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I like that one, up then to 1900.
A Dow sell at the close, well, that was a rather rude Turkeyday offering need a gap up Friday, but the most likely is a gap down, they orchestrated the au, breakdown in the last gew minutes, gap down fiday and people start panicing (jmho) CHUBBIE
SYLV, what I've been thinking is that, now we have an excellent chance of a dem. ending up in the White House,bet this one at least doubles in 6 months, (JMHO) CHUBBIE
did u buy anything yet? I bought some ASTM today at .85, that going to buy more if it goes down.That one should get plenty of paly when Hillary and them start battling it out. (JMHO) CHUBBIE
at the aug. low, but this aint' looking so good
on the way to the comfort zone. 1.6-1.9 ,
gentle ben's better do it. if we break the aug. low we are in big trouble, he wouldn't ruin thanksgiving would he?
are you talking about the 60 or on the daily? TIA, CHUBBIE
low volume gap up, we really need Gentle Ben on our side to hold this one. (JMHO) CHUBBIE
guy on cnbc this morning said. "every time the VIX has doubled it has denoted a significant market bottom". It seems to go up 100% then stop and reverse the other way. I'm going to keep watching this, interesting twist to the VIX. (JMHO) CHUBBIE
what I would love to see today, would be a high volume
reversal down on oil as they realize that personal consumption expenditures dropping leaves oil over priced, but they seem reluctant to gove up on oil until it hits a buck. (JMHO) CHUBBIE
Gentle Ben later today, as personal consumption expenditures decrease headline inflation should decrease. one the neagtive side, Joe Lavorgna was on fast Money last night, he was sating that 2009 growth expectations could scre investors, the projections I've seen for '08 are ok, but '09 is looking kind of rough.
My problem with Gentle Ben's new update's is this. "What makes the FED think they can project growth better than anyone else"? They can't. The importance for today's update is still inflation, hopefully we will see that the FEd still has room to cut. (JMHO) CHUBBIE
old news, WMT said they have been discounting for 2 months.Sector has already corrected, I don't think there is much downside left. What is important now is how companys manage inventory to maximize profit, and for the most part it's easier for them to manage inventory in a slower environment. (JMHO) CHUBBIE
the message is clear the fed has to act. they will do their best to stabilize it at 2pm tomorrow, but they have to cut. I wouldn't be surprised if a surprise cut is coming. (jmho0 CHUBBIE
HPQ earnings were good but still down for the day, conference call very important for all tech, where is cap ex headed? (JMHO) CHUBBIE
I think it will, we already knew the bottom wasn't in for the banks, maybe be thi will put a ST bottom in.I have been doing some thinking about HPQ, it should be ok, but will the message that tech isn't entirely dead be enough to rally on. Tomorrow is fed minutes and that new report. let's see how confused gentle Ben get's them. (JMHO) CHUBBIE
watch 12845, trannies stinken, close to a dow
theory failure, HPQ better save tech. (JMHO) CHUBBIE
That's exactly what's going on, couldn't agree more. the market has had weeks to adjust for lower rates. (JMHO) CHUBBIE
sorry , wrong board. (eom)
spx too, on a dime, http://stockcharts.com/def/servlet/SC.pnf?chart=$spx,PLTADANRBO[PA][D][F1!3!!!2!20]&pref=G
blue bullish support line held, http://stockcharts.com/def/servlet/SC.pnf?c=$NDX,P&listNum=
might be there, bullish close for HPQ Monday. (eom)
When the bull does resume the one sector I would be short is oil. When I see oil at 100 bucks a barrel, I see it as having a $30 event risk/terrorism premium in it. That's ridiculous. That's why I'm looking for such a dramatic drop in oil.I think low 70's in oil is entirely doable by the end of Jan. (JMHO) CHUBBIE
yep, will signify the end of carry trade unwinding.(JMHO)
I've been thinking about what will happen wednesday, when Gentle Ben releases his new update, which will coincide with the FED minutes. I seriously doubt he will drop a major bomb right before Thanksgiving.
I've broken with TA and started thinking about where the market should be right now, and guess what? THE MARKET IS EXACTLY WHERE IT SHOULD BE. A PE of around 15 is correct for an elevated inflation period or a period perceiving future inflation to be high. If oil drops and other other inflationary pressures subside, a 16-17 PE will put us in the upper 1500's, if Goldilocks returns and we can stretch it to a 19 PE then we could hit almost 1700 sometime next year. of course there are quite a few "ifs) in there. (LOL) CHUBBIE
For the last week, the banks have taken advantage of critical support, to air out their dirty laundry all at once, and critical support held.(JMHO) CHUBBIE
notice what is being accepted now and how mortgaged
backed weren't being accepted before,
http://app.ny.frb.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE
that's the one I agree with. The banks purposely got out there subprime bad news all at once, from the 22nd on, instead of a santa claus rally, mutual funds and pension funds will have to come clean with sub prime losses at the end of the year, negative for equitys and mom 'n pop will be hopping mad when they see the stupid moves their pension funds made. (JMHO) CHUBBIE
data is ok, a little warm but the market can live with it,FED is still in the ballgame, watch the oil numbers they are expected to be bullish for oil, even if they hit 100 they won't be there long, I think we hit mid 80's before christmas. NY empire index blew away expectations. 3 min nq's in an inverse head and shoulders and holding the shoulder so far. (JMHO) CHUBBIE
its not done by the stars, ist done by economists, a couple years ago when jobs were the ultimate key, the numbers kept falling on the employment rate day, when they key was interest rate reductions the dates kept falling on fed days. (JMHO) CHUBBIE
i'm still confused, 10/17 was up so wouldn't that imply a continuation?
tea, i am not that familiar with Bradley, so are they trying to imply down until the 22nd? I have made some observations on Bradley , but will share them later. TIA, CHUBBIE