Wednesday, October 21, 2009

Some Old Friends, Index Charts Dow 5000 and Russell 2000

Being a Bear is kind of like being this cat in front of a pack of Pomo Pumped Banksta's trying to reach critical mass and get retail to pour back into this thing we call a market.

This may not be "the top" but it certainly could be. 

The Fib and Horizontal Resistances are some of the strongest yet presented to this advance. 

The reverse holds these lines are broken then retail may very well rush in to stage the final debacle.

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Insightful and Useful Comment!