Saturday, March 28, 2009

Still no bottom

I still don't think this is a bottom. Although our system has clearly marked the BUY signal on this turn, it hasn't confirm such a signal yet. I especulate that a reach of the 8000 level (dow) is achiavable without a complet confirmation on the move.

How could it be? Our fundamentals have not improved in either banking, housing health care, employment or anything else for that matter (well the presses got some more oil - that is about all the improvement. Sure the constant injection of cash into the system will create an ilussion for the time being, but we will also pay for that in later time. Don't be fool - there is no logical reason for anything close to a bottom - NOT Yet anyways.

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