He has those posting restrictions so I think considering that on s/i he averaged what, 30-40 posts a day? Timber is just one small portion of what he posted.. he might have just overlooked that wording..
What are the Turnips talking to each other about for tomorrow? I can just imagine you having to put each one in a separate garden when they must be bickering amongst each other at times like this. Bearnips vs. Bullnips.
If you look at the 2002 chart, you'll notice between mid-January and mid-August there were only 2-days we closed above the 50SMA after the initial close below. Those were both tops after significant re-traces.
If you include the 6-days in August we were over the 50SMA, that's a total of 8-days over the 50SMA over a period of 10-months after the initial close below.
That's something to think about as people look for the Santa /New Years rally. The daily charts may look like they're at bottom, but the weekly charts still have a ways to go, and the monthly charts are just starting to turn down again.
Amongst other signals we've had recently, this one is also huge.
Look what happened in Sept. 2000 when we closed below the 50SMA:
From looking at this tonight, I have a couple of observations -watch for a drop to slightly below the lower BB on the COMP (currently at 1334), and watch for a rise to test the 50SMA (currently at 1366), and then watch for the bottom to possibly fall out over the next 3-months.
That has been the pattern, and this bear has been pretty good at repeating patterns.
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