Bounce, Test, Bounce, Crash

The technical damage done this week was substantial, but as I mentioned last night on Kudlow, we are near support.

I’ll expand upon this later, but I can envision a bounce off of these
lows, a reflex rally that runs on decreasing breadth and volume for a
few days to a week or so, then a retest — and failure — to new lows
in June.

That gets us oversold enough for a stronger bounce for a month or so (July? August?) and then the denouement into September and October.

This is just a guess, and I’ll try to get more details and intelligent projections later this week, but that’s my expectations.

Your mileage may vary  . . .

Category: Investing, Markets, Psychology, Technical Analysis, Trading

Media Appearance: Kudlow & Company (5/17/06)

Category: Media

They Do Ring a Bell

Category: Economy, Investing, Markets, Psychology, Technical Analysis

Those Damn Tax Cuts . . .

Category: Markets

Inflation? What Inflation?

Category: Inflation, Markets, Trading

YTD Index Performance

Category: Investing, Markets, Trading

Google Maps/ mashup: Weathermole

Category: Science, Technology, Web/Tech, Weblogs

What if Housing Hare Becomes a Tortoise?

Category: Commodities, Markets, Psychology, Real Estate

QQQQs follow up

Category: Trading

Amazing, isn’t it?

Category: Commodities, Consumer Spending, Earnings, Economy, Inflation, Investing, Markets