Wednesday, November 19, 2008 4:57:44 PM
Decisive Day...
Hi everyone,
Well, we have new lows on many indexes including the Wilshire 5000. Since we have not moved higher on a cycle turn point, the lower lows will prolong our bear market. Since many were hoping for a rebound in the markets, the markets have disappointed them and if their stops are hit, it will add fuel to the downward move. New buyers might want to use countertrend rally's to raise cash and wait for the true bottom when it appears. Remember, in this game, the "second" mouse gets the cheese! Let the first mouse get caught in the trap... ;)
Best to all, Tim
Hi everyone,
Well, we have new lows on many indexes including the Wilshire 5000. Since we have not moved higher on a cycle turn point, the lower lows will prolong our bear market. Since many were hoping for a rebound in the markets, the markets have disappointed them and if their stops are hit, it will add fuel to the downward move. New buyers might want to use countertrend rally's to raise cash and wait for the true bottom when it appears. Remember, in this game, the "second" mouse gets the cheese! Let the first mouse get caught in the trap... ;)
Best to all, Tim
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