*DJ Nikkei 225 Stock Average Down More Than 200 Points (END) DOW JONES NEWS 06-16-02 09:05 PM- - 09 05 PM EDT 06-16-02 could bounce
OK everybody. The average "investor" (read loser) out there in the real world still has all these anal folks telling him to buy. Yeah, he's getting weirded, and maybe not buying all the buy signals, but the fact remains that <b>all investment folk are advising buying stocks</b>. When they talk about spreading risk, they only talk about different stocks or mutual funds, not different investment types. In other words, the suckers are still ripe for the picking. They have money to contribute to us, and to the rest of Wall Street. This market will continue to go down, and the average sucker will feed the rest of us, until we see that the average investor is reluctant to invest in stocks. Then the next bull market will commence. Them's the facts. You can either make money with me, or lose money to me. If you disagree, I'd like to thank you. Thank you very much. I wish there was an Elvis tag .
I've got an indicator that shows that the Sustained Dow bull started in May94 and ended in Aug00. The Sustained NASDAQ bull started in Feb95 and ended in Oct00. Wonder if it will predict the next bulls? Nothing from it yet but it lags a bit.
Just for clarification purposes, when we talk about a rebound, or an intra-week rally, this has nothing to do with trend reversal, going long, or buying the market .... on the contrary, it has everything to do with taking advantage of this opportunity and shorting the market ...
the top for today is in @ 1154.5, we are takin oout the lows next. Market aint bottomed yet imo. edit: only if we take out weekly high will i go completely bullish.
i'm short from 1154 and i'm just going to hold till we take out lows again. what would Mr. Market do to fake everyone out? put in a fake bottom and get everyone buying. Theres lots of money to be made at the extremes cause thats usually where all the volume is.