Jorma Posted July 15, 2009 Report Share Posted July 15, 2009 It's all pretty silly, the one market thing wherein everything goes up and down together, inverse to Treasuries. I think this thing got out of hand with Crapvision shouting the recession is over. Hell, we even cleared 8500 by a mile. You can't get a much lower risk shorting opportunity than this close. Even if we launch tomorrow on the jobs number we'll be back close to here soon enough. Nothing has changed. Link to comment Share on other sites More sharing options...
capitall Posted July 15, 2009 Report Share Posted July 15, 2009 I am noticing we are seeing yet again how useless inside information can be. Buffet has reportedly said "With enough inside info and a million dollars, you can go broke in a year." Who woulda thunk that less than 2 weeks after TJ posted his last post on the board and gave us his inside info from his Pig Man connections-- a market trading range for the rest of the year of 7500-8800 Sow-- that the market would be less than 200 points below the very top number of that range? As we go forward we find out whether TJ's Pig Men connections were literally lying about this, or whether they were telling the truth in a way intended to deceive. Even if that info was true, it was certainly the most outright deceptive piece of info to a trader that an insider would know at that point in time. I hope TJ & his supposed 700-mil-a-year-earning boss are OK in this recent market action. That's the advantage of TA and other types of analysis that win more often than they lose-- a big advantage over insider info. TA is far more consistent in its outcome. Inside info givers can turn against you or me or Trader Joe or anyone in a minute. They can start giving the opposite of the correct info-- in order to reel in the fish that they have caught. They seduce you with initially correct info, and then later when you have been lulled into a sense of false security-- boom--they start giving you "info" that will seduce you into taking the opposite side of their own winning trades. Link to comment Share on other sites More sharing options...
mdporter Posted July 15, 2009 Report Share Posted July 15, 2009 My employer, getting to the top of the channel again. Q2 earnings report coming up. Hope the stock can stay elevated until August when I vest in some restricted stock. PnF says $16 is a target, if the stock goes to the top of the current channel that would be about right: Link to comment Share on other sites More sharing options...
AgentSmith Posted July 15, 2009 Report Share Posted July 15, 2009 Took on some serious water today! The market is setting up for a crash - late next week. I'm adding shorts .. moving soldiers back into the trading account for deploy tomorrow morning. Yeeeehaw. Link to comment Share on other sites More sharing options...
byhiselo Posted July 15, 2009 Report Share Posted July 15, 2009 keeping it simple: SPX broke thru a weekly downtrend line in June (grey circle) and then rode it down four weeks, unless this market turns dow pronto the next target is the green circle and higher downtrend line after that, new highs in our lifetimes... your mileage may vary, lets see Link to comment Share on other sites More sharing options...
Bungster Posted July 15, 2009 Report Share Posted July 15, 2009 keeping it simple: SPX broke thru a weekly downtrend line in June (grey circle) and then rode it down four weeks,unless this market turns dow pronto the next target is the green circle and higher downtrend line after that, new highs in our lifetimes... your mileage may vary, lets see byhiselo, You've posted some thoughtful pieces...Tanks! Link to comment Share on other sites More sharing options...
phatbubble Posted July 16, 2009 Report Share Posted July 16, 2009 Big H&S neckline breakdown: check Scam week neckline recovery: check Real neckline breakdown: TBD, maybe, stay tuned, don't mess with the bunny ears on your set Link to comment Share on other sites More sharing options...
snorkels4 Posted July 16, 2009 Report Share Posted July 16, 2009 volume analysis http://1.bp.blogspot.com/_Gi-9fDeQJwo/Sl5k...perspective.png http://stockcharts.com/h-sc/ui?s=SPY&p...id=p74358093992 Link to comment Share on other sites More sharing options...
phatbubble Posted July 16, 2009 Report Share Posted July 16, 2009 The tunnel jump on the SPX daily looks awfully bullish. This little bauble is a good addition to the failed H&S breakdown and the various other busted trendlines. If they're painting a bull suck-in for the retail fingernail chewers, this is a masterpiece. If not, get yer rally caps on, we prolly ain't seen nuthin yet. Link to comment Share on other sites More sharing options...
mdporter Posted July 16, 2009 Report Share Posted July 16, 2009 Container traffic moving through the Port of Long Beach fell in June after encouraging months in April and May, recently released statistics reveal. Traffic fell by 2% between May and June during a period when traffic typically experiences a surge due to increased shipping in preparation for the upcoming holiday season. Traffic this June represented a 28.7% decline compared to June of 2008. Similarly, in the first six months of 2009, traffic numbers have hovered around a 28% decline compared to 2008. June statistics remain consistent with 2009 statistics, but insiders had predicted continued improvement this month. Whoops, green shits instead of green shoots. Link to comment Share on other sites More sharing options...
DrStool Posted July 16, 2009 Report Share Posted July 16, 2009 Bears Need Interception, Big Return – Professional Edition by Lee Adler, Wednesday, July 15, 2009, in Money and The Fed, Professional Edition | Permalink |Comments (0) Edit If things hold up in the stock market on Thursday and Friday, 6 month cycle indicators could make it back to the buy side with chart structures showing potential for major base breakouts leading to much higher stock prices in the months ahead. To put it in football terms, bears need a 102 yard interception return, or they’re likely to get slaughtered. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information. Link to comment Share on other sites More sharing options...
Charmin Posted July 16, 2009 Report Share Posted July 16, 2009 Back in March this was the big squiggle. I sure hope the pigmen sell into JPM in the next two days. Link to comment Share on other sites More sharing options...
Charmin Posted July 16, 2009 Report Share Posted July 16, 2009 "So far the weekly patterns are working out in July as they typically do in other months. The market tends to be down for the week before the options expirations week, which it certainly was last week. Then the options expirations week tends to be positive, which this week certainly is so far. Keep in mind that the rest of the pattern is that the week after expirations weeks tends to be back down." Sy Harding http://syhardingblog.com/new/ Link to comment Share on other sites More sharing options...
Charmin Posted July 16, 2009 Report Share Posted July 16, 2009 High Frequency traders found a new stock to play in -AIG http://blog.themistrading.com/?p=180 Link to comment Share on other sites More sharing options...
Charmin Posted July 16, 2009 Report Share Posted July 16, 2009 Obama at the ballgame - "We're out of money." [flash=425,344]http://www.youtube.com/watch?v=1Dm_LenWU4I.swf Link to comment Share on other sites More sharing options...
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