Thursday, February 19, 2009

State of Depression or NOT

Markets are trading at pivotal juncture. Premarket is positive; but, as of now, traders are IMMEDIATELY fading the market as usual.

Let's see - we need to see new buying - whether markets can stay firm and strong into close.

Sooner or later, we will see buying and short covering rallies... Then markets will rocket up. Markets are at pivotal junctures with VERY bearish sentiment. So far, power money is loving to watch the rest bleeding -- pounding on "Go into Depression!" which is a quite oxymoronic state.

DOW dog with only 30 stocks was leading the rest of indices to downside -- and it happens to coincide when CNBC was listing the DOW 30 extra-hous quotes.

Falling into Depression or Not, pivotal juncture. Many are indifferent or secretly wish for depression -- sitting on cash or on short -- disgusted, refusing to waste time to see where the market bottom is.

Bear money sleeping and growing since 2007 on selective sectors and in 2008 indiscriminative shorting. Nothing changed ~ it is oxymoron state of the 2004-2008 R.E., derivative manipulation, and the fortune making of the decade old wolves' blue-print.

No comments:

Post a Comment