Bottom Callers of the World Unite

Why has the market failed to bounce (or bounce much, anyway) ?

My guess is that everyone is calling for a bounce.

Technicians, value players, macro-economic observers, traders have by and large been looking for a bounce (present company included). Me, Jim Cramer, Cody, Bob Carver, Dick Arms, BCA, John Roque, and many many others all asked for a bounce.

Hence, we didn’t get it.

A few people deserve credit for not guessing the bottom: in particular, Alan Farley and James Rev Shark DePore.

BCA ran this chart:

Bca_20060519_1

>

A Technician friend sends this chart along:

Nasdaq_gso_chart

Until we get more disbelief, there will likely be no bounce . . .

Category: Technical Analysis, Trading

Kudos to WSJ on Options Investigation

Category: Financial Press

Blame Derivatives?

Category: Markets, Psychology, Technical Analysis, Trading

All Aboard the Reality Express!

Category: Federal Reserve, Inflation, Investing, Markets, Psychology

Media Appearance: Kudlow & Company (5/18/06)

Category: Media

Buying SPYs and DIA

Category: Trading

Yahoo!, eBay, Amazon.com

Category: Technical Analysis

Paul Desmond follow up

Category: Investing, Markets, Psychology, Technical Analysis, Trading

Bounce, Test, Bounce, Crash

Category: Investing, Markets, Psychology, Technical Analysis, Trading

Media Appearance: Kudlow & Company (5/17/06)

Category: Media