Username Password
About People & Picks | Help | Sign up
Home My P&P People Picks Tops Blogs Groups
S&P 500: 1,319.94 Change: +0.56%
MightyMo
MightyMo vip
P&P Score: 99.87   Points: 364.56   Accuracy: 62.36%   Average Pick Score: 1.24   Annual Return: 13.50% (59.28% since 1/3/08)  

MightyMo's Blog : According to Hoyle

Date September 28, 2009  Edited: September 28, 2009    Comments Comments (17)    Recommended (74)   
Bookmark and Share
Abuse this post  Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Share ThisShare This
There are students of technical analysis and those who are professors of fundamental analysis. There are those who follow the sentiment and psychology of the market and then there are those who follow the "stock market almanac".
According to the "stock market almanac", the last day of September, Sept 30 is quarter window dressing day and has been a big selling day. Conversely, Oct 1 is a great day to buy into the nasdaq-100, think QQQQ.
There you go, can't go wrong...right?
Now, wait a minute...
Who has the better track record..the fundamentalists or the wizards of technical analysis or those who follow seasonality tendencies?


17 Comment(s):

Author TickerBandit     Date September 29, 2009 08:00 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Mo,

I hate seasonality. Half the time one is way above the average ... half the time way below. Its like putting one hand in a bucket of boiling hot water and the other in a bucket of ice ... and then saying that on average I feel fine. There are much better methods than seasonality which are far more interesting and rewarding as well.

As for this rally ... it is still healthy and currently primed with short sellers. If Case-Shiller is a good report (in 1 minute) we should rally to new highs.
Author TickerBandit     Date September 29, 2009 08:10  Edited: September 29, 2009 by TickerBandit Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Case-Shiller home price index up 1.6 % in July from June.:-)
Author MightyMo     Date September 29, 2009 08:39 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
For fun, let's see waht happens Sept 30 to the market and Oct 1 to the nasdaq100....I don't like the 'Stock Market Almanac" since they charge you for everything on their web site and their yearly book costs nearly 40.00.
Author MightyMo     Date September 29, 2009 08:48  Edited: September 29, 2009 by MightyMo Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Hey, for what it's worth. Mr JJJ got one right..SQNM is getting creamed today. And oh, by the way, Levene O Murray was long on SQNM and got it wrong. I guess JJJ, sometimes people do get lucky..nice call.
Author TickerBandit     Date September 29, 2009 09:08 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
For whatever its worth. I consider the drop in consumer sentiment a positive for the rally in spite of the market's current reaction. An increase in consumer sentiment would also reflect greater public participation in the markets. From a contrary perspective, this is a good report.
Author JoeJustJoe     Date September 29, 2009 09:33 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Hmmm...intrusting....SQNM left a "nonconfirmed" way up over yonder above $7 dallahs. Of course my long term target is still valid...just like they all are. :-) Let's see how the chart looks. Well, I'm wreckin I should just hold till the 3.18 low goes bye bye anyhoo. What wuz me target anyhoo? Lemme go ssscheck. Mighty Mouth, I know it's gonna be tuff for ye whenst (not if) you go silent. But will you come back and verimafy that I got thisn right too? >>> YRCW ...gulp! :o 3J
Author MightyMo     Date September 29, 2009 10:17 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
TB

I find your comments on consumer sentiment encouraging..I hope you're right..
Author JoeJustJoe     Date September 29, 2009 10:46 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Every single new car dealer in the U.S. "hopes" TB is right about consoomer sentiment too. We went from a "govmint induced" car buying frenzy in Aug to what will be reported for Sept as being the worst mumph for new car sales in the history of America. :o It's a GOOG thang Wall St doan care....ainna? :-) Well, I gots newz fo ya, sheeple. Wall St will care. That's why JDShots is my ONLY competition....until the O'Bombas announce the "cash for foreclosures" program I purrdickted of course :-) 3J
Author JoeJustJoe     Date September 29, 2009 11:03 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Spekkin ov YRCW...you woulda thunk the trading desk at GS woulda run that POS thru $5 dallahs just so somma the fundies could chort da beeeyotch for a GIGUNDO. But lookee thur...4.95. Dammit man! :-) 3J
Author TickerBandit     Date September 29, 2009 12:22  Edited: September 29, 2009 by TickerBandit Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Mo,

No guarantees on that ... but so far so good :-). BTW, I'm going to be gone the rest of the day. Happy trading and congratulations for spotting opportunities in the recent weakness.
Author JoeJustJoe     Date September 29, 2009 12:34 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
TB, befo ya go. MRGE is now taking out the 4.30 moanin high. Ifn ya close it out befo ya leave I can "almost" gar-own-tee you won't fall belowst the "majical" 3% per pick level. If ya don't well...I ainna gar-own-teein nuphin. :-) 3J
Author MightyMo     Date September 29, 2009 23:40 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
What? No comment from the blabber JJJ on SportsHunter's challenge to JJJ? Just like a bear, always hiding....
Author TickerBandit     Date September 30, 2009 08:04 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Mo,

I have a feeling that 3J is contending with the GDP surprise at the moment.
Author JoeJustJoe     Date September 30, 2009 08:54 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Actually, I don't even follow reported news atall cept I use it to see if it is causing chit to take out lows or highs that need to say bye bye. I haven't even turned CNBC on for over 1 year ifn you can believe that. It's the best move I have ever made as a trader actually. Of course I gotsta get my Cramer news from udder sources...and I'll have to catch his seckond mental breakdown on live tv on Jootube I guess :-) Mighty Mouth...I don't back down from ANY challenge. I am an equal opportunity azz kicker. I don't care who ya is. I will pick on anyone who is as clueless as you and BSNBC in purrticular ...plus I'm a "nice guy" besides. :o Ifn you noticed...I longed URE yestermaday at the close. That means I'm trying to give you one last chance to realize your Miss Takes :-) 3J
Author TickerBandit     Date September 30, 2009 11:00 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
3J, I take it you jumped back on chort at the bottom today?
Author JoeJustJoe     Date September 30, 2009 11:25 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Actually, I'm still "hoping" to get 5.90 for ZSL and at least 15.50 for DUG. I've been holding both positions for over a week. I already took 2/3 o'me new FAZoo off....but I will eliminate that last 1 hunnert on a move back up thru 22.25. Hey...did ya see the news? I'm actually gonna try and save yer TSFG thingy but it needs to break belows 1.31..."obviously" :-) I like that little "telegraphed" move Manny did to 1.80 before he did a 180...all I gotsta do is skeeer these new playas out and she "should be" GOOG to go...altho you won't score any points of course >>> :-( It's gonna be intrusting to see ifn you hold MRGE until yer points are gone tho :o But hey...doan say I didn warn ye. *-) You made some really crappy new picks lately BTW. NTES?!! YIKERS! :-) 3J
Author JoeJustJoe     Date July 17, 2011 21:25 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Otay, on Sept 29 2009 "that other game participant" made no mention ov his foist AAPL purchase. Is that cuz it twasn't yet pricey enuff fer him to WOOHOO? ...or did he figger he would jist wait until July 2011 to make mention ovit? :-) 3J
Want to comment on this post? Sign up now. It's FREE!
Already registered? Log In.
Sponsored Links
©2008-2012 PeopleAndPicks.com | Terms of Use