Friday, November 28, 2008

No bull yet


Obama 401k withdrawal economy during the 2009 economic cycle as we don't hear any real economic growth plan other than infrastructure which is just spending more money. It is nonsensical to pump in more money into system without real economic growth. Economic growth can't skip economic cycles as we have now over supply - e.g. housing.

I am waiting for market pull back even though markets flip-flop to bullish. Intraday charts are all showing negative divergences and bull/bear battle will be during the next week with Black Friday sales data.

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