14 replies to this topic

[SemiBizz]

That's right, Nasdaq.

contrast the compression and expansion in the daily candles here with what you see on this chart there are lots of gaps and very wide range days well over 100 pts. and 100 pts gaps up and down and what that sets up is a mine field of unstable prices, slip zones with no resistance established. These computers only know how to push things to the next target up or down, and anything in between is heavy trending or gaps. This is an environment you had BETTER BE RIGHT... First you have to let go of any preconceived notions you have about the market, valuation... if you haven't already...

Here's the chart from late 99-2000

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

Ain't that a horror show if one was short? WOWZAs

Today's Nasdaq, Making New 13 year highs now, but look at the expansion here, is that setting up higher prices and more rally ahead in a new world of intensely larger trading ranges and huge gaps? Maybe. And maybe it's the high. Let's see what happens after they are done with the pigs SPX and DJIA.

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

[SemiBizz]

See this double bottom off the top at 3200?

It's called SUPPORT, for a big and bad Parabolic World, and that's exactly where we stand today.

From the high 5100 area to 3200 in a little over a month.

Heck it had taken almost 4 mos to go from 3200 - 5100.

about 2000 pts. Do not dismiss this possibility.

It makes as much sense now as it did then... ZERO.

Doesn't have to, not at all.

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


And once these indices start carving new territory like we see in DJT, RUT, there's no history, so there's only Fibs to work off of for resistance... And once that expansion starts, only a fool is going to bet his life savings on where it will stop just based on a Fib number.

[Rogerdodger]

It makes as much sense now as it did then... ZERO.

This week's Economic news, concluding with the monthly Employment number could be the creek jumper. http://www.nasdaq.co...px#.UTJYYVe87ro
Bullish sentiment is dropping like a rock.
Strong rallies into mid March are the norm.
(See: AAII & Tickersense Bulls turn tail)


Don't fight the FED and Uncle Ben indicates they will hold all of that debt forever, as they keep buying more.
The markets rose on his reassurance.
"In his speech, Bernanke said that based on current economic forecasts long-term interest rates are expected to rise only gradually in the next several years. He said that under these forecasts, long-term rates for 10-year Treasury bonds might rise by between two and three percentage points between now and 2017. The 10-year Treasury is currently trading around 1.9%."
http://www.usatoday....-rates/1958587/

http://stockcharts.c...62254977406.png

Edited by Rogerdodger, 02 March 2013 - 03:30 PM.

[dasein]

possible wolf wave to 4100 - 4200 thereabouts

[CLK]

I can see a possible breakout, but looks more like a top to me. I try to carry some long and short positions at times like this.

[tomterrific14]

It makes as much sense now as it did then... ZERO.

This week's Economic news, concluding with the monthly Employment number could be the creek jumper. http://www.nasdaq.co...px#.UTJYYVe87ro
Bullish sentiment is dropping like a rock.
Strong rallies into mid March are the norm.
(See: AAII & Tickersense Bulls turn tail)


Don't fight the FED and Uncle Ben indicates they will hold all of that debt forever, as they keep buying more.
The markets rose on his reassurance.
"In his speech, Bernanke said that based on current economic forecasts long-term interest rates are expected to rise only gradually in the next several years. He said that under these forecasts, long-term rates for 10-year Treasury bonds might rise by between two and three percentage points between now and 2017. The 10-year Treasury is currently trading around 1.9%."
http://www.usatoday....-rates/1958587/

http://stockcharts.c...62254977406.png

Possible IT or LT Top, GOOG: Gap measurement : Nov Low to midpoint of Jan gap=$83. plus midpoint at 720=803, or 812, using percentages.

[Rogerdodger]

I don't like the RSI divergences seen just about everywhere. I have also seen those disappear without price correction, at least immediately. Bearishness is pretty thick. Remember that air speed is different than ground speed and we have a huge tailwind with the FED blower on full autopilot.

[pdx5]

Mid-April the bears will wake up from hibernation, and they will be hungry!

http://money.cnn.com...pending-saving/

[NAV]

Heck it had taken almost 4 mos to go from 3200 - 5100.

about 2000 pts. Do not dismiss this possibility.

It makes as much sense now as it did then... ZERO. - See more at: http://www.traders-t...h.P4WS520Y.dpuf

Ok C-H-E-I-F !

Edited by NAV, 03 March 2013 - 12:02 AM.

[slupert]

possible wolf wave to 4100 - 4200 thereabouts

They couldn't drag retail money into this market with a team of wild horses. You won't see a 1999 style. parabolic move until then.
All your seeing is the FED force the boyz to pass money arpund between themelves, nothing uner it but air.