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How 'bout that Mortgage Delinquency number today?
14.41% of all mortgages in the US are either delinquent or in foreclosure.
Bodes well for a V-bottom..eh?
No debate at all...it's useless and counter-productive.
I'll rejoice when the weekly stochs are under 20 again!
Patience is a virtue...I think?!
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=1&mn=6&dy=0&id=p96864781684
Looks like a diamond top
http://chart-patterns.netfirms.com/diamond.htm
PT is correct...this is not the place for displaying your obvious vast intellect by engaging in aggressive debate, it is dedicated to trading.
I will no longer respond to you and suggest you ignore my posts.
Why so angry?
Stress will kill you brother...take deep breathes....in...out....ahhhhh!
http://www.nowandfutures.com/articles/20060426M3b,_repos_&_Fed_watching.html
Calm down Ted...I never said a gold standard was optimal...I said by increasing the money supply by printing dollars out of thin air, its value relative to commodities and real "stores of value" is diminished...simple.
Gold is at $1100 because the FED slashed interest rates to zero and the Treasury printed $Trillions out of thin air. That means the value of fiat dollars goes down in relation to "real stores of value" such as gold.
It says nothing about emerging market currencies appreciating relative to the dollar as these commodities are priced in dollars and reflect the decreased worth of the dollar.
Of course emerging currencies should increase relative to the dollar as confidence in their capital markets increase. That has nothing to do with the price of gold and other commodities priced in dollars.
Deva...what were the parameters for the Peerless System???
Thought you said top of the range...NYAD less than zero=sell.
Thanks
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p84376620581
http://stockcharts.com/h-sc/ui?s=$NYAD&p=D&b=5&g=0&id=p93190589695
Fed's Yellen says..."Stock market NOT MASSIVELY OVERVALUED"
What a joke...sounds like the FED is starting to panic....gotta keep that rally going!
Volatility update
And now he sees no bubbles being created...
Hey Bennie...gold is above $1100!
The Bull's hero
VOLATILITY
Megaphone BOTTOM...with inverted head & shoulders
Then they send the PROPAGANDA TEAM into FULL ACTION!
And proceedeed to play the Buffett clip 25 straight times on CNBC and talked about it all day, then followed up later with a "town-hall meeting" with Buffett and Gates to reinforce the BUY STOCKS message.
Just a coincidence.
What's interesting to note is that the deal is not an ordinary Berkshire deal...(usually cash).
This one is 60% Berkshire stock...giving Buffett a hedge should values fall from here. He gets his cash generating toy and his "BUY AMERICA" message out... and still makes a bundle if stock values fall here.
He's not the richest man in the world by chance.
Couldn't get a new TRANS high...
With WARREN BUFFETT BUYING BURLINGTON!
and saying it was an "ALL-IN BET ON AMERICA"
They played the last card...and can't manipulate any higher!
Wasn't it interesting that he bought it as it was breaking support and on the verge of crashing?
Just got back from your neck o' the woods...took the kids to Disney for a week.
Came back to a nor'easter in NJ!
It's time for the bears to fatten up before hibernation....FEED ME!
How can e-wavers see anything but ABC here
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p82350739051
Could be...but usually the violent "up 100, down 100" game ends in a primary trend change.
That, with the wedge break, signals to exit equities here.
Wedge update...
Do you think anyone was thinking "new lows" at the top of the wedge in 1938? Risk is enormous here. At the very least, a major correction is due.
Thanks...I just cannot imagine ANY reason to buy equities here. After a 7-month run like we've had...the greatest since 1938, the risk-reward is absurd in buying stocks at this level. Greater fool in full effect.
TA + FA + Risk Analysis= GO TO CASH! (for conservative investors) or SHORT, IMO.
1938...after the rising wedge breakdown went to new lows...
watch this
Sounds good to me....now let's see the "free market" confirm.
Financials
Looks like the party was over
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41706196
Let's see Timmy and Ben break this above $47.50
Very nice...
Was a finely orchestrated short-squeeze by Goldman, with the lowering of GDP outlook the day before a "better than expected" result announced.
Technical damage done however, we'll see today how the "bounce" pans out.
NAZ lookin' like a waterfall
http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p28560098753
GS even scarier.....
Posterbanks for this rally...JPM and GS...party just gettin' started!
I'm using it in conjunction with many other indicators which show massive divergences as we made higher highs as well as sentiment indicators and my "fundamental" list of reasons....An "holistic interpretation"...you might say
You say you study "structures"
This "structure" is called a "rising wedge".
This "structure" is bearish and should end with a violent down-move IMO.
How you continue to defend your Bullish outlook, regardless of divergences screaming all over the place, with a "bearish, reliable structure" should leave some questioning YOUR motives.
http://www.investopedia.com/articles/trading/07/rising_wedge.asp
PS: Join forces??? Are you a new super-hero... Marketman?
Thanks
It's my public service message for the day.
Don't be surprised when the rug gets pulled out and there's nuthin' but air underneath...just a heads up.
It's time
Thanks Ted
Or how 'bout this gem?
>
They've gone as far as they can go...
They've gone as far as they can go...
Feeling better?
Ultimately...New Lows by Spring 2010
http://dshort.com/charts/mega-bear-comparisons.html?mega-bear-quartet
Every major bear has taken 2.5 years to find its ultimate low.
Key Reversal in VIX
Gaps aplenty for NAZ