freefall51

Real Unemployment Closer to 18%: Watch Those Long Positions

I share the bearish sentiment because of some very negative developments that affect my work environment, the recent motion of Lyondell for bankrupcy protection. Rock solid asset rich company that was employing a lot of shrewed people, unfortunately over-leveraged as well and they paid the price

That notwithstanding I believe the bull is not dead as long as the last max or the last min of the say S&P index is not undercut, which is not the case yet. However the market does feel skittish, not bullish.

In times of uncertainly the chartists rule. Plus at this time the market is fully determined by statistical oversold - overbought conditions on every time span, 3 min, 10 min, 60 min, 1 day and so on. Whenever such a condition is reached, the computers that launch buy or sell orders start talking to each other. lf you can anticipate what comes next you can make some money with some probability until it is over and the direction changes. Got to stay alert if you want to play.