*~1Best~* Market Timing & Trend-Signals

[*~1Best~*]

Real market capitulation was in Oct/Nov 2008 and any other high volatility and volume is artificial. Markets are dead as we can see in trading volumes as many are already in cash or in short.

Further downside markets is driven by big hedge funds, traders, and some frightened small investors exiting markets.

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Gartman: Here's How the Bear Market Will End

Posted By: Andrew Fisher |
CNBC.com
| 09 Mar 2009 | 11:22 AM ET

Last Friday, when the Dow Jones Industrials were down 150 points, the Gartman Letter's Dennis Gartman predicted a huge sell-off after the weekend — unless something changed.

Something changed.

The market rallied back, and Gartman didn't get the "capitulation" plunge he says is necessary before recovery can take place. "Maybe this is one of those times that a bear market ends by just going sideways," he conceded to CNBC.

So where is he putting his money?

Recommendations:

"Last week, I became quite bullish and said I want to buy copper," he said. "I want to buy steel; I want to buy old, prosaic, dividend-paying stocks, businesses you can understand."
# Copper, Aluminum, Gold, Silver Prices Now

One thing he understands is, in a recession, people scale back — to businesses like Walmart . And beyond.

"The biggest trade I've had on for a while is long on Family Dollar Stores and short on the mall owners," he said.

"I don't even know where they are, what they do, but I know they're the low end of retail, and they've been doing very well."

Disclosures:

Disclosure information for Dennis Gartman was not immediately available.

Disclaimer
© 2009 CNBC.com

URL: http://www.cnbc.com/id/29531021/