Comments on Stock Chartist: Protect Yourself Against An Imminent Market Correc...

You might want to check out the charts at Briefing...

2009-11-23T12:53:16.250-05:00

You might want to check out the charts at Briefing.com. I'm not sure where you might be able to find the historical time series though.

If you hedge, hedge to the upside. That's what th...

2009-11-23T12:50:50.655-05:00

If you hedge, hedge to the upside. That's what the BEARS are doing. In otherwords whether you are a BEAR or a BULL buy calls and sell puts, or hedging against the BEARS' wishes, I would continue to buy all the way up to 1295. This market will not turn or stagnate around the 1125-1150 area because there's no tech support for that. All the PO's indicate beyond this. Now we may get a pullback but not the 10% variety, because there is too much $$$ waiting to get in before year's end. I am pushing for higher numbers in support of the technicals because, oops, the sequential fundamentals in every indicator out there will be better than its comparison. Like in poker, I am all in. No cash left for a future game. Finally the $US is going down.

Is there a good ISM index chart from bloomber? thx...

2009-11-23T11:59:57.187-05:00

Is there a good ISM index chart from bloomber? thx!

I haven't looked at the Nikkei or any other extern...

2009-11-22T21:54:31.761-05:00

I haven't looked at the Nikkei or any other external index for that matter as a leading indicator but it's an interesting thought and one worthy of more research.

Gary, I, like you, have seldom hedged and instead ...

2009-11-22T21:52:29.171-05:00

Gary,
I, like you, have seldom hedged and instead have moved to cash when I'm certain the market is going into a sustained decline. This may be a special situation since the correction we see coming is arriving in such an early stage of the bull market's life cycle that it may not be necessary to sell out of positions.

If the correction lasts longer and is deeper than now expected then moving into cash is what I will do and will recommend. I just don't think we're there now or that it is necessary yet.

All my previous blogs are available from the white...

2009-11-22T21:48:17.081-05:00

All my previous blogs are available from the white Archives box in the right-hand panel just under the Facebook box. You can either do a Google search for specific phrases (make sure you click the blog button) or scroll back to prior months. Hope you enjoy the reading.

Joseph Meth, I am really interested to read your ...

2009-11-22T17:57:32.404-05:00

Joseph Meth,

I am really interested to read your older posts but I can find them.

I'll be happy if you can support a link to the previous ones.

Thank you!

GURU,how much do you rate the Nikkei Index and the...

2009-11-22T13:55:38.298-05:00

GURU,how much do you rate the Nikkei Index and the ISM Index as accurate leading stock market indicators in your work ?Also would you agree that the US stock market is trading at a level showing a 5% real growth in GDP for 2010?Thanks for any info.

I've always questioned why small retail traders wo...

2009-11-22T10:40:42.927-05:00

I've always questioned why small retail traders would ever waste their time and capital on hedging strategies. None of us are big enough to move the market.

If you hedge and the market doesn't drop you just threw away capital.

If it does drop you now have to time the move perfectly to get out of your hedges. If you don't and the market pops back up before you exit your hedges you again threw away money.

For the retail investor it's much easier and more cost effective to just adjust position size as a means to hedge.

If you think the market is going to drop then tighten stops on a portion of your portfolio. That way you will only ride down what you are willing to hold through the correction.

S&P gains 0.8% average around Thanksgiving(49/59 o...

2009-11-22T08:59:18.907-05:00

S&P gains 0.8% average around Thanksgiving(49/59 of the last years were +)Any hope this year?