JJ -- I've been on family time, Shack's in the woods, AA's busy going to the theater <g>, ATA said he's on the road/relocating, JOAT, Nancy and a few others have mentioned vacation as well, so that's probably part of the quiet.
I think another part is that we're not in an easy to read area. We all seem to think that most likely, the next really good sized move to play will be down... but we all also seem to think that it's not yet time. There's debate about how much up remains (our non-grizzly "amateur" e-waver has quite a bit of potential upside, others have less). I don't think any of us really think we've turned for hard down here... nor do I think any of us are precisely sure where we are in a count other than, in tech, "in wave 5." I think if we see more signs of a confirmed trend change, on the following bounce (ASSUMING trend change is down), you'll see much more posting. As for me, I just keep looking for interesting individual stocks.
A few of my shorter-term observations, fwiw. If we don't get some down this week, it will be another max pain miss but a notably different one in tech -- we've been hitting very close to max pain during the week prior to expiry week with some regularity. I'm not sure we came "close enough" last week on the QQQs, though I suspect we did in non-tech. Also, in all this talk about the July 17th Bradley date, I think this thread has largely lost sight of the fact that the Bradley "should" only be used to track the Dow. In which case it is really off the mark, as the Dow's high for this move was well before the big July 2 turn. However, the fact that it didn't make a higher high since that big turn date would not imply inversion to me (in other words, a "major" turn up shoulda led to new highs), therefore rendering predictions about the 17th kinda nebulous. Does that help anyone? Not me, but hey, I'm only
the freep |
