tsptalk's Market Talk

[Bquat]

Good that you posted this but now it throws a monkey wrench into my plans?

Me myself would like green to be the new red and red to be the new green. So do me a favor and turn that chart 180 degrees since today is the thirteenth. Pretty please

 

[tsptalk]

Me myself would like green to be the new red and red to be the new green. So do me a favor and turn that chart 180 degrees since today is the thirteenth. Pretty please

Here you go...

 

[Bquat]

Here you go...

You are the man!

 

[tsptalk]

The market leader is taking a 2% plunge this morning and is now trading below the 200-day EMA. It is danderously close to a breakdown. Something to watch...

 

[nnuut]

THAT'S SCARY, IS GAS THAT HIGH?

 

[tsptalk]

The market leader is taking a 2% plunge this morning and is now trading below the 200-day EMA. It is danderously close to a breakdown. Something to watch...

Nice little recovery - although the leader lagged the S&P badly.

 

[nnuut]

Nice tail on that hammer.

 

[tsptalk]

I nibbled on some TNA this morning hoping support holds and we see some kind of attempt to fill the open gap. It's a small position with a stop a little below support...

 

[MrJohnRoss]

I nibbled on some TNA this morning hoping support holds and we see some kind of attempt to fill the open gap. It's a small position with a stop a little below support...

I think you'll do just fine. High probability of the market continuing down for another day or two, so we both may be early on our purchase, but I think we'll be making a profit in the next week.

Unless, of course, this down market turns into something more serious. Then all bets are off. :blink:

 

[alevin]

Birchie is likely to get a chance to buy a lot more wallflowers in the not too distant future (1-4 months). Hindenburg Omen was called yesterday and confirmed; McClellan indicator is supporting the call, per Karl Denninger today. If I play my cards better than I have been so far this year, I may actually do better than I have so far, by years end. Hindy is a crash signal 1-4 months ahead of time, for those who weren't around for the last Hindy's.

 

[ILoveTDs]

You predicting an October crash alevin?

 

[alevin]

Not me! The Hindenburg Omen has been confirmed, that's the predictor. Crash could come anytime within next 1-4 months. Hindy's are pretty famous high-probability crash predictors-doesn't guarantee one will happen. Here's the link. I heard about the Hindy yesterday elsewhere, read the confirmation tonight at this link. http://market-ticker.org/akcs-www?post=209119

 

[bmneveu]

Birchie is likely to get a chance to buy a lot more wallflowers in the not too distant future (1-4 months). Hindenburg Omen was called yesterday and confirmed; McClellan indicator is supporting the call, per Karl Denninger today. If I play my cards better than I have been so far this year, I may actually do better than I have so far, by years end. Hindy is a crash signal 1-4 months ahead of time, for those who weren't around for the last Hindy's.

BT buys on up days and sells on down days. He likely won't be buying squat if we crash.

 

[alevin]

true true-he'll have to sacrifice his sacrificial lamb account first, THEN he'll buy.

 

[tsptalk]

sentimentrader.com says that it's close enough, but for the Hindenburg Omen to be official, the 50-day moving average should be moving up, but it ticked down slightly on Monday. Picky, picky.

 

[Warrenlm]

Not me! The Hindenburg Omen has been confirmed, that's the predictor. Crash could come anytime within next 1-4 months. Hindy's are pretty famous high-probability crash predictors-doesn't guarantee one will happen. Here's the link. I heard about the Hindy yesterday elsewhere, read the confirmation tonight at this link. Just A Random Musing On China -- And A Hindenburg in [Market-Ticker]

It would be nice to hear our permabull Birchtree speak to this kind of information, but he's previously declined to read that blog for fear of fleas. Maybe he will go to sentimenttrader?

 

[wavecoder]

Nice bounce today off the 50day SMA, but on low volume. Sellers are taking a break, it'll be a short relief rally imo.

 

[alevin]

sentimentrader.com says that it's close enough, but for the Hindenburg Omen to be official, the 50-day moving average should be moving up, but it ticked down slightly on Monday. Picky, picky.

Okay, okay. Whatever Tom wants, Tom gets. :blink: The 50-day MA ticked UP today, and created confirmed Hindy today per rules Tom goes by. We're theeerrre. everybody outa the pool-or at least be on the watch-the shark flags are out. next 40 days are major caution zone as of today.

 

[crommie]

ECB's Draghi pledges to preserve the euro: reports - MarketWatch

SNORT!

 

[nnuut]

ECB's Draghi pledges to preserve the euro: reports - MarketWatch

SNORT!

Just how many times are they going to save the EURO? I don't know about the rest of the world but it's becoming unbelievable to me. WOLFE!