my call: bear market bottom, page-26

zanzibar,

You are very brave, man. I know it is too hard to try to pick the bottom in such volatile environment.

If you think Thursday night big rally caught everyone off-guard, have a look at chart of 1929 crash. It happened 81 years ago. The rally is Thursday, followed by further intra-day high on Friday, and close down. (See the DJI Chart below) Sounds familar?

Of course, we want to know what happen next? Obviously, nobody knows. But from 1929 chart, it does not look good.

Another sign is Warren Buffett's call for buying US stock has not generate enough long lasting interests, indicating the bearish sentimental is still prevailing.

There are too much similarity between now and than. It makes you wonder the effectiveness for predicting future use past pattern. Because market is always make us looks like fools.

Again, it is a very fast moving market. If you are long already, looks like the chance of making money within a couple of weeks is still very high if we follow 1929's pattern even we might have a few more down days, or may not.