Stock market weather is just as mixed as daily weather for sure, and you really have no idea how true your statement really is. I posted a chart of natural energy and so far this month has been quite accurate. Mondays reading calls for dealing with $ issues and its a new moon which should have a similar effect on stocks as the full moon of Nov2nd. As far as ANY sustained decline, I posted this b4- The Jan 15th ECLIPSE offers the BEST shot for the END of primary wave 2, leading to a decline into Late March- early April. This does not preclude a very sharp retreat year end DEc 2009 Jay
I don't think we are going to make it to 1108 this time around Joe. Looks pretty bearish too me. Probably a flat day tomorrow, but I don't see any more rallying for next week.
I think you made the right call getting out of your longs. We might not make another attempt for quite some time, so the short side is going to be where the money is.
I don't think we are going to make it to 1108 this time around Joe. Looks pretty bearish too me. Probably a flat day tomorrow, but I don't see any more rallying for next week.
I think you made the right call getting out of your longs. We might not make another attempt for quite some time, so the short side is going to be where the money is.
I took your advise as well; Sold many Longs yesterday, kept just a bit for me and my parents. You see on the TSX we did not break 11300 this round so I should have held…. but I figured the upside risk outways the downside. Plus I was early to get in so I will be early to leave,,,,,, Can we actually go to 1130 without a 10% pull back?? Who would be buying, we need the BKX and OIL stocks to march the same road up
I might have given the wrong impression that I was directing my comment at your post, Red. Nothing like that. I wasn't making a critique of your posts at all.
It was just a general comment, not directed toward anyone in specific.
I was saying that we don't need to catch the exact top, but having some idea where it is expected, is useful. Love those levels you posted. That allows us to focus our attention on how the market behaves at those levels and take whatever positions we see fit. That's why I said to keep up the good work. Not expecting you to catch the exact top or bottom. lol
Some FET (Financial Entertainment Television) Spokesperson compared Current Unemployment to Employment as a Basketball to a Quarter. An absurd comparison, showing how deep the rabbit hole runs. This is not just about being optimistic, they are trying to deceive. A more fair comparison would be a Tennis Ball to a Ping Pong Ball.
I might have given the wrong impression that I was directing my comment at your post, Red. Nothing like that. I wasn't making a critique of your posts at all.
It was just a general comment, not directed toward anyone in specific.
I was saying that we don't need to catch the exact top, but having some idea where it is expected, is useful. Love those levels you posted. That allows us to focus our attention on how the market behaves at those levels and take whatever positions we see fit. That's why I said to keep up the good work. Not expecting you to catch the exact top or bottom. lol
I'm only a bear on the economy… which is currently disconnected from the stock market. I'll trade bull or bear, as I'm only looking to make money from it.
As for the “blowoff top” comment… that's the first time I've used it. I was unaware that other bears used it to justify every move up.
Anyway, you are right, as no one can predict the exact high. Today could have been it, or one more push tomorrow? Hard to say exactly, but we are close. I'll have more thoughts on tonight's post around 9pm-10pm est.
Thanks for stopping by and commenting. Good or bad, all comments are welcome, as no one is right all the time either.
Stock market weather is just as mixed as daily weather for sure, and you really have no idea how true your statement really is.
I posted a chart of natural energy and so far this month has been quite accurate. Mondays reading calls for dealing with $ issues and its a new moon which should have a similar effect on stocks as the full moon of Nov2nd.
As far as ANY sustained decline, I posted this b4- The Jan 15th ECLIPSE offers the BEST shot for the END of primary wave 2, leading to a decline into Late March- early April.
This does not preclude a very sharp retreat year end DEc 2009
Jay
I don't think we are going to make it to 1108 this time around Joe. Looks pretty bearish too me. Probably a flat day tomorrow, but I don't see any more rallying for next week.
I think you made the right call getting out of your longs. We might not make another attempt for quite some time, so the short side is going to be where the money is.
Red
I don't think we are going to make it to 1108 this time around Joe. Looks pretty bearish too me. Probably a flat day tomorrow, but I don't see any more rallying for next week.
I think you made the right call getting out of your longs. We might not make another attempt for quite some time, so the short side is going to be where the money is.
Red
I took your advise as well;
Sold many Longs yesterday, kept just a bit for me and my parents. You see on the TSX we did not break 11300 this round so I should have held…. but I figured the upside risk outways the downside. Plus I was early to get in so I will be early to leave,,,,,, Can we actually go to 1130 without a 10% pull back?? Who would be buying, we need the BKX and OIL stocks to march the same road up
Thanks
Joseph
That's a cool chart steveo… At least some people get it!
I might have given the wrong impression that I was directing my comment at your post, Red. Nothing like that. I wasn't making a critique of your posts at all.
It was just a general comment, not directed toward anyone in specific.
I was saying that we don't need to catch the exact top, but having some idea where it is expected, is useful. Love those levels you posted. That allows us to focus our attention on how the market behaves at those levels and take whatever positions we see fit. That's why I said to keep up the good work. Not expecting you to catch the exact top or bottom. lol
Some FET (Financial Entertainment Television) Spokesperson compared Current Unemployment to Employment as a Basketball to a Quarter. An absurd comparison, showing how deep the rabbit hole runs. This is not just about being optimistic, they are trying to deceive. A more fair comparison would be a Tennis Ball to a Ping Pong Ball.
http://www.bls.gov/news.release/empsit.t12.htm
Check out this graphical comparison, overlayed on a stock chart 1929 to 1940
http://oahutrading.blogspot.com/2009/11/size-do…
hey RDL, I was going to ask where you get MTS from, but keep posting and I will make this my stop for the Step.
I might have given the wrong impression that I was directing my comment at your post, Red. Nothing like that. I wasn't making a critique of your posts at all.
It was just a general comment, not directed toward anyone in specific.
I was saying that we don't need to catch the exact top, but having some idea where it is expected, is useful. Love those levels you posted. That allows us to focus our attention on how the market behaves at those levels and take whatever positions we see fit. That's why I said to keep up the good work. Not expecting you to catch the exact top or bottom. lol
I'm only a bear on the economy… which is currently disconnected from the stock market. I'll trade bull or bear, as I'm only looking to make money from it.
As for the “blowoff top” comment… that's the first time I've used it. I was unaware that other bears used it to justify every move up.
Anyway, you are right, as no one can predict the exact high. Today could have been it, or one more push tomorrow? Hard to say exactly, but we are close. I'll have more thoughts on tonight's post around 9pm-10pm est.
Thanks for stopping by and commenting. Good or bad, all comments are welcome, as no one is right all the time either.
Red