tag:blogger.com,1999:blog-12333088.post5397296178516526066..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: UpdateCarl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-12333088.post-74455263139417095082010-05-10T08:54:46.942-04:002010-05-10T08:54:46.942-04:00if nothing else this site provides some great ente...if nothing else this site provides some great entertainment...Kishore of course is always classic, Dave siting an oscillator that hes not really an expert on, and Dave Narby spewing conventional dogma like its something new...pure comedy.curthttps://www.blogger.com/profile/09514551447305140010noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-10885654503802181272010-05-09T21:45:15.687-04:002010-05-09T21:45:15.687-04:00DCATLOWPJ,, Yes it is a good question! I am lookin...DCATLOWPJ,, Yes it is a good question! I am looking for the 10y to move to 3.8% and then lower to 3%. (currently 3.43%). Other risk assets (stocks, etc.) should follow. <br /><br />With regard to this being the end of the bull market or not, keep in mind there is a very large WALL of CASH out there waiting to be put to work. But the gatekeepers to this WoC spend it very sparingly.qhttps://www.blogger.com/profile/04765040238539117221noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-44690383913442200632010-05-09T21:35:45.303-04:002010-05-09T21:35:45.303-04:00Futures are up quite nicely...glad I closed out my...Futures are up quite nicely...glad I closed out my short position.janethttps://www.blogger.com/profile/14522299190172253212noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-30236059374053822112010-05-09T21:05:52.614-04:002010-05-09T21:05:52.614-04:00Think about it this move beat the shorts to death ...Think about it this move beat the shorts to death all of the way up. <br /><br />I was doing research on all of the fibs corelating them with all of the various inflection points of Uranus and Venus aspects of 30 degrees against the closes for the DJI move from mar 6&9 2009 through april 23.<br /><br />It was in deed very rare in that the markets during this move up did not pause with the exception of a few hundred points.<br /><br />Shorts have a place in that they<br />cover when their purchase price when it comes down to them.<br /><br />Did this market look like the shorts were covering at various levels down?<br /><br />No because there were very few short players supporting the markets because they had already given up the ghost.<br /><br />There was no fat finger just missing dead short players creating this airpocket that I hope will get filled. <br /><br />Now we are going to have the reverse effect in that every time the longs come in they will get whacked at least eventually. <br /><br />This is entropy folks and the pot will boil over soon.ravenhttps://www.blogger.com/profile/16780882370735731615noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-85126099803441090162010-05-09T13:01:45.007-04:002010-05-09T13:01:45.007-04:00ZeroHedge and other blogosfear sites have an agend...ZeroHedge and other blogosfear sites have an agenda. <br />Yes, the markets are manipulated. They have always been. <br />The market manipulators have the capacity to move substantially the prices at their will (see minus 10% intraday) and are most probably tacitly endorsing/sponsoring such sites of the blogosfear space. The markets will head higher after finishing up shattering the ranks of small longs and providing a glimpse of hope as well as an enticing entry point to the bears.dimroushttps://www.blogger.com/profile/07939482665456718774noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-32537359415296823942010-05-09T10:34:51.718-04:002010-05-09T10:34:51.718-04:00The 3% who have faith are evidently responsible fo...The 3% who have faith are evidently responsible for the S&P trading at 1110 instead of at 0. <br /><br />So if one year from now the percentage who have faith increases from 3% to 6% we should expect the S&P rally to 2220.Carl Futiahttps://www.blogger.com/profile/01624989905417650273noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-63026798577056807832010-05-09T09:47:47.682-04:002010-05-09T09:47:47.682-04:00Carl, here is a poll conducted by ZeroHedge.
http...Carl, here is a poll conducted by ZeroHedge.<br /><br />http://www.zerohedge.com/content/do-you-have-faith-americas-capital-markets <br /><br />According to the poll, consisting of 750 votes, only 3% have faith in America's Capital markets, and 97% don't.<br /><br />Carl, assuming that those don't have faith in the capital markets will not be long term investors, where will the buyers come from, for continuation of an already overextended "bull market"?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-1862781710149047432010-05-09T09:34:40.926-04:002010-05-09T09:34:40.926-04:00Events like this remind me of minor earthquakes th...Events like this remind me of minor earthquakes that warn of "the big one".<br /><br />What happens when the states can't meet their pension obligations?<br /><br />They will look for help from the federal government, who will print up and gift them the 'money'.<br /><br />What happens when the fed gov't can't meet it's obligations because of collapsing tax revenues?<br /><br />They will 'ask' the Federal reserve to monetize the current debt, and issue some more so they can keep spending, devaluing the dollar.<br /><br />What happens when the world sees the reserve currency plunging in value?<br /><br />What happens when the oil producing nations stop taking dollars, and ask for something more tangible?<br /><br />Think it can't happen?<br /><br />It's happened before!<br /><br />This is the endgame of the old system. Anyone who thinks they can trade it? Good f*****g luck to them.Dave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-69553393786142126452010-05-08T13:32:37.564-04:002010-05-08T13:32:37.564-04:00I see the record volume of "TLT" and &qu...I see the record volume of "TLT" and "TBT" as 1 simple evidence of a FEAR SHOCK as ppl rushed to hide behind bonds. <br /><br />Well, call me a simple minded man if you wish, but I see lower bond prices and higher stock prices around the corner.Edwinhttps://www.blogger.com/profile/08996831560825424860noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-485200991039826412010-05-08T08:07:41.084-04:002010-05-08T08:07:41.084-04:00Market Karma - - now that was a great question! I...Market Karma - - now that was a great question! I would really enjoy a read regarding how to understand true roll-overs to the down side. Maybe the answer is built into Carl's assessments of his always-mentioned 1270 target....is that a tipping point and what will we see to determine it as such.dcatlowpjhttps://www.blogger.com/profile/03568127255552643343noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-65902316772416310082010-05-08T05:00:01.024-04:002010-05-08T05:00:01.024-04:00Hi Carl
the bearish cycle i spoke about last week ...Hi Carl<br />the bearish cycle i spoke about last week ends may 11th 13th which is next week. there is also another bullish cycle that begins <br />in early june and runs up into july into aug 3rd . i wanted to note something from lindseys articles , he spoke about the different 3 peaks domed house pattern, im seeing similarities with the oct 2009 to date pattern<br />and the pattern lindsey spoke about which ran from 1955 1956<br />it is not a perfect correlation yet nothing is , however i have the dow overlayed on it using closing numbers only and what is interesting is this creative thinking happens to fit with my own cycles work running into early 2011 so it is worth a bit of research even if you find yourself <br />doubting it .i should note while we did see a mini crash the dow never printed below the feb lows and it has not closed below it either . if the present correlation continues then we are about to go back up to 11166 again<br />and ill admit new highs are possible <br />good luck <br />joeAdsensehttps://www.blogger.com/profile/08031892140855200123noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-40488592643032069312010-05-07T16:39:27.187-04:002010-05-07T16:39:27.187-04:00Carl,, You have posted on the characteristics of a...Carl,, You have posted on the characteristics of a sell off that is a temporary correction to a bull market. Can you post the characteristics of a sell off that kicks off a new bear market so everyone knows what to expect. -MKqhttps://www.blogger.com/profile/04765040238539117221noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-84222608205408948922010-05-07T15:45:51.319-04:002010-05-07T15:45:51.319-04:00Jack,
That's complete BS.
If you were trading...Jack,<br /><br />That's complete BS.<br />If you were trading ES yesterday, at what point would you buy?<br /><br />1120?<br />1100?<br />1090?<br /><br />All major support was crashed and if you have any sort of risk management you would had gotten blown out. If not then your account would had probably gotten blown up at 1050.EricHhttps://www.blogger.com/profile/02832130458145600140noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-24695935435496328892010-05-07T15:39:55.076-04:002010-05-07T15:39:55.076-04:00Carl you should talk about the day you posted five...Carl you should talk about the day you posted five point box point and figure chart couple week ago stating how this was no bear market rally. That was the sign market had topped. Use yourself as a contrary indicator too. :) <br />MMXmarketmakerXhttps://www.blogger.com/profile/09874302583462668909noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-32981761303843676122010-05-07T15:39:55.077-04:002010-05-07T15:39:55.077-04:00/ES is making a series of lower highs. I wouldn.../ES is making a series of lower highs. I wouldn't be surprised to see 1060 retested before this downtrend takes a breather.Narayanahttps://www.blogger.com/profile/16989816354377520515noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-86718794969950104122010-05-07T15:01:15.046-04:002010-05-07T15:01:15.046-04:00Today, ES built some support at 1106. It looks lik...Today, ES built some support at 1106. It looks like that this support will be broken today or on Monday and the low at 1091 or 1054 will be tested.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-23884654349686536322010-05-07T14:52:32.462-04:002010-05-07T14:52:32.462-04:00prima, the adjusted mclellan oscillator was -113 y...prima, the adjusted mclellan oscillator was -113 yesterday. I readh that the adjusted mclellan oscillator moves between 100 and -100. Between -75 and -100 the market is considered oversold, when it gets below -100 is a technical bear market. <br /><br />I'm not an expert on this and you or Carl probably know more about it.Billhttps://www.blogger.com/profile/15515218349376008994noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-66153886506921974732010-05-07T14:45:05.855-04:002010-05-07T14:45:05.855-04:00This is not a bull market.
Anyone who looks at a ...This is not a bull market.<br /><br />Anyone who looks at a parabolic 998 point drop & bounce and still thinks everything is going to work out fine is fooling themselves.<br /><br />Market is broken, I'm now scaling into physical precious metals positions. Time to stop trading.<br /><br />Good luck to all.Dave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-20196677297961086762010-05-07T14:25:24.759-04:002010-05-07T14:25:24.759-04:00Bill,
I agree with your assessment of the credit ...Bill,<br /><br />I agree with your assessment of the credit markets in Europe; however, whether they actually seize up or not remains to be seen. <br /><br />I just took a look at the McClellon Os. you mentioned. It dropped to -400 back in June, dropped many times below -100 since then, dropped well below -100 in late October and again in January. What settings are you using for that Oscillator, so I can be sure I'm comparing apples to apples here?pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-26524884590828352372010-05-07T14:11:03.266-04:002010-05-07T14:11:03.266-04:00This volatility is the bread and butter of ES trad...This volatility is the bread and butter of ES traders (emphasis on scalps for a point or two).dcatlowpjhttps://www.blogger.com/profile/03568127255552643343noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-64733722127314204522010-05-07T14:08:49.690-04:002010-05-07T14:08:49.690-04:00EricH.
If you had bot the dip yesterday you would...EricH.<br /><br />If you had bot the dip yesterday you would have made a very, very nice profit before the trading was over!<br /><br />JackJackhttps://www.blogger.com/profile/08838737982456501892noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-65623581725258160002010-05-07T13:45:53.500-04:002010-05-07T13:45:53.500-04:00IMO a 2008 worldwide liquidity crisis has near zer...IMO a 2008 worldwide liquidity crisis has near zero probability. Look at the declining LIBOR and 10 yr treasury rates and spreads. This weekends election in Germany will likely trigger the upside move. A reversal in the 5 day ema in the VXX next week will also be a major buying signal. Thanks Carl for your informative posts.tempohttps://www.blogger.com/profile/09966485254241775857noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-29234834319776398922010-05-07T13:29:07.725-04:002010-05-07T13:29:07.725-04:00Great analysis Carl.
My take on it is the market ...Great analysis Carl.<br /><br />My take on it is the market will bounce back but it'll be followed by heavier selling to new lows. McLellan oscillator was below 100 yesterday I predict it'll be -130 to -140 at the end of today. Now this is very unusual for it to go below 100 and it indicates a technical bear market. So any bounce will be followed by heavy selling.<br /><br />We are at the same stage we were in October 2008, High volatility, drops and bounces. After the next bounce up the market will move down further to the 980 level. The credit markets are on the verge of seizing up in Europe and just like in October 2008 the majority don't see it.Billhttps://www.blogger.com/profile/15515218349376008994noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-19300249874740872352010-05-07T13:29:07.726-04:002010-05-07T13:29:07.726-04:00EricH, how do you know Carl did not buy? Maybe no...EricH, how do you know Carl did not buy? Maybe not yesterday at the low, but today when ES hit 1090. Carl does not post all his trades here, he certainly doesn't post what he does within his longer term retirement accounts.<br /><br />In Carl's book he explains that the task of the contrarian investor is not to pick tops and bottoms, but to end up with a performance that is better than the overall market. He accomplishes this by taking advantages of buying opps, times when a bull market has had a significant pullback.<br /><br />If Carl is right about new highs ahead, we have an incredible buying opportunity on our hands right now. BIG SALE happening all day today and maybe into next week. And who knows, we may even revisit the low and you can buy right at the bottom!<br /><br />(My word verification is "terds".)pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-49911049544586682292010-05-07T13:05:49.535-04:002010-05-07T13:05:49.535-04:00"Black Thursday - a buying opportunity "..."Black Thursday - a buying opportunity "<br /><br />If that's the case, how come you didn't buy anything??? The truth is, anyone that try to buy the dip yesterday would had gotten their ass handed to them. No one expected a -1000 point down day on the Dow.EricHhttps://www.blogger.com/profile/02832130458145600140noreply@blogger.com