"Sell Strength"
Started by
OEXCHAOS
, Oct 30 2008 08:41 AM
11 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 30 October 2008 - 08:41 AM
This thing has been gold.
It's the one day Fully Long/Fully Short.
Above 300% is a Sell.
Mark S Young
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#2
nimblebear
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Welcome to the Dark Side !
Posted 30 October 2008 - 08:51 AM
Thats exactly what institutionals are doing. They don't "buy" into this nonsense whatsoever. And they haven't been in the latest rallies. Until they buy into this there will be no sustained rally.
So they let the small investor run it up, and they dump more of their non-core holdings. Amazing how this works. Its the same as always.
OTIS.
#3
flyers&divers
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Posted 30 October 2008 - 09:35 AM
Mark,
Thanks for posting this, as always.
The coming downswing, whatever level it would come from, will separate the strong from the weak issues.
Finally there will be some well developed double bottom and ABC formations one can count on for the long side.
F&D
"Successful trading is more about Sun Tzu then Elliott." F&D
#4
humble1
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Posted 30 October 2008 - 10:14 AM
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO !!!!!!!!
people! PEOPLE! puhleeeeeze.
Edited by humble1, 30 October 2008 - 10:15 AM.
#5
johngeorge
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Posted 30 October 2008 - 10:17 AM
Mark
Appreciate your take. Thank you. I will be all cash by the end of today as I see too much on ST charts that looks like we will be trading down. More opportunities will be forthcoming. Will see.
Best to you. 
Peace
johngeorge
johngeorge
#6
johngeorge
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Posted 30 October 2008 - 10:18 AM
nm
Edited by johngeorge, 30 October 2008 - 10:19 AM.
Peace
johngeorge
johngeorge
#7
maineman
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maineman
Posted 30 October 2008 - 10:21 AM
Thats exactly what institutionals are doing. They don't "buy" into this nonsense whatsoever. And they haven't been in the latest rallies. Until they buy into this there will be no sustained rally.
Actually the institutions have been very active and their footprints are all over the place. Yesterday they were buyers. So far today - sellers.
mm
Actually the institutions have been very active and their footprints are all over the place. Yesterday they were buyers. So far today - sellers.
mm
#8
Funky Monk
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Posted 30 October 2008 - 10:34 AM
half way back?
906ish?
need closes above that there trend line to get the bull running?
fwiw
fwiw
#9
Cirrus
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Posted 30 October 2008 - 11:12 AM
If breadth holds today and we close down I think it's an IT positive.
#10
nimblebear
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Welcome to the Dark Side !
Posted 30 October 2008 - 01:47 PM
Adding to core holdings only. Otherwise they are selling heavily.Thats exactly what institutionals are doing. They don't "buy" into this nonsense whatsoever. And they haven't been in the latest rallies. Until they buy into this there will be no sustained rally.
Actually the institutions have been very active and their footprints are all over the place. Yesterday they were buyers. So far today - sellers.
mm
OTIS.
