7 replies to this topic

[da_cheif]

THAT has not produced a new closing low on the dow........its the end of the whirl

[TTHQ Staff]

...its the end of the whirl

as we know it...and I feel fine.

[jjc]

THAT has not produced a new closing low on the dow........its the end of the whirl

I completely repect your bullish stance cheif and your fade of fear, however IMHO it is a hickup in an
epileptic victim and the chance of seizure is still present.

I'll feel better long when volatility calms a bit (and my mech ST trades start working again).

[da_cheif]

amazing isnt it.......same fear here that we saw at the july lows.....and to speculate in july that we would see the same kiind of worry in feb only 1500 pts higher would be met with the same kind of how come you didnt get out of ur 1095 long and suffer a 100 pt smash off the may high of 1330......the fact is....those paying attention know that i was looking for the 1470 area....to see a reaction.....well we hit 1464....yes i got a huge piece of the reaction......i update every 30 minits and im no slouch....to post all my short term moves here will certainly draw the ire of my paying subs and allready has on occasion......so i let those who dont, come to whatever conclusions about me they wish.....ive been subjected to this kind of treatment all the way to the bank........just imagine if you will if the likes of other gurus like prechter eliades pqwall crawford etc posted on tt to the extent i do.......what a trip that would be eh.....cmon boys.......make my day......the only reason i post here is because mark is one of the few tracked gurus who has the courage of his convictions.........to let it all hang out......and he has my greatest respect because of it.....

[OEXCHAOS]

Sheeze, I didn't expect a compliment. Thanks, Don. BTW, I wanted to add my read on the market and sentiment. Firstly, sentiment isn't where it was this summer. Not yet. Not for a while, I think. Secondly, the market is acting "funny". The selling doesn't look like true selling, but rather programmed liquidation. Maybe related to unwinding or a hedge fund or derivative problem. Thirdly, the sentiment also suggests that this is only a correction. Thus, we'd better be darned careful being short when they finally get done doing whatever they're doing. Finally, watch out for the strong reversal day that HOLDS and closes higher. The shorts will come out of the wood work and so will the early Bulls. I'd predict a 70%+/- retrace of the decline on that. That's my read, anyway. I'll play it as I see it, and as the market turns over another card. Mark

[arbman]

Cheif, these are not looking so good to me...

The speculatif stuff are separating from the pack and the leading sectors are not that hot for a strong market bottom, another imminent decline?

http://ichart.finance.yahoo.com/z?s=^GSPC&t=5d&q=&l=off&z=s&c=^NYA,^RUT,^NDX,^IXIC,^NDXE,^DJI,^SPXEW,^MID,^SML&.png http://ichart.financ...,^IXB,^IXU&.png

- kisa

[da_cheif]

my thots are that the boyz will sit on the market till next wed.....not unlike we saw in this very similar situation in sept 1986

http://homepage.mac....231/2281986.gif

[Russ]

Sept.1986(top chart) has a totally different look, the macd's are very different. As Selecto noted the macd histogram has a long way to go based on recent past history, nevermind major panics from the past.
http://bigcharts.mar...&mocktick=1.png
http://bigcharts.mar...&mocktick=1.png