Comments on: LET’S GET TECHNICAL – OVERHEAD RESISTANCE http://pragcap.com/lets-get-technical-4 Sat, 11 Feb 2012 22:06:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: KK R http://pragcap.com/lets-get-technical-4/comment-page-1#comment-8991 KK R Sun, 15 Nov 2009 19:52:17 +0000 http://pragcap.com/?p=12543#comment-8991 What makes you say India will not head in the same direction US is going to. I trade S&P CNX Nifty (Indian version of S&P 500, although Nifty is just 50 stocks). The correlation between Nasdaq and Nifty is at the highest right now. What makes you say India will not head in the same direction US is going to. I trade S&P CNX Nifty (Indian version of S&P 500, although Nifty is just 50 stocks). The correlation between Nasdaq and Nifty is at the highest right now.

]]> By: Rob http://pragcap.com/lets-get-technical-4/comment-page-1#comment-8829 Rob Wed, 11 Nov 2009 21:52:00 +0000 http://pragcap.com/?p=12543#comment-8829 This is the pattern I see. I bet the S&P500 closes above 1,100 sometime this week or next (maybe tomorrow), probably touching 1,116. Then a pull back of 5%-6% to about 1050 or 1060. Then another run up over 1,100 and test the 1,116. If it closes above 1,116 a couple times then on to 1,200. If not then maybe the slightly larger correction everyone has been waiting for is finally in the cards. Whatever happens. Most every major world stock market (except China and India) will be going more or less in the same direction at the same time and the dollar will be doing the opposite. This is the pattern I see. I bet the S&P500 closes above 1,100 sometime this week or next (maybe tomorrow), probably touching 1,116. Then a pull back of 5%-6% to about 1050 or 1060. Then another run up over 1,100 and test the 1,116. If it closes above 1,116 a couple times then on to 1,200. If not then maybe the slightly larger correction everyone has been waiting for is finally in the cards.

Whatever happens. Most every major world stock market (except China and India) will be going more or less in the same direction at the same time and the dollar will be doing the opposite.

]]> By: TPC http://pragcap.com/lets-get-technical-4/comment-page-1#comment-8819 TPC Wed, 11 Nov 2009 19:12:41 +0000 http://pragcap.com/?p=12543#comment-8819 I'll take the other side of that bet. +4. I’ll take the other side of that bet. +4.

]]> By: SpiderTrader http://pragcap.com/lets-get-technical-4/comment-page-1#comment-8818 SpiderTrader Wed, 11 Nov 2009 19:05:55 +0000 http://pragcap.com/?p=12543#comment-8818 How deep in the red will we close today? I bet we close down 4 points on the S&P. How deep in the red will we close today? I bet we close down 4 points on the S&P.

]]> By: SpiderTrader http://pragcap.com/lets-get-technical-4/comment-page-1#comment-8817 SpiderTrader Wed, 11 Nov 2009 19:02:00 +0000 http://pragcap.com/?p=12543#comment-8817 I would really love to short this rally, but I agree with TPC. Best not to stand on the tracks when the train is coming through. I would really love to short this rally, but I agree with TPC. Best not to stand on the tracks when the train is coming through.

]]> By: SpiderTrader http://pragcap.com/lets-get-technical-4/comment-page-1#comment-8812 SpiderTrader Wed, 11 Nov 2009 16:57:32 +0000 http://pragcap.com/?p=12543#comment-8812 IWM reversing its entire move from this morning. Can you say SELL THE STRENGTH? IWM reversing its entire move from this morning. Can you say SELL THE STRENGTH?

]]> By: TPC http://pragcap.com/lets-get-technical-4/comment-page-1#comment-8811 TPC Wed, 11 Nov 2009 16:55:41 +0000 http://pragcap.com/?p=12543#comment-8811 Great question. I have no idea. I don't even know if you can. Great question. I have no idea. I don’t even know if you can.

]]> By: TPC http://pragcap.com/lets-get-technical-4/comment-page-1#comment-8810 TPC Wed, 11 Nov 2009 16:49:05 +0000 http://pragcap.com/?p=12543#comment-8810 Thank you! Thank you!

]]> By: SpiderTrader http://pragcap.com/lets-get-technical-4/comment-page-1#comment-8809 SpiderTrader Wed, 11 Nov 2009 16:45:58 +0000 http://pragcap.com/?p=12543#comment-8809 How do you post an image here TPC? How do you post an image here TPC?

]]> By: SpiderTrader http://pragcap.com/lets-get-technical-4/comment-page-1#comment-8808 SpiderTrader Wed, 11 Nov 2009 16:42:58 +0000 http://pragcap.com/?p=12543#comment-8808 It's all dollar based liquidity chasing. If I could snap a picture of the current economy I think it would look a little bit like this: http://i.telegraph.co.uk/telegraph/multimedia/archive/00675/money-from-the-sky_675663c.gif Go get those devalued dollars everyone!!! It’s all dollar based liquidity chasing. If I could snap a picture of the current economy I think it would look a little bit like this:

http://i.telegraph.co.uk/telegraph/multimedia/archive/00675/money-from-the-sky_675663c.gif

Go get those devalued dollars everyone!!!

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