6 replies to this topic

[Bond_Guy]

Bad Manufacuring ISM (barely above 50 with sharply rising prices paid) High oil and gas IRAN/IRAQ Sub Prime/ALT A defaults Declining Earnings in Q1 Fundamentals are looking bad, what do the technicals show?

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

Bad Manufacuring ISM (barely above 50 with sharply rising prices paid)
High oil and gas
IRAN/IRAQ
Sub Prime/ALT A defaults
Declining Earnings in Q1

AKA THE WALL OF WORRY.

[dcengr]

It would be bearish if they had bullish economic news and prices kept dropping. Having bearish economic news and prices not dropping is not particularly bearish.

[maineman]

But if the news is bearish and therefore prices should rise and instead prices fall then that's contrary to the contrary and therefore could be seen as bearish, right? mm

[dcengr]

But if the news is bearish and therefore prices should rise and instead prices fall then that's
contrary to the contrary and therefore could be seen as bearish, right?

mm

All you need to know is to "fade thyself".

[Iblayz]

Posted elsewhere a few minutes ago.

Signal status has not changed. Upside from these levels could produce positive crosses of signal lines (not outright buy signal) within two days or today if there is a strong move (which looks hopeless based on the last few days of price action). My bias has not changed. I still think that the next big sustained move will be to the downside. But I will not trade my bias so I guess that will only serve to keep me on the cautious side. But then again, maybe not. The SOX and SMH are once again disjointed from the rest of the market and could be on buy signals at the end of the day with upside action......or could sell off further into exhaustion. I have to look at clues and for me I need to look no further than the QQQ. The number of shares outstanding on the QQQ is 391,450,000. As of March 15 when the QQQ's closed at 42.89 the short interest on the QQQ was 201,935,634 shares or 51.6% of the shares outstanding. With the price having gone higher do you think that the short interest has been reduced? Do you think that the short interest in the Q's has anything to do with the price? I'll give you a reverse hint. The lowest published short interest in the Q's for all of 2006 was on May 15, 2006. What happened to the price after that? The lowest published short interest for the Q's in the last six months was on February 15, 2007. What happened to the price shortly afterward?

[skott]

what was the short interest percentage on May 15th 2006 and on Feb 15 2007?