Bull Market Dead! Now What?

[stephentroughton]

Hi Christian... just thought i'd say thanks and keep up the good work. I'm following from the UK and spreading the word about PSA. Wondered if you could throw a FTSE stock in your updates once in a while. Steve

[PSAadmin]

@stephentroughton Thank you for the support!

[karenbcz22]

Christian,

I'm thinking we get a "bounce" after the holiday.

Did you get my previous msg? Your website is not functioning properly.

[PSAadmin]

@karenbcz22 delete yoru temporary internet files and browser cookies

[achalmers]

Just bought Jan. 2011 puts on QQQQ at the $33 strike. If the NASDAQ starts going up I'll average in. But this thing is looking UGLY!!!

[karenbcz22]

Something's wrong with your website.

Top part says: Notice: use of undefined constant AEC_ERROR_UNAME

and some other stuff.

[PSAadmin]

@karenbcz22 delete yoru temporary internet files and browser cookies.

[ivangrozny27]

unfortunately i sold around the June bounce (wish id known about PSA then) but the last week or so has been great and practically all my sells are back on track.

[PSAadmin]

@ivangrozny27 Glad to have you with us now!

[bohemianh]

I'm buying for a short rally end of week, overall I think the market is heading very low. Bounce must be in works. For the fall elections I think they will push market up for obamo, just like they sank it for Bush to destroy McCain (not that McCain didn't do a great job of throwing in the towel himself)

[cosmicguerilla1]

good advice ,

cheers

[PSAadmin]

@cosmicguerilla1 Thank you.

[buffett1000]

In cidentally..obviously we started crashing at FTSE 5800, but you get my meaning.

I enjoy your analysis and have spread it wide throughout the UK !

[PSAadmin]

@buffett1000 Thank you, we have noteiced a large increase from the UK.

[BayFlow408]

Im thinking S&P below 1000, SPY <100 or a hammer/bull hangman to create an upswing support technically. what do you think?

[PSAadmin]

@BayFlow408 I'll just have to watch the chart, if I start projecting too much, I'll start seeing things that are not there... don't want that.

[buffett1000]

Everyone is expecting an imminent crash PSA, which probably means the markets will rally for a while, perhaps a couple of weeks at max...so I agree entirely. Lets see these markets over the US reporting season rally until I reckon about Monday 26th July. THEN we can starting crashing.

[PSAadmin]

@buffett1000 I agree we could see a bounce from second quarter earnings... we have an article coming out on Friday in our blog about what we see for the second quarter earnings and what it means for the market.

[evergreensing]

Man , you have really been dead on in your analysis !

[PSAadmin]

@evergreensing Thank you.

[SilverDude7890]

Thank you. You are doing such a good job.

[PSAadmin]

@SilverDude7890 Thank you, when can I take a vacation? LOL

[Lockemeister]

some real analysis going on here folks. Dead on!

[PSAadmin]

@Lockemeister Thank you.

[jonvssocrates]

Crazy days! I thought for SURE that we would get a bounce after that huge sell off on tuesday. Bad sign we didn't.

Great videos!

[PSAadmin]

@jonvssocrates The longer the down trend goes, the smaller and fewer the bounces will be.

[vascoeagles]

Many of your videos you point out the Slow Stoch which now appears to be oversold. Would you recommend holding cash right now and waiting till it goes back up to start shorting?

[PSAadmin]

@vascoeagles There are still several companies out there with overbought stoch signals.

[TheEarthGerm]

seriously Dude, I owe you a steak dinner. Can I send you a gift card to Outback or something? You've helped me confirm a lot of my analysis regarding the markets and my confidence is growing thanks to your videos and website. Youve helped me make a nice chunk of cash.

[PSAadmin]

@TheEarthGerm That's all the thanks I need man! Thank you very much for the positive feedback!!

[Cyrus992]

The markets probobly might fall a day or two.. but remember since its below the

"neck-line" it might rise back up.. not to mention the fact that the markets don't crash highly during the summer... What do you all think?

[OldMrGrace]

@Cyrus992 Errr, what happened in Summer 2008 then?

[PSAadmin]

@Cyrus992 What happened in 1930's?

[Cyrus992]

@PSAadmin It was DEAD... Why do you ask that??

[OldMrGrace]

@Cyrus992 I'm not sure which chart you are looking at. In 2008 the Dow fell from about 13200 at the end of May to about 7800 at the end of September. Those dates encompass "summer" to me, though I am in the south-east of the country where summer is a long season. I take your point though, that summer isn't the traditional time of year for a meltdown.

[Cyrus992]

@OldMrGrace I understand your point... but the Dow back in 2008 STARTED TO CRASH in September/Late August...This also happened in 2000, 2001, and other years... 

[goldwing25]

You're Calling it like it is, day in and day out! Great work!

[PSAadmin]

@goldwing25 Thanks man!

[beerandgolf68]

My closets are almost full of money now. What do I do for this storage problem that you've created for me? : )

[PSAadmin]

@beerandgolf68 LOL

[OldMrGrace]

@beerandgolf68 I'll be round with the truck later on!

[goldwing25]

@OldMrGrace I'll store it fer ya!

[ericleongky]

Hi, Is a down market,why u guys still buying & not shorting the market?

[PSAadmin]

@ericleongky You better watch the video again, we are not buying - we are shorting.

[NOTELLINGPHILLY]

@PSAadmin Tell him again we SHORTING!!!!!! Better go back and watch the last month of videos.......

[jabberwocky1969]

@ericleongky Bounces shall be shorted!

[stealthcupcake]

I just opened an account with a big online individual trading site and bought 9 shares of DOG today.

[Cyrus992]

@stealthcupcake Wow.. your equtiy rose in the past few months.. You probobly might see some gains.. in a few months again!!