thanks – but take a look at the 2000 dot com unwind…..and the speed of the unwind – look what 3 days can do…….
when the unwind happens today is anyones guess – but we have a similar situation. there has been a gross mispricing going on for equities almost 2 years now – fueled by nothing but the mantra of ‘momentum’. there are bankrupt companies enjoying very strong equity prices – all due to ‘momentum’ (beta chasers)….
just a thought……… we are topping here – will the unwind come now, or will we just have a ‘mild’ correction in mispricing? a trend is a trend until it is no longer a trend, and by the time you recognize the trend is no longer – well like i said – look at the unwind from the dot com….
If you mean the POMO schedule, it’s to the right here on the blog, under the “Helpful Information” tab. We could roll over some tomorrow if the chart line back up pointing down by the end of the day, as there isn’t much money being put in the market on Wednesday.
I believe the multiple downside FP’s are where the market will dance around all week long. But first, the upside print will likely be filled. Just a feeling on that (along with looking at where the charts are now).
The trend is your friend? Maybe the real significant FP’s are only in direction of the trend. When we finally get a 1-2-3 reversal with volume, maybe the lower FP’s will matter more. I dunno. That is how I’m looking at it.
that is SOME chart….i am seeing all those downside prints in a row and NONE of them have been filled??? that just looks ODD to me – so must we modify our analysis to ONLY consider upside prints???
yorx
thanks – but take a look at the 2000 dot com unwind…..and the speed of the unwind – look what 3 days can do…….
when the unwind happens today is anyones guess – but we have a similar situation. there has been a gross mispricing going on for equities almost 2 years now – fueled by nothing but the mantra of ‘momentum’. there are bankrupt companies enjoying very strong equity prices – all due to ‘momentum’ (beta chasers)….
just a thought……… we are topping here – will the unwind come now, or will we just have a ‘mild’ correction in mispricing? a trend is a trend until it is no longer a trend, and by the time you recognize the trend is no longer – well like i said – look at the unwind from the dot com….
Not that I know of?
I thought someone said there was money in addition to POMO being entered in to the market.
I could be wrong.
If you mean the POMO schedule, it’s to the right here on the blog, under the “Helpful Information” tab. We could roll over some tomorrow if the chart line back up pointing down by the end of the day, as there isn’t much money being put in the market on Wednesday.
I believe the multiple downside FP’s are where the market will dance around all week long. But first, the upside print will likely be filled. Just a feeling on that (along with looking at where the charts are now).
ES Chart: http://niftychartsandpatterns.blogspot.com/2011/02/es-support-levels.html
The trend is your friend? Maybe the real significant FP’s are only in direction of the trend. When we finally get a 1-2-3 reversal with volume, maybe the lower FP’s will matter more. I dunno. That is how I’m looking at it.
What’s the deal with that extra 5 billion that enters the market? Can you send me a link?
What’s the deal with that extra 5 billion that enters the market? Can you send me a link?
red,
that is SOME chart….i am seeing all those downside prints in a row and NONE of them have been filled??? that just looks ODD to me – so must we modify our analysis to ONLY consider upside prints???