Replies to post #21953 on Zeev's Turnips Patch-No Politics (ZEEV)

[Paul A]

I think its just more whipsawing.. Interesting article I wish I had a link to, but the author was speaking about the amount of books sold over the last 6 months.. SHort selling obviously, but the number of books on technical analysis was stunning.. also he mentioned charting services offered on the internet and TA software like e-signal etc etc..

Just made me wonder.. What effect if any will this have on the markets behavior over the short term- say 1-3 days etc etc.. Heck- maybe ill get e-signal and start trading the breaks where people are alerted to stop out or buy.. Hmmmm.. : )

[Chris McConnel]

Nice rally today in the thirty-year and corporate bonds. Rotation out of equity and into bonds?

If the naz-whack breaks 1263, it could still bounce off 1200, forming a triple bottom.

-Chris

[All Mtn Ski]

the forecast of one of those gurus of a 1500 decline in the Dow coming around in one day, any day now.



That smacked of such hype and fear that a good politician would panic! My godness, somebody find that guy a vulnerable seat, cause he is good! <bg>


While I'm not bold enough to say we couldn't have another big drop (1500/8300 Dow = 18.07% or more), history and probability tells us it is very unlikely. Throw contrarianism in there as well, and you may have a medal-worthy theory. <g>


A-M-S