tag:blogger.com,1999:blog-7444476276287180978.post6605421607622576516..comments2023-11-20T05:15:20.137-05:00Comments on Behind the Headlines: Preponderance of evidenceMichael Kahnhttp://www.blogger.com/profile/10668546349672243203noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7444476276287180978.post-63079464215180263462011-05-22T21:37:46.479-04:002011-05-22T21:37:46.479-04:00The evidence points to the bear case but as y'...The evidence points to the bear case but as y'all said (more or less) there as been no breakdown in price.Michael Kahnhttps://www.blogger.com/profile/10668546349672243203noreply@blogger.comtag:blogger.com,1999:blog-7444476276287180978.post-51085986380248201042011-05-21T11:35:20.941-04:002011-05-21T11:35:20.941-04:00SPX is sitting on inverse H&S support. The li...SPX is sitting on inverse H&S support. The line is semi angled downards. I'm not going to argue grapeman, I'm just saying... the pattern is still in play. To come out and say the bear is here from a technical stance is reckless. There aren't any confirmations that the bear is here (but I am a bear and have been for about a year now).<br /><br />Jim- I hate to tell you but markets climb a wall of worry. This is a technical message board, not a place to gripe about inflation and the likes. If you are a technician then the headlines do not mean a thing. The only thing that matters is price and that's my big gripe with technicians. I remember one book I read where the guy was a guru with charts and he just locked himself in a room so he could study his charts without being influenced by the news.Gabrielhttps://www.blogger.com/profile/04130231105559602298noreply@blogger.comtag:blogger.com,1999:blog-7444476276287180978.post-30130886198872439652011-05-21T08:53:25.225-04:002011-05-21T08:53:25.225-04:00Not Guilty by reason of insanity. QE to reflate st...Not Guilty by reason of insanity. QE to reflate stock market may work, but will not create jobs. Market is on borrowed time. Suckers game, always has been.Jimhttps://www.blogger.com/profile/11985052788299763651noreply@blogger.comtag:blogger.com,1999:blog-7444476276287180978.post-33310225858626146972011-05-21T01:32:56.055-04:002011-05-21T01:32:56.055-04:00So far the inverse H+S pattern has failed, Bonds a...So far the inverse H+S pattern has failed, Bonds are looking very strong and same with defensive sectors...<br />A lot of volatility, If I had to put my money I would say the BEAR comes out.HeavensKrowhttps://www.blogger.com/profile/10734366225361399278noreply@blogger.comtag:blogger.com,1999:blog-7444476276287180978.post-78644459803483341942011-05-20T17:25:31.415-04:002011-05-20T17:25:31.415-04:00I'm a bear but I'm pretty sure the blind b...I'm a bear but I'm pretty sure the blind bulls will make the inverse H&S work on SPX and COMPQ.Gabrielhttps://www.blogger.com/profile/04130231105559602298noreply@blogger.comtag:blogger.com,1999:blog-7444476276287180978.post-67978306151987250302011-05-20T14:36:24.627-04:002011-05-20T14:36:24.627-04:00Nice presentation of the situation. I vote for th...Nice presentation of the situation. I vote for the bear for the next 2-3 months. After that, we have to wait.Anonymousnoreply@blogger.com