41 replies to this topic

[ogm]

Just as a side comment. Fed's mouthpiece Hilthenrath has published an article in WSJ over the weekend. The Fed is starting to signal that the slowdown in purchases is coming. Of course its not going to be done immediately or fast, and they'll publish more articles to test the waters on how the markets will react before they act. They'll make sure the market is ready for it. And the market is starting to get ready. Starting today.

Edited by ogm, 13 May 2013 - 12:37 PM.

[SemiBizz]

Let's stay on point. There's nothing at all bearish about up and to the right.. And that's what we have so far... All except SOX today.

[ogm]

Let's stay on point.

There's nothing at all bearish about up and to the right..

And that's what we have so far...

All except SOX today.

Sigh. You did make me look for it after all

Chart from this thread :
http://www.traders-t...amp;hl=new high

The fact remains, this is a rare occurrence and preceded more tops then bottoms. Short term tops or long term tops.
So if anyone wants to argue, argue with that chart. I'm just a messenger

Edited by ogm, 13 May 2013 - 01:25 PM.

[no_mind]

Let's stay on point.

At the moment the NDX & SPX on the 60min charts have broken out and are coming back to test the b/o. However, the Dow is another story as it seems to be having its problems and hasn't broken out.

[SemiBizz]

So to me, I don't see anything at all bearish until I see some lows broken on volume.

Now, tell me how this is bearish.

WE ARE NOT EVEN TESTING THE PREVIOUS DAY'S LOWS....

You can think you see something in these indicators...

But until you see something broken, it isn't

http://stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=1&dy=0&i=t37606935971&r=1368469630141$.png


Show me at least ONE of these broken, meaning a CLOSE under the PREVIOUS LOW. Then it only STARTS to be BEARISH.


Let's KEEP IT REAL....

[SemiBizz]

Whether people realize this or not... There is a PROCESS going on here. It started Last Year with NEW HIGHS ON THE DJT and RUT Then there was DJIA 14,000, then the DJIA HIGH. Then we shifted to the SPX... we got over that high and then some. Then we shifted to the BKX... we tested that high last week, and we're back to a new high today. NEXT, is going to be 1410 on the XOI. I'm sure the BurningMan has a big scoreboard on his WALL OF SHAME(LESS) down there at the F'eds... They cross off one milestone after another... Print Money til the cows come home and drink champagne on every milestone. Live it up, drink it up as long as the party lasts... There will be a bill at the end of the night. And we are ALL GOING TO PAY.

Edited by SemiBizz, 13 May 2013 - 01:44 PM.

[SemiBizz]

So as I said earlier... the SOX was the only major one I found that tested it's previous low today..

Here's what "Starting to look Bearish" Looks like:

http://stockcharts.com/c-sc/sc?s=INTC&p=D&yr=0&mn=1&dy=0&i=t29343190730&r=1368471808202$.png

So we'll see where it closes...

[ogm]

So as I said earlier... the SOX was the only major one I found that tested it's previous low today..

Here's what "Starting to look Bearish" Looks like:



So we'll see where it closes...

Well, its a start Its gotta start somewhere, right ?

No one knows what the top tick or the final candle of this rally is going to look like. I'm guessing it will be something uneventful. Like today.

High complacency, while prices slowly weaken. And then it will turn out that it was the IT peak.

I do think that 2 to 1 negative a/d ( and yes, its 2 to 1 negative now, as it has been erroding steadily ) is not looking good on the day SPX is hitting yet another all time high.

[SemiBizz]

Yes, there are things for bears to do....

http://stockcharts.com/c-sc/sc?s=SOXS&p=D&yr=0&mn=1&dy=0&i=t11986915772&r=1368472556945$.png

We'll see if this one can close over the previous high or not...

[viccarter]

Whether people realize this or not...

There is a PROCESS going on here.

It started Last Year with NEW HIGHS ON THE DJT and RUT

And we are ALL GOING TO PAY.

No, it all started with the VAY index leading, pushing to all time highs and others followed. And yes, we will pay.