Comments on: Beware of a Sharp Reversal http://www.focalequity.com/2008/11/18/beware-of-a-sharp-reversal/?utm_source=rss&utm_medium=rss&utm_campaign=beware-of-a-sharp-reversal Tue, 24 Jan 2012 18:53:55 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Sid Down Under http://www.focalequity.com/2008/11/18/beware-of-a-sharp-reversal/comment-page-1/#comment-12360 Sid Down Under Wed, 19 Nov 2008 19:27:52 +0000 http://www.stocktock.com/?p=9480#comment-12360 Has anybody noticed that the RUT took out intraday lows by a wide margin today? Just curious. Has anybody noticed that the RUT took out intraday lows by a wide margin today? Just curious.

]]> By: Sid Down Under http://www.focalequity.com/2008/11/18/beware-of-a-sharp-reversal/comment-page-1/#comment-12353 Sid Down Under Wed, 19 Nov 2008 19:25:45 +0000 http://www.stocktock.com/?p=9480#comment-12353 I heard that on the video too. Last week, I heard Tony C say that we were heading into the mother of all crashes. We weren't. Maybe we are this week, but now Tony C is short term bullish, Gay Ron Teed! The moral of the story is, Tony C is as likely to be right as you, me or anyone else on this board. I heard that on the video too. Last week, I heard Tony C say that we were heading into the mother of all crashes. We weren’t. Maybe we are this week, but now Tony C is short term bullish, Gay Ron Teed!

The moral of the story is, Tony C is as likely to be right as you, me or anyone else on this board.

]]> By: Schweizer135 http://www.focalequity.com/2008/11/18/beware-of-a-sharp-reversal/comment-page-1/#comment-12094 Schweizer135 Wed, 19 Nov 2008 13:52:12 +0000 http://www.stocktock.com/?p=9480#comment-12094 Seems everyone is talking a pop based on option-x. Well, the max pain was even worse in September and no rally materialized. Futures show no sign of a mad rush to drive up stocks. And as for yesterday's last hour push, it was just daytrader short covering when the market did not breakdown as they had expected; they had been placing short orders the whole day. In the last hour they were forced to place a huge wave of buy orders "at market" to cover and the price ramped until all orders filled. most at higher prices, even into afterhours. I believe this is EXACTLY what happened last Thursday as well, which was totally reversed the next day if you recall. This is NOT bullish. This is not new buying. BEWARE. Each call for a rally lately finds no REAL new buyers, so don't be surprised if it just simply doesn't happen or is rather muted due to the overhead resistance which is substantial. Seems everyone is talking a pop based on option-x. Well, the max pain was even worse in September and no rally materialized. Futures show no sign of a mad rush to drive up stocks.

And as for yesterday’s last hour push, it was just daytrader short covering when the market did not breakdown as they had expected; they had been placing short orders the whole day. In the last hour they were forced to place a huge wave of buy orders “at market” to cover and the price ramped until all orders filled. most at higher prices, even into afterhours. I believe this is EXACTLY what happened last Thursday as well, which was totally reversed the next day if you recall. This is NOT bullish. This is not new buying. BEWARE.

Each call for a rally lately finds no REAL new buyers, so don’t be surprised if it just simply doesn’t happen or is rather muted due to the overhead resistance which is substantial.

]]> By: deepak http://www.focalequity.com/2008/11/18/beware-of-a-sharp-reversal/comment-page-1/#comment-12089 deepak Wed, 19 Nov 2008 13:21:53 +0000 http://www.stocktock.com/?p=9480#comment-12089 I totally agree. I totally agree.

]]> By: Valerie http://www.focalequity.com/2008/11/18/beware-of-a-sharp-reversal/comment-page-1/#comment-12088 Valerie Wed, 19 Nov 2008 13:19:00 +0000 http://www.stocktock.com/?p=9480#comment-12088 I've tracked Tony's video's since Flag Hal Mast against market movement and this guy has been off more than on in his predictions. In fact many of the charts I see posted are becomingly increasingly off target. Face it - charts work when the marlet is moving from internal rather than eternal (fed intervention; political hooplah, etc) factors. The I trust the charts mantra is not gospel these days. Don't agree? Youtube the variety of charts being posted. If charts do not lie how can there be so many interpretations of charts and so many forecasts of where the charts will go from here? Survival mode is where to be right now. Don't take anyone's advice as gospel. Not Craig's, not anyone else's. The model is broken because of external tampering. Day trade with tight stops on days you can be close to market coverage and your laptop. I’ve tracked Tony’s video’s since Flag Hal Mast against market movement and this guy has been off more than on in his predictions. In fact many of the charts I see posted are becomingly increasingly off target. Face it – charts work when the marlet is moving from internal rather than eternal (fed intervention; political hooplah, etc) factors. The I trust the charts mantra is not gospel these days. Don’t agree? Youtube the variety of charts being posted. If charts do not lie how can there be so many interpretations of charts and so many forecasts of where the charts will go from here?

Survival mode is where to be right now. Don’t take anyone’s advice as gospel. Not Craig’s, not anyone else’s. The model is broken because of external tampering. Day trade with tight stops on days you can be close to market coverage and your laptop.

]]> By: stevec http://www.focalequity.com/2008/11/18/beware-of-a-sharp-reversal/comment-page-1/#comment-12081 stevec Wed, 19 Nov 2008 08:43:36 +0000 http://www.stocktock.com/?p=9480#comment-12081 In fact, Tony C's been *consistently* wrong going back even further. Recall his videos "flags half-mast" and "seat belts & crash helmets required" during the 3rd and 4th weeks of Oct. He even called for a shutdown of the markets for several days, due to massive crash... Don't know why people think he's so great. I suppose if you post enough videos, eventually you'll get one right. I'm just glad I never traded on his predictions. I'd be broke by now. In fact, Tony C’s been *consistently* wrong going back even further. Recall his videos “flags half-mast” and “seat belts & crash helmets required” during the 3rd and 4th weeks of Oct. He even called for a shutdown of the markets for several days, due to massive crash… Don’t know why people think he’s so great. I suppose if you post enough videos, eventually you’ll get one right. I’m just glad I never traded on his predictions. I’d be broke by now.

]]> By: tom http://www.focalequity.com/2008/11/18/beware-of-a-sharp-reversal/comment-page-1/#comment-12078 tom Wed, 19 Nov 2008 06:17:04 +0000 http://www.stocktock.com/?p=9480#comment-12078 I like Tony's videos but he has been wrong the last three times of where he though the market was going the next day. Check his last Thursday, Friday and weekend videos. Again, great videos but....hmmm. I like Tony’s videos but he has been wrong the last three times of where he though the market was going the next day. Check his last Thursday, Friday and weekend videos. Again, great videos but….hmmm.

]]> By: Jerry48 http://www.focalequity.com/2008/11/18/beware-of-a-sharp-reversal/comment-page-1/#comment-12076 Jerry48 Wed, 19 Nov 2008 05:40:01 +0000 http://www.stocktock.com/?p=9480#comment-12076 http://www.financialsense.com/Market/wrapup.htm Strong case made in this article for rally over the next few days. Number of charts on the financial indices, GS, BAC, S&P etc. http://www.financialsense.com/Market/wrapup.htm
Strong case made in this article for rally over the next few days. Number of charts on the financial indices, GS, BAC, S&P etc.

]]> By: Scott http://www.focalequity.com/2008/11/18/beware-of-a-sharp-reversal/comment-page-1/#comment-12071 Scott Wed, 19 Nov 2008 04:11:43 +0000 http://www.stocktock.com/?p=9480#comment-12071 Unless there's a rabbit to be pulled out of a hat, no way they'll get the 25b. Republicans have said no and so has Bush. They'll have to come back, hat in hand again after January 20th and try again. Tony C's video makes me happy I bought TNA near the low today and decided to hold. I just hope any downturns don't scare me out. lol I'm very ready for this last leg down. I want it to happen and then we can enjoy a couple months of up and sideways. Unless there’s a rabbit to be pulled out of a hat, no way they’ll get the 25b. Republicans have said no and so has Bush. They’ll have to come back, hat in hand again after January 20th and try again.

Tony C’s video makes me happy I bought TNA near the low today and decided to hold. I just hope any downturns don’t scare me out. lol

I’m very ready for this last leg down. I want it to happen and then we can enjoy a couple months of up and sideways.

]]> By: JamesBrrando http://www.focalequity.com/2008/11/18/beware-of-a-sharp-reversal/comment-page-1/#comment-12068 JamesBrrando Wed, 19 Nov 2008 03:59:36 +0000 http://www.stocktock.com/?p=9480#comment-12068 Big AutoMaker Bailout Decision TOmorrow...i think....futures are down a bit..any reason to believe the big 3 clowns get their money? Big AutoMaker Bailout Decision TOmorrow…i think….futures are down a bit..any reason to believe the big 3 clowns get their money?

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