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A lot of excitement after Friday's close. Lets check the charts.


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#11 ogm

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Posted 24 August 2013 - 08:34 AM

http://www.businessi...his-week-2013-8


http://www.ici.org/r...mmf/mm_08_22_13


I don't think there are any surprises here. I'd take all fund flow data with a grain of salt and don't read much into it.
Population is broke. Jobs that are being created are insufficient to generate any kind of investable savings. 0% interest rates have drained the retirement funds of the babyboomers.

The market rise was driven by corporate buybacks, and large speculators.

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#12 uburack

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Posted 24 August 2013 - 08:37 AM

Bears are also intrinsically unpatriotic because they wish ill on the US economy.


Now you have crossed the line a**hole. Where's that darn quarter.
John 21:6 And he said unto them, "Cast the net on the right side of the ship, and ye shall find". They cast therefore, and now they were not able to draw it for the multitude of fishes.

#13 fluid

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Posted 24 August 2013 - 08:37 AM

http://www.businessi...his-week-2013-8


http://www.ici.org/r...mmf/mm_08_22_13


I don't think there are any surprises here. I'd take all fund flow data with a grain of salt and don't read much into it.
Population is broke. Jobs that are being created are insufficient to generate any kind of investable savings. 0% interest rates have drained the retirement funds of the babyboomers.

The market rise was driven by corporate buybacks, and large speculators.

Posted Image



LOL - its bullish so take it with a grain of salt.

WHAT about the 1500 SPX cummulative hitting an all time high? Dont you think that is bullish?

You seem to only want to look at what is bearish, fair enough, I am not here to teach nor preach to you and wish you good luck.

#14 fluid

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Posted 24 August 2013 - 08:38 AM

Bears are also intrinsically unpatriotic because they wish ill on the US economy.


Now you have crossed the line a**hole. Where's that darn quarter.


Sorry.

#15 ogm

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Posted 24 August 2013 - 08:42 AM

WHAT about the 1500 SPX cummulative hitting an all time high? Dont you think that is bullish?

You seem to only want to look at what is bearish, fair enough, I am not here to teach nor preach to you and wish you good luck.



Whats SPX 1500 cumulative ? Post a chart and tell me how its calculated.

Edited by ogm, 24 August 2013 - 08:43 AM.


#16 fluid

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Posted 24 August 2013 - 08:48 AM

OGM: here it is. It also started to turn up again last week along with the breadth. I am not advising you to buy, but explaining the rationale behind my current long position, which I full expect to profit from:


http://stockcharts.com/h-sc/ui?s=$SUP...id=p11796311448

If you notice the current uptrend is clear. Only consider to go short if the top line become lower than bottom.

#17 CLK

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Posted 24 August 2013 - 08:51 AM

A/D is nowhere near the highs.


http://www.masterdat...#036;SPSUPX.htm

#18 CLK

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Posted 24 August 2013 - 08:55 AM

OGM: here it is. It also started to turn up again last week along with the breadth. I am not advising you to buy, but explaining the rationale behind my current long position, which I full expect to profit from:


http://stockcharts.com/h-sc/ui?s=$SUP...id=p11796311448

If you notice the current uptrend is clear. Only consider to go short if the top line become lower than bottom.




You can't time anything off that cumulative chart, add SPX to that and see how many times it crashed at those new highs.

#19 fluid

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Posted 24 August 2013 - 09:55 AM

OGM: here it is. It also started to turn up again last week along with the breadth. I am not advising you to buy, but explaining the rationale behind my current long position, which I full expect to profit from:


http://stockcharts.com/h-sc/ui?s=$SUP...id=p11796311448

If you notice the current uptrend is clear. Only consider to go short if the top line become lower than bottom.




You can't time anything off that cumulative chart, add SPX to that and see how many times it crashed at those new highs.



to me, it indicates the main trend unless turns red in which case bears have a chance.

#20 PrintFaster

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Posted 24 August 2013 - 10:12 AM

Might as well look at some winners here:

http://stockcharts.c...77357030234.png

http://stockcharts.c...77357062405.png

http://stockcharts.c...77357097995.png

http://stockcharts.c...77357120570.png