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I feel a little left out sitting on the sidelines (or in F fund) while the market rockets higher. (But then I remind myself, that I beat all the premium services last year).
After studying all kinds of TA stuff, I conclude that the bond markets are the smartest markets in the world, and give clues about tomorrow,today.
Intrepid_Timer:344596 said:You're right, some things don't change and I will continue to call a spade a spade.
If you are going to compare yourself to someone else, then you should be able to accept the facts. Uptrend and I have know each other a long time and it's nothing personal. I don't remember anyone asking your opinion either.
You're right, some things don't change and I will continue to call a spade a spade. Uptrend provides some useful information, as do you, but it's obvious he doesn't always follow it. Unlike the other premium services, I'll defend my service when it is challenged. You would sit idly by?
Oh come on...really? You're getting all butt hurt because someone pointed out that they beat the premium services...
Once again we are fortunate to have people like Uptrend contribute to this forum in a way that he does and better yet he doesn't charge for his input.
I've gotten zero input from you because everything is locked away behind a door you have to pay to get through. Seems like you are just trolling the threads to make sure no one out there is hurting your reputation so people keep paying you.
Maybe I'll get banned for being blunt, but I just thought this was a bit out of line. It's the stock market...most is luck and some is technical analysis right? No one knows for sure what is going to happen tomorrow. I'll keep my money, use the free tools out there to make my own decision, and hope I am lucky.
I wish you both luck in your endeavors, and returns. It's pretty hard to get lucky every year.
I charge to be able to provide a good service. Otherwise, the hassle of having such a service wouldn't be worth it to me. Last year was the first year for doing this but I've the had the pleasure of helping others improve their returns for free in the past. Most of them have signed up for my service so it must be worth the money?
My service goes beyond just my IFTs and "trolling" is all part of providing a good daily commentary. If for nothing else but to provide technical analysis that no one else has provide here on any given day. If I had to continue to work, we be having this great converastion right now because I'D BE WORKING.....................
This is uptrends account talk. Kind of like his house. He has not attacked anybody, just pointed out a little factoid. No biggy. If he was doing this on another persons account talk I might be persuaded to think people would have the right to come out with fistacuffs. As it is, IT came into uptrends house and IMHO attacked him. In my house, that doesn't fly.
All I am saying here.
I still like ya IT. Just think you went overboard.
Now that the smoke has cleared, I guess it's ok to say something. Just tyrying to present my day to day TA and a few views, and don't mean to ruffle any feathers. I find the markets very fascinating and very hard to figure out. Heck, if we could figure them out all the time, we would be geniuses, and have gains in excess of 50% each year.:nuts::nuts: Markets are funny, appear simple, but upon closer examination are complex, have wild streaks, lack manners, are at times unruly and have a mind of their own. They can be rational and irrational at the same time and are no doubt manipulated. What a beast to tame.
Call me crazy to sit this one out in January, but it stinks of a blow-off top. A never ending low volume rally, fueled by hope and fear, and when these ingredients are mixed together the sentiment keeps a little bearish, which is bullish for stocks.
I see a high probability of a turning point on or before January 26. Some say the institutional investors were buying, and I guess they like Tuesday, because the last three Tuesdays were upward accelerations of price. A squeeze and then sideways and a little upward drifting for the rest of each week. Ascending triangles.
I have been reading that China and Russia are dumping US bonds, at an ever increasing rate; by selling into the rallies. They will probably sell into the next fear event when bonds shoot up as the safety play. If they won't buy our paper, who will and at what yield? Any way you look at it, it will be bad for price. That is why bonds, IMO, should only be held for short periods of time (days/weeks and not months/years).
Will the Fed launch QE3? One theroy is that the institutional investors were trying to front run it by driving up equities. I am thinking that the Fed will hold off for now, at their meeting next week. How do you spell disappoitment? I get that sinking feeling.
Now that the smoke has cleared, I guess it's ok to say something. Just tyrying to present my day to day TA and a few views, and don't mean to ruffle any feathers. I find the markets very fascinating and very hard to figure out. Heck, if we could figure them out all the time, we would be geniuses, and have gains in excess of 50% each year.:nuts::nuts: Markets are funny, appear simple, but upon closer examination are complex, have wild streaks, lack manners, are at times unruly and have a mind of their own. They can be rational and irrational at the same time and are no doubt manipulated. What a beast to tame.
Thanks for taking the time to input your views. I am a lot like you just trying to ride the mkt with some success. I do kind of lean towards the strong gut feelings, often wrong, of where this mkt may be headed. The mkt has been in a hole, basically, for awhile, so it is just gaining strength, slowly. January has usually been a good month.
I hope, It may start to work it's way out. In turbulent times, such as these, you need to try to stay close to mkt status, and always be ready to pull the trigger, when you think things are colapsing.
I see a high probability of a turning point on or before January 26. Some say the institutional investors were buying, and I guess they like Tuesday, because the last three Tuesdays were upward accelerations of price. A squeeze and then sideways and a little upward drifting for the rest of each week. Ascending triangles.
I've been noticing a pattern of positive Tuesdays for quite a while. Not a slam-dunk, but seems to be more than 50-50. I notice because I have an ING Sharebuilder account with automatic purchases every other Tuesday. I don't know how much volume ING's automatic purchases account for, but that's potentially a lot of dumb money pumping into the market every week at the same time. Especially if other brokerages operate the same way, on the same day. Just a thought.
So, is Tuesday the day you picked or does sharebuilder buy on Tuesday for everyone?