Replies to post #256474 on Zeev's Turnips Patch-No Politics (ZEEV)

[TREND1]

Zeev
Take at look at this:

RSI(6) Distribution Lines of 131 SEMI stocks at TOPS and BOT.

http://www.geocities.com/larrydudash2005/index.html


Translation:
Just pug in Today's RSI(6) Distribution and we see how close
we are to Top or Bot.

[orkrious]

If labor continue expand at a clip of 300,000 new jobs every month for another quarter, we add at least 1% to consumer "capacity to spend"

zeev, how do you reconcile the fact that there really aren't 300,000 new jobs each month? most are created using the birth/death model which is based on algorithms applicable to the bubble years

http://www.idorfman.com/Charts/birthdeath.html

[Alexander]

Zeev

With all respect to Roach: "Even a broken clock is right twice a day"

Personally I have yet to encounter an economist that has been able to preddict market turns with a more than 50% probability. Most I know and follow (although honestly I don't spend much time listening to economists anymore) enjoy even less than a 50% success rate.

Personally, I agree with Lynch's comments: "I only spend 15 minutes a year trying to predict the economy".

Just some humble thoughts

alexandre