tag:blogger.com,1999:blog-12333088.post7642675032811690994..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Why I coveredCarl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-12333088.post-86308909615633675042009-03-29T18:56:00.000-04:002009-03-29T18:56:00.000-04:00Hi Carl,I just added to my long position at 812.00...Hi Carl,<BR/><BR/>I just added to my long position at 812.00 just minutes ago, I think we're ready to move higher. I now have two long positions, the first at 784.00 and the second at 812.00, this gives me an average of 798.00 for both positions.<BR/><BR/>Thanks.<BR/><BR/>Kindest regards,<BR/><BR/>PMPMhttps://www.blogger.com/profile/00075052726630126469noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-27800806024889832152009-03-29T17:57:00.000-04:002009-03-29T17:57:00.000-04:00carl is not a permabull but he does admit to missi...carl is not a permabull but he does admit to missing the 2008 bear market. And now that the 2008bear market has already reached panic and price extremes, do you expect him to be bearish? Looks like you will have to wait many many months for carl to be bearish, that is assume he does not miss the next bear market again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-36271430431386754812009-03-29T07:23:00.000-04:002009-03-29T07:23:00.000-04:00was there a time when you have actually turned bea...was there a time when you have actually turned bearish ? this is an honest question, i just wonder if you are a permabull.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-6665731727968122282009-03-27T16:34:00.000-04:002009-03-27T16:34:00.000-04:00The volume today was extremely low. The short term...The volume today was extremely low. The short term top is in.<BR/><BR/>Sharp retracement drop may come in as early as Monday.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-9217723602973450092009-03-27T15:21:00.000-04:002009-03-27T15:21:00.000-04:00Things seem very sloppy today. Sideways through Mo...Things seem very sloppy today. Sideways through Monday with a sharp drop Tuesday and Wednesday feels right to me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-12442096601093097922009-03-27T15:11:00.000-04:002009-03-27T15:11:00.000-04:00Hi Carl,My model has been on a buy since we traded...Hi Carl,<BR/><BR/>My model has been on a buy since we traded above and closed above 787.20 on Monday. My work told me that the first overhead resistance price would be 821.50, we actually hit that price on Monday. The second overhead resistance price was 830.50, give or take, and it was also hit exactly. I'm not looking for credit here, but only to point out that this current weakness is to be expected as part of a 40 point pull back.<BR/><BR/>Also, late March is the end of the month and the end of the quarter; books are being squared and weakness is typical. I anticipate that April will be a bullish month with earnings season beginning and with the absolute worst earnings reports already factored into market prices. But, I don't think earnings will be as bad as expected. Therefore, I believe we can only move higher from here.<BR/><BR/>My next overhead resistance price is 968.70, give or take a few ticks, although I'll probably have one closer to the market once this corrective phase is completed and we resume the rally.<BR/><BR/>Meanwhile I remain long and plan to enjoy the ride. I believe the bear market ended on March 6th, but we're still going to see a choppy and very nervous market climb that proverbial "wall of worry" every step higher along the way.<BR/><BR/>Thanks.<BR/><BR/>Kindest regards,<BR/><BR/>PMPMhttps://www.blogger.com/profile/00075052726630126469noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-10962740001980372652009-03-27T15:06:00.000-04:002009-03-27T15:06:00.000-04:00hi carlwhat i think is going on is we got 1 2 3 4 ...hi carl<BR/>what i think is going on <BR/>is we got 1 2 3 4 5 and this <BR/>has been an expanding triangle <BR/>and in lindsays mid section count <BR/>it would be H this now calls for a move to around 8100 on the dow into point jj . my cycles turn upwards today so i give monday for the real move if this is going to hold . in an elliot wave pattern<BR/>we have just or we are about to complete wave b . hence 1 2 3 4 5<BR/>a b c d e ( expanding triangle 60 min chart ) we came to the apex <BR/>and are now turning up .<BR/>ive been bafflded the past several days and i have also been doubting my cycles . so maybe im wrong but that would be the most bullish count . point jj would be roughly <BR/>wednesday next week yet my cycles <BR/>point higher into april 10th which is the following week .<BR/>to soon to call it but my bias is we are now completing the B wave <BR/>it has untill mondays open to complete if it hasnt completed already. some clarity anyway <BR/>well see very soon <BR/>joeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-26198849500759257092009-03-27T14:45:00.000-04:002009-03-27T14:45:00.000-04:00Lately, there have been a lot of shake-downs and f...Lately, there have been a lot of shake-downs and fake-outs.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-17924490184597785632009-03-27T14:30:00.000-04:002009-03-27T14:30:00.000-04:00You did the right thing.A day in which first 30 mi...You did the right thing.<BR/><BR/>A day in which first 30 min range is broken 4 times on the upside and 4 times on the downside, is not one like keep position...a long time...<BR/><BR/>I still doubt the rally will last very long. Only a break above 830 could give some room to rally...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-5893528833436232512009-03-27T14:22:00.000-04:002009-03-27T14:22:00.000-04:00It's a very difficult market today. Short still se...It's a very difficult market today. Short still seems ok for a bit but short leash seems right.Anonymousnoreply@blogger.com