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To: Shack who wrote (20008)11/7/2001 6:59:32 PM
From: The Freep  Respond to of 209892
 
Not sure that it matters, but among the various numbers due out the next two days, I do note that Michigan Sentiment numbers come out Friday morning. Of late, these confidence numbers actually have been market moving, though hell if I can figure out why the market moves the way it does in reaction :-)

the freep



To: Shack who wrote (20008)11/7/2001 8:20:14 PM
From: JRI  Read Replies (3) | Respond to of 209892
 
How about the following charts, major components of COMP/NDX...doncha think they need a rest here?

stockcharts.com[m,a]daclyymy[pb50!b200][vc60][iUh14,3!Li14,3!Lp14,3,3]

stockcharts.com[m,a]daclyymy[pb50!b200][vc60][iUh14,3!Li14,3!Lj[$SPX]]

stockcharts.com[m,a]daclyymy[pb50!b200][vc60][iUh14,3!Li14,3!Lp14,3,3]

stockcharts.com[m,a]daclyymy[pb50!b200][vc60][iUh14,3!Li14,3!Lp14,3,3]

stockcharts.com[m,a]daclyymy[pb50!b200][vc60][iUh14,3!Li14,3!Lp14,3,3]

After all, they are sum of the parts, no?

I say up tomorrow is a gift to short....ok, maybe not a whopper of a correction, but even 5-6% on NDX/COMP would be a nice return, and will the charts as such, is the smart bet that the next 100 COMP pts. are UP? Seems hard to believe, even if we are doing "only" neutral on some indicators. Max-Pain on QQQs, last I checked, was 34.....doesn't Csco have a boatload sitting at 17.5?

Yeah, many bears aren't capitulating, but the WTF ratio is pretty damn high..that's gotta count for something (maybe our small correction)



To: Shack who wrote (20008)11/7/2001 8:23:40 PM
From: JRI  Respond to of 209892
 
edit



To: Shack who wrote (20008)11/7/2001 8:53:07 PM
From: marginmike  Respond to of 209892
 
not to mention VIX still above 30 and every decent selloff has reliquified bearish funds(less bullish fast).