Semi-daily Thoughts
My last post was the exact day the October rally started (I think, didn’t check — but certainly close). Three days ago, I almost wrote a blog with the quoted title. The market indicator I subscribe to (it uses similar leading stock behavior techniques similar to those that got me out of the market prior [...]
So…read back through my blog posts…I’ve mentioned many times that the market is us, we are the market. My cousin, David, just forwarded a blog to me which applies fractals to the stock market, called Elliot Wave theory. Now, fractals are a mathematical concept that applies to all facets of the universe, including life, and [...]
But…key line in this article is “light volume” and “An issue, raised by Toronto money manager Terry Bedford: Apple (APPL), Wynn Resorts (WYNN) and Baidu (BIDU), three of the top momentum plays, were lower in a big rally. That’s not a good sign.” Beware… Tweet
Thanks for sending my way David! Tweet
Obama is at an all time low…regardless of my own political views, he has finally shown his true colors with this recent deficit reduction package. Almost all tax hikes, very little in the way of cost cutting. Even Dems are having a hard time defending it: “Well, he’s finally playing hard ball with the Republicans, [...]
So…it’s been awhile. And I’ve been 100% cash this whole time (except for my IBM 401K which I don’t count because I can’t trade in that account — more on that later). I haven’t posted for two reasons: I’ve been out of the market, and I’ve been absolutely swamped at work. But, I have been watching [...]
So…where to start? I haven’t posted in more than a month…I didn’t believe the rally during this period, and I didn’t want to play chicken with the US government, so I’ve been all cash. Having said that…S&P downgrades the US so the market crashes…but the Treasury rates go…down!!?? Due to a flight to safety. Ah [...]
Interesting…a U-shaped end to this correction? On very little volume? Possibly…it ‘feels’ like we’re done. But I’m not fully convinced. I did almost pull the trigger on buying in the morning, but…I’m not trying to catch the actual bottoms (which if this turns up I’ve already missed), but rather just smooth out the volatility, drastically [...]
Flash Player 9 or higher is required to view the chartClick here to download Flash Player nowView the full SLV chart at Wikinvest“For those holding silver and gold ETFs, we are using a violation of the 50-day moving average on GLD as our sell signal for all silver and gold ETFs.” That quote is from [...]
Well…haven’t posted for a while because there’s not much to say. The market is still correcting, but I don’t think it’s going to crash completely as in 2008. This is just a typical mid-cycle correction after a long bull market. I also don’t think we’ve hit the bottom of it yet…there’s been no “bottom panic,” [...]
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