3/9/09Umm,..anyone? Anyone who called the bottom last week turns out to have been wrong. Again, they are damn wrong again!! Yes, there is some strength in the financial sector today but the broader market still sold off. All major stock indexes are officially closed new fresh Bear Market lows. I show the 60 mins S&P chart above. Folks, see how nicely market is going down to drain in perfect downward channel. Every time market hits the upper trend line, market would fall. Every time market hits the lower trend line, it get bounce. Hey, who said technical does not work??! Tehnicans are making your losing dime!! Bottom line. No intermediate bottom. No confirm follow though day formation yet. It seems President Obama should shut his mouth and no show on TV since he does a speech on re-active "stem cell" policy. However, I am laughing loud that it seems to me new "Stream Sell" for Wall Street.
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