Why you should not listen to the perma bears | stockbee


Why you should not listen to the perma bears

If you remember this very old post of Monday, February 25, 2008, the Market Monitor indicated a bottom in February and since then the market has continued to act as per script.

In the long run Methods Trump Markets.

February 25, 2008

The worst is behind us

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.

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