Where Da Bear?

20:17 UTC 16 Apr 2009 8 Comments

How long have we heard about the pullback? What happened to the bears? Did they gorge on salmon and are taking a nap? What are you thinking out there? And what does this chart below bring to mind when you look at it? Its a 20 year chart of the S&P with slow stochastics at the bottom and the upcoming resistance line drawn horizontally. Is it going to keep chugging along? Don’t be shy … you won’t lose money with your comments.

Big Picture Chart

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8 Responses to “Where Da Bear?”

  1. nicksandiego Reply 4:24 UTC 17 Apr 2009 at 4:24 am

    I know I see a lot of room to the upside to bounce back and retrace… but also a lot of angry people waiting to get out along the way up.

    And it also looks like double Ds… ha

  2. Robert Reply 14:11 UTC 17 Apr 2009 at 2:11 pm

    So basically we can bet on the market to look like a McDonald's symbol. I know my strategy now!!!

  3. Nick L Reply 14:17 UTC 17 Apr 2009 at 2:17 pm

    Yes its a huge conspiracy by Ronald Mcdonald…. i hate clowns

    thanks for the comment

  4. John Reply 14:19 UTC 17 Apr 2009 at 2:19 pm

    For you conspiracy theory lovers there is an interesting article about this upcoming weekend being the end of this bull run:
    http://www.moneyweek.com/news-and-charts/a-foreca...

  5. Dan Reply 16:19 UTC 17 Apr 2009 at 4:19 pm

    Thanks for the links…. good info

  6. Steve H. Reply 22:26 UTC 17 Apr 2009 at 10:26 pm

    The bears will be back !!!

  7. Nick L Reply 22:27 UTC 17 Apr 2009 at 10:27 pm

    Thanks for your comments… Im hoping the bears wake up because I started shorting again.

  8. Ron Reply 15:43 UTC 20 Apr 2009 at 3:43 pm

    I guess if you poke a bear in a cage enough times he'll wake up… like today

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