Comments on: Nasdaq Relative Strength Continues To Rise http://www.tradersnarrative.com/nasdaq-relative-strength-continues-to-rise-2264.html Freshly squeezed market commentary & analysis Mon, 22 Mar 2010 06:39:48 +0000 http://wordpress.org/?v=2.0.2 by: RP http://www.tradersnarrative.com/nasdaq-relative-strength-continues-to-rise-2264.html#comment-37012 Fri, 06 Feb 2009 19:44:37 +0000 http://www.tradersnarrative.com/nasdaq-relative-strength-continues-to-rise-2264.html#comment-37012 There are inverted H and S patterns in practically every index. But there is also a lot of resistance and selling pressure. There could however be a big short squeeze on the financials- JPM, BAC and C seem prime candidates for that. There are inverted H and S patterns in practically every index. But there is also a lot of resistance and selling pressure. There could however be a big short squeeze on the financials- JPM, BAC and C seem prime candidates for that.

]]> by: W. Peary http://www.tradersnarrative.com/nasdaq-relative-strength-continues-to-rise-2264.html#comment-36978 Fri, 06 Feb 2009 01:49:28 +0000 http://www.tradersnarrative.com/nasdaq-relative-strength-continues-to-rise-2264.html#comment-36978 We are in a bear market rally that maybe has another week or two before more downside begins based upon the intermediate timing tools I use including the McClellan Summation Index, the Cumulative Volume Index, and the weekly Short Term Volume And Price Oscillator which have all pointed up until recently while the market has made no headway whatsoever. This tells me, the lack of strength is likely to resolve to the downside rather than suddenly catching up with a surge of strength. Be on guard and tighten stops. By the way, in reference to an earlier comment, with total credit market debt approaching $20 trillion, the Fed is not going to be able to monetize their way out of this economic downturn even if it directly bought half of the bonds and notes issued to fund the deficit, which it has never done. The lack of private sector borrowing virtually guarantees continued deflationary pressures for a long time unless we can induce massive private sector borrowing again. Nationalization of banks anyone? We are in a bear market rally that maybe has another week or two before more downside begins based upon the intermediate timing tools I use including the McClellan Summation Index, the Cumulative Volume Index, and the weekly Short Term Volume And Price Oscillator which have all pointed up until recently while the market has made no headway whatsoever. This tells me, the lack of strength is likely to resolve to the downside rather than suddenly catching up with a surge of strength. Be on guard and tighten stops.
By the way, in reference to an earlier comment, with total credit market debt approaching $20 trillion, the Fed is not going to be able to monetize their way out of this economic downturn even if it directly bought half of the bonds and notes issued to fund the deficit, which it has never done. The lack of private sector borrowing virtually guarantees continued deflationary pressures for a long time unless we can induce massive private sector borrowing again. Nationalization of banks anyone?

]]> by: ALG http://www.tradersnarrative.com/nasdaq-relative-strength-continues-to-rise-2264.html#comment-36961 Thu, 05 Feb 2009 17:08:22 +0000 http://www.tradersnarrative.com/nasdaq-relative-strength-continues-to-rise-2264.html#comment-36961 I am idly working on a personal indicator that diminishes relative strength of financials - within my overall direction sentiment, and am trying to figure out the relative correlation #s. Thanks for providing some food for thought! I am idly working on a personal indicator that diminishes relative strength of financials - within my overall direction sentiment, and am trying to figure out the relative correlation #s.

Thanks for providing some food for thought!

]]> by: Aristotle http://www.tradersnarrative.com/nasdaq-relative-strength-continues-to-rise-2264.html#comment-36959 Thu, 05 Feb 2009 16:36:18 +0000 http://www.tradersnarrative.com/nasdaq-relative-strength-continues-to-rise-2264.html#comment-36959 Is this the RSI? If so, what period is it measuring. If not, how is this calculated? Thanks! Is this the RSI? If so, what period is it measuring. If not, how is this calculated?

Thanks!

]]> by: blues http://www.tradersnarrative.com/nasdaq-relative-strength-continues-to-rise-2264.html#comment-36956 Thu, 05 Feb 2009 15:19:37 +0000 http://www.tradersnarrative.com/nasdaq-relative-strength-continues-to-rise-2264.html#comment-36956 Yes bull don't need financial sector to rally, BUT NOT WITH FINANCIAL SECTOR AT 0... IF our financial system fails, will there be a market left? No bull nor bears... we are in deep sh** here. Either we have a massive deflation or a massive inflation... IF OTHER COUNTRY WILL NO LONGER buy our IOU and FED start buying, sh** we going to monetizing our debt which will nuke USD! So however much money you make will get nuke instantly by inflation. Or else we will have to pay back the debt by working hard. But the problem WILL THERE BE ANY WORK LEFT FOR AMERICANS? American can not compete with Chinese nor Southern American countries. Sh** American had too easy of life for waaaay too long (fu**ing unions)... So hard work? not a chance... so massive deflation worst then the GREAT DEPRESSION, YES... So we are fu** either way, I don't know how people like you keep thinking market will be going up JUST BECAUSE IT WENT DOWN SO MUCH( your definition of so much). I hope you are not in the group of http://carlfutia.blogspot.com/ which in my mind, is AN IDIOT! SPX go to 1600s??!! WTF? Yes bull don’t need financial sector to rally, BUT NOT WITH FINANCIAL SECTOR AT 0… IF our financial system fails, will there be a market left? No bull nor bears… we are in deep sh** here. Either we have a massive deflation or a massive inflation… IF OTHER COUNTRY WILL NO LONGER buy our IOU and FED start buying, sh** we going to monetizing our debt which will nuke USD! So however much money you make will get nuke instantly by inflation. Or else we will have to pay back the debt by working hard. But the problem WILL THERE BE ANY WORK LEFT FOR AMERICANS? American can not compete with Chinese nor Southern American countries. Sh** American had too easy of life for waaaay too long (fu**ing unions)… So hard work? not a chance… so massive deflation worst then the GREAT DEPRESSION, YES… So we are fu** either way, I don’t know how people like you keep thinking market will be going up JUST BECAUSE IT WENT DOWN SO MUCH( your definition of so much).
I hope you are not in the group of http://carlfutia.blogspot.com/ which in my mind, is AN IDIOT! SPX go to 1600s??!! WTF?

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