Last Bear Capitulates (see link) and Market Will Now Dive. . . .
by "BuffettHater@[EMAIL PROTECTED]
" <BuffettHater@[EMAIL PROTECTED]
>
May 7, 2008 at 02:28 PM
Bill Cara, a permabear just caved and gave his followers (if there
are any left) an outright buy signal based on the dow theory
(which told us to sell and live in the woods just a few month
back, lol) election year and strong international demand.
http://community.tradeking.com/members/will-profit/blogs/8455-dow-14-000-by-bill-cara-at-seeking-alpha
I will use this as my official reason to go bear and short the XLF
and QQQ.
Happy trading, dow run higher is over now and we will blow thru
the lows on the downside. Yes, oil is headed to $300. WMT
has been giving a nasty signal during this counter rally, now we
know why.