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Yes, while XLF hasn't even broken yesterdays high, hilarious.Al_Dente wrote:Top two performers in the dow: JPM, BAC
http://www.youtube.com/watch?v=LPn0KFlb ... re=related
[edit: today, intraday]
I gave up guessing a top now.SB73 wrote:Everything but price says it might be for real. I would love ot add to the shorts, but am totally scared shitless.Cobra wrote:breakout but 2 bar reversal, not good, let's see if this bar can follow through the reversal. wait.
Are you holding long position overnight? We may have another huge gap up tomorrow. I had to hedge short position. We may pop out of the bollingerbands to the upside before a meaningful reversal can begin. Lately, it seems as if we move higher throughout the day we close at the HOD. Although I would hate to see it, we may do the same today.Cobra wrote:I gave up guessing a top now.SB73 wrote:Everything but price says it might be for real. I would love ot add to the shorts, but am totally scared shitless.Cobra wrote:breakout but 2 bar reversal, not good, let's see if this bar can follow through the reversal. wait.
One had to move 900 miles after graduation when a job fell through or sit at home unemployed. I can't even express the hurt my wife and I feel over that. I hold a particular contempt for both administrations who said their wealthy doners can't take haircuts, so small businesses will. And in "The Quiet Coup", Simon Johnson warned them that they would control the economy if they continued on their path. Now they really are to big to fail. Everyone, for the first time since the WW II years, is waiting for another shoe to drop. I don't think any rationale individual thinks we are going back to the standard of living of 3-4 years ago in our lifetime.taggard wrote: as for your kids--the hard part is to teach them to benefit from these sorts of changes--AT THE SAME TIME not lose their sanity soul whatever to it.
they need to look where others don't--the good news is that most people are looking in the same place. best of luck to you and your kids
as to black swan--almost has to (in my opinion). due to the uncontrolled irrational growth of this new form of liquidity. what's sort of odd is that this or these black swans maybe only growing pains. and that might increase frequency of event--but decrease time frame of event so if you have a sine wave it gets crushed together until it is almost solid sort of idea.SWalsh wrote:One had to move 900 miles after graduation when a job fell through or sit at home unemployed. I can't even express the hurt my wife and I feel over that. I hold a particular contempt for both administrations who said their wealthy doners can't take haircuts, so small businesses will. And in "The Quiet Coup", Simon Johnson warned them that they would control the economy if they continued on their path. Now they really are to big to fail. Everyone, for the first time since the WW II years, is waiting for another shoe to drop. I don't think any rationale individual thinks we are going back to the standard of living of 3-4 years ago in our lifetime.taggard wrote: as for your kids--the hard part is to teach them to benefit from these sorts of changes--AT THE SAME TIME not lose their sanity soul whatever to it.
they need to look where others don't--the good news is that most people are looking in the same place. best of luck to you and your kids
As to your points, all valid. If a Black Swan hits the derivative mkt could close banks down overnight.
Thanks
SWalsh, I believe in cycles, so if you look at the market, you can see that there is approx 18 year cycles. We are in a waning cycle starting from around 2000, we are consolidating the previous 18 years of growth. The market cannot go up forever, just like a stock, it has to pause and consolidate. There are negative planetary action into 2015, not saying it will happen, but we could get another recession in 2014-2015, and then the markets are most likely off to the races...SWalsh wrote:One had to move 900 miles after graduation when a job fell through or sit at home unemployed. I can't even express the hurt my wife and I feel over that. I hold a particular contempt for both administrations who said their wealthy doners can't take haircuts, so small businesses will. And in "The Quiet Coup", Simon Johnson warned them that they would control the economy if they continued on their path. Now they really are to big to fail. Everyone, for the first time since the WW II years, is waiting for another shoe to drop. I don't think any rationale individual thinks we are going back to the standard of living of 3-4 years ago in our lifetime.taggard wrote: as for your kids--the hard part is to teach them to benefit from these sorts of changes--AT THE SAME TIME not lose their sanity soul whatever to it.
they need to look where others don't--the good news is that most people are looking in the same place. best of luck to you and your kids
As to your points, all valid. If a Black Swan hits the derivative mkt could close banks down overnight.
Thanks
Rhight do you have any of your KILLER volume charts to post today?rhight wrote:Greetings all,I just thought I'd log in to present the following factoid, in the case that it has not been discussed. On SPX, we are now at the 78.6% retrace (1307.23) of the decline from the April 2011 high (1370.58) to the October 2011 low (1074.77)
For some, this may have some significance. For others, yadda, yadda, yadda.
Would you consider that it is no longer a market at all, but rather a collective of computers that are now gamed to remove money that is put into it?Cobra wrote:wedge. this market is unbelievably strong, guessing top is really tough.