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tsptalk's Market Talk
- Thread starter tsptalk
- Start date
Remember this chart that I posted in one of last week's commentaries? Relentless. If we're in a similar situation, the dips will be short and shallow and can hardly be called pullbacks.
Intel reports tonight so we'll have to see if the market can stop the strong trend of losses for 2 weeks to 2 months after they report.
So far Sentiment looks less bullish than we might expect considering the action. The bullish percentage was higher last week.
Intel reports tonight so we'll have to see if the market can stop the strong trend of losses for 2 weeks to 2 months after they report.
So far Sentiment looks less bullish than we might expect considering the action. The bullish percentage was higher last week.
MrJohnRoss
Well-known member
Remember this chart that I posted in one of last week's commentaries? Relentless. If we're in a similar situation, the dips will be short and shallow and can hardly be called pullbacks.
Intel reports tonight so we'll have to see if the market can stop the strong trend of losses for 2 weeks to 2 months after they report.
So far Sentiment looks less bullish than we might expect considering the action. The bullish percentage was higher last week.
Yes, the Trend is your Friend.
Your table showing market results after INTC reports is a bit disturbing tho. Watching the markets closely for any indication of weakness....
hessian
Member
Hello old friends - still kicking around (in a manner of speaking). Anyway, a new chart of the USD today may suggest a start to strengthening. MACD and SlowSTO reinforce possibility, IMO.
But I really wanted to mention a quote at "the bell" today - by Maria Bartaromo:
...wondering why Volatility continues to go down in a Market with NO Volume?"
Birchtree
Well-known member
If this is a real bull market, and I believe it is, the opportunity to get in at cheaper pricing may not present itself for many months. We are in for some surprising action going forward that will push the market higher. We could be at the early stages of the 2009 market type bull move and I'm too afraid to get out and save myself - truth be told I'm just greedy. I'm deep in the bull manure, toasty warm and staying right where I'm comfortable - long and strong.
Sensei
Well-known member
I love it when you talk dirty to us.
:nuts:
James48843
Well-known member
I'm looking at all the various signs that tell me we are ready for a short pause. I'm thinking we may get "down another 2-2.5%" before we settle and then start climbing again. I may be wrong, but I really think we are at a point in the relentless market climb since December that we'll take a breath or two here for a while and just drift down a smidgen, and then sidewise for a week or two. We'll see what tomorrow brings.
clester
Well-known member
Hope you're right. I've been looking' for a chance to get back in. The question is: how many folks are looking to lock in profits. Could be a bigger drop.
Today's high so far is 1355.
Previous 7 days' highs... 1356, 1351, 1352, 1353, 1351, 1354, 1354.
The key is to close above the 1356 high, but that still maintains the flat top scenerio. If we can close around 1360 or better it breaks that flat top and draws a new line of support. If that happens then tomorrow may play out differently and if good news about Greece opens next week Birch may just have that rocket ride he has been talking about.
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