tag:blogger.com,1999:blog-12333088.post1862533017989182373..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Updated range estimateCarl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-12333088.post-37869236418231969702010-03-18T04:37:02.570-04:002010-03-18T04:37:02.570-04:00This market is high on drugs..
The more it goes ...This market is high on drugs.. <br /><br />The more it goes up without small corrections, the bigger the final correction will be.Politiskt Inkorrekthttps://www.blogger.com/profile/16808489317637058318noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-47827910512018050772010-03-17T20:50:17.951-04:002010-03-17T20:50:17.951-04:00Carl,, I agree with your comment on tops ending wi...Carl,, I agree with your comment on tops ending with a bang as opposed to a whimper BUT I think this view needs to be placed in the proper context. I find it very common to see market tops take place with a "relative whimper" so to speak. In other words, the price action during the few days just before THE top may appear to be busy but relative to the price action during the weeks/months preceding, it is a whimper. For example, the action during July - Aug 2007 was incredibly volatile across all asset classes with some assets exhibiting their wildest single days in years. But by Oct 4, 2007 the SP500 action had truly quieted down to a whimper (relative to what was experienced the previous three months). And then THE top took place a few trading days after Oct 4, 2007. So did the Oct 2007 top take place with a whimper or a bang as you saw it? From this perspective I have described, major tops do indeed happen with a "relative whimper" and there are countless examples of this. Indeed, the condition of the global markets right now is ripe. -MKqhttps://www.blogger.com/profile/04765040238539117221noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-39720812659174502382010-03-17T16:05:50.242-04:002010-03-17T16:05:50.242-04:00Thanks for the post Carl. How do you arrive at th...Thanks for the post Carl. How do you arrive at the 1175 target?PortlockTraderhttps://www.blogger.com/profile/05346895053212741373noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-44580655020822783312010-03-17T12:47:11.665-04:002010-03-17T12:47:11.665-04:00It is quad opex week, so anything can happen, but ...It is quad opex week, so anything can happen, but it is interesting to note that today's price action so far is VERY similar to Dec 16th's. We are also very OB on an hourly basis - the same thing occurred in December.<br /><br />We then got a 23pt pullback that looked like it had potential for ugliness, but you pretty much nailed the range that day and the low stuck until the January sell off.<br /><br />Just a thought on what might happen.Denali92https://www.blogger.com/profile/13030620174489254267noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-16834415015780821962010-03-17T12:26:49.567-04:002010-03-17T12:26:49.567-04:00Buy a creeper sell a leaperBuy a creeper sell a leaperTim Mackhttps://www.blogger.com/profile/12184898696089038480noreply@blogger.com