Bubble Crash: We need to burst bubbles. Daytrading is OK.
IYC is now showing, both, below the Softlanding zone which I noted before as you can see on the readings of IYC after showing over one reading several months ago.
What made me to face the reality was continued weakening market breadth and Goldman profit which is telling me that there are many who are hurting financially which was obvious.
Knowing all these facts, how can you (anyone) be bullish because it is just hyping up markets. I understand what you are saying, Daytrading when market momentum is not clear and when we have a lot noise in the market as we have during the last several months since Mar 2007 when markets have pulled back for the first time due to the subprime issues. At that time, Greenspan mentioned about recession.
Now, it is simple that we have a mountain of national and personal debted America and bubbling up markets pushing up oil prices higher is continuing to hurt us.
I am sorry, HELP.... Now, the world is falling apart. It's crazy.
btw, the complete flip-flop EW, in three weeks period, show telling, not sure whether he is screaming, all major brokerage firms are wrong in 2008. LOL
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Posted by: __1Best__ In reply to: __1Best__ who wrote msg# 5499 Date:1/20/2008 9:14:00 AM Post #of 5510
Looks to be all mega bulls turned bearish now, including the public chart lists bulls. I commented on the two public chart list bulls during December as I see them screaming bull. LOL
I just noticed that one of them has completely flipped to downside with the similar magnitude from upside.
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