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--- In realtraders@xxxxxxxxxxxxxxx, <jvc689@xxxx> wrote:
> Dear Tradewynne,
>
> # 3. Yes, but would you not be looking for a decline before calling
a turn?
>>50 day EMA
No: MA crossover systems lose money. OTOH, Yes <g>, but it's all a
question of scale. I have hourly, even daily systems with trend
filters that are short.
> # 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.
What does this have to do with:
> >> 5. 43 CANSLIM Breakouts ain't hay on such a day.
> >
> > Are you saying "43 CANSLIM Breakouts" out of 3000++ stocks
> > is bullish?
> Paul Merriman
OK, look at his performance (in stocks) since the bear started:
http://www.merrimanfunds.com/performance.html
>
> 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/
> >
> >
> >
> > 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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