Sometimes the silliest indicators turn out great. Bravo !I just got this from MarketWatch Alerts
"U.S. stocks gain in early trades Monday, extending Friday's big advances"
That's a Sell. Whenever they breathlessly alert you to some trivial move, you can pretty much fade it.
Looks like NAV will make out on his puts. We don't have a turn yet, so I'm not shorting this piglet yet. That's just our discipline.
Mark
Mark's Marketwatch Sell
Started by
Drano
, Aug 20 2007 11:10 AM
3 replies to this topic
#1
Drano
-
- Traders-Talk User
- 481 posts
Member
Posted 20 August 2007 - 11:10 AM
#2
relax
-
- Traders-Talk User
- 2,224 posts
Member
Posted 20 August 2007 - 11:47 AM
Hehe, mark has a point, but i don't think one should overestimate the intention of journalists
on a monday they can be uinspired like anybody else at work
and be in a lets-get-this-over-with-mood
#3
OEXCHAOS
-
- Admin
- 22,026 posts
Mark S. Young
Posted 20 August 2007 - 12:00 PM
The correlation is pretty good, no matter what. I'm theorizing that it is a function of human psychology, not random chance nor evil intent. Though I'm more confident of the former than the latter.
M
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
#4
slupert
-
- Traders-Talk User
- 2,804 posts
Member
Posted 20 August 2007 - 07:08 PM
Sometimes the silliest indicators turn out great. Bravo !I just got this from MarketWatch Alerts
"U.S. stocks gain in early trades Monday, extending Friday's big advances"
That's a Sell. Whenever they breathlessly alert you to some trivial move, you can pretty much fade it.
Looks like NAV will make out on his puts. We don't have a turn yet, so I'm not shorting this piglet yet. That's just our discipline.
Mark
does nav have a blog?
