According to Cody Willard at The Street.com, the recent headline statements of commentators are mostly bearish, like "Lethargic Markets Never Rally", "Don't Rush Into Tech's New Day", "The Market's Rally Window Is Narrowing", "Wrong! Sell the Fed Fake-Out Cyclicals", "That Maddening Nasdaq", "Selloffs Suggest a Looming Credit Crunch". "And couple not-so-bearish headlines too, including one from Merkel who's not exactly a screaming bull and from Altucher who is on the bullish side of the coin usually. "
This change of tone is bullish and is what I have been looking for. Take a look at what I wrote on April 15th
http://uclatrader.blogspot.com/2005/04/bearish.html
Now I am looking for a short term bottom right here.
No comments:
Post a Comment