Monday, October 5, 2009

Back From Vacation

I've spent last two weeks recuperating on Antilles. Now I'm back in full force. Can anything kill this buying panic? There is support for it from sentiment reading: people are still mostly bearish. Technicals are telling me nothing, with a small exception: we are about to see downtrend line running from November 2007 cross uptrend line started in March. Fundamentals are bad and not getting better.

Earning season is upon us, as well. Let's see. As Todd Harrison says, reaction to the news is more important than news itself.

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