No, but you should read obscure German traders' self-immolating journals....that ought to get you started on the path.
Your previous investment in shares of RACK permanently disallows your usage of the word "sophisticated".
Your last sentence said it all, you are predicting. " I dont expect the rest of this week to be positive" You have now set your selfup by predicting. Just trying to help you avoid the mistakes so many make.
Nasdaq - Still on BUY signal says Jay DeVincentis He comments on Gold too, and other markets COMPLETE WITH CHARTS http://www.safehaven.com/article-7459.htm =============================================== WORDS ONLY, BELOW 4/29/2007 12:13:33 PM The market is hitting against resistance, but how long will it hold up? Stock Barometer Analysis The barometer remains in Buy Mode with the continued up trend in the Qs. The Stock Barometer is my proprietary market timing system. The direction or slope of the Stock Barometer helps determine our outlook on the market's direction. For example, if the barometer line is moving down, we are in Sell Mode. A Buy or Sell Signal is triggered when the indicator clearly changes direction. The black line is a 5 day moving average of the barometer and may be used to confirm changes in direction. All the information contained in this email is considered in making our calls. Stock Barometer Cycle Time Monday will be day 16 in our up cycle. The Stock Barometer signals follow 5, 8, 13, 21 and sometimes 34 day Fibonacci cycles that balance with 'normal' market cycles. Knowing where you are in the current market cycle is important in deciding how long you expect to maintain a position. Potential Cycle Reversal Dates 2007 Potential Reversal Dates: 1/10, 1/14, 1/27, 1/31, 2/3, 2/17, 3/10, 3/24, 4/21, 5/6, 6/15. We publish these dates up to 2 months in advance. It looks like the momentum might have finally left for a brief time, which may cause us sideways, if not slightly lower, into May 6th. My Additional timing work is based on numerous cycles and has resulted in the above potential reversal dates. These are not to be confused with the barometer cycle times. However, due to their accuracy I post the dates here. These dates are used to influence how quickly we issue a buy or sell signal. 2006 potential reversal dates: 1/16, 1/30, 2/25, 3/19, 4/8, 5/8, 5/19, 6/6(20), 7/24, 8/20, 8/29, 9/15, 10/11, 11/28. 2005 Potential reversal dates based on 'other' cycle work were 12/27, 1/25, 2/16, 3/4, 3/14, 3/29, 4/5, 4/19, 5/2, 6/3, 6/10, 7/13, 7/28, 8/12, 8/30-31, 9/22, 10/4, 11/15, 11/20, 12/16. -------------------------------------------------------------------------------- The following work is based on my spread/momentum indicators for the QQQQ, SPY, XAU, GLD and TLT. They are tuned to deliver signals in line with the Stock Barometer and we use them only in determining our overall outlook for the market and for pinpointing market reversals. I provide the spread indicator charts at least weekly and when they deliver reversal signals. The level, direction, and position to the zero line are keys in these indicators. For example, direction determines mode and a buy signal 'above zero' is more bullish than a buy signal 'below zero'. QQQQ & SPY Spread Indicator The QQQQ Spread Indicator remains in Buy Mode, above zero. The SPY Spread Indicator moved into Sell Mode, above zero. The QQQQ and SPY Spread Indicators will yield their own buy and sell signals and may be in Buy and Sell Mode that is different from the Stock Barometer. Gold & Silver Sector Index Spread Indicator (Index:XAU.X) The XAU and Gold Spread Indicators remain in Sell mode, below zero. The XAU jus crossed below zero. The dollar Spread Indicator remains in Buy Mode, below zero. I monitor Gold in the form of GLD and the XAU as well as the US Dollar Index as a general guide to the overall health of the US Economy and the markets, as well as to assist us in the entry of positions in our Gold Stock Service. Bonds Spread Indicator (AMEX:TLT) The Bond Spread Indicator remains in Sell Mode, above zero. I include bonds in our studies and use Lehmanâs 20 year ETF, as the direction of bonds can have an impact on the stock market. Normally, as bonds go down, stocks will go up and as bonds go up, stocks will go down. Supporting Secondary Chart I have over 100 technical indicators, some that are widely followed and some that are proprietary. These indicators break down the market internals, sentiment and money flow and give us unique insight into the market. I feature at least one here each day in support of our current outlook. -------------------------------------------------------------------------------- Summary of Daily Outlook We remain in Buy Mode as the Qs are hitting against the resistance line at the 46.62 price level (the 161.8% Fibonacci projection from March 14 - also the start of the current up trend). I don't think we'll be able to break above that level, but I thought that for both of the 100% Fibonacci levels as well. Not that I'm being pessimistic, but I'm not being optimistic either. Leaving the emotion out of it and sticking to allowing the system to work with us, not against us. For now, it would seem that we have hit a top - which doesn't mean that the market will move down. It just means that sideways action will likely continue before the bears can get the momentum to balance out the action caused by the bulls. As always, if you have any questions or comments, feel free to email me at Jay@stockbarometer.com. Regards, Jay DeVincentis Dynamic Trading
All you people who think the sky is falling need to short first thing tomorrow morning. Have fun and do not be the last person to cover if we break out to new highs tomorrow afternoon.
oh i totally get your point. some of you are on this board touting a bull market move for tommorow, or later this week... WHILE IN FACT you hope we move sideways while you shore up the funds to take your first, or maybe second bearish bet. You simply want more time to aquire all the puts you can. You want to bide time, or trail sideways before we see a the DOW break-loose like a water baloon against a brick wall. Oh ok, sure. Sell the lie so you can get in on the puts. Yea, you are a shorty all right. I've seen it before... double-speak on the forums. They'll tout one direction while in fact they are out there liquidating stagnant positions to ride the down wave. That's ok, because guess what? You'll end up unwinding positions you've current got open and add to the fall, all the while you'll end up paying high premiums to participate in the bearish decline that big boys have been setting up for the last 4 days. Dude, your scrambling and I'm on the sitting here pretty! Good luck shorty.