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  • Bear Market Thoughts: Looks Like Another Downturn [View article]
    Aren't you the same guy who turned very bearish on Dec. 24th?

    You said then,

    Markets Are Pointing Down
    by: Jeff Pierce December 24, 2008

    Yesterday, I got a sell signal on the markets indicating that it’s more profitable to be short here than it is to initiate new long positions. It pays to be on the side of the trend and the market's inability to continue its current advance can be viewed as a loss of momentum to the upside. It’s tough to know how to view any movement in the markets given the light holiday trading so it’s best to go forward with a note of caution.


    Right before a huge multi-day rally.
    Jan 11 09:34 am |Rating: +2 -4
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