MrHanky Posted April 22, 2009 Report Share Posted April 22, 2009 Every time we tank in the last half hour,we seem to blast off the next day. See if they can do it again Link to comment Share on other sites More sharing options...
cwd Posted April 22, 2009 Report Share Posted April 22, 2009 Interesting - playing the inexorable grind lower on the leveraged ETFs I assume. I think you'll have to rebalance your holdings daily - so that you maintain 50% exposure (total dollars) to each - assuming you only want to play the grind, and you don't have direction bias on the financials. You don't want to rebalance for some period. I think longer you hold it the more both sides deterioate. Link to comment Share on other sites More sharing options...
cwd Posted April 22, 2009 Report Share Posted April 22, 2009 About 1/2 hour ago they had "Mandi" Drury on C N B C with the Asia update......then they cut back to Maria B.......I almost puked up blood...... G-damn that Mandi is "smokin'" Not sure what time it would have been in Asia/Pac but she was dressed to the nines -- goin' out on the town maybe?.....man, what a looker Marisa who? It is early Thursday morning. she may just be getting in. Link to comment Share on other sites More sharing options...
cwd Posted April 22, 2009 Report Share Posted April 22, 2009 The latest from Richard Russell on Lowery's Consider this -- On April 20, the Dow plunged 289 points along with a 170-point drop by the Transports. It was a powerful drop and it was a 90% down-day. The Lowry's figures showed how strong the April decline was. Lowry's Buying Power and Selling Pressure spread an additional 24 points apart with Selling Pressure alone up 13 points. Then we saw yesterday's bounce with the Dow up 127 points and Transports up 95. But the Lowry's statistics showed that yesterday's advance was weak compared with the powerful decline of the day before. Yesterday's rebound closed the spread between Lowry's Buying Power Index and their Selling Pressure Index by only 5 points with the Buying Power Index higher by only 3 points. What the Lowry's studies tells us is that selling has been far more powerful than buying. This does not bode well for new highs in the Averages. My conclusion -- traders and investors sold heavily into the market on April 20. They continued to sell into the rally of April 21. RR Link to comment Share on other sites More sharing options...
Cassiopeia Posted April 22, 2009 Report Share Posted April 22, 2009 Every time we tank in the last half hour,we seem to blast off the next day. See if they can do it again Dunno. The past two weeks have been similar price patterns. Low on Tues or Wed and then blast-off. Today was an old-fashioned squeeze. Down 4%, Up 1.5%, Down 1%, Th:?, F:? Not looking boolish to me. Link to comment Share on other sites More sharing options...
jickiss Posted April 22, 2009 Report Share Posted April 22, 2009 jickiss is back! jickiss is back! and, Not, repeat, Not Questioning Shorty's Earl impressions, but the DXO item looks good to close the gap, that is, Earl could bounce up here. And, da Former First Lie-dee addressed a House Committee.....get it??? http://www.upi.com/Top_News/2009/04/22/Cli...34481240421045/ Link to comment Share on other sites More sharing options...
Bungster Posted April 22, 2009 Report Share Posted April 22, 2009 The latest from Richard Russell on Lowery's Consider this -- On April 20, the Dow plunged 289 points along with a 170-point drop by the Transports. It was a powerful drop and it was a 90% down-day. The Lowry's figures showed how strong the April decline was. Lowry's Buying Power and Selling Pressure spread an additional 24 points apart with Selling Pressure alone up 13 points. Then we saw yesterday's bounce with the Dow up 127 points and Transports up 95. But the Lowry's statistics showed that yesterday's advance was weak compared with the powerful decline of the day before. Yesterday's rebound closed the spread between Lowry's Buying Power Index and their Selling Pressure Index by only 5 points with the Buying Power Index higher by only 3 points. What the Lowry's studies tells us is that selling has been far more powerful than buying. This does not bode well for new highs in the Averages. My conclusion -- traders and investors sold heavily into the market on April 20. They continued to sell into the rally of April 21. RR Good to know. Thanks for the heads up cwd... Link to comment Share on other sites More sharing options...
MrHanky Posted April 22, 2009 Report Share Posted April 22, 2009 I gotta admit,I am starting to believe it is a possibility.....Although I don't see us getting above the 9k area. But I have no clue with all these whipsaws Link to comment Share on other sites More sharing options...
DrStool Posted April 22, 2009 Report Share Posted April 22, 2009 http://radiofreewallstreet.fm New podcast posted. Free 11 minute excerpt for non subscribers here. Link to comment Share on other sites More sharing options...
K Wave Rider Posted April 22, 2009 Report Share Posted April 22, 2009 Watching NQ real closely tomorrow....we blasted above all those 200s on multiple time frames and then pulled da finga...but if they can't follow thru downside tomorrow and start trading below em, be careful on da short side...bears need to git er dun manana.... Like TJ, I too remember when the Naz led the way out in '03...I think da bears will prevail tomorrow, but I could be wrong....if they do break it tomorrow, should see 1240-50 on NQ fairly quickly.... Link to comment Share on other sites More sharing options...
K Wave Rider Posted April 22, 2009 Report Share Posted April 22, 2009 1 min NQ may give the first clues overnight..... Link to comment Share on other sites More sharing options...
K Wave Rider Posted April 23, 2009 Report Share Posted April 23, 2009 Just got around to downloading the new tradestation update... some new chart types like renko below, and the ability to go all the way up to 65,000 tick charts...will let y'all know if i find any good time frames over the prior 4k limitation. http://www.investopedia.com/terms/r/renkochart.asp Link to comment Share on other sites More sharing options...
K Wave Rider Posted April 23, 2009 Report Share Posted April 23, 2009 just at first glance, this Line Break type of chart looks like it might have some potential..... Link to comment Share on other sites More sharing options...
K Wave Rider Posted April 23, 2009 Report Share Posted April 23, 2009 here's the prior period....yep, definitely looks interesting.... Link to comment Share on other sites More sharing options...
K Wave Rider Posted April 23, 2009 Report Share Posted April 23, 2009 looks like I'm yakking with myself here tonight.... Link to comment Share on other sites More sharing options...
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