tag:blogger.com,1999:blog-30368639.post1032104239213401832..comments2023-10-16T01:58:50.870-07:00Comments on TRADING WITH WAXIE: THE BOTTOM IS IN!Waxiehttp://www.blogger.com/profile/08513802524809539679noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-30368639.post-9748351046751308742008-12-03T19:53:00.000-08:002008-12-03T19:53:00.000-08:00Although I am know a lot less than You do, but I r...Although I am know a lot less than You do, but I respectfully disagree and think that December will be a very bad month for the following two main reason.<BR/><BR/>#1. If you look at 3 month chart of IWM, SPY, QQQQ, DIA, etc... we are under the monthly down slopping trend line (support). It will probably (this week) bounce off the trend line (support) like it did in the beginning of November, plunging down to new lows.<BR/><BR/>#2. I read in yahoo news that in December there will be massive mutual fund and hedge fund redemption (forced selling). Here is the article:<BR/><BR/>http://finance.yahoo.com/banking-budgeting/article/106201/Ignore-the-Stock-Market-Until-February;_ylt=AnWvVpnss43B5CCb48RpvPtO7sMF<BR/><BR/>RayGood 2 C Uhttps://www.blogger.com/profile/01824352773068113114noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-43825152572684599972008-12-03T18:48:00.000-08:002008-12-03T18:48:00.000-08:00we hit 52wk lows on every major index by the END o...we hit 52wk lows on every major index by the END of next week.<BR/><BR/><BR/>GS to 40 after earnings.<BR/><BR/><BR/>(imo)Erik28https://www.blogger.com/profile/06455270180633236878noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-73553683894831606082008-12-03T18:07:00.000-08:002008-12-03T18:07:00.000-08:00Waxie,Do you see the fund managers dumping the UND...Waxie,<BR/><BR/>Do you see the fund managers dumping the UNDERPERFORMERS hard till yrs end?<BR/><BR/>AKA: goog, gme, gs<BR/><BR/>Im not too surprised you are calling a trading bottom for the broad market. If we take out Friday's candle, i would be impressed (for the bulls) but not yet.<BR/><BR/>I remain short GOOG,GME,GS.Erik28https://www.blogger.com/profile/06455270180633236878noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-90059632648675419452008-12-03T18:02:00.000-08:002008-12-03T18:02:00.000-08:00Waxie, you think a stock like LVLT has a chance to...Waxie, you think a stock like LVLT has a chance to pull out from under a buck?mdp129https://www.blogger.com/profile/03371992858032911920noreply@blogger.com