Metamucil Posted November 26, 2002 Report Share Posted November 26, 2002 I was just about done with the suspension of disbelief in astrology stuff....but waited to see what 11/25 would bring: Damned if it wasn't nailed again....like Oct 10. I still think it's basically crap and only follow cmaps as my primary signal. Shorting more SPY, QQQ, BBH and added to RYVNX, RYTPX. The double top (on the weekly charts) is about done. As PD says, though, a major liquidation does indeed require the majority to be very wrong. I suspect a complex top that will frustrate many weak hands. Who knows? Siderograph, for what it's worth.... Is there a way to dynamically link bigcharts, for example? Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2002 Report Share Posted November 26, 2002 Meta- I am getting sleeeeepy. verrrrry sleeeepy. Speaking of disbelief. Here we have the NDX down 30 points and bears are disbelieving and cautious. This is the mirror image of extreme complacency among bulls. Yet the cycle work has been screaming TOP since Friday. Nobody believes it. Not even me. Link to comment Share on other sites More sharing options...
PileDriver Posted November 26, 2002 Report Share Posted November 26, 2002 lets hope its not one of those sloppy, pain-in-my-ass tops like last Fall/Winter. An inverted V recovery (ha ha) would be nice. Perhaps something in between will happen. Time will tell. Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2002 Report Share Posted November 26, 2002 Link to comment Share on other sites More sharing options...
Drano Posted November 26, 2002 Report Share Posted November 26, 2002 Speaking of disbelief. Here we have the NDX down 30 points and bears are disbelieving and cautious. This is the mirror image of extreme complacency among bulls. Yet the cycle work has been screaming TOP since Friday. Nobody believes it. Not even me. Pavlovian conditioning. When everything looks right for a rollover, it doesn't. A few stunning reversals and ridiculous jam jobs do "wonders" for your willingness to short before confirmation of the move. Edit: I should have said, do wonders for your willingness to short MORE. I shorted too soon and am waiting, waiting........ Link to comment Share on other sites More sharing options...
richmtn Posted November 26, 2002 Report Share Posted November 26, 2002 Very cool chart Meta. Sniff I think it was you that had a nice one before. Level of charting really coming along on the stool. 5hr rolled. 6 rolling, 7 to follow. Link to comment Share on other sites More sharing options...
Metamucil Posted November 26, 2002 Report Share Posted November 26, 2002 Meta- I am getting sleeeeepy. verrrrry sleeeepy. Speaking of disbelief. Here we have the NDX down 30 points and bears are disbelieving and cautious. This is the mirror image of extreme complacency among bulls. Yet the cycle work has been screaming TOP since Friday. Nobody believes it. Not even me. It's all in the genes, Doc I agree re: bear disbelief. Cmaps gave me enough conviction (as opposed to E waves) to start building a massive short position since several days ago. Those channel tops told it all re: NAZ and components. The double tops on SPX and DOW are pretty classic. It's a position trade.....for now Link to comment Share on other sites More sharing options...
GregFokker Posted November 26, 2002 Report Share Posted November 26, 2002 Beautiful lovely red on the screen. Dare I drink of it, let alone savor it? Best to not grow too hopeful. The Lord shall provide Link to comment Share on other sites More sharing options...
Drano Posted November 26, 2002 Report Share Posted November 26, 2002 I feel like Charlie Brown running up to kick the football, fearing that Lucy Greenspan is going to yank it away. Link to comment Share on other sites More sharing options...
PileDriver Posted November 26, 2002 Report Share Posted November 26, 2002 As SG would say, I guess I don't "have the sack" Link to comment Share on other sites More sharing options...
Guest Posted November 26, 2002 Report Share Posted November 26, 2002 1:00 PM Equity 0.74 Index 1.26 Overall 0.84 Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2002 Report Share Posted November 26, 2002 ok people- back off a little. We have a load spike. Don't know why. Link to comment Share on other sites More sharing options...
sniff Posted November 26, 2002 Report Share Posted November 26, 2002 The 3 day up/down volume ratio has turned bearish, consevative bears might wait for the 12 day to turn for confirmation. It looks like it will turn soon. Guess it just depends on your Guts and would need a good stop in place...imo Link to comment Share on other sites More sharing options...
simple guy Posted November 26, 2002 Report Share Posted November 26, 2002 Called for 1436 today on NAS should E-waves be in effect... hmmmmmm On a Bullish Sector note:: Alternative energy stocks... FCEL, HYGS are climbing. HYGS up on 7x volume today with no news, about to break out. This would fit in with upcoming war in Iraq, not to mention the LT Elliot Wave forecast for OIL prices to rise as high as $80 per share over next 10 years or so... yes, thats right... dont laugh. These will be the stocks to own for the next decade. With that in mind, I own HNR which I bought at 4.xx this summer... its now over 7 and climbing. CHeers Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2002 Report Share Posted November 26, 2002 double bottom on SPX. Load back to normal. Proceed. Link to comment Share on other sites More sharing options...
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