Comments on: Canary in the Coal Mine? http://www.focalequity.com/2009/05/07/canary-in-the-coal-mine/ The Focal Point for All Traders Thu, 09 Sep 2010 23:36:52 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Shanky "Mr. Not So Long -again" http://www.focalequity.com/2009/05/07/canary-in-the-coal-mine/comment-page-1/#comment-61305 Shanky "Mr. Not So Long -again" Mon, 11 May 2009 03:50:57 +0000 http://www.stocktock.com/?p=13969#comment-61305 Nice work Mohan. I believe you are on to something my friend. Take care. Nice work Mohan. I believe you are on to something my friend. Take care.

]]> By: GucciMane http://www.focalequity.com/2009/05/07/canary-in-the-coal-mine/comment-page-1/#comment-60899 GucciMane Fri, 08 May 2009 11:41:28 +0000 http://www.stocktock.com/?p=13969#comment-60899 we need to ask Sosa. He'll find us a better deal we need to ask Sosa. He’ll find us a better deal

]]> By: jon http://www.focalequity.com/2009/05/07/canary-in-the-coal-mine/comment-page-1/#comment-60874 jon Fri, 08 May 2009 04:54:11 +0000 http://www.stocktock.com/?p=13969#comment-60874 exactly...he will be gone for a few days and then we wilget the news he is a CEO of big bnak/investment firm exactly…he will be gone for a few days and then we wilget the news he is a CEO of big bnak/investment firm

]]> By: dan http://www.focalequity.com/2009/05/07/canary-in-the-coal-mine/comment-page-1/#comment-60870 dan Fri, 08 May 2009 03:51:40 +0000 http://www.stocktock.com/?p=13969#comment-60870 The most important trendline right now is going up and not down. You guys trust the charts and only the charts right? The most important trendline right now is going up and not down. You guys trust the charts and only the charts right?

]]> By: Alex http://www.focalequity.com/2009/05/07/canary-in-the-coal-mine/comment-page-1/#comment-60867 Alex Fri, 08 May 2009 03:39:11 +0000 http://www.stocktock.com/?p=13969#comment-60867 Thanks! I had no idea it was this dramatic. Thanks! I had no idea it was this dramatic.

]]> By: Unersaettlich http://www.focalequity.com/2009/05/07/canary-in-the-coal-mine/comment-page-1/#comment-60864 Unersaettlich Fri, 08 May 2009 03:19:20 +0000 http://www.stocktock.com/?p=13969#comment-60864 We can hardly expect that line thru the gap to fit the candles precisely with so many touches over such a long period. Opinions differ as to what constitute a line break. Almost all want the bar to CLOSE on the other side of the line; some go so far as to want three consecutive bars to do so by a margin of at least 3%. However, that particular line is less interesting than the upper boundary of the wedge, which is a very good fit indeed. The long upper shadow on Thursday's candle spiked several converging resistances (including a downtrend not shown in the chart linked below), but fell back into a particularly long-bodied red candle on even higher volume than the previous day's huge number. Normally, I would call this a highly bearish chart, but who knows what will happen next? http://i43.tinypic.com/xlkt46.png We can hardly expect that line thru the gap to fit the candles precisely with so many touches over such a long period. Opinions differ as to what constitute a line break. Almost all want the bar to CLOSE on the other side of the line; some go so far as to want three consecutive bars to do so by a margin of at least 3%. However, that particular line is less interesting than the upper boundary of the wedge, which is a very good fit indeed. The long upper shadow on Thursday’s candle spiked several converging resistances (including a downtrend not shown in the chart linked below), but fell back into a particularly long-bodied red candle on even higher volume than the previous day’s huge number. Normally, I would call this a highly bearish chart, but who knows what will happen next?

http://i43.tinypic.com/xlkt46.png

]]> By: gunsgutsgold http://www.focalequity.com/2009/05/07/canary-in-the-coal-mine/comment-page-1/#comment-60859 gunsgutsgold Fri, 08 May 2009 02:33:44 +0000 http://www.stocktock.com/?p=13969#comment-60859 TMV 30YR 3X inverse was up nicely for the day, +9.48% TMV 30YR 3X inverse was up nicely for the day, +9.48%

]]> By: Mohan http://www.focalequity.com/2009/05/07/canary-in-the-coal-mine/comment-page-1/#comment-60853 Mohan Fri, 08 May 2009 01:49:43 +0000 http://www.stocktock.com/?p=13969#comment-60853 I tried both (touching the shadow as well as the body). The resistance is intact in both cases. I tried both (touching the shadow as well as the body). The resistance is intact in both cases.

]]> By: Mohan http://www.focalequity.com/2009/05/07/canary-in-the-coal-mine/comment-page-1/#comment-60852 Mohan Fri, 08 May 2009 01:44:46 +0000 http://www.stocktock.com/?p=13969#comment-60852 Rising yields = rising mortgage rates: Manageable when housing inventories are not this high. Devastating for a recovery that hasn't started yet. Here is another simple explanation: "The government had to pay greater interest than expected in a sale of 30-year Treasurys. That is worrisome to traders because it could signal that it will become harder for Washington to finance its ambitious economic recovery plans. The higher interest rates also could push up costs for borrowing in areas like mortgages." http://finance.yahoo.com/news/Traders-say-sell-ahead-of-apf-15176268.html?sec=topStories&pos=1&asset=&ccode= Rising yields = rising mortgage rates: Manageable when housing inventories are not this high. Devastating for a recovery that hasn’t started yet.

Here is another simple explanation:
“The government had to pay greater interest than expected in a sale of 30-year Treasurys. That is worrisome to traders because it could signal that it will become harder for Washington to finance its ambitious economic recovery plans. The higher interest rates also could push up costs for borrowing in areas like mortgages.”
http://finance.yahoo.com/news/Traders-say-sell-ahead-of-apf-15176268.html?sec=topStories&pos=1&asset=&ccode=

]]> By: Richard (permabear) http://www.focalequity.com/2009/05/07/canary-in-the-coal-mine/comment-page-1/#comment-60850 Richard (permabear) Fri, 08 May 2009 01:39:37 +0000 http://www.stocktock.com/?p=13969#comment-60850 thanks, have it on my radar ..............oooo o... dat looks so topply - but what doesnt?.... not many stocks look bottomy right now. what we need to decide is who will fall the hardest and the soonest and this has to be the one. puts on this makes more sense than SRS no? this market can't see past its own nose and if it aint failing this minute (CRE) then it gets the thumbs up. so im going to take a bigger position buying puts on this ETF and take those profits into a secondary postion on SRS. sadly, this strategy makes sense so its doomed.. .doomed i say. last time i took a decent position VSH and said don't follow it is doing everything i want. so don't follow this play as it is doomed :) thanks, have it on my radar …………..oooo o… dat looks so topply – but what doesnt?…. not many stocks look bottomy right now. what we need to decide is who will fall the hardest and the soonest and this has to be the one.

puts on this makes more sense than SRS no? this market can’t see past its own nose and if it aint failing this minute (CRE) then it gets the thumbs up. so im going to take a bigger position buying puts on this ETF and take those profits into a secondary postion on SRS. sadly, this strategy makes sense so its doomed.. .doomed i say.

last time i took a decent position VSH and said don’t follow it is doing everything i want. so don’t follow this play as it is doomed :)

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