34 replies to this topic

[Mr Dev]

Uh-oh ! The "C" word. The bear killer !. The bottom is in

well I did say last week I'd be holding till Thursday. So I'm ready to flip if necessary.

there I've just un-jinxed it. lol

Edited by Mr Dev, 06 May 2010 - 02:36 AM.

[dasein]

yesterdays ISEE net was 65, with index # at 29 - we had a bounce from 65, the 52 wk low before, so we should again, however the index # says this isnt over to the downside. as to the news, the market has been in distribution for months now, so news will be used to markup a spike up, and bad news should create panic as per spooky's post - i think we are going to get both for a while, and every spike up should be sold. This Greece thing is going to get more interesting - especially as the mood in Europe is getting polarized and reporting is starting to come out in the very mainstream that this is not a bailout of a country or people, but another bailout of the banks. If we see some general strikes in France and Germany (there is some talk), it could mean the banks days are numbered.

[Mr Dev]

Well Dev, now you've got my interest. You've got an oscillator based on CPC that is predictive and leads the market. You've said it was a pretty picture and you know a picture is worth a thousand words. Would you kindly post a chart so we could see it in real time? You could keep the settings hidden if you feel this is not for sharing at large, but I'd just like to see how it behaves. My guess is that it didn't work in calling a top the........ Care to share a pic?

Doc

Sorry not at this time, but no harm in asking.



Also to everyone...I hope some folks were protected as we really did see a decent collapse of about 1000 POINTS today and numbers not seen since the 1987s decline.

I wasn't trying to punish anyones else's calls or views ,.. just trying to help, and appreciate all your patience.

best

Edited by Mr Dev, 06 May 2010 - 03:13 PM.

[Echo]

Well Dev, can't say anything other than you nailed that one. Great job and thanks for posting. Now comes the tough part. We are in the upper end of a pretty big range for today. Is the downside over? Afterall, today wasn't a crash by the end of the day. We've had much bigger down days over the past couple of years. Doc

[Mr Dev]

expecting crash is pure day dreaming...as of now..

Forgot to thank you for your opinion