Humble1 and Swing Trading Friends | Stock Discussion Forums

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends Humble1 and Swing Trading Friends

Previous 10 Next 10

To: humble1 who wrote (8807)	8/28/2012 11:59:57 AM
From: llap	of 40423

Also good that consumer confidence is very subdued as per this a.m.'s Conference Board. Clearly not a time of irrational exuberance in any way. Lowest since November even with the market up quite a a bit since then. I'm always happy with low numbers. We're a galaxy away from the 1990's exuberance.

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: llap who wrote (8818)	8/28/2012 12:23:19 PM
From: humble1	of 40423

llap: so very true re: the 1990's exuberance. for months and years the bulls came on ... finally the dow 100,000's were taken seriously. oh these cycles are just awesome! now we are the other way ... i get some good info off of bloomberg but the ghouls there are awful ... especially the overnight ones in europe. and the real doomers pop in from time to time, like an asteriod hitting stuff like the spanish yields at a three month low (huge news and well opposite of what the groupthink said would happen) like just this morning get a 5 second blurb .... lol. but ... i rant .... and all you folks know this anyway ... :)

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: humble1 who wrote (8819)	8/28/2012 12:45:29 PM
From: zman69	of 40423

Yep. I call it the Pessimism Bubble... IMHO it will end up the same way all bubbles do, with the Sheeple who lap up all this doom and gloom getting squeezed mercilessly by a stock market boom that very few are prepared for.

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: Joseph Silent who wrote (8817)	8/28/2012 1:51:34 PM
From: chartseer	of 40423

Our support is now our resistance? Is this bullish?

Share	RecommendKeepReply Mark as Last Read Read Replies (2)

To: chartseer who wrote (8821)	8/28/2012 3:02:10 PM
From: zman69	of 40423

Depends on time frame. There is also plenty of prior resistance below that has acted as support. In the very short term we are in a high level consolidation mode. Bulls will call it a pause to refresh, bears will call it a distribution phase. Ms. Market will settle the score. IMHO the bulls are correct... TWT.

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: chartseer who wrote (8821)	8/28/2012 3:07:38 PM
From: Joseph Silent	of 40423

What was previously support for a while ................................................. is now providing some headwind to price. There is no "our" in support and resistance. These are simply lines representing expected values (in the sense of averages). I don't know about bullish and bearish. The market should be headed up if all goes according to plan.

Share	RecommendKeepReply Mark as Last Read Read Replies (2)

To: Joseph Silent who wrote (8823)	8/28/2012 3:17:33 PM
From: chartseer	of 40423

"You'll see that the dashed-white guiding line which was our support has now become our resistance." You posted our support and our resistance in your direct quote posted above. I only took it from your posting. Sorry if your words bothered you. I do sincerely regret upsetting you. It will never happen again.

Share	RecommendKeepReply Mark as Last Read

To: Joseph Silent who wrote (8823)	8/28/2012 3:18:02 PM
From: chartseer	of 40423

"You'll see that the dashed-white guiding line which was our support has now become our resistance." You posted our support and our resistance in your direct quote posted above. I only took it from your posting. Sorry if your words bothered you. I do sincerely regret upsetting you. It will never happen again.

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: chartseer who wrote (8825)	8/28/2012 3:24:54 PM
From: Joseph Silent	of 40423

I don't quite understand. I did not interpret it as botheration.:) What is stated is correct. What was once support often becomes resistance. The opposite is also true. What is resistance can later become support. If I am brief it is only because I got in from the airport at 5AM, after a long flight . Feel free to ask. If I know the answer I will always tell you. If I don't, I will tell you anyway. :) [I said there is no "our" because you cannot use "our" unless the probability is 1 that we are on the same team. Such a probability is rarely 1.]

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: zman69 who wrote (8822)	8/28/2012 3:40:26 PM
From: Joseph Silent	of 40423

If I had to guess I'd say that we are due for a big surprise candle in the next day or two, because the distance between chart lines is zeroing out. Time will tell. Perhaps it's just hope. :)

Share	RecommendKeepReply Mark as Last Read