[DrBubb]

Winning in the market takes nerve - going against crowds
I was "sitting on the fence, waiting for the turn"
=====================================

TOO MUCH BEARISH NESS ?

Have you seen the market today?

The Last Five days : SPX versus Major Oils (XLE), Crude (USO), and Semi-conductors (SMH) ... update


= = = =

Latest Commodity Watch Radio podcast, recorded Monday when markets were down big.

Sitting on the Fence, Waiting for the Turn:

Trader Michael Hampton is looking for a turn in the markets, but at the moment it hasn’t come now. He likes oil and oil stocks, but for now he finds himself ’sitting on the fence’ .

http://commoditywatch.podbean.com/
"The next move, when it comes, will be a very dramatic one."
"10-20 or 30% in a short time." :

Dominic asks : "Astrology? Is that now all mumbo-jumbo ?"
RESULTS should speak for themselves. (I'm a practical person. If it works, I want to use it.)

[libspero]

DrBubb, on Mar 10 2009, 03:01 PM, said:

Winning in the market takes nerve - going against crowds
I was "sitting on the fence, waiting for the turn"
=====================================

TOO MUCH BEARISH NESS ?


"The next move, when it comes, will be a very dramatic one."
"10-20 or 30% in a short time." :

Not quite sure what you are getting at old bean, you think the stockmarket has bottomed and that it is up all the way from here, or just a bounce?

What are you basing it on.. or just charting?

[PotNoodle]

I think it was generally accepted, and fairly obvious, that successive bad
news reports were not driving the FTSE and Dow any lower.
There was a clear resistance to further selloffs and this was a clear indicator that
an upturn was in the offing.
Hardly surprising that we got a mini rally yesterday/today.

[DrBubb]

libspero, on Mar 10 2009, 04:11 PM, said:

Not quite sure what you are getting at old bean, you think the stockmarket has bottomed and that it is up all the way from here, or just a bounce?
What are you basing it on.. or just charting?

Try listening to the Podcast

Surfice it to say, I bought a boatload last Thursday, mostly Oils and some Berkshire Hathaway

[Joey Buttafueco Jr]

maybe we could get another prediction from FP.....

[PotNoodle]

DrBubb, on Mar 10 2009, 03:46 PM, said:

some Berkshire Hathaway

Good luck

[grumpy-old-man-returns]

Noel, on Mar 10 2009, 03:48 PM, said:

maybe we could get another prediction from FP.....

I never tire of this one....

[libspero]

DrBubb, on Mar 10 2009, 03:46 PM, said:

Try listening to the Podcast

Surfice it to say, I bought a boatload last Thursday, mostly Oils and some Berkshire Hathaway

Mmm... astrology? You might be right about a bounce but I think you are brave to mention that

[Frank Sidebottom]

SPX numbers to keep an eye on (in ascending order) are:

720; 742; 780; 805 (give or take 2-3 points)

Unless 666 is broken down again - then, who knows.

My 2p

Edit: I'm actually sitting this one out until I've seen how big the pull back is. I'm with Dr B on the general thrust, and it could go straight up for the next week or two, but I'm still a little nervous this may be a bull trap. It's all based on Pandit's (Citi) internal memo - which is about as flimsy an excuse to rally I can think of.

This post has been edited by Red Kharma: 10 March 2009 - 05:32 PM

[ParticleMan]

5Y TIPS might be an interesting play, too.

[arsenal20]

is this the case for the FTSE as well

[sillybear2]

DrBubb, on Mar 10 2009, 03:46 PM, said:

Try listening to the Podcast

Surfice it to say, I bought a boatload last Thursday, mostly Oils and some Berkshire Hathaway

Why buy Berkshire Hathaway, cut to the chase and just sell some puts yourself

[Methinkshe]

DrBubb, on Mar 10 2009, 03:46 PM, said:

Try listening to the Podcast

Surfice it to say, I bought a boatload last Thursday, mostly Oils and some Berkshire Hathaway

Suffice

[Nicholas Cage]

Nothings happened so far

[Methinkshe]

Nicholas Cage, on Mar 10 2009, 06:08 PM, said:

Nothings happened so far

You mean that you are discounting today's 300 point rally on the DOW?