Wednesday, September 17, 2008

Down. Definitely Down.

The S&P 500 index has set a new bear market low in each of the last three days. Or, in plain English: "The market is going down." That's really all I can say right now, because few of the other market indicators are giving me any guidance. I've got no trend lines to work with, no clear volume information, mostly neutral sentiment indicators ... I've got nothing! This means that I can't anticipate how much longer this downward leg will continue, and it will make it more difficult to identify the beginning of the next rally when it arrives.

Oh well. We're in a bear market, and for now my SDS position is very sparkly.

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