SeeTheLight

Preview from Europe: Another 'Glass Half Full' Day

@thelastangryclown - Yes, I guess the way I worded that didn't quite capture what I meant. I meant there is heavy selling pressure although it has had a number of bounce back days, i.e. today. The way the media spins it is that it is a mild correction in the face of an overwhelming Bull market. But you are correct that my "hints" should be actually "neon flashing warning" sign.

Good Luck all

On Aug 21 08:01 AM thelastangryclown wrote:

> LOL @ SeeTheLight... you're seeing the first hints of selling pressure
> in China, are you? The Shanghai index was down over 20% in 11 trading
> days. Let us know when your hints are confirmed, would you?

Preview from Europe: Another 'Glass Half Full' Day

The video links were excellent. Thanks.

I know I am in the minority, but I am beginning to feel like this market is a major Bull trap. The low volumes you mention, plus the end of day buying are dangerous portents. As well I am seeing indications of high insider selling, the first hints of selling pressure in China (and the first thoughts that perhaps it was experiencing its own Bubble).

It just seems to me that once everyone is Bullish, the only way to go is Bearish. And I've been hearing that analysts are over 90% bullish. A number scares the heck out of me and made me imagine the following scenario:

If I were a cartoonist I would probably draw the following cartoon to describe the market situation right now:

It would be a huge banquet party filled with Bulls wining and dining under a massive "Green Shoots Market Rally 2009 Celebration". And at the front entrance would be a few sheep donning Bull costumes and one would say to the other "Hey guys, we made it!" and at the other end of the room at a small door marked "Fire Escape", would be a few wolves shedding their Bull costumes and at the bottom of the alley underneath the fire escape would be a few Goldman Sachs limos waiting.

Of course there would be a drunk Bear near the entrance proclaiming the end of the world is coming but with no one listening to him and at the front banquet table would be a bunch of Bulls that look suspiciously like Cramer and the rest of the CNBC talking heads.

Hopefully I'll be close enough to that exit if it comes to pass.

Good Luck all.