Tuesday, March 18, 2008

confirm the bear

...... I may lose money, but regardless of these painful 80 pt moves in the SPX.... UGH.... I wish I was day trading it.......

My thesis till we get to the 1320 range is that we have to confirm the Bear..... 20% decline which is 1220, 11300.

We need that great break down day.... Then I can get bullish.....

I spent some time looking at bear markets, I don't see any reason that that first 20% decline in the bear market isn't in the first 6 months.

there is a lot of work being done trying to manipulate this market, which is very bearish....

No comments:

Post a Comment