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IBDvalueinvestin (98.48)

Everybody went bearish on Friday,



January 31, 2009 – Comments (1)

because the economy suffered its biggest blow Ever in January.

The S&P 500 had its worst performance in January since its inception 81 years ago.

even permabulls on the fool like eps100 quit the market.

Here is Matt Stiles blog on the S&P 500 performance, and his call for further declines

1 Comments – Post Your Own

#1) On January 31, 2009 at 10:58 PM, IBDvalueinvestin (98.48) wrote:

Re-Test of 7,500 DJIA now a certainty.

January 20, 2009 – Comments (8) | ADD RELATED TICKERS

Only question is how fast will it occur. We are only 500 points away from the re-test now.

The Nov. 21, 2008 low is now the benchmark, if that benchmark falls, then a new lower benchmark must take its place . Possibly 7,000 DJIA

Will Nov. 21 Lows "HOLD" I am worried now that what many hope is a buying chance

January 14, 2009 – Comments (5) | ADD RELATED TICKERS

of a lifetime at 7,500 djia may not hold and go to 7,000 and in the process crush those that buy at 7,500

Now only 670 points from Nov. 21 lows.

Its gaining momentum to the downside. A week ago I would have said no way in hell will it re-test lows. Now its not a matter of if it will re-test but will the old lows hold.

Can't believe it, only 700 pts away from Nov. 21st lows

January 14, 2009 – Comments (14) | ADD RELATED TICKERS

We have wiped out all the gains that took 7 weeks to build in 1 1/2 weeks.

 I just hate myself for buying into the fake rally.

Only 800 pts from retesting lows of Nov. 21

January 13, 2009 – Comments (0) | ADD RELATED TICKERS

Market is down -900 on DJIA in just 7 days. Either we are oversold short-term or we are heading to re-test of lows. Either way I am out of the market. Watching the action and waiting for opportunity.

Wow we are only -900 pts from re-testing Nov. 21 lows.

January 12, 2009 – Comments (5) | ADD RELATED TICKERS

so in a matter of 1 1/2 weeks we could have eliminated 2 months worth of gains.

How come its so much easier to lose gains than it is to make gains??

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