tag:blogger.com,1999:blog-12333088.post4840757344872963399..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: very bearish sentimentCarl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-12333088.post-67783651234167929472011-03-22T16:14:21.334-04:002011-03-22T16:14:21.334-04:00It is hard to tell right now. From a technical pe...It is hard to tell right now. From a technical perspective if the market is going to go down to 1230 it'll have to drop at least 30points by the end of the week (that would be normal after the strong rally we had from the lows last week) and the VIX go back up to 30. If that doesn't happen the bulls will have the upper hand. From a fundamental point of view it gets more complicated, the oil spike and tsunami did more damage to the economy than what the market is taking into account. Also earnings season starts in 3 weeks and company forecasts won't be as rosy and will reflect the damage done to the economy by recent events.Billhttps://www.blogger.com/profile/15515218349376008994noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-53009585537682234752011-03-22T14:34:23.944-04:002011-03-22T14:34:23.944-04:00Very interesting post, Carl, Thanks....Very interesting post, Carl, Thanks....dcatlowpjhttps://www.blogger.com/profile/03568127255552643343noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-29731869422458215212011-03-22T14:25:30.661-04:002011-03-22T14:25:30.661-04:00i tend to agree with you about the spx as well as ...i tend to agree with you about the spx as well as the bearish sentiment . however i also think that we will see a low point in early may and higher prices into mid july if not mid aug or sept before a bull market peak is seen.<br />my bias comes from my own cycles work and today is an important day for me . the 60 minutes transports chart looks like a 5 wave down pattern yet ill admit it is taking its sweet time extending lower as the dow has yet to break this mornings low . any close above 12031.50 on the dow would give me a bullish signal today . <br />good luck <br />joeAdsensehttps://www.blogger.com/profile/08031892140855200123noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-37583796907178295072011-03-22T14:12:20.278-04:002011-03-22T14:12:20.278-04:00Hey Carl, If you had April Calls for AAPL at 340 a...Hey Carl, If you had April Calls for AAPL at 340 and 350 would you roll them over for May or June?Simhttps://www.blogger.com/profile/18146959327921824557noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-54710204347950485882011-03-22T14:09:02.206-04:002011-03-22T14:09:02.206-04:00Carl,
Just as long as POMO continues to Pump we w...Carl,<br /><br />Just as long as POMO continues to Pump we will continue to go higher.<br /><br />Thanks for the update.<br /><br />JackJackhttps://www.blogger.com/profile/08838737982456501892noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-86245132754098658052011-03-22T12:54:28.263-04:002011-03-22T12:54:28.263-04:00What an insightful post and exactly what I needed ...What an insightful post and exactly what I needed to read this tough trading times!<br />Thank You.Navhttps://www.blogger.com/profile/06774693125142705115noreply@blogger.com