We are almost at the bottom...

M

michaelscott

I think we only have one or two more down days to go before there is a notable bounce to the upside. The following moving average chart has been very accurate since 2002 at calling market bottoms. Before 2002, there seems to be no data for it on stockcharts.com.

I believe there will be a bottom once we are under 20% of the stocks on the NYSE moving above their 50 day moving average. That will be the point to buy and to cover.
 

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interesting. if there market doesnt go up after this GDP number then its really all over. subprime aint no excuse with the economy rebounding like that
 
Quote from Daal:

interesting. if there market doesnt go up after this GDP number then its really all over. subprime aint no excuse with the economy rebounding like that
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True, in addition to this maybe the uptick abolishing when shorting had taken its toll.

Now its much easier to short.
 
Quote from michaelscott:

I think we only have one or two more down days to go before there is a notable bounce to the upside. The following moving average chart has been very accurate since 2002 at calling market bottoms. Before 2002, there seems to be no data for it on stockcharts.com.

I believe there will be a bottom once we are under 20% of the stocks on the NYSE moving above their 50 day moving average. That will be the point to buy and to cover.
More...
Will you be positioning yourself accordingly and advising us in advance of your entry and protective stop levels?
 
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