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SRS- financing drying up
gold popping nicely; AEM +3
all of a sudden, money is no object. what was that dire straits song - money for nothing, chicks for free
look what all the gov't aid did for the favored financials;
i was watching BAC and C today
hey tea, sorry if I irritated you; sorry if your hurting. I dont see anyone here trying to hurt you.
yeah i see. still looks like descending triangles all over.
every save gets a new explanation - today, imbev, s&p rebalancing, take your pick:) surprised they did not float the "bargin" hunting. i generally dont believe in conspiracies but with our government now investing in equities and the market, its hard not to raise your eyebrows when these timely reversals appear out of no where. I think too many are overly optimistic about the auto bail out - not sure its a done deal and even if it happens, how long before it wears off
LOL miraculous cliff side save; how long before 850 goes
ndx still leading the weakness;
QID ascending triangle (will DXD and SDS catch up?)
dow has 650 pt inverse cup
SRS testing old hi s
possible inverse cup & handles
dow neckline 8250; spx 848
channeling in DIG triangle; just took some profits
lightened up from fri afternoon longs; waiting for another dip
took profits on GM this morning; maybe it will fill the morning gap again
short term it may retest 27.05ish; dollar has strange strength
weekly is bullish but daily gives pause; i still have some UUP from lower
yeah, i know just looking for a contra play for a day or two;
any hint of good news and it will pop; i'm not betting the farm, just a little flyer with a small position
socal still on fire
good morning. re USD, that aug BO at 77ish was powerful; then it blew thru the 04 low near 80ish and just kept going to the july 96 low near 85.50ish; recently, things that took years in the past to develop, happen in a few weeks or months;
wasnt that long ago we were talking 1300 spx.
its definitely due for some pullback consolidation; i dont pretend to understand the fundies, but i respect the chart
yeah i see it. i'm just looking for a way to make $ and I think thats with gold very short term; the dollar, is still
relatively strong (look at the weekly); believe it or not the trade deficit actually declined and while everyone loves to trash the US economy, its still ok relative to the rest of the world. many still see it as relative safety. its just like the foreigners who hate the US but will do anything to get here. also, relatively speaking the US is taking more agressive moves - look how long it took europe to act (still fighting inflation?)
china buys our debt because we buy their stuff;
the middle-east buys our debt because we buy their oil;
US also provides security and relative stability for much of the world; the success in Iraq has huge, positive ripple effects IMO;
they can mock and criticize all they want, they still depend on trade
GM has a gap at 4.36; senate takes up its plan next week
so i took a small position at 2.90ish, hoping for WAMU like
flip around action
thanks aj, i completely missed that. next week I'm watching for trades on some gold stocks. I lightened up on UUP friday.
GOLD - consolidating at lows in 100 pt triangle; needs hard break of 760
USD - mild neg D on rsi and looking alittle double toppish short term; any auto bailout might weaken it; correction to 82ish would be nice; will oil and gold pop?
whitehouse rejects dem proposal to use bailout fund for detroit
but proposes to accelerate sept loan plan for car makers
http://www.foxbusiness.com/story/markets/industries/government/bush-backs-plan-release-b-loan-automakers/
ya know the dollar is looking alittle toppy here, wonder if gold stocks might pop; at 1 yesterday AEM was 26ish, now its 35ish; might nibble some AUY and AEM on a pullback
yeah its looking ragged but i think there is a good chance of up monday morn; i'm gambling and adding here hoping this is a shakeout by the criminals
I dont know. everyone still paranoid about the 11/15 hedge redemption deadline and doom and gloom. I think that impact was yesterday. on the correction this morning you could hear the collective disappointment so maybe they didnt play the pattern
the conflict i see is that trend line resistance is 9250ish
and 960ish while the measurements for the inverted are much higher e.g. 800 pt dow cup measure to 9650 or so;
this is all iffy; but I added DDM. MCD, WMT. FLR and QLD this morning close to the right shoulder
theres some gaps like FLR 38 and 39.71ish, DDM 34.28, QLD 30.57
here we are - testing the necklines 8850 and 910ish;
either a jagged inverse H&S or C&H
just a thot - if we could hold here, theres possible inverse H&S
on dow and spx with necklines approx. 8850 and 910ish; then a run monday or tues to trend resist 9250ish and 955ish
how was the food compared to US?
MCD working on quite a triangle; pays almost 4% div (ex on 11/26); its raw food costs are decreasing and it may gain from competitors problems
MCDs opens 1000th store in china;
http://biz.yahoo.com/rb/081114/business_us_mcdonalds_china.html?.v=1
QLD has a gap @ 30.57 (taking profits here on QLD)
DDM has a gap @ 34.28
hi tea. there is strong trend resistance @ 950ish. each of these spikes (10/4 to 1044) and 11/4 to 1007 is getting weaker
and we have lower hi s; we could pullback to 880-875 and then test resistance
nice day in DUG
more fun in russia
http://biz.yahoo.com/ap/081111/eu_russia_financial_crisis.html
look at the USD monthly; we could meander up to 92.5ish by january or feb.; might say alot about the reaction in oil and gold; also EEV sort of runs with the dollar
i used the term "pennant" because the run from 23.25ish to
27ish looks like a leaning pole with 26ish as a flag base; notice early in october there was another mini-flag consolidation;
UUP - nice finish on pennant break; old hi @ 27.19
DUG - next gap 41.50; hopefully then on to 45ish
Qs need to catch up to AAPL and GOOG; 28s?
AAPL triangle gone
sorry Ham, I do not know of any other than UUP;
you are right, it is a plodder but it does work
it also pays quarterly div