SI
SI
discoversearch

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 TrendsHumble1 and Swing Trading Friends


Previous 10 Next 10 
To: robert b furman who wrote (8813)8/28/2012 9:49:08 AM
From: humble1
   of 40100
 
Bob: thank you for posting that excellent work. i love a running correction! :)

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: humble1 who wrote (8814)8/28/2012 9:52:21 AM
From: robert b furman
   of 40100
 
Hi H1,

Now we need Fintas to see if that darn glass has emptied enough!!

Bob

Share RecommendKeepReplyMark as Last Read


To: humble1 who wrote (8814)8/28/2012 10:27:59 AM
From: robert b furman
   of 40100
 
Nasty little double headfake this AM - the boys are usingh all the tricks today eh?

screencast.com

Bob

Share RecommendKeepReplyMark as Last Read


To: Joseph Silent who wrote (8702)8/28/2012 11:41:39 AM
From: Joseph Silent
   of 40100
 
This is the same (daily) chart I posted a couple of weeks ago .................

but now updated. You'll see that the dashed-white guiding line which was our support has now become our resistance. We need to get past it. This line may not look like much but it is a key diagonal.

I'd like to think that we are headed for a touch of the dashed-maroon line.


Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: humble1 who wrote (8807)8/28/2012 11:59:57 AM
From: llap
   of 40100
 
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 RecommendKeepReplyMark as Last ReadRead Replies (1)


To: llap who wrote (8818)8/28/2012 12:23:19 PM
From: humble1
   of 40100
 
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 RecommendKeepReplyMark as Last ReadRead Replies (1)


To: humble1 who wrote (8819)8/28/2012 12:45:29 PM
From: zman69
   of 40100
 
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 RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Joseph Silent who wrote (8817)8/28/2012 1:51:34 PM
From: chartseer
   of 40100
 
Our support is now our resistance? Is this bullish?

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: chartseer who wrote (8821)8/28/2012 3:02:10 PM
From: zman69
   of 40100
 
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 RecommendKeepReplyMark as Last ReadRead Replies (1)


To: chartseer who wrote (8821)8/28/2012 3:07:38 PM
From: Joseph Silent
   of 40100
 
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 RecommendKeepReplyMark as Last ReadRead Replies (2)
Previous 10 Next 10