Wednesday, August 27, 2008

Trap Set For The Bears?



Folks, we gonna go higher tomorrow, possibly massively higher.

There are way too many contrarian signals showing up now.

0) We are short term oversold.

1) Bear blogs back in style, popping up like chiapets.

2) Some bull blogs are shuttin down.

3) Our bastid uncle and auntie are up huge lately, even when the market is down. This, i think, is very significant.

4) The 4th year of the Presidential Cycle is typically a big rally into year end. It could be argued that this administration may be the most manipulative one we have in all of American history. If they want an year end rally, they can certainly make that happen.

5) Lots of bulls have become bears. Probably just about anyone who is ever gonna be a bear, has already become one.

6) Timmay Bear, and other bears of course, just loaded up on (109?) short positions, on LOW VOLUME dipping days. This is a bear trap. Classic contrarian signal?

7) Housing may have finally bottomed, as indicated by the numbers.



#0, #3, #6 supports short term rise, and the rest supports a year end rally. Put in the symbol QQQQ to find out where it's going.


What the bears have been doing to us: