S/R Emini Journal

Discussion in 'Journals' started by 4re, May 15, 2006.

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  1. When you do your weekly, do you use the previous week or do you include the previous five days. I use this for qick calculations.

    http://www.stelaronline.com/resource/pivot.htm

    Alan


     
    #6601     Oct 4, 2006
  2. DonKee

    DonKee

    Previous week H/L and Friday's C
     
    #6602     Oct 4, 2006
  3. TinGull

    TinGull

    Here's a Q...

    With the market being so high and people being so skeptical of what is going to happen next...what will happen if everyone decides to just hang out on the sidelines to see what is going to happen next? Does anyone else think that would happen? Cause dang...this market is killing this permabear.
     
    #6603     Oct 4, 2006
  4. yvberj

    yvberj

    What will happen is consolidation. Today's move was a strong move on good vol. A 15. pt. move in one day has to be absorbed. What I would like to happen is either level off here or pull back about 7 pts. Either should prepare us for another leg up. If it goes up tomorrow without hesitating I would be very cautious.

    Alex
     
    #6604     Oct 4, 2006
  5. romik

    romik

    Don't you guys think it's kinda odd that most eco primary indicators are showing weakness in the US economy (not just in the US) though there is such strong equity bull run? Amazing. Doesn't bother me, as I do not understand fundamentals enough to make trade decisions of them, but I can imagine what economists are thinking right now. Can this be justified?
     
    #6605     Oct 4, 2006
  6. TinGull

    TinGull

    Another question I have, Romik. It seems strange to me that the markets are running up so hard with things not looking so good. Especially with...the nasty Wal Mart showing slower sales. That makes me super happy, though...Wal mart is the devil...
     
    #6606     Oct 4, 2006
  7. Same talk in late 2002 early 2003. Indicators are lagging.

    All I can think is that there has been some pessimism. Also money flowing in from housing and commodities (see Nitros post) and election (myminis post)

    Everyone is talking housing but in the UK and Australia & NZ the housing market got a second wind and the economies are still doing fine.
     
    #6607     Oct 4, 2006
  8. romik

    romik

    I am referring to primary indicators BB, not TA ones. And I live in the UK and from my observations, things are not looking good at all, like retail spending is declining, housing is peaking, interest rates are still on the rise, company earnings are weakening, etc
     
    #6608     Oct 4, 2006
  9. I am talking primary indicators as well. Like the 5% GDP growth in early 2000 and then we know what happened.

    What I'm saying is strong indicators are not the requirement for a bull run, in fact the opposite at times like in 2003.
     
    #6609     Oct 4, 2006
  10. romik

    romik

    Yeah, but that was the net bubble burst. Boy, was that an intense times. I remember, one could pretty much pick out a tech stock with his eyes shut and make 50% at least very quickly. I made something like 1100% on a Ebay replica type stock in a matter of months, crazy.
     
    #6610     Oct 4, 2006
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