tag:blogger.com,1999:blog-6135767210188526078.post5587864627242304804..comments2023-07-28T11:28:55.153-04:00Comments on pebblewriter: Charts I'm Watching: January 25, 2012pebblewriterhttp://www.blogger.com/profile/11324367600914701000noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6135767210188526078.post-26310282842698978862012-01-25T16:29:15.761-05:002012-01-25T16:29:15.761-05:00With ZIRP to infinity, it is interresting that the...With ZIRP to infinity, it is interresting that the banks did not participate in today's rally. It actually went red a few times whike every other asset class was shooting t the moon. Shouldnt the banks be the one who benefit the mos frm today's announcement? PW what do you make of the double bottom in VIX? Many logs were talking about the trigger of the VIX sell signal yesterday, but I guess that is busted now?curiousmindhttps://www.blogger.com/profile/01666424655241738081noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-15308561548438715962012-01-25T16:01:54.210-05:002012-01-25T16:01:54.210-05:00PW, it got all the way to 1328.3 today. Do you con...PW, it got all the way to 1328.3 today. Do you consider your target hit? What do you expect to happen now? It seems that there is a tendency to reverse the next day of the fed meeting. Hopefully I don't jinx it by saying it out loud. But it seems that everyone is saying we can only go higher now that Monday high was cleared....curiousmindhttps://www.blogger.com/profile/01666424655241738081noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-4829834052905858952012-01-25T12:41:11.119-05:002012-01-25T12:41:11.119-05:00Well said.Well said.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-88430313666479830662012-01-25T11:59:32.277-05:002012-01-25T11:59:32.277-05:00"Play the ball buddy, not the player""Play the ball buddy, not the player"beetlejuicehttps://www.blogger.com/profile/17317530269578300545noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-48205539007439255482012-01-25T11:50:02.292-05:002012-01-25T11:50:02.292-05:00PW, you won't see me cracking. Sure I might re...PW, you won't see me cracking. Sure I might release some frustration, however I know how to recognise a market that is irrational and ignorant of the real facts.<br />And the facts are that S&P earnings are abysmal and in decline. Secondly Italy has ZERO chance of rolling over its debt in 2012 without some drastic restructuring. They can't even come to agreement on Greece.....what hope Italy?<br />This will drag the global economy over the cliff.<br /><br />As I said somewhere else, this market is going to be a monumental short.<br /><br />Cheersbeetlejuicehttps://www.blogger.com/profile/17317530269578300545noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-35995017638038287922012-01-25T11:38:58.969-05:002012-01-25T11:38:58.969-05:00Today with the FED. Maybe some firework. The marke...Today with the FED. Maybe some firework. The market always does a headfake before reversing. Which way will it be today? Up first then down big (I hope), or down first then up big?? Just so the MM can screw with both bulls and bears, run all their stops to take all their money. So they can have all the money to themselves with the real move??curiousmindhttps://www.blogger.com/profile/01666424655241738081noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-60917826467191545752012-01-25T11:18:38.868-05:002012-01-25T11:18:38.868-05:00Don't bear market rallies tend to end on good ...Don't bear market rallies tend to end on good news as well? PW, well said, the lack of follow through here should be concerning to the bulls. We are clearly topping out, while the SPX has been flat the past 4 days, the DJIA makes it easier to see how tired this market is, is putting in a rounded top right now over the past week and has clearly lost momentum.Robhttps://www.blogger.com/profile/13425321450644450475noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-17967304238638630332012-01-25T11:13:09.580-05:002012-01-25T11:13:09.580-05:00No bullish follow through in the cash market. Pes...No bullish follow through in the cash market. Pesky negative economic news, etc. Remember, they won't ring a bell at the top. 1322 might have been IT, for all we know. It certainly could have been (though I'm still thinking 1329.) At this point, it's all about trade management. If you take a position here, just be sure to protect yourself with stops. <br /><br />Re waiting...that's a Wave 2's job, right? To demoralize and deflate bearish sentiment (and positions) so the crash will benefit the MM's instead of us. And, judging from the sentiment numbers and comments I've seen here and elsewhere, it's working. Keep the faith.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-29284147750285613082012-01-25T09:17:48.882-05:002012-01-25T09:17:48.882-05:00Beetlejuice,
I am right with you there. I have be...Beetlejuice,<br /><br />I am right with you there. I have been short for awhile waiting for THE TOP, which seems to be pushed higher and higher each day. It seems the market will never drop, all the dips are bought. Maybe when bears like us feel so down, it's a sign that the top is very close?curiousmindhttps://www.blogger.com/profile/01666424655241738081noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-49905151099060058112012-01-25T03:19:38.223-05:002012-01-25T03:19:38.223-05:00We have to be close to a top surely?
Now we have ...We have to be close to a top surely?<br /><br />Now we have AAPL likely to fire up the market.<br /><br />I want to believe that we are in top territory however I'm finding it harder and harder to find reasons to be bearish.beetlejuicehttps://www.blogger.com/profile/17317530269578300545noreply@blogger.com