If you're short, I'm the sucker going long....: there is a bounce off of blue

Tuesday, February 17, 2009

there is a bounce off of blue

No worries Mellissa Lee is going to keep an eye on the november lows......."Fer Ya"... Stay tuned She will let you know....

7 comments:

Tony said...: DJIA within two points of Nov low, high volume, hugely neg A/D line.

But it still doesn't "feel" like capitulation.

T.Lo's sentiment indicator should flip to bullish tomorrow unless something really turns around intraday.

Barry's sentiment read has been bullish for a week now. He was too early.; February 17, 2009 at 10:37 AM
Eric said...: Barry is too early by 4 months.

I think they fired their technician.

We neither have despair nor panic..

this is complacency...

I'm wondering if we will need both Despair.... and then panic.; February 17, 2009 at 10:46 AM
Tony said...: Is complacency part of discouragement?; February 17, 2009 at 10:50 AM
Eric said...: Factors LEADING to a major bottom:

Widespred conviction that "worst is past", Bear market bounces that keep investors "Hopefull".

Then a surrender, in a fresh slide, that goes on like "chinese water torture"(is that this slide or not?).... (these bounces cause complacency)

Then we will get a Give up phase, things are getting worse and will probably get worse tomorrow.

But you know... I could be wrong.; February 17, 2009 at 11:02 AM
Eric said...: I tell you what is interestingly complacent... as a Percentage, at this level 250 pts is like 500 would have been at 14000.

What is interesting.. is that all the volatility has been to the downside. We haven't had a 200 pt upday... for a while... and if we had one there are maybe 2 in the past 2 months.; February 17, 2009 at 11:05 AM
Tony said...: Perugian and Kneale oughtta get a room.; February 17, 2009 at 12:08 PM
Eric said...: I missed it I was on the phone..

Somebody thinks I should do some work....

At least Kneale knows he is the most hated man on cnbc... that is good..; February 17, 2009 at 12:16 PM

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