Good post. I don't see any reason to get bullish yet either - down trend resistance needs to fail first.......seems to me like new lows are coming imho. Friday's bounce from the limit down open was much less of a bounce than the last few times we were in this neck of the woods..........couldn't even make it over the 50ma on the 60 minute this time. Steve
"Every man has his own courage, and is betrayed because he seeks in himself the courage of other persons." ~Ralph Waldo Emerson
I consider myself a good trader, have many years of experience behind me and to this day I am still a terrible predictor. Well anything above a few minutes/hours at most. Without a live market I'm "a non moving target", I need my RTHs. Stuck with daytrading I suppose, major kudos to those that swing trade consistently well. TV
Almost 80%+ for the Dow in 15 months? Has that ever happened? I'm glad there's a permabull here to counteract all the permabears (the "Dow 3000 next month!" crowd), though I don't agree with either camp. But you really need to tone down stuff like that. It look the Dow and S&P a full 5 years to go from the 2002 lows to the 2007 high. Bull markets are almost always slower going than bear markets.