alf44 2,025 posts msg #64388 - Ignore alf44 modified |
6/26/2008 11:10:49 PM
...on June 17th I posted (in this thread) ... THIS... Longer Term "10 Year Monthly" chart...
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I added (along with that chart) these comments...
..."BEARISH ???
WHO ME ???
The Chart tells the story...but I'm ALL to happy to elaborate if need be !!!
Trade accordingly !!!"
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In a follow-up to niko ( a post or two later) ...I also said...
"This Market is literally on the "precipice" (ie. edge) !!! imo
"Care" is the operative word here !!!
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Obviously...since that post...that June 2008 Monthly Candle (circled) has only further proved my chart analysis ... as this Market has continued lower (much lower) !!!
I'm frankly baffled how anyone could dream up a "bullish bias" !!!
Regards,
alf44
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FuriousThug 256 posts msg #64389 - Ignore FuriousThug |
6/26/2008 11:28:45 PM
Frankly, I'm baffled too. I just didn't want to spam the forums with what I secretly fear will happen to the stock market, the economy, and generally the quality of life for years to come, if not permanently.
And yes, that's an impressive candle.
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alf44 2,025 posts msg #64390 - Ignore alf44 |
6/27/2008 12:03:59 AM
That same chart...as of TODAY (without the annotations)...
Fasten your seatbelts !!!
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TrendSurfer 109 posts msg #64391 - Ignore TrendSurfer modified |
6/27/2008 12:15:44 AM
Interesting chart!
Let's see, looks like it would have you short for the next 3 or 4 years ;)
Can't relate, I swing my bias in days, sometimes a week or two, not years...
Good trading guys and thanks...
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hairyhead 12 posts msg #64393 - Ignore hairyhead |
6/27/2008 8:24:45 AM
Trendsurfer, I appreciate you sharing having used relative strength as a tool many times. Your posts have given me some new ideas. I believe you have clearly stated your methods. Even in this bear market there will opportunities to make money on the long side. Thanks again for sharing.
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johnpaulca 12,036 posts msg #64398 - Ignore johnpaulca |
6/27/2008 10:25:52 AM
Trout; did you get CELG??? broke out this morning.
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johnpaulca 12,036 posts msg #64412 - Ignore johnpaulca modified |
6/27/2008 2:19:38 PM
BZH...Started to scale in@5.64...this is for my retirement account and I am light years away from that.
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WALLSTREETGENIUS 983 posts msg #64415 - Ignore WALLSTREETGENIUS |
6/27/2008 3:57:02 PM
FROM THE OFFICE OF RICHARD L. RIGGS: (WALLSTREETGENIUS)
(WNR)........1000 SHARES......@ $11.94
(UNFI)........1000 SHARES......@ $20.08
Rolando Arroyo (CSB-Trader)
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WALLSTREETGENIUS 983 posts msg #64416 - Ignore WALLSTREETGENIUS modified |
6/27/2008 4:06:28 PM
FROM THE OFFICE OF RICHARD L. RIGGS: (WALLSTREETGENIUS)
JUST FILLED BEFORE THE BELL:
(VIT)........11,150 SHARES......@ $08.97
(SQM).......2,115 SHARES......@ $47.25
Rolando Arroyo (CSB-Trader)
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WALLSTREETGENIUS 983 posts msg #64417 - Ignore WALLSTREETGENIUS |
6/27/2008 4:23:53 PM
FROM THE OFFICE OF RICHARD L. RIGGS: (WALLSTREETGENIUS)
JUST FILLED BEFORE THE BELL:
(JRCC)........1,825 SHARES......@ $54.83
Rolando Arroyo (CSB-Trader)
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