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fib_1618

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Reply with quote  #1 
Are now up and can be reviewed by clicking here.

BETS -60: Hold Shorts with a Bearish Bias.

Fib

[bets100215]

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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Zim

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Another opinion - That is what makes markets [cool]

Quote:
Stocks staged a positive reversal Friday, turning big losses at the open into solid gains by the close. The Nasdaq scored a 1.7% advance after being down 1.6%. The S&P rose 1.4%. The IBD 50 lagged with a 1% pop. Volume rose on both major exchanges.

The gains in rising volume pointed to institutional buying. The S&P 500's thrust came on Day 4 of an attempted rally, which along with the volume and price gain qualify as a follow-through day. A follow-through day confirms that an uptrend is underway. This means quality stocks now can be bought as they break out of valid bases or bounce off the 50-day line in strong volume.


Read More At Investor's Business Daily: http://news.investors.com/investing-the-bi...m#ixzz3nbfI4Fws 

Good Trading
Bill

Now back to vacation  huh.gif

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fib_1618

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Quote:
The gains in rising volume pointed to institutional buying. The S&P 500's thrust came on Day 4 of an attempted rally, which along with the volume and price gain qualify as a follow-through day. A follow-through day confirms that an uptrend is underway.

Maybe...maybe not.

Technically speaking, we continue to work with corrective behavior from the late August crash on a short term trending basis, with Friday's TRIN readings more indicative of short covering than any fresh buying after successfully challenging the August price lows. Regardless of this important difference in market dynamics, three days need not make a trend, but it could be a tradable bottom of some degree...something of which was forecasted for the early October period by the NYSE McClellan Summation Index back in the middle of August.

Thanks Bill for taking time out from your vacation to share this with us...we'll see how it goes.

Fib

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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