6 replies to this topic

[pdx5]

Tim Ord has been bearish for some time and the market has not cooperated. Snippet from his comments: NYSE Market: A significant top is developing near current levels. The same bearish divergences between the NYSE and the Summation index are appearing now as in the previous tops of May 2005, October 2005 and May 2006. Option Expiration week is this week and usually has a bullish bias. Over the last ten years the SPX has seen twice where the market up six months in a row. In ten years the SPX only once and seen a market up seven months in a row. (which is the current rally phase). Can the market advance 8 months in a row, maybe, but the market is very extended and is like stretching a rubber band to the max. The next decline will start and will start soon. The next decline will correct the rally phase that started from the 2002 low and will be the biggest correction that has been seen from the 2002 bottom We are short the $SPX at 1381.95. Our longer term target on the SPX is the 1140 range. Nasdaq 100 market: Below is the weekly Nasdaq 100 chart. The weekly MACD has had a bearish crossover and has triggered a sell signal for the intermediate term. The MACD also triggered a sell signal back at the January 2006 top. The weekly bar of January 19 tested the previous week high of January 12 on lighter volume and closed below the January 12 high triggering a sell signal. Therefore momentum (MACD) and volume studies have triggered sell signals. Acceleration to the downside should occur on a close below the 1750. We hold an average short position on the Nasdaq at 2378.59 which equates to 1750 range on the NDX. Our downside target on the NDX is near the 1400 level. <http://www.ord-oracl...ph021407-2.png>

[fib_1618]

We are short the $SPX at 1381.95

Yikes!

Fib

[Bob-C]

Tim Ord has been bearish for some time and the market has not cooperated.

Snippet from his comments:

NYSE Market:

A significant top is developing near current levels. The same bearish divergences between the NYSE and the Summation index are appearing now as in the previous tops of May 2005, October 2005 and May 2006. Option Expiration week is this week and usually has a bullish bias. Over the last ten years the SPX has seen twice where the market up six months in a row. In ten years the SPX only once and seen a market up seven months in a row. (which is the current rally phase). Can the market advance 8 months in a row, maybe, but the market is very extended and is like stretching a rubber band to the max. The next decline will start and will start soon. The next decline will correct the rally phase that started from the 2002 low and will be the biggest correction that has been seen from the 2002 bottom We are short the $SPX at 1381.95. Our longer term target on the SPX is the 1140 range.

Nasdaq 100 market:
Below is the weekly Nasdaq 100 chart. The weekly MACD has had a bearish crossover and has triggered a sell signal for the intermediate term. The MACD also triggered a sell signal back at the January 2006 top. The weekly bar of January 19 tested the previous week high of January 12 on lighter volume and closed below the January 12 high triggering a sell signal. Therefore momentum (MACD) and volume studies have triggered sell signals. Acceleration to the downside should occur on a close below the 1750. We hold an average short position on the Nasdaq at 2378.59 which equates to 1750 range on the NDX. Our downside target on the NDX is near the 1400 level.

<http://www.ord-oracl...ph021407-2.png>

Hi pdx5, thanks for the information.

Good luck on your trades,

Bob-C

Edited by Bob-C, 15 February 2007 - 01:02 PM.

[da_cheif]

actually he started shorting a year ago Longer Term Trend monitoring purposes: Short SPX On 3/21/06 at 1297.23.

[fib_1618]

Short SPX On 3/21/06 at 1297.23.

Double Yikes!

Trading like this gives a whole new meaning to the word "broad", doesn't it?

The same bearish divergences between the NYSE and the Summation index are appearing now as in the previous tops of May 2005, October 2005 and May 2006.

So, I guess, if you truly believe in what you think the market "should do", and it fails to do so three times before under the same circumstances, you continue to hope that this time will be different instead of looking for the reasons why the prior times didn't give you the desired results?

Fib

[da_cheif]

i tried to talk to him about that.......stubborn.......he was doin really good when he depended on his %volume indicator in conjuntion with the 5 day arms.....then he got onto some other ********.....and forgot the stuff that worked well for him......

[jmicou]

actually he started shorting a year ago

Longer Term Trend monitoring purposes: Short SPX On 3/21/06 at 1297.23.