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Thread: Market Talk April 2009

  1. #1

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    Default Market Talk April 2009

    You know before we had the 666 low, all sorts of talking heads were calling for lows below 600.

    Than we get this short rally and these same type talking heads are calling 900s. These same folks are saying we won't see the 666 bottom again.


    Why isn't anyone calling for a test of the bottom? I don't get it, is there something I don't understand?
    Candlestick crack addict...


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  3. #2

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    Default Re: Day to Day Market Talk

    "Most" bottoms are tested. The problem is these emotional folks are only seeing what's happening right now, in my opinion. They could be right based on the Nasdaq successfully testing the lows already. We'll have to see.
    -- Tom | My Trades

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  5. #3

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    Default Re: Day to Day Market Talk

    John Lee, who seems to get it right more often than not, does a quarterly forecast of major markets. Here's the latest one:

    http://safehaven.com/article-12983.htm

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

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  7. #4

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    Default Re: Day to Day Market Talk

    Quote Originally Posted by etftalk View Post
    "Most" bottoms are tested.
    Thanks Tom. I do admit I'm a bit of a cynic when it comes this market. I'm still waiting for a close above the red trendline, before I get bullish.

    sc.jpg
    Candlestick crack addict...

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  9. #5

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    Default Re: Market Talk April 2009

    Looking at the 15 minute chart, the Slow STO & ADX look tired. Half of todays price action was made in the first 15 minutes, the rest has been up & down. I have to wonder to myself is all the good news now priced in? I suppose the bulls can rejoice that there wasn't a massive selloff.

    sc.jpg
    Candlestick crack addict...

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  11. #6

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    Default Re: Market Talk April 2009

    Quote Originally Posted by JTH View Post
    I have to wonder to myself is all the good news now priced in? I suppose the bulls can rejoice that there wasn't a massive selloff.
    I got an early indication from another one of my favorite indicators - the email indicator. I haven't gotten hate mail in a long time, but I got a nasty one today. That's usually an indication that things are about to turn.
    -- Tom | My Trades

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  13. #7

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    Default Re: Market Talk April 2009

    Quote Originally Posted by etftalk View Post
    That's usually an indication that things are about to turn.
    If it's any consolation to you, my dad's the admin/moderator on a gun forum. Oh the drama that gets stirred up from time to time. Kind of like having a big drunken family reunion. And the emails... I'm glad I don't have to roll some of that stuff off my shoulders. I suppose you get use to it after a while, but not me.
    Candlestick crack addict...

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  15. #8

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    Default Re: Market Talk April 2009

    Did you see what REIT's did today?! VNQ up 8.6%. VNO up 13.2%.

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

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  17. #9

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    Default Re: Market Talk April 2009

    ETF Rewind - Week 14 (04/03/09)

    (Click Image to Enlarge/ Glossary)
    "Lest we get too excited here
    , a fourth week of gains that left the S&P500 (SPY) up another +3.2% really just has the indices back to early February levels. Among the majors, Emerging Markets (EEM) posted the healthiest rise of +6.8%, while domestically the greatest strength was shown in the Small Caps, as represented by the Russell 2000 (IWM), up +6.4%. Meanwhile, Real Estate (IYR) managed a whopping gain of +15.6%, even as Precious Metals (DBP) continued to soften, down -3.4%."


    http://marketrewind.blogspot.com/

    Lady
    If you think education is expensive, try ignorance. - Derek Bok


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  19. #10

    Join Date
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    Default Re: Market Talk April 2009

    I see financials are the top 4-week gainer. That's about how long I've owned FAZ.
    -- Tom | My Trades

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