Sentimentrader - Chart in focus
SP 500 Interesting Video
Started by
Swiss Trader
, Mar 11 2007 08:33 AM
2 replies to this topic
#1
Posted 11 March 2007 - 08:33 AM
#2
Posted 11 March 2007 - 09:54 AM
'57, '65, and '70 look like capitulations after extended price deteriorations. So in that respect '07 has more in common with the remaining one, '87. Yet '87 was already seeing some deterioration in the 20ma & 50ma. Here in '07, the 20ma didn't even cross below the 50ma upon the incident, and this happened from a point of no price deterioration whatsoever. So something is different this time. If one is a bull, I suppose one could dismiss it as being that the smart money has gotten smarter and the dumb money has gotten dumber.
#3
Posted 11 March 2007 - 06:26 PM
I agree completely. His examples are terrible. Nothing like what just happened. 3 were capitulations at the end of long delines. Not sure why that didn't occur to him.
The other was a 25% collapse -- not exactly what we saw 2 weeks ago, was it?
We should go lower for 3-8 weeks, Me Thinks.
Scott