coolhand
Well-known member
When you read that board, you have to remember those guys are measuring the market in minutes and hours. Not days, weeks, and months like us. Sentiment changes like the wind over there.
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coolhand's Account Talk
- Thread starter coolhand
- Start date
When you read that board, you have to remember those guys are measuring the market in minutes and hours. Not days, weeks, and months like us. Sentiment changes like the wind over there.
coolhand
Well-known member
Sentiment is neutral over on Trader's Talk this morning, but futures are decidedly down.
Sentiment on this board seems fairly bulled up to me. If this is representative of how other traders are feeling, I'd not be convinced a SC is coming. Complacency seems to have crept in too. I'm just sayin'.
Sentiment on this board seems fairly bulled up to me. If this is representative of how other traders are feeling, I'd not be convinced a SC is coming. Complacency seems to have crept in too. I'm just sayin'.
XL-entLady
Well-known member
Hi, Allie, merry Christmas! I think he is referring to a Santa Claus rally. Hope you don't mind me jumping in there, CH. :worried:SC? I'm not getting the acronym, CH.
Lady
Guess I haven't had enough coffee yet this morning. 
felixthecat
Member
Guess we can all relax now about that Christmas rally since Birchtree has given us the dates. Birchtree, any clues how much one can lose between now and then? What does your crystal ball say?
Apprentice
Apprentice
coolhand
Well-known member
I'm going to walk the fence here. It's OPEX, so market action can be misleading. The market may be generating enough weakness to shake some of that bullishness loose before turning things up again. That's a possibility.
If weakness remains significant by the close, the SS could possibly flash a sell signal, but I can't be sure about that.
So trading for the next few trading days may be tricky due to volatility. I don't think we'll know how this market may trade over the holidays until early next week.
If weakness remains significant by the close, the SS could possibly flash a sell signal, but I can't be sure about that.
So trading for the next few trading days may be tricky due to volatility. I don't think we'll know how this market may trade over the holidays until early next week.
***
G-50,F-35,(C,S,I)-5? Any chance of any gain (Losses will be minmal?)is better than to toss oneself into the Dungeon?
I got 1 IFT left and now I got to say to myself,
"You got 8 trading days left this year?
Last month it was close to this same thing,
Do you feel lucky?
I'm not bearish just yet. Good luck everyone.
DB[/QUOTE]
Birchtree
Well-known member
Taking into account that the market is a discounting mechanism toward the future; the U.S. economy is looking at decent GDP growth with low inflation in the year ahead. The critical manufacturing sector - the biggest slice of industrial output reversed a one-month decline and rose 1.1%. The capex cycle is already starting to kick in. We are going to have a business lead recovery. The short the dollar trade is unwinding today and that's a positive development.
XMAS-rally 12/28 and ends 1/04/2010BAH, HUMBUG
Good Luck everyone,
The Grinch is very active in turbulent times. :nuts:
coolhand
Well-known member
BAH, HUMBUG
Good Luck everyone,
The Grinch is very active in turbulent times. :nuts:
The big money feeds not only on fear, but euphoria as well. That's why sentiment is a good tool to keep an eye on. Still, all is not lost as far as the SC rally goes. But it does require some measure of grounded expectations (Technical Analysis) and patience; not to mention some risk tolerance.
Surprisingly, our survey is really getting even more bullish today, than last week. As I write, 66% bulls, 24% bears.Sentiment is neutral over on Trader's Talk this morning, but futures are decidedly down.
Sentiment on this board seems fairly bulled up to me. If this is representative of how other traders are feeling, I'd not be convinced a SC is coming. Complacency seems to have crept in too. I'm just sayin'.
2.75 to 1 ratio.
coolhand
Well-known member
Surprisingly, our survey is really getting even more bullish today, than last week. As I write, 66% bulls, 24% bears.
Rising bullishness in the face of declining prices can be a prescription for disaster. But the holiday period makes it a tough read. Of course I've already voted with my last IFT.
