If this is the End of the World Crash...
#1
Posted 25 July 2007 - 12:41 PM
Now what do these guys know about August we don't know 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 25 July 2007 - 12:45 PM
The only thing I can think of is they all report in August...
Now what do these guys know about August we don't know yet?
These are also all the stocks "hyped" by Cramer on CNBC.
FWIW.
#3
Posted 25 July 2007 - 12:51 PM
#4
Posted 25 July 2007 - 12:52 PM
The only thing I can think of is they all report in August...
Now what do these guys know about August we don't know yet?
These are also all the stocks "hyped" by Cramer on CNBC.
FWIW.
Since I don't watch TV Trash, I didn't hear about it. But that would explain the coincidence... it's just another fat setup for August Options Expiry for the boyz... kinda disgusting.
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 25 July 2007 - 01:06 PM
The only thing I can think of is they all report in August...
Now what do these guys know about August we don't know yet?
These are also all the stocks "hyped" by Cramer on CNBC.
FWIW.
What Cramer says really have a affect? I do not like Cramer, do nor watch his show.
#6
Posted 25 July 2007 - 01:12 PM
#7
Posted 25 July 2007 - 01:19 PM
But I'm very bullish on AMAT. Because of their move into solar tech.
What should they pour all that cash into? Banks?!?
Energy UP big, materials and commodities UP big, industrials UP big, what's left to rally? Tech!
See, if the banks go lower or stay in the downtrend, all of the above will come down, I guess they start the list from the bottom though!!!
The dumb money is still buying, we saw the amount of calls waiting to jump in this morning, the opening equity P/C was around 0.49!!!
They will have to condition the crowd again, well, they will have to find the money to bust the shorts again too...
The USD is bouncing, sooner or later, the credit conditions will also improve...
- kisa
Speaking of credit conditions improving... I just picked up a couple high yield funds. Will hold them for a while. SGL and PCN
Maybe will pick up some more tomorrow. Thaqt was quite spoectacular carnage in bond world. I really like the 9% dividends. Probably the biggest mistake ever.
#8
Posted 25 July 2007 - 01:20 PM
#9
Posted 25 July 2007 - 01:23 PM
end of the world, crashes...why not one step at a time...yes, the internal work looks like crap, and probably says more to come. But, the dow and qqqq's are still above their 50d and Spy is just below it. Hardly crash or very bearish yet....lets pullback and test uptrends/moving averages first and re-evaluate. Ideal scenario is a 3-5% drop in this move...a lazy small up into late Aug, and a bigger Sept/Oct drop.
The dow and Qs are masking the quite a bit of slaughter that was happening over the past couple weeks. If you were short the indexes, it wasn't the best trade, except for RUT, but a lot of individual stocks took a lot of damage. Internals are pretty oversold ST, so don't be surprized if we start bouncing here. At least for a couple days.