Thread: Bull Pen - June 2006

RevShark's public comments last night (6/6) were the most negative I have seen. Does anyone else read them as "run for cover and stay low for awhile" or am I reading them wrong? What does he see that we bulls-of-various-shades are missing?

Seasonality tells us that the summer is likely to be down. I think this summer will see a drifting down with volitility. I expect that much like last year the market will pick up in the fall. You can make money with market chop, but you have to be patient and pick your entry and exit points carefully and not too greedily.

From where we are right now, I'm bullish for at least a 1%-1.5% gain. However, we are on soft footing, so I'll be quick to retreat and wait for another charge to join.

systemtrader could you please email me your new site?


Seth_Blue@yahoo.com

Originally Posted by Pilgrim

RevShark's public comments last night (6/6) were the most negative I have seen. Does anyone else read them as "run for cover and stay low for awhile" or am I reading them wrong? What does he see that we bulls-of-various-shades are missing?

I think your interpretation of RevSharks comments is accurate. You have to keep in mind the world that he lives in. Rev is no fool and he can and will find money in most any market, short of an across the board bust. I suspect that his client base has taken somewhat of beating the past couple of weeks. Since, he has clients to answer too, I am sure that they are expecting him to be overtly cautious. Given that, I would not be suprised to hear him throwing up the caution flags, especially since a retest of May 24th's lows has been a real possibility and knowing that folks are starting to get itchy trigger fingers anticipating the expected recovery.

I know I pulled the trigger early this time, but when these things happen, they tend to be fast and furious, leaving a lot of people standing on the sidelines. Actually, I am very happy that I caught a good piece of this dip, assuming that a breakdown below the current channel does not occur.

Never mind. My chart didn't work.

Originally Posted by Griffin

I think your interpretation of RevSharks comments is accurate. You have to keep in mind the world that he lives in. Rev is no fool and he can and will find money in most any market, short of an across the board bust. I suspect that his client base has taken somewhat of beating the past couple of weeks. Since, he has clients to answer too, I am sure that they are expecting him to be overtly cautious. Given that, I would not be suprised to hear him throwing up the caution flags, especially since a retest of May 24th's lows has been a real possibility and knowing that folks are starting to get itchy trigger fingers anticipating the expected recovery.

I know I pulled the trigger early this time, but when these things happen, they tend to be fast and furious, leaving a lot of people standing on the sidelines. Actually, I am very happy that I caught a good piece of this dip, assuming that a breakdown below the current channel does not occur.

Sell when they are YELLING, BUY when they are CRYING. More pain to come, but all part of what was a "Very Overbought Market" that needed a rest!
When traders like the shark start getting cautious I know the bottom is NEAR!!!

Good Investing / Trading

Originally Posted by robo

Sell when they are YELLING, BUY when they are CRYING. More pain to come, but all part of what was a "Very Overbought Market" that needed a rest!
When traders like the shark start getting cautious I know the bottom is NEAR!!!

Good Investing / Trading

Shark's already preping to get back in the game!

This reminds me of that commercial, starting with the little company and working up the food chain with CEO of the mega company saying "we have to be more nimble what would the guys at ....do?"

Maybe someday the suits at Goldman/Sachs will be saying "what would the guys (gender neutral) at TSP Talk do?"

The Nikkei looks climactic - could be an intraday bottom. The Hedge funds are leaving, but mom and pop domestic are staying - and I'd rather have it that way. Reduces volatility and more pleasant to accumulate shares at reasonable prices unless of course you are already sitting on 40,000 shares and want the return to $20.95 as soon as possible. All I can do is lend them my cilice for a modest fee.

Originally Posted by Birchtree

The Nikkei looks climactic - could be an intraday bottom. The Hedge funds are leaving, but mom and pop domestic are staying - and I'd rather have it that way. Reduces volatility and more pleasant to accumulate shares at reasonable prices unless of course you are already sitting on 40,000 shares and want the return to $20.95 as soon as possible. All I can do is lend them my cilice for a modest fee.

Buying the Nikkei tomorrow morning! Added I Fund today. Looks like I was early again, but I know value when I see it. Sign me up for some pain my friend!!!

I've been waiting for this day. Let's ride!!!!!!!!!

Originally Posted by mlk_man

I've been waiting for this day. Let's ride!!!!!!!!!

Is that you John Wayne?