Comments on: Calling The Reversal….. http://www.movethemarkets.com/blog/2007/07/28/calling-the-reversal/ Futures Trading, Custom Programming, and Commentary Fri, 05 Mar 2010 06:12:03 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: john http://www.movethemarkets.com/blog/2007/07/28/calling-the-reversal/comment-page-1/#comment-3806 john Mon, 30 Jul 2007 21:05:46 +0000 http://www.movethemarkets.com/blog/2007/07/28/calling-the-reversal/#comment-3806 phileo: check out this link on the philosophy of tops...u can download the pdf at teresa lo's site...very interesting article http://www.powerswings.com/2007/07/28/the-nature-of-market-tops/ phileo: check out this link on the philosophy of tops…u can download the pdf at teresa lo’s site…very interesting article

http://www.powerswings.com/2007/07/28/the-nature-of-market-tops/

]]> By: Phileo http://www.movethemarkets.com/blog/2007/07/28/calling-the-reversal/comment-page-1/#comment-3793 Phileo Sun, 29 Jul 2007 22:42:02 +0000 http://www.movethemarkets.com/blog/2007/07/28/calling-the-reversal/#comment-3793 @Luka, TraderD: thanks for the compliments. @T'Worm - LOL, I didn't realize my article was implying a reversal call. If my article sounds hypocritical, that was not my intention, but rather to point out that calling the bottom is not a profitable endeavour. It's hard to predict the unpredictable, and the bottom can only be known when it has already happened. At the same time, at the risk of sounding cliche, this time is different. There are many more signs that the bears are gaining control than there are of the bulls taking back control. Lots of traders were fooled into believing that AAPL's earnings report would save the day. That was when the Nasdaq Comp was +90pts higher (it seems like a distant memory now). http://tinyurl.com/2lf79g http://tinyurl.com/2r42s7 AlphaTrends - "There is something seriously wrong with this market right now." @Luka, TraderD: thanks for the compliments.
@T’Worm – LOL, I didn’t realize my article was implying a reversal call. If my article sounds hypocritical, that was not my intention, but rather to point out that calling the bottom is not a profitable endeavour. It’s hard to predict the unpredictable, and the bottom can only be known when it has already happened.

At the same time, at the risk of sounding cliche, this time is different. There are many more signs that the bears are gaining control than there are of the bulls taking back control.
Lots of traders were fooled into believing that AAPL’s earnings report would save the day. That was when the Nasdaq Comp was +90pts higher (it seems like a distant memory now).

http://tinyurl.com/2lf79g
http://tinyurl.com/2r42s7
AlphaTrends – “There is something seriously wrong with this market right now.”

]]> By: TraderD http://www.movethemarkets.com/blog/2007/07/28/calling-the-reversal/comment-page-1/#comment-3790 TraderD Sun, 29 Jul 2007 14:54:24 +0000 http://www.movethemarkets.com/blog/2007/07/28/calling-the-reversal/#comment-3790 Good summary. I also believe in waiting for the market to show direction. I have no idea what we will see this week, but it feels like more selling. - TraderD Good summary. I also believe in waiting for the market to show direction. I have no idea what we will see this week, but it feels like more selling.

- TraderD

]]> By: john http://www.movethemarkets.com/blog/2007/07/28/calling-the-reversal/comment-page-1/#comment-3788 john Sun, 29 Jul 2007 14:06:43 +0000 http://www.movethemarkets.com/blog/2007/07/28/calling-the-reversal/#comment-3788 in actuality, the markets have been in a solid uptrend for quite awhile...every reversal call was met with more buying...will this time be different? it seems to me that u are calling a reversal of the overall uptrend...that has been a loser's game for a long time, but eventually that call will be correct i'm not making a prediction here either, i'm just pointing out the fact that u are actually calling for a reversal yourself in actuality, the markets have been in a solid uptrend for quite awhile…every reversal call was met with more buying…will this time be different?

it seems to me that u are calling a reversal of the overall uptrend…that has been a loser’s game for a long time, but eventually that call will be correct

i’m not making a prediction here either, i’m just pointing out the fact that u are actually calling for a reversal yourself

]]> By: Luka http://www.movethemarkets.com/blog/2007/07/28/calling-the-reversal/comment-page-1/#comment-3787 Luka Sun, 29 Jul 2007 06:33:12 +0000 http://www.movethemarkets.com/blog/2007/07/28/calling-the-reversal/#comment-3787 A nice summary, thanks. I think any bounce will be met with agressive selling/shorting and thus short-lived. A nice summary, thanks. I think any bounce will be met with agressive selling/shorting and thus short-lived.

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