by your title, I'm assuming you mean that there are in fact,
many divergences in place that make this susceptible to a sell-off?
When I first read the title, I took it to mean "few, if any".
Between the VIX, TLT and sentiment, I have never seen
divergences this strong.
Did you trade the market in the late 90s? I did not and
don't remember what it was like. It is strange though that
now, there seems to be a decent consensus among people I read that
we are in a bubble. Could we have a 30+% up year? 40%?
Kind of uncharted waters with no resistance above.
I will say, the 2007 top (in my view at least), was similar to
this. Oct 2007 saw us clear the old highs by 23 points.
Today, at the highs, we were at 21 points. Is 1600 the
target? And Matt's monthly view was eye opening-- no monthly
divergences.... we could, after a pullback, rally for a long
time.
Posted by xxnileshxx on 12th of Apr 2013 at 08:29 am
I was pondering the same thing last night as I looked at some
charts can we get a Parabolic blow off from here as we have cleared
all previous resistance. And at the same time definitely
feels like 2007.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Few divergencies on daily
Posted by flmaia on 11th of Apr 2013 at 04:52 pm
by your title, I'm assuming
Posted by kalinm on 11th of Apr 2013 at 04:59 pm
by your title, I'm assuming you mean that there are in fact, many divergences in place that make this susceptible to a sell-off? When I first read the title, I took it to mean "few, if any". Between the VIX, TLT and sentiment, I have never seen divergences this strong.
Nasdaq was not very strong today and rut was lackluster.....BUT
Posted by zach06 on 11th of Apr 2013 at 07:03 pm
For some reason... I can still see.... for some reason... all the cheering going on
as the PON PON's go nuts for DOW 15,000 on CNBC.... TIck Tock
Just a Hunch... Thoughts?
Did you trade the market
Posted by kalinm on 11th of Apr 2013 at 09:53 pm
Did you trade the market in the late 90s? I did not and don't remember what it was like. It is strange though that now, there seems to be a decent consensus among people I read that we are in a bubble. Could we have a 30+% up year? 40%? Kind of uncharted waters with no resistance above.
I will say, the 2007 top (in my view at least), was similar to this. Oct 2007 saw us clear the old highs by 23 points. Today, at the highs, we were at 21 points. Is 1600 the target? And Matt's monthly view was eye opening-- no monthly divergences.... we could, after a pullback, rally for a long time.
I was pondering the same
Posted by xxnileshxx on 12th of Apr 2013 at 08:29 am
I was pondering the same thing last night as I looked at some charts can we get a Parabolic blow off from here as we have cleared all previous resistance. And at the same time definitely feels like 2007.