tag:blogger.com,1999:blog-6842036031859472688.post414047335528757656..comments2024-03-20T23:01:34.838-07:00Comments on Art Of Trading: Examples Of The Weak Reversals I AM SeeingUnknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6842036031859472688.post-70695195871716719932008-10-12T18:59:00.000-07:002008-10-12T18:59:00.000-07:00lol, blue. I feel like we are in the movie "Matri...lol, blue. I feel like we are in the movie "Matrix"<BR/><BR/>http://www.youtube.com/watch?v=te6qG4yn-Ps<BR/><BR/>We are all debt slaves to the elite.<BR/><BR/>That would make Stewie "The One" wouldn't it?<BR/><BR/>Red pill anyone?Market Monkhttps://www.blogger.com/profile/09227127173926743947noreply@blogger.comtag:blogger.com,1999:blog-6842036031859472688.post-77306962045520301922008-10-12T18:46:00.000-07:002008-10-12T18:46:00.000-07:00Let's all be nimble then. Let the market do what ...Let's all be nimble then. Let the market do what the market wants to do. (sounds the Oracle talking in the Matrix huh) Don't think long, don't think short, just react to what the market is giving us. Don't have your hopes tied into any one side. We're day traders. Should we really care if the market has bottomed yet? Shouldn't we always be on the right side of the trade?<BR/><BR/>Hi, my name is Blue. It's 2008 and I'm a day trader.Bluehttps://www.blogger.com/profile/07458014542795974566noreply@blogger.comtag:blogger.com,1999:blog-6842036031859472688.post-74449273640192244562008-10-12T10:55:00.000-07:002008-10-12T10:55:00.000-07:00thank you again for your help and info....: )thank you again for your help and info....<BR/>: )Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6842036031859472688.post-1898953711996045312008-10-12T09:40:00.000-07:002008-10-12T09:40:00.000-07:00Stewie, thanks for posting your thoughts and reaso...Stewie, thanks for posting your thoughts and reasons behind why you felt this was a phony rally. Once again your market insight is spot on. <BR/><BR/>Although I agree with you that Friday's rally was weak, I am reserving judgement for days to see what, if any, follow through action takes place.<BR/><BR/>My custom indicators did indeed improve but only moderately. I have a feeling it was because the rally started late in the day.<BR/><BR/>My overall market prediction which I have shared with you many times in the past is for the market to remain volital for quite some time. Nimble traders will be rewarded with all others having a hard time.<BR/><BR/>MMMarket Monkhttps://www.blogger.com/profile/09227127173926743947noreply@blogger.comtag:blogger.com,1999:blog-6842036031859472688.post-26023725986644682272008-10-12T08:44:00.000-07:002008-10-12T08:44:00.000-07:00Vol in UYG was unbelievable. Are some of these etf...Vol in UYG was unbelievable. Are some of these etf's starting to lead the common themselves? <BR/>I'm inclined to believe that was a low for the ETF.. at least for the next few weeks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6842036031859472688.post-88006070497123080962008-10-11T18:31:00.000-07:002008-10-11T18:31:00.000-07:00The only stock showing relative strength to me is ...The only stock showing relative strength to me is AAPL and it has to contend with the century mark.Rickhttps://www.blogger.com/profile/01185536059022375299noreply@blogger.comtag:blogger.com,1999:blog-6842036031859472688.post-28744656456992712272008-10-11T15:09:00.000-07:002008-10-11T15:09:00.000-07:00this bounce attempt happened on a Friday afternoon...this bounce attempt happened on a Friday afternoon, in markets shaking with fear-- I think most people (myself included) felt the power of the breakout but just couldn't get themselves to hold over the weekend. I wonder if it had been on a Monday or Tuesday what the close would have looked like. I'm definitely bearish long term, but it seems like there's a lot of $$$ on the side itching to catch a relief bounce before the impending crash. I wonder if any good news, maybe a reasonable earnings or # could spark something bigger next week. My guess is we rally hard but end the week around this level, setting up a test of 7,000 the week after.SkyTraderhttps://www.blogger.com/profile/04106750474814659336noreply@blogger.comtag:blogger.com,1999:blog-6842036031859472688.post-55243638102017775162008-10-11T13:44:00.000-07:002008-10-11T13:44:00.000-07:00I noticed the same thing. There were a few finianc...I noticed the same thing. There were a few finiancials that closed somwhat stong (e.g. C, UYG) but still not at their highs. And the major indicies really have not broken any interday downtrend lines...and with rumor's of major margin call selling coming Monday I'm more worried than ever...Markhttps://www.blogger.com/profile/09719202286050381552noreply@blogger.com