No time yet for a chart, but readings above 80 often signal a turn.
Nested signals are even better, but they also presage volatility.
I'm just not sure if Friday's signal was a Sell or a Buy.
September 19th - 2008 110
September 18th - 2008 101
September 17th - 2008 101
September 16th - 2008 91
September 15th - 2008 104
September 14th - 2008 33
September 13th - 2008 34
September 12th - 2008 73
September 11th - 2008 80
T-4
Started by
OEXCHAOS
, Sep 21 2008 10:16 AM
4 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 21 September 2008 - 10:16 AM
Mark S Young
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#2
milbank
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Posted 21 September 2008 - 01:25 PM
I'm not surprised. I still feel as clueless as I did after this was announced Thursday evening in terms of how to trade the day. I may just sit out and watch Monday as well. I know I was surprised at how much less the indices went up, considering all the forced short covering in the bank sector, than I had expected. I certainly don't think, long-term, this is the termination of the bear market as some here have proffered due to the underlying issues affecting "Main St." which have not changed and have most likely been exasperated by the move to save "Wall St." Nontheless, the VST is not something I will participate in until I feel more comfort in understanding how much or how little this what is going down in Washington is going to affect the movement of the other sectors and indexes I do play.I'm just not sure if Friday's signal was a Sell or a Buy.
"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
#3
OEXCHAOS
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Mark S. Young
Posted 21 September 2008 - 02:00 PM
If they do a RTC-type thing, it will extend the housing problem for a decade and will cap the stock market for years.
Mark
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#4
coolhand
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Posted 21 September 2008 - 02:42 PM
If they do a RTC-type thing, it will extend the housing problem for a decade and will cap the stock market for years.
Mark
I'm starting to read backlash articles in the media (by mainstream folks) opposed to this bailout. This bailout is obviously getting everyone's attention and since the advent of the internet folks are more educated. Things could get interesting.
#5
arbman
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Posted 21 September 2008 - 03:45 PM
If they do a RTC-type thing, it will extend the housing problem for a decade and will cap the stock market for years.
Mark
I'm starting to read backlash articles in the media (by mainstream folks) opposed to this bailout. This bailout is obviously getting everyone's attention and since the advent of the internet folks are more educated. Things could get interesting.
