http://www.traders-t...?...st&p=365316
Mark,
It is this kind of land mind that I was talking about that keeps me from an all out bullish position.
gf
What Can I Say...
Started by
iloli way
, Apr 11 2008 07:33 AM
11 replies to this topic
#1
iloli way
-
- TT Member*
-
- 4,028 posts
iloli = I'm Laws Of Line's I(eye)
Posted 11 April 2008 - 07:33 AM
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#2
OEXCHAOS
-
- Admin
- 22,595 posts
Mark S. Young
Posted 11 April 2008 - 08:03 AM
This type of land mine isn't much of one. 
I worry about the ones you have no reason to expect. But bad news and charges are why this rally is going to be tough to play here near term.
In fact, we ought to look for EVERYONE to be revising their earnings projections down NOW. Even if they aren't having troubles. They've got cover to take charges, so every decent CFO is going to go looking for SOMETHING, ANYTHING negative to get off the books while he's got the chance to do so without taking much flak.
That, of course, makes it easier to beat estimates later on when you are expected to do well.
Near term, that makes for lots of news events like this and a lot of gaps and chop.
Mark
I worry about the ones you have no reason to expect. But bad news and charges are why this rally is going to be tough to play here near term.
In fact, we ought to look for EVERYONE to be revising their earnings projections down NOW. Even if they aren't having troubles. They've got cover to take charges, so every decent CFO is going to go looking for SOMETHING, ANYTHING negative to get off the books while he's got the chance to do so without taking much flak.
That, of course, makes it easier to beat estimates later on when you are expected to do well.
Near term, that makes for lots of news events like this and a lot of gaps and chop.
Mark
Mark S Young
Wall Street Sentiment
Get a free trial here:
https://book.stripe....1aut29V5edgrS03
You can now follow me on X
#3
iloli way
-
- TT Member*
-
- 4,028 posts
iloli = I'm Laws Of Line's I(eye)
Posted 11 April 2008 - 08:11 AM
[quote name='OEXCHAOS' post='365540' date='Apr 11 2008, 06:03 AM']This type of land mine isn't much of one.
I worry about the ones you have no reason to expect. But bad news and charges are why this rally is going to be tough to play here near term.
In fact, we ought to look for EVERYONE to be revising their earnings projections down NOW. Even if they aren't having troubles. They've got cover to take charges, so every decent CFO is going to go looking for SOMETHING, ANYTHING negative to get off the books while he's got the chance to do so without taking much flak.
That, of course, makes it easier to beat estimates later on when you are expected to do well.
Near term, that makes for lots of news events like this and a lot of gaps and chop.
Mark[/quote]
[quote][/quso every decent CFO is going to go looking for SOMETHING, ANYTHING negative to get off the books while he's got the chance to do so without taking much flak.ote]
Mark,
Any idea how long this will go? ie: When do we get a buy?
TIA gf
I worry about the ones you have no reason to expect. But bad news and charges are why this rally is going to be tough to play here near term.
In fact, we ought to look for EVERYONE to be revising their earnings projections down NOW. Even if they aren't having troubles. They've got cover to take charges, so every decent CFO is going to go looking for SOMETHING, ANYTHING negative to get off the books while he's got the chance to do so without taking much flak.
That, of course, makes it easier to beat estimates later on when you are expected to do well.
Near term, that makes for lots of news events like this and a lot of gaps and chop.
Mark[/quote]
[quote][/quso every decent CFO is going to go looking for SOMETHING, ANYTHING negative to get off the books while he's got the chance to do so without taking much flak.ote]
Mark,
Any idea how long this will go? ie: When do we get a buy?
TIA gf
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#4
milbank
-
- TT Patron+
- 4,714 posts
Member
Posted 11 April 2008 - 08:43 AM
The earnings results coming up on this past quarter will reflect the first full quarter since the crack up began in earnest.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#5
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 11 April 2008 - 08:45 AM
Don't tell me you're not going to buy at these new and improved prices...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#6
iloli way
-
- TT Member*
-
- 4,028 posts
iloli = I'm Laws Of Line's I(eye)
Posted 11 April 2008 - 08:59 AM
Don't tell me you're not going to buy at these new and improved prices...
Geeze, semi, you are the majesty, tell me, the up turn is from 1440 to 1510, the percentage is from 7% to 12%. Won't you buy right NOW?
gf
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#7
iloli way
-
- TT Member*
-
- 4,028 posts
iloli = I'm Laws Of Line's I(eye)
Posted 11 April 2008 - 09:03 AM
Don't tell me you're not going to buy at these new and improved prices...
Geeze, semi, you are the majesty, tell me, the up turn is from 1440 to 1510, the percentage is from 7% to 12%. Won't you buy right NOW?
gf
Double that if you go with Ultras.
gf
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#8
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 11 April 2008 - 09:08 AM
Sure...
No problemo...
Gas will go to more than $5 gal. 
Bread $6 loaf 
Roundtrip airfare coast to coast $2000 
But Ben will have saved Wall Street. 
The guys who sold this crap to begin with who deserve to suffer the most. 
As long as Ben keeps printing, they will keep jamming the fiat into the market. 
Subject to violent seizures like today. 
Bread $6 loaf
Roundtrip airfare coast to coast $2000
But Ben will have saved Wall Street.
The guys who sold this crap to begin with who deserve to suffer the most.
As long as Ben keeps printing, they will keep jamming the fiat into the market.
Subject to violent seizures like today.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#9
OEXCHAOS
-
- Admin
- 22,595 posts
Mark S. Young
Posted 11 April 2008 - 09:14 AM
FWIW, I don't like the volume this morning. It obviates the Bullish late volume tell. If we turn the 5' trend, however, and the volume looks right, I'll buy them today.
Mark
Mark S Young
Wall Street Sentiment
Get a free trial here:
https://book.stripe....1aut29V5edgrS03
You can now follow me on X
#10
iloli way
-
- TT Member*
-
- 4,028 posts
iloli = I'm Laws Of Line's I(eye)
Posted 11 April 2008 - 09:15 AM
Sure...
No problemo...
Gas will go to more than $5 gal.
Bread $6 loaf
Roundtrip airfare coast to coast $2000
But Ben will have saved Wall Street.
The guys who sold this crap to begin with who deserve to suffer the most.
As long as Ben keeps printing, they will keep jamming the fiat into the market.
Subject to violent seizures like today.
I have no doubt that Ben can come up with a PERFECT NUMBER, to make your paycheck just enough to catch up with ALL the INFLATION you mentioned. Is it so hard for him? It is hard for you and me, I am sure it is HARD for me..at least.
gf
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
