Aardvark Adventures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Aardvark Adventures

DAVE 235.29

+5.2%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: ~digs	10/3/2010 2:52:04 AM
	of 7944

here's a good read on current sentiment, from a guy that doesn't post real often.. marketfeel.com ----------- Market in Balance October 2, 2010 By tonloc the market has had quite a bit of price overlap last week which shows a market in balance. Markets rotate from balance to imbalance. So this week should give us direction on the next leg. So looking for clues I can see both sides. The liquidity argument is alive and kicking. You can see that liquitidy is being pumped into the market. This makes some sense politically as the elections draw near and the thinking might be that a dow in the toilet does not bode well for the current admin. However if you look at fund flows the retail investor is mostly apathetic about the market and has been for some time. Something that has to be paid attention to also is the whole yen dollar debate and honestly that is beyond what I can figure out. I understand the reasons but the players are unpredictable. Sentiment has backed off a bit from being too frothy but large traders as shown in the cots report are jumping ship. I am not gonig to go into all the charts I look at as we are at a point that it is too soon to be bearish but it is time to be cautious. Since I called the latest rally correctly but didnt not ride the tail end of it so far I am still left on the sidelines with a VXX position. I have been trading around it for a bit and squeaking out a profit but it is entirely possibly the qe2 chatter propels us to another equal leg up from the current consolidation. I am not betting on it though. Overbought markets are the hardest to trade for me and for alot of people. We have gone through a period where oscillators worked like a charm and now they have to be used secondary as we have somewhat worked off the overbought condition. We do not have a traditional topping pattern and in fact many indicators are showing a bullish edge. We are at a point that new bullish momentum needs to be seen to start the next leg up or it will fall back into the range. I am betting on the latter but will ride the wave if I see it. In the meantime I will be scalping the next few days only waiting until something emerges. Friday was an inside day with low adx on the hourly and 15 min so look for breakouts and ride em for all their worth with eye on fake breaks until clearly defined. The next move is winding up

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next