ladyfriend2's Blog : Don"t Listen to TV Pundits

Yes I do tune in to CNBC just as many of you , I am sure. I git occassional market indicators from actual circumstances. Then make my own mind up as to how it will affect the mass psychology of the trading. I have been wrong, to be sure, but I find I amright more often than Larry Kudlow, say, or the lovely people on Fast money, even Art Cashin has more mistakes in calling the market than I.
But you shouldn't trust my intuition any more than you would your dogs either!

That said... I have noticed a thing over the last few monthes;
When the market has had about three down days with the third one a kick in the butt, that third kick in the pants day I should be buying like a madwoman.
The trend has been for a rock and roll rally on the fourth or fifth day. It's as if all the low volumn buying and larger selling stretches the bull's rubberband too tight and they just have to slingshot in.

As I write this futures are pleasantly up for the moment.
Tomorrow is day four again.
I could be wrong.