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thx aj - I saw the corrected dates -
thx hiker -
of course, tiger didn't win this past week-end -g-
morning aj.
I haven't been around much this past week and haven't looked at charts much.
Could you tell me what your current view is as to market direction over the next 6 months? Are you still looking for new lows?
tia
see? that sounds positive! ;)
shoot -
I'm just looking for something positive
AJC said to think L/T -g-
the macd and stoc have a positive divergence on the long term weekly GE chart as compared to the 2000-2001 time frame.
GE is in the alternative-oil spot now, btw
volume on this up move is huge.
edit - this is better -g-
aj,
my thoughts -
recession priced in, Fed finished lowering rates,
dollar starts slow recovery process
a year ending in 8 always (except once) has good second half
and take a look at GE
edit - this is better -g-
http://i86.photobucket.com/albums/k109/challo1/Market%20Stuff/GELT032008-1.gif>
uh-oh, give up the ghost-
the indicator is dead.
ignore the displacement that is going on within the equities markets over the short term
think long term
pricing for (I missed) is/will be returning to normal
equities have to get thru the bad news over the next few months
her clients now are foreign entities and govts
edit - I forgot -
she said oil at $90 looks "stable" (or something to that effect -g-)
=======================
Happy Easter, aj and all
Alert! the AJC indicator is alive and well -
she will be on CNBC within the next few minutes . . .
NEW YORK (MarketWatch) -- A half-dozen U.S. banks who are the principal shareholders of transaction processing firm Visa Inc. on Tuesday evening found out just what their roughly 58% stake in the firm is worth: about $10.4 billion.
Each of the six firms sold a portion of their stakes in the initial public offering and will also retain stakes.
According to researchers at Bear Stearns, the retained stakes will be carried at the $44 a share offering price, and not at market value on the banks' balance sheets "because the shares will be subject to lock-up provisions for three years or potentially longer."
The banks, J.P. Morgan Chase, Bank of America (BAC:bank of america corporation com
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Last: 38.96+0.03+0.08%
2:27pm 03/19/2008
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BAC 38.96, +0.03, +0.1%) , National City, Citigroup, (C:Citigroup, Inc
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C 20.46, -0.25, -1.2%) , U.S. Bancorp and Wells Fargo (WFC:Wells Fargo & Company
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WFC 30.84, -0.71, -2.2%) own 58.4% of the firm after the offering.
http://www.marketwatch.com/news/story/banks-visa-consortium-score-windfall/story.aspx?guid=%7B8868087B%2DEA01%2D40DE%2DB803%2DAD9A346ED202%7D
yep.
and he's improved over the past 2 years.
you mean, like this?
Merlin-
http://www.chartsedge.com/contentsp.html
(pre BSC buy-out)
excuse me - I would post a p-mail to one of you but I don't have that option -
has anyone heard from Justa lately?
Is he ok?
tia
Joe,
I am as clueless as you are when it comes to bonds and such.
I keep trying to get a handle on it but it sounds like a foreign language to me.
If you find a good, concise, 3 paragraph description for dummies, I would appreciate it -ggg-
I'd be interested in anyone else's take on this, as it is quite unusual.
aj, I saw this and thought of you.
You can read the commentary because it is interesting, but click on the link at the bottom of the page - where it says,
"But if you look at the actual monetary base then it is clear what is going on."
Here's the technical!
http://market-ticker.denninger.net/
here's one way they came up with to save money -
Due to budgetary constraints, the Economic Indicators service (http://www.economicindicators.gov) will be discontinued effective March 1, 2008.
nice grub -g-
aj,
I don't know if you have heard of TA expert Louise Yamada but I've watched her many times.
She was on cnbc Wednesday. She had a nice spx chart.
See chart video here
http://www.cnbc.com/id/23031631
these were her comments
Chart: S&P 500, 1993-2008, with 20-month moving average.
It looks as if we're in the midst of a structural sell-off, Yamada says the likes of which we haven't seen since 2000. We could be in for an extended bear market period – and it could be global. Sell any rally, she counsels.
Chart: Monthly Relative Performance of S&P Consumer Staples, 1998-2008
If you must be in the market, consumer staples appear to be holding up, Yamada says, and should continue to do so. However this doesn’t mean the prices can’t come down – it just suggests the prices should come down, less.
Chart: Monthly Relative Performance of S&P Financials, 1996-2008
This chart suggests that financials are falling apart, observes Yamada, and that they could continue to deteriorate. Sell the strength.
Conclusion: Better to be out of the market right now wishing you were in.. than in the market wishing you were out.
aj,
I haven't seen anyone mention this before. And
maybe it doesn't mean much, but I thought it should be
noted -
Even though the nasdaq made an intraday low on Jan 23
of 2,202.54, it closed at 2,316.41.
This past Wednesday, the 6th, the nasd made it's first
closing price lower than that of Jan23 at 2,278.75.
Yesterday, it closed at 2,293.03, just less than a
point of the Jan. 22 closing.
NDX did the same thing. Jan 23 intraday low 1,693.06,
closing at 1,789.53.
Since Feb 5, all NDX closes have been below the Jan 23
close. And, perhaps today will be the 4th time.
edit -oops - I see that you saw those already . . .
mfb,
look at the date on your charts = that is from yesterday.
after today, the bpspx is down 3 boxes, as is the bpindu and bpndx. the bpnya is still in x's.
surprisingly the bpcompq is down less than 1 point, still in x's.
don't know if opie likes this setting ;)
http://stockcharts.com/webcgi/Pnf.asp?S=$BPspx&Y=U&B=1&N=A&C=2
it was pointed out to me that my previous post wrt a bull flag forming is incorrect.
would that be a diagonal forming?
or just a shitty continuing downtrend . . . -g-
btw - thanks for the correction from the p-mail.
I cannot answer as I do not have p-mail privileges.
aj,
is this a COTL day?
edit -
there is a big bull flag forming on the 15 min
to where? 1410 something?
Are they a different sex than you are?
hahahahahahahaha .......
might not matter at that point . . . ;)
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26372875
i think you should go for the cheese ;)
my service shows it only hit 19.37, aj
edit - 18.92 now . . . 18.85 . . .
This SPEW - (SPX equal-weighted index)
looks quite interesting . . . .
I don't know when the spew was actually
created. I only have it from 2004.
It closed up for the week.
bear flag on 10 min with rsi turning down at 50 mark . . .
but we have an inverted hammer formed on the 10 min with a slight rsi divergence . . .
edit - now a doji
thanx aj
still looking for 1380-1400?
pardon me for interrupting, Metal.
be careful about buying as soon as the bp's give a buy signal.
usually, by the time the bp's reverse, the market is already s/t overbought and the market drops.
just pick your spot well . . .
oh, I know!
if Jan closes up 1 point, and selling starts for the next 5 months - doesn't matter. gotta get jan to close up. -ggg-
lol
you've done a great job calling the moves and targets so I surely won't disagree with you. But I can just hear all the talking heads when Jan. closes down. -g-
aj,
Last week, on another board, I speculated that "they" might try to close out the month in positive territory.
You know that old saying, as goes January . . . .
Of course, after the steep decline, I figured that theory was out.
But now . . . . you think it's at all possible that this could run up to 1468?
all of that tomorrow? ;)
aj,
Is this what you see?
well, what's another 32 cents? -g-
a profit's a profit - good job.
and the day is young . . ..