40 replies to this topic

[SemiBizz]

Waiting all day to get a .50R.... They are pulling out all the old tricks here. Trashing the $$. That works today, but not next week. Dollar going to test the highs.

[tommyt]

Hilarious to watch the multitudes of soothsayers come up with crash predictions based on:

Down on Volume!
Hindenberg Omen!
Death Cross!
Puetz Window!
Lunar Eclipse!

All typed hysterically in bold red letters.

When all that is needed is to employ the Simpleton Strategy of "Buy The Freaking Dip!", or simply dollar cost average.

LOL!!!

[attachment=20929:nya0566.png]

where are all these crash predictions? other than the 2-3 usual suspects like Prechter and other perma bears.

[PrintFaster]

6 consecutive half hourly put/call readings over 1.20 at CBOE. Most guys are gunning for puts thinking the market is going to crash after the long weekend.

[ogm]

6 consecutive half hourly put/call readings over 1.20 at CBOE.

Most guys are gunning for puts thinking the market is going to crash after the long weekend.

You haven't seen put call ratio until you've seen 190k puts bought on EEM today.

[SemiBizz]

Waiting all day to get a .50R....

They are pulling out all the old tricks here.

Trashing the $$.

That works today, but not next week.

Dollar going to test the highs.

In fact it might be testing highs for a long time to come, at least according to this guy...

US$ E-Wave Analyst

[SemiBizz]

Pathetic day for the bulls... closing the week now some 38 handles off the high on the SPX. If the market doesn't step in here and start talking for them, they will be shutting up soon. I will look forward to either. Pathetic.

[PrintFaster]

Heh, as usual they jammed it in the last 3 minutes.

And then there's the classic "Happy Talk" headlines on MarketWatch:

03:31 Oil down four sessions in a row for 2% weekly loss MarketWatch

03:26 Ben Bernanke is daring us to buy stocks MarketWatch

Now the little guy is going to be reading the paper, finding out which stocks to buy when the market opens on Tuesday.

[attachment=20933:buystock.jpg]

[PrintFaster]

As usual, the late bears loading big on puts are going to get blowtorched next week.

2:00 PM 1.22
2:30 PM 1.23
3:00 PM 1.27

Edited by PrintFaster, 24 May 2013 - 03:07 PM.

[ogm]

As usual, the late bears loading big on puts are going to get blowtorched next week.

2:00 PM 1.22
2:30 PM 1.23
3:00 PM 1.27

Don't worry, you'll get your exit opportunity. AAII is already at 70, it will be 75% next week, once we touch or maybe even exceed the previous highs by a little.

Just about every time the summations have crossed the current level the market got choppy, and it never topped right away. You get 1-2 slightly higher highs. I posted a chart last week.

So...

Step 1.. summations turn down, market gets choppy ... complete.

Step 2... retest of the highs... while summations continue sliding.... coming up...

Step 3 .... bubble chasers will not be happy.

Edited by ogm, 24 May 2013 - 03:26 PM.

[gameover]

[quote name='SemiBizz' date='May 24 2013, 03:02 PM' post='658733']
Pathetic day for the bulls... closing the week now some 38 handles off the high on the SPX.


more like pathetic days for bears

no pomo and indices flat

a flat close with no pomo is BIG TROUBLE for shorts