Bear Market Rally Is Over

October 31st, 2009

Whether you believe it or not the Bear market rally of 2009 is OVER. Case in point on the daily chart of the NASDAQ below. As you can see in BLUE, each time we sold off and then resumed the rally the pace was steadily higher. With yesterdays huge sell off that capped off an amazing week for us Bearz; the trend was clearly broken. See RED area.

 

Needless to say, we ALERTED everyone that we were going SHORT last FRIDAY (here’s the post link). So in that short time period Members and I have made a KILLING!

 

NASDAQ

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