Why is everyone so BEARISH ????
#1
Posted 01 July 2007 - 09:13 PM
This chart shows that the Nasdaq has been making highs on quality of volume... and that's a hell of a lot better than what it did off the bottom in August of '06.
http://bigcharts.mar...=NO_SYMBOL%.gif
AND LADIES AND GERMS.. WHEN DO YOU THINK WAS THE LAST TIME NASDAQ WAS ABLE TO STRING 5 DOWN DAYS IN A ROW ???? (in other words, establish a down trend)....
it wasn't in the so-called "Crash" in March...
it wasn't in the Options Fraud downturn a year ago last spring...
it wasn't in 2006...
You have to go all the way back to October 2005, and then we turned the trend back up quickly thereafter in November. The same applies to March of 2005, we went turned down and turned back up in weeks.
I think there's far too many looking at the fundamentals here for an excuse to sell. I'll tell you this categorically... there's no TECHNICAL reasons to sell here.... YET !!
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#2
Posted 01 July 2007 - 09:28 PM
Edited by ogm, 01 July 2007 - 09:30 PM.
#3
Posted 01 July 2007 - 09:33 PM
http://bigcharts.mar...74&mocktick.gif
This rally is not going to end on a whimper.... What the heck are ya'll thinkin????
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#4
Posted 01 July 2007 - 09:45 PM
http://bigcharts.mar...&mocktick=1.gif
Look at that even the NASDAQ LOVES HIGH OIL PRICES>>>>>>>>>>>
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#5
Posted 01 July 2007 - 09:47 PM
What are you worried about? OIL PRICES ??? GUESS WHAT THE MARKET LOVES HIGH OIL PRICES !!
I love high oil prices. Since I have a bunch of ethanol stocks.
But oil prices aren't an issue. Credit crunch is. Credit crunch = P/E comression.
#6
Posted 01 July 2007 - 10:00 PM
Hard to get too excited in here.
Edited by selecto, 01 July 2007 - 10:01 PM.
#7
Posted 01 July 2007 - 10:15 PM
Edited by SemiBizz, 01 July 2007 - 10:16 PM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#8
Posted 01 July 2007 - 10:21 PM
#9
Posted 02 July 2007 - 03:58 AM
Why is everyone so BEARISH ????
No I am nearly bearish, not enough bearish to sell, I will get there most likely on Tuesday. I will continue to scalp and daytrade in the mean time...
Once it tests lower later in the week, I might get more bullish than bearish...
#10
Posted 02 July 2007 - 05:25 AM
Let's keep FXI (China) in mind if it will add support to the frenzy.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=5&mn=3&dy=0&i=p64146776434&a=110735547&r=2219.png
http://stockcharts.c...6258&r=2038.png