In follow up to my recent post on
"How to catch a "falling
star?", Don Wilson
of DONS FUNS fame has just issued a Bear Market warning, which in a nutshell
reads:
"The market is severely oversold so we should see a rally in the
next few days. This rally may or may not be a profitable
rally.
The main thing to remember is the first "sustainable" rally after
the bear market is over is the most profitable rally for the next 4 to six
years, you don't want to miss it. I said "sustainable"
rally, it will normally take a few head fakes or false starts before we see
the "sustainable" rally. So you say how will I know when this sustainable
rally arrives? You or me or no one on the planet will know when it arrives. We
must depend on the Managed Risk Investing Signals " (i.e. Technical
Analysis).
Again, any indicator that might
aid in foretelling this move will be appreciated by
all!
Dick H