I agree with Bogan7, we are there (or very close). . .now. FYI - charts recover and new highs will be met quick enuf - always have always will - barring an "Act of God". Hey HFT take a look at the last Bear Market. This one is kiddie world wrt breaking up the trend. Paysense PS <b>Shame on you HFT, flipping after all your hypocritical "gloom & doom" rants against ET</b> (however true it may be, lol).
HFT, if I remember correctly a while back you were slagging off people that were posting charts pointing out bearish indications, you were very arrogant & rude in your responses. Now that S&P500 is down 300 & you come out with a statement, which is clearly only meant to attract more clicking & useless exchange of posts.
You are too pathetic for me to give you anything inspirational. Just realize that while you were tooting your all in horn at spx 1500 others were preparing for this moment. These people have cash in hand are getting ready to buy from your ass when the transfer aka capitulation occurs.
My outlook changes with time. That implies I am flexible. I now see the troubles that were not there before. Markets are down 20% that's a reality. Gas prices have skyrocketed that's a reality. Food prices are hiking higher that is also true. None of these factors were present back than. I am still arrogant that hasn't changed though.
Yes I sell shorts.. SHORT THESE ENERGY STOCKS IF THEY LOOK GOOD AND MARKET IS DOWN FOR 7/16/2008 DVN APA OIH SLB All have bear flag chart patterns....LOWER PRICES to come