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Dear Tradewynne,
# 3. Yes, but would you not be looking for a decline before calling a turn?
# 5. We have had other days on this upswing when the advancers to
decliners have been negative. One day is no big deal especially when it
came on the heels of OPEC oil price rigging.
Would not wait for 13% to get bearish...actually I would wait until I see
employment improve to a lower level than it is now...have not calculated
it yet.
Not impossible the top is in...but how can one call it on the basis of a
TA mechanism that changes almost weekly I do not know. A few weeks ago, it
was posted " I would not short this market" I just think the "top is in"
posts are reactive.
And sure, I have no crystal ball...but I do believe the odds point higher
for now. If it goes lower, I am prepared.
As a contrarian, it is my opinion that this board has been wrong more than
right on market turns. Plus Paul Merriman who does a decent job in timing
Mutual Funds for many years is still 100% long with none of his 4 timers
turning negative.
Sincerely,
John
>> 3. All of the sectors are well above their 50 day EMA.
>
> By definition, aren't most stocks "well above their 50 day EMA" at
> tops? Well below at bottoms?
>
>> 5. 43 CANSLIM Breakouts ain't hay on such a day.
>
> Are you saying "43 CANSLIM Breakouts" out of 3000++ stocks
> is bullish?
>
>> unemployment at one time in the not too distant past was 13%.
>
> so, would you wait for 13% to get bearish?
>
>> curious to see a ***possible*** top post so close to a market drop.
>
> I assume you think it's IMpossible that a top is in?
>
>
> --- In realtraders@xxxxxxxxxxxxxxx, <jvc689@xxxx> wrote:
>> Dear Nav,
>>
>> And here I thought it would go un-noticed. The way I see Mr. Market
> is:
>>
>> 1. Market internals are not judged on one days action. Even today
> of the
>> 13 sectors most watched, 5 were in the green and 7 in the red. I
> just find
>> it curious to see a possible top post so close to a market drop.
>>
>> 2. The sectors 5 days ago were 12 in the green and just 1 in the
> red.
>>
>> 3. All of the sectors are well above their 50 day EMA.
>>
>> 4. I have not met any Hurst Made Millionaires yet...facetious
> though it
>> may be. Every prediction I have seen is always "possible"
> or "could do
>> this" or could do that". Please do not take offense. I let you who
> believe
>> have your say.
>>
>> 5. 43 CANSLIM Breakouts ain't hay on such a day.
>>
>> 6. Take a look at the Dow stocks that led the move down...due for a
>> correction in my opinion.
>>
>> 7. Second term of first year President has seen an average 32%
> gain. We
>> are not there yet...and the economic impetus have not been felt yet.
>>
>> 8. Unemployment has not started its eventual decline yet. When it
> does the
>> market will peak further and choke up later. If you recall,
> unemployment
>> at one time in the not too distant past was 13%.
>>
>> 9. Government deficit is but a fraction of what it has been
> relative to
>> past GDP per cents.
>>
>> 10. The penny stocks and the public craziness has not even started.
>>
>> 11. People are still afraid to call this move that started around
> March as
>> a Bull move...preferring to call it a Bear Trap.
>>
>> 12. I could give mucho added reasons, but what the heck I am tired
> and Ben
>> said it best. Wait until October.
>>
>> Bottom line is I am techno-fundamental and when the fundamentals do
> not
>> jive with the technicals or vice versa, I am not a believer. I said
> we
>> would "rock after Iraq" and when its time to stop, I don't think I
> will
>> need a chart alone to tell me.
>>
>> But keep in mind, I am hedged with over 50% in cash...so when I see
> a
>> stock like WM at a bargain, I can pick it up. There are a lot more
> on my
>> watch list.
>>
>> Sincerely,
>>
>> John
>>
>> > John,
>> > Can't let a post like that go unnoticed! What are the
> possibilities you
>> > see "Mr. Market" making and why?
>> > Navtej
>> >
>> > ----- Original Message -----
>> > From: <jvc689@xxxx>
>> >
>> >
>> >> Dear Rhonda,
>> >>
>> >> I too enjoyed your post and chart. Also the use of "possible
> high for
>> >> the year" makes it a pretty safe call.
>> >>
>> >> On that basis, I think the possible high for the year may not
> have yet
>> >> been seen. We will let Mr. Market tell us.
>> >>
>> >> I would not be selling short just yet.
>> >>
>> >> Sincerely,
>> >>
>> >> John
>> >>
>> >> > Great work, much appreciated.
>> >> > n
>> >> >
>> >
>> >
>> >
>> > To unsubscribe from this group, send an email to:
>> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
>> >
>> >
>> >
>> > Your use of Yahoo! Groups is subject to
>> > http://docs.yahoo.com/info/terms/
>
>
>
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