Imminent and severe market correction

[>Apocalypto<]

Simple not every US Market is advancing.
Yet we have new records on the DOW most days.
If your not worried you should be.
Because the Dow is the only thing keeping those other Markets from turning Bearish.
So if the DOW does not advance
Well lookout below because these indexes have been partly correcting already.

Bean it is very dangerous when you assume anything.

The DOW is 30 stocks it is not the US market.

I really suggest you start adding some basic charting to your trading cuz your highs and lows do not show up on the charts.

 

[nizar]

Simple not every US Market is advancing.
Yet we have new records on the DOW most days.
If your not worried you should be.
Because the Dow is the only thing keeping those other Markets from turning Bearish.
So if the DOW does not advance
Well lookout below because these indexes have been partly correcting already.

Look at the s&p500. Almost at record highs.
How can you say thats not advancing??
Its pretty hard to make 500 companies look good (as opposed to 30)

 

[KIWIKARLOS]

hahahahahaha everytime i read this forum i get a good laugh, the pessimists are flogging a dead horse here i feel. :

 

[>Apocalypto<]

hahahahahaha everytime i read this forum i get a good laugh, the pessimists are flogging a dead horse here i feel. :

It is also getting quite delusional as well!

 

[tech/a]

As you overcome the need to be right---you realise that infact all you need be is PROFITABLE.

Calling tops and or bottoms is interesting---the only thing that listens to my calling is my DOG, gets it right everytime!

More guessing than analysis seen here---well from my observations.

 

[KIWIKARLOS]

My biggest scepticism is that everyone is basing this on the past, my argument is that today is nothing like the past.

Today we have massive potential for exponential growth from around the globe, think of all the markets and countries which are opening up for business. the ex-soviet counties that have huge fossil fuel supplies, China, Russia hell even africa has 6% growth.

And sure the rapid growth in china might not be sustainable at such high levels but there is multitudes of smaller nations pickin up the pace, who's to say were not on the verge of an economic revolution.

 

[CanOz]

My biggest scepticism is that everyone is basing this on the past, my argument is that today is nothing like the past.

Today we have massive potential for exponential growth from around the globe, think of all the markets and countries which are opening up for business. the ex-soviet counties that have huge fossil fuel supplies, China, Russia hell even africa has 6% growth.

And sure the rapid growth in china might not be sustainable at such high levels but there is multitudes of smaller nations pickin up the pace, who's to say were not on the verge of an economic revolution.

I certainly wasn't ever calling a top to a booming market, just a business cycle. I too believe that the commodity super cycle theory will power on, as you say, with the help of BRIC.

I do believe we'll see the current cycle end, sooner rather than later. My only interest is for the experience of seeing the cycle end, and begin again, watching the charts as they correct, its a great time to be so focused on the markets. Daily records being smashed, weekly and monthly records falling too.

Like i've said before, this is history in the making. Very interesting times. Very profitable times.

Cheers,

 

[Uncle Festivus]

Look at the s&p500. Almost at record highs.
How can you say thats not advancing??
Its pretty hard to make 500 companies look good (as opposed to 30)

I agree, it's harder to manipulate 500 stocks than it is 30. So it raises the idea that the Dow could be manipulated somewhat.

Having just done a crash course in Bean-o-lingo, I think/assume Mr Bean is trying to say is that relative to the DOW other indices performance are lagging a bit.
Now if this has any semblance of correctness then any meaningful retracement in the Dow, for whatever reason, may impact more on the other indices because they are already just 'tagging along' so to speak.

Who knows, it could all be bull

Charts - Nasdaq & S&P500 relative to the Dow - is this a valid comparison?

 

[tech/a]

Uncle.

Well it could be.
The strongest stocks are generally the last to come off.

All charts interestingly
Nasdaq
S&P
Dow

and the ASX are all on multiple wave 5 completions with regard to Elliott analysis.

Been maybe hard to follow but may well be on to something.

 

[bean]

I agree, it's harder to manipulate 500 stocks than it is 30. So it raises the idea that the Dow could be manipulated somewhat.

Having just done a crash course in Bean-o-lingo, I think/assume Mr Bean is trying to say is that relative to the DOW other indices performance are lagging a bit.
Now if this has any semblance of correctness then any meaningful retracement in the Dow, for whatever reason, may impact more on the other indices because they are already just 'tagging along' so to speak.

Who knows, it could all be bull

Charts - Nasdaq & S&P500 relative to the Dow - is this a valid comparison?

Uncle Festivus
Thankyou
That’s what I am seeing in my programs except I am seeing it in numbers (I use numbers and give them values (based on short medium and long term) and get a value in return.) I am getting negative or just in positive for the Nasdaq each day since the 10th May. The last 4 days have been negative and the number is increasing. It should be decreasing in fact it should be positive. The other indexes if I enter a down day (nothing to bad) they nearly turn negative or are so weak two days down in a row will turn them. That should not happen if they have strength.
I use averages, a/d, up and down vol, highs and lows, random time series numbers and a couple of other things.

 

[>Apocalypto<]

Uncle Festivus
Thankyou
That’s what I am seeing in my programs except I am seeing it in numbers (I use numbers and give them values (based on short medium and long term) and get a value in return.) I am getting negative or just in positive for the Nasdaq each day since the 10th May. The last 4 days have been negative and the number is increasing. It should be decreasing in fact it should be positive. The other indexes if I enter a down day (nothing to bad) they nearly turn negative or are so weak two days down in a row will turn them. That should not happen if they have strength.
I use averages, a/d, up and down vol, highs and lows, random time series numbers and a couple of other things.

Bean,

I see what your saying and this was said last year as well Dow was leading other indexes.

I have no clue in how you work out your reason to make a trade but if it works and your coming out on top then i say well done!

i will give you another possible clue if your into index trailers.

All ords is more then the S&P200 i have never seen this before but i have only 1.7 years looking at the figures.

does that say no one big is game to buy the top 200 right now? or is everyone just buying MBL!

 

[Wysiwyg]

but if it works and your coming out on top then i say well done!

your is you are is you`re.lol

 

[nizar]

All ords is more then the S&P200 i have never seen this before but i have only 1.7 years looking at the figures.

does that say no one big is game to buy the top 200 right now? or is everyone just buying MBL!

Interesting observation TI.
WHen the indices first crossed 4000, XAO did hit it first.
But for 5000 and 6000 it was XJO that hit it first.
Now XAO>XJO...
Hmmm.... So punters are buying up the top490 companies minus the top 200....

Interesting...

If s&p500 breaks new highs this week then its onwards and upwards for this bullmarket.....

 

[bean]

If s&p500 breaks new highs this week then its onwards and upwards for this bullmarket.....

Yes but if it cough's its getting PNEUMONIA

 

[nizar]

Yes but if it cough's its getting PNEUMONIA

Yeh well in that case give a bit of ceftriaxone/amoxycillin and a bit of roxithromycin (to cover the atypicals) and she'll be aight !

 

[bean]

Yeh well in that case give a bit of ceftriaxone/amoxycillin and a bit of roxithromycin (to cover the atypicals) and she'll be aight !

By my recking the stocks that have been making the advance are all ones that rely on a weak US$ most of there profits have come from overseas markets. The others have been financial as the money supply has increased
The ones that are not making the advance are Nasdaq- well its still in a bear???
And the smaller cap which rely on the US consumer who are borrowed to the tilt and are suffering from high fuel prices interest rates and a slowing economy.
All very important to US market and they are the ones that are showing a recession on the US economy is one or two quarters away.
My opinion someone may understand in a few months

 

[>Apocalypto<]

your is you are is you`re.lol

Lat time i checked this was a stock forum, not a spelling road show you rude prick!

 

[nizar]

Lat time i checked this was a stock forum, not a spelling road show you rude prick!

LOLOLOLOLOL
hahahaah

 

[Yeti]

your is you are is you`re.lol

Actually that should be you're. If you're going to comment on other peoples' spelling you want to make sure you get it right yourself- even the apostrophes

 

[bean]

Sound like a broken record
However Bulls no need to worry If the US markets, US Gold Indexes and Gold are up tonight and tomorrow I will be nearly turning Bullish.
I am a Gold Bull, however Gold & US Gold Indexes are not joining the party at the moment, could change in the next day or two
The XAU & HUI are sitting just below most of there moving averages, and a few other thing I use.
However why have they not broken out when every other Index is making new highs???
Could it be they know something???
Nasdaq new record closing high, my reading turned slightly positive however and couple of up days and well you will have the Nasdaq and other US markets gaining strength and US Gold Indexes breaking out.
I still only need one down day and Nasdaq is negative again and two down days in a row and the US Markets will be changing direction. And the Gold Indexs until they turn positive I am of the belief that the Markets going down.
Gold stocks will fall if the US Markets correct

My time frame window is now reduced to one possibly two days for the Markets to start correcting
Tonight and at latest Wednesday night