16 replies to this topic

[pdx5]

Evidence to me suggests more down. Of course, like every single other person on this board and all around the world, am looking for a turn up basis liquidity, oversold technicals, sentiment, fundamental cheapness of equyities relative to bonds etc.

I just cant figure out if we are there yet but hunch says no.

cheers.

All depends on your time frame. ST it looks ready for a good bounce.
Longer term a lot more pain is ahead of us. You can't cure a credit bubble
by injecting MORE CREDIT into the system. It is like giving heroin to someone
who is suffering withdrawal symptoms. He feels great again for a short time.
Followed by a deeper problem.

[nimblebear]

I wish i did not know anything. But i am too old. I know too many people - Jim Cramer

Translation:

"I KNOW everything. I'm an old hand at this:You young bastages know NOTHING. Because I think I know everyone, therefore I must be right about all of this. I AM GAWD."

[ogm]

Evidence to me suggests more down. Of course, like every single other person on this board and all around the world, am looking for a turn up basis liquidity, oversold technicals, sentiment, fundamental cheapness of equyities relative to bonds etc.

I just cant figure out if we are there yet but hunch says no.

cheers.

Then check out capitalstool.com board.

People are buying ULTRA LEVERAGED SHORT funds in their IRA's there. No kidding.

Edited by ogm, 11 August 2007 - 10:21 AM.

[Tor]

I wish i did not know anything. But i am too old. I know too many people - Jim Cramer

Translation:

"I KNOW everything. I'm an old hand at this:You young bastages know NOTHING. Because I think I know everyone, therefore I must be right about all of this. I AM GAWD."

Cramer is just looooooooooopy but he has made some good calls in recent times from what I have seen, and AJC also funny enough.

Edited by Tor, 11 August 2007 - 10:34 AM.

[OEXCHAOS]

I'd not worry about this board being complacent. The tend to be right at turns and also bottoms are much easier than tops. They're faster, for one. Also, there are a ton of really reliable bottom spotters. These guys know that. Not all of us are super technicians, but most of us know about at least one or two of those better bottom spotters. Whether or not we're willing to actually go long, however, is another matter entirely. Mark

[SemiBizz]

There's no hurry to make a trade here, I'm 100% cash. There are bullish and bearish aspects to the chart depending on your techniques, timeframes and methodology. Right now, I got a NEUTRAL signal. So that's where I plan to stay until the market and the charts show the hand. If you are a nimble short term hummingbird type of trader,.. opportunities abound. But if you are in for the long term, meaning more than one day, it's probably a smart idea to let the dust settle. I can only give you one interpretation of all the volume and volatility and that is the brokers with their powerful computers and cash hordes are feeding on the public here. I read on Friday GS lost $2-3B in their hedge fund operations. They will trade their a$$es off until they recover it.

[OEXCHAOS]

The darned volume targets are working wonderfully on the ES. The problem is that we're moving so fast that it's hard to have time to keep up with where they are. Missed a huge, obvious one yesterday and it cost me most of had been a 10 point winner. This is an easy market to make mistakes in, but the technicals are working amazingly well. Mark