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Wednesday, January 23, 2008

Charts for the Big Bounce

I think equity indices the world over have put in a tradeable bottom.
Central Banks and Governments the world over have a quite a few catalysts pending, ranging from more rate cuts to outright bailouts and stimulous packages. This should result in a some follow through on today's gains.
Never forget: This is just a BOUNCE in a Bear market and not a trend change. We will retest the recent lows and most likely PLOW right through them.









16 comments:

Hector Rivera said...

thanks for the charts

jmf said...

Moin Ben from Germany,

WOW!

What a reverssal yesterday.

I´m with you that the greater opportunities are now lurking short term on the long side.

Here in Germany lots of superb companies that are on my WL for over 24 month or even longer are now coming back to levels where i´m getting interested.

Even for longer term

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