11 replies to this topic

[ogm]

looking terrible.........well that certainly isnt what it looks like at a top.........-g-

da_cheif, I think your day will come again. But first its going to get pretty bumpy for a few month.

The market advance has lost momentum. As measured by just about anything.

This is a divergenct high.

There is only so much the few strong stocks like GOOG can do, when everything else is entering downtrends on weekly/monthly charts.

every day i wake up my day has come again.....if you havent noticed.....the dows 12 hour rsi bottomed 11 trading hours ago.....
and vlnc made a new 52 week high yesterday......i love making money......."when everthing else is entering downtrends<????........everything.....??? gold silver crude canada buck 10year 30year amex nyse weekly ad line xau nazdaq naz100
while everyone else is a prechter clone........

Lol.... Chief, so you long some stuff that is going up.

Tell that to owners of banks stocks or brokers or homebuilders. Or now even industrials.

Yes, there is GOOG and there is C

Canadian buck or gold don't have anything to do with stocks. You might as well be long NYC Taxi medallions. What does it have to do with the stock market ?

Not everything is going up.

Thanks for VLNC, btw

Edited by ogm, 06 November 2007 - 08:57 AM.

[arbman]

Look at the bottom in March, nothing could be so remotely far away from getting you to the right trade. The last decline looked like it was accelerating AND making a lower low. The next day the market started to a 3-4 month rally... I think the momentum of the cummulative NYAD:NYTOT or NYUD:NYTV are better short term indicators and although they are also not trending up in several time frames (yet), but the intensity of the decline is mostly neutral or somewhat diverging bullishly, imho...

Edited by kisacik, 06 November 2007 - 12:30 PM.