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S&P 500
5,308.13
(
0.09%
)
US TECH 100
18,168.40
(
-0.15%
)
Dow Jones
39,806.77
(
-0.49%
)
Brent Oil
82.82
(
-0.86%
)
Bitcoin
70,966.94
(
-0.68%
)
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Frank Pembleton

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Frank Pembleton

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Re: KastelCo post# 18356

Friday, 02/20/2009 11:49:40 AM

Friday, February 20, 2009 11:49:40 AM

Post# of 19037
trading against a strengthening trend, exciting...???????

K...just take a look at the ADX and you'll realize that buying is an act of insanity--you can only be NEUTRAL OR SHORT in a bear market....and we broke support in a big way on Tuesday....this is a bear market.

Btw, the TSX is levered heavily on banks, insurance companies and energy. Gold in Canada is barely a byproduct compared to exports like coal and potash.


FP........................................................

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