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That Old-time TA


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Besides, Christmas sales and Refis be damned, this is supposed to be a technical analysis site...  

 

I don't look at the market through brown-colored or rose-colored glasses... what you see is what you get...

 

Funny to me that when our best laid plans on how the market will tank results in a dribble of fundamentals talk when they don't work out....

 

Let's stick to technical analysis, all this fundamental mish-mash about Denial, PPT, the invisible hand, all that trash is counter-productive...

 

Give me the TA, I don't need rationalization!

Give me that old-time TA, Give me that old-time TA . . . Speakers on, please!

 

Forgive me, Fart, but I just couldn't resist . . . :grin:

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Facts

 

Upside rate of change has fallen off last week. NAS up about 1% net last 6 days.

 

QQQ on Monday and Tuesday this week, net drain of 3 million shares. Nothing more than churning and chopping into the top.

 

1 million shares accumulated net today, of 27 million traded....

 

Yesterday 4 million drained...

 

So what does it tell ya?? The last of the sheep are being led into the barn and the match is being lit ...

 

Scam week means 26.20 to 26.25 to be seen soon on Q's. Followed by Ramp after MSFT earnings on Thur night..... which I will short into after covering tomorrow morning or afternoon....

 

Keep it simple.... we've seen it before. The wave 2 top is at hand...

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QQQ on Monday and Tuesday this week, net drain of 3 million shares. Nothing more than churning and chopping into the top.

 

1 million shares accumulated net today, of 27 million traded....

 

Yesterday 4 million drained...

SG....where are u getting these facts? Would like to know what u are using to determine accumulation or distribution.

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Tim's a good guy. I have a link to him under bear essentials over in the left column.

 

Doc is a little jealous. After all, The Stool is orders of magnitude bigger than Cyclesman. But I guess I am used to the thought that the mainstream media will never interview someone named Dr. Stepan N. Stool the Stock Proctologist.

 

They thik it's a joke or something. :cry:

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QQQ on Monday and Tuesday this week, net drain of 3 million shares. Nothing more than churning and chopping into the top.

 

1 million shares accumulated net today, of 27 million traded....

 

Yesterday 4 million drained...

SG....where are u getting these facts? Would like to know what u are using to determine accumulation or distribution.

OBV On balance volume, volume in up - volume in down direction gives you accumulation/distribution. I think. I use one minute charts of OBV (red/green volume) to guage pressure. I should say I use them when I'm trading.

 

I'm doing my best to remember that friends don't let friends trade during OEX.

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Re Saddam Exile Rumor:

 

Probably heavy back channel discussions going on between us, the Saudis, Egyptians and Turks. Notice that no one in the administration, not even Powell, has said much since the first of the year, despite steady criticism. Saddam into exile with his family and party leaders would be a win for everyone. We look good for doing this without a hot war, as do the Saudis, who desparately need a PR win, for brokering the deal. Part of the deal might be that we pressure the Israelis into peace with Palestine, which would mollify the Egyptians and Jordanians.

 

Anyway, the only reason for chiming in is that I think this will happen, and will rocket the market northward, temporarily, giving a great, shortable top to this move. No one is paying much attention because the source for the current "rumor" is the WorldTribune.com. Still the Wash Post ran this story about 3 weeks ago and it has not been denied by anyone.

 

BTW, all the troops going over is not inconsistent with this outcome.

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Tim's a good guy. I have a link to him under bear essentials over in the left column.

 

Doc is a little jealous. After all, The Stool is orders of magnitude bigger than Cyclesman. But I guess I am used to the thought that the mainstream media will never interview someone named Dr. Stepan N. Stool the Stock Proctologist.

 

They thik it's a joke or something. :cry:

I don't think the mainstream media will go for anybody who is at risk of telling the whole truth and nothing butt...........

 

I know this too well.

 

Besides, this site will be completely swamped, when massive doses of reality eventually descend on the sheeple......at which point.....ummmm.....dong?? :P

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