Submitted by Nameless Hero on Thu, 05/06/2010 - 08:53

The trend model shows bottoming signal of quite a few of stocks and commodities are poised to a bounce such as SLV, USO, OIL, GOOG, BAC, C...etc.  You name it.  This would be a wave B play and the trade should be quick and profitable and required tight stops.  This is a low risk setup for short term bounce play, not a real rally.

Bounce could have completed.

Submitted by Nameless Hero on Thu, 05/13/2010 - 12:17.

Please refer to the Stock Market Trend post, as expected, yesterday was the top for the bounce and today could be the day the market starts to complete the correction.

Just want to add, today the

Submitted by Nameless Hero on Fri, 05/07/2010 - 10:09.

Just want to add, today the bank sector shows bottoming.  If the model projects correctly, this would be a perfect bounce play.  Citigroup (C) and Bank of America (BAC) looks good.  Also Google (GOOG), Teck Resources (TCK) looks good for short term play.

Model shows silver is at its

Submitted by Nameless Hero on Thu, 05/06/2010 - 15:56.

Model shows silver is at its bottom and bargain price.  if gold leads the precious market and you missed the train, silver would be a perfect second choice.

Obviously no bounce play

Submitted by Nameless Hero on Thu, 05/06/2010 - 11:14.

 

Obviously no bounce play today.  DOW slipped down over 900 points and come back 500 points almost immediately.  But don't be fooled by this bounce back, the overall trend is down.  Today could be a signal of disasters coming in the near term.  If I were China government, I will take this opportunity to unload huge lot of bonds with the super overvalued USD and buy into commodities.  Let's see how this unfold.