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.
Can it end Red today?
How many want to hold long over the long weekend?
I hear you loud and clear Gleno
That is my biggest weakness too ... as they say, you (and your emotions) are your biggest enemies :)
Hmmm ... talking like a Guru now am I :)
Guess, hanging out at Ihub the past year with some elite company has rubbed off on me.
Have learnt a lot ... now, I need to put it to good use and continue making monies in the market!!
Gleno, RE: No fear in China
I read in the Wall street journal that the reason the chinese investors are fearless is that they know their government will not cause/manipulate a 'managed crash' now given that the Olympics are next year in Beijing. Too much at stake if the chinese financial market implodes this year.
80% of capital in their market is individuals unlike here where we are our Boyz - brokerages are setup like casinos with investors smoking, drinking and picking stocks using 'numerology' (chinese are very superstitious) lucky numbers etc. Lot of savings, borrowed money at stake but then no one knows how high it can go :)
But history says that the higher/steeper it goes, the worse the Bust is!!
Salty, yes if China joins the bear party
Otherwise with Da Boyz heading out early for the long weekend, the retail buyer could make merry (called 'bargain hunting') and push S&P upto 1512 in the morning.
Let's see if we can close red again tomorrow. In the current 'Bull party mode', haven't had more than 2-3 red/down days in a looong time.
Salty, yes if China joins the bear party
Otherwise with Da Boyz heading out early for the long weekend, the retail buyer could make merry (called 'bargain hunting') and push S&P upto 1512 in the morning.
Let's see if we can close red again tomorrow. In the current 'Bull party mode', haven't had more than 2-3 red/down days in a looong time.
Lindy, I remember what happened Feb 27th
I was caught holding QLD Long .... Ouch!!
Not this time ... sitting on QID :)
Thanks for the heads-up - have a feeling we sell more and close near the lows for the day.
What support ... held for 2 hours :)
That should now be resistance for any bounce!!
Agree PS but if all bears hammer at that support for a long time this afternoon, it should CRACK :)
And if it does, 1500-1502 is where it could close.
Making money on the Short side
is so much more fun than the long 'slow boring grunt' up side.
Need something to happen
Not much movement after the 1st qtr report ... tight consolidation in the 0.14-0.16 area looking a lot like the 2-3 wk mid-mar to end-march timeframe before ramp job in early April. Volume also drying up.
Need something to happen to trigger this puppy to the upside again :)
NM, with this recent price action
Are we back to your original "Serious TOP" set in scenario?
Bubble Buddies
China and Blackstone, Perfect Bubble Buddies
TheStreet.com
The combination of two ridiculously overinflated bubbles marks a top in private equity.
http://biz.yahoo.com/ts/070523/10358352.html?.v=2
Shanghai - S&P interesting juncture
Since almost everyone is looking at these resistances, imho we will not get there now. Both back off now and start their 'correction' down.
http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm
Shanghai will surely gap down but like always can it recover and go UP again? Interesting night and day tomorrow.
Yeah Foot - Missed Gleno today
Hope his foot's doing fine ... Shanghai should really be interesting. Can it shrug off evil "irrational" Greenie too? :)
salty
hope u didn't sell u'r left testicle on ebay. As Poker said, there will not be any need now.
No crash ... but the slide has started.
Foot - think u nailed Da Top
Great charts ... thanks for all your work!!
Classic reversal day today and closing at the lows.
Gap @ 47.05 filled NM, going down in a hurry
NM, looking more like a Bull trap
If we end red, the party is all over for the Da Bulls!!
This is it DT
Think we end down today :)
Yup RCKS, will have to wait for now :)
S&P going for record close
1527+ ... need it for the headlines - will we get there into the close?
RCKS - NM answered the question on AJTJ's board
http://www.investorshub.com/boards/read_msg.asp?message_id=19852173
NM - 4cast
Is this the output of an option-based modelling software? Didn't realize that options controlled/manipulated so much where prices are heading - thanks for sharing your thoughts and da 4cast :)
Good luck!!
NM, Have u'r Q targets changed?
S&P going to new highs and Q's going to 39.97 by Jul 14-18 does nor rhyme?
http://www.investorshub.com/boards/read_msg.asp?message_id=19841124
Message In Reply To:
Patience will go a long way as we're at a SERIOUS TOP and regardless we're going to back-test 44.43 and eventually get to 39.47?
Target numbers:?
45.54 (next wk)
44.43 (by 19May)
43.32 (by 26May)
42.21 (by 09Jun)
41.10 (by 23Jun)
39.97 (by 14Jul)
And the FINAL FINAL, 39.47 by 29Jul?
50+ move on Nasdaq tomorrow NM?
Fed cutting rates or who's buying whom?
Wow ... surely a melt-up :)
Massive cup on the S&P monthly chart
Back from the spring 2000 closing high of ~1523 to now .... anyone know the rules of the handle that might follow for such a huge cup?
Duration, how much retracement etc?
Agree tweak
Looks like SSEC correction has started with today's 3.6% drop ... couple of more days of swift drops like these possible to take it near it's daily 50dma (3400- 3500 area).
No trading today
Very quite in Andrea land ... isn't the 1st qtr 10Q out tomorrow? Calm before the storm? :)
No fear in ChinaTown
At 1K zoom up per month, the Shanghai may overtake the Dow by the Olympics next year :)
Opened down and was down 2% only to see more newbies jump in and take it up - now up almost 1% ... Amazing!!
http://biz.yahoo.com/ap/070513/china_stock_market_fever.html?.v=3
Good observation and thoughts DT
Sure is looking like the late '90s playing out all over again ... not as 'Bubbly' though :)
Hi DT - we sure did
You just found your long lost (evil) twin brother :)
Maybe sandeeps - let's see if SPX is able to close above these EMA's. That will be key to tell what's coming next.
Immaculate timing Gleno ... it took off :)
Daily 10dma should act as resistance/highs today
All indices pushing against them now ...
Any for the 10wk low next week
Aire, given the big decline yesterday, anything showing up on the NDX, S&P charts for targets like the one for RUT?
Thanks in advance!
Welcome back PS - now gotta make sure
this does not fake us and grind up to another high. Bulls must actually be salivating at this decline ... DOW has not had more than 1 Red day in ages and tomorrow's gotta be BIG UP. But wait, PPI comes out in the morning ... retails sales were an excuse for today's drop but it will surely shrug off PPI.
Let's see what tomorrow brings!!
Miss Da Man NM's 4cast
Need u here NM - Day 1 of decline ... 6-7 days more right? That would be nice :)
Bull pyschology
If all Bulls think like this, we will indeed go to higher highs with this pullback today
http://www.investorshub.com/boards/read_msg.asp?message_id=19529142