How long will it be sustainable?
How long???
EVERY SINGLE DATA (hard fact) is MONSTERNEGATIVE … only sentiment holds us up …
Every day we wait for figures … with very LOW expectations already …
Every day we even get more bearish figures … and still the market holds or even squeezes.
Will we pay for that one day? Will we face our crash, when all the shorts are closed and still bad numbers come in?
IMHO … the equity market is STILL in absolute(!!!) DENIAL of the situation!
As you know, I trade this market … purely technical approach … as fundamentals … as we see EVERY DAY … have ZERO impact 
But as we know … a market can’t trade forever against the fundamentals …
So … yes, we are down a lot from the highs … yes … everybody might be too bearish sometimes …
BUT … WHAT, IF WE KEEP RECEIVING BAD NUMBERS???
At the moment most of the figures make MULTI-YEAR-LOWS or have RECORD DROPS …
only inflation numbers surprise on the upside …
BUT!!!
WHERE ARE THE MULTI-YEAR-LOWS for equities???
So enjoy the rallye and try, not to get caught on it …
THE BEST CASE IMHO … is a sideways market for a decent time …
März 25th, 2008 at 23:14
I am short the DOW as of March 25th close. I expect a down swing tomorrow to test 12286.
März 25th, 2008 at 23:36
Good luck to both of us … as I happen to be short the Dow’s German nervous little brother
März 26th, 2008 at 22:22
THE BEST CASE IMHO … is a sideways market for a decent time …
I read an article with an eye-catching title this morning on moneynews.com. Something about a guy who actually believes in DOW 20,000 in 12 Months (!)
Well, talk about whistling past the graveyard, eh? lol
http://www.moneynews.com/money/archives/st/2008/3/25/170814.cfm?s=st
März 27th, 2008 at 00:19
I believe in God … the market I just analize and trade it … no room for this … if he is wrong, nobody remembers … if he is right … he will live forever on this one-time-call
Hopefully the market moves some thousand points … I don’t care about the direction