10 replies to this topic

[A-ha]

didnt work

[atlasshrugged]

didnt work

I am not busting your balls because I appreciate you posting your trades but did you check the oil in the flex capacitor of yours??/


I have not been bullish the last several days either so its not like I have made any coin...just trying to keep some humor in this game

keep posting!

[A-ha]

yep its tuff to trade short term. I was expecting spx 1475 to be tested whole week, it came in the end but I am now not confident about the pull back, which should increase the odds for a plunge next week.

[Trend-Signals]

A-ha, Do you remember what you said during the last week? The negative sentiment with high p/c ratio suggests exactly that - many are trying to pick ... top, only push market to higher, fueling markets.

[fib_1618]

As of two days ago, we had enough energy to challenge the early August highs. After today, however, we probably have more than enough internal strength to test the July price highs themselves. You pushed it as far as you could take it, and made the appropriate decision. Nicely done. Fib

[A-ha]

A-ha,

Do you remember what you said during the last week? The negative sentiment with high p/c ratio suggests exactly that - many are trying to pick ... top, only push market to higher, fueling markets.

If I only did what I said, I would be richer than carlos slim

[underabigw]

Atilla,

You still have the most consistently GREAT calls of anyone I know of.

Thanks for continuing to let us follow your work!

BW

A-ha,

Do you remember what you said during the last week? The negative sentiment with high p/c ratio suggests exactly that - many are trying to pick ... top, only push market to higher, fueling markets.

If I only did what I said, I would be richer than carlos slim

[underabigw]

Atilla,

I missed the fact that the dollar got hit hard today. That would explain the stock mkt. rally.

I'm a novice, but it sure looks like the fed is going to get itself boxed in "real good"
if the dollar keeps falling and something bad comes out that hits the stock mkt.

Needless to say, if the dollar drops below 80 then the wheels could come off the
wagon for stocks in a hurry.

BW

didnt work

I am not busting your balls because I appreciate you posting your trades but did you check the oil in the flex capacitor of yours??/


I have not been bullish the last several days either so its not like I have made any coin...just trying to keep some humor in this game

keep posting!

[Trend-Signals]

A-ha,

Do you remember what you said during the last week? The negative sentiment with high p/c ratio suggests exactly that - many are trying to pick ... top, only push market to higher, fueling markets.

If I only did what I said, I would be richer than carlos slim

xD, have you checked my comment on my board which is similar at the yesterday's comment on p/c ratio which I noted to you.

http://investorshub....age_id=22341302

Will see how market consolidate during early next week.

Have a nice weekend.


PS: re $USD http://www.chicagofe...weak_dollar.cfm

Strengthening Dollar
Advantages

* Consumer sees lower prices on foreign products/services.
* Lower prices on foreign products/services help keep inflation low.
* U.S. consumers benefit when they travel to foreign countries.
* U.S. investors can purchase foreign stocks/bonds at "lower" prices.

Disadvantages

* U.S. firms find it harder to compete in foreign markets.
* U.S. firms must compete with lower priced foreign goods.
* Foreign tourists find it more expensive to visit U.S.
* More difficult for foreign investors to provide capital to U.S. in times of heavy U.S. borrowing.

Weakening Dollar
Advantages

* U.S. firms find it easier to sell goods in foreign markets.
* U.S. firms find less competitive pressure to keep prices low.
* More foreign tourists can afford to visit the U.S.
* U.S. capital markets become more attractive to foreign investors.

Disadvantages

* Consumers face higher prices on foreign products/services.
* Higher prices on foreign products contribute to higher cost-of-living.
* U.S. consumers find traveling abroad more costly.
* Harder for U.S. firms and investors to expand into foreign markets.




~~~



The speed of recent up-momentum is not surprising based on the extreme negative sentiment and high short level. Furthermore, it took longer time to retrace the 8/8-8/16 correction as we can see, “mirror image” of 8/8-8/16 to 8/16-8/24.

The high short level pressure is fueling markets to upside. As noted earlier, p/c ratio during early morning an yesterday’s was extremely negative, but have reversed as market price climbed higher.


Half Hourly Volume Report for Selected Indices For 8/24/2007
DOW Industrials S&P 100 S&P 500
Time Calls Puts Total Calls Puts Total Calls Puts Total
9:00 AM 81 563 644 832 1221 2053 4841 10289 15130
9:30 AM 217 965 1182 1335 3088 4423 11265 37266 48531
10:00 AM 288 1851 2139 1684 3867 5551 32071 71744 103815
10:30 AM 290 1921 2211 1947 4149 6096 64773 87081 151854
11:00 AM 298 1984 2282 1973 4230 6203 74907 92820 167727
11:30 AM 462 2893 3355 2480 5799 8279 80772 112974 193746
12:00 PM 1037 3032 4069 2969 6757 9726 88219 121513 209732
12:30 PM 1258 3245 4503 3709 7532 11241 103621 131126 234747
1:00 PM 1412 3463 4875 4289 8504 12793 124224 141509 265733
1:30 PM 1494 3607 5101 4652 9524 14176 132504 158076 290580
2:00 PM 4981 13085 18066 5212 11089 16301 138547 173191 311738
2:30 PM 6647 13780 20427 5490 11731 17221 140319 180606 320925
3:00 PM 8341 15156 23497 6643 16135 22778 173540 229640 403180



As shown above DOW p/c ratio, DOW sentiment was extremely negative during morning trading session, however, traders sentiment changed as DOW traded higher.

http://investorshub....age_id=22340344

The high p/c ratio is due to an anticipation of market reversal at the major resistances after the recent rally, LT top speculation, crash speculation, H&S formation on daily, etc.

However, as I commented earlier, markets were signaling reversal after climactic sell-off reversal action with positive divergences on price actions and weekly breadth.

Many stocks are still very oversold as noted before that those were selling into 7/19 top as we can see on weekly breadth actions.

Many market participants are waiting for a pull back so that they can buy when it is safe as well as LT/IT shorters are waiting. However, the highly negative market sentiment shorters in anticipation of crash could push markets higher, as Longs who are looking for safe entries with very little risk wait for markets to pull back.

http://investorshub....age_id=22355096

[A-ha]

Which reminds me the terminal plunge in USD in 87 during the crash but I dont think it will happen this time

However some sort of sell off is due imo

Atilla,

I missed the fact that the dollar got hit hard today. That would explain the stock mkt. rally.

I'm a novice, but it sure looks like the fed is going to get itself boxed in "real good"
if the dollar keeps falling and something bad comes out that hits the stock mkt.

Needless to say, if the dollar drops below 80 then the wheels could come off the
wagon for stocks in a hurry.

BW

didnt work

I am not busting your balls because I appreciate you posting your trades but did you check the oil in the flex capacitor of yours??/


I have not been bullish the last several days either so its not like I have made any coin...just trying to keep some humor in this game

keep posting!

Edited by A-ha, 25 August 2007 - 02:27 PM.