The Bear Case

[IIC]

"I made my fortune in the stock market by selling too soon." Bernard Baruch

One of my 3,156 Sayings To Live By Is..."Better to sell too soon than to sell too late...Too bad I don't always remember it"...IIC

[IIC]

well.... when I get overwhelm with my study... I come to this thread or aol's threads to giggle. It makes me feel smart.

When you look like you...You don't have to be smart...BTW...What time is it???

[IIC]

Roy Rogers is a roast beef chain. There was one down the street from my college dorm.

Or was that Tex Ritters?

And what college was that???

I went to the University of Nebraska...Majored in:

Sports
Beer
Girls
Food

[DSteckler]

Vanderbilt U.

[TFred]

Greetings,

If this link works,

http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=%5EDJI

It looks post mortem like a correction was in order,it will be interesting to see if the VIX retreats this time around.

cordially Tom

[lemonjello]

Worth reading - ugh!

http://www.telegraph.co.uk/core/Content/displayPrintable.jhtml?xml=/money/2006/05/15/cnmarkets15.xml&site=1

[ParkTwain]

Staring down the bull (bullfighting photos!):

http://tinyurl.com/m94j4

[NY4Ever]

It's post like these that makes me confident that the bull will keep going, the bull will only stop when everyone is bullish. So NY4EVER, let me know when you finally get bullish so that I can sell

We are getting there. My target on the qqqq is 39.25 and today's low thus far was 39.58.

[NY4Ever]

We are getting there. My target on the qqqq is 39.25 and today's low thus far was 39.58.

Dow down 130. Nasdaq 23. Issuing a buy based on a one day reversal.

[NY4Ever]

Dow down 130. Nasdaq 23. Issuing a buy based on a one day reversal.

qqqq at 39.35. close enough to my 39.25 buy point. Continue to expect a good reversal in stocks today. Dow now down 150 and Nasdaq 29. Load up on MYGN.

[NY4Ever]

qqqq at 39.35. close enough to my 39.25 buy point. Continue to expect a good reversal in stocks today. Dow now down 150 and Nasdaq 29. Load up on MYGN.

qqqq just traded at 39.25 with Nasdaq down 33 and Dow down 186. One day reversal shaping up this afternoon.

[NY4Ever]

qqqq just traded at 39.25 with Nasdaq down 33 and Dow down 186. One day reversal shaping up this afternoon.

Though the qqqq has held my support target of 39.25, the Dow continues to play catch up with today's decline becoming weaker and weaker. A decisive break of 11200 and especially a close under 11200 would suggest 11000 as the next target on the downside. I had been looking for a one day reversal this afternoon based on the qqqq holding 39.25.

[NY4Ever]

The Nasdaq has bottomed short term as the critical qqqq 39.25 level has held. The Dow closed over 10200 which was also a mild positive, but any rally will be very short as I suspect it is going under 11000 briefly. Most of the damage of option expiration has already occurred. Next week should see a resumption of the decline, but the Nasdaq will hold up better than the Dow.

[NY4Ever]

The reports of the death of the bear are premature. Today's CPI core number is just the beginning as pass through costs on high energy prices are about to take hold. The consumer cannot stomach gas over $3 and continue its discretionary spending. Earnings this past quarter will prove the best of the year for most companies. Bottom line: SELL !

The above was posted on 4/19. Nothing has changed as the core should continue to come in regularly between .3 and .4 the remainder of the year.
The decline the past 2 weeks is probably over very short term. Rallies could prove very sharp but over quickly; 3 days at the most. Dow is going under 11000 testing its 200 DMA.

[NY4Ever]

The Dow is holding up much better than the S & P and the Nasdaq today. That is very encouraging.