14 replies to this topic

[Tor]

It appears to me we would have an island reversal on QQQQ as well as what looks like a cup and handle forming the island.

Be carefull....

Hopefully this chart link will work.

http://stockcharts.c...amp;a=103054549

Chart patterns is like Rohrshak test. Where u see a bullish pattern I see a typical garden variety 'B' wave corrective bounce within a strong downtrend.

I ask u what could possible be the catalist for a lasting rally now?

Would give me a lot fo pleasure to see this amrket selloff into the 16 april i turn date. it may be a spike up into that date however.

Earnings have peaked and are collapsiing, Fed is not going to cut becuz we have stagflation. Subprimes problem is spreading. The US consumer is tapped out with a ballooning mountain of debt. Stock are very overvalued and investors are way too complasent. This market is an accident waiting to happen for sure.

IMHO the risks of being long and getting blindsided by a downside crash that could happen any day without warning are far greater than the risk of being in QID and having to endure a few days of slow upward grind of low volume suckers rally. i can handle a temporary drawdown, risk of a runaway bull is nil right now IMHO.



-Greg

First of all I agree for the most part with your opinions of the fundamentals (longer term). However, I strive to be neutral and unbiased as much as possible if I am TRADING. For instance, the last time I posted on this board was March 18th you can read it hear: http://www.traders-t...?...c=67981&hl=
I was having a little fun with the consensus "funnymentals" making very similar points but in the context of fading the consensus concerns. The correction was "textbook" through my eyes. Now, the AdvanceDecline line is moving further into new high territory and volume is leading breadth which is leading price. All the while the wall of worry is firmly entrenched.

If we gap higher and fail you could have a great trade ST. Personally I would wait for the failure to short (if I was looking to short). Although I am not sure what your intended timeframe for the trade is.

In any case welcome to the board. Please don't take any of this personally.

Thak you for your ideas. I enjoy to debate the markets becuz I am a very strong opinioned person. Nothing is taken personal for me.

My timeframe for this trade is initially short-term but if it starts to crash this week like i am thinking it should then i will hold on and just ride the waterfall down

i still think market is a house of cards so as a trader i will favor the short side.

[Tor]

It appears to me we would have an island reversal on QQQQ as well as what looks like a cup and handle forming the island.

Be carefull....

Hopefully this chart link will work.

http://stockcharts.c...amp;a=103054549

Chart patterns is like Rohrshak test. Where u see a bullish pattern I see a typical garden variety 'B' wave corrective bounce within a strong downtrend.

I ask u what could possible be the catalist for a lasting rally now?

Would give me a lot fo pleasure to see this amrket selloff into the 16 april i turn date. it may be a spike up into that date however.

Earnings have peaked and are collapsiing, Fed is not going to cut becuz we have stagflation. Subprimes problem is spreading. The US consumer is tapped out with a ballooning mountain of debt. Stock are very overvalued and investors are way too complasent. This market is an accident waiting to happen for sure.

IMHO the risks of being long and getting blindsided by a downside crash that could happen any day without warning are far greater than the risk of being in QID and having to endure a few days of slow upward grind of low volume suckers rally. i can handle a temporary drawdown, risk of a runaway bull is nil right now IMHO.



-Greg

First of all I agree for the most part with your opinions of the fundamentals (longer term). However, I strive to be neutral and unbiased as much as possible if I am TRADING. For instance, the last time I posted on this board was March 18th you can read it hear: http://www.traders-t...?...c=67981&hl=
I was having a little fun with the consensus "funnymentals" making very similar points but in the context of fading the consensus concerns. The correction was "textbook" through my eyes. Now, the AdvanceDecline line is moving further into new high territory and volume is leading breadth which is leading price. All the while the wall of worry is firmly entrenched.

If we gap higher and fail you could have a great trade ST. Personally I would wait for the failure to short (if I was looking to short). Although I am not sure what your intended timeframe for the trade is.

In any case welcome to the board. Please don't take any of this personally.

Thak you for your ideas. I enjoy to debate the markets becuz I am a very strong opinioned person. Nothing is taken personal for me.

My timeframe for this trade is initially short-term but if it starts to crash this week like i am thinking it should then i will hold on and just ride the waterfall down

i still think market is a house of cards so as a trader i will favor the short side.

Would be great to see this market run up into, or spike down into the April 16th turn date.

[caspary]

Thak you for your ideas. I enjoy to debate the markets becuz I am a very strong opinioned person. Nothing is taken personal for me.

My timeframe for this trade is initially short-term but if it starts to crash this week like i am thinking it should then i will hold on and just ride the waterfall down

i still think market is a house of cards so as a trader i will favor the short side.

Hey QID,

I like your style and gusto! I was once gusto but I am now censored, so I don't post as much, but I still enjoy reading posts on FF like yours. I am long currently and just waiting for this rally to fail (double top), before I switch to short side. I only go with very simple technical analysis, but I am doing very well (full-time trader). I would really like to read more about your ideas especially other tools you use besides "Monday gap up". Good luck and look forward to read more from you.

[vitaminm]

QID/ 2-27

http://charts.barcha...Q...KIC&org=stk

[Echo]

I ask u what could possible be the catalist for a lasting rally now?


-Greg

Liquidity, then short covering, and then speculation.

Echo