How not to think correctly.

[dbphoenix]

When I see a new market high on thin participation , with the sectors which by weight have contributed in excess to the recent bull trend of the last 18 months going sideways in distribution ..I think I'm thinking correctly to be positioned accordingly with cash waiting for what probably comes next.
Not a lot of psychology to that of course ,but I'm not really thinking so much as just looking.
I don't need to find the 'top' ...just where the reward isn't worth chasing is enough.

You might be interested in the charts I posted to my journal the last couple of weeks. Financials, Non-Durables, and Utilities lead the pack (not good), and the DJTA has made a lower high.

Not that I'm calling a top, but all of this is interesting, esp with the inversion of the yield curve.

Db

 

[superfly]

looking correctly

but I'm not really thinking so much as just looking.

How not to look correctly?

 

[erierambler]

..I think I'm thinking correctly to be positioned accordingly with cash waiting for what probably comes next.
Not a lot of psychology to that of course ,but I'm not really thinking so much as just looking. .

Still today made a higher high and a higher low......
Technology has been sleeping for 4-5 years, maybe it will wake up......there must be some psychology to that.....

erie

 

[chump]

E,
I was looking at the UK market ,not US ...US will follow UK as usual...

 

[chump]

Relating to post above...utilities sector joined in today with substantial profit taking ...the weight gathers.

 

[erierambler]

Relating to post above...utilities sector joined in today with substantial profit taking ...the weight gathers.

Which one could be next? Consumer Discretionary?

erie

 

[dbphoenix]

Which one could be next? Consumer Discretionary?

erie

None of these are in any imminent danger. However, retail is worth following:

 

[dbphoenix]

Of course, in order to fully appreciate any of this, it helps to have fallen out of a window and lain in a coma for several months . . .

 

[counter_violent]

Of course, in order to fully appreciate any of this, it helps to have fallen out of a window and lain in a coma for several months . . .

I fell off my bike once and bumped my head.....don't suppose this counts.....but it did make me think ..

 

[dbphoenix]

I fell off my bike once and bumped my head.....don't suppose this counts.....but it did make me think ..

Doesn't really count. My best student fell into a deep hole on his way toward the star he saw shining over my estate and broke both his legs. He'd been surviving on grubs when I came upon him while I was exercising my pride of lions. I instructed my staff to pull him out and the first whisper out of his parched and blistered lips was "teach me how to trade".

So I lay my hands upon him and lo he knew how to trade. And not only that, he sold the very day that the Nasdaq topped out in '00 and bought back the very day the market bottomed in '03.

Quite satisfying.

Db

 

[Splitlink]

Doesn't really count. My best student fell into a deep hole on his way toward the star he saw shining over my estate and broke both his legs. He'd been surviving on grubs when I came upon him while I was exercising my pride of lions. I instructed my staff to pull him out and the first whisper out of his parched and blistered lips was "teach me how to trade".

So I lay my hands upon him and lo he knew how to trade. And not only that, he sold the very day that the Nasdaq topped out in '00 and bought back the very day the market bottomed in '03.

Quite satisfying.

Db

You mean he went three whole years between '00 and '03 without doing anything? Don't think much of that, frankly.

Split

 

[dbphoenix]

You mean he went three whole years between '00 and '03 without doing anything? Don't think much of that, frankly.

Split

He was too busy sipping pina coladas and getting caught in the rain . . .

 

[Splitlink]

He was too busy sipping pina coladas and getting caught in the rain . . .

 

[dbphoenix]

they're teetering on the brink now of a sweaty moment.

You're not referring to the residents of 69 Fairy Bush, are you?

 

[dbphoenix]

I'd rather not think about the fundamental . . .

 

[CYOF]

We can all now see which THINKING CORRECTLY thread should have really went to the place where it says it has "absolutely nothing to do with trading" :cheesy:

 

[ducati998]

CYOF

You are displaying obsessive tendancies in the rejection of your thread as irrelevant nonsense.
This is hardly surprising given your schizophrenic condition.
Indications of meglomania seem to be also surfacing, as not content with your own little corner of T2W, you seek to pollute on every thread.

jog on peanut
d998

 

[CYOF]

CYOF

You are displaying obsessive tendancies in the rejection of your thread as irrelevant nonsense.
This is hardly surprising given your schizophrenic condition.
Indications of meglomania seem to be also surfacing, as not content with your own little corner of T2W, you seek to pollute on every thread.

jog on peanut
d998

If you indeed a MEDICAL PRACTIONER, then I would say that it is DUCKS that you are offering your expert diagnosis to :cheesy:

 

[SOCRATES]

If you indeed a MEDICAL PRACTIONER, then I would say that it is DUCKS that you are offering your expert diagnosis to :cheesy:

No...to the ANTS...but ants are deaf...I was able to prove it concluseivly long ago. I wish I oould find the link to the post I made that proves it...it is buried somehwhere...but I will find it sooner or later

 

[superfly]

http://www.youtube.com/watch?v=0aBS_TcEEIo
play volume LOW