Down goes the Dow

Pointing Out the Obvious wrote:

K55 wrote:

Really? Where's that?

Where? It starts with the first post and continues throughout the thread.

In other words you have no example

K55 wrote:

Pointing Out the Obvious wrote:

Where? It starts with the first post and continues throughout the thread.

In other words you have no example

What is it about "the first post" that you don't understand? Are you brain dead?

Pointing Out the Obvious wrote:

What is it about "the first post" that you don't understand? Are you brain dead?

You are NOT the real Pointing Out the Obvious. POTO has assured us of this.

Go back to your cave, imposter!

It is entirely possible to recognize risk of a market crash while also recognizing the substantial evidence that attempting to avoid risk by anticipating market tops costs returns in the long run. Even if you think equities are currently overvalued, which is not an unreasonable thesis depending upon what evidence you look at, the correct move for a long-term investment horizon is not to liquidate your holdings to cash.

Recognizer of Imposters wrote:

Pointing Out the Obvious wrote:

What is it about "the first post" that you don't understand? Are you brain dead?

You are NOT the real Pointing Out the Obvious. POTO has assured us of this.

Go back to your cave, imposter!

Who?

I think you just got unlucky - there is nothing broken in any of the major indices - small caps, midcaps, large caps...they're all within a percent or two of their all time highs.

If small caps were breaking down I would be concerned, but that's not the case - they are doing fine.

the dow;s underperformance shows what a useless index it is - it is not reflecting the market's strength

agip wrote:

I think you just got unlucky - there is nothing broken in any of the major indices - small caps, midcaps, large caps...they're all within a percent or two of their all time highs.

If small caps were breaking down I would be concerned, but that's not the case - they are doing fine.

the dow;s underperformance shows what a useless index it is - it is not reflecting the market's strength

Maybe, but I'm not as sure as you.

There is no doubt that significantly fewer NYSE stocks are hitting new highs recently than were throughout 2013.

. Whether that proves significant, only time will tell.

(The Dec '13/Mar '14 peaks are very similar to the Apr '11/Jul '11 peaks in magnitude. Around 300 new highs for the first peak, and only 260-280 for the second peak, about 2-3 months later). Nowhere near the 400+ hit several times in 2013.

Way fewer new highs for S&P Midcaps as well, versus 2013:

Fewer new highs for Nasdaq vs 2013 as well:

This looks like a little less breath now versus early 2013, for # above 200-day ma.

.

Weakness has to start somewhere... only time will reveal if that's what the Dow is showing. Looking closer - to me, it looks more like the Dow spiked higher in December than the other indices, which makes it look a little weak now...

I've spent most of this evening looking at charts. The major uptrends in the indices seem intact. The SP500 seems vulnerable to a correction down to 1825 at the lower Bollinger Band.

http://stockcharts.com/h-sc/ui

The Price Channel needs one more negative day to confirm a correction to the lower band at 1810.

http://stockcharts.com/h-sc/ui

(Those two links look exactly the same to me, but one is supposed to be Bollinger Bands and the later is price channels.)

In short, right now is not a good entry point.

Okay, those links didn't show the respective bands. I don't know why... sorry.

Basically, the mid-point of both the price and bollinger band has been crossed on the downside. In the case of the BB, it's a signal of a correction down to the lower band.

In the case of the price channel, it's not yet a signal. It would need one more day trading below the previous day's high to signal a move to the lower channel.

Regardless, these are still corrections and not trend changes so far.

Let's try the Bollinger Band chart.

http://scharts.co/1d3qv1r

Note that the price has closed below the mid-point shown by the dotted blue line, signaling a move down to the lower Bollinger Band.

Snake oil sales masquerading as science.

'

Investment "advice"

Whether that is true or not depends on many, many things.

Good moniker BTW.

Go Rupp wrote:

Snake oil sales masquerading as science.

'

Investment "advice"

Look, everybody. K5 has yet another new name. I guess he's too cowardly to post here under his better known moniker. That's not surprising considering the beat down he's taken here.

Take it easy on the K man. It you chase him away, the thread will suffer. Kinda like an argument about the Yanks being the greatest ball team ever without the counter argument of no, the cubs deserve that title. The most boring conversations result when everyone is in agreement.

dR Trollingwood wrote:

Take it easy on the K man. It you chase him away, the thread will suffer. Kinda like an argument about the Yanks being the greatest ball team ever without the counter argument of no, the cubs deserve that title. The most boring conversations result when everyone is in agreement.

it's more like someone arguing that it's good the Germans fought so hard in WW2 - otherwise 1939-1945 would have been a boring period.

The guy is a nasty racist - why coddle him?

Pointing Out the Obvious wrote:

Go Rupp wrote:

Snake oil sales masquerading as science.

'

Investment "advice"

Look, everybody. K5 has yet another new name. I guess he's too cowardly to post here under his better known moniker. That's not surprising considering the beat down he's taken here.

Now that's rich - one imposter calling out another. As POTO pointed out, (obviously), anyone posting under the name "Pointing Out the Obvious" after POTO established his name is an imposter.

Sorry dude, but you've been outed.

The guy is a nasty racist - why coddle him? R

Real K5 here.

Supporting a nation built on racial supremacy and the blood of the natives is racist.

I oppose it because I believe in justice and fairness. And I am not a traitor who likes seeing the Israelification of the USA (attacks on free speech, all the money in fewer and fewer pockets, militarization of the police, one group being above the law while others re abused by the law, false flag attacks, et al).

I cut you guys some slack because I don't think all of you are racists at heart; you are just incapable of seeing beyond the propaganda.

Luckily the world at large is waking up and the failed experiment called Israel is now living on borrowed time.

It will not be missed.

Also, it's kind of funny that you think every post that does not conform to your groupthink must be me. I am not the only one with a brain

Oh.

And by the way.

The looming market collapse will make 2008-09 look like a bull market.

Don't say you weren't warned

My experiment with gold went really well for a week and then collapsed. I am now down 0.6%, after being up 2 or 3%.

I'm still thinking this year will be a big nothing - zero percent return, give or take 5%.