[Post Summary]That which is done is what will be done
—Ecclesiastes
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Mark Hulbert says there's only "weak evidence" Thursday's stock market reversal marked the low to the bear market that began in October 2007 (No Key Reversal).
This very well might be true. It could be some months (and, indeed, even some years) before the crisis rocking financial markets finally has passed.
Yet, there also is solid evidence the market's bounce off November's bottom is not yet over. That's the conclusion Elliott Wave analysis presents.
The question here for Hulbert really surrounds how long might improved bullishness among market newsletter writers (now v. November '08) persist? Can the stock market bounce still higher despite a lack of that more negative sentiment recent history suggests is desirable?
Technical evidence strongly suggests the market's bounce will continue.
—Tom Chechatka
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