newbie_77 wrote:hi bullbear,
how does this impact the equity market?
apologize if this is too obvious question .. but i am new to all this... as you may have noticed
BullBear52x wrote:another break out on EurUsd
something to do with carry trade, Euro up Dollar down, Dollar down Equity up. another one I am looking at is DBV. during a bear market or uncertainty big guy will focus more on carry trade then buying fundamental stock.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Anyone else notice that the Nasdaq is 3.3% away from it's recent cycle high? Is this a bear market?
That being said, I like cobra's plan from last night. marginal new high before a trade down. Cobra, I'd bet you think the trade back down lasts to 1175 in SPX, no?
pablorynx wrote:Anyone else notice that the Nasdaq is 3.3% away from it's recent cycle high? Is this a bear market?
That being said, I like cobra's plan from last night. marginal new high before a trade down. Cobra, I'd bet you think the trade back down lasts to 1175 in SPX, no?
judging by the open so far, it doesn't look like we're heading down.
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we have the UofMich confidence survey in the next few minutes. it looks like it'll determine if we break out higher or get some retrace from this resistance.
Saw your 10/12 portfolio update -- very interesting to see observe the interpretation of technicals -- short the dollar, short the 30 year, and short gold. I am going to be curious to see how those positions hold up over the next 3 to 4 months and what kind of economic environment we are to be in, if indeed, all three work out.
btw -- new website and twitter is very professional. very nice work.
FYI..The Dorsey Wright Point & Figure Charts are looking bullish again(All 15 of them)They got dn to about the 10% range and are bouncing back.When they get this low and have a good bounce usually the bottom is in and you can look to at least 2-3 mo.up mkt.We need a correction but after that this mkt could make some good gains.I'm getting ready to put my horns back on.Watch for correction then up.It is also the season.Lets see.
pablorynx wrote:Anyone else notice that the Nasdaq is 3.3% away from it's recent cycle high? Is this a bear market?
That being said, I like cobra's plan from last night. marginal new high before a trade down. Cobra, I'd bet you think the trade back down lasts to 1175 in SPX, no?
judging by the open so far, it doesn't look like we're heading down.
i see R2K losing steam vs SPX, advance-decline line going lower, GOOG is being sold down from it's 600 print. we're not hitting on all cylindars today.