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Who are these happy-go-lucky buyers ?
Started by
NAV
, Nov 15 2009 10:36 AM
19 replies to this topic
#2
arbman
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Posted 15 November 2009 - 02:30 PM
I cannot disagree with you a bit, but I am expecting the ridiculous before this is over...
Perhaps this was it, but as I said, we will go up without growth, without jobs, without breadth and finally without stocks! 
The OCC weekly premiums came pretty low, my option model says we are fair to expire around here. If we start going lower next week, it will be a clear confirmation that the bears are in control, I think we have some more messing up to do with the traders... I expect a top exactly around the Thanksgiving week...
I do not think there is such a thing called 20 wk cycle at the moment, the cycle periods are much shorter in my observations, I do not think a decline to late November will mark a multi-week bottom for stocks, it will be actually the failure of 16-17 wk cycle thrust for stocks in my measures...
I still expect the ridiculous run up next week...
Best of luck.
The OCC weekly premiums came pretty low, my option model says we are fair to expire around here. If we start going lower next week, it will be a clear confirmation that the bears are in control, I think we have some more messing up to do with the traders... I expect a top exactly around the Thanksgiving week...
I do not think there is such a thing called 20 wk cycle at the moment, the cycle periods are much shorter in my observations, I do not think a decline to late November will mark a multi-week bottom for stocks, it will be actually the failure of 16-17 wk cycle thrust for stocks in my measures...
I still expect the ridiculous run up next week...
Best of luck.
#3
laza
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Posted 15 November 2009 - 02:36 PM
With the Gov backstopping all risk and handing out free money, and mindless robot computers programmed for "up" and lacking a "down" button, what's not to be happy-go-lucky about?
#4
eminimee
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I don't care who's fur is flying...
Posted 15 November 2009 - 02:48 PM
Good thread to post this in..posted this in early June...Quite the duplication....You can all figure what's next if the pattern continues....
http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=9&mn=6&dy=0&i=p98824604414&a=124626876&r=8680.png
http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=9&mn=6&dy=0&i=p98824604414&a=124626876&r=8680.png
#5
zman
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Posted 15 November 2009 - 03:29 PM
as they say a picture is worth a thousand words...thanks for the chart eminimee
Education is the best defense against the media.
#6
laza
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Posted 15 November 2009 - 05:13 PM
T. Laundry turned into a big bull over the weekend. He thinks the buyers will be underperforming fund managers who need to meet their benchmark to avoid being fired.
#8
IYB
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Posted 15 November 2009 - 06:39 PM
Do you have the link laza? The latest I have is Friday's one sentence comment and last Sunday's weekly chart and comment. TIA, DT. Laundry turned into a big bull over the weekend. He thinks the buyers will be underperforming fund managers who need to meet their benchmark to avoid being fired.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#9
SuperSwing
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Posted 15 November 2009 - 06:42 PM
Here you go: http://www.ttheory.com/
"Update for Sunday November 15 2009. Today I present the AD T's case for a major up move starting very soon, first using the latest Advance-Decline T in the first PDf chart then refining it in the regular Daily Short Range T PDF Chart. Look over the charts then listen to the audio commentary that follows.
Download Current Advance Decline T Download SRT20091115"
"Update for Sunday November 15 2009. Today I present the AD T's case for a major up move starting very soon, first using the latest Advance-Decline T in the first PDf chart then refining it in the regular Daily Short Range T PDF Chart. Look over the charts then listen to the audio commentary that follows.
Download Current Advance Decline T Download SRT20091115"
Do you have the link laza? The latest I have is Friday's one sentence comment and last Sunday's weekly chart and comment. TIA, DT. Laundry turned into a big bull over the weekend. He thinks the buyers will be underperforming fund managers who need to meet their benchmark to avoid being fired.
Patience is a virtue. Wait for your opportunity and pounce.
#10
goldswinger
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Posted 15 November 2009 - 08:50 PM
T. Laundry turned into a big bull over the weekend. He thinks the buyers will be underperforming fund managers who need to meet their benchmark to avoid being fired.
They will br underperformed into oblivion. If they underperformed in this bull S. phase from March , what makes you think they will catch up?
GS.
