Comments on: THOUGHTS ON THE ISM DATA http://pragcap.com/thoughts-on-the-ism-data Sat, 26 May 2012 09:29:57 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Matty http://pragcap.com/thoughts-on-the-ism-data/comment-page-1#comment-4092 Matty Mon, 03 Aug 2009 21:48:42 +0000 http://pragcap.com/?p=7082#comment-4092 Paul, I like Minyanville Kevin Depew's numbers for the S&P: 1014-1025 Partly, it just intuitively feels about right to me. My logic being who could possibly chase it higher than that after such a climb, but I know, logic isn't the rule to follow. Depew calculates trend turns using DeMark indicators, which still are a bit opaque to me, but he seemed to use them effectively over the fall and spring. For the intermediate term, his reading says that the momentum isn't exhausted yet, probably still a couple of months out. anyways, I like having something to look for, m Paul,

I like Minyanville Kevin Depew’s numbers for the S&P:

1014-1025

Partly, it just intuitively feels about right to me. My logic being who could possibly chase it higher than that after such a climb, but I know, logic isn’t the rule to follow. Depew calculates trend turns using DeMark indicators, which still are a bit opaque to me, but he seemed to use them effectively over the fall and spring. For the intermediate term, his reading says that the momentum isn’t exhausted yet, probably still a couple of months out.

anyways, I like having something to look for,
m

]]> By: Paul http://pragcap.com/thoughts-on-the-ism-data/comment-page-1#comment-4089 Paul Mon, 03 Aug 2009 20:29:24 +0000 http://pragcap.com/?p=7082#comment-4089 What S&P numbers you are thinking of a blow-off top? The tape is so strong. Thank you in advance. What S&P numbers you are thinking of a blow-off top? The tape is so strong. Thank you in advance.

]]> By: TPC http://pragcap.com/thoughts-on-the-ism-data/comment-page-1#comment-4085 TPC Mon, 03 Aug 2009 18:41:30 +0000 http://pragcap.com/?p=7082#comment-4085 I feel more comfortable in cash than I do being short here. The bulls are still in control of this market. Personally, I am not shorting the equity markets here. I feel more comfortable in cash than I do being short here. The bulls are still in control of this market. Personally, I am not shorting the equity markets here.

]]> By: MS http://pragcap.com/thoughts-on-the-ism-data/comment-page-1#comment-4084 MS Mon, 03 Aug 2009 17:45:21 +0000 http://pragcap.com/?p=7082#comment-4084 TPC, Are you going to open some short position soon ? Any recommendation? TPC,

Are you going to open some short position soon ? Any recommendation?

]]> By: TPC http://pragcap.com/thoughts-on-the-ism-data/comment-page-1#comment-4083 TPC Mon, 03 Aug 2009 17:33:41 +0000 http://pragcap.com/?p=7082#comment-4083 Silly, good question. I am not expecting the market to fall apart here. My move out of stocks last week was mainly because the risk/reward of the market has changed substantially. That doesn't mean we can't go higher, but I am seeing blow-off tops in some pretty areas. Any dent in the economy or the good news parade could result in a pretty swift 10% sell-off. I am missing out on today's gains, but I feel comfortable with my cash position and derivative shorts. Anyone buying stocks up here is taking on some pretty substantial near-term risk. Silly, good question. I am not expecting the market to fall apart here. My move out of stocks last week was mainly because the risk/reward of the market has changed substantially. That doesn’t mean we can’t go higher, but I am seeing blow-off tops in some pretty areas. Any dent in the economy or the good news parade could result in a pretty swift 10% sell-off.

I am missing out on today’s gains, but I feel comfortable with my cash position and derivative shorts. Anyone buying stocks up here is taking on some pretty substantial near-term risk.

]]> By: sillythings http://pragcap.com/thoughts-on-the-ism-data/comment-page-1#comment-4080 sillythings Mon, 03 Aug 2009 17:21:57 +0000 http://pragcap.com/?p=7082#comment-4080 TPC, When we get a market correction, how much pull back do you think we'll likely see? Thanks! TPC,

When we get a market correction, how much pull back do you think we’ll likely see?

Thanks!

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