Quote:
Originally Posted by Z400Central
The past few days have been nice for the market. We'll see if things can hold!
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Been nice, bounced off support. Nearing an upper trend line, we'll see what happens when it gets there and it's close now. That'll be the real test.
The thing I don't like about this rally is that it looks like a bear market rally. Bear market rallies typically go straight up as everyone and his brother covers shorts, etc, and then you go back to selling the rally and you trend down. Bear market rallies are as sharp to the upside as Bull market dips are to the downside.
Time will always tell .. but it's always too late by then.
Edit, yahoo story worth reading ...
US Home Prices Drop 11.4 Pct in January, Worst in 20 years.