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

To: NOW who wrote (25401)	10/5/2011 12:59:34 PM
From: Lazarus	3 Recommendations Read Replies (1) \| Respond to of 218772

well ---- we can all look at the charts and see that the trend has been DOWN.... but that has nothing to do with PGs statement that we cannot be at the lows due to specific indicators in the VIX. again --- let me make myself clear -- I HAVE NO CLUE AS TO WHETHER OR NOT WE HIT THE LOW FOR THIS CURRENT DOWNDRAFT. i know we hit A low. << the charts show us in a clear downtrend still on anything other than a st time and a very long time frame basis >> so pray tell why would someone who relies on charts not take a longer view and incorporate both the near term charts with long term charts? EXAMPLE : below is a monthly chart of the $SPX over 25 years. my read on this is that unless we have a repeat of events on the order and magnitude of Lehman collapse, AIG falure, etc ..... we could have hit the low. one thing is certain -----> bearish sentiment on SI has been about as high as i have ever seen it in years.