tag:blogger.com,1999:blog-2335748440449035592.post4859231109889810292..comments2008-05-01T16:04:56.352-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2335748440449035592.post-37248661143102479292008-05-01T16:04:00.000-04:002008-05-01T16:04:00.000-04:00No.<BR/><BR/>What says TrimTabs? We are in best economic times of our lives or no? :)TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-18248278986383320362008-05-01T15:52:00.000-04:002008-05-01T15:52:00.000-04:00tradermark<BR/>Have you look at the data from trimtabs? It gives a different view of economy data. It strives to deliver daily and weekly real time stats.slimanhttp://www.blogger.com/profile/02885545198067762872noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-7541075019940449682008-05-01T14:44:00.000-04:002008-05-01T14:44:00.000-04:00Really? that much longer eh?<BR/><BR/>I'm thinking 2 weeks or less but who ever knows. Market predicting is 100x harder than any individual stock. "The collective" is too unpredictable. We'll see the action at 1435 or so. If job losses come in at say 125K tomorrow and the market rallies than you just have to buy lol.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-62263243496720548352008-05-01T14:17:00.000-04:002008-05-01T14:17:00.000-04:00One other thing: my guess is that it will take about 4 weeks from this week before the market roll over. It really isn't a guess, but based upon past observations of similar market climates.<BR/><BR/>On the flip side, take gold as our commodity proxy; there is a high probability that gold should bounce at its 200 d MA; this isn't too far away. Why highly probable? Prior strength leads to buying the dip and real interest rates remain negative.<BR/><BR/>So technically describing what you are doing......Guyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-49516369405831444112008-05-01T14:07:00.000-04:002008-05-01T14:07:00.000-04:00Yep I agree<BR/><BR/>it would be most cruel to draw in these people over 1400... maybe even getting to 1430s, drawing in all that sidelined money as performance chasing happens, only to lower the boom. That would be classic bear. <BR/><BR/>The 200 day will be important if/when 1405 is broken. (about 1435 right now)<BR/><BR/>I have my popcorn ready and am watching with bated breath.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-41213639535744553432008-05-01T14:04:00.000-04:002008-05-01T14:04:00.000-04:00Light volume rallies on marginal breadth and increasing bullish sentiment is not a recipe for sustainability. It is still a bear market and this is a bear market rally that will likely fizzle within the vicinity of the 200 day MA on the major indices. We just need to have "the all in" before prices turn meaningfully lower. Remember, this was the "economy is going to be better in 6 months" trade or if you like, "stocks have been resilient in the face of such bad news" trade; therefore, the path of least resistance had to be up.Guyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.com