DJIA 0.31% 26,683 dow jones industrials

the obama nosedive, page-16

  1. 1,383 Posts.
    I have been short for a while now as the market has been looking ill for weeks, and went heavily short in anticipation of an Obama nosedive. This is typical bear market psychology - the news is always sold.

    It appears that my Nov 21 bottom call was premature although very profitable. Corporate results are worse than even the bears expected and so now we are now in a fifth wave down of C, which will at least test the recent bottom. If it fails, which seems likely, we are looking at about 690 on the SPX, 6900 DJ, and in Oz a test of the 2003 XJO low of 2693 which will probably hold.

    Short BHP RIO ANZ LEI WPL and the index

    "If all is not lost then where is it?"
 
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