Comments on: Thoughts on P3 and the secular bear http://sovereignspeculator.com/2010/08/06/thoughts-on-p3-and-the-secular-bear/ Thoughts on the markets and the decline of the west Thu, 10 Nov 2011 11:33:29 +0000 http://wordpress.org/?v=2.6 By: rogerjarema http://sovereignspeculator.com/2010/08/06/thoughts-on-p3-and-the-secular-bear/#comment-10405 rogerjarema Tue, 17 Aug 2010 15:51:17 +0000 http://sovereignspeculator.com/?p=5023#comment-10405 This is the third time I post a comment on this. The previous 2 for some reason just didn't show up. Thanks Mike for the response and the great overview of the current market/conditions. I come to the same conclusion as yours in regards to EWT... IMO, following it to the squiggles is dangerous. But learning it for the psychology is great to our development as traders. This is the third time I post a comment on this. The previous 2 for some reason just didn’t show up.

Thanks Mike for the response and the great overview of the current market/conditions. I come to the same conclusion as yours in regards to EWT…

IMO, following it to the squiggles is dangerous. But learning it for the psychology is great to our development as traders.

]]> By: Rob http://sovereignspeculator.com/2010/08/06/thoughts-on-p3-and-the-secular-bear/#comment-10398 Rob Tue, 10 Aug 2010 10:38:34 +0000 http://sovereignspeculator.com/?p=5023#comment-10398 Awesome post, Mike. Thanks as always for sharing your thoughts. I definitely agree that the best way to play this market is to wait for the technical/sentiment indicators to reach glaring extremes -- bull/bear percentages >90% or <10%; VIX sub-25. I have lost too much money trying to trade waves counts and squiggles. The bets that have made me money are buying long-dated index puts when the VIX gets really low. Speaking of the VIX, do the last few weeks look like a bottoming process to you, or do you think we are likely to test the April lows in the mid-teens. Even if the SPX continues to run into the mid 1100's or even a marginal new high, I could see the Vix turning up a couple of weeks before the SPX tops -- it did that in April. Awesome post, Mike. Thanks as always for sharing your thoughts. I definitely agree that the best way to play this market is to wait for the technical/sentiment indicators to reach glaring extremes — bull/bear percentages >90% or <10%; VIX sub-25. I have lost too much money trying to trade waves counts and squiggles. The bets that have made me money are buying long-dated index puts when the VIX gets really low. Speaking of the VIX, do the last few weeks look like a bottoming process to you, or do you think we are likely to test the April lows in the mid-teens. Even if the SPX continues to run into the mid 1100’s or even a marginal new high, I could see the Vix turning up a couple of weeks before the SPX tops — it did that in April.

]]> By: GolfBoy http://sovereignspeculator.com/2010/08/06/thoughts-on-p3-and-the-secular-bear/#comment-10393 GolfBoy Mon, 09 Aug 2010 14:01:52 +0000 http://sovereignspeculator.com/?p=5023#comment-10393 Just a word of appreciation for your blog, Mike. You do great work. Just a word of appreciation for your blog, Mike. You do great work.

]]> By: gunner451 http://sovereignspeculator.com/2010/08/06/thoughts-on-p3-and-the-secular-bear/#comment-10390 gunner451 Sat, 07 Aug 2010 16:25:04 +0000 http://sovereignspeculator.com/?p=5023#comment-10390 I don't know what it is but every time the market is about to turn down you start posting again. You're one of my best bearish indicators! I don’t know what it is but every time the market is about to turn down you start posting again. You’re one of my best bearish indicators!

]]> By: panamared http://sovereignspeculator.com/2010/08/06/thoughts-on-p3-and-the-secular-bear/#comment-10389 panamared Sat, 07 Aug 2010 00:32:59 +0000 http://sovereignspeculator.com/?p=5023#comment-10389 Mike, One of your best blogs yet, welcome back!!!! Mike,

One of your best blogs yet, welcome back!!!!

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