I'm pretending to be a perma bear so that we go higher. the 3 month chart is very bearish. Rising price on SPY/DIA and falling volume in a rising wedge. Expect heavy consolidation. now that i said it is time 2 sell the markets will actually rally ha ha long goog @ 450 With the exception of 12 or so stocks like GOOG AAPL FSLR BIDU POT MOS V MA and others everything else in this market sucks. -werd-
wow, i was just about to long until I read this.... who are you kidding, DOW and the rest of the markets are headed back down.....
I think the market will only go down when we finally admit that he is right and move over to his side
I see a bottom in S&P 500 at 1,257 and a h&s type of formation in the weekly chart. Looks like price is testing trendline resistance now, the line from the Oct 2007 high. Any correction may be short-lived unless new worries emerge and bad news. Ron