Comments on: THE TECHNICAL LOOK: MORE CORRECTION AHEAD http://pragcap.com/the-technical-look-more-correction-ahead Sat, 26 May 2012 09:29:57 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: VCC http://pragcap.com/the-technical-look-more-correction-ahead/comment-page-1#comment-11305 VCC Sun, 31 Jan 2010 18:58:28 +0000 http://pragcap.com/?p=16192#comment-11305 The January effect is like any indicator...there is merit to it when this phenomena happens something like 75% of the time. But you have to adjust accordingly, and 2009 was a great example of that. What I love is, b/c the January effect was invalid in 2009, the 'experts' will come out and say this effect is BS. 75% is hard to argue with.. The January effect is like any indicator…there is merit to it when this phenomena happens something like 75% of the time. But you have to adjust accordingly, and 2009 was a great example of that. What I love is, b/c the January effect was invalid in 2009, the ‘experts’ will come out and say this effect is BS. 75% is hard to argue with..

]]> By: AWF http://pragcap.com/the-technical-look-more-correction-ahead/comment-page-1#comment-11302 AWF Sun, 31 Jan 2010 17:05:49 +0000 http://pragcap.com/?p=16192#comment-11302 How about the January Effect? TPC or anyone else How about posting investment returns 3mo,6mo and 9mo when we have a DOWN January S&P 500 Data only. How about the January Effect?

TPC or anyone else

How about posting investment returns 3mo,6mo and 9mo when we have a DOWN January

S&P 500 Data only.

]]> By: MarketHead http://pragcap.com/the-technical-look-more-correction-ahead/comment-page-1#comment-11282 MarketHead Sat, 30 Jan 2010 14:49:32 +0000 http://pragcap.com/?p=16192#comment-11282 PUt your helmets on. Look for more downside next week (2/1/10) The market internals are ready for a downside accelleration early in the week.IT is always interesting to observe how the market reacts to fundamentals. I'm sure this astute group has noticed the ralloy Pre-State of the Union (typical short covering - always thought it was out of respect to the Pres, just like when both sides of Congress applaude prior to the speech. When the Market can't give a pop after the speech, it is telling you that the sellers are confident. Heck the shorts didn't get squeezed. IF you look at the VIX, you will see what looks like a Bull Flag... BAsed on the VIX being up against resistance it could consolidate and compress in the pennant a bit more but it looks to me for a potential breakout to the upside and if so it is projecting a substantial move down in the overall market. TIme to clean the complacent longs out. WHile the depth of this "correction" is always a point to ponder, I let the market tell me when it is over. From a fundamental point of view, the Gov is throwing everything but the kitchen sink to preserve their political future but the reflation trade (tire)is gradually going flat. New low ahead? Who knows. Just go with the flow and wear a helmet. PUt your helmets on. Look for more downside next week (2/1/10) The market internals are ready for a downside accelleration early in the week.IT is always interesting to observe how the market reacts to fundamentals. I’m sure this astute group has noticed the ralloy Pre-State of the Union (typical short covering – always thought it was out of respect to the Pres, just like when both sides of Congress applaude prior to the speech.

When the Market can’t give a pop after the speech, it is telling you that the sellers are confident. Heck the shorts didn’t get squeezed. IF you look at the VIX, you will see what looks like a Bull Flag… BAsed on the VIX being up against resistance it could consolidate and compress in the pennant a bit more but it looks to me for a potential breakout to the upside and if so it is projecting a substantial move down in the overall market. TIme to clean the complacent longs out.

WHile the depth of this “correction” is always a point to ponder, I let the market tell me when it is over. From a fundamental point of view, the Gov is throwing everything but the kitchen sink to preserve their political future but the reflation trade (tire)is gradually going flat.

New low ahead? Who knows. Just go with the flow and wear a helmet.

]]> By: Nova Imoet http://pragcap.com/the-technical-look-more-correction-ahead/comment-page-1#comment-11279 Nova Imoet Sat, 30 Jan 2010 08:48:45 +0000 http://pragcap.com/?p=16192#comment-11279 nice info.... nice info….

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