Hello All- Since there is quite a bit of Bearish perspective about the market currently and it is definitely founded. I would like to throw out something bullish....
Technology has been improving.... Semiconductor Book-to-Bill is at 1.17 and is improving steadily every month.
AAII Sentiment is 55.5% Bears and only 22% Bulls. This low number bulls usually show up close to a bottom.
Rydex Ratio shows an increase in bearish positions that matches up with the last 4 short - medium term bottoms over the last 5 months. There has already been a lot of money pulled out of bullish positions with money now waiting on the sidelines.
Barry
Bullish Signs
Started by
qqqqtrdr
, Nov 05 2009 07:39 AM
5 replies to this topic
#2
porsche911sg
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Posted 05 November 2009 - 08:18 AM
Yes I see your point. i am suspecting an ST bottom, but the market may have peaked out. So i am still flat after closing yuesterday's short.Hello All- Since there is quite a bit of Bearish perspective about the market currently and it is definitely founded. I would like to throw out something bullish....
Technology has been improving.... Semiconductor Book-to-Bill is at 1.17 and is improving steadily every month.
AAII Sentiment is 55.5% Bears and only 22% Bulls. This low number bulls usually show up close to a bottom.
Rydex Ratio shows an increase in bearish positions that matches up with the last 4 short - medium term bottoms over the last 5 months. There has already been a lot of money pulled out of bullish positions with money now waiting on the sidelines.
Barry
Everything points to a ST bottom, even the tape. So i'll be out till I can add short positions.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#3
JAP
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Posted 05 November 2009 - 08:24 AM
Bullish? 
A key reversal/major distribution has already happened. The top was put in at 1100.
Just stay short and take a sleeping pill that lasts for a few months... that will get you over the bumps. When you wake up, you'll be very happy.
A key reversal/major distribution has already happened. The top was put in at 1100.
Just stay short and take a sleeping pill that lasts for a few months... that will get you over the bumps. When you wake up, you'll be very happy.
#4
selecto
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Posted 05 November 2009 - 08:28 AM
Old Joke: Rip Van Winkle woke up and tried to call his broker, but he didn't
have a $500 dollar coin for the pay phone.
#5
beahero
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Posted 05 November 2009 - 08:35 AM
Just stay short and take a sleeping pill that lasts for a few months... that will get you over the bumps. When you wake up, you'll be very happy.
Good advice.
"Be right, and sit tight" J.L.
#6
qqqqtrdr
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Posted 05 November 2009 - 09:57 AM
Just stay short and take a sleeping pill that lasts for a few months... that will get you over the bumps. When you wake up, you'll be very happy.
Good advice.
"Be right, and sit tight" J.L.
I don't here.... I've tried it this way and lost .... I do have 9 trend indicators however, that if they all agree I will go short and ignore all other indicators... So for it is not a lock but has been close. Currently 8 of the 9 indicators ( All lagging indicators ) are bearish... Weekly MACD on SPX and NASDAQ is still bullish but barely.... We need a good rally today with participation to turn this around to be more bullish... However, currently with so many bearish trend charts I will sell and go short when we get at least a little overbought....
Barry
