The fact that some on this stream don't understand why people need such basic and simplistic advice demonstrates how out of touch they are with the rank and file of this country.
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Babak, I tend to agree. Similar to oscillators, things can get oversold/overbought and stay there for some time. Most definitely, the VIX should not be used by itself as a market timing tool.
Mr. Hoover, First, let me say I had the chance to stay in one of your fine establishments; I believe it was called Hooverville. Anyway, you indeed have a fair point. As indicated by my disclosure, I do not have any positions, long or short, at this time. Although I'm cautiously bullish, I have not bought into this this being the beginning of the next bull market. I have my fingers burnt to many times in the past to jump in just yet. Possibly a decent counter trend rally is under way- but time will tell and I will adjust accordingly. If you are a value investor (which I am not), the prospects may be more frightening. But when I do enter the market, I will most certainly exercise risk management to the nth degree, and I encourage others to do likewise.
It looks like no one in the markets wants to commit and bring any of the indexes over their 50 dmas. Right now the 50 dmas seem to be pushing down the price.
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How long does one have to wait? You can say the same thing about oil, financials. Parking money in something with a long-term possibility of gain is speculative.
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Nyka, Good advice. My 9th grade teacher taught me that and I never forgot it. We got penalized whenever we used "I" in a paper. Its amazing how many analysts and pundits (be it politicians or financial analyts) use "I think" and "I believe." It really weakens their arguments.
I guess it has more significance to me because I'm a lawyer. No quality lawyer would ever use "I think" when advocating on behalf of a client.
On Dec 01 12:51 AM nyka wrote:
> Two points.....avoid starting all your sentences with the same, same, > same words. Try..."the bank" or use the stock symbol(s). > > Dump the "I think..." We know you think this; why else would your > write it? > "I think" suggests an unwillingness to offer an air of authority > to your opinioins. The same holds true for "I believe," "It seems > to me that" and "In my opinion."
Nice article. Brick by brick...breaching the resistance that used to be support would be a step in the right direction. There is plenty of time to jump once we get further confirmation- 94% of stocks are trading below their 200 dma. It will take time for stocks to be tradeable on the long side.
I m not about to nibble on anything yet, but if the markets cannot bust through the aforementioned resistance levels, it looks like we will see more downside. I'm also curious to see the markets finally get back to the fifty dma - that will be a true test.
David, I agree with your comments regarding the Vix- considering that everyone was looking for a bottom signal when it hit forty, how good is it if it touches 90? Having said that, I would have to say it is looking toppy- it even formed a double top last week. Of course I would never base my trading decisions solely on this one indicator.
The amount of short set-ups that just triggered in the market is unbelievable. AAPL was showing an inverted cup formation (without handle) that kept popping up on my screens. As for the above analysis, in this environment that AAPL can see 58. If AAPL bounces, again, it might be at a point to go short again.
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Precisely. How much more could it hurt to bring back the uptick rule? Its not like it was such a hindrance before. It was only around for seventy years or so and the markets seemed to be working just fine. It cannot make things any more worse, as opposed to banning short selling altogether with no real basis.
Apple looks like it has more downside left in it. Not to say that apple will one gain back some of its stock value, but the days of it being a market leader are likely over. When the new bull market starts, and it will (just don't ask me when), it is extremely unlikely that Apple will be leading the charge.
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I tend to agree. Similar to oscillators, things can get oversold/overbought and stay there for some time. Most definitely, the VIX should not be used by itself as a market timing tool.
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First, let me say I had the chance to stay in one of your fine establishments; I believe it was called Hooverville. Anyway, you indeed have a fair point. As indicated by my disclosure, I do not have any positions, long or short, at this time. Although I'm cautiously bullish, I have not bought into this this being the beginning of the next bull market. I have my fingers burnt to many times in the past to jump in just yet. Possibly a decent counter trend rally is under way- but time will tell and I will adjust accordingly. If you are a value investor (which I am not), the prospects may be more frightening. But when I do enter the market, I will most certainly exercise risk management to the nth degree, and I encourage others to do likewise.
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Good advice. My 9th grade teacher taught me that and I never forgot it. We got penalized whenever we used "I" in a paper. Its amazing how many analysts and pundits (be it politicians or financial analyts) use "I think" and "I believe." It really weakens their arguments.
I guess it has more significance to me because I'm a lawyer. No quality lawyer would ever use "I think" when advocating on behalf of a client.
On Dec 01 12:51 AM nyka wrote:
> Two points.....avoid starting all your sentences with the same, same,
> same words. Try..."the bank" or use the stock symbol(s).
>
> Dump the "I think..." We know you think this; why else would your
> write it?
> "I think" suggests an unwillingness to offer an air of authority
> to your opinioins. The same holds true for "I believe," "It seems
> to me that" and "In my opinion."
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I agree with your comments regarding the Vix- considering that everyone was looking for a bottom signal when it hit forty, how good is it if it touches 90? Having said that, I would have to say it is looking toppy- it even formed a double top last week. Of course I would never base my trading decisions solely on this one indicator.
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