imported post
If you are alwayslooking for bad news, you will always find it, anytime, anywhere.
I mentioned this before but it still amazes me... The creator of one of my favorite indicators (The ARMS index) Richard Arms, is such a perma-bear that I have lost all respect for him. Here are his headlines for his weekly article over the last two months, and this goes back for months like this. If he has been shorting, I'll bet he lost his a** because we know what the market has done over the last couple of months.
I don't suggest anyone jump in front of this bullish freight train until you can hear the brakes squeeling....
RealMoney-Commentary
Expect to See More of a Decline
12/8/20048:03 AM EST
ByDick Arms
The Nasdaq hasn't been this overbought in almost a year. It and the Dow seem to have run out of steam.
RealMoney-Commentary
Still Sideways, With Limited Upside
12/3/20048:00 AM EST
ByDick Arms
Short- and long-term indications are overbought, so the next 'big' move is likely to be down.
RealMoney-Commentary
Stock Standoff Will Melt Down
11/30/20048:00 AM EST
ByDick Arms
When this range breaks, the likely movement is down. Also, charts on LSI Logic, Centex, Intuit and more.
RealMoney-Commentary
Arms Index Points to Coming Slide
11/26/20048:00 AM EST
ByDick Arms
We could be in for a repeat of the 600-point drops we've seen twice already this year.
RealMoney-Commentary
Downturn May Follow Sideways Progress
11/23/20048:00 AM EST
ByDick Arms
The Dow and VIX suggest consolidation could have a while longer to go before a shift lower.
RealMoney-Commentary
Arms Index Gives Cause for Anxiety
11/19/20048:30 AM EST
ByDick Arms
In the short-term, the indecision that can mark a top is creeping in, and longer-term, a cycle is coming around again.
RealMoney-Commentary
Taking Some Profits Looks Prudent
11/17/20048:04 AM EST
ByDick Arms
It looks more like the start of a rolling over in the indices than preparation for resuming an advance.
RealMoney-Commentary
Market (Over)due for a Rest
11/12/20048:00 AM EST
ByDick Arms
The Dow has gone beyond expectations and previous peaks of the cycle, leaving it vulnerable.
RealMoney-Commentary
Market May Serve Up a Pullback
11/10/20047:04 AM EST
ByDick Arms
The Dow shows it could be near overhead resistance, and short-term Arms Index numbers have become overbought.
RealMoney- Ask Our Pros
Trend Lines
11/4/20042:50 PM EST
ByDick Arms
Charles Dow, the patriach of Technical Analysis said that two prominent points could...
RealMoney-Commentary
Rally a Culmination, Not a Start
11/4/20048:00 AM EST
ByDick Arms
The market correctly forecast the election over the pollsters, so the postelection rally may have already occurred.
RealMoney-Commentary
Markets Lack Vote of Confidence
11/2/20048:00 AM EST
ByDick Arms
The next short-term move should be down, but the election and oil cloud the outlook.
RealMoney-Commentary
Rally May Fail Near These Levels
10/29/20048:00 AM EDT
ByDick Arms
It looks like the recent move higher has met a tough level, and is having trouble penetrating it.
RealMoney-Commentary
Be Patient With the Bottoming Process
10/27/20048:00 AM EDT
ByDick Arms
Arms index readings have backed away from their extremes, but it's still best to wait before buying aggressively.
RealMoney-Commentary
Dow Lacks Drama but Turn May Be Coming
10/22/20049:28 AM EDT
ByDick Arms
An October low still seems likely, but climactic action remains missing.
RealMoney-Commentary
Market's Drop Looks Likely to Go On
10/20/20048:01 AM EDT
ByDick Arms
A short burst of strength over the last few sessions seems mainly to have cleared room to the downside.