Amazon's Amazing Ramp
181 replies to this topic
Posted 24 October 2009 - 03:41 AM
The men the American people admire most extravagantly are the most daring liars, the men they detest most violently are those who try to tell them the truth. -- H.L. Mencken
"Only a man who knows what it is like to be defeated can ... come up with the extra ounce of power it takes to win." - Muhammad Ali
"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." -- Claude Frédéric Bastiat
Posted 24 October 2009 - 04:50 AM
this is interesting because Bradley for 2009 says that the last turning point is in NoV 2009
the first turning point in 2010 is at march 2010. This would mean one thing - a BIG run up starting in november till march 2010, or a nice steadily falling till march 2010?
Jail, not bail!
Posted 24 October 2009 - 04:54 AM
Anthony caused pearls to be dissolved in wine to drink the health of Cleopatra; Sir Richard Whittington was as foolishly magnificent in an entertainment to King Henry V; and Sir Thomas Gresham drank a diamond, dissolved in wine, to the health of Queen Elizabeth, when she opened the Royal Exchange; but the breakfast of this roguish Dutchman was as splendid as either. He had an advantage, too, over his wasteful predecessors: their gems did not improve the taste or the wholesomeness of their wine, while his tulip was quite delicious with his red herring.here
Posted 24 October 2009 - 05:30 AM
what are the lines? SMA? which one? TIA
Jail, not bail!
Posted 24 October 2009 - 10:42 AM
On his site he runs correlation analysis for his Bradley (which evidently is Donald Bradley's original formula) vs a few markets.
Highest correlations are with oil & euro....
Quod Severis Metes
Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here.
You haven't answered my question.
Quite right. Interesting. That was quicker than the others.
Posted 24 October 2009 - 11:39 AM
I don't know if ya'll remember a post I did a while back about tops being formed by an initial break of the 5 min line, and then a recapture to the upside while momo wanes or flattens out on longer time frames. Anyway, below is a chart of the RUT displaying damn near perfectly what I was talking about. Sorry for the big size, but it was the only way I could fit what I think is a very important clue to what the market is up to right now.
I know, I know...completely random action....
Posted 24 October 2009 - 11:51 AM
I know that this does not matter for trading purposes, but it is in my nature to try to understand things -
Do you have any guess or theory as to why such a set-up may happen? What is the mechanics of the market that causes such a set-up? Is it just "psychology," or is there a series of events put in place by the "big boys?"
This may be asking to peer behind the curtain to see the Wizzard of Oz.
Posted 24 October 2009 - 11:56 AM
The hourly RUT shows the divergent loss of momo on a longer time frame. We have peeked in to crash window a couple of times already, and there is always the possibility that this is just another peek, but the 3rd time is the charm might just play out here...
I am hoping to see the trendicator 72MA approximate something along the lines shown on the chart below. It has just kinked down, from a very weak position in relation to the 200. It also did so in September, but we are much further along now, and the likelihood of a significant correction is much higher now, and has the historical comparisons from more than one period in time supporting the correction idea.
Obviously, any move back above Friday's high now would be a MAJOR warning sign to bears. But right now, they appear to have the ball in the Red Zone.
Posted 24 October 2009 - 11:56 AM
If/when I buy my brick of gold rather than Eagles, how should I test the brick to see if it is 100 percent gold since the common density test no longer works with the tungsten core gold bars?
Does anyone know?
Posted 24 October 2009 - 12:41 PM
Tops take time....just the way it seems to be...I just try observe what is, and try not to over analyze things, as the reasons are meaningless to me. How price generally reacts in various situations is really all that matters. The rest is just mental masturbation.
Fannie Mae was a great example. I identified glaring problems on their balance sheet in the early 2000's, yet they managed to survive for years, until price action finally gave the clues that the fundamentals were being realized by market participants. And then, even after the problems were evident, and there was no basis for even thinking about owing FNM, price hit the weekly 900, and to the surprise of many, it rallied off that low for another 2 years. I called that weekly bottom real time here pretty much to the day by the way, using only price action.
If were to guess, it would be that things generally get more over extended by fear on a short term basis by fear than they do by greed. Most bull markets are long grinding affairs, while bear markets are usually shorter and much steeper. So, often we see spike panic lows that reverse fairly quickly, and grinding slow mo roll tops. The exception on the tops is if it is a bubble top, with a severe final run. Those usually reverse fairly quickly. Just take a look at some of the earning reversals from spike tops we have already seen over the last few weeks, which were the result of panic buying, or fear of missing the next big move up.
Posted 24 October 2009 - 02:47 PM
Tungsten is very hard, combined with carbon (Tungsten Carbide) it is used to cut steel.
Gold is a very soft metal. 999 gold can be marked with you fingernail.
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