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Market is waiting for a spark

Started by RagingSpartan , Feb 10 2016 01:10 PM

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22 replies to this topic

#1 RagingSpartan

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Posted 10 February 2016 - 01:10 PM

Too much money on the bear side. market is cheap relative to 10 year yield. Patience is the game here on the long side.

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#2 SemiBizz

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Posted 10 February 2016 - 01:15 PM

Long side has too much brain damage - draw downs.

I see a bounce here as volume lightens up... good for a quick trade.

I don't see anything "all clear", not even close to that.

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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#3 CRUISENAL

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Posted 10 February 2016 - 01:40 PM

My guess is they close higher that currently at 1867. Then run it tomorrow near 1890, then a sharp pullback followed by a rally to 1935-1940. That should end this move, But then I think 1800 or slightly less to shake out the Bulls and then reverse up in a 8 week rally.

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#4 RagingSpartan

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Posted 10 February 2016 - 01:43 PM

Semi. 3 weeks and no price change. Yet look at the increase in bearish money flow. Patience....

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#5 SemiBizz

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Posted 10 February 2016 - 01:50 PM

Nasdaq just fell to a new low... there's been quite a bit of change...

RUT made a new low.

SOX made a new low.

I don't believe in patience when it comes to brain damage.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics

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#6 risk_management

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Posted 10 February 2016 - 01:51 PM

My guess is they close higher that currently at 1867. Then run it tomorrow near 1890, then a sharp pullback followed by a rally to 1935-1940. That should end this move, But then I think 1800 or slightly less to shake out the Bulls and then reverse up in a 8 week rally.

When do you anticipate 1935-1940 levels will be reached time wise? TIA

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#7 q4wer

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Posted 10 February 2016 - 03:43 PM

I see 1680 first. This country from president to FED, all wants the OIL companies to go bankruptcy and Banks to go with them.

This OIL downdraft has been started from when Obama visited Saudi Arabia. They want to win the republic in election. Demo wants all oil-ers and bank-ers go turn eyes into all white.

Cheers!!!

Edited by q4wer, 10 February 2016 - 03:45 PM.

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#8 q4wer

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Posted 10 February 2016 - 03:44 PM

until some big names go to bankruptcy, short !

Edited by q4wer, 10 February 2016 - 03:45 PM.

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#9 risk_management

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Posted 10 February 2016 - 03:44 PM

I see 1680 first. This country from president to FED, all wants the OIL companies to go bankruptcy and Banks to go with them.

This OIL downdraft has been started from Obama visited Saudi Arabia. The want to win the republic in election. Demo wants all oil-ers and bank-ers go turn eyes into all white.

Cheers!!!