Thanks, my friend. I am doing some 'advanced research' on oscillators. I have to do these things when I suddenly cannot tell what is going on, like three weeks ago. <G>
I assume you are talking about the CSCO/COMP call. It was pretty obvious at the time because I was watching CSCO very closely. That stock is very easy to read most of the time because it is very difficult for anyone to "massage". What happened that day was the stock should have gone up at three different places, and it did not. That told me that someone was bailing out in a very serious way. That's how I made the call. That move at the end of the day was a short squeeze, which I actually played and made money on.
I watched a movie this weekend called "Rogue Trader" about Nick Leeson and the bank he took down, Barings Bank.
He had a rule at one point; if you are long and average down, eventually the market will turn and you will be OK.
Unfortunately for him, somebody else had a bit more money than he did at that point and was averaging up. <G>
mymovies.net
Some people learn this lesson with three grand, some with thirty grand, and some, like Nick, who had OPM, needed to lose eight hundred million to get the message.
I'll bet if he had it to do over, he would have taken a thirty million dollar hit and been happy, eh??? <G>
It's like shorting high-flyers. It works every time until it doesn't, and when it doesn't, it's not pretty.
The question that will never be answered publicly is:
Who took that $800,000,000.00 out of the market?
That would be a sweet 5 day play, eh? $800,000,000.00 <G>
I am very glad that the Piffer indicators are positive. It's the only positive thing I can find right now.
I posted a message I think about two weeks ago where I noted some oddities about the trading that was going on; it appeared the big money had stopped buying on dips and was now selling on the rallies. I saw it last week as well.
I am VERY interested in what the market does for the next two weeks. I think the next two weeks will give us a very clear signal for the next 4-6 months. |
