Market refuses to go down

When the top is in it you won't have to squint at the chart to see it, it will hit you in the face.

 

That little pop was fun!

 

There it is 1.4760.

 

If you start with the premise that the bear started in 2000, it all makes much more sense. The Bull run from 2003 - 2007 was simply a retracement of the larger down-trend. This also means that the March lows will be breached. However, nobody can this this accurately.

 

Higher in the premarket again. Housing and job data today and no matter what it is in my opionion were looking at a higher opening. They will spin around if it's negative like they always do. You would actually think that the NASDAQ would be trading slightly lower on oracles earnings. Rallies ALWAYS come to an end whether it's 6 months or 7 years.

 

For those interested, Dent was interviewed here last week.

 

yes,i agree with your idea.

 

One thing amazed me is the price of oil, a bogus drop in gasoline inventory(refineries seasonal adjustment) instantly make oil pop up $3, yet today's unemployment number barely made oil dropping.

 

As good an indicator as any that oil is a buy.

 

lol, so true, I can't believe some people don't use any indicators at all. oil, gold and bonds are these true indicators of market.