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knew I shouldn't have held GS, they are taking back all my gains from Fri.
If there is a gap down monday AM, I'll wacth the first couple bars on the 5 minute chart, and if it holds and they come in and support it, I'll get more for a trade. (JMHO) CHUBBIE
yep, but I'll hold the weekend, bad news monday morning and there goes the triple bottom and spx to 1200, but I'll hold. (JMHO) CHUBBIE
bought GS 156.76 (EOM)
retests,it will be a steal,(JMHO) http://stockcharts.com/h-sc/ui?s=DRYS&p=D&b=5&g=0&id=p23348515159
little more I'll buy it for a quickie, http://stockcharts.com/h-sc/ui?s=WFMI&p=D&b=5&g=0&id=p90437154374
neg diverg, slow stochs, cci, NDX 60 (eom0
yes, and its a Friday as well, and everybody knows big bank earnings are next week
XOM H&S, SST 84.9 (JMHO)
RIG buy trigger 140.7 (JMHO)
FLR, cup and handle off a "W" bottom GTC buy trigger 142(JMHO)
do, bearish ascending wedge, 121.1 GTc sst (JMHO)
68 million traded on q's by 10am, ut oh. (JMHO)
what a mess. Geez, ya think they'll finally get the idea that banks becoming insolvent and the fed having to step in really is a bad thing? wait until ya see wht happens to the little banks that were drawn in by these big banks. The possibility of a second half rally should slip away, dow sub 10k is entirely possible over time. (JMHO) CHUBBIE
out GS 170.48, I'll daytrade it now. (eom)
agree, about Uncle buck. (EOM)
bought some GS.74, not that great of timing, but I'll hold. $TNX did a reversal at 11 am
ya gotta keep one thing in mind,
"THERE AIN"T NO SUCH THING AS ATRIPLE BOTTOM"
careful this could be the making of one of those Hindenbagles,
I knew there was something wrong when all my buy signals went on the other day but there was no money flowing into the market, then the next day came the FED announcement. I think they don't have any idea how much money has flowed out of the market. (JMHO)
with ya on that one, from what I'm seeing 1200 spx or thereabout before I'd touch it. (JMHO) CHUBBIE
Bottom line is capital flight has to be avoided, people are sick of what the U.S has to offer. upside potential is simple, all other asset classes suck, so a return to equitys is entirely possible....if they start to see a glimmer of light at the end of the tuneel. (JMHO) CHUBBIE
Watch Uncle Buck,the dollar should head to the upper 60's, that low of a rate is sustainable, but could send initial shockwaves through the market.So I ask again, which one is the toxic waste, mortgaged backed or U.S. Treasurys? The answer is both, but treasurys are backed by the U.S. government. However, you factor in the "rip" (commission, which on bonds is exorbitant) and inflation, the friggen things are garbage.(JMHO) CHUBBIE
which is the toxic waste,mortgaged backed or U.S.Treasurys?lol
so whaddaya do now? first of all ya watch
the big bank earnings next week for more transparency, second, ya watch to see if lending prices actually come down any. By next week the FEd will have chopped off an unprecedented couple hundred points in recored time, only problem is that banks are still demanding a premium for the money they are lending.It actually costs more to borrow money now than it did 6 months ago. The blood isn't getting to the muscle that needs it and I see this FED move as a temporay stabilizing factor.Shouldn't take long to find out. (JMHO) CHUBBIE
nothing for me today, off to the gym, i'll wait until tomorrows gann date, even though there is the possibility it came in a day early.
Goldman next week. (eom)
i hear ya, i don't buy gap ups, will wait, fed jam on a deeply oversold market, as we all know techicals are only good for short term market direction. (JMHO) CHUBBIE
semi's still aint looking that great, lets see if they can even hold the gap.
there goes HOV and googoo without me, #$%^!. (EOM)
big gann date coming up 3/12/08 (eom)
first time in a long time the macd didn't even cross zero before triggering another sell crossover in years, only good thing is slow stochs are way oversold, maybe a quicckie attempt at a bounce before a huge decline? http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=3&mn=0&dy=0&id=p03410704691
ya know, i was thinking that, the only thing i could come up with is that there is even more money leaving the market that has been reported so far. (JMHO) CHUBBIE
how ya been steve? Looks like down, but I'm going out on a limb when its bounce time and will probably buy the builders. (JMHO) CHUBBIE
TXN. (EOM)
its pretty much there now, right?
Looks like even Spitzer got caught up in the credit crunch,
the prostitution ring told 'em, "No money, no Honey!!" guess they figured he was a bad credit risk for the extra 500 bucks, he shoulda called Angelo at Countrywide. (JMHO) CHUBBIE