Marketbaromiter you threw in HAUP kind of sneakily with some big caps- why you like? I've been aware off this companies technology for 10 years and have always found it interesting... stoney
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Market Under Dstribution....
- Thread starter stonedinvestor
- Start date
Anything that might be given away during the holidays, I feel, is a good buy in July.
I dont know anything about Haup except that they produce some audio "stuff". On the chart, it always seems to ramp up before Christmas and thats all I really need to know...
I dont know anything about Haup except that they produce some audio "stuff". On the chart, it always seems to ramp up before Christmas and thats all I really need to know...
MarketB it's all about watching TV on your computer.
And with the wide screens out there I have always found this to be something people probably would not do. But if they can "portable" it, meaning if they can get satellite feeds to mobile computers... well... Kaching!
And with the wide screens out there I have always found this to be something people probably would not do. But if they can "portable" it, meaning if they can get satellite feeds to mobile computers... well... Kaching!
My wife called me inside to say La Dolce Vida was on. I realized staring at the screen that these italian movies I once really dug now bore the shit out of me. The same is true of these stocks.
I don't know what it is I have a real sour puss attitude, my watch list is gone-- what's left I don't like for one reason or another. What I see looks to high. I feel pressured to pull off a big trade. This can be when big mistakes happen.
Beginning of month jitters. I just need a quick $5,000 payout. Is that to much to ask Mr. Market?....
I don't know what it is I have a real sour puss attitude, my watch list is gone-- what's left I don't like for one reason or another. What I see looks to high. I feel pressured to pull off a big trade. This can be when big mistakes happen.
Beginning of month jitters. I just need a quick $5,000 payout. Is that to much to ask Mr. Market?....
Quote from piezoe:
Logically we should have a 6-8% "correction" in the S&P sometime in 2007, most likely by June. This would take us to somewhere in the vacinity of 1350 or a little lower. However, i don't count on logic, i just look to see what the market is doing and react accordingly. We haven't broken the up-channel yet, just threatening too. If you're anything other than intraday, probably wise to be a little circumspect here.
Exactly.
I refuse to buy at these levels as a swing trader. Here's an example: Kohl's. It has gone from $43 to $72 in one year. Why? Not for a good reason. I can tell you that much. Kohl's has not nearly doubled its revenues, profits, or eps growth, but its stock price has nearly doubled. Irrational.
I'd rather make twice the return with half the effort buying after corrections than on intraday dips, which is catastrophic just before a major correction occurs.
Now it is time to see how well the market holds the gains of the past few days. On TV all arrows up for the Naz 5 days, 30 says, etc. But why does it not feel good The NASD continues to lag way behind the S&P 500. It was up only 4 points and the NDX was actually down on the day. 2460 to 2470 resistance from the November and December highs remains an obstacle. If the NASD can clear 2470 in a measurable way then it should be set for a move up to the higher Fibonacci target around 2570. The catch is the NASD has to clear the resistance level first.
After these highs, the next cycle turn date is a low due on February 14. After that it is a long ride higher to a March 10 cycle high!. Total breadth was +2393 making five consecutive days of positive breadth!!! The last time we saw six was last August. That doesn't mean we won't see another positive day, but it does illustrate the current extended situation. Internally the market has become overbought. Or it's about to BLAST OFF into space?
After these highs, the next cycle turn date is a low due on February 14. After that it is a long ride higher to a March 10 cycle high!. Total breadth was +2393 making five consecutive days of positive breadth!!! The last time we saw six was last August. That doesn't mean we won't see another positive day, but it does illustrate the current extended situation. Internally the market has become overbought. Or it's about to BLAST OFF into space?
Quote from stonedinvestor:
One technical indicator that has worked very well over the past couple of years at calling intermediate-term market bottoms as well as intermediate-term market tops is the ratio of Nasdaq weekly volume to NYSE volume. We use a 3-week average of this ratio for our buy and sell signals. This indicator is unusual in that it combines an element of internal data (volume) and transforms it into an indicator that measures market sentiment. Historically, when Nasdaq volume rises vs. NYSE volume, it suggests that risk taking is rising, and that bullish market sentiment is overheating.
During the last three years, whenever Nasdaq volume has exceeded NYSE volume by at least 40%, on a 3-week basis, the overall market has pulled back or corrected. This occurred in January, 2004, January, 2005, April, 2006, and just recently in December, 2006, and January, 2007. Following the last three readings of over 140%, the S&P 500 has pulled back 8.2%, 7.2%, and 7.7%. Not unexpected, the declines on the Nasdaq have been larger with drops of 17.2%, 12.6%, and 14.8%. This indicator tends to give sell signals about one to two months prior to an intermediate-term top.
What's the reading on this indicator now?