I understand what your are saying but the Monthly chart of the Dow Industrials does not look like it is bottoming to me and the yearly still gives plenty or room to pull back.
well, the July 29th issue of Business Week did have a nice big picture of a grizzly bear and dedicated almost the entire issue to the problems with the markets...
that's close but....I dunno...and Prechter was waaaay back on the next last page, and portrayed as a crank.
Wonder if we'll shake off what MSNBC is calling 'all the bad news.' (Guess the principals of the media are short and trying to capitalize -- save butt -- on this 'bad news.')
I have an eye out for continued short squeezing today. The other eye is on going short.
