Lemur Posted October 23, 2009 Report Share Posted October 23, 2009 crapplegoog got no juice left.... Shorted them just now. Smallish positions. Will stop out without a big loss if things don't go my way. Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 23, 2009 Report Share Posted October 23, 2009 SOX gettin whacked, bears need to kill it now.... Link to comment Share on other sites More sharing options...
specie Posted October 23, 2009 Report Share Posted October 23, 2009 i don't follow yen much but checking on it for client's import/export bidness anybody else think we could have a huge move down in yen soon? looks that way to me Link to comment Share on other sites More sharing options...
patents Posted October 23, 2009 Report Share Posted October 23, 2009 My 1 min and 5 min momentum indicators for the SPU are starting to bottom. My SPX 10 min momentum indicators are moving down from yesterday's extended high. I still think that we get the selling be absorbed about an hour +- after cash open that will stabilize the market. Then we will have to see if they ramp up the market in the middle part of the day or keep the market in a position holding pattern. Link to comment Share on other sites More sharing options...
ChicagoBear Posted October 23, 2009 Report Share Posted October 23, 2009 Good morning Buskow! Nice chart - I like how you can do that. IBD is counting any rise in volume, no matter how small. Price moves must be greater than .02% to count for accumulation or distribution. When volume rises and prices end less than .02%, its a churn (which leads to further interpretation). I don't post my charts here since they are pretty useless to anyone scalping the markets on an intraday basis. FWIW, here's what I'm seeing. The red hashes above the volume bars are distribution days, the green hashes are accumulation days, black is a downchurn, blue is an upchurn. I keep track of these over a rolling 4 week period in the box above the hashes. The market started to top back on 9/23, but buyers returned with 4 accumulation days in 2 weeks. Now we've had 3 distribution days since last Friday, while the buying on Monday and yesterday was insignificant. Can buyers return and blast this thing higher? Sure, it happened a few weeks ago. If they don't return, then the selling will gain momentum and we're facing the start of a correction (at least). The leading stocks are the key at this point. That's why I'm paying so much attention to the earnings reports at this time. Most company reports are simply horrendous relative to yoy comparisons (not speaking about expectations). Some of the big name companies (AAPL, GOOG, MSFT, etc.), though, are literally holding this market up, IMO. As everyone here knows, watch them for clues. If/when they go, the whole thing will go with it. To be fair, the reason I believe Doc's work is invaluable, is that this is all about market liquidity. When you get down to what I'm tracking here, it really is money flows. If the institutional investors have money to invest, it will go into these dogs and we'll keep marching higher. But once the crack supply dries up, money comes out. His reports about liquidity conditions are really what's driving the markets; I'm just picking it up in the volumes. Tanks Doc! Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 23, 2009 Report Share Posted October 23, 2009 Trannies still heavily diverging....near yesterday low.... Link to comment Share on other sites More sharing options...
DrStool Posted October 23, 2009 Report Share Posted October 23, 2009 looks like the 5 hr cycle has rolled over Link to comment Share on other sites More sharing options...
phatbubble Posted October 23, 2009 Report Share Posted October 23, 2009 This reminds me of the scene at the end of Terminator 2, where the bad Terminator ends up in the smelting pool.....and he morphs into different shapes, slinging limbs into the air as he sinks.... First INTC.....then Goople....then AMZN, MSFT...... Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 23, 2009 Report Share Posted October 23, 2009 NQ big finga Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 23, 2009 Report Share Posted October 23, 2009 This reminds me of the scene at the end of Terminator 2, where the bad Terminator ends up in the smelting pool.....and he morphs into different shapes, slinging limbs into the air as he sinks.... First INTC.....then Goople....then AMZN, MSFT...... Yeh, but morphing season just about over.... Link to comment Share on other sites More sharing options...
2faas Posted October 23, 2009 Report Share Posted October 23, 2009 approaching the 500e. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 23, 2009 Report Share Posted October 23, 2009 Added AMZN January 120 puts at 12.05. Link to comment Share on other sites More sharing options...
patents Posted October 23, 2009 Report Share Posted October 23, 2009 I hope that I am wrong, but I feel like a hunter telling myself to "wait for it." We will get a clearer shot at the bear if we wait just a little longer. Gosh, I hope that I am wrong. Link to comment Share on other sites More sharing options...
Lemur Posted October 23, 2009 Report Share Posted October 23, 2009 Goog holding up well here. Surprising. Apple not so much. Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 23, 2009 Report Share Posted October 23, 2009 bears gotta reclaim 1087 ES, and the big wheel can start rolling downhill.....dont wanna go back over 1095 now.... Link to comment Share on other sites More sharing options...
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