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?"
- Forums
- ASX - By Stock
- DJIA
- the obama nosedive
the obama nosedive, page-16
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DJIA (INDEXDJX) to my watchlist
(20min delay)
|
|||||
Last
26,683 |
Change
82.730(0.31%) |
Mkt cap ! n/a |
Open | High | Low |
26,683 | 0.00 | 0.00 |
Featured News
DJIA (INDEXDJX) Chart |
Day chart unavailable
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online