I um the momentum seems like it's over and we may see some bounce soon...
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
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Are you using tick data to judge when the primary and secondary mo changes?
Do you have it set at "tick" or "1-minute" or what time interval?
welll... yes roughly... High spike in tick will accompany the Momentum low... then a Lesser tick value will accompany the secondary low.
I use a Point and figure.... Tick is an oscillator... and it is more important "how long" the ticks are at -300 than that they hit -300
as a point and figure I use a .25 box and a 3 reversal.
so you are looking at the range of the Tick value... and then the Moving average...
but this market doesn't want to bounce... if it does bounce it will only be for a little bit I think... like an hour or 1.5 hours.
Your boy Terranova drumming up "fear-based" buying of oil.... and weak dollar.
He's buying PBR.
Like nobody has seen the huge Treasury auction on the schedule this week.
at one point someone may suggest that ... "Strong dollar"...
I'm having a tough time....
wimbledon... Iran.... It's hard to be willing to listen to Kudlow..
it's good to see teranova back to his old foolishness isn't it...
Yup, I'm watching Mickelson try to win the US Open for his wife...
..not working out for Philly.
one of those other guys was all "buy the dip"... you don't get "Buy the dip" at a bottom...
but T-lo is proably right there will be some shake and shimmy...
but... we need things to get Bearish....
Watched AAPL do the test of top this am. No position, but AAPL is great proxy for consumer, electronics and tech.
AAPL has to reduce prices and offer incentives to get the unit sales.
I think they need to cure cancer... or whatever Jobs has to get higher...
need to find some "Greater Fools"...
Greater fools than the Jesus phone...
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