Thursday, February 7, 2008

NO More Shorts. The Bulls Are Coming!


Sia said...

I thought we would for sure be down today since we are in a 'bear' market. However, we held up. Therefore I am really confused and neutral now. If we are positive for 2 more days, then I will change my stance to more bullish.

Stewie said...

hi Sia. it's not obvious right now but i am telling you, you wanna be buying weakness now short strength going forward.

Bluedog said...

Interesting charts, Stewie. Given this week's action I thought we'd be in for another retest of the 200 EMA on the SPY. One final day of capitulation, if you will. But the technicals you're showing look good. I'm buying in increments.


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