Posts Tagged ‘bear market’
Index Longs In Cash, Bought Nat Gas
I still can’t get over how good so many charts look. Alright you want to call this a bear market rally fine. Likely you have missed the majority of the move. Some of my indicators are saying now that this market just ticked another notch into potential bull market territory. I noticed tonight on Fast …
SPX Levels and Channel
This is my interpretation of the daily SPX situation: This is the roadmap that the SPX has followed on a weekly channel since the beginning of this bear market which was initiated within October 2007.
SPX Chart I Didn’t Get To Post Last Night Because I Passed Out
This was the train track the SPX was chugging along as of last week. This is how the same chart this week is shaping up. The point of this is that this mini channel caused back in November 2007 signaled the beginning of a bear market. The SPX then had a bear market rally (didn’t …
Went Short In Index Funds
I rolled from cash to short in the index funds at the close in a medium kind of way. I covered my short at yesterday’s close and it was a good thing as the RUT closed up close to 5% and NDX 2%, as well as the SPX at 2%+. I’m looking at this short …
Inverted Head and Shoulders Short Term Charts
Short term charts show inverted head and shoulder patterns. I had these setup for Friday, but just getting to posting them now. These are 30 minute charts, which is a short timeframe and in the grand scheme of things does not change the overall bear market. The only bullish item it does suggest is that …
