Comments on: The Russell looks about done http://sovereignspeculator.com/2010/02/22/the-russell-looks-about-done/ Thoughts on the markets and the decline of the west Mon, 20 Dec 2010 13:51:06 +0000 http://wordpress.org/?v=2.6 By: PEJ http://sovereignspeculator.com/2010/02/22/the-russell-looks-about-done/#comment-8631 PEJ Mon, 01 Mar 2010 15:17:39 +0000 http://sovereignspeculator.com/?p=3812#comment-8631 Russell is now back at 640... I was a bit suspicious and rightfully so it seems. What's your opinion from here? Russell is now back at 640… I was a bit suspicious and rightfully so it seems. What’s your opinion from here?

]]> By: Mike http://sovereignspeculator.com/2010/02/22/the-russell-looks-about-done/#comment-8558 Mike Mon, 22 Feb 2010 20:39:38 +0000 http://sovereignspeculator.com/?p=3812#comment-8558 The others (early June, early/mid-Aug, the 3rd week of Sept, 3rd week of Oct, mid-Jan) *were* mostly tops -- just temporary ones! As Bjorn was getting at, most technical analysis tools are particularly powerful on a short-term basis. So if you get a swing trade like the above right, adjust your stops so that the worst you can do is make a modest amount of money or break even. The others (early June, early/mid-Aug, the 3rd week of Sept, 3rd week of Oct, mid-Jan) *were* mostly tops — just temporary ones! As Bjorn was getting at, most technical analysis tools are particularly powerful on a short-term basis.

So if you get a swing trade like the above right, adjust your stops so that the worst you can do is make a modest amount of money or break even.

]]> By: Pej http://sovereignspeculator.com/2010/02/22/the-russell-looks-about-done/#comment-8557 Pej Mon, 22 Feb 2010 20:32:29 +0000 http://sovereignspeculator.com/?p=3812#comment-8557 Why does it look more done to you now than a few months ago? We've been kind of calling it a top for quite some time :-( Tim Knight's sentence still resonates in my head "62.50 on IWM is a once in a lifetime shorting opportunity"... it's the third time it's breaching it steadily... Don't get me wrong, I hope you're right. But I'm wondering what makes it more look like a top than the previous ones... Why does it look more done to you now than a few months ago? We’ve been kind of calling it a top for quite some time :-(
Tim Knight’s sentence still resonates in my head “62.50 on IWM is a once in a lifetime shorting opportunity”… it’s the third time it’s breaching it steadily…

Don’t get me wrong, I hope you’re right. But I’m wondering what makes it more look like a top than the previous ones…

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