Tuesday, September 16, 2008

A pair of 2b's

The market topped in May with a 2b reversal. Now it looks like it's bottomed with that exact same 2b reversal. As I pointed out in yesterdays update we were setting up for an intermediate term bounce as panic selling was starting to show up almost everywhere.

It's time to get long for another bear market rally in my opinion. Actually it's "normal" for the market to rise into a presidential election.

I'll have more in tonights update.