Comments on: Bull Tide Recedes with a Whoosh… http://www.rickackerman.com/2009/05/bull-tide-recedes-with-a-whoosh/ Trading Newsletter for Gold, Silver, Stocks and Mini Indexes Mon, 13 Feb 2012 07:58:11 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Rich http://www.rickackerman.com/2009/05/bull-tide-recedes-with-a-whoosh/comment-page-1/#comment-1031 Rich Fri, 15 May 2009 14:38:57 +0000 http://www.rickackerman.com/?p=5954#comment-1031 Aloha All We are indeed in another uptrend defying the majority of vocal market participants: A very successful headliner bear who called the first week in March a Generational Low just went short again, while Dr Gloom, Boom and Doom suggests the fall of Capitalism. And Merrill just let go their Bearish Market Analyst as they did A Gary Shilling in '73. Oppenheimer's Bearish Bank Analyst went out on her own. It can be hard to go against the crowd, but profitable. There may be more bearishness on the first pullback than at the bottom, as there may be more greed on the first rally after the top. We let the long-term market trend speak for itself. Having traded markets for awhile, Jesse Livermore comes to mind: I made more money sitting than thinking. Markets can stay overbought a lot longer than people on the wrong side can afford. Equity markets looking ahead for recovery may be a safer refuge for trillions of flight capital too large to herd into gold and silver right without totally wrecking four big banks short gold and silver 2:1 and 3:1. BDI and AFL hit new highs, up 266% and 247%. Call us a bulltard, but this trend is our friend. Regards*Rich http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3251493 Aloha All
We are indeed in another uptrend defying the majority of vocal market participants: A very successful headliner bear who called the first week in March a Generational Low just went short again, while Dr Gloom, Boom and Doom suggests the fall of Capitalism. And Merrill just let go their Bearish Market Analyst as they did A Gary Shilling in ‘73. Oppenheimer’s Bearish Bank Analyst went out on her own. It can be hard to go against the crowd, but profitable.
There may be more bearishness on the first pullback than at the bottom, as there may be more greed on the first rally after the top. We let the long-term market trend speak for itself.
Having traded markets for awhile, Jesse Livermore comes to mind:
I made more money sitting than thinking.
Markets can stay overbought a lot longer than people on the wrong side can afford.
Equity markets looking ahead for recovery may be a safer refuge for trillions of flight capital too large to herd into gold and silver right without totally wrecking four big banks short gold and silver 2:1 and 3:1. BDI and AFL hit new highs, up 266% and 247%. Call us a bulltard, but this trend is our friend.
Regards*Rich
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3251493

]]> By: GlennK http://www.rickackerman.com/2009/05/bull-tide-recedes-with-a-whoosh/comment-page-1/#comment-1025 GlennK Thu, 14 May 2009 16:18:05 +0000 http://www.rickackerman.com/?p=5954#comment-1025 It amazes me that the OIL speculators are at it again, so soon after having their heads handed to them. With Gasoline demand at a reported 5 yr. low and OIL supplies looking for more onshore storage , you have to wonder why gas prices are rising at 20 cent leaps every other week now? Today, we also have seen food rising again as well for some unknown reason? I take all these as lagging indicators of the bear rally. All the rest of the news out here to be blunt SUCKS. So, what's behind the kiting of the market, beyond the usual echo chamber of BS artists and con men on Wall St. and their paid for DC flunky squad? It amazes me that the OIL speculators are at it again, so soon after having their heads handed to them. With Gasoline demand at a reported 5 yr. low and OIL supplies looking for more onshore storage , you have to wonder why gas prices are rising at 20 cent leaps every other week now? Today, we also have seen food rising again as well for some unknown reason? I take all these as lagging indicators of the bear rally. All the rest of the news out here to be blunt SUCKS. So, what’s behind the kiting of the market, beyond the usual echo chamber of BS artists and con men on Wall St. and their paid for DC flunky squad?

]]> By: SDavid http://www.rickackerman.com/2009/05/bull-tide-recedes-with-a-whoosh/comment-page-1/#comment-1024 SDavid Thu, 14 May 2009 12:33:22 +0000 http://www.rickackerman.com/?p=5954#comment-1024 We are in an uptrend until we are not. Still in an upward trend (barely) and the markets were bound to give some of the gains back. The next couple of days should give a more clear idea which way the markets are heading. People bearish on the economy and markets are going to find a reason for the recent upward push to fail. Bull-tards are going to look for reasons why it won't. I think there is too much overhead resistance to carry us much past $95 on SPY. There's a lot of shares in limbo at that point and I think any buying from there will be met by a wave of sellers. I suppose we'll find out if/when we get there. We are in an uptrend until we are not.

Still in an upward trend (barely) and the markets were bound to give some of the gains back. The next couple of days should give a more clear idea which way the markets are heading.

People bearish on the economy and markets are going to find a reason for the recent upward push to fail. Bull-tards are going to look for reasons why it won’t.

I think there is too much overhead resistance to carry us much past $95 on SPY. There’s a lot of shares in limbo at that point and I think any buying from there will be met by a wave of sellers. I suppose we’ll find out if/when we get there.

]]> By: TKO http://www.rickackerman.com/2009/05/bull-tide-recedes-with-a-whoosh/comment-page-1/#comment-1020 TKO Thu, 14 May 2009 01:52:15 +0000 http://www.rickackerman.com/?p=5954#comment-1020 Great illustration and commentary as always. Sure, there is a possibility of another leg up to an area approaching a 5o percent retracement off the lows in stocks, but I do not see the catalyst for such an extended move. What really positive news could there be on the horizon? I think we are heading down, I've sold in May, and I'm going away. See you in September! Great illustration and commentary as always. Sure, there is a possibility of another leg up to an area approaching a 5o percent retracement off the lows in stocks, but I do not see the catalyst for such an extended move. What really positive news could there be on the horizon? I think we are heading down, I’ve sold in May, and I’m going away. See you in September!

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