The worst is behind us

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The worst is behind us

February 25, 2008

Pradeep Bonde

Market Monitor: Bearish

* The market continues to be volatile and rallies are still finding it difficult to break out of range.
* However the intense selling pressure phase is over. Market Monitor readings have shown steady improvements.
* Most probably we are putting in a bottom. Market may not immediately start rallying, but most of the weakness is behind us.
* The McClellan Summation Index is also confirming the same.
* The worst is most probably behind us.

6 comments:

Celal Birader said...: Is the worst really behind us ?Under these market conditions, wouldn't any kind of rally be a 'sucker's rally' ?; Feb 25, 2008, 10:10:00 AM
Unknown said...: Just curious what time frame you're looking at Pradeep? Anything is possible, but I can't see another bull starting here. A moderate rally - yes, maybe I can see that. It seems like there are too few new leaders and nice charts to set off a major run. We haven't gone down enough or for long enough a period of time to have a huge bull run where money is easy to make. Just my opinion. What do you think?; Feb 25, 2008, 4:08:00 PM
Pradeep Bonde said...: My indicators are all showing strength since last one week. New leadership is emerging and if you look at the breakout list in last 2-3 weeks, there is new blood on the move.; Feb 25, 2008, 8:05:00 PM
Celal Birader said...: Pradeep .. I think your investing time frame is much shorter than mine (intraday only?). I don't know; but, heck i've made money from your advice (i.e sold short on solar stocks back in Jan and made a tidy profit--thks!) and that's why i've subscribed to your service. Take care and keep up the good work.; Feb 26, 2008, 8:51:00 AM
Anonymous said...: IBD said confirmed rally too, but we need a follow through, doesn't look like we're going to get it today; Feb 26, 2008, 11:01:00 AM
Ritholtz said...: D'oh!; Feb 29, 2008, 3:24:00 PM

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