Time to Go Bottom Fishing?

Here is what you avid fishermen are looking at:






It appears that the DJIA is in a descending triple bottom breakdown. As I wrote in a previous post, this is a continuation pattern of the major trend, and has been shown to have a 93% probability of a further decline over a period of months.

The Russell 2000 is showing a bearish triangle breakdown pattern, which also has a very high probability of further downside.





In the market, as in cards, I’d rather have the odds in my favor.

Rather than spend time on the computer this weekend looking at stocks to do some “bottom fishing”, you might try this kind of fishing, while waiting for the spring thaw:

Try your hand at this fishing game. Read the instructions (below the link) first.

http://www.peninsulaclarion.com/kenairiverrun/kenairiverrun.html

Instructions:

You will see the fish swimming in the lake. Click on the place in the lake you want the man to cast his line. Remember the fish are swimming and if you click on the fish by the time he casts his line the fish will have moved beyond that point. So click on a spot ahead of the fish where you think the fish will be after the line has been cast. WARNING: This can be addictive! Don’t blame me if you get your ass in a sling with the Mrs., because you sat around all weekend and didn’t get any projects done around the house. (Not that anyone has ever done that.)

——————————————————–

This is for all of you great outdoorsmen who love to fish, but don’t want to drive to the lake or go ice fishing right now…so, good luck, and no lies!!!…and turn up yer volume.Note: There is a tackle box nearby, want a different lure? Just click on it! Kenai River Run…..

—————————————————-

Or, you might do this if you live in a warmer climate….