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senate vote is overwhelmingly in support, its house that is at issue........
then buy comodities not tech
yes I will, ask them.
NDX/SPX this shows a different picture. It argues that a bottom may be in....or that there is much more downside left.
so if we dont go up we go down? g/ng
all the technichal signs says it should, suprisingly spreads have not blown out on vote loss....
do you have a lower target here for the next test to possibly hold? or same nyse #?
so you still think we are close to a int botom? Charts look horrific(as the sometimes do at the bottom)..funny best charts out there are bank stocks(the good ones wfc etc)
i guess eli is coming back for seconds g/ng....where does this end?
I have come to the conclusion that one useless man is called a disgrace, two men are called a law firm, and three or more become a Congress.
-- John Adams, in the play "1776"
i watched it twice :)
http://www.dailymotion.com/video/x11g0g_angelina-jolie_people
should have gone for her
ughh
yes, interesting to note that the country is run by a group of people who have lessintelectual capacity then my dog.....Ron paul excluded :)
bernanke actually said it yesterday, and he clarified that his remark was mis-understood......the point is there would be a backstop, if they had to be sold in distress...in essence a market maker
but if these credit market implodes it will have signifigent effect on all those people who were responcible. A guy on cnbc was talking about his grandfather who was laughing and said that the wall street guys got what they desserved, he owned a small store. He was out of buisness one year later, and had no house etc...Point is, that I agree theoreticly with your view, however it was the same view many took in depression and the inaction of government to save credit markets caused pain, and suffering for many people from small farms to big cities....I think, and may well be wrong that if the bail out doesnt happen there is a major depression in this country......That effects everyone.....Accourding to Bernanke they plan straight reverse auction to pay cheapest price. As Buffet said this am, its a great trade borrowing money at 2-3% and buying assets for 20-30 cents on dollar paying 7-15%...The devil is in details......
i saw it live.....i am on the otherside from you though i think they should create an exchange and fund it to be amarket maker to allow these things to freely trade
i love ron paul but it wasnt the brightest thing to get in a debate with bernanke about depression.....First time Ive seen bernanke win a melee with Paul.....
so many good angles he could have addressed
he is a bearish poliyanna, just as bad as a bullish poliyannas.
man i keep buying morgan stanley on wekness and scalping a few dollars every day.......stock seems to have a floor at 25.50 or so
volker sugested this plan months ago......jim rodgers is another head case......
not to get political here, but it strikes me that none of these guys have a clue.......
heck i heard the announcement on rtc, held my nose and bought ms, hesitated for a minute....in at 19.46 out at 22.30, kept half think it sees 32 fills dem gaps.......
i use macs now for everything except trading....they are way better IMHO
the signs that eli is leaving are pretty clear here.........
transports, russel relative strength......good banks way of lows.......low trin accumulation......vix fear at extreme.....my dad called, my mom called.....a/d bullish divergence,
I dont believe in exceptions, low trin is low trin.....just like high p/c is high p/c.......
I utilize trin alot in my trading, and have found it very reliable
cuomos a wimp, sptizer would have arrested someone allready on flimsy evidence, and had a perp walk!
the question about TRIN is the unusially low readings last 3-5 trading days when markets got slaughtered. I saw a trin of .60-.80 most of yesterday and .46-.70 this am....I havnt seen a .60 trin and down 40spxpts as occured from highs today to lows
he was "fooled by radomness"
sox, and alot of stocks not in this party....mostly banks
thats a silly definition. I look at technichal brakedowns and crossovers. By The time we are down 20% bear market is over...so what value is giving it a name ?
ive been saying we are in a bear market since we were repelled at 1500 and trans made new low
how long does it consolidate?
36 would be perfect with a 134-138 print on spy
it seems to me that we are closer in time then in price to the bottom. All the ingridients for the bottoma are there, yet charts are clearly in 3's down and have a good ways in price to go. The tape, looks and feels alot like 98 selloff, where put buying, fear, or pretty much anything went way past extremes anyone thought possible. We are clearly in a bear market with markets below moving avg of importence, and all rallies being sold. I think we need another 10% to wash out the access, but we probably rally first to reduce oversold presure. HOWEVER that being said a reall panic 4-6% one day whoosh would sure make this easier to trade.
i tend to agree
its funny the last week or so sure fealt like 01-02
yes...the p/c has been troubling. However as we enter this bear be carefull for indicator failure
by most technichal definitions we are in or teetering on the edge of being in a Bear market....look at $tran and $Russel
are you reffering to the force of the snap back rallies?
how much of a retrace d you expect here
chart of spx looks dreadfulll..