6 replies to this topic

[OEXCHAOS]

I'm not sure what this is saying to do, but it's a signal. I would say that if we bounce, it's a Sell. If we are down hard and a lot, one might want to look for a low. But I leave it to you.

[ChickenLittle]

I'm not sure what this is saying to do, but it's a signal. I would say that if we bounce, it's a Sell. If we are down hard and a lot, one might want to look for a low. But I leave it to you.

I've also noticed a no-fear attitude on this decline. With the intensity of last week, the fear did not rise as it should have. Of course with sentiment, its all relative. Only later do you know . . . . relative to what???

[Rogerdodger]

I'm not sure what this is saying to do, but it's a signal.

Mark, You sound as uncertain as me.

Why do not view it as a buy, since many other readings at that level were buys?

Sentimentrader longer term moved more bearish Friday night, along with it's shorterm reading.
That has marked a rally in the past such as June 13th when both moved bearish, as well as the Memorial day readings.

Edited by Rogerdodger, 24 June 2007 - 04:58 PM.

[Shazzam]

mark, you were looking for a retest of the lows in the spx which we got today. despite the bsc news it seems as if everyone on this board (majority) is looking to buy the dip, your thoughts on sentiment would be appreciated.

[OEXCHAOS]

So far, I don't see much sign of a good low. I expect the lows to be taken out, probably tomorrow. We'll see as they give us more to work with. Mark

[SemiBizz]

I couldn't go short on Friday with all that semiconductor strength. We got back into harmony today as the SOX led the decline the same way the chips showed strength from Thursday Morning... Maybe it's just a trade, that's what I suspect. In any case we did get back into QID on a good entry today 46.35 when the chip weakness showed it's stripes... I'm looking for down on the open tomorrow followed by higher prices into the end of the month/quarter weekend. I'd say there's probably some bad news in there somewhere. MRVL was down 4% today, I guess that's the obvious delisting warning from Nasdaq looming there... again maybe just setting up a long trade. There was no mass exodus in it today, just weak. Keep your eye on those chips...

[OEXCHAOS]

Lotsa bulls in the Naz still, but not many in the S&P. I saw that case here and it made sense to me. Now, I'm a bit concerned that it made sense to too many folks. Mark