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#1
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So much for the 13,000 \"Support Level\"
Feelin' pretty good about being in cash. IMO, it's just a matter of time before the 12,500 level is tested.
Although, if I were to take a trading shot, I'd short the consumer goods sector. Stocks like Coca Cola & PnG are still at their highs. IMO, it's just a matter of time before they come back to the pack. |
#2
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Re: So much for the 13,000 \"Support Level\"
Lets try and combine threads with regard to this recent MARKET BREAKDOWN:
http://forumserver.twoplustwo.com/showfl...=0#Post13064288 I will give some more personal thoughts/positions after hearing how others feel about certain technical support levels,as well as Dow Theory type questions I will also enjoy...and am looking foward to hearing OTHER members perspectives as well Stephen [img]/images/graemlins/cool.gif[/img] |
#3
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Re: So much for the 13,000 \"Support Level\"
Maybe a mod could set up a regular "Market Recap" thread: daily, weekly, or monthly, and we can all chime in?
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#4
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Re: So much for the 13,000 \"Support Level\"
[ QUOTE ]
Maybe a mod could set up a regular "Market Recap" thread: daily, weekly, or monthly, and we can all chime in? [/ QUOTE ] Sounds GREAT [img]/images/graemlins/cool.gif[/img] |
#5
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Re: So much for the 13,000 \"Support Level\"
[ QUOTE ]
Although, if I were to take a trading shot, I'd short the consumer goods sector. Stocks like Coca Cola & PnG are still at their highs. IMO, it's just a matter of time before they come back to the pack. [/ QUOTE ] This is nearly a year old, but Coke sells a ton outside the US. 72% as of last year |
#6
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Re: So much for the 13,000 \"Support Level\"
[ QUOTE ]
[ QUOTE ] Although, if I were to take a trading shot, I'd short the consumer goods sector. Stocks like Coca Cola & PnG are still at their highs. IMO, it's just a matter of time before they come back to the pack. [/ QUOTE ] This is nearly a year old, but Coke sells a ton outside the US. 72% as of last year [/ QUOTE ] Correct - a number of major institutional investors are pursuing a strategy based on the decoupling of the united states and the rest of the international economy. the general execution is to sort the S&P by % of sales outside the united states, buy a basket of these and hold. Or do this along with shorting SPX for obvious reasons. |
#7
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Re: So much for the 13,000 \"Support Level\"
Do you guys think 13K is resistance now? Up 180 to 12,980 right now, certainly approaching that point again.
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#8
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Re: So much for the 13,000 \"Support Level\"
[ QUOTE ]
Do you guys think 13K is resistance now? [/ QUOTE ] Easy answer, the TA's might the FA's won't. Also the bears most certainly will and the bulls most certainly won't. Jimbo |
#9
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Re: So much for the 13,000 \"Support Level\"
[ QUOTE ]
Do you guys think 13K is resistance now? Up 180 to 12,980 right now, certainly approaching that point again. [/ QUOTE ] Guess not. Jimbo |
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