2/11/09After another bloody common "sell the news" sell off yesterday, market is not going anywhere. The above middle chart is showing few of data charts I watch everyday to determine the breath of the market. Yes, I said something in the chart. If this market is performing as I expected, retest the lows of 2008 or even lower is very very very likely. Folks, if this is the case, lots of so called wall street experts would need to go back to school again. It is because majority of them keep saying we hit the market bottom last year. I am often laughing this statement. The market is going to make new lows in this year very soon. Yes, I do make the statement here. I am not afraid to call it because I am so far much better than those "experts", market "guru".....
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