38 replies to this topic

[DrSP]

Boy...what a single relief rally will do to sentiment.

Be very careful here folks...today was NOT a good day as far as I can see.

In fact, I'm starting to get very concerned here.

But what do I know?

Fib

I was actually thinking about you as you had a sell signal at 1165.

[Echo]

Fib, keep an eye on the blips, nymo and namo not even there yet. Also, take a look at your close-only SPX cash closing point today in relation to the recent range expansion off the Oct lows. Doc

[senorBS]

Boy...what a single relief rally will do to sentiment.

Be very careful here folks...today was NOT a good day as far as I can see.

In fact, I'm starting to get very concerned here.

But what do I know?

Fib

Fib, could you extrapolate on what about today has caused this concern?

Senor

[IYB]

Boy...what a single relief rally will do to sentiment.

Be very careful here folks...today was NOT a good day as far as I can see.

In fact, I'm starting to get very concerned here.

But what do I know?

Fib

I'm with you Fib, as Seven Sentinels are locked tight in SELL mode. But what do we know. D

http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&st=2011-07-01&en=2011-12-30&i=p54258309565&a=225433288&r=687.png

[senorBS]

Boy...what a single relief rally will do to sentiment.

Be very careful here folks...today was NOT a good day as far as I can see.

In fact, I'm starting to get very concerned here.

But what do I know?

Fib

I'm with you Fib, as Seven Sentinels are locked tight in SELL mode. But what do we know. D

http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&st=2011-07-01&en=2011-12-30&i=p54258309565&a=225433288&r=687.png

I'll say this amigos as I respect your work mucho, I think it goes norte but there is no room for any big decline from here IMO, I will exit all longs on anything more then a 50% S&P retracement of the rally from Friday's lows. These markets are not to trifle with.

NO BS


Senor

[outsider]

Fib:

I also see no change to a treacherous market which has beaten up both bull and bear traders as well as long term holders. Thinking to buy significant dips but not hold past my set time clock, win or lose, sparingly on shorts. Possibly use option stratagies.

But also to quote Sargent Shultz of Hogan's heros TV series: "I know nuthings"!

Out

Boy...what a single relief rally will do to sentiment.

Be very careful here folks...today was NOT a good day as far as I can see.

In fact, I'm starting to get very concerned here.

But what do I know?

Fib

[OEXCHAOS]

Weekly is negative. Daily is iffy, but mostly negative. ST is positive. Bottom spotters are positive. Advisors are short. And, well, it's hard to get too Bearish at this time of year. BUT a Bear market is a Bear market. Respect it. I may not be long after Jan. 1. Hell, I may not be long by the end of the week, but I think I will. M

[senorBS]

Weekly is negative. Daily is iffy, but mostly negative. ST is positive. Bottom spotters are positive. Advisors are short. And, well, it's hard to get too Bearish at this time of year.

BUT a Bear market is a Bear market. Respect it. I may not be long after Jan. 1. Hell, I may not be long by the end of the week, but I think I will.

M

I think the gist of all this is that you can only be a trader here, not get married to any scenario, be muy nimble and don't be too agressive in any positions. I agree with Mark but I will have a muy rapido trigger finger.

Senor

[fib_1618]

I was actually thinking about you as you had a sell signal at 1165.

Keeping in mind that the BETS is an intermediate term indicator of marketplace "personality", to have a nice day higher against a just given sell signal is probably more advantageous than selling on lower prices, don't you think?

keep an eye on the blips, nymo and namo not even there yet.

Being that we were so deeply "oversold" last week that even Helen Keller could had called today's reflex rally without any real knowledge of market mechanics, I find it insightful on how certain personalities have all but embraced today's technical bounce as something remarkable because the majority thought it couldn't be done. This kind of arrogance is not at all associated with price bottoms of lasting duration.

Yup...blip resistance remains, no less, texture....It's gonna take a while.

could you extrapolate on what about today has caused this concern?

The usual suspects Senor...but today's NYSE TRIN of .13 is probably the most concerning given where it took place.

ISEE at 187 is another brow raiser, but it really comes down to the velocity of money and its amplitude.

Bottom line...anyone who's being doing this kind of thing for any length of time knows that today is but one day, and a reasonable expectation after the market had a nasty technical breakdown last week.

We'll see how tomorrow goes..it's still a hit and run market.

Fib

[CLK]

I was actually thinking about you as you had a sell signal at 1165.

Keeping in mind that the BETS is an intermediate term indicator of marketplace "personality", to have a nice day higher against a just given sell signal is probably more advantageous than selling on lower prices, don't you think?

keep an eye on the blips, nymo and namo not even there yet.

Being that we were so deeply "oversold" last week that even Helen Keller could had called today's reflex rally without any real knowledge of market mechanics, I find it insightful on how certain personalities have all but embraced today's technical bounce as something remarkable because the majority thought it couldn't be done. This kind of arrogance is not at all associated with price bottoms of lasting duration.

Yup...blip resistance remains, no less, texture....It's gonna take a while.

could you extrapolate on what about today has caused this concern?

The usual suspects Senor...but today's NYSE TRIN of .13 is probably the most concerning given where it took place.

ISEE at 187 is another brow raiser, but it really comes down to the velocity of money and its amplitude.

Bottom line...anyone who's being doing this kind of thing for any length of time knows that today is but one day, and a reasonable expectation after the market had a nasty technical breakdown last week.

We'll see how tomorrow goes..it's still a hit and run market.

Fib

I went 50% long.

Edited by CLK, 28 November 2011 - 08:20 PM.