Bear market rallies are very sharp and shortlived -- 2 - 3 days. The Dow is now at 10993 and this is close enough to 11,000 to go to cash.
Homersays
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Originally posted by Rob12K, baby!
Robert E. New
6/14 Closing Update...Mild up session finally breaks our 8 day string of consecutive down days on many indices. Volume was average and most internals were mixed suggesting we are seeing an oversold bounce in an existing downtrend. Most indices should find significant resistance at their declining 20 MA's/60 Minute downtrendlines. The SPX could do a backtest of its neckline in the 1245/50 area. We are also noticing many 50/200 bearish crosses on those moving averages in many indices which when tested from the underside usually provide some major resistance. The commercials started covering some of their shorts last week and this weekends report will be watched closely. Keep watch on the daily NDX and Nasdaq charts for the potential of a tradable low somewhere between current levels and the 2025 area. Most 60 Minute charts are putting in some bullish divergence suggesting a bounce up in our Down Channel's/Wedges.
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[quote=Homersays]Originally posted by RobAnybody can find "ex-spurt" opinions to support any issue under the sun. For example, you quote Robert E. New. But what about Alfred E. Newman?
What are you talking about? You are Robert E. New?BEEF!... it's whats for dinner!
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Originally posted by HomersaysThe real Robb from the AOL board would never give an idiotic response such as you just posted. My mistake.—Rob
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Originally posted by HomersaysThe real Robb from the AOL board would never give an idiotic response such as you just posted. My mistake.BEEF!... it's whats for dinner!
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Originally posted by LyehopperThat's another dude Homer.... His handle was Robbb24, He never responded much to anything.... We ran his ass off long ago, you'll be next I'm sure.
I'll come back when Robb decides to return. I want no part of a board which includes people like you.
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Originally posted by HomersaysRobb is one of the best posters I have ever had the pleasure to read. A gentlemen and a scholar. You are the one who should be driven off this board.
I'll come back when Robb decides to return. I want no part of a board which includes people like you.
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