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Yeah, and on the SPX it could have decided it just wants a bigger R shoulder. MID too. But not RUT.
In edit it looks flaky on the MID.
I'll bet he meant 1278, but it's a moot point because the formation has hounded already anyway.
OT You laugh, but keep in mind that this latest downdraft started with the Giants upsetting Green Bay. If they beat NE it could cause a real panic. :))
Maybe NE losing the SB will do it.
Wow! Forgetaboutit, will never happen!
by any chance are you related to da_cheif?
Thanks!
ajtj, That link would be great - thanks!
Thanks - one follow-up question - is there any easy way to determine the 1996 base for an area?
I don't expect housing to bottom until mid-2010, and I don't think we'll start seeing appreciation off that low until late 2012.
ajtj, If you have a moment, could you give a bit of insight into how you arrived at these dates?
Over the next few years we plan to move from a non-housing-bubble to a bubble part of the country and I'm trying to get a handle on the big picture.
Thanks,
Hiker
Do your tea leaves indicate a similar slide for the NDX today & Monday? - Hiker
PS Tp, Thanks for all the great charts and work that you so freely share!
OT Michael, w/o getting into a longer discussion - lying has been a part of politics from ancient times. While I don't condone it, I'm not surprised by it either and I don't think it's news.
To paraphrase an old saying, "Let s/he who is without lies lose the first poll." <G>
Hey, mad, since when is a politician telling lies news? If you find one that doesn't lie please let us know - now that would be worth a post.
Here comes another bubble...
Pat, seeing your posts reminds me that I left the Ignore switch in the off position. The problem is now fixed - thanks! -Hiker
O/T Hiker, the Super Bowl was last Sunday. Where were you? <G>
OT: Did you watch the commercials? That was no Super Bowl. gg
...and still no Super Bowl prediction! :)))))
OOTO = Open On the Open
Michael, can't say about today's close but Monday is definitely OOTO.
Oops, I should have put a smiley on my post.
You have a first rate board.
Hiker
what is "MM"?
a) something to give out with Snickers on Halloween
b) Major Move
willie, have you seen teaparty's work?:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23982655
There's a pattern on the SPX that suggests 3-days of sideways consolidation...
ajtj, can you post the (approx) dates for that pattern. I appreciate that you probably can't post charts on the road.
OK, got it.
Whay, did DW get laid off too?
Ok So I did it just so you would be 200!
This looks like the kind of frothy attitude that comes at tops. I wonder if there's any way to sell bookmarks short? gg
A tribute to big Al...
Not to mention that the upper deck is safer (the lower one has no pilot, gg).
OT 5-1? Hey, who says they're going to lose to NE? ggg
Seriously I think the rougher part of the schedule comes after their bye week when they get to play Philly & Washington twice.
OT While I'm a Cowboys fan and happy with their 3-0 start it's worth noting that they did it against teams with a collective 2-7 record. Not only that but their next two opponents (Rams, Bills) are currently 0-3. And then they play New England...
i'm convinced, bears are doomed! :)
Yup, the Cowboys cleaned them out last Sunday night!
Breed smaller people.
Uh-oh, time to change the name of the board back again.
PS I miss the part about dog puke.
gggg
That was my impression, too.
He pulls the same thing on his website:
http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2007/IO+September+2007.htm
"...if you’re a Republican office holder, you’d win a new constituency of voters – “almost homeless homeowners” – for generations to come. Get with it Mr. President and Mr. Treasury Secretary. This is your moment to one-up Barney Frank and the Democrats. Reestablish not the RFC or the RTC, but create an RMC –Reconstruction Mortgage Corporation. If not, make some modifications in the existing FHA program, long discarded as ineffective. Write some checks, bail ‘em out, prevent a destructive housing deflation that Ben Bernanke is unable to do. After all “W”, you’re “the Decider,” aren’t you?" "
That's hiker™ to you. :)
LG™, so what's next...MED™, SM™ ?
I would find Saville's argument more convincing if his examples (1990 & 1998) were the same year as 2007 in either the 4-year Presidential cycle or the decennial cycle. But they are not.
And just how do you use this in your trading?
OAKLAND RAIDERS fans dont seem to care about your past
Don't forget Jerry Jones, too.
OT LG, I agree. Sick is the right word. It doesn't look like he'll dodge this one.
OT: Looks like Vick may wind up doing time....
http://www.cnn.com/2007/US/law/08/17/vick/index.html?iref=mpstoryview
From cnn:
Fed declares "downside risks" to economy have increased, OKs half percentage point cut in discount rate on loans to banks.