Replies to post #169807 on SwingTrade Member Forum (SWING)

[MSGI]

Well, you have one thing going for you. There could only be 19 more days like today if they all came one after the other. I agree with you that the faster the drop, the quicker the bear is over. That is for normal bear markets. This is no normal bear market. This is as bad as the bear that started in 1929 or worse, we don't know that yet. The $700 Bil package may work and it may not work, that remains to be seen. Didn't the bear that started in 1929 last about 11 years? They say this bear started one year ago, so my 2012 bear ending may be optimistic, but I like to look at the brighter side. It is just my nature to be optimistic. LOL.

[BuzzOnDaBeach]

This sure looks like a new bull, LOL. Seriously though, it does appear to be capitulation, deeply oversold and in need of a relief rally just to rebalance shorts. But that doesn't mean the new bull has begun. Just a snap back.



Buzz

[SAMNOTSAMUEL]

Rawnoc,

It would be a true bear move to make the books if the market fell quickly another 50% over the next 30 days.

Then probably in that scenario could be a bull market for decades but the short time frame to the bottom obviously does not lessen the damage.

Why do you believe gold is so massive overvalued? Gold should be an opposite move to the value of the dollar and in the long term oil also should be an opposite move to the value of the dollar imo.

Do you therefore see the dollar in a continued slide down in value or are you expecting significant deflation?

sam