Well said Red, I took profits Friday of last week but should have held due to my researched showed that this week would be strong. This data comparred to your analysis and a few other folks pointed to WED/Thurs being strong. Im sure selling will start Thurs and go into Fri due to folks not wanting to hold over the weekend??
Wednesday Housing Starts/CPI 8:30 ET Crude Inventories 10:30 ET
Thursday Jobless Claims 8:30 ET Leading Indicators/Philadelphia Fed 10:00 ET
Hello Red, I like to learn what you mentioned in the 3rd paragraph: the rule is still pretty accurate… over 200 million equals a down day, and under 200 means an up day. Would you please explain more details about what you mentioned the rules of volume. Thanks, Lucky Fish
Hello Red, I like to learn what you mentioned in the 3rd paragraph: the rule is still pretty accurate… over 200 million equals a down day, and under 200 means an up day. Would you please explain more details about what you mentioned the rules of volume. Thanks, Lucky Fish
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
Well said Red, I took profits Friday of last week but should have held due to my researched showed that this week would be strong. This data comparred to your analysis and a few other folks pointed to WED/Thurs being strong. Im sure selling will start Thurs and go into Fri due to folks not wanting to hold over the weekend??
Wednesday
Housing Starts/CPI 8:30 ET
Crude Inventories 10:30 ET
Thursday
Jobless Claims 8:30 ET
Leading Indicators/Philadelphia Fed 10:00 ET
Hello Red,
I like to learn what you mentioned in the 3rd paragraph: the rule is still pretty accurate… over 200 million equals a down day, and under 200 means an up day.
Would you please explain more details about what you mentioned the rules of volume.
Thanks,
Lucky Fish
Hello Red,
I like to learn what you mentioned in the 3rd paragraph: the rule is still pretty accurate… over 200 million equals a down day, and under 200 means an up day.
Would you please explain more details about what you mentioned the rules of volume.
Thanks,
Lucky Fish
It looks like we are going to gap open on Monday. The futures are up 7 at 10pm tonight. That 1108 area is just a hair away…
It looks like we are going to gap open on Monday. The futures are up 7 at 10pm tonight. That 1108 area is just a hair away…
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!