Comments on: Shorts Back Away, Letting Stocks Fall http://www.rickackerman.com/2009/06/shorts-back-away-letting-stocks-fall/ Trading Newsletter for Gold, Silver, Stocks and Mini Indexes Mon, 13 Feb 2012 11:15:09 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Keith http://www.rickackerman.com/2009/06/shorts-back-away-letting-stocks-fall/comment-page-1/#comment-1456 Keith Sat, 27 Jun 2009 15:34:54 +0000 http://www.rickackerman.com/?p=7356#comment-1456 It's interesting that you say bear market rallies are owed to the shorts. I remember reading Armstrong who said that rule # one is to never ban short selling. At the bottom of markets the shorts are the only buyers creating what looks like a recovery. This can morph into a true recovery. The point was that bulls are too timid to bid the market up at the bottom. They would just leave it sit there for a long time. &&&& <em>Just so, Keith. Mere bulls are never buying so urgently as bears squeezed by margin calls.</em> <strong>RA</strong> It’s interesting that you say bear market rallies are owed to the shorts. I remember reading Armstrong who said that rule # one is to never ban short selling. At the bottom of markets the shorts are the only buyers creating what looks like a recovery. This can morph into a true recovery. The point was that bulls are too timid to bid the market up at the bottom. They would just leave it sit there for a long time.

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Just so, Keith. Mere bulls are never buying so urgently as bears squeezed by margin calls. RA

]]> By: Rich http://www.rickackerman.com/2009/06/shorts-back-away-letting-stocks-fall/comment-page-1/#comment-1405 Rich Tue, 23 Jun 2009 16:15:15 +0000 http://www.rickackerman.com/?p=7356#comment-1405 Appreciate your clear cut market commentary Rick. Gold peaked so far at 989.90 on Wednesday June 3rd and dipped below the 50 dma at 925.26, to 899.50 and 200 dma at 870.74. Could gold go lower? YesCherie. GS peaked so far at 151.17 on Friday June 5th, approaching 50 dma at 135.24, with high pole warning 188 PnF. Those who read JubileeProsperity.com post on Russian debt default deflation know bank ATMs can stop working, a currency can drop 75% and a market can drop 95% in a surprisingly short time. There is some small hope: Gartman denied calling Buffett an idiot for "inexcusable losses" and BRK/A just entered our Buy Zone above 70,100 along with another defensive company, WMT>40.73 with a 59 PnF target... Beaux Regards*Rich http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3251493 Appreciate your clear cut market commentary Rick.
Gold peaked so far at 989.90 on Wednesday June 3rd and dipped below the 50 dma at 925.26, to 899.50 and 200 dma at 870.74.
Could gold go lower? YesCherie.
GS peaked so far at 151.17 on Friday June 5th, approaching 50 dma at 135.24, with high pole warning 188 PnF.
Those who read JubileeProsperity.com post on Russian debt default deflation know bank ATMs can stop working, a currency can drop 75% and a market can drop 95% in a surprisingly short time.
There is some small hope: Gartman denied calling Buffett an idiot for “inexcusable losses” and BRK/A just entered our Buy Zone above 70,100 along with another defensive company, WMT>40.73 with a 59 PnF target…
Beaux Regards*Rich
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3251493

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