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Why I think we could get a strong 2 - 6 week rally into and beyond earnings season

Started this discussion. Last reply by Steven Vincent Jul 13, 2010. 7 Replies 0 Likes

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Bruce Matthews replied to the discussion 'The Bull is Too Young to Die!'

Hi Michael, I don't have data for the DJ going back to the early 1930's but we have a good surrogate in the deflationary collapse of the Nikkei 225 in Japan which started in 1989 - 90 and is still ongoing in my opinion. Maybe comparison…

Jul 21, 2010

Steven Vincent replied to the discussion 'Why I think we could get a strong 2 - 6 week rally into and beyond earnings season'

Generally it is thought that market professionals make their moves in the last hour of trade and "dumb money" does its thing in the first hour. I'm not sure how true that is but it's a long held market belief.

Jul 13, 2010

Michael J. Sykes replied to the discussion 'Why I think we could get a strong 2 - 6 week rally into and beyond earnings season'

I've noticed a pattern of strength during the last hour of trading for the last 5 or so sessions, which seems bullish.

Jul 12, 2010

Steven Vincent replied to the discussion 'Why I think we could get a strong 2 - 6 week rally into and beyond earnings season'

Certainly we have been seeing some short covering and probably will continue to see it for a couple of weeks as the bears got too overconfident and a lot of weak, late, dumb money got sucked in by the bear cross and head and shoulders events.…

Jul 11, 2010

Steven Vincent replied to the discussion 'Why I think we could get a strong 2 - 6 week rally into and beyond earnings season'

In this weeks report I indicate that the Euro will probably make a test of the 200 EMA but a retracement to the 50 EMA will probably happen first, at which point I am a buyer for a trade to 1.3060.

Jul 11, 2010

Steven Vincent replied to the discussion 'Why I think we could get a strong 2 - 6 week rally into and beyond earnings season'

I noted the important bullish divergences between the SPX and many other world indices in the last report. I am particularly interested in India and Korea which are close to breaking out to new highs. Should they do so it may have bullish…

Jul 11, 2010

Steven Vincent replied to the discussion 'Why I think we could get a strong 2 - 6 week rally into and beyond earnings season'

Regarding the bear cross, I noted in the last BB Weekend Report that the cross is frequently the site of a rally if a deep decline has preceded it and indeed that has been the case this time. It was particularly likely given the extreme focus given…

Jul 11, 2010

Steven Vincent replied to the discussion 'Why I think we could get a strong 2 - 6 week rally into and beyond earnings season'

Hi Bruce. Thanks for your post. In the future you may want to post in the Discussion Forum within the BBT room rather than here at the general site Forum. http://www.thebullbear.com/group/bullbeartradingservice/forum Indeed for the most part JNK…

Jul 11, 2010

Why I think we could get a strong 2 - 6 week rally into and beyond earnings season

Hi Steve and all other BullBear traders. I have just been watching the your latest video update 08 July (like the format) and I have some additional comments / observations that lead me to believe that the current rally off of the July 6th lows will be more powerful than many traders expect and could result in a strong 2 - 6 week rally into and beyond earnings season. Firstly, 'canarys in the coal mine' the junk bond ETF's JNK and HYG after dipping below their 200 dma's for 2 months are now…See More

Discussion posted by Bruce Matthews Jul 9, 2010

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Bruce Matthews is now a member of BullBear Trading: Stock and Financial Market Technical Analysis May 24, 2010

Welcome Them!