tag:blogger.com,1999:blog-253123551511703819.post3175088198560967240..comments2023-06-21T12:09:29.290-04:00Comments on The Night Owl Trader: Tuesday lowerMichelehttp://www.blogger.com/profile/11446439300213187649noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-253123551511703819.post-45365401180388129422012-12-05T00:39:06.200-05:002012-12-05T00:39:06.200-05:00I'm looking at that right now. About all I...I'm looking at that right now. About all I've been able to find is some noise about "technical rebound in the Chinese markets" or something to that effect. I'll have to see what all the charts can tell me. It's an interesting move, I'll grant you that.Michelehttps://www.blogger.com/profile/11446439300213187649noreply@blogger.comtag:blogger.com,1999:blog-253123551511703819.post-69905857435064310662012-12-04T22:56:04.085-05:002012-12-04T22:56:04.085-05:00Not really sure what sparked this late-night rally...Not really sure what sparked this late-night rally but now it looks like we will at least reach ES print of 1424 and possibly go higher before turning down. <br /><br />Very keen to your take on the market. Doesn't bode well for the short position. Reverse and go long here or not is the big question!<br /><br />Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-253123551511703819.post-7838504407381650082012-12-04T17:15:40.544-05:002012-12-04T17:15:40.544-05:00Ha, yeah well let me tell you what happened. I go...Ha, yeah well let me tell you what happened. I got this new Android phone and I was setting up my Google stuff on it. During that process, up pops some screen about Picassa and all the albums I have there. So I'm like, I don't use Picassa and I don't need any of that junk so I just deleted everything.<br /><br />Well come to find out that while *I* may not use Picassa, that's where Blogspot caches every single image you insert into a blog. So without realizing it, I deleted all of my trend arrows, my user icon, and even my NightOwl title image. Not cool!<br /><br />Fortunately, I had backups of everything but it still took me a while to a. realize what had happened and b. fix it.<br /><br />Then I decided that while I was at it I might as well turn the trend arrow from X to down since it's looking like we're now officially in a new downtrend. Live & learn.Michelehttps://www.blogger.com/profile/11446439300213187649noreply@blogger.comtag:blogger.com,1999:blog-253123551511703819.post-64255159074155565692012-12-04T16:23:02.098-05:002012-12-04T16:23:02.098-05:00Michele-
Was I hallucinating worse than usual? I...Michele-<br /><br />Was I hallucinating worse than usual? I thought the Trend symbol in the top right corner of your site was the neutral X, as I posted, but I see now that it's pointing down... did it change since I posted my comment, or did I just mis-read it, maybe remembering a prior day..?<br /><br />Also, what happened to your PI? They've taken it away and left you with a minus sign. Did Blogspot non-renew your license and sell it to the highest bidder, the bastards!?<br /><br />Took me a moment to notice it was gone...Danielhttps://www.blogger.com/profile/07748117214432133196noreply@blogger.comtag:blogger.com,1999:blog-253123551511703819.post-25277790706219017832012-12-04T14:15:58.436-05:002012-12-04T14:15:58.436-05:00Good eye, Daniel. Basically my confidence is goin...Good eye, Daniel. Basically my confidence is going to be low on any moves until we see a fiscal cliff resolution. Until then, the market's going to respond to every talking head that shows up on TV with comments of "progress" or "lack of progress".Michelehttps://www.blogger.com/profile/11446439300213187649noreply@blogger.comtag:blogger.com,1999:blog-253123551511703819.post-87755263514297313302012-12-04T01:51:58.170-05:002012-12-04T01:51:58.170-05:00Michele-
A quick question. Above, you wrote “Tues...Michele-<br /><br />A quick question. Above, you wrote “Tuesday lower, low confidence.” My question is why you added the cavaet of “low confidence”. Reading through the analysis, item by item, it seemed that if anything there was an unusual preponderance of conclusions supporting a thesis that today’s strong reversal has a high likelihood of continuing to the downside. (Including a YTD high in bullish sentiment in a poll.) <br /><br />..As opposed to times when some of the factors you consider are strongly one way, but others are very much the other way...<br /><br />By the end it seemed your tone was, “--and here’s annudder one, and here’s annudder one...” And I went back to the top of the posting and checked the Trend box, and it’s neutral-- so the prediction isn't even going counter to that directional measure.<br /><br />Is there some other factor which is giving you pause, but is too inchoate, or too complex, to go into in such a short and concise format? <br /><br />Otherwise, I too have been reading the nearly universal sentiment that the market HAS to go up for at least another week because “it’s December”. To me this makes it even more vulnerable to any technical weakness, since the initial investor reaction by many will be denial. (This is Santa time, the market now goes up, yes? NO!! Panic.)<br />Danielhttps://www.blogger.com/profile/07748117214432133196noreply@blogger.com