Thread: nnuut's Account Talk

Great ifo nnuut! Thanks.

Compare the EFA ans S&P consolidation in July with the Market this week, do we see any correlation? How would Monday react? Opinions?

Attachment 2337

S&P 500 futures down 4.8, but that's 12%'s butta, baby

Hi Nnut:

As I'm writing this, Asian markets are down about 3%..Glad I jumped to safety before Friday's big bust...

Since the markets now appear oversold, we'll see if things start to look a bit greener tomorrow or Tuesday...however, I'm on the sidelines until this volatility subsides a bit. The VIX was looking relatively stable a week ago, but I've been on the road and couldn't follow the day to day action...

I'd be interested if anybody out there caught a/ indicator/s that could have provided folks with a little more information to use in considering a move to the safety of G/F.

The economic calendar provides a good look at what's coming up, but the hogh price of oil and gold make me feel a bit bearish...which I really dislike..

God luck to all next week..

FS

Originally Posted by FogSailing

Hi Nnut:

I'd be interested if anybody out there caught a/ indicator/s that could have provided folks with a little more information to use in considering a move to the safety of G/F.

FS

FS,
Yes there are indicators: i.e., wheat v chaff. There are good systems, better systems, but no perfect systems!

S

Regarding the consolidations for the S&P and EFA, boths charts show a little bounce back in July; more pronounced on the S&P. I am not sure we can compare this way however. For one, we would have to look at the selling volume. Perhaps there was more consistant short selling this summer, and last Friday was a panic sell? Another theory: perhaps this sell was inspired by the street in order to get the Feds attention for another rate cut?

Originally Posted by FogSailing

Hi Nnut:

As I'm writing this, Asian markets are down about 3%..Glad I jumped to safety before Friday's big bust...

Since the markets now appear oversold, we'll see if things start to look a bit greener tomorrow or Tuesday...however, I'm on the sidelines until this volatility subsides a bit. The VIX was looking relatively stable a week ago, but I've been on the road and couldn't follow the day to day action...

I'd be interested if anybody out there caught a/ indicator/s that could have provided folks with a little more information to use in considering a move to the safety of G/F.

The economic calendar provides a good look at what's coming up, but the hogh price of oil and gold make me feel a bit bearish...which I really dislike..

God luck to all next week..

FS

Originally Posted by Uptrend

Regarding the consolidations for the S&P and EFA, boths charts show a little bounce back in July; more pronounced on the S&P. I am not sure we can compare this way however. For one, we would have to look at the selling volume. Perhaps there was more consistant short selling this summer, and last Friday was a panic sell? Another theory: perhaps this sell was inspired by the street in order to get the Feds attention for another rate cut?

I never really understand WHY. but that's not as important as WHEN to me. Yes, I too was on the road last week and stayed invested the whole week. Didn't have access to a computer but 2 days out of 8. Then Friday I had a Brain Fart or something and let it ride again, thinking there might be a little bounce and then a continuation of the down trend. We will see. If I was always right, I'd be working for a Hedgefund.

Originally Posted by nnuut

I never really understand WHY. but that's not as important as WHEN to me. Yes, I too was on the road last week and stayed invested the whole week. Didn't have access to a computer but 2 days out of 8. Then Friday I had a Brain Fart or something and let it ride again, thinking there might be a little bounce and then a continuation of the down trend. We will see. If I was always right, I'd be working for a Hedgefund.

Yup, a little bounce today then continued down. Just like last july 25th? Maybeeee??

Might as well go with it! 100% "G" COB today.
Waiting for the BOTTOM, or is this the BOTTOM?

No G! Welcome to the coaster ride. We cannot compare the summer activity to now. The big boys are shaking the tree and the weak apples are falling off. Today and tomorrow is all uphill. Wednesday may be caution.

You never know Uptrend, this could be a Down trend don't you think it's possible? If it's anything like July and 1989 and many other consolidations I looked at there is a good chance this is not over. I would much rather miss an up tick than be in during a drop. You have to make up twice the money to get even, figure it out.
Norman