No low today.
I'm highly confident of that.
That said, we're going to start getting some fairly reliable Buy signals soon. This crew here will be heavily long at the low, if history is any guide.
Mark
Sentiment Says,
Started by
OEXCHAOS
, Mar 22 2017 09:26 AM
16 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 22 March 2017 - 09:26 AM
Mark S Young
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#2
lawdog
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Posted 22 March 2017 - 09:31 AM
you have way too much confidence in this crew.
#3
lawdog
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Posted 22 March 2017 - 09:34 AM
you have way too much confidence in this crew.
of whom I am one!
#4
alexnewbee
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Posted 22 March 2017 - 09:54 AM
Well, if we left THE top behind us - and there is a good chance we did, probably a low could be in, for a short squeeze. But the low will come somewhere in 2019..
"we do G.d's work" Lloyd Blankfein
#5
OEXCHAOS
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Posted 22 March 2017 - 10:28 AM
you have way too much confidence in this crew.
of whom I am one!
I've been polling this board for 16 years. I can only remember about 3 instances when they weren't heavily long at a low or heavily short at a high.
JS.
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#6
lawdog
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Posted 22 March 2017 - 10:41 AM
my recent experience says otherwise; 16 yrs, meh.
#7
tommyt
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Posted 22 March 2017 - 10:55 AM
For day/swing traders, keep shorting RUT/IWM into pivot points...its the one.
#8
lawdog
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Posted 22 March 2017 - 01:26 PM
Concerning my point that the FF'ers will not get it right at the bottom, look at the polls from 11/8 thru 11/14, all net short. or look at 2/11 thru 2/11 of 2016, start of an incredible run, and again, net bearish nearly every day. So I think the poll is a contrary indicator. It didn't get modestly bullish until May, when markets finally leveled out for a while. Maybe it worked for you for 15 years, but I don't see it now. I have hit on this point several times and wonder what I am missing. Those archived numbers seem pretty clear.
#9
OEXCHAOS
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Mark S. Young
Posted 22 March 2017 - 03:34 PM
11/4/16 40% Long Bulls.
6/28/16 42% Long Bulls.
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#10
Charvo
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Posted 22 March 2017 - 06:55 PM
This market has headwinds and tailwinds. KBE is looking like garbage now. I can't imagine the market not going down with KBE going into the tank. However, EEM is strong. EEM is an indicator of dollar liquidity.
I think we get a quick Brexit-like dip after this rally. Since the dollar liquidity is so high, I think it gets bought rather quickly just like with the Brexit dip.
I'm long QQQ and XLP, but I'm looking to dump the QQQ longs pretty quickly. XLP is a keeper.
