One thing that troubles me today is
that out of all the sectors I watch, none of them were up! Normally
you see at least some sectors up, but today none of the sectors
were up. This could be a sign of money leaving the market instead
of rotating.
Out of 91 sectors, zero were up!
Again, it's low volume and 1260
pivot support continues to hold for the SPX, if that support is
lost, then Ravun's chart won't play out and we could start
accelerating to the downside
Posted by junkmaylbox on 25th of Aug 2008 at 05:56 pm
Does it mean that mining stocks are following the market towards
a quick drop? Smart money is leaving the market, there is no doubt
about that. What concerns me is that the gold sector is going in
the same way.
Posted by treid4dou on 25th of Aug 2008 at 04:53 pm
Liquidity contraction......will affect all mkts. No
more credit.....no more carry trades..... de leverage
...everywhere....US, Europe, Canada, Brazil......waiting for Chinas
decisive move down..... It should be ugly if wave 3 unfolds as
anticipated..
It will take just one ugly event ..to trigger the
dive......imho.
a lot of people seem to think there's a big drop coming.
Not everybody -- there are still plenty of guys on TV saying
finaicials are a buy. Someone today was saying the bottom is
starting to form on housing. So there's not extreme sentiment
which you might bet against -- but a lot of people, from RBS on,
seem to think a big drop is coming soon.
Posted by treid4dou on 25th of Aug 2008 at 04:57 pm
those on TV..calling the bottom months ago.....dont even know
where are they sitting on......ask them if they acknowledge any
background info. on CDSs asset portfolios......
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One thing that troubles me
Posted by matt on 25th of Aug 2008 at 04:38 pm
One thing that troubles me today is that out of all the sectors I watch, none of them were up! Normally you see at least some sectors up, but today none of the sectors were up. This could be a sign of money leaving the market instead of rotating. Out of 91 sectors, zero were up!
Again, it's low volume and 1260 pivot support continues to hold for the SPX, if that support is lost, then Ravun's chart won't play out and we could start accelerating to the downside
No sectors were up today
Posted by junkmaylbox on 25th of Aug 2008 at 05:56 pm
Does it mean that mining stocks are following the market towards a quick drop? Smart money is leaving the market, there is no doubt about that. What concerns me is that the gold sector is going in the same way.
Roy
yes, it really feels like
Posted by dallahoo on 25th of Aug 2008 at 05:15 pm
yes, it really feels like a 1-2-i-ii on SPX and the DOW, however, lack of volume is makes all moves look suspect
Liquidity contraction......will affect all mkts.
Posted by treid4dou on 25th of Aug 2008 at 04:53 pm
Liquidity contraction......will affect all mkts. No more credit.....no more carry trades..... de leverage ...everywhere....US, Europe, Canada, Brazil......waiting for Chinas decisive move down..... It should be ugly if wave 3 unfolds as anticipated..
It will take just one ugly event ..to trigger the dive......imho.
a lot of people seem
Posted by Michael on 25th of Aug 2008 at 04:50 pm
a lot of people seem to think there's a big drop coming. Not everybody -- there are still plenty of guys on TV saying finaicials are a buy. Someone today was saying the bottom is starting to form on housing. So there's not extreme sentiment which you might bet against -- but a lot of people, from RBS on, seem to think a big drop is coming soon.
those on TV..calling the bottom
Posted by treid4dou on 25th of Aug 2008 at 04:57 pm
those on TV..calling the bottom months ago.....dont even know where are they sitting on......ask them if they acknowledge any background info. on CDSs asset portfolios......