skc
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Is this the "Let's pick on Prana thread"?
Prana, can you please make sure you use proper capital letters? Also, you missed a full stop between the first and second "true".
Equities On Verge Of Very Violent Rally
- Thread starter sam76
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Is this the "Let's pick on Prana thread"?
Prana, can you please make sure you use proper capital letters? Also, you missed a full stop between the first and second "true".
Well, I was trying to make him feel better but I don't think he read the article like michael_selway did 
:
Just wanted to point out not sure I agree with any of the analysts I've posted or the thread topic. In October Bob Hoye claimed we would be a tradeable rally till March based on his historical analysis (which is generally bang on).
I was thinking how this had turned out badly during the recent slump into the 600s on the SP500 but now thinking he was spot on again.
:Just wanted to point out not sure I agree with any of the analysts I've posted or the thread topic. In October Bob Hoye claimed we would be a tradeable rally till March based on his historical analysis (which is generally bang on).
I was thinking how this had turned out badly during the recent slump into the 600s on the SP500 but now thinking he was spot on again.
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There may well be very violent rallies if some other skeletons spook the market off the cliff again. Not sure they would involve equities as such, though!
Hark! Do I see a UBS corpse flailing?
Hark! Do I see a UBS corpse flailing?
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well, that particulat analyst must be pretty chuffed with himself this morning.
it would be nice if the rally extended to us though....
it would be nice if the rally extended to us though....
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and again.
not bad.
not bad.
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This was one of the funnier threads i've read in a long long time. The bloke in the first link (the story) was right all along. The rest of you laughed while the others who once saw this link below .......knew it was coming. Since i saw that chart below, i've sworn by it and it's worked a treat.
http://api.ning.com/files/AwcqrPivB...Z82l176idQKOnW-nGw5xwaw9BwYT/1937DowJones.jpg
http://api.ning.com/files/AwcqrPivB...Z82l176idQKOnW-nGw5xwaw9BwYT/1937DowJones.jpg
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yeah, it's not too often those guys get it right.
but credit where credit is due imo.
but credit where credit is due imo.
Timmy
white swans need love too
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I agree Sam. Especially where the call was made in the face of overwhelming bearishness and doom-and-gloom. Easy to succumb to peer pressure, much harder to think and assess independently, even harder to publicly announce the view so counter to the crowd. Kudos to the guy.
The only problem is for every correct prediction you read, you can find 10 that weren't correct at all. But they kind of disappear out the back door don't they.
p.s. the first leg of this rally may already be over with the DJI hitting resistance, and our market also hitting resistance, and buying getting thinner.
p.s. the first leg of this rally may already be over with the DJI hitting resistance, and our market also hitting resistance, and buying getting thinner.
That is a **** scary chart.
Initially I thought that.. but I question the relevance of a NASDAQ 100 ETF compared to the DOW ? especially considering the NASDAQ didn't exist in 1937. Not even comparing apples and apples.
Also it seems to have fallen apart right about now - On the chart the dow fell from an equiv ~8750 to ~7300 (hard to tell, chopped off), which is a large 16.5% fall. So in the next week, or give it two, the qqqq has to plunge from ~2970 to ~2479. According to the chart has to be a much lower low/crash - ~16.5% from here wouldn't be that at all.
Also it seems to have fallen apart right about now - On the chart the dow fell from an equiv ~8750 to ~7300 (hard to tell, chopped off), which is a large 16.5% fall. So in the next week, or give it two, the qqqq has to plunge from ~2970 to ~2479. According to the chart has to be a much lower low/crash - ~16.5% from here wouldn't be that at all.
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Agreed with the apples thing. My feeling is we are a week ahead of the 37/38 line and the bounce has started already.
That chart was posted by someone a month ago.....when the QQQQ line stops. And what has happened is what i think may be happening......i may be wrong in my assessment of whats going on but i'll tell it anyway and any thoughts would be welcome into my thinking.
The reporting season is basically over for now. So we aren't hearing so much bad news, one or 2 of the US banks recently reported a profit for one of the months and that combined with general other decent news (not that there is much, but there ain't much bad news either) has given a few cashed up peeps to come in and test the water, pushing some SP's up. What that chart does not show is the crash that happened after the mid year reporting season started.
In anycase, i'll enjoy what eva ride gets handed to me and follow this chart as much as i can.......seems to be the only chart that has been right so far.
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Yeah.
The next "reporting season" should be a real doozie. How much smoke & mirrors will be needed to cover up the appalling results?
Not to worry. As the bad performers with plummeting capital are continuously dumped from the DOW & ASX indexes, outperformers will take their places and help to inflate the indexes to new "highs"
Frankly, due to that very policy of replacing tanking companies with growing ones, I think the indexes are rapidly losing any touch with reality....
All Ordinaries Index? That's mis-leading. Companies making it into that elite index are hardly "ordinary" by any standard.
Maybe it should be re-named the "All Outperformers" Index.
Nyden
G.E. Money Genie
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Yeah.
The next "reporting season" should be a real doozie. How much smoke & mirrors will be needed to cover up the appalling results?
Not to worry. As the bad performers with plummeting capital are continuously dumped from the DOW & ASX indexes, outperformers will take their places and help to inflate the indexes to new "highs"
Frankly, due to that very policy of replacing tanking companies with growing ones, I think the indexes are rapidly losing any touch with reality....
All Ordinaries Index? That's mis-leading. Companies making it into that elite index are hardly "ordinary" by any standard.
Maybe it should be re-named the "All Outperformers" Index.
AJ, may I ask as to what your market intentions are? You're always so pessimistic, and I'm just wondering if you ever see opportunity? Are you just waiting for something of a perfect entry point, or are you in the 'off the market forever' crowd?
... as they say, trade the market - not the economy
Oh, and how is replacing companies in the index a bad thing? I was under the impression that this had always happened. Yeah, probably much better to keep the losing / bankrupt stocks in the index, maybe send out announcements suggesting for everyone to sell, as well.
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