tag:blogger.com,1999:blog-12333088.post896142334907052008..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: a 50-75 point drop is imminentCarl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-12333088.post-23108184611363032972010-12-10T09:03:40.623-05:002010-12-10T09:03:40.623-05:00What? No Santa-rally? But I need my Red Ryder BB...What? No Santa-rally? But I need my Red Ryder BB gun.Unknownhttps://www.blogger.com/profile/17447886476350990593noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-52028057226979630462010-12-10T07:59:22.376-05:002010-12-10T07:59:22.376-05:00Enormously high sentiment across the board (AAII, ...Enormously high sentiment across the board (AAII, II, put-call ratio) plus many unfilled gaps, low volume, reversals again on the HUI shares, a bad Chines stock market makes this move down not just a light retreat. Bombs away when it finally breaks.Unknownhttps://www.blogger.com/profile/10527759536697328866noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-91289526790187052312010-12-09T21:40:33.097-05:002010-12-09T21:40:33.097-05:00that is why you scale into your shorts. You can n...that is why you scale into your shorts. You can never time the top and if you don't get in before the drop, you never will.MKShttps://www.blogger.com/profile/06792591935160834398noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-44899187625709504912010-12-09T18:33:14.924-05:002010-12-09T18:33:14.924-05:00Bill, my question was to determine positions, eith...Bill, my question was to determine positions, either start short now or wait till 1250 area. With short ETF's decay can kill you with 15-2 points. So... either get out of shorts now, take your medicine and wait with short position initiated, or wait till 1250 area and start a short position. If 1250 hits prior to drop, the smart move is to wait, thus the question of Carl.Ron Rhttps://www.blogger.com/profile/02549149165792988831noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-54023837167403437192010-12-09T16:17:27.881-05:002010-12-09T16:17:27.881-05:00Carl, great analysis. This is great stuff, diffic...Carl, great analysis. This is great stuff, difficult to discern. Great work.<br /><br />Ron whether the market reaches 1250 or not it's still not worth it when the downside potential exceeds the upside.Billhttps://www.blogger.com/profile/15515218349376008994noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-83636406194205568352010-12-09T15:40:27.074-05:002010-12-09T15:40:27.074-05:00basically I m expecting a new very fast ascent wit...basically I m expecting a new very fast ascent with fast new highs around 1313 pts in the standard S&P before a much larger drop to around 1044. Cheers. MCMChttps://www.blogger.com/profile/05620819713487587168noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-89612320786881073782010-12-09T15:32:59.475-05:002010-12-09T15:32:59.475-05:00Ron:
Probably.Ron:<br /><br />Probably.Carl Futiahttps://www.blogger.com/profile/01624989905417650273noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-19271151255834970132010-12-09T13:49:26.257-05:002010-12-09T13:49:26.257-05:00Carl does 1250 come prior to the 50-75 point drop?...Carl does 1250 come prior to the 50-75 point drop?Ron Rhttps://www.blogger.com/profile/02549149165792988831noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-36960122878202637952010-12-09T12:24:07.532-05:002010-12-09T12:24:07.532-05:00a drop to SPX 1,150 cash would give it a 38.2% Fib...a drop to SPX 1,150 cash would give it a 38.2% Fibonacci retracement. A nice pause to refresh.Edwinhttps://www.blogger.com/profile/08996831560825424860noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-21175796976722948482010-12-09T12:06:15.931-05:002010-12-09T12:06:15.931-05:00Janet:
50-75 points in the S&P.Janet:<br /><br />50-75 points in the S&P.Carl Futiahttps://www.blogger.com/profile/01624989905417650273noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-21109011574365578972010-12-09T12:04:23.583-05:002010-12-09T12:04:23.583-05:00Your saying a 50 to 75 point drop in the S&P n...Your saying a 50 to 75 point drop in the S&P not the dow right??? TIAjanethttps://www.blogger.com/profile/14522299190172253212noreply@blogger.com