StockFetcher Forums · Filter Exchange · HOW TO KNOW IF MARKET IS GOING TO REVERSE DOWN<< 1 2 >>Post Follow-up
karennma
6,827 posts
msg #80824
Ignore karennma
10/8/2009 12:04:59 PM

I have read so many newsletters written by so-called "experts".
I've also been following BAM Investor on Twitter.
The reality is ... NO ONE KNOWS when the market is gonna "reverse down".
Certainly the "experts" I've been following don't know.
Peter Schiff's been crying wolf since March.
So far ... NO "October crash".
I've noticed, even the guys who post charts on you--tube, aren't committing to one particular direction or another.
Whether you're using linear or logrithmic charts matters not.
The market is STILL trending up.
I honestly don't think there's any real way to tell when a correction is coming in THIS market, which is clearly being
manipulated by the Fed and GS.
It a just another bubble .. a fictitious "recovery" based on Ben Bernanke's money printing machine.
The market will drop when THEY want it to.




Kevin_in_GA
4,548 posts
msg #80827
Ignore Kevin_in_GA
10/8/2009 12:26:28 PM

I agree that the current uptrend is unsustainable. Even olympic athletes need to rest a bit.

I personally see this lack of volume as an indicator of a pending reversal, but God only knows when that will happen.

Still placing long bets, and will start to play some volatility-driven trades soon. I'm hoping for a market that slowly heals from its injuries, but still provides enough action to keep all of us happy as we go.

karennma
6,827 posts
msg #80829
Ignore karennma
modified
10/8/2009 12:39:38 PM

Kevin_in_GA
- Kevin_in_GA 10/8/2009 12:26:28 PM
I personally see this lack of volume as an indicator of a pending reversal, but God only knows when that will happen.
=========================================================================================

"low volume" signifies nothing. I've been hearing the "low trading volume" argument for months!
Look at this ...
Two weeks after this article was written, the biggest bull run in history started.
Note the headline: "Low Trading Volume Leads to Doubt in Markets".
Within six months, we're UP 50%.
There's no rhyme or reason to the markets. NONE!
http://www.mataf.net/en/news/forex-757






richo
74 posts
msg #80856
Ignore richo
10/9/2009 6:55:51 AM

The number of new highs on the NYSE was over 400 yesterday while the new lows remain very low and flatlined. While I
still see a strong uptrend, we are due for a "healthy breather"

Rich

karennma
6,827 posts
msg #81774
Ignore karennma
10/26/2009 3:23:32 PM

I'd like to know the ## of new highs n' lows now!!??
Didn't the DOW make a triple top before it ran outta steam?
On .. 10-19-09, 10-21-09 and 10-22-09 ... ???



karennma
6,827 posts
msg #81775
Ignore karennma
10/26/2009 3:31:47 PM

I'm showing
Declines: 65.6%
Advances: 20.5%
Unchanged: 13.9%


Eman93
4,659 posts
msg #81804
Ignore Eman93
10/26/2009 10:37:44 PM

karennma
- Ignore karennma 10/26/2009 3:31:47 PM

I'm showing
Declines: 65.6%
Advances: 20.5%
Unchanged: 13.9%
=======================================================

I read something today about overall advances shows a high number because of income funds?

You need to make sure it sorts for equities only.... to give a clear picture of what is going on....

StockFetcher Forums · Filter Exchange · HOW TO KNOW IF MARKET IS GOING TO REVERSE DOWN<< 1 2 >>Post Follow-up

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