Comments on: The Big Decline

By: Yaser Anwar

Yaser Anwar — Sun, 11 May 2008 06:04:52 +0000

Chris,

Great stuff as usual. Perhaps its time for your superb NH-NL analysis? Long-time since you did that.

Keep up the good work.

Yaser

By: Janet

Janet — Sat, 10 May 2008 02:24:34 +0000

My feelings are demand has long been priced in. Speculation and hype is running now. Personally, it brings to mind the tulip bubble of the Netherlands of the 17 century. Granted, oil is far more valuable than tulips but I see the same “fanatical frenzy” going on.

By: Book Winner, Server Change and Weekend Reading | Million Dollar Journey

Book Winner, Server Change and Weekend Reading | Million Dollar Journey — Fri, 09 May 2008 02:45:55 +0000

[...] Perunna, a seriously talented stock trader, writes about the coming big decline in the U.S [...]

By: Chris

Chris — Fri, 09 May 2008 02:04:11 +0000

D,
I worded the response in a poor way. Three weeks tight does occur near the top when it is happening but moving averages are trending higher and the market is moving higher, not trading below the 200-d m.a. as it is now.

I don’t clarify FSLR as a three weeks tight pattern. But then again, technical analysis is not an exact science; it’s based on odds. Some win, some lose.

I agree that CANSLIM doesn’t have great sell signals but three weeks tight is a buying strategy from a CANSLIM perspective.

By: Chris

Chris — Fri, 09 May 2008 01:58:41 +0000

Dima,
I agree with some of what you say but with the profits the oil companies are making, the price of gas does not have to be $4 per gallon. Europe imports more oil per barrel then it produces when compared to the US so it’s not apples-to-apples.

By: D

Thu, 08 May 2008 13:27:07 +0000

“three weeks tight happens … usually in mid-stream of an uptrend. Churning happens near or at new highs on above average volume.”

Anything that happens “mid-stream of an uptrend” would appear to be “near or at new highs” when its happening – “mid-stream of an uptrend” by definition can’t be determined till well after the fact.

Another of those Canslim-style sell signals that only work in hindsight.

By: chrisperruna.com » Blog Archive » Market Distribution

chrisperruna.com » Blog Archive » Market Distribution — Thu, 08 May 2008 13:02:23 +0000

[...] The Big Decline [...]

By: Dima

Dima — Thu, 08 May 2008 12:58:28 +0000

Janet,

with US being the #1 in terms of oil consumption, China and India not far behind, you think these prices are pure speculation? Think again. Europe was long ago paying around $8 per gallon, thus $4 a gallon for the US is something shameful to complain about. People are finnally getting was was long due here..$5-7 per gallon.

By: Janet

Janet — Thu, 08 May 2008 04:31:47 +0000

With oil going through the roof what’s left for stocks to do but go down. This frenzy on oil is driven purely by speculation and FEARMONGERING. Ho Hum, GREED GREED GREED.

By: Angelo

Angelo — Thu, 08 May 2008 03:44:29 +0000

thanks,its great reading,I buy the beer if your evere in Niagara Falls