Dec 14, 2011

Stocks Also On Sell Mode

I think I've seen enough. Stock market indices printed 3 or 4 distribution days in two weeks, which should be more than enough to turn the trend back down. Today selling continues below MA50, which is my signal that bear market may be back again. Sure, we may and probably will get some sort of a relief rally on low volume into the year and, but I strongly doubt indices will be able to get anywhere near previous highs. Whatever bounce we may get it should probably be the best shorting opportunity of this entire bear market. We'll get back to this when time is right.

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