tag:blogger.com,1999:blog-6055535128640439225.post2566508947831821044..comments2024-03-04T12:15:11.944-05:00Comments on WEEKLY TECHNICAL COMMENTARY: TODAY'S BREAKOUTS & BREAKDOWNS (10-9)John C. Leehttp://www.blogger.com/profile/01697985036838910334noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6055535128640439225.post-53418173241411761302008-10-10T11:05:00.000-04:002008-10-10T11:05:00.000-04:00its still shaky. We don't have buyers buying right...its still shaky. We don't have buyers buying right now, that's the prob and since shorts just started, they're not much covering either.John C. Leehttps://www.blogger.com/profile/01697985036838910334noreply@blogger.comtag:blogger.com,1999:blog-6055535128640439225.post-42157511688280167612008-10-10T04:45:00.000-04:002008-10-10T04:45:00.000-04:00you don't think we have reached that point yesterd...you don't think we have reached that point yesterday?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6055535128640439225.post-88560547666460432742008-10-10T02:10:00.000-04:002008-10-10T02:10:00.000-04:00capitulation on massive volumecapitulation on massive volumeJohn C. Leehttps://www.blogger.com/profile/01697985036838910334noreply@blogger.comtag:blogger.com,1999:blog-6055535128640439225.post-81125806217545615532008-10-10T02:08:00.000-04:002008-10-10T02:08:00.000-04:00when is the first signal of a reaction rally john?...when is the first signal of a reaction rally john?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6055535128640439225.post-59013306757169997372008-10-10T00:38:00.000-04:002008-10-10T00:38:00.000-04:00word, but I'm still going long the reaction rally,...word, but I'm still going long the reaction rally, then switch it up.John C. Leehttps://www.blogger.com/profile/01697985036838910334noreply@blogger.comtag:blogger.com,1999:blog-6055535128640439225.post-23647347749902034242008-10-10T00:11:00.000-04:002008-10-10T00:11:00.000-04:00Wait for the market bounce and go short again. Th...Wait for the market bounce and go short again. This market is 1929 all over again. Look at chart for DOW in 1929 and compare. Stay Short!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6055535128640439225.post-42861625654562028912008-10-09T23:00:00.000-04:002008-10-09T23:00:00.000-04:00I too think it'll be short. The shorts, now that t...I too think it'll be short. The shorts, now that they're in the market, will do most of the buying when covering. <BR/><BR/>People can't buy cause they lost all their money! It will not be a sustained rally...just a chance for longs to sell at a sightly higher price than before, unless their stock is going bankrupt.John C. Leehttps://www.blogger.com/profile/01697985036838910334noreply@blogger.comtag:blogger.com,1999:blog-6055535128640439225.post-26413942998454450772008-10-09T22:46:00.000-04:002008-10-09T22:46:00.000-04:00I'm not personally sold on V shaped recovery high ...I'm not personally sold on V shaped recovery high volume capitulation day and then sharp rally... we've been capitulating for months in an orderly fashion (and not so orderly) we've been blowing through weekly and monthly bounce points without hesitation... this tells me contrarian momentum buying is gone (no one is going to defend the "oversold" oscillator)... based on the economic fundamentals and still rich valuations hedged value buyers will stay on the sidelines.... retail index fund investors continue to liquidate along with mutual fund investors and jimmy retail is selling to try and salvage his 401k.... worst of all commercial are leading the bear market down... forced to sell equities as these assets are some of their most liquid holdings next to commodities (margin calls hurt).... so if we bounce... WHO WILL DO THE BUYING?????????<BR/><BR/>In my opinion we will not bounce hard AT ALL.... any bounce that comes in the future will be led by these brand new short sellers covering.... the market will then move sideways in a state of apathy as the real fundamentals are slowly poured into the media spotlight and digested by a half dead market with no buyers and most importantly... fewer sellers. the market will then decide where it wants to go from there...<BR/><BR/>but hey that's my opinion....Larry Arndthttps://www.blogger.com/profile/10619991912089326987noreply@blogger.com