Comments on: The Largest Rallies Come In Bear Markets; Stocks Stage Huge Rally On Slightly Higher Volume Marking Day Two Of Rally Attempt http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/ Daily stock market picks and commentary from Josh Hayes Mon, 01 Dec 2008 21:30:27 +0000 http://wordpress.org/?v=2.6.3 By: MauiTrader http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-219 MauiTrader Fri, 30 Nov 2007 05:43:31 +0000 http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-219 oh yeah, amzn and goog. you better believe i did. this is obviously not the right time to short so i admit i am wrong with the leaders and got rid of them. i would assume the way the ta indicators are pointing that the next highs would be the possible last rally for them and then make good shorts. but who knows? these uptrends are lasting much longer than anything i have seen. some stocks are completely ignoring everything ta 101 teaches you. oh yeah, amzn and goog. you better believe i did. this is obviously not the right time to short so i admit i am wrong with the leaders and got rid of them. i would assume the way the ta indicators are pointing that the next highs would be the possible last rally for them and then make good shorts. but who knows? these uptrends are lasting much longer than anything i have seen. some stocks are completely ignoring everything ta 101 teaches you.

]]> By: Eric Machmer http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-218 Eric Machmer Fri, 30 Nov 2007 03:26:14 +0000 http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-218 Sorry, caught your commentary in the New Shorts section. Thanks. Sorry, caught your commentary in the New Shorts section. Thanks.

]]> By: Eric Machmer http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-217 Eric Machmer Fri, 30 Nov 2007 02:17:12 +0000 http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-217 Did you cover the (small) short positions you established (I think) in AMZN and GOOG? Thanks again. Did you cover the (small) short positions you established (I think) in AMZN and GOOG? Thanks again.

]]> By: MauiTrader http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-216 MauiTrader Fri, 30 Nov 2007 02:02:33 +0000 http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-216 yeah, the most important thing to do is follow the charts and if we do that we are now officially in a "confirmed rally" and looking for shorts here are wrong. Most of the leading stocks are moving higher again BUT THIS TIME THEY ARE DOING IT ON LAME VOLUME. The chances that they will fail are very high but with a lot of nice CANSLIM quality stocks now moving higher, chances are this market is going to rally some more before we make any more lower moves. Fed does not drive charts, PERIOD!! Mutual, pension, insurance, and hedge funds control 75% of the market. They are the elephants. They are the ones that we follow. NOT THE FED. The Fed can't stop anything. If they pump liquidity into the market it doesn't matter, if the big boys are selling and selling hard. Do you think they could have stopped 1929-1932? Or 2000-20002? They won't be able to stop this one, once it actually gets moving, either. yeah, the most important thing to do is follow the charts and if we do that we are now officially in a “confirmed rally” and looking for shorts here are wrong. Most of the leading stocks are moving higher again BUT THIS TIME THEY ARE DOING IT ON LAME VOLUME. The chances that they will fail are very high but with a lot of nice CANSLIM quality stocks now moving higher, chances are this market is going to rally some more before we make any more lower moves.

Fed does not drive charts, PERIOD!! Mutual, pension, insurance, and hedge funds control 75% of the market. They are the elephants. They are the ones that we follow. NOT THE FED.

The Fed can’t stop anything. If they pump liquidity into the market it doesn’t matter, if the big boys are selling and selling hard. Do you think they could have stopped 1929-1932? Or 2000-20002? They won’t be able to stop this one, once it actually gets moving, either.

]]> By: Eric Machmer http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-215 Eric Machmer Fri, 30 Nov 2007 02:02:19 +0000 http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-215 Check out MauiTrader's recent response to a similar question: http://www.bigwavetrading.com/2007/11/14/the-biggest-rallies-happen-in-bear-markets-stocks-have-best-day-in-years-on-lower-volume/#more-843 Check out MauiTrader’s recent response to a similar question:
http://www.bigwavetrading.com/2007/11/14/the-biggest-rallies-happen-in-bear-markets-stocks-have-best-day-in-years-on-lower-volume/#more-843

]]> By: MarketSpeculator http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-214 MarketSpeculator Thu, 29 Nov 2007 21:07:26 +0000 http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-214 FED only controls money supply, doesn't control how well the market will do or won't do. Correlation isn't that great! :) FED only controls money supply, doesn’t control how well the market will do or won’t do. Correlation isn’t that great! :)

]]> By: Peter Laszcz http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-213 Peter Laszcz Thu, 29 Nov 2007 20:54:25 +0000 http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-213 As a newcomer to this site and a recent convert to CANSLIM, I am intrigued about the apparent mismatch between the "chatter" - (what people say) vs the charts which reflects what they actually do. The FED does seem to drive both chatter and charts - and my question better phrased is - Does the FED have the power to stop an impending Bear market? or are the forces that drive the charts into a Bear too powerful to overcome with any FED action? As a newcomer to this site and a recent convert to CANSLIM, I am intrigued about the apparent mismatch between the “chatter” - (what people say) vs the charts which reflects what they actually do. The FED does seem to drive both chatter and charts - and my question better phrased is - Does the FED have the power to stop an impending Bear market? or are the forces that drive the charts into a Bear too powerful to overcome with any FED action?

]]> By: MarketSpeculator http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-212 MarketSpeculator Thu, 29 Nov 2007 11:31:12 +0000 http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-212 We simply do not listen to the chatter! Plain and simple. It is all noise, let your charts speak to you! We simply do not listen to the chatter! Plain and simple. It is all noise, let your charts speak to you!

]]> By: Peter Laszcz http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-211 Peter Laszcz Thu, 29 Nov 2007 06:37:46 +0000 http://www.bigwavetrading.com/2007/11/28/the-largest-rallies-come-in-bear-markets-stocks-stage-huge-rally-on-slightly-higher-volume-marking-day-two-of-rally-attempt/#comment-211 Many of the CNBC folks attributed today’s rally to a comment by a fed governor that they may cut rates again in December. I hear some folks say “Don’t fight the fed” What is your assessment of the current chatter regarding the expected fed rate cut and how it may affect the future bull/bear trend? Many of the CNBC folks attributed today’s rally to a comment by a fed governor that they may cut rates again in December.

I hear some folks say “Don’t fight the fed” What is your assessment of the current chatter regarding the expected fed rate cut and how it may affect the future bull/bear trend?

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