Thursday, January 8, 2009

A Real Bull?

The low in the S&P 500 was November 20, 2008.

752.44

Since then we have seen higher highs and lower lows.
8 more trading days and the bull will be two months old.

Trading patterns are different.
Remember when the market would go down 300 points for days at a time and then go up 900? That was a rally in a bear market.

Now we are seeing the opposite.
The market goes up gradually and then there is a big selloff.
Yesterday Jan. 7 was a big selloff. These are bull market selloffs.
The trend is up. The year should be up. The bull should have legs.

Is it safe again to buy the dips?
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4 comments:

  1. bix1951January 10, 2009 at 9:21 AM

    1/10/09
    Things are looking very bearish today.

    ReplyDelete
  2. bix1951January 14, 2009 at 7:58 AM

    Another bear scare today
    And we get down to 840 in the S&P 500 which is correction territory.
    Will it hold there?
    Will it bounce off of 840?
    Or is this a new bear?
    Will we go down and make a new low?
    I favor the bounce.
    Bur I have been wrong so many times.

    ReplyDelete
  3. bix1951January 14, 2009 at 2:32 PM

    It held so far.
    Above 840
    That is a good sign

    ReplyDelete
  4. bix1951January 15, 2009 at 4:24 PM

    Today was very scary
    But the S&P 500 held up and closed above 843.

    This could be a higher low on the way to higher hihs.

    In my reckoning the bull is running still.

    ReplyDelete