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I spoke to him a month ago. He had to return to eastern Europe for personal reasons. He's in a bad place and time.
I was hoping to find him in Canada.
It's a reality check when you leave the States. As my wife once remarked: "Afghanistan looked the same before the war."
Vesselin made the observation years(!) back that we would see more extreme extremes with the coming years.
Maybe it takes more now to catch one's attention. <ng>
You have two appointed governmental clowns now whose priorities are different than from what has to be done.
Volcker will end up at the Fed again before this fiasco is done.
Chartists are trapped in the land of a-b-cs.
a healthy 4th of july to u.
abcxabc
Yes.
FWIW
The XLF is at the bottom of its down channel. I'll be rather surprised to see it close lower than $20.03.
There's probably a $2-$4 move up here before one needs to reassess it.
Perhaps one more (Monday A.M.) flush for this decline. <ng>
Channel-bound.
11,200-11,500 still the target.
P/C Ratio says: FEAR.
P/C Ratio = 1.22......2P.M.
Perhaps Dow 11,500 to add spice to the mix.
Can't get excited by this CONtrolled decline.
Channel bound.
That's truly an amazing prediction. Consider that you are in good company with both Prechter and Neely. At best we move between 1280-1375. Yesterday I thought we might first visit Dow 11,200, but, even that window is beginning to close rapidly.
For the next month or so, impossible and improbable Bullish TA is about to overwhelm logical and self-evident Bearish FA.
Odds 'n Ends
Tight trading bands, Westy...CME and lots of others.
Your three peaks and a dome only occurs in a fifth which is still on the horizon.
U're lookin' now at an ongoing impressive multi-year complex abcxabc (Wave 4.)
Then there's ASA lookin' like it's ready to make its move even though it's quietly putting in a LH and LL.
We'll do 11,200, MAYBE, and then head up to the top of the down channel.
We have miles and miles to go... with DEFLATION the real menace at the gate. Our economy is bad BUT theirs is worse. Pick one.
You have to admire how much China can hide under the rug.
It's a big rug.
aj
we're resting solidly on the median of the bollinger band.
this ain't the beginnings of a surge.
i'm ready to eat crow at the top of the channel band. prove me wrong.
let 'er rip. i WANT 13550
the fur is going up on the back of the cat but it still doesn't make it any taller.
POT is riding the median as well;
it's in an up-channel but can break ether way, too.
<The SSEC, which was The Truth in 2007, is headed towards the 2008 lows again.>
Indeed.
I've been watching these two since May. Considering that some Asian posters believe H.K. is "bullet-proof"...
http://finance.yahoo.com/q/bc?t=3m&s=%5EHSI&l=on&z=m&q=l&c=&c=%5EDJI
Range bound.
DOW 11550-13250.
The bias is both SIDEWAYS and down.
Great trading vehicle.
The spread looks big but percent-wise and from where we are sitting NOW I don't think it is. We can go sideways for four weeks and chew up both sides.
DIA moved from opening to close nine hundreds of a point(0.09).
Impressive masking.
We are still hugging the top of the down channel.
i'm lookin' at the spx and dow as well. (5-yr, weekly and daily)
if we CLOSE, in the next two or three days, at 2025 with Wave B on the NDX, i'm gonna be impressed. (it closed higher than i thought last week but the direction is down for the next couple of weeks even though technology has compressed time.)
i-pods are for discretionary income.
at best you'll get a nominal high later with the B-wave but i don't see evidence for a new leg up OR for the high.
i keep on seeing LHs and LLs on stocks.
the bond market also has my full attention.
the rabbits are still coming out of the hat, Aj, but, they're gettin' smaller in size.<ng>
NDX
from mid March to now.
completed five waves.
starting down in wave a or larger correction.
alternate count? i don't see a remission.
NDX: Gonna be surprised if it gains more than 1% from here.
<Earth's real problem>
Think potable water. That's this century's Achilles heel. Forget energy and over-population.
aj
well...we should be putting in a possible "bottom" on the SnP by tuesday if not today. i'll give u another 1% down.
aside--
(1)china's gonna have some interestin' needs for rebuilding their earthquake damaged region(s). that in conjunction with any meaningful hurricanes hitting OUR mainland this year and the inflationary pressures will be intense for building materials.
no need to export to Walmart when there are 300,000 homeless Chinese families.
the stories are beginning.
(2)oil is inflicting real pain on rural areas where busing school kids is a necessity and not a choice. no one has worked thru this baby. so you have school three days a week to conserve. whatdayou do with the children the other two days of the week. home alone?
P
re: Bank Credit and Mortgage Issues
I'm still concerned about the sow's ear they are trying to hide in a silk purse.
Creative Accounting 101.
Forget "acute."
It is the "chronic" that will kill you if masked.
MZZ broke out of its five-day down channel.
Act IV, Scene IV.
The TOP is in.
We're in the <1% zone. <ng>
Nice daily "move" on DRYS.
Large oil companies are sovereign nations.
If you had told Gandhi in August of 1947, that in less than eight decades, India would own Jaguar...
The air is starting to get thin here. Break out the OHHH-2 tanks.
<It has a feel of no sellers. Will that change?>
Too many people waiting for a decline, therefore, stopped in time. (I had AAPL at a top twenty dollars ago. I was wrong.)
You gotta be impressed with it all.
it has the feel of short-covering only
Since it's not a current article, and, not on a list of high contemporary concerns, one might assume there is either indifference or ignorance towards the issue. We are still oriented towards curative measures and not preventive ones.
http://seekingalpha.com/article/55392-cadmium-telluride-casts-shadow-on-first-solar#comment_form
It's fair to say Richard Daughty hasn't been reading Don Coxe.
OT
from another site:
President Felipe Calderon of Mexico has announced Mexico will not participate in the next Summer Olympics.
He stated, "Casi todos los que pueden correr, saltar, o nadar han salido ya del pais."
Translation: "Pretty much everyone who can run, jump, or swim has already left the country."
"Latte liberals." <g>
r u following the retracement on the UTES?
<conjecture he sold shares to pay his taxes?>
they justify sales by claiming it's part of one's "estate planning"
<what time frame does this steep channel exist>
within four months $100-130
AAPL is at the top of a steep down-channel.
It's the next energy play. Color it Dubai.
Down.
Richard Ney discussed this in his first book. He was incorrect on several fronts but not on this one.
Bale,
re: 1/3
where do i sign up and is it direct deposit or do i have to go through a Nigerian intermediary? <gg>
DJIA:
Monday-Wednesday down only 5-7% if we are lucky.
C-Wave.