with Oli | Strategies

« Citibank … market’s misinterpretation?
Still stuck … »

Bear market structure …

If you want to see a real bear market structure …

Today we had a perfect example in the US market:

Ahead of the open … NEWS … at first sight positive, but a non-event … today we had the Citibank “news” and the Mortgage applications.

WHY? To start selling from a higher level …

After that … SELLING ALL DAY LONG …

Then … a rebound towards the close … :) WHY?

Creating hope for a turn around tomorrow and … A BETTER LEVEL TO KEEP SELLING!!!

This is another sign, that the market has NOT seen the bottom …

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This entry was posted on Mittwoch, April 9th, 2008 at 21:50 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Bear market structure …”

  1. NOR Says:
    April 10th, 2008 at 18:25

    Well, its up 120 today.
    Rally on what kind of news?
    Nothing?

  2. Oli Says:
    April 10th, 2008 at 23:04

    They find and/or invent reasons to keep the balloon in the air :)

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