Well I'm far from being an expert, but from a seasonality point of view, it looks like a contrarian market to me.
I think it was the last week of last September that was supposed to be historically the worst week of the year for the DOW, and of-course it did the opposite and rose very day.
Then this week - everyone expected it to be bad - the opposite has happened again.
Next week is supposed to be bullish - everyone is expecting the markets to rise.
alvian33 wrote:Cobra what do you tink of dollar especially about today action is it bearish in your view?
I think EURO is bullish. Who the hell knows how US could solve its debt problem except to print more paper?
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MIB and DowTrader, you are very welcome! Again the pennant, Who knows, but I don't think it will turn into a small H&S formation, I guess the market will close at 1335. I'm off for the weekend. Good bye guys.
Cobra wrote:little neckline resistance. The market nowadays is strange, seldom a trend day. Most progress was made on gap.
i am looking forward to seeing what the real market is like once QE2 ends... cobra why not switch to futures to catch all the pre-market moves? cheaper transactions and less taxes at the end of the year ... i made the switch last month and am very happy so far
Last edited by agnosia on Fri Apr 01, 2011 2:18 pm, edited 1 time in total.
hdenandy wrote:Well I'm far from being an expert, but from a seasonality point of view, it looks like a contrarian market to me.
I think it was the last week of last September that was supposed to be historically the worst week of the year for the DOW, and of-course it did the opposite and rose very day.
Then this week - everyone expected it to be bad - the opposite has happened again.
Next week is supposed to be bullish - everyone is expecting the markets to rise.
mmmmmm......
Hmmm thats funny, I think we have a short term pullback next week also. But I was bullish this week.
hdenandy wrote:Well I'm far from being an expert, but from a seasonality point of view, it looks like a contrarian market to me.
I think it was the last week of last September that was supposed to be historically the worst week of the year for the DOW, and of-course it did the opposite and rose very day.
Then this week - everyone expected it to be bad - the opposite has happened again.
Next week is supposed to be bullish - everyone is expecting the markets to rise.
mmmmmm......
It's not like that. Nowadays, bearish means bullish, bullish is still bullish, otherwise how you explain that seasonality says a bullish today and indeed?
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Uempel writes: Growth cycles point to Emerging Markets...
FXI INP and EWZ all look to be gaining in strength to me. No?
yes, emerging markets are strong those days which is a good sign.
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hdenandy wrote:Well I'm far from being an expert, but from a seasonality point of view, it looks like a contrarian market to me.
I think it was the last week of last September that was supposed to be historically the worst week of the year for the DOW, and of-course it did the opposite and rose very day.
Then this week - everyone expected it to be bad - the opposite has happened again.
Next week is supposed to be bullish - everyone is expecting the markets to rise.
mmmmmm......
It's not like that. Nowadays, bearish means bullish, bullish is still bullish, otherwise how you explain that seasonality says a bullish today and indeed?
That's true. Any bearish indicator means higher prices. Any bullish indicator means higher prices. If the dollar is up, stocks are up. Dollar down, stocks up. If Bernanke clipped his beard, stocks up.
hdenandy wrote:Well I'm far from being an expert, but from a seasonality point of view, it looks like a contrarian market to me.
I think it was the last week of last September that was supposed to be historically the worst week of the year for the DOW, and of-course it did the opposite and rose very day.
Then this week - everyone expected it to be bad - the opposite has happened again.
Next week is supposed to be bullish - everyone is expecting the markets to rise.
mmmmmm......
It's not like that. Nowadays, bearish means bullish, bullish is still bullish, otherwise how you explain that seasonality says a bullish today and indeed?
That's true. Any bearish indicator means higher prices. Any bullish indicator means higher prices. If the dollar is up, stocks are up. Dollar down, stocks up. If Bernanke clipped his beard, stocks up.
DRV moved into positive territory, but overbought so could IYR could bounce. I like to trade financials and REITs along with the S&P because financials and REITs always seem to be key in determining how healthy the market is at any point.
Since you guys still have money to trade stocks, so crude 110 is nothing. Let's wait for $220.
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