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Market setting up for a big drop?

Started by A-ha , Apr 26 2008 02:44 PM

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9 replies to this topic

#1 A-ha

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Posted 26 April 2008 - 02:44 PM

Everything i have pointing to an impending downside reversal. I dont know what could be the trigger but maybe Fed will do it. I am inclined to short next week. What do you say? Hey Insider where are you man, whats your take on the market these days? Still short ... when you gonna add shorts?

Folks, I have never seen this many indicator and trend lines pointing to the same thing, whats up with that? I think we will reverse around Fed day. Comments welcome please.

These make me take my brothers college money and buy puts right here right noooowwwwwwwwwwww!

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#2 A-ha

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Posted 26 April 2008 - 03:03 PM

let me add this scary AD line portrait

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#3 A-ha

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Posted 26 April 2008 - 03:13 PM

Oooooooooooo God !!!!

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#4 redfoliage2

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Posted 26 April 2008 - 03:27 PM

Could be the setup for the "when in May sell and go away" scenario. :lol:

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#5 Tor

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Posted 26 April 2008 - 03:28 PM

I am long half size here. Stop in at b/e. I see what you see, but am still thinking 10% we rally up from an inverted h and s. Will see.

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#6 A-ha

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Posted 26 April 2008 - 03:37 PM

Could be the setup for the "when in May sell and go away" scenario.

Yes history resembles. SELL IN MAY GO AWAY. COME BACK IN OCTOBER, BUY AND SIT TIGHT !

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#7 StillLearnin

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Posted 26 April 2008 - 05:24 PM

I see what A-Ha is seeing. I am working on a post for tomorrow to add. I know predictions are worthless but I like this scenario.....we open flat...then pop up Monday/Tuesday to 1416 to 1427 and mid week the weekly charts look like we break all of those trendlines....there will be a pop in bullishness and the week will close back below where it is now leaving a tail (Perhaps a key reversal). I really want to see equity P/C drop to below .5 before I short..

http://www.collectiv.../system73738932

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#8 A-ha

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Posted 26 April 2008 - 05:28 PM

I see what A-Ha is seeing. I am working on a post for tomorrow to add. I know predictions are worthless but I like this scenario.....we open flat...then pop up Monday/Tuesday to 1416 to 1427 and mid week the weekly charts look like we break all of those trendlines....there will be a pop in bullishness and the week will close back below where it is now leaving a tail (Perhaps a key reversal). I really want to see equity P/C drop to below .5 before I short..

Yes, that pop everybody expects is not an impossibility... Fed announcement could trigger it as folks here said yesterday. Lets all make money like old times ...

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#9 mogreen

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Posted 26 April 2008 - 05:43 PM

Good work A-ha. QQQQ 200day simple is 48.15 and $spx 200e is 1407. just right where your lines come in. Barrons cover is a BULL on it!

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#10 SemiBizz

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Posted 26 April 2008 - 05:52 PM

I am expecting some bad news from CSCO, Last Conference call Chambers said even though the US business wasn't up to par (partly because of the financial sector weakness) their margins outside of the US were getting better... I have heard they took a turn for the worse since and are going to report a revenue shortfall in emerging market sector. From here, it's just a matter of whether or not he pulls a GE-Immelt and tries to slide by, or he spills the beans ahead of earnings... I don't know anyone at the company, I heard this from hedge fund managers and advisors so Caveat Emptor... FWIW.

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Market setting up for a big drop?

#1 A-ha

#2 A-ha

#3 A-ha

#4 redfoliage2

#5 Tor

#6 A-ha

#7 StillLearnin

#8 A-ha

#9 mogreen

#10 SemiBizz

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