karennma
8,057 posts
msg #50669
- Ignore karennma |
3/25/2007 1:13:24 PM
What happened?
I thought we were "finished" for the year (per wallstreetgenius' post - "the market topped in January").
Was last week a dead cat bounce? Or is the DOW continuing up till June?
Opinions?
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maxreturn
745 posts
msg #50672
- Ignore maxreturn |
3/25/2007 6:13:17 PM
Where is Riggs when you need him?
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hairyhead
12 posts
msg #50676
- Ignore hairyhead |
3/25/2007 10:55:27 PM
On both the daily and weekly charts the markets look very overbought. I'm looking to add to my short positions tomorrow.
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Koronbock
201 posts
msg #50681
- Ignore Koronbock |
3/26/2007 9:05:42 AM
Don't try to predict the market. I don't think anybody has ever been able to predict the market on a consistent basis. Even the "mighty Riggs" has failed miserably. So why wast time and energy. The market is telling you every day what you should do. Just listen.
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maxreturn
745 posts
msg #50683
- Ignore maxreturn |
3/26/2007 10:15:02 AM
Of course Koronbock is right. Having said that, I agree with Hairyhead that the daily chart of the spx is OB and due for a pullback. In looking at the weekly I think the probabilities favor a retest of the february high.
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papawally
19 posts
msg #50684
- Ignore papawally |
3/26/2007 11:49:39 AM
Look at TMW(Wilshire 5000) on www.bigcharts.com for time= 4 years; Frequency= weekly; SMA= 40(200day MA) for the general health of the overall market. You can add whatever other parameters you want.
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nikoschopen
2,824 posts
msg #50687
- Ignore nikoschopen |
3/26/2007 7:09:09 PM
As far as I know, a dead cat doesn't bounce. :P
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petrolpeter
439 posts
msg #50697
- Ignore petrolpeter |
3/27/2007 3:08:18 AM
Having grown up on a farm in mid-Wisconsin,I can verify that dead cats bounce,but only once.
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lockwhiz
206 posts
msg #50699
- Ignore lockwhiz |
3/27/2007 11:01:26 AM
LOL ... I guess it depends on how high they drop from ?
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nikoschopen
2,824 posts
msg #50706
- Ignore nikoschopen |
3/28/2007 2:52:14 PM
By all accounts, this cat is pronounced dead―especially in light of the fact that nobody believes Bernanke when he testifies in his usual about-face manner.
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