Comments on: Withholding Tax Haul Hits 23-Month Low http://www.trivisonno.com/withholding-tax-haul-hits-23-month-low Bear Market Growls Until January 2010 Fri, 05 Dec 2008 10:01:50 +0000 http://wordpress.org/?v=2.6.5 By: admin http://www.trivisonno.com/withholding-tax-haul-hits-23-month-low#comment-464 admin Thu, 15 May 2008 20:21:28 +0000 http://www.trivisonno.com/?p=97#comment-464 We had a small gap-up today, but it wasn't an exhaustion gap, so I wouldn't compare it to the other gaps on that chart. This morning, we saw that the bulls were indeed feeling hesitant after yesterday's sell-off. The rally was pretty clearly the result of a sector rotation out of oil. If you make an intra-day chart with SPY and USO, you can see the direct relationship. Sector rotations defy all logic. It is very important to be aware of what oil is doing at every moment. If you see the money coming out, and can spot where it is going, you have a pretty good chance of riding along on the long side for a quick day trade. I made that chart with Excel 2007. Matt We had a small gap-up today, but it wasn’t an exhaustion gap, so I wouldn’t compare it to the other gaps on that chart. This morning, we saw that the bulls were indeed feeling hesitant after yesterday’s sell-off. The rally was pretty clearly the result of a sector rotation out of oil. If you make an intra-day chart with SPY and USO, you can see the direct relationship. Sector rotations defy all logic. It is very important to be aware of what oil is doing at every moment. If you see the money coming out, and can spot where it is going, you have a pretty good chance of riding along on the long side for a quick day trade.

I made that chart with Excel 2007.

Matt

]]> By: Dressguard http://www.trivisonno.com/withholding-tax-haul-hits-23-month-low#comment-462 Dressguard Thu, 15 May 2008 19:29:31 +0000 http://www.trivisonno.com/?p=97#comment-462 There seems to be no sell-off today. How do you interpret your very nicely drawn chart "euphoric failure" after today's action??? BTW: What software did you use for this chart??? :-) There seems to be no sell-off today. How do you interpret your very nicely drawn chart “euphoric failure” after today’s action???

BTW: What software did you use for this chart???
:-)

]]> By: admin http://www.trivisonno.com/withholding-tax-haul-hits-23-month-low#comment-457 admin Thu, 15 May 2008 17:13:41 +0000 http://www.trivisonno.com/?p=97#comment-457 Hi Dressguard, Right, the claims number wasn't enough to scare anybody. This continues to be a "Slow-Motion Slow-Down". But eventually, it will sink in. Matt Hi Dressguard,

Right, the claims number wasn’t enough to scare anybody. This continues to be a “Slow-Motion Slow-Down”. But eventually, it will sink in.

Matt

]]> By: Dressguard http://www.trivisonno.com/withholding-tax-haul-hits-23-month-low#comment-455 Dressguard Thu, 15 May 2008 16:36:04 +0000 http://www.trivisonno.com/?p=97#comment-455 Hi Matt, no stampede downward after initial claims announcement. We have to wait a little bit longer. Maybe we will see another sell-off at the end of the trading session. Good luck!!! Hi Matt,

no stampede downward after initial claims announcement. We have to wait a little bit longer. Maybe we will see another sell-off at the end of the trading session. Good luck!!!

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