Takayama

Sucker's Rally Approaching an End

Agreed. The institution players are playing against the retail market. It will get worse and worse.


On Apr 15 05:00 AM TheFounder wrote:

> The market dropped fast and steep. It is only obvious that the counter
> action will follow the same behavior pattern. That is why we saw
> the best 5 weeks since 1930. That and some government back wind.
> But fundementals are horrible and we should re test the lows at least
> once more. If you follow the bear markets since 1930 you will clearly
> see that no recovery ever took place until the 200 MA got really
> close to the index itself. We are not there yet. Maybe in August
> or early 2010. I sold all my longs recently and am in cash and shorts.