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YRT1,
The day started well with all good economic indicators GDP 5.7, Chicago PMI 61.5 and Mich sentiment 74.4. In the morning, the AD was showing market reversal signs. Unfortunately, the market is still coupled to the dollar, with it rising and commodities falling, investors are bend on selling. The Put option players have already finished selling. By the end of the day AD momentum had fallen back but the longer signal still points to potential up swing. Having said that there is no buy signal yet. If you are a long term investor gold stocks seem to have been beaten down a lot already...
2bit
Good for you..one for the Maple Leaf..eh!
2bit
Oh Wing,
Now you are telling me, I lost track of R3, if it works this time it will drive it into a bear market...the market better bounces here else look out below...thanks for the head's up...
2bit
Oman,
In Toronto, the "great meeting place" according to the Indians.
I have only been in Newfoundlands once, Peggy's Cove, Cape Bretton with those moose, and of course chasing whales...it is great place isn't it...
2bit
Blasher,
I am a Canadian not an American and not in the third world country either...
2bit
How can Gross DOMESTIC Products include anything outside of the domestic US? Nothing is made in the US, except may be weapons, you name it, they are made in Haiti (gap, new balance, old navy etc), Vietnam (Columbia equipment), China (shoes etc...), India and many many services gone to Brazil, Argentina, India....It is all your capitalistic greedy America companies that got you guys into such a bad shape...sorry folks..but that is the truth....
2bit
Fox,
They are all Fib numbers
123=89+34
100=89+8+3
LOL
2bit
Fox, thanks for your wave input, what is your target for this wave 2 for SPX? For OEX it has to pierce through 506...
2bit
What is this? Answering a question with a question?
Here is my 2bits...
(1) Fib 618 retrace from Nov3
(2) selling sentiment at extreme
(3) 13 OEX points away from norm
(4) though it needs to surpass OEX 512 for a confirmed rally
(5) believe it nor not, the pattern on AD issues resembles Oct30, Nov3rd time frame
(6) it would seem logical for new money to come in beginning of month Feb...this is a cash build up phase when MCO at excess of -200
good luck place your bets
2bit
I think this is it for this burn....from here on a sustained rally? any takers...
2bit
Yes I still believe it will have to go up before it comes down..
2bit
It is the dollar again...
2bit
Hang Seng up 400 and Nikkei up 200....at time of writing...
2bit
I can see the Republicans pretty dumb founded...no more "you lie" types but will see if he delivers...as long as the market rallies I don't give a damn....
2bit
ya the banks will be punished..
2bit
Dow futures fair value up 68...obviously the market likes Obama's state of union speech..
2bit
You, do have strong opinions, I do not look at 89ema anymore, I suggest you may also want to take a look at CCI....my AD studies indicate to me that bleeding has slowed down and is in recovery process. No MAs nor Waves will be correct without incorporating AD studies...
2bit
I am beginning to think that Obama is really playing politics and with very little substance...another good talking lawyer....since the Dems lost Mass, they are saying f'..k the banks and no more spending spree....
2bit
Pattern recognition...today is like Nov2/3 time frame...expect meandering a couple days and then rally....still no confirm buy signal yet except for oil ..an early buy..
2bit
The market still cannot decouple from the dollar...Dollar is up therefore commodities down...market down....
2bit
You would think so but the broader market may just be meandering around while GS drops...will see...afterall, there is no buy signal yet for the broader market..just rebounds here and there
2bit
I have a feeling that this is it for this burn..the fast A/D is racing back up...it would probably back on up trend by end of week...
2bit
All GS holders out there alert....H&S sightings from other boards...target 130.....cut it loose if you still have it
2bit
typo...it should be OEX 517...not 507
2bit
It seems to work for the past little while for sure...
2bit
Looks like may be a bounce but will probably not exceed OEX 507 and then resume downwards....may take another 5 days till Feb to resume uptrend...
2bit
Gleno,
You've been saying for a long time if the market ever going to come down...all it takes is your Pres to declare war on the banks...this is the first I say....anywhere....
Anyhoo, this is wayyyyyyyyyyyy over sold...there is going to a massive short covering soon...
2bit
Stupid Obama, rattles the market...now he needs another 700 Billions to bail again....don't under estimate the effect of Wall street on Main street....foolish...
2bit
market should reverse here Fib .78 retrace from Dec18
2bit
I think you guys should vote Ron Paul for President....Obama taking on the banks was only a political ploy, for the Dems lost Mass. No Prop Trading? are you nuts...even the insurance companies do that....
2bit
Foot,
Your top calling nailed it this time...there may be other tops coming but indeed this was a top...sell on rallies for sure...
2bit
I can see this is a bear board..when market falls...there is a flood of posts and when market rallies...it is all quiet...
Tomorrow will be quiet? uh? or not...
2bit
Rab,
Bearish, rising wedge tension not released because of yesterday's rally...MCO -ve....it probably will touch OEX 517 but not too much below it....market getting back to good old days...sell on news...after earnings...I see opportunities in GS (earning Jan21) and POT (earning Jan28)...
good luck
2bit
Questions mostly aksed about Canada..
This is worth a laugh or two….eh!
CA NA DUH
Now that Vancouver is hosting the 2010 WinterOlympics, these are some questions people from all over the world are asking.
Believe it or not these questions about Canada were posted on an International Tourism Website.
Obviously the answers are a joke; but the questions were really
asked!
Q: I have never seen it warm on Canadian TV, so how do the plants grow? ( England )
A. We import all plants fully grown and then just sit around and watch them die.
Q: Will I be able to see Polar Bears in the street? ( USA )
A: Depends on how much you've been drinking.
Q: I want to walk from Vancouver to Toronto - can I follow the Railroad tracks? ( Norway )
A: Sure, it's only Four thousand miles, take lots of water.
Q: Is it safe to run around in the bushes in Canada ? ( Sweden )
A: So it's true what they say about Swedes.
Q: Are there any ATM's (cash machines) in Canada ? Can you send me a list of them in Toronto , Vancouver , Edmonton and Halifax ? ( England )
A: No, but you'd better bring a few extra furs for trading purposes.
Q: Can you give me some information about hippo racing in Canada ? ( USA )
A: A-fri-ca is the big triangle shaped continent south of Europe Ca-na-da is that big country to your North...oh forget it. Sure, the hippo racing is every Tuesday night in Calgary Come naked.
Q: Which direction is North in Canada ? ( USA )
A: Face south and then turn 180 degrees Contact us when you get here and we'll send the rest of the directions.
Q: Can I bring cutlery into Canada ? ( England )
A: Why? Just use your fingers like we do.
Q: Can you send me the Vienna Boys' Choir schedule? ( USA )
A: Aus-t ri-a is that quaint little country bordering Ger-man-y, which is...oh forget it. Sure, the Vienna Boys Choir plays every Tuesday night in Vancouver and in Calgary , straight after the hippo races. Come naked.
Q: Do you have perfume in Canada ? ( Germany )
A: No, WE don't stink.
Q: I have developed a new product that is the fountain of youth. Where can I sell it in Canada ? ( USA )
A: Anywhere significant numbers of Americans
gather.
Q: Do you celebrate Thanksgiving in Canada ? ( USA )
A: Only at Thanksgiving.
Q: Are there supermarkets in Toronto and is milk available all year round? ( Germany )
A: No, we are a peaceful civilization of Vegan hunter/gathers. Milk is illegal.
Q: I have a question about a famous animal in Canada , but I forget its name. It's a kind of big horse with horns. ( USA )
A: It's called a Moose. They are tall and very violent, eating the brains of anyone walking close to them. You can scare them off by spraying yourself with human urine before you go out walking.
Q: Will I be able to speak English most places I go? ( USA )
A: Yes, but you will have to learn it first.
2bit
No doubt, all these monies are used for emergencies...but who will invest in an earthquake zone and nobody will take the people either....it is up to the Haitians to turn it around...
2bit
Oman, of course they don't care about the Haitians...already surprised they even gave out as much as Brad Pitt... there is no oil in Haiti...it is all propaganda...
2bit
Foot, agreed but it would be pretty hard to do to love your enemies. Don't really expect China a non-Christian country to do that..but wonder if America would send 100 million to Hugo Chevaz if Venezuela has a 7 point earth quake...
2bit
I think Pat Robertson should be sent to District 9.. like many of the evanglical satanic so call Christians....
2bit