Carnac's Corner

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mlk_man said:
Almost 2 o'clock is early? LMAO Tell you what, you're picking flat or down, he picks 2 of 3 go figure, I'll say up. How's that? THe loser has to disappear?
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WOuld you look at that. Soon after I pick up, the market rallies. It's as if I had a crystal ball or something.....................:blink:
 
Techie, what about that major event you called last week? You couldn't have been referring to the 1% pull back?

Go Market......
 
"Years to nurture his crystal balls from tiny crystals discovered in the bottom of a seamonkey package." Ahh yes, this could develop into a good bedtime story for the children.
 
ATCJeff said:
Techie, what about that major event you called last week? You couldn't have been referring to the 1% pull back?

Go Market......
Click to expand...

The 1% pullback was just a confirmation the event is recognized and it did occurred...its whats going to happen afterwards that counts...lets talk about it in six months and see how significant it becomes......u can wait right....???

U might say it hasn't really got going yet....just an initial vibration.....
 
The_Technician said:
Actually the NYSE market.....advancers/decliners were in favor of adv but showing weakness, and the dec vol has been higher all day with the separation growing at the time of the post....
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It was strange yesterday that the market held this trend (above) all day up until the afternoon....then it switched gears like someone just woke up....the up vol quickly outpaced the down vol but later they accelerated together and the advancers outpaced the decliners....a very strange move late in the day....

we had alot of late buyers which would mean a sucker rally started.....
 
Nothing but time.

Show-me said:
I also agree, nothing to confirm it at this point. Only speculation.
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The_Technician said:
No speculation here....it started its capitulation...she's going down....how far, not too sure but odds are better than 30% its severe without any changes..... just guessimating..... of course how far also will depend on the actions of the economic factors for the next year.....

Add one thing, I see 15% clear sailing long term to the downside.....
Click to expand...

Show-me said:
Give me a time frame on long term. I'm slow. Are we talking about some good volatility, cuz I would like to see some deep peaks and valleys to play in. Certain Tech. Indicators are turning down but again not confirmed yet. Real close but not yet.

Regardless it is conjecture until confirmed. If your right, your right. Only time will tell and I ain't got no problem with that.
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The_Technician said:
Some would say "that confirmation is when it finally happens....and then its too late for you to do anything about it".....what kind of indicators do you use????.....my confirmation has already happened.
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The_Technician said:
The 1% pullback was just a confirmation the event is recognized and it did occurred...its whats going to happen afterwards that counts...lets talk about it in six months and see how significant it becomes......u can wait right....???

U might say it hasn't really got going yet....just an initial vibration.....
Click to expand...



I want to be clear.........this 1% is the sever correction? Or just conformation of a coming sever correction? The one that will happen before Christmas? So it is to late to do anything about it "because that confirmation is when it finally happens....and then its too late for you to do anything about it"......:rolleyes:

I'm on leave so I got time to waste, but you are the most excellent "double speaker" I have ever heard.:cheesy: :nuts: :blink:

By the way not that the "event" is over. Care to share it with us? Or will you continue to shroud yourself in a cloud of "doublespeak" with no fact to back up you argument.
 
Re: Nothing but time.

Show-me said:
I want to be clear.........this 1% is the sever correction? Or just conformation of a coming sever correction? The one that will happen before Christmas? So it is to late to do anything about it "because that confirmation is when it finally happens....and then its too late for you to do anything about it"......:rolleyes:

I'm on leave so I got time to waste, but you are the most excellent "double speaker" I have ever heard.:cheesy: :nuts: :blink:

By the way not that the "event" is over. Care to share it with us? Or will you continue to shroud yourself in a cloud of "doublespeak" with no fact to back up you argument.
Click to expand...

No, its coming, some wait until it happens to confirm, I'm already confirming before that ....you say doublespeak, I say that the market has evolving attributes and things will change with time....which in this case these are good changes in the next year...I leave the door open for these changes because they do happen and affect the markets at later dates............but until then I expect a 15% downturn at minimum....
 
Re: Nothing but time.

The_Technician said:
No, its coming, some wait until it happens to confirm, I'm already confirming before that ....you say doublespeak, I say that the market has evolving attributes and things will change with time....which in this case these are good changes in the next year...I leave the door open for these changes because they do happen and affect the markets at later dates............but until then I expect a 15% downturn at minimum....
Click to expand...

And just to be clear again. By Christmas, correct?
 
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