tag:blogger.com,1999:blog-3310402797768514899.post2173616130978568810..comments2023-11-05T03:39:11.575-05:00Comments on The Technical Take: A Short Term Bottom?Guy M. Lernerhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3310402797768514899.post-71144620883161563482009-10-05T12:06:13.840-04:002009-10-05T12:06:13.840-04:00victorberry:
I generally don't trade patterns...victorberry:<br /><br />I generally don't trade patterns so I am not sure I could comment; I thought higher yields would occur earlier in the year and they did but that secular theme petered out before it became a secular theme; price failures or failed signals generally react strongly in the opposite direction as we are seeing now. <br /><br />At some point, yields will go higher; just not now over the intermediate term (next couple of months)Guy M. Lernerhttps://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-51912067172101423012009-10-05T05:27:34.445-04:002009-10-05T05:27:34.445-04:00Thanks Guy and Dacian
One more thing ... the TNX ...Thanks Guy and Dacian<br /><br />One more thing ... the TNX chart appears to show a falling wedge or bull flag pattern, so isn't more upside (yields and equities) a very likely possibility? A false breakout from the pattern lasting a couple weeks or so might be the most likely outcome.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-83665683383951014422009-10-04T06:27:24.421-04:002009-10-04T06:27:24.421-04:00victor
"Also, I've heard people say ther...victor<br /><br />"Also, I've heard people say there is a large cash build-up in money market funds that is waiting on the sidelines to buy equities. Well, if it's retirees' funds, then I don't think it will be coming into the stock market."<br /><br />Money on the side-lines is a perpetual argument for bulls. Some figures are welcomed, and the sad truth is funds are all in right now.<br /><br />http://www.tradersnarrative.com/mutual-fund-cash-levels-adjusted-for-inflation-2938.htmldaciannoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-23000325877603229192009-10-03T16:51:45.035-04:002009-10-03T16:51:45.035-04:00check out this link:
http://www.economagic.com/
...check out this link:<br /><br />http://www.economagic.com/<br /><br />they have lots of data and it is about $1 per week.Guy M. Lernerhttps://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-17398606609545902982009-10-03T15:33:43.192-04:002009-10-03T15:33:43.192-04:00Does anyone compile weekly/monthly data for the nu...Does anyone compile weekly/monthly data for the number of Americans retiring? I am interested in knowing if the retirement rate of Baby Boomers has a significant offsetting effect on the overall unemployment rate.<br /><br />Also, I've heard people say there is a large cash build-up in money market funds that is waiting on the sidelines to buy equities. Well, if it's retirees' funds, then I don't think it will be coming into the stock market.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-77960946806054721422009-10-02T14:42:36.365-04:002009-10-02T14:42:36.365-04:00"Now just hope - I hate that word - for a dow..."Now just hope - I hate that word - for a down open!"<br /><br />There you had it! Now let's see if this thing breaks to new highs over the coming days. Buyers (shorts covering) stepped in, so this was a nice call.<br /><br />Have a great weekend!daciannoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-52516377744495381212009-10-02T09:42:58.626-04:002009-10-02T09:42:58.626-04:00Understood....Understood....Guy M. Lernerhttps://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-29236943538120826322009-10-02T08:17:59.788-04:002009-10-02T08:17:59.788-04:00Thanks for this post; you might be right, there mi...Thanks for this post; you might be right, there might be a 2 days trade for 2/3% higher; but why chase that? equities are not cheap, so a better risk trade would be to let that rebound develop over the next days then short it.<br /><br />At the moment I think bears are still scared to short or in a hurry to take profits on a 2% down day; I remember bulls had a 50% run up, which was quite impressive.<br /><br />Imo, oversold (by any oscilator) won't mean much, like overbought didn't mean anything on the run up.<br /><br />Let's see this thing developing...daciannoreply@blogger.com