Comments on: Are We Oversold Enough To Bounce? http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html Freshly squeezed market commentary & analysis Mon, 01 Dec 2008 23:58:48 +0000 http://wordpress.org/?v=2.0.2 by: eq http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-34023 Fri, 04 Jul 2008 16:05:16 +0000 http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-34023 That is a liberal interpretation of where to put those little green arrows. There are many oversold points that lead to even more oversold. Ritholtz called a button earlier this week and the market took him out without blinking. Additionally, did you know this also held true in 1987............right before the crash?? Statistics and technical analysis are a function of fundamentals so they have a self-fulfilling prophesy. But, as fundamentals change, so therefore do technicals. We might get a small bounce within the next two weeks but I wouldn't be putting granny's money to work. Are you going to buy banks here? Or oil stocks that are trading at valuations not seen in our lifetime? Anyone who does might consider a new career as Bozo the clown. That is a liberal interpretation of where to put those little green arrows. There are many oversold points that lead to even more oversold. Ritholtz called a button earlier this week and the market took him out without blinking. Additionally, did you know this also held true in 1987…………right before the crash?? Statistics and technical analysis are a function of fundamentals so they have a self-fulfilling prophesy. But, as fundamentals change, so therefore do technicals. We might get a small bounce within the next two weeks but I wouldn’t be putting granny’s money to work. Are you going to buy banks here? Or oil stocks that are trading at valuations not seen in our lifetime? Anyone who does might consider a new career as Bozo the clown.

]]> by: Babak http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33772 Sat, 21 Jun 2008 17:40:17 +0000 http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33772 Vin, Cramer using TA? wow, that's weird. He always makes fun of it. I've never heard of a "Standard & Poor’s Oscillator" and neither has google apparently - apart from the recent mentions from Cramer in the link you provided. My hunch would be it is something that he got from Meisler or perhaps because of his limited TA knowledge he is missquoting somthing else. In any case he was horribly wrong as the 13th was actually a short term top! From ~1360 to below ~1320! I think Cramer should stick with wearing diapers and hitting big red buttons. Johan, nope, not even really close. I think it was in the teens. Vin, Cramer using TA? wow, that’s weird. He always makes fun of it. I’ve never heard of a “Standard & Poor’s Oscillator” and neither has google apparently - apart from the recent mentions from Cramer in the link you provided.

My hunch would be it is something that he got from Meisler or perhaps because of his limited TA knowledge he is missquoting somthing else. In any case he was horribly wrong as the 13th was actually a short term top! From ~1360 to below ~1320! I think Cramer should stick with wearing diapers and hitting big red buttons.

Johan, nope, not even really close. I think it was in the teens.

]]> by: Johan http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33766 Sat, 21 Jun 2008 07:50:56 +0000 http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33766 This signal should be alive now after fridays weak market. Can anyone confirm? This signal should be alive now after fridays weak market. Can anyone confirm?

]]> by: Vin http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33641 Mon, 16 Jun 2008 14:49:30 +0000 http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33641 Cramer says that we will rally from these levels. His prediction is based on S&P Oscillator. http://www.cnbc.com/id/25142167 Babak, have you ever looked of this oscillator? As I understand, this is proprietary and requires paid subscription, but I was not able to find any such oscillator on the S&P website. What do you think? Cramer says that we will rally from these levels. His prediction is based on S&P Oscillator.

http://www.cnbc.com/id/25142167

Babak, have you ever looked of this oscillator? As I understand, this is proprietary and requires paid subscription, but I was not able to find any such oscillator on the S&P website. What do you think?

]]> by: Bruce http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33635 Mon, 16 Jun 2008 07:04:53 +0000 http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33635 Cheers.... I would have thought "the market" wouldn't feel "technically satisfied", until it had...personally.... Cheers…. I would have thought “the market” wouldn’t feel “technically satisfied”, until it had…personally….

]]> by: Babak http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33630 Mon, 16 Jun 2008 03:41:11 +0000 http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33630 Bruce, definitely possible although to be honest I didn't envision a retest. <a href="http://www.tradersnarrative.com/sentiment-overview-week-of-june-13th-2008-1774.html" rel="nofollow">Sentiment</a> certainly seems muddled enough to make it possible. Jack, thanks for reminding me - I've fixed it (above). Vin, thanks for the compliment :-) quibbling over a 0.2% isn't really an edge the important thing is the weight of the indicators is much more important than any one specific measure. Bruce, definitely possible although to be honest I didn’t envision a retest. Sentiment certainly seems muddled enough to make it possible.

Jack, thanks for reminding me - I’ve fixed it (above).

Vin, thanks for the compliment :-)
quibbling over a 0.2% isn’t really an edge the important thing is the weight of the indicators is much more important than any one specific measure.

]]> by: Carnival of Financial Learning #4 | Financial Learn http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33619 Sun, 15 Jun 2008 13:54:43 +0000 http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33619 [...] Babak presents Are We Oversold Enough To Bounce? posted at Trader&#8217;s Narrative, saying, &#8220;A quick look at the internal structure of the stock market.&#8221; [...] […] Babak presents Are We Oversold Enough To Bounce? posted at Trader’s Narrative, saying, “A quick look at the internal structure of the stock market.” […]

]]> by: Sunday links: local biases « Abnormal Returns http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33618 Sun, 15 Jun 2008 13:36:18 +0000 http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33618 [...] Are we ready for a short-term bounce in the stock market? (Trader&#8217;s Narrative) [...] […] Are we ready for a short-term bounce in the stock market? (Trader’s Narrative) […]

]]> by: Vin http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33603 Sat, 14 Jun 2008 15:22:44 +0000 http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33603 This is my first post so let me start by saying that this is THE best financial blog, your data and analysis of data is excellent, very objective, relevant and right on the money.. Bravo, please keep up the great work. What is your take on 10.2% vs. the 10%? I say round it down and call it 10% or do you see a retest and breaking of 10% before we move up. Your insight on this will be greatly appreciated!! Personally, I've put all the money back into the market expecting a rally. This is my first post so let me start by saying that this is THE best financial blog, your data and analysis of data is excellent, very objective, relevant and right on the money.. Bravo, please keep up the great work.

What is your take on 10.2% vs. the 10%? I say round it down and call it 10% or do you see a retest and breaking of 10% before we move up. Your insight on this will be greatly appreciated!!

Personally, I’ve put all the money back into the market expecting a rally.

]]> by: Jack http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33593 Sat, 14 Jun 2008 12:13:13 +0000 http://www.tradersnarrative.com/are-we-oversold-enough-to-bounce-1772.html#comment-33593 That chart and its graphics looks eerily similar to the charts over at indexindicators.com. I'm wondering if this is from specific software and you two have the same chart provider. I'd hate to think you were snagging someone else's charts without attribution, especially given your own copyright policy, and his. Cheers That chart and its graphics looks eerily similar to the charts over at indexindicators.com.

I’m wondering if this is from specific software and you two have the same chart provider. I’d hate to think you were snagging someone else’s charts without attribution, especially given your own copyright policy, and his.

Cheers

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