tag:blogger.com,1999:blog-12333088.post6659859019620201172..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: unusual? yes - unprecedented? noCarl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-12333088.post-88823862571666262322013-05-23T10:36:54.687-04:002013-05-23T10:36:54.687-04:00Carl, thanks again for your comments, in reading y...Carl, thanks again for your comments, in reading your comments is it normal for the last leg up to match the first leg up? Or is that just what you believe will be the high at 1775 and then decide from that level ? Take care, Mikemikehttps://www.blogger.com/profile/01972229980734537390noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-80897076961341712922013-05-23T00:03:57.197-04:002013-05-23T00:03:57.197-04:00My positive/negative number finally exploded today...My positive/negative number finally exploded today, May 22. I was saying it had to get up to at least 11 because that's where the last few important highs have gotten up to. We've been bouncing around 5 to 9 for a while. Today the shorts finally gave up, and my positive/negative number jumped to 14.57, a number I have never seen before in over a decade of watching these numbers. We got up to 2.70 back at the highs in 2007, and that was the highest ever at the time. So this kind of number is mind-boggling, and it scares me to think what it might be leading to. We may bounce around a little here for a week or two at the most as it falls back and then runs up to 14 again a time or two, but we are essentially at a very, very important top.Robhttps://www.blogger.com/profile/08364808768001893094noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-15577558099729923132013-05-22T17:27:22.054-04:002013-05-22T17:27:22.054-04:00Additionally.....the FED has been subsidizing the ...Additionally.....the FED has been subsidizing the stock market since 9/11/2001. Its a fools game now....as in can you find a NEW fool to buy stocks from you at higher prices. The FED had to test the market today with its semi-hawkish comments to see what would happen....Stanely Druckenmiller recently called for this short term melt-up (not sure its done yet) and then, hes very long term bearish. Kelly Blainehttps://www.blogger.com/profile/16231139279999666806noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-69912538671106808422013-05-22T17:21:03.692-04:002013-05-22T17:21:03.692-04:00Carl....with all due respect, looking at historica...Carl....with all due respect, looking at historical SP500 charts alone is silly. The macro environment is completely different....from deficits to discount rates. There is absolutely no comparison on the MACRO level.Kelly Blainehttps://www.blogger.com/profile/16231139279999666806noreply@blogger.com