9 replies to this topic

[A-ha]

first of all i am sorry for those who got caught on the wrong side of this...
anyone who bot ES on full margin at the open today , totally wiped out at the today's low. (59 points should wipe them out to be precise)

however this could be a good thing for them because this is going much deeper folks.
i know it is little late to be cautious if you werent by now but i have to repeat it aint over yet.


i can not elaborate right now, if you listened to me before, you already know.....
just short any little pop you get... do not follow intraday charts, do not read or listen mentally ill snorting morons, buy and hold actors, snake oil sellers, do not watch tv..
they will call 100s of bottoms going forward, but most of them probably dont even trade anything... if you have a trading service you follow, use it with caution because it is likely they dont have a freaking clue about what is happening right now too.

i know it is very hard to sell things at this juncture but you have to make a decision. One thing i can convincingly tell you at this point, when this thing turns it will not happen in one day. You will have time. It will do backing and testing. we will be able to identify it.
do not try to catch anything now. be insensitive.

we are writing history here, this is the initiation of a unique bear market that will likely carry a crash-like move as i have been telling you for weeks now.

this is a market event we will remember next decade and beyond.

Edited by xD&Cox, 27 February 2007 - 06:11 PM.

[Tor]

Great call Xd so far..u are smokin. My gut feels sick and i even have no longs on maybe cos i fear for what implications it may have.

[eminimee]

XD..as you know, we've been on the right side of the market but I'm not as bearish as you are ......not yet anyways.

...but here is something that looks eerily similar to 2000...and it's hitting the same TL.

(this is a joint effort chart with spielcker by the way)

http://stockcharts.com/c-sc/sc?s=$TNX:$NDX&p=W&st=1998-01-01&i=p06791672972&a=91371419&r=8026.png

[beta]

1360 initiates a "bear market" ?? --- arent we getting a bit melodramatic ? If you ask me (and anyone who uses volume the right way), this is setting up a floor at 1370-1390 for the next blast thru 1500. You might want to try backing out your chart to a 2-year daily, which shows an entirely different picture (uptrend intact). Show me a break of SPX 1285 cash first, and then maybe bears get the ball. Until then, all I see is the usual "China is tanking" nonsense trotted out every year post-Lunar New Year to scare the guailos. Ill be flipping my QID (bot today @ 53) -- posted below -- for 3 bucks tomorrow, and loading up BHP. Re-entered CHN long @ 30 near close; long TSL @ 42.3. Will pick up JASO (China solar IPO) in high 17's.

Edited by beta, 27 February 2007 - 06:30 PM.

[S.I.M.O.N.]

1360 initiates a "bear market" ?? --- arent we getting a bit melodramatic ?

If you ask me (and anyone who uses volume the right way), this is setting up a floor at 1370-1390 for the next blast thru 1500.

You might want to try backing out your chart to a 2-year daily, which shows an entirely different picture (uptrend intact).

Show me a break of SPX 1285 cash first, and then maybe bears get the ball. Until then, all I see is the usual "China is tanking" nonsense trotted out every year post-Lunar New Year to scare the guailos.

Ill be flipping my QID (bot today @ 53) -- posted below -- for 3 bucks tomorrow, and loading up BHP.

Re-entered CHN long @ 30 near close; long TSL @ 42.3. Will pick up JASO (China solar IPO) in high 17's.

Amen to that!, i was just about to commit board suicide here from all the bearish arrogance.
I also see some more downside to about dow 12K-11900, then upside fireworks, I'm about a few hundred
dow points from becoming a card carrying member of the melt-up club.

[stocks]

Amen to that!, i was just about to commit board suicide here from all the bearish arrogance.
I also see some more downside to about dow 12K-11900, then upside fireworks, I'm about a few hundred
dow points from becoming a card carrying member of the melt-up club.

Where do put your money?

Emerging markets bubble?
REIT bubble?
Overvalued commodities?
Overvalued real estate?

US stocks are the last bargain. First quarter crashes are quickly reversed. It's
the second and third quarter crashes you have to worry about.

[arbman]

I am actually amazed by the bullishness of the financial media. Everybody is saying the same thing about the healthy corporate profits, the plenty liquidity out there. Some says the decline should go on for the rest of the week some more, but I am just amazed that nobody explains why the decline has been so far if the liquidity was so much. An overdue correction would be last May's type of a decline, not a 20 points gap down and 30 points on top. This is insane, something is seriously broken in this market... - kisa

Edited by kisacik, 27 February 2007 - 07:48 PM.

[CLK]

I am actually amazed by the bullishness of the financial media. Everybody is saying the same thing about the healthy corporate profits, the plenty liquidity out there.

Some says the decline should go on for the rest of the week some more, but I am just amazed that nobody explains why the decline has been so far if the liquidity was so much.

An overdue correction would be last May's type of a decline, not a 20 points gap down and 30 points on top. This is insane, something is seriously broken in this market...

- kisa

Kisa,

I agree, something is broken. Way too much for one day.

[Dex]

xD&Cox,
At last a Fearless Forecast!
Thanks

I am actually amazed by the bullishness of the financial media. Everybody is saying the same thing about the healthy corporate profits, the plenty liquidity out there.
- kisa

The talking heads on TV are monkeys reading someone else's words.

[Frac_Man]

they dont have a freaking clue about what is happening right now too


I beg your pardon Sir !


Hank

first of all i am sorry for those who got caught on the wrong side of this...
anyone who bot ES on full margin at the open today , totally wiped out at the today's low. (59 points should wipe them out to be precise)

however this could be a good thing for them because this is going much deeper folks.
i know it is little late to be cautious if you werent by now but i have to repeat it aint over yet.


i can not elaborate right now, if you listened to me before, you already know.....
just short any little pop you get... do not follow intraday charts, do not read or listen mentally ill snorting morons, buy and hold actors, snake oil sellers, do not watch tv..
they will call 100s of bottoms going forward, but most of them probably dont even trade anything... if you have a trading service you follow, use it with caution because it is likely they dont have a freaking clue about what is happening right now too.

i know it is very hard to sell things at this juncture but you have to make a decision. One thing i can convincingly tell you at this point, when this thing turns it will not happen in one day. You will have time. It will do backing and testing. we will be able to identify it.
do not try to catch anything now. be insensitive.

we are writing history here, this is the initiation of a unique bear market that will likely carry a crash-like move as i have been telling you for weeks now.

this is a market event we will remember next decade and beyond.