Month: November 2007

The Friday rally made the week easier to swallow for the bulls. The extremely light trade made a bottom tenuous, so the bear will be eager to sell any decent re-tracements. The great minds on wall street are looking for another rally to help salvage the mountain of bad trades created while trying to return…

There was no knock-out punch from the bears last week but they are still lingering at the market’s edge. The year’s end is in sight and the bulls are hanging on to additional Fed relief and the thought that next year will see gains so why not buy now. The bear is looking more long…

The bears are hoping to raise their flag if they can get another ugly down week. Tech, which all the other stock indexes had been tethered, got a dose of ‘get out’ from the professional side. As we stand, the NQ 100 cash is sitting 12.5% off of the August 16th reversal lows, with the…

The ability of the DJI and other indexes to avoid the death dive has led to much confusion in the bear camps. Now we like to poke fun at the bulls, but the bears seem to be perpetually abused by these markets. Each time we have seen the market on the brink of destruction, (Aug.…