week ahead

[#1]

Last week they trapped all the bears and put the sequezzes on them, this week they trapping the bulls and hurting them quite nicely. A wise investor said last week the downtrace will be twice as fast as the uptrace. Italy is in the spotlight, soon is gonna be Spain.

[gareth01]

The market loved the optimism of EU leaders resolving "contagion" effect.....on paper, but implementation and commitment by all seems to be far from the truth..... Taking a 50% write-off is still a default.....and more downgrades to come.. So the Bears will continue for some time as the preferred dominant trend....

[#3]

well, each to their own, but this looks pretty darn bullish to me, with nothing but a minor pullback off the back of a strong rally. Start buying now folks, because this rally could last well into early January, as the markets always do over december.

[THRESHOLD]

I like the price action on the small (and micro) caps. It is often difficult to see (hear?) through the noise with the big stocks; but the tiny stuff has found a bottom in most cases - and is beginning to push higher. That must bode well for the rest of the market...

[Fredsed]

Japan sells Yen, buys US long treasuries which drives dollar. Greek tragedy goes for broke via referendum which drives dollar. Will the FED add to or take away from the madness. Place your bets.

[Preston]

Seems like "Blue Chips to Cow Chips phemomenon"

[Rams]

I agree with Skaap, but as usual will look the charts and wait for confirmation

[#8]

@Rams, if the intention on the strategy is to enter at the bottoms of the channel, then I am not sure you will be able to wait for confirmation. This type of trading relies on the corrections to make money. The last place you would want to be entering is

[#9]

Current case in point, the bull channel is between 30000 and 27800 more or less. Where we are sitting at now is slap bang in the middle. There is enough wiggle room to day trade the ALSI, but I don't think there is enough to determine anything more than a 3 or 4 day time period. Start looking to go long on stocks at an ALSI around 27800 - hold on to what you have, unless the ALSI breaks its channel. I don't short personally, but if we have a weak pullback to the 2900 level, I would probably advocate going short. That is my strategy.

[richardw]

Variables now include:

Will Greek parliament vote no confidence / will Greek govt survive

Will Greek parliament vote no to the referendum

Will the Greeks vote no in the referendum

Will private creditors really accept the 50% 'voluntary' haircut

Will all affected banks be adequately capitalised

Will France be downgraded

Will France being downgraded affect the EFSF rating

[Fredsed]

From the space station we are advised that uncertainty appears to rule the planet out to as far as the troposphere and occasionally somewhat beyond, depending on which highly respected economist is making a speech.

[#12]

becareful, latest headlines is that PM got cabinets support, so I think there wont be a vote of no confidence being passed on Friday. Furthermore, for the people striking on all continents, this referendum may be seem as a victory.

[Rams]

the greeks have been told that the prescription is non-negotiable...they must take the medicine that has been prescribed to them...so trade the noise

[Rams]

and the Greek prime mininister has been kicked out for not taking the prescribed medicine! More noise