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.
Abercrombie& Fitch March sales down 29%. BAC levitating financials up.
Our broken markets are becoming more like lesser, Asian markets where most moves are made over night than intra day.
Same yesrerday with MET. Up & down, jake it around buy low sell high lol.
Pop and drop .
Manipulation manipulation.. met at24.95
We go down from here, all dead cat bounces ( mgm.lvs,drys,exm ...) are done with.
You must be ref to xlf,faz,skf etc....
+1 for NM & crew.
FAZ and SKF are coiled down to snap back as well, jmho.
How do you start your car in the morning? You turn the key hoping stored energy in the battery will turn the engine and it will start reving and alt will charge your battery in due course right?
Alas our battery is not holding much charge, engine compression is way down and a dying alternator, corroding wires and faulty electonics....... pitts.
bobjack :
On pbase you can click to next image. Thanks.
V.V. Charts
one more attempt
VV Composite:
http://www.pbase.com/tjny/image/110937117
VV Buy Sell ratio:
http://www.pbase.com/tjny/image/110937116/original
I dont understand, these are bit map images of v v charts uploaded to my photo site where any one can see my pics. I wonder if there is another way?
I think charts are ok now.
"Trend is your friend" that's so true but the questions are which trend, like e waves and their sub sub...waves there are short, inter, long & very long term trends. And what makes it a trend and by the time it shows up major part of a price move is already under way, meat of the move has already been stripped.
You are correct about traders being early and eager and getting in trouble like shorts are now. Here, it is human psychlogy, coming into play, we being our own worse enemies as Jesse livermore experienced, some thing called "emotional inertia" that prevents us changing our mind as the market turns. When market was declining like it was in Jan & Feb recall how many were calling for further declines to DOW 5K 2K.. that mind set is hard to reverse for mere mortals. So we look for systems, indcators etc.
Not only some of us don't reverse course but as new short term trend develops we are in denial and fearful ( if we have lost money in recent dedecline or vice versa ) emotional inertia keeps us as reluctant longs and early shorts ( you and me have been there ).
That leads us to internet boards in futile search for holy grail of an idea, an indicator or a system perfected by some master trader to get us into right side of the inflection point.
Not for nothing, I think I have found such an indicator and I am going to stick my neck out just to prove or disprove it.
Now I want every one to know that I am a so so trader and currently short financials and I blame it on E.I. and lack of disipline and trust. This indicator has been around I have been paying for it for two years but some how never fully understood and/or trusted it.
Indicator is Vector Vest buy sell ratio chart which to me appears pointing for a turn in the market right now and we shall in due course find out if this one also bites the dust.
This is a comlex propr - indicator based on both tech and fund anylsis. First, indivdual equities are rated on that basis and then an A/D -B/S line is plotted.I am posting a price chart of VV comosite and B/S chart, for all interested to see how it has behaved in the past and of course we will find out how it behaves in future.
VV comp price chart:
http://i.pbase.com/o4/37/660437/1/110926145.4Rio7elz.apri3avw.bmp
B/S ratio chart:
http://i.pbase.com/o4/37/660437/1/110926143.o3lC08Pz.apri3vw.bmp
I am in the same boat Scott but keep wondering there were so few who bought the low on March 6 ( I did with a large position in fas ) but now shorts are comming out of woodworks and no wonder qs and financials just keep going up. I think we need a shrink seriouslly.
May be some skf too.....
Every 10 years after massive banking failure it was the tax payer AND "retail banking clients" that paid for the mess.
It IS "The Boys " for sure, not BO & Geitner show, lol. No body mocking BO or G, at least for now lol.
Sup& Rez are not religious edicts but something to play games with. Break sup and go up break rez and go down, lol.
Mark to market rally before first quarter earnings disaster.
Heard a new word today, and you might have too, De- Globalization.
Globalization was instrumental and it had a pivotal role in the size and scope of world financial collapse.
De- Globalization as a reaction could further hurt world economy as nations in desperation and populist fervor move in their own narrow self interest and thus adding furthet shrinkage of world GDP and thus adding and prolonging the misery.
"Manipulation", today it is focused on qqqq & financial complex.
+10
2. A retest of March low looks more plausible scenario imho.
Seinfeld rally?.
http://www.bloomberg.com/apps/news?pid=20601039&refer=home&sid=aAt1zOdOe8uw
March 18 (Bloomberg) -- This may end up being the Seinfeld rally. After all, the stock market’s recent rise seems to be based on nothing, aside from empty chatter.
Over the past week or so, the president and his minions, members of Congress, and a host of bank chief executives have made a concerted effort to spin the market. The message has been clear: It’s time to get on board with Team America where the glasses and bank balance sheets are officially half full.....
I watch Vector Vest A/D line which is still scraping the bottom. It is very accurate indicator of money flows.Poor action here tells me several things.
1. Money flows are small.
2. Expect sharp rallies and declines.
3. Sector rotation instead of broad based advance.
4. We are dealing with a shrivaled, decimated financial landscape of limited liquidity after worldwide losses equal to GDP of entire word, so many hedge funds closed ,so many of our own friends & acquaintances having left the market for good.
As you have said it well, there is always a fifty/fifty chance. I t is so true these days, no need to get excited on a rally and morose on steep decline. I find it easy to short, if I have made money on long side and buy the low, if I have been short.
: DoubleTake:
Hope you are right, that we have arrived in the land of " buy the dips ".
All the action is in financials , being pumped even when s&p is down.
Money management man, move in 3 installments and out the same way.
With price of copper moving up I think next pump will be in UYM, Will try to take some position tomorrow at lower prices.
BAC still up .5 , a lot of room below.
As I posted before it is one sector at a time that will be pumped & dumped. Real estate & materials were mere spectators today. Poor action ( on upside ) in MS encouraged me to hold to my positions.
Thankgoodness, held my position & faith in skf & faz.
Relief for shorts on the way. Dead cat bounce in C, BAC, while MS is down by.5. SKF staring to move up.
It must be my wording of it, it was in Bloomburg, a hedge fund took 10% position in skf. If you look at the chart in last 3 months skf has taken several trip to 200. Each time it is sold off with abandon.
I have traded fas recently from 2.5 to 5.2 and now moving into faz and skf.
As for crash I was siding with Tech that after this rally we might retest the lows or worse, as momentum in financials and fas was fading. This rally was build around financials, materials uym were noticably absent.
Hey Tech, yes we are seeing new face of a shrivaled wall street. Unable to manipulate the whole market they will shake one sector at a time. In Dec - Jan first week, it was material stocks ( UYM ) beig pumped and later dumped. Now it is finacials, being weak and constantly in the news, skf& faz are the vehicles to push financials down. As they approach their target they sell them with abandon. Skf was at half and faz a third of their recent highs. I think another trip towards 200 for skf is in order,jmho.
Thanks Chuck. enjoy the weekend with your grandson. I was in FAS from 2.5 and now took a small position in SKF & FAZ