I like to move it, move it!
Proud Member Of
Random Roger
© 2009 | Gadget Theme Blogger Template
Original WPtheme By Blogger Template | Converted By Gadget Lover
| Distributed by eFree Blogger Help
Original WPtheme By Blogger Template | Converted By Gadget Lover
| Distributed by eFree Blogger Help
4 comments:
Has everyone seen this market performance visualization thing and I've somehow missed it?
You can choose your market at the top and use the righthand dropdown to choose your time period.
Question,
Is it flawed to think of the current market as a recession (down 35%) + a crash (down 20%).
So over the next 6 to 12 months, we may rally 20% either in one impulse or over time to recover the crash while still be in a typical recession!
CA
I don't know if what you say is flawed, but I do not think of it that way.
Could we rally 20% and....at SPX 801 we are up 20% from the low in a short period of time as very much a knee jerk snapback, we can debate the fundamental merits or lack thereof another time but 20% in two weeks is kneejerk. so with that in mind is it still a recession? I believe so. Still a bear market, that is debatable. Technically speaking if we never go back to SPX 666 then it is a new bull market. There is very little that is healthy these days but if it is a new bull then the way it started is very typical.
I have been saying for a while that I think we have a huge rally, not just a big one and then go back down again for a while. we'll see if that stands up or not.
Stand up or not I raised stop-loss orders (again) and have no trades open that lack them ...something I rarely do when I am convinced of trend direction btw. That aside I am enjoying myself immensely at the moment. Excelsior!
Post a Comment