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.
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mac -- no, its the
QUOTE OF THE DAY: FOR MATT AND STEVE
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.