posted on
Aug 08, 2011 03:16PM

Welcome To the Stock Synergy, Momentum & Breakout HUB On AGORACOM
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Message: Re: Klaus -Kim
Just walked her, but it didn't do any good. If my real doggie walk didn't work, I don't think your pretend dog will help - but you're more than welcome to try, lol!
As a matter of fact, nothing is working - trendlines, supports, indicators - nothing. Even the gold stocks have given up earlier gains. Kinda feels like the 08 crash, but without a real crisis. No Bear Stearns, no Lehman, no AIG, no Libor issues, just the regular stuff the market's been ignoring for the last 3 years. Markets acting just like 08 with one exception - back then, gold went down along with the market, so right now, it's not a liquidity problem. Just appears to be a sentiment problem - big time fear trade.
My indicator still hasn't turned up, so I still can't call the bottom. The rebound could easily start today - they always seem to start at 2 or 3 o'clock. Regardless, I'm not selling anything until we get a rebound.
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