Louetta's Lore

[IIC]

Sold ORCL. Plan on buying it back at some point but think we might get whacked here.

I certainly hope so...I'm getting rather impatient waiting for Joe and Jane Investor to come to their senses...Don't take this as fact...But the word I hear is that Big Money hedge funds are preparing to dump good stocks to cover their losses on their crummy stocks...Is it true?...I have no proof...But that's what I hear...And it actually seems to make sense as I watch the IBD 100 as well as my own IIC 100, which both BASICALLY consist of Fundamentally sound companies, fall apart.


Too bad I'm committed to posting 100 every week...although since I don't charge it is only a self committment, but I'd run for the hills if I was invested long.

The overall A/D issues for the IIC/IBD 100's today was 38/162/0...It has been much worse in the past...But since these are basically sound companies it is a RED FLAG IMO

[IIC]

Today was the last day of my IBD subscription. Course there was no issue today (well, it came Saturday).

You'll get over it

[Websman]

I certainly hope so...I'm getting rather impatient waiting for Joe and Jane Investor to come to their senses...Don't take this as fact...But the word I hear is that Big Money hedge funds are preparing to dump good stocks to cover their losses on their crummy stocks...Is it true?...I have no proof...But that's what I hear...And it actually seems to make sense as I watch the IBD 100 as well as my own IIC 100, which both BASICALLY consist of Fundamentally sound companies, fall apart.


Too bad I'm committed to posting 100 every week...although since I don't charge it is only a self committment, but I'd run for the hills if I was invested long.

The overall A/D issues for the IIC/IBD 100's today was 38/162/0...It has been much worse in the past...But since these are basically sound companies it is a RED FLAG IMO

Watch for the big drop soon.....

As for me, I'm sitting safely in cash.

[B.J]

I certainly hope so...I'm getting rather impatient waiting for Joe and Jane Investor to come to their senses...Don't take this as fact...But the word I hear is that Big Money hedge funds are preparing to dump good stocks to cover their losses on their crummy stocks...Is it true?...I have no proof...But that's what I hear...And it actually seems to make sense as I watch the IBD 100 as well as my own IIC 100, which both BASICALLY consist of Fundamentally sound companies, fall apart.


Too bad I'm committed to posting 100 every week...although since I don't charge it is only a self committment, but I'd run for the hills if I was invested long.

The overall A/D issues for the IIC/IBD 100's today was 38/162/0...It has been much worse in the past...But since these are basically sound companies it is a RED FLAG IMO

Doug, I'm noticing the same. Even though the IBD is spinning optimstic (today's online issue comments on today's comeback rally), I see the "leaders down in volume" far outnumber the "leaders up in volume" - all in the same article

[Louetta]

I certainly hope so...I'm getting rather impatient waiting for Joe and Jane Investor to come to their senses...Don't take this as fact...But the word I hear is that Big Money hedge funds are preparing to dump good stocks to cover their losses on their crummy stocks...Is it true?...I have no proof...But that's what I hear...And it actually seems to make sense as I watch the IBD 100 as well as my own IIC 100, which both BASICALLY consist of Fundamentally sound companies, fall apart.


Too bad I'm committed to posting 100 every week...although since I don't charge it is only a self committment, but I'd run for the hills if I was invested long.

The overall A/D issues for the IIC/IBD 100's today was 38/162/0...It has been much worse in the past...But since these are basically sound companies it is a RED FLAG IMO

Even if you feel some sort of commitment to have 100 do they have to be longs?

[Louetta]

Sold JNJ. See more downside risk than upside.

[IIC]

Even if you feel some sort of commitment to have 100 do they have to be longs?

That's a good point...never thought about that. The criteria I set up is really meant to be for bull markets (Of whatever duration)...A short list would have to have different criteria...At one time I used to have IIC's Bottom 10...Didn't seem to be much interest though.

Speaking of shorts and longs...maybe I should talk about this on the Cup w/ Handle thread...But these CwH's of which many will end up being double or triple tops can be a useful list for both shorts and longs...Thanks, Doug(IIC)

[billyjoe]

Doug,
So you're saying cup/w/handles are only good in bull markets and then maybe only if they are perfect cup/w/handles and that there really might not be any perfect cup/w/handles , so basically they are of little value?

------------billyjoe






_____"the pattern is never wrong, just the person interpreting it" (unknown chartist)

[IIC]

Doug,
So you're saying cup/w/handles are only good in bull markets and then maybe only if they are perfect cup/w/handles and that there really might not be any perfect cup/w/handles , so basically they are of little value?

------------billyjoe

_____"the pattern is never wrong, just the person interpreting it" (unknown chartist)

Billy, Billy, Billy...Let's wake up here...I was talking about my IIC 100...The criteria I set up for the IIC 100 are basically designed for Bull Markets...as are the ones WON set up for the IBD 100...IMO

The IIC 100 has nothing to do w/ CwH's.

As far as CwH's...The 100 I posted ONLY have the pattern...Very few are "Classic" patterns meeting all the price/volume parameters.

I've seen "Perfect" Cup w/ Handles...But just because they have a PERFECT pattern does not mean they will Break Out and it does not mean that if they do Break Out that they might not fail.

What I was trying to say as I believe NBB pointed out is that the Bullish CwH pattern as it develops also resembles the Bearish Double Top Chart Pattern...And possibly the Bearish Triple Top Pattern.

Just because a CwH Pattern is developing does not mean a stock will B/O...You have to be adept at Calling AND Watching...You also need to be able to get the Heck Outta Dodge Quick when the pattern fails.

Most of the CwH's I posted will not Break Out...I knew that upfront...Key is to be there "IF" they do...On the other side..."IF" they fail you may want to short them???

[billyjoe]

Doug,
Sorry, the old brain is failing. I saw "bull market" in the first paragraph and cup/w/handle in the second and connected the 2. Also wondered why cup/w/handles was on Louetta's thread and not cup/w/handle thread. Now it is clear. I got a free sample of that "focus factor" ,but it didn't work and they wouldn't stop billing my credit card until I almost had to cancel it.

------------billyjoe

[IIC]

Well...I guess it is true that if the market is in a downtrend that a higher percentage of breakouts fail

[Tatnic]

BTW...When were you on the Harvard Swim Team???

I believe one would be required to be a student at Harvard Doug...

[billyjoe]

Louetta,
Swimming being one of the only exercises I can do, I'm at the pool at least 5 days a week walking in water etc. for 40 minutes each day. I'd like to do laps and can physically, but I get so dizzy it's like sea sickness. Would you know of anything that might help? Have tried dramamine and similar medicines with no success. Am trying ginger pills but they don't seem to help either. Thanks for any advice.

----------billyjoe

[Tatnic]

Louetta,
Swimming being one of the only exercises I can do, I'm at the pool at least 5 days a week walking in water etc. for 40 minutes each day. I'd like to do laps and can physically, but I get so dizzy it's like sea sickness. Would you know of anything that might help? Have tried dramamine and similar medicines with no success. Am trying ginger pills but they don't seem to help either. Thanks for any advice.

----------billyjoe

have you talked to a doctor? You might have an inner ear problem, maybe even from the water (pressure?)....or you're alergic to chlorine. Does it happen in fresh water?

[Tatnic]

Well...I guess it is true that if the market is in a downtrend that a higher percentage of breakouts fail

Or maybe your definition of a breakout is too liberal? I know personally my definition of a breakout has evolved over time....probably as a result of getting burned on falsies.