http://www.zerohedge.com/news/2013-05-16/bill-gross-we-see-bubbles-everywhere
Great comments from Gross as always. Some see dead people. He sees bubbles.
Great comments from Gross as always. Some see dead people. He sees bubbles.
The ACD Method
- Thread starter sbrowne126
- Start date
I am new to ACD, have read MF's book and went through this entire thread. A wealth of information on here and i certainly appreciate the quality discussions. There have been some comments about ETFs and how they can be used for international exposure, commodities, etc. I was wondering in regard to ACD what/how I should use the opening range for international and commodity ETF type instruments? The reason I ask is because Fisher states it should be in domicile country/time. Taking a commodity ETF first for say corn....should I use the recommended commodity opening range (i.e 5 minutes) for an equity product? Or should I treat it like an equity instrument and use a longer timeframe i.e. 20-30 minutes? Also, I am a bit confused with the international ETFs...take china for example. Say CZI, a US ETF so does not trade during China market timeframe. I am not sure if there is a foreign ADR version of it that trades in china, but if not how do you use the domiciled market/timeframe? And if so, how do you price/chart it for US? I am pretty new to these markets and ACD so any advice is much appreciated. Thanks in advance for your input.
so Mav been reading your commentary, not much to say. This reminds me of the Nasdaq bubble. The reason I bring it up was that pe, fundamental analysis, etc. went out the window. Enclosed chart of JNPR as a reminder that markets can remain irrational longer than you can stay solvent. 
Quote from kinggyppo:
so Mav been reading your commentary, not much to say. This reminds me of the Nasdaq bubble. The reason I bring it up was that pe, fundamental analysis, etc. went out the window. Enclosed chart of JNPR as a reminder that markets can remain irrational longer than you can stay solvent.
King, look at that JNPR chart again. Do you see the difference though? That chart has massive corrections on it. That stock did not go up every day for 300 days straight. I remember trading that market and it was almost impossible to stay long the market with the constant pullbacks. You had to get long on pukes either intra-day or on a swing basis. This market has ZERO volatility. Very different animal.
vix still high considering where we are at, no 9 print yet so as you say looks like people are covered. I was thinking when we broke out a few months ago the move that would hurt the most would be up. Hard to say if and when it will reverse. At some point there will be a shock to the market there always is, the bears will likely be all dead at that point.
Quote from kinggyppo:
vix still high considering where we are at, no 9 print yet so as you say looks like people are covered. I was thinking when we broke out a few months ago the move that would hurt the most would be up. Hard to say if and when it will reverse. At some point there will be a shock to the market there always is, the bears will likely be all dead at that point.
Reading that ES Journal thread is really sad. Every guy and his mother over there is short the market and are scaling in every handle higher. Once those guys blow out the market will top.
And also I would be nervous about calling a top on a shock event. Real tops are formed on good news, not bad news. And the selloff begins with everyone scratching their head trying to find out why. As Fisher liked to say, good news/bad action. The good news is what will have them trying to buy it all the way down just as all the bad news is causing them to short it all the way up.