Imho, opex helps more to reveal overall market direction and one should consider that the most hurt is done on an every-day basis as 90% loose anyway.
What Would Hurt The Largest Number?
Started by
OEXCHAOS
, Feb 12 2008 08:41 AM
42 replies to this topic
#22
OEXCHAOS
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Mark S. Young
Posted 12 February 2008 - 10:26 AM
Hayrake NEVER talked about bottoms!
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#23
typicalbear
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Posted 12 February 2008 - 10:27 AM
Imho, opex helps more to reveal overall market direction and one should consider that the most hurt is done on an every-day basis as 90% loose anyway.
#24
NAV
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Posted 12 February 2008 - 10:28 AM
Bottom ? What kind of a bottom are we talking about? VST, ST, IT, LT ? Is the rally gonna last one day, one week, one month ? New ATHs or not ?
It would be nice if one can assign a timeframe to the bottom that we are talking about.
Why NAV... As Hayrake would have put it... THEE BOTTOM, of course.
Yep. The cycle has reversed now. We should see these umpteen reverse-Hayrake predictions over the next few months or perhaps years.
#25
Kimston
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Posted 12 February 2008 - 10:49 AM
One thing that could suck in more bag holders would be if CNBC or Bloomberg interviewed some highly respected and successful stock wizard that tells everyone stocks are fairly valued and the worst is behind us. This is all hypothetical of course, but if the smartest market man in the world says buy, that could start a rally that lasts a couple days/weeks and get a lot on the wrong side. Buying rallies in a bear market will likely prove as painful as shorting sell-offs in a bull market.
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#26
milbank
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Posted 12 February 2008 - 11:25 AM
If he did at this point, he wouldn't be.One thing that could suck in more bag holders would be if CNBC or Bloomberg interviewed some highly respected and successful stock wizard that tells everyone stocks are fairly valued and the worst is behind us. This is all hypothetical of course, but if the smartest market man in the world says buy, that could start a rally that lasts a couple days/weeks and get a lot on the wrong side. Buying rallies in a bear market will likely prove as painful as shorting sell-offs in a bull market.
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#27
NAV
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Posted 12 February 2008 - 11:38 AM
Since i never got any response to my question on the timeframe, i will go ahead and assume that no one here has any conviction as to how long the rally would last or how sustainable a bottom we have put in. Bunch of nervous momo players ready to exit on a dime ?? Maybe. We should know the answers in a day or two.
#28
SemiBizz
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Posted 12 February 2008 - 11:41 AM
My answer is that we had a bottom on the full moon in January, we'll see the top on the full moon in February and then make a "new and improved" bottom around March 13-15 timeframe..
around March 13-15 timeframe..
Edited by SemiBizz, 12 February 2008 - 11:43 AM.
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Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#29
ogm
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Posted 12 February 2008 - 11:49 AM
Since i never got any response to my question on the timeframe, i will go ahead and assume that no one here has any conviction as to how long the rally would last or how sustainable a bottom we have put in. Bunch of nervous momo players ready to exit on a dime ?? Maybe. We should know the answers in a day or two.
It will last long enough to make the bears bullish again
#30
TMN
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Posted 12 February 2008 - 12:19 PM
Since i never got any response to my question on the timeframe, i will go ahead and assume that no one here has any conviction as to how long the rally would last or how sustainable a bottom we have put in. Bunch of nervous momo players ready to exit on a dime ?? Maybe. We should know the answers in a day or two.
from what i hear no institutional is buying neither in size nor breadth... more the s/t guys involved today... this probably tells the story with rgds to sustainability of this move...
