the rally over in stocks?

Quote from Bowgett:

I hate to confuse you but I manage three porfolios - long term, intermediate and short term.

Long - I am still bearsh 100% cash & bonds (not US)
Intermediate - somewhat bullish on US equties but I am already out of this rally.
Shortterm - ask me tomorrow :)
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long- bullish on the world
int - bearish
short - I will ask you tomorrow (bearish)
 
This rally have come out of the starting gate slower than the previous ones.

Seasonals are very unfavorable fo stocks for September just look at the S&P seasonal chart at SeasonalCharts.com

To look at the reconstruction money as bullish without considering all the production and earning capacity lost is just silly.

Even some simple indicators like the Demarker or StochRSI are overbought at the moment so some sideways action or pull back are at least possible.

(I have a neutral option position on counting for the market to go nowhere for a week or two)
 
Quote from flyers&divers:

(I have a neutral option position on counting for the market to go nowhere for a week or two)
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GM...

I track a modified version of the Elliott Wave, I developed myself in the 1980's. From the august top; I've seen a decline, this counter rally, and now expecting another decline to end the correction, before the bull market continues.

Thus, I've kind of side stepped the market, except for a few special situations, since early august. Been making a shopping list. Noticed Crude was creeping up over night...

Best to your day!
 
Quote from gharghur2:

okay ... six replies, one question
and all six replies were bullish

contrary indicator or very smart guys

we'll see shortly

thanks for the responses
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That's sort of what I'm thinking ... a whole lot of bullish sentiment out there ... after a week-long rally on declining volume ...

Are there any bears left? And if there answer is "no", then how bullish is that?
 
Don't forget September 11 is on sunday. There has been a whisper in big european banks that the markets MUST be up just in case something occurs. Just now catastrophe will be the norm to keep markets flying !
 
yes. the rally is now over with the top in the DJIA being 10719 for the year. I have this on very very good authority.
( from on high, so to speak ) LOL !


AUSTIN:D :D :cool:
 
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