[Chris Scoreboard Johnston]

Ironically when trying to call a bottom during a decline like this it becomes tough because the rules of the game are being re-written while it is being played. As a result many timing tools have been rendered worthless, the VIX to name one.

However, the one fundamental tool that has kept me out of trouble here has been watching the level of commercial buying or lack thereof. During the last decline that made the bottoms in 2002 and 2003, all one had to do was buy when the commercials began buying and they would have been in within a week of each of the major lows. It is exactly what I did. Recently during this whole decline the commercials have stayed solidly on the short side of the market, until this changes there is no reason to look at the long side in my opinion.

Commercials are hedgers by nature so usually they will be scale down buyers due to their basic function, which would normally reflect buying during moves like this. When they are selling it is an abnormal pattern which most often is very bearish. It is kind of an art reading this report and interpreting it and it is something I am constantly learning from even though I have watched it for many years.

With all that aside, I will not be looking for longs until the commercials show significant buying and there is no sign of that yet.

Guessing levels is tough but there does seem to be some confluence of things in the DOW 5500 area including elliott wave counts which I don’t use, and some valuation models. I don’t predict numbers that is for ego, I trade. However, those are numbers that if reached I might scale in buy without waiting for other things. I hope we don’t go that far. I would rather buy at higher prices than that if the conditions are right. Moving average crossovers like what was alluded to do not work, every study I have ever done or read about shows a net loss of money with those strategies so don’t use them.

[Chris Scoreboard Johnston]

Ironically when trying to call a bottom during a decline like this it becomes tough because the rules of the game are being re-written while it is being played. As a result many timing tools have been rendered worthless, the VIX to name one.

However, the one fundamental tool that has kept me out of trouble here has been watching the level of commercial buying or lack thereof. During the last decline that made the bottoms in 2002 and 2003, all one had to do was buy when the commercials began buying and they would have been in within a week of each of the major lows. It is exactly what I did. Recently during this whole decline the commercials have stayed solidly on the short side of the market, until this changes there is no reason to look at the long side in my opinion.

Commercials are hedgers by nature so usually they will be scale down buyers due to their basic function, which would normally reflect buying during moves like this. When they are selling it is an abnormal pattern which most often is very bearish. It is kind of an art reading this report and interpreting it and it is something I am constantly learning from even though I have watched it for many years.

With all that aside, I will not be looking for longs until the commercials show significant buying and there is no sign of that yet.

Guessing levels is tough but there does seem to be some confluence of things in the DOW 5500 area including elliott wave counts which I don’t use, and some valuation models. I don’t predict numbers that is for ego, I trade. However, those are numbers that if reached I might scale in buy without waiting for other things. I hope we don’t go that far. I would rather buy at higher prices than that if the conditions are right. Moving average crossovers like what was alluded to do not work, every study I have ever done or read about shows a net loss of money with those strategies so don’t use them.

[Chris Scoreboard Johnston]

Ironically when trying to call a bottom during a decline like this it becomes tough because the rules of the game are being re-written while it is being played. As a result many timing tools have been rendered worthless, the VIX to name one.

However, the one fundamental tool that has kept me out of trouble here has been watching the level of commercial buying or lack thereof. During the last decline that made the bottoms in 2002 and 2003, all one had to do was buy when the commercials began buying and they would have been in within a week of each of the major lows. It is exactly what I did. Recently during this whole decline the commercials have stayed solidly on the short side of the market, until this changes there is no reason to look at the long side in my opinion.

Commercials are hedgers by nature so usually they will be scale down buyers due to their basic function, which would normally reflect buying during moves like this. When they are selling it is an abnormal pattern which most often is very bearish. It is kind of an art reading this report and interpreting it and it is something I am constantly learning from even though I have watched it for many years.

With all that aside, I will not be looking for longs until the commercials show significant buying and there is no sign of that yet.

Guessing levels is tough but there does seem to be some confluence of things in the DOW 5500 area including elliott wave counts which I don’t use, and some valuation models. I don’t predict numbers that is for ego, I trade. However, those are numbers that if reached I might scale in buy without waiting for other things. I hope we don’t go that far. I would rather buy at higher prices than that if the conditions are right. Moving average crossovers like what was alluded to do not work, every study I have ever done or read about shows a net loss of money with those strategies so don’t use them.

[Chris Scoreboard Johnston]

Ironically when trying to call a bottom during a decline like this it becomes tough because the rules of the game are being re-written while it is being played. As a result many timing tools have been rendered worthless, the VIX to name one.

However, the one fundamental tool that has kept me out of trouble here has been watching the level of commercial buying or lack thereof. During the last decline that made the bottoms in 2002 and 2003, all one had to do was buy when the commercials began buying and they would have been in within a week of each of the major lows. It is exactly what I did. Recently during this whole decline the commercials have stayed solidly on the short side of the market, until this changes there is no reason to look at the long side in my opinion.

Commercials are hedgers by nature so usually they will be scale down buyers due to their basic function, which would normally reflect buying during moves like this. When they are selling it is an abnormal pattern which most often is very bearish. It is kind of an art reading this report and interpreting it and it is something I am constantly learning from even though I have watched it for many years.

With all that aside, I will not be looking for longs until the commercials show significant buying and there is no sign of that yet.

Guessing levels is tough but there does seem to be some confluence of things in the DOW 5500 area including elliott wave counts which I don’t use, and some valuation models. I don’t predict numbers that is for ego, I trade. However, those are numbers that if reached I might scale in buy without waiting for other things. I hope we don’t go that far. I would rather buy at higher prices than that if the conditions are right. Moving average crossovers like what was alluded to do not work, every study I have ever done or read about shows a net loss of money with those strategies so don’t use them.

[Chris Scoreboard Johnston]

Ironically when trying to call a bottom during a decline like this it becomes tough because the rules of the game are being re-written while it is being played. As a result many timing tools have been rendered worthless, the VIX to name one.

However, the one fundamental tool that has kept me out of trouble here has been watching the level of commercial buying or lack thereof. During the last decline that made the bottoms in 2002 and 2003, all one had to do was buy when the commercials began buying and they would have been in within a week of each of the major lows. It is exactly what I did. Recently during this whole decline the commercials have stayed solidly on the short side of the market, until this changes there is no reason to look at the long side in my opinion.

Commercials are hedgers by nature so usually they will be scale down buyers due to their basic function, which would normally reflect buying during moves like this. When they are selling it is an abnormal pattern which most often is very bearish. It is kind of an art reading this report and interpreting it and it is something I am constantly learning from even though I have watched it for many years.

With all that aside, I will not be looking for longs until the commercials show significant buying and there is no sign of that yet.

Guessing levels is tough but there does seem to be some confluence of things in the DOW 5500 area including elliott wave counts which I don’t use, and some valuation models. I don’t predict numbers that is for ego, I trade. However, those are numbers that if reached I might scale in buy without waiting for other things. I hope we don’t go that far. I would rather buy at higher prices than that if the conditions are right. Moving average crossovers like what was alluded to do not work, every study I have ever done or read about shows a net loss of money with those strategies so don’t use them.

[Chris Scoreboard Johnston]

Not buying any stocks yet, I need a buy signal in the SP 500 before going into indiv stocks that I think are undervalued. I am looking for another leg down, but if this triple bottom does hold I will look for longs in stocks. The problem AA may have is the 92 billion of commodities positions still held by funds that need to be liquidated. This will effect all companies with raw material exposure like AA. It is however the most undervalued stock in the Dow by the numbers.

Hannity has just been very outspoken against the president elect, so that was kind of a joke, but if the paranoid people are right and they are going to try and silence opposition, he is certainly a logical stealth target for them to go after. I don’t buy into this but the basic theme of this thread was kind of a comspiracy theory so I threw that out as a joke. I have seriously considered taking a good chunk of money and parking it out of this country just in case the worst case scenario played out. I thought he might also as I would imagine he has a good chunk.

[Chris Scoreboard Johnston]

Not buying any stocks yet, I need a buy signal in the SP 500 before going into indiv stocks that I think are undervalued. I am looking for another leg down, but if this triple bottom does hold I will look for longs in stocks. The problem AA may have is the 92 billion of commodities positions still held by funds that need to be liquidated. This will effect all companies with raw material exposure like AA. It is however the most undervalued stock in the Dow by the numbers.

Hannity has just been very outspoken against the president elect, so that was kind of a joke, but if the paranoid people are right and they are going to try and silence opposition, he is certainly a logical stealth target for them to go after. I don’t buy into this but the basic theme of this thread was kind of a comspiracy theory so I threw that out as a joke. I have seriously considered taking a good chunk of money and parking it out of this country just in case the worst case scenario played out. I thought he might also as I would imagine he has a good chunk.

[Chris Scoreboard Johnston]

Not buying any stocks yet, I need a buy signal in the SP 500 before going into indiv stocks that I think are undervalued. I am looking for another leg down, but if this triple bottom does hold I will look for longs in stocks. The problem AA may have is the 92 billion of commodities positions still held by funds that need to be liquidated. This will effect all companies with raw material exposure like AA. It is however the most undervalued stock in the Dow by the numbers.

Hannity has just been very outspoken against the president elect, so that was kind of a joke, but if the paranoid people are right and they are going to try and silence opposition, he is certainly a logical stealth target for them to go after. I don’t buy into this but the basic theme of this thread was kind of a comspiracy theory so I threw that out as a joke. I have seriously considered taking a good chunk of money and parking it out of this country just in case the worst case scenario played out. I thought he might also as I would imagine he has a good chunk.

[Chris Scoreboard Johnston]

Not buying any stocks yet, I need a buy signal in the SP 500 before going into indiv stocks that I think are undervalued. I am looking for another leg down, but if this triple bottom does hold I will look for longs in stocks. The problem AA may have is the 92 billion of commodities positions still held by funds that need to be liquidated. This will effect all companies with raw material exposure like AA. It is however the most undervalued stock in the Dow by the numbers.

Hannity has just been very outspoken against the president elect, so that was kind of a joke, but if the paranoid people are right and they are going to try and silence opposition, he is certainly a logical stealth target for them to go after. I don’t buy into this but the basic theme of this thread was kind of a comspiracy theory so I threw that out as a joke. I have seriously considered taking a good chunk of money and parking it out of this country just in case the worst case scenario played out. I thought he might also as I would imagine he has a good chunk.

[Chris Scoreboard Johnston]

Not buying any stocks yet, I need a buy signal in the SP 500 before going into indiv stocks that I think are undervalued. I am looking for another leg down, but if this triple bottom does hold I will look for longs in stocks. The problem AA may have is the 92 billion of commodities positions still held by funds that need to be liquidated. This will effect all companies with raw material exposure like AA. It is however the most undervalued stock in the Dow by the numbers.

Hannity has just been very outspoken against the president elect, so that was kind of a joke, but if the paranoid people are right and they are going to try and silence opposition, he is certainly a logical stealth target for them to go after. I don’t buy into this but the basic theme of this thread was kind of a comspiracy theory so I threw that out as a joke. I have seriously considered taking a good chunk of money and parking it out of this country just in case the worst case scenario played out. I thought he might also as I would imagine he has a good chunk.

[Chris Scoreboard Johnston]

He will always be a target because he is high profile and is a loud mouth. People in power never like people like him. Let’s just see maybe he actually did something wrong. Cases or investigations like this are not launched frivilously. The govt usually has someone nailed before they go after them on this count. If they were trying to spank him, they would have gone after him in a different way, audits etc..

I am interested to see if Sean Hannity winds up on the run once the new administration takes over. If I were him I would have stashed a mill or two outside of the country just in case.

[Chris Scoreboard Johnston]

He will always be a target because he is high profile and is a loud mouth. People in power never like people like him. Let’s just see maybe he actually did something wrong. Cases or investigations like this are not launched frivilously. The govt usually has someone nailed before they go after them on this count. If they were trying to spank him, they would have gone after him in a different way, audits etc..

I am interested to see if Sean Hannity winds up on the run once the new administration takes over. If I were him I would have stashed a mill or two outside of the country just in case.

[Chris Scoreboard Johnston]

He will always be a target because he is high profile and is a loud mouth. People in power never like people like him. Let’s just see maybe he actually did something wrong. Cases or investigations like this are not launched frivilously. The govt usually has someone nailed before they go after them on this count. If they were trying to spank him, they would have gone after him in a different way, audits etc..

I am interested to see if Sean Hannity winds up on the run once the new administration takes over. If I were him I would have stashed a mill or two outside of the country just in case.

[Chris Scoreboard Johnston]

He will always be a target because he is high profile and is a loud mouth. People in power never like people like him. Let’s just see maybe he actually did something wrong. Cases or investigations like this are not launched frivilously. The govt usually has someone nailed before they go after them on this count. If they were trying to spank him, they would have gone after him in a different way, audits etc..

I am interested to see if Sean Hannity winds up on the run once the new administration takes over. If I were him I would have stashed a mill or two outside of the country just in case.

[Chris Scoreboard Johnston]

He will always be a target because he is high profile and is a loud mouth. People in power never like people like him. Let’s just see maybe he actually did something wrong. Cases or investigations like this are not launched frivilously. The govt usually has someone nailed before they go after them on this count. If they were trying to spank him, they would have gone after him in a different way, audits etc..

I am interested to see if Sean Hannity winds up on the run once the new administration takes over. If I were him I would have stashed a mill or two outside of the country just in case.

[Author]

Posts