Markets Timing - DJIA 13,365 up+6 no chart.
The charts indicate that this DJIA looking lower, but is being held up
by all the Fed.injection of bullions into the banks. The bearish p&f chart
are on their way to falling on their faces. Take a look at the Phili.Banking
Index you will be horrified at the pattern. It's about to collapse.
As I have mention many times, the US is heading for a recession and
on the home front, home prices are dropping by the day.
Mark your calendars for the trend change on Jan.5th, my bet lower.
Also, window dressing is driving rising stocks higher, and the falling,
lower due to, short selling, tax loss selling, fund mgrs.selling, and so on.
This will change swiftly after the first week, so watch that Jan.5th which is
a Sat.so move on to Mon.the 7th.
Advisors Sentiment.
Dec.19th. Bulls increased to 56.5% from 53.3%, week before.
Bears fell to 22.4% down from 25.6%, the previous week.
Dec.26th. Bulls slipped back to 54.9% from 56.3%, week before.
Bears rose to 23.1% from 22.2%, week before.
Quote.
"The Advisors have been unable to react to the speed of the mkt.swings,
first on the downside at the last publication date & now the strong rally that
ended trading Dec.21st. The current Bulls slipped to 54.9% after they moved
up to 56.3% last time.
Traders jump in with both feet when things look good & there are triple digit
gains for the DJIA. Just as quickly, triple digit losses occur when the news
is bad" Dec.26th.
Figs.c/o Investors Intelligence at www.investorsintelligence.com
Charlton Capital ltd. Mr.618.
"Happy New Year" C-U next year in 2008.