coolhand's Account Talk

[turbo23dog]

CH,

If i read between your lines, has your opinion has gone from guardedly bearish to now - nosedive off a cliff? Please clarify...

 

[Uptrend]

I agree with you coolhand. Although I would like to be a bull, the bond yields that keep climbing have me concerned. The dollar has mostly stopped it's slide this AM, but is not showing a new direction. Don't know if the stop is temporary or a reversal. Market appears to be at a crossroad. Would not be surprized to see a true doji star form today. You can't trade indecision.

 

[coolhand]

CH,

If i read between your lines, has your opinion has gone from guardedly bearish to now - nosedive off a cliff? Please clarify...

Reread the second paragraph. I'm just saying I'm looking for a change of trend. No nose-dive. IMO risk is increasing, but market manipulation will continue to recalibrate risk moving forward. If the dollar/bond trend changes, risk will continue to escalate.

 

[Birchtree]

Now is the time to make preparations for the summer surge. Any corrections will remain on the parsimonious side forcing 10,000 hedge funds to buy in at higher prices. They are now circulating in the pens creating a large dust cloud - soon they will be forced to buy or be left behind. The correction of magnitude will arrive at a much higher level after we close a few gaps on the upside. When your sisters new boyfriend wants a stock suggestion that's the time to step aside for awhile. Until then enjoy the capital appreciation.

 

[coolhand]

Now is the time to make preparations for the summer surge. Any corrections will remain on the parsimonious side forcing 10,000 hedge funds to buy in at higher prices. They are now circulating in the pens creating a large dust cloud - soon they will be forced to buy or be left behind. The correction of magnitude will arrive at a much higher level after we close a few gaps on the upside. When your sisters new boyfriend wants a stock suggestion that's the time to step aside for awhile. Until then enjoy the capital appreciation.

While you do offer some good stuff on occasion, this kind of rah-rah post is counter-productive, because if you are wrong, you'll screw a lof of folks.

 

[turbo23dog]

Reread the second paragraph. I'm just saying I'm looking for a change of trend. No nose-dive.

Got it. Reading too hard for a bottom line and not hard enough at same time.

 

[Birchtree]

Sorry, it's just my simple opinion - no one follows me. Therefore no harm is done. Can I use you as my contrary indicator - please.

 

[coolhand]

Sorry, it's just my simple opinion - no one follows me. Therefore no harm is done. Can I use you as my contrary indicator - please.

Birch, please understand, I respect your opinion. But there are folks following you. Some of them are close to retirement. If you are wrong, they live with the consequences. Not every one has your appetite for risk. Bear that in mind when posting. (no pun intended )

Peace brother.

 

[coolhand]

Market appears to be at a crossroad. Would not be surprized to see a true doji star form today. You can't trade indecision.

Definitely at a crossroad. Volume and breadth need to be watched carefully.

 

[coolhand]

I've noticed it gets relatively quiet on this board when everyone starts holding their breath watching the tape.

Which way is it going to go???

 

[turbo23dog]

You just caught me looking up Doji Star:

from http://www.fxwords.com/b/bullish-doji-star-candlestick.html


Doji Star formations can be bullish or bearish indicators.

 

[turbo23dog]

BTW, my gut sentiment is leaning toward continued upward movement.

 

[WorkFE]

Agreed. Possibly a flat to slightly up day today and then back up tomorrow to end the week positive.

 

[JTH]

I've noticed it gets relatively quiet on this board when everyone starts holding their breath watching the tape.

Which way is it going to go???

Sometimes it wears me out to watch the daily action. I happen to think we went too far too fast, and now (if we are lucky) we need to pull back a bit and create some support by putting in a few flat days.

Or we can crash...

 

[Birchtree]

Relax everyone - we are on a green train being powered by wood and the steam is building for a SPX push much higher. We got a wall of worry and here we go - looking for a nice move after 1400 hours to squeeze the bears again and force fresh money into the market.

 

[kar_crazy]

please squeeze away we need it

 

[KevinD]

I've noticed it gets relatively quiet on this board when everyone starts holding their breath watching the tape.

Which way is it going to go???

I was thinking it was because they had to actually do a little work every now and then... :laugh:

 

[Viva_La_Migra]

Relax everyone - we are on a green train being powered by wood and the steam is building for a SPX push much higher. We got a wall of worry and here we go - looking for a nice move after 1400 hours to squeeze the bears again and force fresh money into the market.

Huhhuh huhuh! He said wood!

 

[Pschiffdicpal]

Relax everyone - we are on a green train being powered by wood and the steam is building for a SPX push much higher. We got a wall of worry and here we go - looking for a nice move after 1400 hours to squeeze the bears again and force fresh money into the market.

YES PPT to the rescue, Friday will be a up day if the working group on Markets does'nt the like/or can't put a spin on unemployment #.

Nice push at the end of yesterday spx,3 up one down trend? no money for forainers (efa), (suckers) the big hand at work again????

 

[Warrenlm]

coolhand, any thoughts on the implications of the jobs number this morning, including the revision of last month, on the near term direction of the market?