tag:blogger.com,1999:blog-11789233.post114842112895761661..comments2023-11-02T03:53:15.874-07:00Comments on The Slope of Hope.....with Tim Knight: The Bears are in ControlTim Knighthttp://www.blogger.com/profile/02142044637710306701noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-11789233.post-1148510375075126632006-05-24T15:39:00.000-07:002006-05-24T15:39:00.000-07:00finally - nice green volume on indicies - for the ...finally - nice green volume on indicies - for the bounce we've been waiting for/betting on...walterhttps://www.blogger.com/profile/17470446666411384334noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-1148495155031286292006-05-24T11:25:00.000-07:002006-05-24T11:25:00.000-07:00Thanks Tim, your blog is great and our family love...Thanks Tim, your blog is great and our family loves reading it and using Prophet.net you have made us much better techniciansActive Traderhttps://www.blogger.com/profile/13099220209985757879noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-1148494822711637782006-05-24T11:20:00.000-07:002006-05-24T11:20:00.000-07:00Tim, I can not express how much i enjoy your colum...Tim, I can not express how much i enjoy your column. You have made me a much better technician. I thank you and prophet.net. THE BESTActive Traderhttps://www.blogger.com/profile/13099220209985757879noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-1148448397732041842006-05-23T22:26:00.000-07:002006-05-23T22:26:00.000-07:00Another question - how are you guys gearing up for...Another question - how are you guys gearing up for the housing bust? <BR/><BR/>I am looking for a good REIT.stockshakerhttps://www.blogger.com/profile/10038114175740151965noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-1148448313189611972006-05-23T22:25:00.000-07:002006-05-23T22:25:00.000-07:00Fellas, with all due respect, but aren't we gettin...Fellas, with all due respect, but aren't we getting ahead of ourselves a little bit? We've had one hell of a downswing, granted, but to think about new put plays (at the current short term) - is a little bit of wishful thinking? <BR/><BR/>I do totally believe that we are headed for more downspin, but a bounce is inevitable. Yesterday we avoided a huge loss, today, we were up, and ended up negative. <BR/><BR/>What does this tell us? Indecision. John - that was a huge call yesterday, when you said it was gonna tank in the last hour today. That was huge, HUGE. Pass me your crystal ball, please. <BR/><BR/>But look at the csticks - small bodies, and long shadows, and the last three days starting to cluster together. Tells us that right now, there is indecision.<BR/><BR/>But the bias (for the short term), is up. Things have to shift back to equilibrium before a new major move can be made. <BR/><BR/>But I do agree that the downtrend is still going to prevail. I just need a new entry point. and I think a lot of bears who cashed out with a handsome profit last week, are waiting for that bounce. <BR/><BR/>I think volume also tells a lot. Notice today's volume compared to yesterday, or even the day before. Less - why? Indecision. No one wants to make a major move.<BR/><BR/>All that means is that the next few days, I can book some nice tee times. Until either a bounce happens, or something breaks us out of the current cluster that we are in.stockshakerhttps://www.blogger.com/profile/10038114175740151965noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-1148425206277578482006-05-23T16:00:00.000-07:002006-05-23T16:00:00.000-07:00As I said last evening the market would probably g...As I said last evening the market would probably go up this morning and fade during the afternoon. It did - I made my dailies by noon and went to play golf. <BR/><BR/>The csticks all suggest further down tomorrow and I still believe we will print a red candlestick for this week and next at the very least.<BR/><BR/>Don't know how many readers know this but we now have a gold miners ETF (GDX) that is trading in the mid-30's. This will be an excellent way to play gold without getting involved in the physical or in some of the shadier companies out there. I'm going to watch it for awhile and see how it goes before getting involved.John Wheatcrofthttps://www.blogger.com/profile/07035854131151519369noreply@blogger.com