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bad news day for GE
yep, when Buffet buys into you, you know you're toast... :~)
Iwas watching the vote on cnbc and had a buy order ready for the QLD.... votes didn't come in, so I cancled the order... :~(
Bailout vote in about an hour or so,.... anyone going to go long here....?
I would think they would have to pass this bill. Could be a big short covering rally after the vote....
What do you think no bailout will mean for the markets?
Could be worse. We could be in Russia! lol!
Open gap at 2261.27 on the NASDAQ 5min. 10 day charts. Looks like it wants to fill. Let's see if it fills this week.
Then, more selling til 1990....?
Fed held steady: No rate cut......
If NASDAQ 2155.42 gets taken out, and I believe it will, then the bottom should be 1990.
I think more pain til 1990. And, it doesn't HAVE to happen this week. I think, though, sometime this month.
And, 1170 for the S&P 500.
19.42 gap looks to fill on the XLF.
Filled. And then some...
i think crude may trade bewteen 90-120 in the next few months before falling sharply again
I think you may be right. This morning, I noticed there was a nice size gap on the DTO chart @ 33 (currently trading @ 43.68).
When that gap fills on DTO, I'll probably go long (if I have cash on hand!). ;~)
Edit: Looks like crude would have to get to around 118.75 for the gap at 33 to fill on the DTO.
Fed hold steady tomorrow.... or cut rates....? I've been hearing some noise lately that the Fed may cut rates tomorrow.... I think they'll hold them....I believe we are entering a period of dis-inflation.... no need to mess with the rates.... imo...
19.42 gap looks to fill on the XLF.
This may be the month when 16.77 gets taken out.... still a few weeks left to go...
WAHZ; How'd they slip this one past us:
http://finance.yahoo.com/q/pr?s=DTO
A 2x short crude ETN. :>)
Hopefully, they eventually lose their a$$.
Remember the Hunt brothers in the 80's? :~)
10690-10700 could be in play. That would be a 61.8% re-tracment off the 2002 low.
I really don't see why stocks should advance. I have a pretty pessimistic outlook on the markets.
But, at the same time, I just try to play a trend, either up or down.
C'mon now everyone: Isn't it now offical that SONS is at POS status?
I swore off that stock awhile ago.
I see. Now the big fight starts. We should see some panic selling in the next few days. ;~)
No, but that's a good one ;~)
I'm still "stuck" in DDM and SSO.
Still waitin' for crude to break down through 120.... maybe tomorrow ;~)
Fert companies have pricing power. They name their price and they get it.
POT's my favorite, though I don't hold it.
Re: Stevens
http://www.reuters.com/article/topNews/idUSWBT00948220080729?feedType=RSS&feedName=topNews&rpc=22&sp=true
and:
http://www.breitbart.com/article.php?id=D927L6B80&show_article=1
Wow! I didn't realize he was that old (84)!
I don't have intraday figures, but I heard crude touched 120 today.
When that level get pierced, let's see what happens....
Yes, it'll take some time to un-wind. War with Iran will spike crude to a new high. REAL HIGH!
But based on TA and FA, I think the high is in.
Stevens I think is being busted for kick-backs and supposedly for "lies".
121.64 crude. Let's see if there's going to be a big battle at 120.
If crude breaks 120 without (much) resistance, look out below..... 80 could come relatively fast.
Thanks. Would love to see the XLF hit 24 again. I think that would be a great place to enter the SKF.
Maybe that gap at 84 gets filled on the SKF.
I cannot see what possible technical or fundamental item you are seeing that would let you come to a conclusion of $40 oil.
Technicaly, Elliot Wave 5 waves up completed. Fundamentaly, the supply is HUGE.
There's a production problem, but not a supply problem.
Unlike water, that there is a finite supply, the amount of oil is infinite. As long as you don't suck it out of the ground all at once, more will be produced.
Don't believe what you learned in school. Oil wasn't produced from dead dinosaurs. It's a by-product produced by enzymes deep within the earth.
Don't believe T. Boone Pickens, either. He's a LIAR! T. Boone's invested HEAVYLY into alt energy. He has to say "we can't drill our way out of this".
The lower the price of crude, the more T. Boone will loose.
Also, I knew oil reached it's peak when GM and F capitulated. The decided to stop making SUV's and pick-up trucks and to start producing more small cars and hybrids.
I'm on record here, as well as other places on the internet as having called $154/bl as the high, in a perfect world.
We reached $147. That could get taken out on a nasty spike because of a news driven event. But, I think the high's in.
JMHO,
df
SKF going to 102. eom.
Hey, look what I just found!:
===============================================================
To: dvdw© who wrote (31761) 7/22/2008 3:56:25 PM
From: da_cheif™ 2 Recommendations of 31767
yup....lettem choke on der chit......me thinks 50 bux oil is coming.....gonna hava hard time paying for that new city and all them fancy man made islands over der......snort
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24781585
No need to. Just wait til August 1st, 2012 and see where the price of crude sits.
Keep in mind, that just recently, weeks ago, even the Saudis were saying the fair market price of crude was $60/bl.
And that was when crude was trading in the $140's.
BTW, watch the 120 level. Breaking that, and crude could freefall rapidly. $80 could come pretty quickly.
I'm sure there may be a big battle around the 120 area.
LMAO! We'll see..... when oil was at $12/bl, if I told you it was going to 150, you'd have said I was insane.....
The opposite is now happening..... no one wants to believe it's going back to $40..... it'll bottom arounD $25/BL, AT LEAST, AND POSSIBLY AS LOW AS $14.70 AS AN ABSOLUTE LOW.....
See ya at the bottom..... ;~)
Because crude is working it's way towards $40/bl, at least.
AMR is going to 12.28, at least, and likely to 17.98. :~)
It all depends on earnings:22.60 first stop for Sandisk (SNDK)if the report is good. :~)
If not, the bottom at 16 will be taken out. Downside, I have 15. :~(
Next target I have for the SKF is 125.10
That would be a 50% re-tracement from the start of W1 to the high of W5.
Targets for the XLF are 22 and then 23.35
No. Right now I'm in DDM ansd SSO. I think that Guy dude was right on Fast Money: The way to play crude short is to go long AMR.
Have you noticed what AMR has done since crude's 'tanking'? It's up about 60% in a couple of days.
GM and F have been kickin' ass, too.
XLF could rally back to the 24.75 area, then more carnage.....
Let's see what happens.... :~)
If 150 gets taken out, then I think that gap around 136 will get filled on the SKF.
WOW! I was going to post here earlier today that the SKF may pullback to 166. But since that's been taken out already today. I think we can do better... ;~)
Edit: O.K., let's see if 150 gets hit....
crash like it did in 29
That's where we're heading. I'm not saying right here, right now, but that's where we're heading.
Japan, Asia, Europe.... they have the same financial crisis that we have going. They just won't admitt it yet. But the same problems are there, world wide.
The SEC admitts they don't give a damn about "naked short selling" of stocks. They admitt it exists, but do nothing.
Now, they're concerned about naked short selling in financial stocks and want to stop it.
If you own tech, or bio, or whatever, and it gets shorted "naked", SCREW YOU! That is what the SEC is telling us.
http://biz.yahoo.com/rb/080715/sec_shortselling.html