35 replies to this topic

[relax]

Too many people are thinking like you - me also - and the morons are shorting ;-)

once people start buying into this paris hilton move we should start to see some selling

cpi/ppi date in two weeks should be a turning point for the market - until then well to da moon as semibizz and chief indicate

This market is not supposed to go up there are less new highs, less advancers, less upside volume than the days' before, everything deteriorated since the first day of the rally, cyclically it is about time to turn down. I am pulling my hair out here, I don't understand this market...

[arbman]

Cycles...

The only way to time the market is using the cycles in conjuction with the momentum. You can pick any date for a turn when the market deteriorates, it just improves the odds.

Too many people are thinking like you - me also - and the morons are shorting ;-)

I don't think so many are selling short at the moment, not in the equity P/C that is...

But one thing is for sure, the dealers will be holding the prices up while the buyers are still around...

[SemiBizz]

Moooo mentum... Nasdaq going to make new high now in final 45 min of trade.

This market is not supposed to go up there are less new highs, less advancers, less upside volume than the days' before, everything deteriorated since the first day of the rally, cyclically it is about time to turn down. I am pulling my hair out here, I don't understand this market...

You listening to da wrong music... Toldya last week, get out the Miles Davis.. the dissonence plays well...

Edited by SemiBizz, 05 July 2007 - 02:13 PM.

[SemiBizz]

It looks to me like we're about to close on a frenzy here... what's it going to take to kill this bearishness? Finish on the highs and ANOTHER GAP UP tomorrow? how about 4 more? What does it take? edit: BINGO ! there's the new Nasdaq high I promised. Did you guys FORGET that I'm pretty much the KING of the BEARS on this site?..... There ain't NOTHING BEARISH GOING ON HERE.... Not yet, anyway... Might as well join in the Euphoria.. don't fight it...

Edited by SemiBizz, 05 July 2007 - 02:43 PM.

[SemiBizz]

Here's another look today vs 2003, the one I envisioned as the pattern for this year...



http://bigcharts.mar...&mocktick=1.gif



2003

http://bigcharts.mar...&mocktick=1.gif



The 2003 chart implies there might be a decent pullback in the cards.... but look it's only .25 retracement of the a to b leg... We couldn't even get that done today.


These are FAST UPTREND market conditions. If you stand in front of it at wrong time, you are ROAD KILL. Nobody really knows when it's going to quit, but we understand the parameters of what it takes to prove that it has ended....

Edited by SemiBizz, 05 July 2007 - 02:58 PM.

[arbman]

You listening to da wrong music... Toldya last week, get out the Miles Davis.. the dissonence plays well...

Only scalps here for longs, the risks are only increasing from here, this market is falling apart with every point that it advances imho, if I had to commit fully in one direction, it would be the short side. I was short going into this morning and I must say I am quite disappointed with the bearish side though...