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Thousands of years of reliable candlestick patterns have spawned new mutations in the evolutionary stock market ecology. warning: "patterns are the fool's gold of the financial markets. They are the inevitable consequence of the human need to find patterns in the patternless." mandelbrot.

About the only argument that convinces me on the bull side (aside from price action), is that there are a few entities with extremely deep pockets that are using derivatives to push buying power into the markets on an unprecedented scale. This does not equate to more buyers than sellers, nor...

Wouldn't it be nice to argue this for our 1040s? "The White House and the Congressional Budget Office oppose the change, arguing that the programs are not true liabilities because government can cancel or cut them."

http://biz.yahoo.com/ibd/070524/tech01.html?.v=1 ------------------------------------------------------------------ Panel Of Analysts Bearish On The Chip Gear Industry Thursday May 24, 7:00 pm ET James Detar Three well-known market watchers, speaking on a Silicon Valley panel Wednesday...

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"I think you mean to say "profits", not "revenue". Just think of a company that had 1 billion in revenue, but it cost them 2 billion to generate it. You probably don't want to be invested in their stock." Unless their name is amazon of course:D

Hey Makloda, That was a pretty good reading list you provided. Those academic papers required a lot of indigestion (pedantic nirvana), however, they had some interesting pts. I'm surprised to see you posted Hussman's argument, since this is a very bearish argument against the FED valuation...

With inflation running at only 2% for the next 20 yrs and no recession in sight (like that sneaky old curmudgeon of 1990) , there's nothing but blue skies to look forward to. At least, that's what they're telling me on tv. :D

http://www.investopedia.com/ask/answers/102.asp

volume is picking up again. Are bears finally going to get their day in the sun?

I've shown this chart before. It basically shows (IMO) that the FED doesn't start cutting after a plateau, until AFTER the market pulls back from a substantial high. If that thesis holds true, we've got a while to wait for the market to have any kind of a reasonable pullback showing signs of...

Fundamentals notwithstanding, considering the large vol double bottom. This could also be a potential gap n squeeze shorts play ala amzn. MMs are probably watching short int. vol like hawks. Approach cautiously on any shorts here IMHO.

Have to go with the dipsters on this one. Talk about a divergent indicator-- New Orders for Dur Goods YOY rate has been dropping at about exactly opposite the rate of S&P 500 rise.

"Oh, ho, ho it's magic, you know Never believe it's not so It's magic, you know Never believe it's not so." On the correlation between the markets and the economy.

http://biz.yahoo.com/c/ec/200719.html You could write an excel script to step through all the dates you want and spit them out into one file. Above is 200719 just run a loop to step backwards i.e. 200719 200718 . . .

That large vol shooting star formation on spy/qqqs doesn't make the breakout argument look all that convincing. "Somehow reminds me of the previous 27 market breakouts to the upside that look tired, plagued with negative divergences, negative candle patterns and terribly low volume. And...

Does that mean that when we have an unusual intraday surprise in great news, like say the GDP unexpectedly rose 5%, or consumer confidence and PCE suddenly jumped 5%, that there will be a sudden and dramatic surge to the downside on huge volume. That's going to make for a lot of adjusting...

SDS/QID hammer on mega volume. Is it finally worth taking a bite? Have all the razor blades been removed? tempting.. tempting... must resist.

That large vol shooting star formation on spy/qqqs doesn't make the breakout argument look all that convincing.

Double bottom anyone? Perfect news release to coincide with double bottom IMHO. From: http://articles.moneycentral.msn.com/Investing/Dispatch/070516markets.aspx?msn=5 "More problems for Dell New York to Dell: Fuhgeddaboudit. The New York state Attorney General's Office is suing the...