Comments on: Nicked It http://carolan.org/2009/04/nicked-it/ thoughts on markets & cetera - christopher carolan Fri, 27 Jan 2012 01:53:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Berkeley Square http://carolan.org/2009/04/nicked-it/comment-page-1/#comment-805 Berkeley Square Mon, 04 May 2009 13:13:32 +0000 http://carolan.org/?p=1832#comment-805 @ LovesBeta, Looks like we won't get any follow-thru on the downside today. OTOH, must admit that it's difficult to fathom a 9th straight upweek on the Nasdaq, but there has been a degree of internal correcting within the upchannel despite the overbought situation. Hate mkts that DRIFT up or grind. Sideways may even be better & hate those too. :) We may get a little acceleration since we're on the North side of the 200D for NDX/Q's & it's day #2 of a new month. @ LovesBeta,

Looks like we won’t get any follow-thru on the downside today. OTOH, must admit that it’s difficult to fathom a 9th straight upweek on the Nasdaq, but there has been a degree of internal correcting within the upchannel despite the overbought situation.

Hate mkts that DRIFT up or grind. Sideways may even be better & hate those too. :)

We may get a little acceleration since we’re on the North side of the 200D for NDX/Q’s & it’s day #2 of a new month.

]]> By: Berkeley Square http://carolan.org/2009/04/nicked-it/comment-page-1/#comment-803 Berkeley Square Sun, 03 May 2009 09:09:24 +0000 http://carolan.org/?p=1832#comment-803 @LovesBeta, "...I am looking to cover my shorts into it. " That's why i wrote "Should give us a nice pullback buy point next week". However, because Nasdaq & Q's registered their 8th consecutive upweek the initial rally might fail at the end giving us a negligible downweek. @LovesBeta,

“…I am looking to cover my shorts into it. ”

That’s why i wrote “Should give us a nice pullback buy point next week”.

However, because Nasdaq & Q’s registered their 8th consecutive upweek the initial rally might fail at the end giving us a negligible downweek.

]]> By: gunntrader http://carolan.org/2009/04/nicked-it/comment-page-1/#comment-802 gunntrader Sun, 03 May 2009 01:49:05 +0000 http://carolan.org/?p=1832#comment-802 Im looking for 60 day cycle to expire.60 days from march 6th low is 6th may,+ - a day or two.As it stands now its looking like a high gunn Im looking for 60 day cycle to expire.60 days from march 6th low is 6th may,+ – a day or two.As it stands now its looking like a high

gunn

]]> By: LovesBeta http://carolan.org/2009/04/nicked-it/comment-page-1/#comment-801 LovesBeta Sat, 02 May 2009 18:11:44 +0000 http://carolan.org/?p=1832#comment-801 Corrections on those dates: The three day auctions are on Tues (5), Wed (6), Thurs. (7) and the test results are released on the (7th). So I would say the meat of selling if any would be by Wed. Corrections on those dates: The three day auctions are on Tues (5), Wed (6), Thurs. (7) and the test results are released on the (7th). So I would say the meat of selling if any would be by Wed.

]]> By: LovesBeta http://carolan.org/2009/04/nicked-it/comment-page-1/#comment-800 LovesBeta Sat, 02 May 2009 18:00:08 +0000 http://carolan.org/?p=1832#comment-800 These two charts are ratios of ETFs for the two leading indexes in this rally to the S&P ETF: SPY XLF-SPY (Financials / S&P) http://i713.photobucket.com/albums/ww139/LovesBeta/XLF-SPY.jpg QQQQ-SPY (NASD-100 / S&P) http://i713.photobucket.com/albums/ww139/LovesBeta/QQQQ-SPY.jpg @Berkeley Square, If there is a pull back, I am looking to cover my shorts into it. They moved the 'news' of banks test results to Thursday, 'after' the bond auctions. The meat of the selling, if any, usually is the second day of the three day auctions (Tuesday here). But maybe that will extend to Wed. on 'fears' of bad bank test results. However, I wouldn't discount another pop right out either. But I am betting with indicators :-) These two charts are ratios of ETFs for the two leading indexes in this rally to the S&P ETF: SPY

XLF-SPY (Financials / S&P)
http://i713.photobucket.com/albums/ww139/LovesBeta/XLF-SPY.jpg

QQQQ-SPY (NASD-100 / S&P)
http://i713.photobucket.com/albums/ww139/LovesBeta/QQQQ-SPY.jpg

@Berkeley Square, If there is a pull back, I am looking to cover my shorts into it. They moved the ‘news’ of banks test results to Thursday, ‘after’ the bond auctions. The meat of the selling, if any, usually is the second day of the three day auctions (Tuesday here). But maybe that will extend to Wed. on ‘fears’ of bad bank test results. However, I wouldn’t discount another pop right out either. But I am betting with indicators :-)

]]> By: wwshep http://carolan.org/2009/04/nicked-it/comment-page-1/#comment-799 wwshep Sat, 02 May 2009 16:25:13 +0000 http://carolan.org/?p=1832#comment-799 Chris, Where is the upper channel on the daily chart at currently? Last time you posted it was around 907 and I assume it has been rising. Just wondering where it is now as that could very well be a magnet for next week. Also while you are at it it would be nice to know where the upper band is on the current weekly as well. Thanks, Bill Chris,

Where is the upper channel on the daily chart at currently? Last time you posted it was around 907 and I assume it has been rising. Just wondering where it is now as that could very well be a magnet for next week. Also while you are at it it would be nice to know where the upper band is on the current weekly as well.

Thanks,
Bill

]]> By: Berkeley Square http://carolan.org/2009/04/nicked-it/comment-page-1/#comment-798 Berkeley Square Fri, 01 May 2009 19:20:42 +0000 http://carolan.org/?p=1832#comment-798 small H&S top on Hourly Nasdaq & QQQQ; can also see this & necklines on 10 min charts Should give us a nice pullback buy point next week small H&S top on Hourly Nasdaq & QQQQ; can also see this & necklines on 10 min charts

Should give us a nice pullback buy point next week

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