Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Answers: To Buy or Not to Buy?


The critters dig in for the battle of Turnaround Tuesday.

  • Where's Chloe?

  • Why do societies collapse?

  • Is Boo Throwing Stones in front of Saturday night's Garden revival?

  • Is it a coincidence that Friday's high tick was S&P 875, our oft-discussed level of lore?

  • Do traders follow technical analysis because it works or does technical analysis work because folks follow it?

  • Wouldn't Hoofy make the case that a pause that refreshes is positive given we were so overbought and a breakout of that magnitude wouldn't have been sustainable given the field position (leading, quite possibly, to a pop & drop)?

  • Wouldn't Boo, through his secular lens, offer that the sharpest rallies occur in the context of bear markets and the fact that we've seen the sharpest bear market rally in history portends that the grizzliest bear market ever might be in motion?

  • What has Smita Sadana's in depth research on historical bear markets, bear market rallies and confirmations of new bull markets taught us? Find out with her Bull Market Timer.

  • Did you know that it's impossible to touch your elbow with your tongue?

  • Societal acrimony? What societal acrimony?

  • While we've been monitoring the two-sided gap in the financial crack (FAS)-which "works" to $6.25-shouldn't we sync that with the corresponding gap in the financial spiders (XLF), which "works" to $9.25?

  • And if we draw trend lines with a crayon rather than a pencil, wouldn't BKX 30 be acceptable wiggle room?

  • Either way, is the "easy trade" the first fade (buy) in the financials today?

  • Given we switched our stylistic approach to "buying dips to sell blips" in early March, at what point should we flip that switch to "selling blips to buy dips?"

  • Now... or after S&P 875 triggers and paves the way towards S&P 975, sucking in the last bear standing?

  • If we put one disciplined foot in front of the other, do we necessarily need to answer that right here and right now?

  • What lucky company is gonna land (Minyanville Advisory Board member) Wenda Harris Millard?

  • If the guy who invented Sno-Cones can bank massive coin, shouldn't we be able to trade this tape and make some cake?

  • Isn't it nuts how many in the mainstream media base their bias reactively to the price action?

  • Is Hoofy's argument that the sharpest pullbacks occur in the context of a bull market the only lipstick we can put on the (20% loss in select) pigs yesterday?

  • Will you be watching the dry eyes from yesterday (Morgan Stanley (MS), Amazon (AMZN), Halliburton (HAL)) for potential traction today?

  • Is Starkwood Industries art that imitates life?

  • Have you tossed the Broadcom (BRCM)-Emulex (ELX) deal into your "incremental positive" pool?

  • Do you remind yourself daily that the greatest opportunities are bred from the most profound obstacles?

  • Would now be a good time to remind ye faithful of the importance of financial staying power?

  • Have the excesses of our generation officially started to trickle down to the next?

  • Dude, did you really try to touch your elbow with your tongue? Don't you feel silly now?


In memory of our fallen friend and trusted colleague, Bennet Sedacca, 100% of the donations made to the RP Foundation through April will be channeled to philanthropic endeavors consistent with the RP mission, working closely with the Sedacca clan in the distribution of those funds. We thank you kindly for your support as we strive to effect positive change in the lives of children.

< Previous
  • 1
Next >
Position in FAS

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos