We have made some improvements over last one year. Now more and more people are disbelieving rallies. Last few times we had more bottom callers, now we have more suspicion. Of course it does not mean that a true rally is underway, but probably closer than farther away.
This Is A Suckers Rally
- Thread starter edge666
- Start date
We have made some improvements over last one year. Now more and more people are disbelieving rallies. Last few times we had more bottom callers, now we have more suspicion. Of course it does not mean that a true rally is underway, but probably closer than farther away.
This may go down in history as a dead cat bounce in the most classical terms.
I agree... I would not just use technicals either... staying very close to the news this week and seeing how things go. Interesting to see how the economic news pans out this week. I think too many people got way too excited with this slight jump in retail sales. Let's be honest here, everyone is shopping for the lowest priced goods, and in return will affect the margins of these companies during earnings season. Consumers continue to strap their discretionary spending. Some of these retailers are selling things at 70% off.