Wednesday 23 March 2016

EVERYBODY IS BULLISH

In good times, Prepare for BAD times. DOW's rebound from Feb 11th has sign of Ending.

I will rather take this defensive view now n relook 1 to 2 weeks later to gauge
the strength of the mkt.
This rebound on CI stocks only, gave us the good times. 
We could be at the very tailend of this wonderful rebound of DOW from low of
Feb 11th. I always asked, what happens after REBOUND ? 

BUYING now could be helping others to get out of mkt. 
The better prices could disappear fast n r gone for a long time.
Somebody will shout, lull before the storm. I'm afraid. 
In the US, there is only 1 buyer in DOW stocks: share buy back, to fatten the ceo's pockets.

1 by 1 the mkt favourite stocks r going down below n stay under the daily SMA 200 = big purebear. 
Many followers will start scolding their 'sifu' again. Face it. it's Very tough to
handle downtrend that seems No hope , No U turn as yet. 

I love this: Amore said, "You don’t need to be logical all the time. That’s not
how markets work. So you need to handle the emotion of markets and human beings by reading price action on the charts."

More here:
http://klse.i3investor.com/servlets/forum/900000315.jsp?fp=2 

8 comments:

  1. [4/2/2016 9:41:11 PM]
    DOW is very close to daily MACD DC. the last part has to be very strong then only the selling will start.
    Closing < 17605 could mean DOW shall reach its peak.
    n next gap down at open that stay will confirm it.

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  3. When are you coming back Purebull? I miss the discussion and your article..

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  4. Purebull
    when are you coming back... waiting for your write ups

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  5. Happy new year Purebull~! When are you coming back? Kinda miss you write up

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