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
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.
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
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?
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...
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.
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
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.
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.