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Aqui está ele. 
Um abraço,
Ulisses
"When the Market Inhales, Be Ready to Buy"
By Jeff Cooper
TheStreet.com Contributor
01/15/2004 07:09 AM EST
"This report is being written just before the close on Wednesday due to a meeting I have. So by the time you read this, we will all know whether the great expectations for Intel's (INTC:Nasdaq - commentary - research) earnings as well as the other two amigos, Yahoo! (YHOO:Nasdaq - commentary - research) and Apple (AAPL:Nasdaq - commentary - research), were warranted. We will know if Intel had blowout numbers.
Given the sea of money that has buoyed up techs ahead of earnings watch, the bulls certainly better hope that the numbers are a blowout because the bar has been raised to lofty levels. Will they sell on the news?
On Tuesday, the daily chart on the Nazz, the Russell 2000 and the S&P turned down and found low within hours. That in itself is very bullish behavior. A 10-minute chart of the S&P on Tuesday (shown in the pivot report section of my Trading Reports newsletter) shows how the S&P is proving the 1116 pivot by tracing out a double bottom at this "Master Square."
Think of the turn-down in the daily chart as an inhale when the market is in a sprint. That does not mean to say that every inhale is a buying opportunity in a fast move. But, when a turn-down tags a key pivot, such as 1116, you have to be there, or be "Square" (pun intended).
The point is that runaways typically don't give more than one to three days of pullback. The observation of this behavior is how I developed the Cooper 1-2-3 Pullback strategy for strongly trending stocks.
Now that even the most well-rehearsed and well-washed bulls are calling for a correction, it seems that it is their turn in the barrel -- it is their turn to get frustrated. This is, of course, the market's due.
Accordingly, the indices turned right back up on Wednesday. However, the S&P is inching closer and closer to our first projection of 1136. Remember that the next projection is 1150/1160.
The reason for pointing this out is twofold: I am not trying to rain on anybody's parade or putting up barbed wire in Pamplona. It's just that, in my experience, once levels of potential resistance (or support) are reached, it's easy to extrapolate prices to the moon. Secondly, I want to remind everyone that it is the behavior at these levels that is important -- not the numbers in and of themselves. "
(in www.realmoney.com)
Um abraço,
Ulisses
"When the Market Inhales, Be Ready to Buy"
By Jeff Cooper
TheStreet.com Contributor
01/15/2004 07:09 AM EST
"This report is being written just before the close on Wednesday due to a meeting I have. So by the time you read this, we will all know whether the great expectations for Intel's (INTC:Nasdaq - commentary - research) earnings as well as the other two amigos, Yahoo! (YHOO:Nasdaq - commentary - research) and Apple (AAPL:Nasdaq - commentary - research), were warranted. We will know if Intel had blowout numbers.
Given the sea of money that has buoyed up techs ahead of earnings watch, the bulls certainly better hope that the numbers are a blowout because the bar has been raised to lofty levels. Will they sell on the news?
On Tuesday, the daily chart on the Nazz, the Russell 2000 and the S&P turned down and found low within hours. That in itself is very bullish behavior. A 10-minute chart of the S&P on Tuesday (shown in the pivot report section of my Trading Reports newsletter) shows how the S&P is proving the 1116 pivot by tracing out a double bottom at this "Master Square."
Think of the turn-down in the daily chart as an inhale when the market is in a sprint. That does not mean to say that every inhale is a buying opportunity in a fast move. But, when a turn-down tags a key pivot, such as 1116, you have to be there, or be "Square" (pun intended).
The point is that runaways typically don't give more than one to three days of pullback. The observation of this behavior is how I developed the Cooper 1-2-3 Pullback strategy for strongly trending stocks.
Now that even the most well-rehearsed and well-washed bulls are calling for a correction, it seems that it is their turn in the barrel -- it is their turn to get frustrated. This is, of course, the market's due.
Accordingly, the indices turned right back up on Wednesday. However, the S&P is inching closer and closer to our first projection of 1136. Remember that the next projection is 1150/1160.
The reason for pointing this out is twofold: I am not trying to rain on anybody's parade or putting up barbed wire in Pamplona. It's just that, in my experience, once levels of potential resistance (or support) are reached, it's easy to extrapolate prices to the moon. Secondly, I want to remind everyone that it is the behavior at these levels that is important -- not the numbers in and of themselves. "
(in www.realmoney.com)
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ulisses podias por este post do:
Jeff Cooper
When the Market Inhales, Be Ready to Buy
When a turn-down tags a key pivot, such as S&P 1116, it is time to make a move.
um abraço.
Jeff Cooper
When the Market Inhales, Be Ready to Buy
When a turn-down tags a key pivot, such as S&P 1116, it is time to make a move.
um abraço.
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