Replies to post #526 on ETFs

[Croesus I]

I can feel it. It sure feels lke The bottom is in IMHO in ALL equity markets <gulp>!

[davidam]

I am still holding all my Bullish ETF's. I think if it didnt sell off today we have a larger move coming. Good trading day today after the big jump

[cottonmather]

Croesus.........

I hope I am wrong....... Probably am.

There is something called a squat...... as if something squats just before doing something/jumps. It is present in the close of BGU, FAS, TNA, and NDC. It most often identifies the end of a trend.

A squat is identified with a very limited price result relative to the open and close with greater volume than the previous print. This may be trouble for these stocks.

Explore several charts and identify squats in them and see what happens afterward.

btw...... I would not go too long before S&P taps 600. We make get a bump but a bottom is probably not around the immediate future imo.

glta

not the doctor - alanis morisette

[Croesus I]

Hope somebody listened to me. If I take the average of those charts they would've been up 12% today...

I've been pounding on the table for the last few days about FAS. As I write this, it is up a sweet 24% from yesterday....

All in good fun of course.

Lets make some money:)

edit: I've tapped into margin for the first time since the summer.

Me thinks this rally has some legs. Gotta combination of short- covering & money on the sidelines that is afraid to miss a 10% move.

Besides all that, most of the charts that I follow suggest the absolute bottom of this bear market happened last week on Friday, March 6th, 2009. And take that to the bank,
'cause u heard it here first <g> All FWIW & BWTHDIK