Silicon Investor (SI) -- The First Internet Community

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.

Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (7061)	5/4/2012 1:05:39 PM
From: Beobe	Respond to of 10065

re: "The world banks are merely spinning more and more plates at this point and it will not last without incident." youtube.com

To: Justa Werkenstiff who wrote (7061)	5/6/2012 11:34:25 AM
From: rsie	1 Recommendation Respond to of 10065

justa, thanks, but i am with bob b. this time. schaeffersresearch.com "However, it's very important to remember that, while technical patterns like this can be very powerful, we've noticed over the past few years that when everyone is talking about a pattern, it rarely plays out the way it's supposed to. In fact, we've been amazed at how many times emerging bearish patterns have been picked up on and discussed by everyone, yet the bullish patterns -- which have tended to play out more reliably over the past three years -- are simply avoided. Well, here we are once again, and various technicians are noting the bearish patterns out there as reason for concern. Should the crowd be wrong again, a reversal of that skepticism could fuel the next move higher. "

To: Justa Werkenstiff who wrote (7061)	5/11/2012 6:16:01 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 10065

Hi All: Interesting news on JP Morgan. Seems like JP Morgan was one of those poor savers looking for yield in a "yieldless" market thanks to Helicopter Ben. Is this the Bear Stearns moment from the summer of 2007? Justa

To: Justa Werkenstiff who wrote (7061)	5/17/2012 8:45:06 AM
From: Justa Werkenstiff	2 Recommendations Respond to of 10065

Hi All: Looks like we have topped as I have been saying and have rolled over. I see a short term bottom being carved out for an up phase to start. Could bottom as early as today. Don't know the extent of it. Bulls need a sharp rally -- the "v" bottom -- and a scorcher. I don't favor this outcome. Bears would be content with sort of a "u" bottom carved out bottom lasting days that works off the oversold condition and then rallies to a lower high. I favor that outcome especially with Facebook going public. Bears would also be content if the bottom falls out (today or in a few days) and we rally out of it working off the oversold condition in that manner. I don't favor that outcome. Intermediate term, I don't like what I'm seeing. Though we are oversold on the daily charts, we are not oversold on a weekly basis and, with the trend down, the bears are now at the helm and the economic flow is supportive. ECRI read looks to be falling in place. Justa

To: Justa Werkenstiff who wrote (7061)	6/3/2012 5:01:45 PM
From: Justa Werkenstiff	3 Recommendations Read Replies (3) \| Respond to of 10065

Hi All, In this month's review of the markets, my call for a topping process over the past few months has been a good call as the market has rolled over and have essentially erased the 2012 gains. On May 17th, I noted the formation of a bottom and gave three scenarios: " Bulls need a sharp rally -- the "v" bottom -- and a scorcher. I don't favor this outcome. Bears would be content with sort of a "u" bottom carved out bottom lasting days that works off the oversold condition and then rallies to a lower high. I favor that outcome especially with Facebook going public. Bears would also be content if the bottom falls out (today or in a few days) and we rally out of it working off the oversold condition in that manner. I don't favor that outcome." We had a sideways and then a muted pop from that point and rolled over on Friday. So far, the idea of a 'U" shaped bottom is still favored with Friday's swoon a part of that process. But this market is tricky at this juncture for sure. I still don't like what I'm seeing longer term. I am now open to the idea that we are in the early stages of a bear market. I would like some more data over the coming few months but the evidence compels me to view this as a distinct possibility. Justa