Your DJIA sentiment next week?
Your DJIA sentiment next week?
- Thread starter turkeyneck
- Start date
GET UP!!!! 
10K
With a TED over 380 I see 10K next week.
Next month 9800 will not surprise me one bit.
Unless we can re-ignite the CP market and spreads keep getting wider we will see a major deflation in the markets.
With a TED over 380 I see 10K next week.
Next month 9800 will not surprise me one bit.
Unless we can re-ignite the CP market and spreads keep getting wider we will see a major deflation in the markets.
let's give Art Cashin that pony he has looked for for so long...as per his description, he has been diiging thru a barnful of horseshit, certain that there is a pony in there somewhere.
His age-old, tried-and-true, pattern for a market bottom is...down big late in week, thursday-friday, big down followthru on following monday, big down open on the tuesday morning, with a rip-roaring rally to close on tuesday.
that's his ideal scenario, and I have seen several that follow this pattern fairly well.
that said, I have also seen instances when it was so anticipated...traders anticiapting a whole lotta selling on a monday, and then again on a tuesday, etc, that due to that anticiaption, the selling that might otherwise 'normally' occur on a monday then tuesday, gets done 'earlier'.
possibe that may be the case this go-round. hard to say, I thought this market had found a bottom about a week ago, and that didn't hold.
the main point I make is, Art Cashin has accurately called the market as this decline has transpired, he may as well 'get his pony', and be done with it.
His age-old, tried-and-true, pattern for a market bottom is...down big late in week, thursday-friday, big down followthru on following monday, big down open on the tuesday morning, with a rip-roaring rally to close on tuesday.
that's his ideal scenario, and I have seen several that follow this pattern fairly well.
that said, I have also seen instances when it was so anticipated...traders anticiapting a whole lotta selling on a monday, and then again on a tuesday, etc, that due to that anticiaption, the selling that might otherwise 'normally' occur on a monday then tuesday, gets done 'earlier'.
possibe that may be the case this go-round. hard to say, I thought this market had found a bottom about a week ago, and that didn't hold.
the main point I make is, Art Cashin has accurately called the market as this decline has transpired, he may as well 'get his pony', and be done with it.
Maybe... the GOP is not going to hand it to Obama on a silver platter.