Now this is is my forecast after reviewing all data. I am expecting a substantial drop in major indices over next 6 weeks, starting any time over next 2 days. There may be 1% upside, but risk-reward for longs is very high.
big drop in the markets - my forecast
Started by
greenie
, Jul 09 2007 11:53 PM
7 replies to this topic
#1
greenie
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Posted 09 July 2007 - 11:53 PM
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#2
eminimee
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I don't care who's fur is flying...
Posted 10 July 2007 - 05:27 AM
#3
OEXCHAOS
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Mark S. Young
Posted 10 July 2007 - 06:02 AM
I'm SHOCKED!
Greenie's a BEAR?!?!?!
FWIW, sentiment supports a sell off and my "Single Best Fade" indicator also support.
Thus far, however, all we've got the making's for is a correction. Cumulative breadth has to turn down. Until that does, bearishness should be more short-term.
Mark
Greenie's a BEAR?!?!?!
FWIW, sentiment supports a sell off and my "Single Best Fade" indicator also support.
Thus far, however, all we've got the making's for is a correction. Cumulative breadth has to turn down. Until that does, bearishness should be more short-term.
Mark
Mark S Young
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#4
gorydog
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Posted 10 July 2007 - 07:03 AM
The market looks better if you ignore the major averages and look at the NYSE:
http://stockcharts.com/h-sc/ui?s=$NYA&p=60&yr=0&mn=2&dy=20&id=p90237179324&a=111175860.png
$NYA
Also look at yesterdays Commitments of Traders - they appear to be betting we bust through, unless it is different this time.
Good trading either way, I'm short for now also.
GD
http://stockcharts.com/h-sc/ui?s=$NYA&p=60&yr=0&mn=2&dy=20&id=p90237179324&a=111175860.png
$NYA
Also look at yesterdays Commitments of Traders - they appear to be betting we bust through, unless it is different this time.
Good trading either way, I'm short for now also.
GD
#5
greenie
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Posted 10 July 2007 - 09:49 AM
I'm SHOCKED!
Greenie's a BEAR?!?!?!
That's what it will look like, when you block half of my posts. In any case, all my trades are posted realtime in TW board for anyone who wants to check the record.
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#6
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Mark S. Young
Posted 10 July 2007 - 11:03 AM
I don't block half your posts. I know this because if I felt it was necessary to do that, we'd have banned you.
We approve every appropriate post we see. It's not our fault that you have a thing for violating the TOS.
M
Mark S Young
Wall Street Sentiment
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#7
greenie
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Posted 10 July 2007 - 11:18 AM
I don't block half your posts. I know this because if I felt it was necessary to do that, we'd have banned you.
We approve every appropriate post we see. It's not our fault that you have a thing for violating the TOS.
M
Then why didn't my response to denleo show up? It explained all my trades, rational and methodology. Without it, of course it will appear that I am always bearish on the markets
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#8
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Mark S. Young
Posted 10 July 2007 - 11:26 AM
Greenie,
If we missed it, we're sorry. It was an accident.
As for the tease above, well, it was a tease. I've also stated that you've looked for higher prices before.
Anyway, I'll find your posting (somehow), make it visible and repost it above to freshen it and set the record straight.
M
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
