Good call, a lot of people were underwhelmed by yesterday's rally. I hesitate to make a call on direction, but I don't think yesterday's rally has legs.
nice follow through rally, closing near intraday lows.... up 146 to down 46 oil near 110, dollar at new lows and you think the rally yesterday was the beginning of something new for this bear market. Sell the rallies....
may be due to some bottom-fishing amongst the prior rally's beaten down leaders. Still believers out there that we're going back up and enuf pain has been felt already. I haven't heard much screaming yet, except from the shorts that get washed by the tsunami that is the Fed. pS
As a confirmation to your bp indicator, it appears that the bullish percent on the NYSE, Nasdaq, S&P 500, and S&P 100 were all up for the day as well. Maverick
LMFAO.... nice cop out. BTW it's the FOMC meeting not minutes. If you got rid of your ego you might just make some money
Now we have to see if we can get up to 30%. It sure would make me feel better that we have at least temporarily bottomed.
worked out well increasing my shorts and inverse funds. DOW is now down 250 points from its 400+ rally... and about 90% of the people here thought the rally would last....
A small piece of advice. Never gloat until you have at least been proven correct. That would mean we go below the low before the rally.