madfcstr's Account Talk

**madfcstr** · 02-19-2009, 05:09 PM

Don't have a good feel for the next market "bottom" and possible buy opportunities. Any thoughts?

**XL-entLady** · 02-19-2009, 05:44 PM

Originally Posted by madfcstr

Don't have a good feel for the next market "bottom" and possible buy opportunities. Any thoughts?

Wish I could help, but I think I'm going to know where the bottom is when I look back and say, "Yep, that was the bottom!"

Welcome to the MB!

Lady

**Corepuncher** · 02-19-2009, 05:47 PM

Originally Posted by madfcstr

Don't have a good feel for the next market "bottom" and possible buy opportunities. Any thoughts?

Get up off your chair and you will find the bottom. Hope that helped.

**tsptalk** · 02-19-2009, 05:55 PM

Originally Posted by madfcstr

Don't have a good feel for the next market "bottom" and possible buy opportunities. Any thoughts?

Welcome madfcstar! Watch CNBC... they find a bottom every other week.

**steveg** · 02-19-2009, 06:06 PM

My relatively uneducated, uninformed guess is that the bottom will occur when virtually EVERYONE finally jumps onboard to say that the bottom is nowhere in sight. To me, that -- paradoxically -- means that we have "hit bottom." As long as we still have positive sentiment lingering, then there are still too many "buyers" lurking. When virtually NO ONE OUT THERE thinks it is a good time to buy (taking a general "long" position), it would seem to me that THEN is the time we've truly hit bottom, and that the only place to go is up.

Steve

**350zCommTech** · 02-19-2009, 06:08 PM

Welcome madfsctr.

**tsptalk** · 02-19-2009, 06:11 PM

Here's some info on the autotracker madfcstr ... http://www.tsptalk.com/mb/showthread.php?p=113427#post113427

**Birchtree** · 02-19-2009, 06:15 PM

The internal bottom was placed on October 10th when 93% of all NYSE stocks put in a new yearly low. The price bottom was placed on November 20th. We are testing the bottom now with several intraday spikes downward. The bottom is in.

**cmbigd4life** · 02-19-2009, 06:18 PM

Welcome madfcstr. Let me know when you find it.

**steveg** · 02-19-2009, 06:24 PM

Birchtree --

I wish I felt the same way as you do. I don't think the bottom IS in. I guess time will tell, but I'm not sure how we can go 13 trillion dollars in debt, with the government "implying" that it can solve our economic issues through this spending (which of course, it can't), and not have major market ramifications (negative, of course) down the road...

I guess time will tell if we truly have seen the bottom or not...

Steve

**350zCommTech** · 02-19-2009, 06:32 PM

Originally Posted by steveg

Birchtree --

I wish I felt the same way as you do. I don't think the bottom IS in. I guess time will tell, but I'm not sure how we can go 13 trillion dollars in debt, with the government "implying" that it can solve our economic issues through this spending (which of course, it can't), and not have major market ramifications (negative, of course) down the road...

I guess time will tell if we truly have seen the bottom or not...

Steve

Birchtree has been calling a bottom everyday for the past year and a half. Just get use to it.