It's so quiet here - is fear gripping you?

[chops_a_must]

Re: Its so quiet here - is fear gripping you?

Usually high unemployment is a precursor to a depression.

The only precursor to a depression is a recession.

 

[2020hindsight]

Re: Its so quiet here - is fear gripping you?

They say
a) "sell on good news", and
b) "buy on bad"
trouble is I don't have any money to "buy" with, lol - I forgot step a)

ahhh shinbone - money is of no consequence - unless you have none.

 

[BIG BWACULL]

Re: Its so quiet here - is fear gripping you?

Did someone say something? i'm still here :hide:
Depending how tomorrow goes i may still be here :hide:

 

[krisbarry]

Re: Its so quiet here - is fear gripping you?

There's a bear in there and stories to tell...Open wide, come inside, its play school.

 

[It's Snake Pliskin]

Re: Its so quiet here - is fear gripping you?

I'm looking forward to the next few weeks.

I'm not over leveraged, invested, nor, bearish. I like play school though, and big ted is in control.

Have fun.

 

[2020hindsight]

Re: Its so quiet here - is fear gripping you?

There's a bear in there and stories to tell...Open wide, come inside, its play school.

what's the guess for the Dow next weekend?
at this point, you are still (probably) ahead if you stayed with the market, rather than take the "sell in may". but things could change if those storm clouds keep bucketing on us.

when to come in? - surely this week sometime (?)

 

[dhukka]

Re: Its so quiet here - is fear gripping you?

thank you dhukka for your contribution.

so you think we all should be very fearful if long only?

On the contrary if you are long quality stocks that you bought at reasonable prices ensuring a margin of safety then why be fearful?

If however you buy stocks without any reference to intrinsic value you may well have something to fear. As Buffet once said:

"Its only when the tide goes out that you see who has been swimming naked"

 

[BIG BWACULL]

Re: Its so quiet here - is fear gripping you?

Am 38.39% in front at the moment But :hide:

 

[Spaghetti]

Re: Its so quiet here - is fear gripping you?

I do have fear. I do not fear the facts relating to resource stocks but I fear market sentiment being out of tune with mine. You can read all you like on the facts but you need to be able to read the minds of thousands to get through this patch. And if everyone waits to see what everyone else is doing nothing will happen. This market will only get turned around by the big end of town.

 

[2020hindsight]

Re: Its so quiet here - is fear gripping you?

Am 38.39% in front at the moment But :hide:

Exactly - but I'm sure many bears around here have been criticised on that score before. right eventually - but at what cost ?

Spaghetti - yep - well put - difficult to be in step with the market when it can be such an illogical beast (IMhumbleO) - not that I know enough to know what is logical either

when to come in? - Here are some dice to help you decide.

 

[BIG BWACULL]

Re: Its so quiet here - is fear gripping you?

:hide:

 

[trading_rookie]

Re: Its so quiet here - is fear gripping you?

Good to see some green on my watchlist...it was a very nervous weekend indeed.

 

[tech/a]

Re: Its so quiet here - is fear gripping you?

Corrections/or prolonged downturns dont manifest themselves as a "V" reversal.

The key to watch is volume.
If the index goes up or indeed shows some form of strength on LIGHT VOLUME,then the strength should be veiwed as weak.

Often short term corrections will take the shape of 3 waves.
One impulsive down,One weak move toward old highs,followed by a stronger move below the first waves lows.
If this then becomes a prolonged down move (which I suspect) then the corrective pattern will turn into a 5 wave down move with wave 4 showing similar characteristics to wave 2.

VOLUME and RANGE watch these for clues.

Not over yet by a long shot.

 

[2020hindsight]

Re: Its so quiet here - is fear gripping you?

welcome to **** Creek. Sorry, but after last week , we're right out of paddles - Good luck!

 

[BIG BWACULL]

Re: Its so quiet here - is fear gripping you?

:grenade::hide: I'm safe i'm under a chair lol

 

[Morgan]

Re: Its so quiet here - is fear gripping you?

To tell the truth, today's complete disregard of Friday's fall on the DOW is making me even more nervous! I'm exiting a few breakeven postions this afternoon to be on the safe side- after all, it only costs $30 to buy them back.
If the DOW has a fall again tonight- then could be very interesting tomorrow....

 

[BIG BWACULL]

Re: Its so quiet here - is fear gripping you?

:jump::hide:

 

[lusk]

Re: Its so quiet here - is fear gripping you?

welcome to **** Creek. Sorry, but after last week , we're right out of paddles - Good luck!

lol

Thats ok, its the bear in the back seat and the crocs in the water that have me worried.

 

[1stunnedmullet]

Re: Its so quiet here - is fear gripping you?

If this then becomes a prolonged down move (which I suspect) then the corrective pattern will turn into a 5 wave down move with wave 4 showing similar characteristics to wave 2.

if your getting into classic elliot wave here then I thought the corrective waves usually alternated, between simple (3 wave down up down) and complex (all over the shop with a general direction..messy way of putting it)?

am i getting flogged..yep
am i worried..to an extent but I gotta hold my nerve

charts will tell the story over the coming days, starting uni with the market like this does not help

just thinking, people have 'stops' in place but with markets down like this how many have honoured them? or turned around and said this is panic selling if i sell 'with the crowd' now then I'll be watching it soar next week?

 

[nioka]

Re: Its so quiet here - is fear gripping you?

- after all, it only costs $30 to buy them back.

Plus $30 to sell them. And what if you have to pay more to get back in. OK for the day trader but not for the genuine investors. Maybe this situation is created by the brokers on a regular basis as a means of increasing turnover.