How Low Can This Market Go? The 40 Percent Solution [View article]
I think that earnings disappointments will contribute to further stock market declines. Expectation of an economic "slowdown" is slowly being replaced by a serious downturn. One implication is that earnings estimates will come down significantly. The market will adjust accordingly. I used estimates for next week's reports and the charts clearly indicate that 1995 was a walk in the park compared to current conditions. See wrahal.blogspot.com/20...
I have been bearish for months but now think that there is an excellent chance for the market to rally amid all the pessimism. There are some technicals positives also. My 5-day momentum indicator will soon be in "buy mode"
How Low Can This Market Go? The 40 Percent Solution [View article]
I used estimates for next week's reports and the charts clearly indicate that 1995 was a walk in the park compared to current conditions.
See
wrahal.blogspot.com/20...
S&P 500 Still Looks Putrid [View article]
My 5-day momentum indicator will soon be in "buy mode"
The Oversold U.S. Market Gets Even More Oversold [View article]
Those who read my blog know that I have been bearsish.
But now my indicators have turned ST bullish, and pessimism has increased dramatically.