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nice Chart Fred Thanks !!!!
nice W@G ED !!!
lol u get some non oak Chardonnay ?? I highly recommend it..
sorry have way to many things going on to go any where.. made it to Vegas in Aug. for 4 days was the first time we got to go anywhere for almost a year ...
I figure it will be my luck that when we finally get the time to go both be to old to go ...
lol nice to see u back and posting !!!
IMO Burnanke is screwed ...
check the graphic out here ---
http://blogs.wsj.com/economics/2012/09/13/timeline-how-markets-respond-to-fed-action/tab/interactive/
Bernanke Should Do the Right Thing and Not Say He’s Sorry
By the Editors Sep 12, 2012 5:30 PM CT
If Federal Reserve Chairman Ben S. Bernanke fails this week to announce new measures to stimulate the U.S. economy, he’d better have a good reason. We can only think of a bad one, and we urge Bernanke to refute it explicitly.
For weeks, Bernanke has been signaling to the financial markets that he will act. If he fails to follow through when the Fed’s policy-making committee meets Sept. 13, it will probably be because, with the presidential election coming in November, he wants to shield the Fed from the charge that it’s doing the Obama administration’s bidding. That’s the bad reason he should confront and dismiss.
At the central bankers’ conference Aug. 31 in Jackson Hole, Wyoming, Bernanke said that quantitative easing -- the Fed’s policy of buying bonds to lower interest rates -- has boosted the recovery and, though it’s no magic cure, can work again. When the Fed engages in “large scale asset purchases,” as it calls them, it affirms its commitment to keep monetary conditions loose. Two previous rounds of quantitative easing, according to Fed economists, raised economic output by almost 3 percent and created more than 2 million private-sector jobs.
Airtight Case Nonetheless, the recovery continues to flag. Last week’s disappointing jobs figures were only the latest sign of a subpar expansion. Bernanke insists that the Fed takes its dual mandate seriously, striving for full employment as well as low inflation. So with weak growth, persistently high joblessness and no sign of mounting inflationary strain, the case for more quantitative easing is airtight, so long as the Fed believes it can help.
Almost two-thirds of economists surveyed by Bloomberg expect Bernanke to announce a third round of quantitative easing. We hope they’re right, and hope too that the Fed, for the first time, makes its program open-ended. There’s no need to announce a limit on the scale of planned purchases. The Fed should say it will begin a new round of stimulus and will maintain its efforts to support demand until economic conditions show clear signs of improvement.
Bernanke can expect to be criticized for doing the right thing. Hostility to the Fed’s efforts to spur the recovery -- restrained as the efforts have been in recent months -- is a theme in Republican Mitt Romney’s presidential campaign. There’s talk of tougher audits and other ways of tying the Fed’s hands. Romney has said that, if elected, he won’t reappoint Bernanke to the Fed when his term ends in January 2014 unless he behaves more “responsibly.”
If Bernanke goes ahead with QE3, as we expect, he’ll probably take care to swerve away from these attacks. His style is to avoid controversy -- a low-key approach that in this case could undermine his policies by casting them in overly timid terms. Instead, he ought to be bold in two ways. First, he should assure markets that the new round of easing will be powerful enough to work. Second, he should turn the pressure back on Washington to break its policy paralysis and lift the threat of the so-called fiscal cliff, a combination of growth- killing tax increases and spending cuts that will come into force at the beginning of 2013 unless Congress acts.
Bernanke is quite right to say, as he often does, that monetary policy can’t do it all. But there are two ways to make that necessary point. It can be cast as an apology for failing to get the economy moving and a warning not to expect much progress, or as a criticism of Congress’s failure to do its job. Bernanke should dial back the apology and take on his critics.
In particular, Bernanke ought to confront the complaint that QE3 is mainly to help President Barack Obama’s re-election. That’s nonsense, and he should explain why. He’s acting to save the economy, not the president. If he chose not to act, when the objective economic case for action is so strong, the charge of improper political influence would actually be true. He would be setting his mandate aside because an election was two months away.
You can bet that would be grounds to condemn Bernanke’s economic stewardship. He shouldn’t say sorry for doing his job.
Read more opinion online from Bloomberg View. Subscribe to receive a daily e-mail highlighting new View editorials, columns and op-ed articles.
Today’s highlights: the editors on why Chicago’s teachers union is wrong, on how the euro dodged a German bullet, and on Mitt Romney’s chance on immigration; Caroline Baum on whose policies really created the financial crisis; Michael Kinsley on the similarities between politics and the Olympics; Jonathan Mahler on John Henry’s fall from grace; Cass R. Sunstein on the triumph of cost-benefit analysis; Stephen Starr on why Syrian rebels are losing popular support.
lol have a nice walk it really nice here also
2012 Running W@G results
W@G1 01/02/12 for a 01/04/12 close Last Trade 57.14 ~ 57.53 Farooq off by .39 #msg-70530511
W@G2 01/04/12 for a 01/06/12 close Last Trade 57.81 ~ 57.75 Farooq off by .06 #msg-70633458
W@G1 01/09/12 for a 01/11/12 close Last Trade 58.16 ~ 58.23 paulgmx1 off by .07 #msg-70789693
W@G2 01/11/12 for a 01/13/12 close Last Trade 58.18 ~ 58.67 Kookiekook off by .49 #msg-70889167
W@G1 01/17/12 for a 01/18/12 close Last Trade 59.49 ~ 58.98 paulgmx1 off by .51 #msg-71040468
W@G2 01/18/12 for a 01/20/12 close Last Trade 59.77 ~ 59.02 paulgmx1 off by .75 #msg-71163129
W@G1 01/23/12 for a 01/25/12 close Last Trade 60.43 ~ 60.79 rayrohn off by .36 #msg-71323918
W@G2 01/25/12 for a 01/27/12 close Last Trade 60.40 ~ 60.50 rayrohn off by .10 #msg-71426361
W@G1 01/30/12 for a 02/01/12 close Last Trade 61.02 ~ 60.03 Kookiekook off by .99 #msg-71612463
W@G2 02/01/12 for a 02/03/12 close Last Trade 62.05 ~ 60.16 Kookiekook off by 1.89 #msg-71736968
W@G1 02/06/12 for a 02/08/12 close Last Trade 62.46 ~ 62.13 Kookiekook off by .33 #msg-71887330
W@G2 02/08/12 for a 02/10/12 close Last Trade 62.47 ~ 62.11 Kookiekook off by .36 #msg-72007051
W@G1 02/13/12 for a 02/15/12 close Last Trade 62.77 ~ 62.55 Farooq off by .22 #msg-72180003
W@G2 02/15/12 for a 02/17/12 close Last Trade 63.43 ~ 62.90 Farooq off by .53 #msg-72275851
W@G1 02/21/12 for a 02/22/12 close Last Trade 63.32 ~ 63.80 Never96 off by .42 #msg-72422926
W@G2 02/22/12 for a 02/24/12 close Close not enough entries
W@G1 02/27/12 for a 02/29/12 close Last Trade 64.41 ~ 64.36 Kookiekook off by .05 #msg-72704661
W@G2 02/29/12 for a 03/02/12 close Last Trade 64.87 ~ 64.50 Farooq off by .37 #msg-72841567
W@G1 03/05/12 for a 03/07/12 close Last Trade 64.06 ~ 64.00 rayrohn off by .06 #msg-73006374
W@G2 03/07/12 for a 03/09/12 close Last Trade 65.02 ~ 62.50 Farooq off by 2.52 #msg-73112187
W@G1 03/12/12 for a 03/14/12 close Last Trade 66.49 ~ 64.89 Kookiekook off by 2.40 #msg-73285243
W@G2 03/14/12 for a 03/16/12 close Close not enough entries
W@G1 03/19/12 for a 03/21/12 close Last Trade 67.12 ~ 67.13 Kookiekook of by .01 #msg-73546484
W@G2 03/21/12 for a 03/23/12 close Last Trade 66.94 ~ 66.75 Farooq off by .19 #msg-73636834
W@G1 03/26/12 for a 03/28/12 close Last Trade 67.94 ~ 67.50 Farooq off by .44 #msg-73797485
W@G2 03/28/12 for a 03/30/12 close Close not enough entries
W@G1 04/02/12 for a 04/04/12 close Last Trade 67.30 ~ 67.20 Farooq off by .10 #msg-74073310
W@G2 04/04/12 for a 04/06/12 close Close not enough entries
W@G1 04/09/12 for a 04/11/12 close Last Trade 66.45 ~ 66.50 Farooq off by .05 #msg-74292295
W@G2 04/11/12 for a 04/13/12 close Last Trade 66.19 ~ 67.13 Farooq off by .94 #msg-74401471
W@G1 04/16/12 for a 04/18/12 close Last Trade 66.61 ~ 66.56 Farooq off by .05 #msg-74561847
W@G2 04/18/12 for a 04/20/12 close Last Trade 65.68 ~ 66.11 Kookiekook off by .43 #msg-74669192
W@G1 04/23/12 for a 04/25/12 close Last Trade 66.45 ~ 66.11 Kookiekook off by .34 #msg-74852573
W@G2 04/25/12 for a 04/27/12 close Last Trade 67.24 ~ 65.50 Farooq off by 1.74 #msg-74977166
W@G1 04/30/12 for a 05/02/12 close Last Trade 67.06 ~ 67.23 Kookiekook off by .17 #msg-75145387
W@G2 05/02/12 for a 05/04/12 close Last Trade 64.70 ~ 65.56 rayrohn off by .86 #msg-75237580
W@G1 05/07/12 for a 05/09/12 close Last Trade 64.32 64.90 paulgmx1 off by .58~63.74 Kookiekook off by .58 #msg-75417777
W@G2 05/09/12 for a 05/11/12 close Last Trade 64.18 ~ 64.00 paulgmx1 off by .18 #msg-75530701
W@G1 05/14/12 for a 05/16/12 close Last Trade 62.94 ~ 63.01 rayrohn off by .07 #msg-75666813
W@G2 05/16/12 for a 05/18/12 close Last Trade 60.81 ~ 62.76 Kookiekook off by 1.95 #msg-75779075
W@G1 05/21/12 for a 05/23/12 close Last Trade 62.56 ~ 61.78 paulgmx1 off by .78 #msg-75917325
W@G2 05/23/12 for a 05/25/12 close Last Trade 62.07 ~ 62.00 rayrohn off by .07 #msg-76000894
W@G1 05/29/12 for a 05/30/12 close Last Trade 62.33 ~ 62.55 Farooq off by .22 #msg-76114141
W@G2 05/30/12 for a 06/01/12 close Last Trade 60.41 ~ 61.26 Kookiekok off by .85 #msg-76195150
W@G1 06/04/12 for a 06/06/12 close Last Trade 62.52 ~ 60.66 paulgmx1 off by 1.86 #msg-76349052
W@G2 06/06/12 for a 06/08/12 close Last Trade 62.87 ~ 61.66 paulgmx1 off by 1.21 #msg-76440468
W@G1 06/11/12 for a 06/13/12 close Last Trade 62.13 ~ 62.48 Kookiekook off by .35 #msg-76592144
W@G2 06/13/12 for a 06/15/12 close Last Trade 62.99 ~ 63.00 Farooq of by .01 #msg-76681263
W@G1 06/18/12 for a 06/20/12 close Last Trade 64.29 ~ 63.07 paulgmx1 off by 1.22 #msg-76821510
W@G2 06/20/12 for a 06/22/12 close Last Trade 63.35 ~ 64.00 Farooq off by .65 #msg-76913855
W@G1 06/25/12 for a 06/27/12 close Last Trade 62.90 ~ 63.07 paulgmx1 of by .17 #msg-77040855
W@G2 06/27/12 for a 06/29/12 close Last Trade 64.16 ~ 63.96 paulgmx1 off by .20 #msg-77122829
W@G1 07/02/12 for a 07/03/12 close Last Trade 64.89 ~ 64.72 rayrohn off b y .17 #msg-77203209
W@G2 07/05/12 for a 07/06/12 close Last Trade 64.12 ~ 64.00 Farooq off by .12 #msg-77278840
W@G1 07/09/12 for a 07/11/12 close Last Trade 63.02 ~ 63.00 Farooq off by .02 #msg-77424549
W@G2 07/11/12 for a 07/13/12 close Last Trade 63.38 ~ 63.83 paulgmx1 off by .45 #msg-77504877
W@G1 07/16/12 for a 07/18/12 close Last Trade 64.39 ~ 63.89 Kookiekook off by .50 #msg-77641584
W@G2 07/18/12 for a 07/20/12 close Last Trade 64.24 ~ 64.13 Kookiekook off by .11 #msg-77741635
W@G1 07/23/12 for a 07/25/12 close Last Trade 62.54 ~ 62.50 rayrohn off by .04 #msg-77873863
W@G2 07/23/12 for a 07/27/12 close Last Trade 64.87 ~ 64.12 Kookiekook off by .75 #msg-77960243
W@G1 07/30/12 for a 08/01/12 close Last Trade 64.61 ~ 64.31 Kookiekook off by .30 #msg-78112825
W@G2 08/01/12 for a 08/03/12 close Last Trade 65.60 ~ 65.00 Farooq off by .60 #msg-78195500
W@G1 08/06/12 for a 08/08/12 close Last Trade 66.62 ~ 66.91 Kookiekook off by .29 #msg-78426213
W@G2 08/08/12 for a 08/10/12 close Last Trade 66.86 ~ 67.23 Kookiekook off by .99 #msg-78426272
W@G1 08/13/12 for a 08/15/12 close Last Trade 67.22 ~ 67.50 rayrohn off by .28 #msg-78586464
W@G2 08/15/12 for a 08/17/12 close Last Trade 68.32 ~ 66.86 Kookiekook off by 1.46 #msg-78686229
W@G1 08/20/12 for a 08/22/12 close Last Trade 68.43 ~ 67.89 Kookiekook off by .54 #msg-78831353
W@G2 08/22/12 for a 08/24/12 close Last Trade 68.29 ~67.75 Farooq off by .54 #msg-78919770
W@G1 08/27/12 for a 08/29/12 close Last Trade 68.40 ~ 68.87 Kookiekook off by .47 #msg-79066563
W@G2 08/29/12 for a 08/31/12 close Last Trade 68.16 ~ 67.72 Kookiekook off by .44 #msg-79183398
W@G1 09/04/12 for a 09/05/12 close Last Trade 68.02 ~ 68.00 Farooq off by .02 #msg-79274898
W@G2 09/05/12 for a 09/07/12 close Last Trade 69.43 ~ 67.13 Kookiekook off by 2.30 #msg-79372213
W@G1 09/10/12 for a 09/12/12 close Last Trade 68.63 ~ 68.50 rayrohn off by .13 #msg-79505521
Results W@G1 09/10/12 for a 09/12/12 close
Last Trade 68.63
68.50 rayrohn off by .13
Thanks !!!
thanks !!!
A FWIW post about tobacco Stocks
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79505148
W@G2 09/12/12 for a 09/14/12 close
67.28 rayrohn
New England
thanks
W@G2 09/12/12 for a 09/14/12 close
How Hated Is This Rally ?
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By James Bianco - September 10th, 2012, 8:30AM
CNBC – Most Hated Stock-Market Rally in Years Goes On
The most hated stock market rally in years continues. S&P 500 hits multiyear high — anger and frustration hit multiyear highs. (Read more: Stocks Near Highs, Nasdaq Up 2%; Vix Near 16) S&P 500 at 4.5-year high, Healthcare and Consumer Discretionary (mostly retail and home builders) at historic highs. Markets led by Financials, Materials, Energy, and Industrials. How can this be, my trading friends keep asking me? The economy is mired in sub-2 percent GDP growth. Mario Draghi downgraded the GDP outlook for Europe, not just for 2012, but also for 2013. How can the markets be at new highs? It will still be two steps forward, one step back. Ultimately you still have to make a decision: are you in or out of the market based on Europe?Right now, the market is saying that Europe is turning from a headwind to a potential tailwind. By the way: we are in a strange position. Right now strategists expect the S&P to be LOWER at the end of the year than it is now. The consolidated strategist forecast for the S&P 500 is 1,425, according to S&P Capital IQ. The S&P is at 1,430 midday. Even the strategists have been too conservative.
Comment
We completely disagree with this article. The objective measures shown below like the Investor Intelligence survey (first chart below), the VIX (second chart below) and the Commitment of Traders report (third chart) show nothing even close to what the article contends. If anything, this rally is getting overbought because of too much optimism.
Click to enlarge:
Comment
Many assume this is a hated rally because so many managers have underperformed, as shown below. As we noted last January (here and here), 2011 was an unchanged year for the S&P (no price change with a total return of 2.1% thanks to dividends). However, it was a terrible year for money mangers beating this benchmark. 84% of managers did not beat the S&P 500.
This underperformance by most managers is nothing new. It is a continuation of a trend that started in 2010. As we wrote last January:
When told of the bad performance detailed above, market pros instinctively assume these managers made a bad market call. They were too bearish as the market rallied or too bullish as it declined. However, the data does not support this theory. First, there was no market call to miss this year. The stock market is essentially unchanged, so neither the market bears nor bulls made a bad call. Second, in looking at the data day by day, there is no relationship between the direction of the market and these funds’ performance. Quite simply, they performed poorly in both rallying and declining markets. Finally, this poor performance extends beyond equity managers. As a group, macro managers, fixed-income managers, commodity managers and international managers also had a sub-par year. Not everyone can be right, but it is unusual to see so many be wrong.
In a free market system, money is supposed to be efficiently allocated to good ideas or companies while being denied to poor ideas or companies. Most money managers are not concerned with the overall trend of the market or macro themes. Instead, they are focused on each company’s fundamentals. Both long-only and long/short managers will construct their portfolios via an exhaustive company-by-company selection process.
In today’s highly correlated world, company specifics take a back seat to macro considerations. All that matters is risk-on and/or risk-off. Unfortunately this makes the capital allocation process inefficient. If the average stock is 80% correlated to the S&P 500, then bad ideas rally on risk-on days while good ideas suffer on risk-off days, causing a mispricing of assets. If the capital allocation process is inefficient, then the financial sector will suffer and the economy will struggle. That is exactly what is happening as the last six quarters have seen real GDP grow less than the economy’s perceived “potential” of 2.5% and financial firms have struggled to the point that they continue to seek out Warren Buffett for capital injections.
Statisticians like to say that correlation does not imply causation. So what is the cause of this high correlation? In short, the extreme moves of central banks and governments are being done on a scale unprecedented in modern financial history. It is not central bank/government intervention that is new, but rather its pure scope and size.
James Grant of Grant’s Interest Rate Observer calculates that the total fiscal and monetary intervention during the Great Depression (September 1929 to July 1933) was equal to 8.3% of GDP. That was enough to pay for the indelible images in our memories of WPA work camps, FDIC insurance to stop bank runs and government-run soup lines. During the Great Recession (December 2007 to June 2009) government intervention was 29.9% of GDP – three times larger than the stimulus seen during the Great Depression when taken as a percentage of GDP.
Simply, the actions of people like Ben Bernanke or Mario Draghi matter far more than any specific fundamental of a company. It’s as if every S&P 500 company has the same Chairman of the Board that only knows one strategy, resulting in a high degree of correlation between seemingly unrelated companies.
Massive central bank/government involvement in markets risks returning us to a de facto centrally planned economy. Every time the Federal Reserve opens a swap line, the ECB hints at another program to stem the crisis, or successful American money managers wonder if the Federal Reserve could directly buy Italian bonds, the central banks/governments are trading a short-term fix that raises all boats, even the bad ones, for an even more inefficient capital allocation process. Winners must be rewarded and losers must fail. High correlations among markets leading to poor performance are an indication that this is not happening today and it is hurting the economy.
The Wall Street Journal – More Gains, Even More Pain
Summer Rally Puts the Hurt on Defensive Hedge- and Mutual-Fund Managers
It was the rally that left many fund managers behind. Stocks jumped nearly 10% over the summer, defying the expectations of many hedge- and mutual-fund managers who had bet on a decline. They saw a multitude of headwinds from Europe’s woes to the slowing U.S. economy and sluggish corporate earnings. Now, those defensive fund managers are facing what’s known in Wall Street lingo as the “pain trade”: having to buy stocks just to avoid being left in the dust. The longer stocks hold the summer’s gains, the more deeply the pain could be felt, forcing fund managers to start buying. That, in turn, could give stock prices another leg up and potentially generate a virtuous circle for the stock market and even more pain for those on the defensive.
Source: Arbor Research
For more information on this institutional research, please contact:
Max Konzelman
max.konzelman@arborresearch.com
800-606-1872
PERMALINK
Category: Think Tank.
W@G1 09/10/12 for a 09/12/12 close
68.50 rayrohn
W@G1 09/10/12 for a 09/12/12 close
2012 Running W@G results
W@G1 01/02/12 for a 01/04/12 close Last Trade 57.14 ~ 57.53 Farooq off by .39 #msg-70530511
W@G2 01/04/12 for a 01/06/12 close Last Trade 57.81 ~ 57.75 Farooq off by .06 #msg-70633458
W@G1 01/09/12 for a 01/11/12 close Last Trade 58.16 ~ 58.23 paulgmx1 off by .07 #msg-70789693
W@G2 01/11/12 for a 01/13/12 close Last Trade 58.18 ~ 58.67 Kookiekook off by .49 #msg-70889167
W@G1 01/17/12 for a 01/18/12 close Last Trade 59.49 ~ 58.98 paulgmx1 off by .51 #msg-71040468
W@G2 01/18/12 for a 01/20/12 close Last Trade 59.77 ~ 59.02 paulgmx1 off by .75 #msg-71163129
W@G1 01/23/12 for a 01/25/12 close Last Trade 60.43 ~ 60.79 rayrohn off by .36 #msg-71323918
W@G2 01/25/12 for a 01/27/12 close Last Trade 60.40 ~ 60.50 rayrohn off by .10 #msg-71426361
W@G1 01/30/12 for a 02/01/12 close Last Trade 61.02 ~ 60.03 Kookiekook off by .99 #msg-71612463
W@G2 02/01/12 for a 02/03/12 close Last Trade 62.05 ~ 60.16 Kookiekook off by 1.89 #msg-71736968
W@G1 02/06/12 for a 02/08/12 close Last Trade 62.46 ~ 62.13 Kookiekook off by .33 #msg-71887330
W@G2 02/08/12 for a 02/10/12 close Last Trade 62.47 ~ 62.11 Kookiekook off by .36 #msg-72007051
W@G1 02/13/12 for a 02/15/12 close Last Trade 62.77 ~ 62.55 Farooq off by .22 #msg-72180003
W@G2 02/15/12 for a 02/17/12 close Last Trade 63.43 ~ 62.90 Farooq off by .53 #msg-72275851
W@G1 02/21/12 for a 02/22/12 close Last Trade 63.32 ~ 63.80 Never96 off by .42 #msg-72422926
W@G2 02/22/12 for a 02/24/12 close Close not enough entries
W@G1 02/27/12 for a 02/29/12 close Last Trade 64.41 ~ 64.36 Kookiekook off by .05 #msg-72704661
W@G2 02/29/12 for a 03/02/12 close Last Trade 64.87 ~ 64.50 Farooq off by .37 #msg-72841567
W@G1 03/05/12 for a 03/07/12 close Last Trade 64.06 ~ 64.00 rayrohn off by .06 #msg-73006374
W@G2 03/07/12 for a 03/09/12 close Last Trade 65.02 ~ 62.50 Farooq off by 2.52 #msg-73112187
W@G1 03/12/12 for a 03/14/12 close Last Trade 66.49 ~ 64.89 Kookiekook off by 2.40 #msg-73285243
W@G2 03/14/12 for a 03/16/12 close Close not enough entries
W@G1 03/19/12 for a 03/21/12 close Last Trade 67.12 ~ 67.13 Kookiekook of by .01 #msg-73546484
W@G2 03/21/12 for a 03/23/12 close Last Trade 66.94 ~ 66.75 Farooq off by .19 #msg-73636834
W@G1 03/26/12 for a 03/28/12 close Last Trade 67.94 ~ 67.50 Farooq off by .44 #msg-73797485
W@G2 03/28/12 for a 03/30/12 close Close not enough entries
W@G1 04/02/12 for a 04/04/12 close Last Trade 67.30 ~ 67.20 Farooq off by .10 #msg-74073310
W@G2 04/04/12 for a 04/06/12 close Close not enough entries
W@G1 04/09/12 for a 04/11/12 close Last Trade 66.45 ~ 66.50 Farooq off by .05 #msg-74292295
W@G2 04/11/12 for a 04/13/12 close Last Trade 66.19 ~ 67.13 Farooq off by .94 #msg-74401471
W@G1 04/16/12 for a 04/18/12 close Last Trade 66.61 ~ 66.56 Farooq off by .05 #msg-74561847
W@G2 04/18/12 for a 04/20/12 close Last Trade 65.68 ~ 66.11 Kookiekook off by .43 #msg-74669192
W@G1 04/23/12 for a 04/25/12 close Last Trade 66.45 ~ 66.11 Kookiekook off by .34 #msg-74852573
W@G2 04/25/12 for a 04/27/12 close Last Trade 67.24 ~ 65.50 Farooq off by 1.74 #msg-74977166
W@G1 04/30/12 for a 05/02/12 close Last Trade 67.06 ~ 67.23 Kookiekook off by .17 #msg-75145387
W@G2 05/02/12 for a 05/04/12 close Last Trade 64.70 ~ 65.56 rayrohn off by .86 #msg-75237580
W@G1 05/07/12 for a 05/09/12 close Last Trade 64.32 64.90 paulgmx1 off by .58~63.74 Kookiekook off by .58 #msg-75417777
W@G2 05/09/12 for a 05/11/12 close Last Trade 64.18 ~ 64.00 paulgmx1 off by .18 #msg-75530701
W@G1 05/14/12 for a 05/16/12 close Last Trade 62.94 ~ 63.01 rayrohn off by .07 #msg-75666813
W@G2 05/16/12 for a 05/18/12 close Last Trade 60.81 ~ 62.76 Kookiekook off by 1.95 #msg-75779075
W@G1 05/21/12 for a 05/23/12 close Last Trade 62.56 ~ 61.78 paulgmx1 off by .78 #msg-75917325
W@G2 05/23/12 for a 05/25/12 close Last Trade 62.07 ~ 62.00 rayrohn off by .07 #msg-76000894
W@G1 05/29/12 for a 05/30/12 close Last Trade 62.33 ~ 62.55 Farooq off by .22 #msg-76114141
W@G2 05/30/12 for a 06/01/12 close Last Trade 60.41 ~ 61.26 Kookiekok off by .85 #msg-76195150
W@G1 06/04/12 for a 06/06/12 close Last Trade 62.52 ~ 60.66 paulgmx1 off by 1.86 #msg-76349052
W@G2 06/06/12 for a 06/08/12 close Last Trade 62.87 ~ 61.66 paulgmx1 off by 1.21 #msg-76440468
W@G1 06/11/12 for a 06/13/12 close Last Trade 62.13 ~ 62.48 Kookiekook off by .35 #msg-76592144
W@G2 06/13/12 for a 06/15/12 close Last Trade 62.99 ~ 63.00 Farooq of by .01 #msg-76681263
W@G1 06/18/12 for a 06/20/12 close Last Trade 64.29 ~ 63.07 paulgmx1 off by 1.22 #msg-76821510
W@G2 06/20/12 for a 06/22/12 close Last Trade 63.35 ~ 64.00 Farooq off by .65 #msg-76913855
W@G1 06/25/12 for a 06/27/12 close Last Trade 62.90 ~ 63.07 paulgmx1 of by .17 #msg-77040855
W@G2 06/27/12 for a 06/29/12 close Last Trade 64.16 ~ 63.96 paulgmx1 off by .20 #msg-77122829
W@G1 07/02/12 for a 07/03/12 close Last Trade 64.89 ~ 64.72 rayrohn off b y .17 #msg-77203209
W@G2 07/05/12 for a 07/06/12 close Last Trade 64.12 ~ 64.00 Farooq off by .12 #msg-77278840
W@G1 07/09/12 for a 07/11/12 close Last Trade 63.02 ~ 63.00 Farooq off by .02 #msg-77424549
W@G2 07/11/12 for a 07/13/12 close Last Trade 63.38 ~ 63.83 paulgmx1 off by .45 #msg-77504877
W@G1 07/16/12 for a 07/18/12 close Last Trade 64.39 ~ 63.89 Kookiekook off by .50 #msg-77641584
W@G2 07/18/12 for a 07/20/12 close Last Trade 64.24 ~ 64.13 Kookiekook off by .11 #msg-77741635
W@G1 07/23/12 for a 07/25/12 close Last Trade 62.54 ~ 62.50 rayrohn off by .04 #msg-77873863
W@G2 07/23/12 for a 07/27/12 close Last Trade 64.87 ~ 64.12 Kookiekook off by .75 #msg-77960243
W@G1 07/30/12 for a 08/01/12 close Last Trade 64.61 ~ 64.31 Kookiekook off by .30 #msg-78112825
W@G2 08/01/12 for a 08/03/12 close Last Trade 65.60 ~ 65.00 Farooq off by .60 #msg-78195500
W@G1 08/06/12 for a 08/08/12 close Last Trade 66.62 ~ 66.91 Kookiekook off by .29 #msg-78426213
W@G2 08/08/12 for a 08/10/12 close Last Trade 66.86 ~ 67.23 Kookiekook off by .99 #msg-78426272
W@G1 08/13/12 for a 08/15/12 close Last Trade 67.22 ~ 67.50 rayrohn off by .28 #msg-78586464
W@G2 08/15/12 for a 08/17/12 close Last Trade 68.32 ~ 66.86 Kookiekook off by 1.46 #msg-78686229
W@G1 08/20/12 for a 08/22/12 close Last Trade 68.43 ~ 67.89 Kookiekook off by .54 #msg-78831353
W@G2 08/22/12 for a 08/24/12 close Last Trade 68.29 ~67.75 Farooq off by .54 #msg-78919770
W@G1 08/27/12 for a 08/29/12 close Last Trade 68.40 ~ 68.87 Kookiekook off by .47 #msg-79066563
W@G2 08/29/12 for a 08/31/12 close Last Trade 68.16 ~ 67.72 Kookiekook off by .44 #msg-79183398
W@G1 09/04/12 for a 09/05/12 close Last Trade 68.02 ~ 68.00 Farooq off by .02 #msg-79274898
W@G2 09/05/12 for a 09/07/12 close Last Trade 69.43 ~ 67.13 Kookiekook off by 2.30 #msg-79372213
Results W@G2 09/05/12 for a 09/07/12 close
Last Trade 69.43
67.13 Kookiekook off by 2.30
lmao!!!!
nice W@G ED
2012 Running W@G results
W@G1 01/02/12 for a 01/04/12 close Last Trade 57.14 ~ 57.53 Farooq off by .39 #msg-70530511
W@G2 01/04/12 for a 01/06/12 close Last Trade 57.81 ~ 57.75 Farooq off by .06 #msg-70633458
W@G1 01/09/12 for a 01/11/12 close Last Trade 58.16 ~ 58.23 paulgmx1 off by .07 #msg-70789693
W@G2 01/11/12 for a 01/13/12 close Last Trade 58.18 ~ 58.67 Kookiekook off by .49 #msg-70889167
W@G1 01/17/12 for a 01/18/12 close Last Trade 59.49 ~ 58.98 paulgmx1 off by .51 #msg-71040468
W@G2 01/18/12 for a 01/20/12 close Last Trade 59.77 ~ 59.02 paulgmx1 off by .75 #msg-71163129
W@G1 01/23/12 for a 01/25/12 close Last Trade 60.43 ~ 60.79 rayrohn off by .36 #msg-71323918
W@G2 01/25/12 for a 01/27/12 close Last Trade 60.40 ~ 60.50 rayrohn off by .10 #msg-71426361
W@G1 01/30/12 for a 02/01/12 close Last Trade 61.02 ~ 60.03 Kookiekook off by .99 #msg-71612463
W@G2 02/01/12 for a 02/03/12 close Last Trade 62.05 ~ 60.16 Kookiekook off by 1.89 #msg-71736968
W@G1 02/06/12 for a 02/08/12 close Last Trade 62.46 ~ 62.13 Kookiekook off by .33 #msg-71887330
W@G2 02/08/12 for a 02/10/12 close Last Trade 62.47 ~ 62.11 Kookiekook off by .36 #msg-72007051
W@G1 02/13/12 for a 02/15/12 close Last Trade 62.77 ~ 62.55 Farooq off by .22 #msg-72180003
W@G2 02/15/12 for a 02/17/12 close Last Trade 63.43 ~ 62.90 Farooq off by .53 #msg-72275851
W@G1 02/21/12 for a 02/22/12 close Last Trade 63.32 ~ 63.80 Never96 off by .42 #msg-72422926
W@G2 02/22/12 for a 02/24/12 close Close not enough entries
W@G1 02/27/12 for a 02/29/12 close Last Trade 64.41 ~ 64.36 Kookiekook off by .05 #msg-72704661
W@G2 02/29/12 for a 03/02/12 close Last Trade 64.87 ~ 64.50 Farooq off by .37 #msg-72841567
W@G1 03/05/12 for a 03/07/12 close Last Trade 64.06 ~ 64.00 rayrohn off by .06 #msg-73006374
W@G2 03/07/12 for a 03/09/12 close Last Trade 65.02 ~ 62.50 Farooq off by 2.52 #msg-73112187
W@G1 03/12/12 for a 03/14/12 close Last Trade 66.49 ~ 64.89 Kookiekook off by 2.40 #msg-73285243
W@G2 03/14/12 for a 03/16/12 close Close not enough entries
W@G1 03/19/12 for a 03/21/12 close Last Trade 67.12 ~ 67.13 Kookiekook of by .01 #msg-73546484
W@G2 03/21/12 for a 03/23/12 close Last Trade 66.94 ~ 66.75 Farooq off by .19 #msg-73636834
W@G1 03/26/12 for a 03/28/12 close Last Trade 67.94 ~ 67.50 Farooq off by .44 #msg-73797485
W@G2 03/28/12 for a 03/30/12 close Close not enough entries
W@G1 04/02/12 for a 04/04/12 close Last Trade 67.30 ~ 67.20 Farooq off by .10 #msg-74073310
W@G2 04/04/12 for a 04/06/12 close Close not enough entries
W@G1 04/09/12 for a 04/11/12 close Last Trade 66.45 ~ 66.50 Farooq off by .05 #msg-74292295
W@G2 04/11/12 for a 04/13/12 close Last Trade 66.19 ~ 67.13 Farooq off by .94 #msg-74401471
W@G1 04/16/12 for a 04/18/12 close Last Trade 66.61 ~ 66.56 Farooq off by .05 #msg-74561847
W@G2 04/18/12 for a 04/20/12 close Last Trade 65.68 ~ 66.11 Kookiekook off by .43 #msg-74669192
W@G1 04/23/12 for a 04/25/12 close Last Trade 66.45 ~ 66.11 Kookiekook off by .34 #msg-74852573
W@G2 04/25/12 for a 04/27/12 close Last Trade 67.24 ~ 65.50 Farooq off by 1.74 #msg-74977166
W@G1 04/30/12 for a 05/02/12 close Last Trade 67.06 ~ 67.23 Kookiekook off by .17 #msg-75145387
W@G2 05/02/12 for a 05/04/12 close Last Trade 64.70 ~ 65.56 rayrohn off by .86 #msg-75237580
W@G1 05/07/12 for a 05/09/12 close Last Trade 64.32 64.90 paulgmx1 off by .58~63.74 Kookiekook off by .58 #msg-75417777
W@G2 05/09/12 for a 05/11/12 close Last Trade 64.18 ~ 64.00 paulgmx1 off by .18 #msg-75530701
W@G1 05/14/12 for a 05/16/12 close Last Trade 62.94 ~ 63.01 rayrohn off by .07 #msg-75666813
W@G2 05/16/12 for a 05/18/12 close Last Trade 60.81 ~ 62.76 Kookiekook off by 1.95 #msg-75779075
W@G1 05/21/12 for a 05/23/12 close Last Trade 62.56 ~ 61.78 paulgmx1 off by .78 #msg-75917325
W@G2 05/23/12 for a 05/25/12 close Last Trade 62.07 ~ 62.00 rayrohn off by .07 #msg-76000894
W@G1 05/29/12 for a 05/30/12 close Last Trade 62.33 ~ 62.55 Farooq off by .22 #msg-76114141
W@G2 05/30/12 for a 06/01/12 close Last Trade 60.41 ~ 61.26 Kookiekok off by .85 #msg-76195150
W@G1 06/04/12 for a 06/06/12 close Last Trade 62.52 ~ 60.66 paulgmx1 off by 1.86 #msg-76349052
W@G2 06/06/12 for a 06/08/12 close Last Trade 62.87 ~ 61.66 paulgmx1 off by 1.21 #msg-76440468
W@G1 06/11/12 for a 06/13/12 close Last Trade 62.13 ~ 62.48 Kookiekook off by .35 #msg-76592144
W@G2 06/13/12 for a 06/15/12 close Last Trade 62.99 ~ 63.00 Farooq of by .01 #msg-76681263
W@G1 06/18/12 for a 06/20/12 close Last Trade 64.29 ~ 63.07 paulgmx1 off by 1.22 #msg-76821510
W@G2 06/20/12 for a 06/22/12 close Last Trade 63.35 ~ 64.00 Farooq off by .65 #msg-76913855
W@G1 06/25/12 for a 06/27/12 close Last Trade 62.90 ~ 63.07 paulgmx1 of by .17 #msg-77040855
W@G2 06/27/12 for a 06/29/12 close Last Trade 64.16 ~ 63.96 paulgmx1 off by .20 #msg-77122829
W@G1 07/02/12 for a 07/03/12 close Last Trade 64.89 ~ 64.72 rayrohn off b y .17 #msg-77203209
W@G2 07/05/12 for a 07/06/12 close Last Trade 64.12 ~ 64.00 Farooq off by .12 #msg-77278840
W@G1 07/09/12 for a 07/11/12 close Last Trade 63.02 ~ 63.00 Farooq off by .02 #msg-77424549
W@G2 07/11/12 for a 07/13/12 close Last Trade 63.38 ~ 63.83 paulgmx1 off by .45 #msg-77504877
W@G1 07/16/12 for a 07/18/12 close Last Trade 64.39 ~ 63.89 Kookiekook off by .50 #msg-77641584
W@G2 07/18/12 for a 07/20/12 close Last Trade 64.24 ~ 64.13 Kookiekook off by .11 #msg-77741635
W@G1 07/23/12 for a 07/25/12 close Last Trade 62.54 ~ 62.50 rayrohn off by .04 #msg-77873863
W@G2 07/23/12 for a 07/27/12 close Last Trade 64.87 ~ 64.12 Kookiekook off by .75 #msg-77960243
W@G1 07/30/12 for a 08/01/12 close Last Trade 64.61 ~ 64.31 Kookiekook off by .30 #msg-78112825
W@G2 08/01/12 for a 08/03/12 close Last Trade 65.60 ~ 65.00 Farooq off by .60 #msg-78195500
W@G1 08/06/12 for a 08/08/12 close Last Trade 66.62 ~ 66.91 Kookiekook off by .29 #msg-78426213
W@G2 08/08/12 for a 08/10/12 close Last Trade 66.86 ~ 67.23 Kookiekook off by .99 #msg-78426272
W@G1 08/13/12 for a 08/15/12 close Last Trade 67.22 ~ 67.50 rayrohn off by .28 #msg-78586464
W@G2 08/15/12 for a 08/17/12 close Last Trade 68.32 ~ 66.86 Kookiekook off by 1.46 #msg-78686229
W@G1 08/20/12 for a 08/22/12 close Last Trade 68.43 ~ 67.89 Kookiekook off by .54 #msg-78831353
W@G2 08/22/12 for a 08/24/12 close Last Trade 68.29 ~67.75 Farooq off by .54 #msg-78919770
W@G1 08/27/12 for a 08/29/12 close Last Trade 68.40 ~ 68.87 Kookiekook off by .47 #msg-79066563
W@G2 08/29/12 for a 08/31/12 close Last Trade 68.16 ~ 67.72 Kookiekook off by .44 #msg-79183398
W@G1 09/04/12 for a 09/05/12 close Last Trade 68.02 ~ 68.00 Farooq off by .02 #msg-79274898
Results W@G1 09/04/12 for a 09/05/12 close
Last Trade 68.02
68.00 Farooq off by .02
Nice W@G Farooq !!!
Houston
if we get a monthly death cross I wonder what Burnanke has in his bag of tricks to counter that ????
Pretzel :::: http://www.pretzelcharts.com/2012/09/spx-update-key-levels-for-short-term.html
>>>> Snip
Finally, a quick update to the SPX monthly chart and the position of the potential cross of the 50-month and 200-month moving averages. I covered the historical significance of this in detail in this article. The two averages have edged ever so slightly closer to crossing, and are now only 4 points apart.
The S&P 500 is Close to a Once-in-a-Lifetime Signal
http://www.pretzelcharts.com/2012/08/spx-update-market-close-to-giving-once.html
>>>> Snip
The SPX monthly chart shows a rare event that I've been keeping my eye on for a while: the pending potential cross of the 50 month and 200 month moving averages. It's fair to call this signal "once in a lifetime," since these two moving averages haven't crossed on SPX in over 66 years (they last crossed upwards, in April, 1946). When they cross downwards, this is commonly called a "death cross" and considered a bearish signal -- but before bears get too excited, it calls for some discussion.
While this signal hasn't actually happened in SPX for 66 years, SPX did come very close in 1978. This was at the tail end of the long secular bear market of 1966-1982. I say "tail end," but this is of course relative, and it was still 4 more years until the bear market actually ended. This monthly death cross happened a couple years later in the Dow Jones Industrial Average (INDU), in August of 1980. The INDU then crossed back up (called a "golden cross") in April 1982. However, in both those death cross instances, the bear market wasn't over -- and while we can look back and say it was near the "end" of a secular bear market, two to four years is still a pretty long time by the standards of most investors.
The Dow also experienced a monthly death cross during the Great Depression, in January of 1934; and the moving averages didn't cross back up until February 1946. There's no argument that this was a useful long-term signal at that time.
And then there's Japan. The Nikkei (NIKK) experienced a monthly death cross in early 1998, when the index was trading near 17,000. This cross is still active -- and the Nikkei is currently trading almost 50% below the signal level.
So while this signal is so incredibly rare that we have limited historical evidence to draw from, the past history suggests that it's a bearish signal for the long term. But, as the famous last words go, maybe "this time will be different."