First of all, I am a bull, until the chart shows me clearly the selling signal, I will not become a bear. I just need to follow the market trend, no matter how irrational the market is ! I strongly believe there are natural laws governing the market motion, but it may be not well understood by human now. As a result, one missing reasoning will puzzle us very easily. That's why you think the market is irrational. But, in fact, the market is very rational and smart ! The key is we, human beings, can't really understand millions of reasons behind the market movement.
However, my mind is always OPEN to other opinions because this is related to real money. One mistake could kill us very easily in the market.
Here are some bears market view, I want to share here:
- Market will find a top in September
- Bears expect the stock market will crash again until the end of 2010.
Most bears reasoning are based on economic conditions analysis, very few of them are using the chart reading.
At the same time, bears are bullish on US dollars since dollar is strong during last market crash.
thanks for sharing. --zz
ReplyDeleteTo the contrary, I think it is the bears who are the one's with the savvy chart reading skills. It's the bulls that just keep buying irrationally without taking anything into consideration but what they see on TV. Furthermore, what is rational about constructing a market with government debt, PPT, and High Frequency Trading? Agreeably though, this market is going to get bearish very soon!
ReplyDeleteI kindly think this rally will continue to the end of the year 2009
ReplyDeletei'm not a bear, but the market is sending plenty of reversal signals. in the last week a very strong reversal signal in the $dia on Tuesday (with failure on Wed & Thursday to confirm). the week ahead will be interesting...
ReplyDeleteI think all the technical Analysis are indicating BEARISH tone in coming weeks.All the stocks are saturated @ this price levels.Don't be surprise if the markets pull back from here.Technicals are always ahead of NEWS. Reasons comes later after the Market has acted Technically.I have seen the market always have to follow technicals, & It is gonna happen very soon.All the fruits on the trees are RIPED & it can fall any given day.GLTA From Smartguy.
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