AND THE LORD SPOKE AND "MARKET THOU HATH BOTTOMED."
I reiterate, the foolishness of such calls, but as I read this morning. I'm going to document the bottom calls.
- TK... Calls for a developing inverted Head and Shoulders. Sugjests "KD Bar the door"
- Trader feed says the low is in. P.S. - Stocks with notably positive money flows this past week include AA, CAT, DD, GE, HPQ, JNJ, JPM, MCD, MMM, PG, UTX, and VZ.
- quantifyable edges, this was posted friday
- Y'all didn't notice, but after I said that barry was looking for 1929, he came by, and said he had made 2 "bullish calls". I'm not going to link him, because he will show up and I'll have to spend time argueing with him. For Regular readers, There is nothing I hate more than "Bullshit Hedger speak", It's one thing to say "I don't know, or it's this or this I think... and probably "this". But to say things that you arn't acountable for, is a waist of time. This also accounts for TA which is "We went down today... We go down tomorrow" "We went up today, We will continue".... It's useless.
- He did have that post calling for "Biggest rally since 1929".... And I quote him "Combine the technical and sentiment factors with the government bailout, and you have the makings of a powerful -- but likely temporary -- rally.".... ("My comment:What temporary is is anyones guess, a 1000 point rally is a powerfull,but temporary rally" )
- He posted his post that the 50% point of the previous downturn, should create a rally. To quote. "That 50% retrace is where one would expect to see some sort of *rally*. I don't expect it to last very long, and its really a long term selling opportunity" "MY comment: We have had" some sort of 'Rally' " what 'last long' mean is hedger speak... A year, 6 months, 3 months, a week, 1 month.
- There is a post about fear has returned to the market and I quote: "The only question for traders is whether or not this sell off is closer to the ones seen over the past 2 years (in which case you can buy 'em here) or more like the 2000- 03 period (in which case we have more selling to go)." My comment: this is the first real trader talk I've heard from him, where "there is a rally, but not sure where it's going", One can make a case that this is bullish vaguly.
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