10% move down from the top of qqqq started today

Target about 35.5. What happens after that only ********* knows but hopefully it goes all the way to the lows. Good day.

objections: One, bringing the tooth fairy, santa, and "your guy in the sky" in to this - who should the atheists turn to for such information?: This needs to addressed, after all only 92% of Mericans "believe", equal rights for the other 8% ! Second: Why do you say "hopefully" the market will be lower? Hopefully for who? You? Your own position? Is every 401k and mutual fund holder also hoping the market is lower? Short term "long" traders want losses? Third: "10% down from the top started today" I can't stand it anymore. News flash: YOU do NOT know what will happen in five minutes, tomorrow, next week. Isaac, nothing personal in my rant, no offense. Narcotics for my back pain put me on speaker phone, I can't help myself.

Edited by norton, 27 July 2009 - 10:06 AM.

objections:

One, bringing the tooth fairy, santa, and "your guy in the sky" in to this - who should the atheists turn to for such information?:
This needs to addressed, after all only 92% of Mericans "believe", equal rights for the other 8% !


Second: Why do you say "hopefully" the market will be lower?

Hopefully for who? You? Your own position?

Is every 401k and mutual fund holder also hoping the market is lower? Short term "long" traders want losses?


Third: "10% down from the top started today"

I can't stand it anymore. News flash: YOU do NOT know what will happen in five minutes, tomorrow, next week.


Isaac, nothing personal in my rant, no offense. Narcotics for my back pain put me on speaker phone, I can't help myself.

objections:

One, bringing the tooth fairy, santa, and "your guy in the sky" in to this - who should the atheists turn to for such information?:
This needs to addressed, after all only 92% of Mericans "believe", equal rights for the other 8% !


Second: Why do you say "hopefully" the market will be lower?

Hopefully for who? You? Your own position?

Is every 401k and mutual fund holder also hoping the market is lower? Short term "long" traders want losses?


Third: "10% down from the top started today"

I can't stand it anymore. News flash: YOU do NOT know what will happen in five minutes, tomorrow, next week.


Isaac, nothing personal in my rant, no offense. Narcotics for my back pain put me on speaker phone, I can't help myself.

This has to do with overbought conditions and that is all I am basing it on. It should drop 10% in the next week or so.

objections:

One, bringing the tooth fairy, santa, and "your guy in the sky" in to this - who should the atheists turn to for such information?:
This needs to addressed, after all only 92% of Mericans "believe", equal rights for the other 8% !


Second: Why do you say "hopefully" the market will be lower?

Hopefully for who? You? Your own position?

Is every 401k and mutual fund holder also hoping the market is lower? Short term "long" traders want losses?


Third: "10% down from the top started today"

I can't stand it anymore. News flash: YOU do NOT know what will happen in five minutes, tomorrow, next week.


Isaac, nothing personal in my rant, no offense. Narcotics for my back pain put me on speaker phone, I can't help myself.

Give me your technical analysis reasons, Isaac. Are there negative divergences on your indicators? Are you following an Elliott wave count of some kind? Are you noticing problems with leadership and quality? What are they? Come on.

Target about 35.5. What happens after that only ********* knows but hopefully it goes all the way to the lows. Good day.

Surge in new home sales follows surge in existing home sales. The recovery is well underway. Housing comes around. Profits lead to hiring, hiring leads to sales, sales leads to revenue, revenue leads to more homes and the expansion has started.

That is where this country is at.

QQQQ is moving to new highs. GOOD DAY

Target about 35.5. What happens after that only ********* knows but hopefully it goes all the way to the lows. Good day.

Furthermore, overbought conditions do not lead to 10% down moves in an uptrend in 1 week. This great market has been burning off overbought conditions every other week on pullbacks of a few percent.

Any pullbacks burn off the overbought conditions and allows some of the trillions on the sidelines to buy in. There is tons of underinvestment.

Give me your technical analysis reasons, Isaac. Are there negative divergences on your indicators? Are you following an Elliott wave count of some kind? Are you noticing problems with leadership and quality? What are they?

Come on.

All the big names on the Naz like aaple and Recently Amazon before it fell have RSI over 75, that usually calls for a correction of 10% or more. It does not mean it will happen but if history is any indicator it should come pretty soon. ********* willing.

Give me your technical analysis reasons, Isaac. Are there negative divergences on your indicators? Are you following an Elliott wave count of some kind? Are you noticing problems with leadership and quality? What are they?

Come on.

All the big names on the Naz like aaple and Recently Amazon before it fell have RSI over 75, that usually calls for a correction of 10% or more. It does not mean it will happen but if history is any indicator it should come pretty soon. ********* willing.

If I remember correctly. You are stuck on some FAZ SRS and QID trades from April.

Don't know what your analysis is based on at all. Apple's daily RSI hit about 30 today and Amazon's hit under 30 into oversold conditions. The individual stocks correct on the fly and money rotates. QQQQ is showing that money is rotating around and not selling.