Mr. Beal Posted April 21, 2003 Report Share Posted April 21, 2003 A fairly well-known newsletter I subscribe to (which will go un-named...... to avoid whatever complications .....but some of you will figure it out for yourselves) is showing the Coppock possibly turning up in the next 10 days which is supposedly a major bullish confirmation for the long term.....and, they have what they call a "selling vacuum" which is beginning to form, which is also bullish .......there is not legit reason for a long rally but the market doesn't care .........I like Piles take on things but these other indicators are killin me with worry......1/3 short in URPIX averaging 880 spx but have this sick feeling these may get trapped for a long period.....also, the bpis have a ways to go to the upside where they can hover for quite a while....the bpi on the financials has a looong way to rally Yo Yanevano I too have been trapped in some shorts for a while. I feel like the proverbial frog in a pot. It?s getting rather warm and I really hate the idea of either jumping out and swallowing my pain before the bully gas runs out or getting cooked. Since March 11-12 currency intervention gap the sellers have had no ability to get the ball rolling. How long can this be ignored?..? Link to comment Share on other sites More sharing options...
Guest Posted April 21, 2003 Report Share Posted April 21, 2003 Where is Oyster? He just said Hi on AM thread and no post since then. Link to comment Share on other sites More sharing options...
Injured Grizzly Posted April 21, 2003 Report Share Posted April 21, 2003 Where is Oyster? He just said Hi on AM thread and no post since then. He's lurking. I think he's resting his fingers today. Link to comment Share on other sites More sharing options...
Drano Posted April 21, 2003 Report Share Posted April 21, 2003 European markets closed today. Give the guy a break! Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted April 21, 2003 Report Share Posted April 21, 2003 Sellers trying to press here. they need to get it done or risk getting blown out Link to comment Share on other sites More sharing options...
Tchaikofsky Posted April 21, 2003 Report Share Posted April 21, 2003 Q1 reports have been 'highly encouraging' so far: Pru By Tomi Kilgore 1:46pm 04/21/03 Ed Keon, quantitative strategist at Prudential, said that after viewing the reports from just over 20 percent of the S&P 500, first quarter results have so far been "highly encouraging." He said there is still reason to be cautious, but he believes a "positive economic and market cycle may have begun." He suggests investors overweighting in sectors that would benefit the most from a "virtuous" cycle, such as the financial and information technology sectors. Link to comment Share on other sites More sharing options...
PileDriver Posted April 21, 2003 Report Share Posted April 21, 2003 Sellers trying to press here. they need to get it done or risk getting blown out by whom? Where are the buyers? Link to comment Share on other sites More sharing options...
Madame Wrecked Him Posted April 21, 2003 Report Share Posted April 21, 2003 look at that CFC go! I'm showing the following Stochastics %k readings: 1 min - 94 5 min - 96 15 min - 94 30 min - 91 60 min - 92 daily - 88 weekly - 94 monthly - 94 Where to next? :shocked Link to comment Share on other sites More sharing options...
Crapper John Posted April 21, 2003 Report Share Posted April 21, 2003 Check it out! Link to comment Share on other sites More sharing options...
anotherone Posted April 21, 2003 Report Share Posted April 21, 2003 The Q's have been in a triangle in the 5 minute bars. Break-out or break-down? Starting to look like it will break lower. Link to comment Share on other sites More sharing options...
PileDriver Posted April 21, 2003 Report Share Posted April 21, 2003 Q1 reports have been 'highly encouraging' so far: Pru By Tomi Kilgore1:46pm 04/21/03 Ed Keon, quantitative strategist at Prudential, said that after viewing the reports from just over 20 percent of the S&P 500, first quarter results have so far been "highly encouraging." He said there is still reason to be cautious, but he believes a "positive economic and market cycle may have begun." He suggests investors overweighting in sectors that would benefit the most from a "virtuous" cycle, such as the financial and information technology sectors. The boat must be fully loaded before the next down leg begins. Thanks for helping load the boat Ed. Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted April 21, 2003 Report Share Posted April 21, 2003 Sellers trying to press here. ?they need to get it done or risk getting blown out by whom? Where are the buyers? I know, but everytime it hits some support line, somebody??? steps up and buys. I don't know who that might be (talking futures of course) Link to comment Share on other sites More sharing options...
Guest Posted April 21, 2003 Report Share Posted April 21, 2003 .. Link to comment Share on other sites More sharing options...
Oyster Posted April 21, 2003 Report Share Posted April 21, 2003 I am lurking...sitting comfortably on shorts as this cycle tops this week here now......lower high early may.....LOWS end May.......patience.... Had too many beers today...holiday....so not intra daying Link to comment Share on other sites More sharing options...
Tchaikofsky Posted April 21, 2003 Report Share Posted April 21, 2003 Q1 reports have been 'highly encouraging' so far: Pru By Tomi Kilgore1:46pm 04/21/03 Ed Keon, quantitative strategist at Prudential, said that after viewing the reports from just over 20 percent of the S&P 500, first quarter results have so far been "highly encouraging." He said there is still reason to be cautious, but he believes a "positive economic and market cycle may have begun." He suggests investors overweighting in sectors that would benefit the most from a "virtuous" cycle, such as the financial and information technology sectors. The boat must be fully loaded before the next down leg begins. Thanks for helping load the boat Ed. The scary thing here is that if you followed the bullhorns for the last month, you'd be up big. They never say "sell", so nobody's selling. Link to comment Share on other sites More sharing options...
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