I just joined today and I like
the service and the information - last nights update did
indicate a pull back was in the offing but that the "breakpoint"
could resolve to the upside as well. Perhaps a more neutral call
would have been more clear...
I don't know about whining - it
would seem everyone here missed this move up because it was
(ostensibly) driven by fundamentals (if you ignore today's
Dept of Labor warning of expected unemployment INCREASES).
I don't know.
If you take a drug your doctor
prescribes and your hair falls out it's probably not entirely
your fault...but you do have to take the medication AS
DIRECTED.
Problem is the info on the charts
said one thing and the economic releases, sans labor, pushed the
other way...
mac -- no, its the opposite. The move up was visible on
the charts as a trend --whether you believed it or not and went
with it, is another story. What are the great fundamentals
driving this market? None that I can see, just a flood of
liquidity. For example -- why is SRS going down? -- its not
positive press releases -- there is no good news anywhere about
commercial real estate.
Mike - I said that in the update last night, Matt indicated that
the charts were showing 80 slo sto for 8 days and negative
divergence.
HE said that a pull back was likely but that it would have to
start today or we might get a bounce.
We got more than a bounce.
As for the fundamentals, I was addressing the way investors
reacted to the economice releases, such as housing sales and
earnings. I said they ignored the real news out of the DOL
concerning their opinion that unemployment will increase back to
above 600,000 per week.
Anyway, as I said, if you take the pill as directed and your
hair falls out their may be a problem with the pill OR the
DIRECTIONS OR the way the patient followed the directions...
Thats all I'm saying. An explicit neutral call off the
charts may have been a better call. PEACE!
mac -- just ignore me today. I definitely didn't mean to
be argumentative or disagreeable --though I see that I
was..........I bought a workout bench and brought it in to my
office, where I'll use it, to assemble it, and it was
off-gassing horribly and made me feel like
crap...............welcome to the blog -- peace.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I just joined today and
QUOTE OF THE DAY: FOR MATT AND STEVE
Posted by macnsc on 23rd of Jul 2009 at 03:38 pm
I just joined today and I like the service and the information - last nights update did indicate a pull back was in the offing but that the "breakpoint" could resolve to the upside as well. Perhaps a more neutral call would have been more clear...
I don't know about whining - it would seem everyone here missed this move up because it was (ostensibly) driven by fundamentals (if you ignore today's Dept of Labor warning of expected unemployment INCREASES).
I don't know.
If you take a drug your doctor prescribes and your hair falls out it's probably not entirely your fault...but you do have to take the medication AS DIRECTED.
Problem is the info on the charts said one thing and the economic releases, sans labor, pushed the other way...
Welcome to Breakpoint. And thanks
Posted by Peridot on 23rd of Jul 2009 at 04:01 pm
Welcome to Breakpoint. And thanks for your post. p.
mac -- no, its the
Posted by Michael on 23rd of Jul 2009 at 03:43 pm
mac -- no, its the opposite. The move up was visible on the charts as a trend --whether you believed it or not and went with it, is another story. What are the great fundamentals driving this market? None that I can see, just a flood of liquidity. For example -- why is SRS going down? -- its not positive press releases -- there is no good news anywhere about commercial real estate.
Mike - I said that
Posted by macnsc on 23rd of Jul 2009 at 03:54 pm
Mike - I said that in the update last night, Matt indicated that the charts were showing 80 slo sto for 8 days and negative divergence.
HE said that a pull back was likely but that it would have to start today or we might get a bounce.
We got more than a bounce.
As for the fundamentals, I was addressing the way investors reacted to the economice releases, such as housing sales and earnings. I said they ignored the real news out of the DOL concerning their opinion that unemployment will increase back to above 600,000 per week.
Anyway, as I said, if you take the pill as directed and your hair falls out their may be a problem with the pill OR the DIRECTIONS OR the way the patient followed the directions...
Thats all I'm saying. An explicit neutral call off the charts may have been a better call. PEACE!
mac -- just ignore me
Posted by Michael on 23rd of Jul 2009 at 04:27 pm
mac -- just ignore me today. I definitely didn't mean to be argumentative or disagreeable --though I see that I was..........I bought a workout bench and brought it in to my office, where I'll use it, to assemble it, and it was off-gassing horribly and made me feel like crap...............welcome to the blog -- peace.