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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: gastrodoc who wrote (23077)	8/7/2011 2:19:30 PM
From: gastrodoc	2 Recommendations Read Replies (1) \| Respond to of 220483

By the way, I have decided heretoforth to address the president by a new moniker, one which is truly descriptive of his approach towards problem solving: President OBLAMA Oblame Bush Oblame the rich Oblame the republicans Oblame the tea party Oblame the corporate jet owners

To: gastrodoc who wrote (23077)	8/7/2011 2:46:34 PM
From: Gary105	Read Replies (1) \| Respond to of 220483

Gastrodoc, what makes you think only correction instead of bear market. My bear market comments are based on the following: 1. Dow Theory Sell Signal - This reverses buy signal issued in 2009. It is not a short term signal. It is at least a medium term if not long term signal. During last years flash crash it still maintained a buy signal. 2. All indices breaking below 200 d MA support 3. Gaps at much lower levels - eg 905 for S&P 4. Long term H&S formation with possible long term loss of 75% Your comments most welcome.