Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You said BKX was going to have an EXPLOSIVE move up to 50.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39056765
and a BREWING CRESCENDO going into July 4 with RECORD HIGHS
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39092037
How is it that you were partially right?
You've been a raging bull calling for new highs every day!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39056197
You said Bears were complacent and didn't know how explosive UP the move was going to be.
Golden Cross
Everyone is citing the "golden cross" as evidence that we're going up from here. For the golden cross to happen, the 200MA must be rising and crossed by the 50 MA.
Until the 200MA flattens out and turns positive we are still in a bear market.
Still hard down.
Limit down on the day before a holiday weekend?????
Wouldn't be a comfortable 4th of July.
Could be fast and violent down. Be careful traders.
Perhaps...but I trust my judgement...always Ted.
I never conclude in haste
patience is a virtue
<<<If manipulation exists, that same manipulation is capable of making a marble cost a lot more than Waldo thinks it should>>>
Musical chairs...until everyone realizes the music has stopped. Mad scramble for a seat.
Marbles...Tulips...whatever Ted
Market trading manipulation
http://www.zerohedge.com/node/12085
Scroll down...this guy has NO VESTED INTEREST to expose what's going on...in fact, he benefits from it...but wants retail investors to know that when the rug gets pulled out, there will be no buyer to support the market.
I noticed that on this chart....thought about your shooting star chart before you posted...:)
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=3&dy=0&id=p58850548475
Gap will close...whether today or tomorrow or next week, doesn't matter to me.
AltA, option ARMs, and commercial loans, the next bombshells to crush banks.
Right shoulder formed
ready for the drop
and you are sure that it's "bearish complacency"?
A close of the morning gap up should put a lid on this right shoulder move...Dow almost hit my short-term target of 8600...
Shoulder formed...
Financials lagging considerably ( market up big, fins flat)...they will lead down IMO.
I'd say we're starting 1 of 3 of 5
but I'm no Elliot waver.
Weekly is even prettier for da bears
http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=3&mn=0&dy=0&id=p52958169991
We have right shoulder...and price envelope has turned down
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39028596
Wave 5 to commence...?
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p82350739051
More on the PE Chart
http://dshort.com/articles/2009/SP-Composite-pe-ratios.html
Most important quote...
Where does the current valuation put us?
For a more precise view of how today's P/E10 relates to the past, our chart includes horizontal bands to divide the monthly valuations into quintiles — five groups, each with 20% of the total. Ratios in the top 20% suggest a highly overvalued market, the bottom 20% a highly undervalued market. What can we learn from this analysis? Over the past several months, the decline from the all-time P/E10 high has dramatically accelerated toward value territory, with the ratio dropping from the 1st to the upper 4th quintile in March.
A more cautionary observation is that every time the P/E10 has fallen from the first to the forth quintile, it has ultimately declined to the fifth quintile and bottomed in single digits. Based on the latest 10-year earnings average, to reach a P/E10 in the high single digits would require an S&P 500 price decline below 600
PE chart...notice most major bears bottomed at 6 X earnings...
could be a lot more down than people expect
http://dshort.com/charts/SP-and-PE10-large.gif
Update on the "Previous Bear Markets" analog
Wave 5 coming any day IMO
http://dshort.com/charts/mega-bear-comparisons.html?mega-bear-quartet
The thing I take from the "dumb $$$" chart is that after every extreme reading (this one being the most extreme), the candle following the break was ENORMOUS DOWN...wiping out a large portion of the gain in relatively short order.
The break down will be big and quick IMO.
The Dumb get Dumber
http://www.marketoracle.co.uk/Article11321.html
I expect choppy sideways move in the Dow to 8600 over the next 2 weeks to work off daily oversold and form the right shoulder...before the big downer into the end of July.
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p78239857192
Weekly...targeting a retest of the low...minimum 7500...maximum new lows.
http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=3&mn=0&dy=0&id=p52958169991
When does the rug get pulled...nuthin' but air below and concrete ceiling above...
http://stockcharts.com/h-sc/ui?s=XLF&p=D&yr=0&mn=6&dy=0&id=p54832296416
I'd rather a straight shot to S&P 740...then take the summer off! :)
Best case for the bullish view IMO is a bounce to 8600 to form a right shoulder....Top is in.
DOW
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=6&dy=0&id=p35278369383
The fat lady is singin'
Like I said at the open...longs did NOT want a gap up.
Supporting Buffett's view
Rails show no bounce
http://railfax.transmatch.com/
OT Buffett says no bounce...US economy in shambles.
http://www.cnbc.com/id/31526130
Longs did NOT want a gap up from the open....
Won't hold.
20,50,200 MA's all down now on financials....plunge time!
http://stockcharts.com/h-sc/ui?s=XLF&p=D&yr=0&mn=3&dy=0&id=p79264438803
The "interventionists" can't step in and support the market because interest rates and commodities went up too fast since March...they will sacrifice the stock market to get interest rates down, as the housing market is much bigger than stock market.
Better hold 900 or there WILL be panic......over the falls!
Oh...I agree...I'm holding my SKF position for the intermediate term...through November...until we see some oversold readings.
Just meant on the little headfake pop higher into July 14...although it is not what I expect to happen.
I ONLY trade intermediate term and get whip-sawed MUCH less frequently. I rarely use a stop for these trades as I am willing to take a temporary draw-down on extended moves...
Happy Father's Day to all Dad's out there!
Bradley model agrees with PT and Deva...
http://forbestadvice.com/Money/Gurus/DonaldBradley/BradleyTurnDates2009.html
XLF Maxpain $12
Options nonsense....going nowhere today
Going to hit some balls...have a great weekend!
Tiger will come roaring back to win in dramatic fashion.
June Max pain for S&P...920
Monday the fun begins.
mtcinc...you'll like this...I like TrimTabs work
http://www.bearmarketinvestments.com/trimtabs-ceo-provides-realistic-view-on-economy
I'm with you...sell-off into the close. Big Kahuna down soon.
30 min stochs bottomed (in SKF)...