Comments on: Reasons Why This Is An Intermediate Bottom

by: Sentiment Overview: Week Of May 30th, 2008

Wed, 04 Jun 2008 06:22:47 +0000

[…] I continue to see a lot of long term positives for the market and continue to believe the March bottom to be a major one. What I suspect we are seeing is a (hopefully) shallow pull back or pause before the next leg up. […]

by: Sentiment Overview: Week Of May 16th, 2008

Sat, 17 May 2008 21:34:33 +0000

[…] Slicing and dicing the newsletters, Hulber finds that the stock market newsletters with the best track record of timing the market are continuing to be bullish, while those that have lagged buy and hold are much less so. This gap in sentiment and performance has, however, significantly diminished from mid-March - when the market hit its inflection point. […]

by: (Yet) Another Lowry’s 90-90 Up Day

Wed, 02 Apr 2008 04:26:35 +0000

[…] I also cited 90-90 days when I stuck my neck out on March 12th, 2008 and in the face of all the doom and gloom being plied elsewhere, argued that we were seeing an intermediate bottom form. […]

by: Question From Reader: Why Not Follow The Trend ?

Fri, 28 Mar 2008 01:35:33 +0000

[…] But today we are seeing the opposite. We already know that sentiment is absolutely horrible with the complete spectrum of market participants disgusted with the current market. We already know that people are afraid due to the put call spike we saw and we know that the market reached “washed-out” levels of oversold. […]

by: Evidence-Based Technical Analysis by David Aronson

Wed, 19 Mar 2008 05:34:59 +0000

[…] In mentioning a few reasons why we were seeing an intermediate bottom, I wrote last week, after Tuesday’s 90-90 day (March 12th, 2008): The best scenario for the bulls would be another extremely strong day which would be as or even more lopsided than yesterday’s. If we get that within a reasonable time, like a week or two, the chances of a solid bottom increases exponentially. […]

by: Scoad

Wed, 19 Mar 2008 02:37:29 +0000

There’s your 90/90 day Babak now maybe you won’t need that installment loan- best yet its an FTD for last Tues, for which it seems there’s a little dissention as to whether that was a 90/90 day but whatever, it was a goodun by any standard.
So now the 6 trillion $ question- does it work or are there too many wiseguys doing tradestation in their pajamas for even this to work?

by: Babak

Tue, 18 Mar 2008 06:00:36 +0000

Dr. Duru,
I used the label intermediate because of the indicators I’m watching. Long term would indicate a secular bull market. Although there are some indicators for such things, these aren’t it - they are too short term for that. And I didn’t call it short term because there are so many indicators and so many of them showing such extremes that it can’t just be foreshadowing a “blip” up.

by: Tim

Sun, 16 Mar 2008 21:31:15 +0000

There is no new leadership emerging and the up day was only 1 day. Until new leadership emerges, rallies will most likely be weak.

by: Dr. Duru

Sun, 16 Mar 2008 03:20:37 +0000

Could you clarify why you are tagging the currnet action as an intermediate bottom as opposed to a short-term or long-term bottom? You didn’t even use the term “intermediate” in the post besides in the title…

by: Jagmohan Swain

Fri, 14 Mar 2008 21:35:06 +0000

IBES valuation model is fine in a secular bull market when stocks are recovering from low valuations.That phase is gone now.Fed is trying hard to reverse the business cycle and that only makes matters messier not better.Why can’t Fed just keep it’s hands off and let the natual ebb and flow of economic forces take over.Nevertheless I happen to be bullish here and looking for a capitulation event before going long.I think the rest of the year is going to be quite positive.Booyah!!