Comments on: More Highs as Volume Creeps Higher http://www.bigwavetrading.com/2010/03/17/more-highs-as-volume-creeps-higher/ Daily stock market picks and commentary from Josh Hayes Thu, 09 Sep 2010 03:28:03 +0000 http://wordpress.org/?v=abc hourly 1 By: Adam Stover http://www.bigwavetrading.com/2010/03/17/more-highs-as-volume-creeps-higher/comment-page-1/#comment-2127 Adam Stover Thu, 18 Mar 2010 14:20:15 +0000 http://www.bigwavetrading.com/?p=6106#comment-2127 I think what MS is trying to say is that the market would be well served by a healthy correction in an overall long-term uptrend. But at the same time, we're dealt the hand we're dealt, so wishing for something to change is futile, so just use the trend that exists already (i.e. up!) He also makes the point that top-calling is pointless at this juncture, as the leading stocks are still acting well and there haven't been any distribution days yet (knock on wood.) Again, the trend is up and fighting the trend is not profitable. I think what MS is trying to say is that the market would be well served by a healthy correction in an overall long-term uptrend.

But at the same time, we’re dealt the hand we’re dealt, so wishing for something to change is futile, so just use the trend that exists already (i.e. up!)

He also makes the point that top-calling is pointless at this juncture, as the leading stocks are still acting well and there haven’t been any distribution days yet (knock on wood.) Again, the trend is up and fighting the trend is not profitable.

]]> By: MarketSpeculator http://www.bigwavetrading.com/2010/03/17/more-highs-as-volume-creeps-higher/comment-page-1/#comment-2126 MarketSpeculator Thu, 18 Mar 2010 13:01:17 +0000 http://www.bigwavetrading.com/?p=6106#comment-2126 Hi Don, Thank you for the comment, but you missed the point. Regardless of what you call a market it doesn't matter! The great thing about Big Wave Trading is we could care less about semantics we use uptrend and downtrend. The point I was making was if we had a 15% decline to 20% (which you call a bear market) we'd have more massive stock gains compared to the current uptrend. Keep it simple but no simpler. Glad someone is reading these! :) MS Hi Don,

Thank you for the comment, but you missed the point. Regardless of what you call a market it doesn’t matter! The great thing about Big Wave Trading is we could care less about semantics we use uptrend and downtrend.

The point I was making was if we had a 15% decline to 20% (which you call a bear market) we’d have more massive stock gains compared to the current uptrend. Keep it simple but no simpler.

Glad someone is reading these! :)

MS

]]> By: Don http://www.bigwavetrading.com/2010/03/17/more-highs-as-volume-creeps-higher/comment-page-1/#comment-2125 Don Thu, 18 Mar 2010 11:37:32 +0000 http://www.bigwavetrading.com/?p=6106#comment-2125 You say "........We’d have a better uptrend if we had a 15% or greater decline with volume well above the 50 day moving volume average. ....". It's not called a decline as you coined. It's called a BEAR MARKET then!!!!!!!!!!. So of course, after that event it would Naturally be an uptrend next!!!!. Mystifying comment you made. You say “……..We’d have a better uptrend if we had a 15% or greater decline with volume well above the 50 day moving volume average. ….”.
It’s not called a decline as you coined. It’s called a BEAR MARKET then!!!!!!!!!!. So of course, after that event it would Naturally be an uptrend next!!!!. Mystifying comment you made.

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