Agreed, I'm just here make some money. If it's on the long side, then I'll go long. But, I believe it will mostly be on the short side next year. We'll see. Best of luck to both of us.
Agreed, I'm just here make some money. If it's on the long side, then I'll go long. But, I believe it will mostly be on the short side next year. We'll see. Best of luck to both of us.
I am not making bullish or bearish case for Q1. Taking it one day at a time, as it unfolds. IMO, it is best to have no bias when you read the tape. If you have a bias, you tend to look for patterns/signals that support your bias while subconsciously ignore the counter patterns/signals. I paid a lot of tears to learn that. LOL
Weekly chart is rolling over. Daily hasn't decided yet. The dollar is clearly bottom (for now) and should go up for a few months. The market is up against huge resistance from a downward sloping trend line (on Monthly, Weekly, and Daily charts), that dates back from the October 2007 high.
I'm sure you could make a bullish case too, be the overhead resistance it huge, and a correction is needed before anymore advance. (IMHO).
Seasonality wise… January – March is bad for the market, just like December is positive for the market. I'm not saying we can't go up to the 61.8% fib level around 1228 (spx), as no one knows… but a correction is needed first.
Yes they are… but, it takes time to unload large blocks of shares. That's why we have this sideways movement. Every rally up by retail traders is sold into. However, you can only sell a little bit at a time.
It's almost over, as January should bring in some volume into market place. It will be harder for the PPT (or whoever) to hold up the market then. Technical's should start to work again… which will be pointing down then.
Thanks for stopping by, and enjoy the game of Pong. I can't even beat it. Man I suck!
After some additions as u wanted GS:
Bernake – Person of the Year – Time Magazine
Geithner – Beautiful person of the Year- http://www.businessinsider.com/tim-geithner-mak…
Obama – Nobel Peace Award
Madoff – Investor of the Year
Tiger Woods – Husband of the Year
Goldman Sachs – Company of the Year
Terrance Watanabe -… Gambler of the Year -http://online.wsj.com/article/SB125996714714577317.html?mod=rss_whats_news_us
Agreed, I'm just here make some money. If it's on the long side, then I'll go long. But, I believe it will mostly be on the short side next year. We'll see. Best of luck to both of us.
Wow… What I could do with $127 million dollars? It wouldn't be gambling at Vegas…that's for sure. Oh no, I'd gamble in the market. LOL!
After some additions as u wanted GS:
Bernake – Person of the Year – Time Magazine
Geithner – Beautiful person of the Year- http://www.businessinsider.com/tim-geithner-mak…
Obama – Nobel Peace Award
Madoff – Investor of the Year
Tiger Woods – Husband of the Year
Goldman Sachs – Company of the Year
Terrance Watanabe -… Gambler of the Year -http://online.wsj.com/article/SB125996714714577317.html?mod=rss_whats_news_us
Agreed, I'm just here make some money. If it's on the long side, then I'll go long. But, I believe it will mostly be on the short side next year. We'll see. Best of luck to both of us.
I am not making bullish or bearish case for Q1. Taking it one day at a time, as it unfolds. IMO, it is best to have no bias when you read the tape. If you have a bias, you tend to look for patterns/signals that support your bias while subconsciously ignore the counter patterns/signals. I paid a lot of tears to learn that. LOL
Weekly chart is rolling over. Daily hasn't decided yet. The dollar is clearly bottom (for now) and should go up for a few months. The market is up against huge resistance from a downward sloping trend line (on Monthly, Weekly, and Daily charts), that dates back from the October 2007 high.
I'm sure you could make a bullish case too, be the overhead resistance it huge, and a correction is needed before anymore advance. (IMHO).
Seasonality wise… January – March is bad for the market, just like December is positive for the market. I'm not saying we can't go up to the 61.8% fib level around 1228 (spx), as no one knows… but a correction is needed first.
Red
Thanks for the info for my mother.
Why can't the 'technicals' be pointing up starting in Jan? Not saying they will, but what if they point up?
By the way, what 'technicals' are you referring to, Red?
P.S. Best wishes to your mother. Tell her to start taking 6000 IU of Vit D3 daily. It can't hurt. It can only help. Google Vit D3.
Yes they are… but, it takes time to unload large blocks of shares. That's why we have this sideways movement. Every rally up by retail traders is sold into. However, you can only sell a little bit at a time.
It's almost over, as January should bring in some volume into market place. It will be harder for the PPT (or whoever) to hold up the market then. Technical's should start to work again… which will be pointing down then.
Thanks for stopping by, and enjoy the game of Pong. I can't even beat it. Man I suck!
Happy Holiday to you too Flyboy. Have a good time in NYC. Thanks for stopping by.
Red