8 replies to this topic

[SemiBizz]

No Surprises...



Posted Yesterday:

we tested the high of the last day of volume today at 2612 and gave it up. Let's face it we went up 64 pts off yesterday's low without much of a consolidation. I think that's the best way to interpret this. I suspect the way we held on to 2587-92 yesterday that we could zip in there quick on light volume to prove the same point we proved yesterday at 2560.. namely only LIGHT volume selling pressure. And if they can't bust them down then they are going to push them higher...

http://www.traders-t...?...st&p=296896








We are going to have a series of gap up openings in the next two weeks. Another Bear Trap was set today and we won't see these lows(2590) now for awhile..

Edited by SemiBizz, 29 June 2007 - 05:26 PM.

[arbman]

I would not bet the farm on that idea yet, from what I am seeing this swing is (nearly) done...

- kisa

Edited by kisacik, 29 June 2007 - 06:38 PM.

[Mr Dev]

The term is Tagged and Bagged...........and it's been around a long long time.

But of course it became even more popular in trading thru the 90s with the success of "the on-line or internet

trading account" and the flock of day-traders to hit the sceen.

Edited by Mr Dev, 29 June 2007 - 07:03 PM.

[swanstkdh]

Gracias kisa

[SemiBizz]

I guess ya'll haven't figured this out yet, but there's a new sheriff in town, wearing that gold badge...



http://bigcharts.mar...&mocktick=1.gif

[arbman]

I guess ya'll haven't figured this out yet, but there's a new sheriff in town, wearing that gold badge...

Maybe, good to know, I won't short the semis...

But the commodity bull is here for the next decade and perhaps beyond as far as the leadership should be concerned...

So, the semis have their own early sector cycle, but they are not probably enough to pull the whole market at the moment...

The current correction is about the financials and rates, imho...

- kisa

[zedor]

No Surprises...

Well that comment is in contradiction to what you posted in the morning with a picture of a balloon and the following clarification,

no, more like... UP UP and AWAY...
Basically - A war on Bears...
By the time next week ends, the bears will be like smokers... outlawed from bearishness in public places like restaurants and bars, eventually even on the street.
Shorting will be looked down upon as an Addiction and the bears as addicts..


Gawd, do I dare give a target?

I posted we are making a top you posted that we are going higher. But then you claim there is no suprise. Hmm So either you predicted that the market would go up in one post and down in another or you trade against your own post and thus there is no surprise for you.



I WAS not surprised as I posted we are making a TOP.

[SemiBizz]

Yes, it sure would have been even more pathetic had not the bears been able to acheive a simple .50 retracement. That's what I expected. And I believe we're going MUCH HIGHER over the next two weeks. There was NO inconsistency in my remarks.



Read carefully,

I suspect the way we held on to 2587-92 yesterday that we could zip in there quick on light volume to prove the same point we proved yesterday at 2560..

The retracement lasted all of about an hour, that's is quick, indicative of fast market uptrend. We'll see what happens over the next 2 weeks. If I"m wrong we'll know real soon. Again, you are typical of the sentiment on the board, too quick to dismiss this long and strong uptrend and trying to front-run the top. Show me 5 down days in a row, we did not have that in the so-called March Crash either.., then we can say there's a top, until then... we're still going UP. Front running the top has been very dangerous. This is no time to be hard over bearish. Make the market PROVE this is a downtrend. Otherwise - unless you have a GREAT set of trading signals( and I do) shorting the market is a dangerous game....

Edited by SemiBizz, 30 June 2007 - 11:46 AM.

[relax]

Agree semi!

no need to be bull or bear just to be something, but right now i don't see the bulls proving anything, just as the bears aren't proving anything

i guess we're caught between february highs and june highs

maybe naz goes to 2.645

Yes, it sure would have been even more pathetic had not the bears been able to acheive a simple .50 retracement. That's what I expected. And I believe we're going MUCH HIGHER over the next two weeks. There was NO inconsistency in my remarks.



Read carefully,

I suspect the way we held on to 2587-92 yesterday that we could zip in there quick on light volume to prove the same point we proved yesterday at 2560..

The retracement lasted all of about an hour, that's is quick, indicative of fast market uptrend. We'll see what happens over the next 2 weeks. If I"m wrong we'll know real soon. Again, you are typical of the sentiment on the board, too quick to dismiss this long and strong uptrend and trying to front-run the top. Show me 5 down days in a row, we did not have that in the so-called March Crash either.., then we can say there's a top, until then... we're still going UP. Front running the top has been very dangerous. This is no time to be hard over bearish. Make the market PROVE this is a downtrend. Otherwise - unless you have a GREAT set of trading signals( and I do) shorting the market is a dangerous game....