| Hushai |
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Member, TeleChart
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| Registered User |
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| Unsure |
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| Friday, September 12, 2008 |
| Sunday, April 5, 2009 8:35:07 PM |
55
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In response to the question of whether the 7400 level will hold, which was initiated at a different thread.
The Dow is not there yet, but we should be asking first if the Dow can get there.
Can the Dow get there? It is my opinion that based on the technical analysis of my indicators it is very possible. Stochastics on the very long term chart below show room for lower ground. And my propietary indicators don't show any sign of turning around any time soon.
The other question would be whether it would hold there if it gets there. It is my opinion that it may not.
Arriving at that level will create enough panic to cut the level like butter.
Remember that 7400 is about the bottom of last bear. A cross of such would strongly indicate the development or lets say continuation of a supecycle bear, which was discounted on the last party the market had while running on fumes.
Remember to this day nothing has changed fundamentally in our economy. Except that the government along with the fed are trying their hardest to PATCH this mess. And that patching may work eventually for a little while, just like all patches work. But remember it is not a clean repair. My guess is that it will leak again, and then the repair will be more costly, and eventually we will need a new economy build from the ground up.
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Wow Tobydad must be having a real bad day. Hope it gets better.
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QUOTE (tobydad) Losing their shirts? How in the world could you miss shorting these days? I mean, I"m not usually big on shorting but this is like shooting fish in a barrel. Let's push a rock off of a cliff and then place bets that it will drop.
Anyway, Hushai, Bigblock, whoever you are (and that little comment is one to which you may really want to apply yourself), you try a bit too hard to generate anxiety so that you can come to the rescue. Frankly, my question about holding at 7400, or whatever I asked up there, was just a conversation starter to keep everyone thinking, analyzing and learning. I didn't make comments about the trendlines drawn because I wanted to see what conclusions others might reach on their own.
So, please, bring your considerable knowledge to this board and participate with us; but leave your considerable insecurities at home.
I have little insecurities. Your trend lines made no sense - at least to me.
My questions had a sacastic context.
If you like to know my take on the 7400 level - my take is none - especulation only has two sides.
7400 is a critical level that is all we know. Whether it will hold or not nobody knows until we get there. The markets are far from there still - so what is the point worring about that level now.
Just getting there is a bad sign. If we do I would think that support there will break just because of the fact that we got there.
Nothing has change fundamentally in this economic crisis. Unless something has really changed by the time we get there - there is no reason for that level to hold and a lot of reasons for the level to break.
By the way, I am BIGBLOCK (I think I was clear on that - I am not hiding anything) so we are clear on that. Hushai is a forced on Bigblock by the board management.
Happy now?
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Heck me too. I always thought, and think that that guy is a JOKE. But you know, I don't feel bad for those who lost their shirt listening to the nonsense. After all we all make our own choices.
CNBC should be a shame, along with all the talking heads they broadcast. That is a circus.
But again we all have a choice (on or off).
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QUOTE (realitycheck)
Come on BB ....
It serves no useful purpose to be condescending or cryptic ...
What is your opinion as to where we will find some support for a meaningful bounce ?
And where might you speculate that we might find an eventual bottom ?
And when ?
Reality my views on market analysis can be found here
http://www.worden.com/training/default.aspx?g=posts&t=35214
what you see there now is what my especulation is. The bottom hasn't arrived just yet.
Just my opinion.
I am not sure why so many threads about the same thing just keep coming up - I think there is a lot of anxiety around.
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Listen folks I would had liked to return here as who I am. In fact I requested my real board name to be lifted from the banning. Moderators refused my request event knowing that it wouldn't take more than a couple of posts to know who is who.
You guys can call me whatever you want Hushai, Cushai, Alexandria, Bigblock. It is all the same. I think that it is clear who I am. I am not sure why the moderators don't see it that way.
Perhaps the moderator will allow now for the lift now. The Apsll (now Captain Jack) deal is off now at least in my behalf.
Lets see.
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well you type MA and then a "(" a 6 and then ")" and you get a devil. Great.
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by the way I meant "markets on the average are about 40% Down".
And I got no idea how that little devil got there. I sure didn't put him there. I typed MA(6) MA (6)
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Wow, that is a complicated picture. No worder there is confusion in the air.
Kind of remains me the axis of failure.
By the way, the Whiskey index is up about 20% while the markets on average are about 40%.
May be we need to drink a little more whiskey and assess the chart again.
Exaclty what do the lines on the chart represent?
Exactly what are the OBV, Linear regression 255, and a MA(6) telling you?
Truly, I got right now a bunch of ?????????????flying out of my head.
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QUOTE (diceman)
Gee, remember when Bloomberg and CNBC were
"cheerleaders".
Another bear myth debunked.
Thanks
diceman
Yeah, what about JIM CRAMER? Decramerized.
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