350zCommTech
Well-known member
The market can't seem to stay above the bottom of the triangle. This is not good. Small caps and tech are dragging it down. The plunge is imminent?:worried:
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
350zCommtech's Account Talk
- Thread starter 350zCommTech
- Start date
Lady,
I've had roughly 20% in F the past month or so and been disappointed - it just isn't doing what it has done historically in downturns. On the days where it rallies a bit I second-guess myself again (like yesterday) and go against my intitial thought to bail and get out. At this point, I think we have to look at the facts: G has outperformed it for the year. I've been following your request for thoughts on it the past week or so, and I second your request for more insight from others with more knowledge and experience.
Thanks 350z - you may have really hit the nail on the head, this situation differs from previous recessions!
350zCommTech
Well-known member
Heading out to play 18 this morning before winter sets in.
Have a good everyone.
Have a good everyone.
Heading out to play 18 this morning before winter sets in.
Have a good everyone.
350,
Was going to head out late morning myself but waiting for the frost to disappear from the greens.
Still a bit chilly 44F with a wind chill of 38F. The sun is shining though and it is going into the mid 50's.:laugh: Still going to try for 9. GL
Corepuncher
Well-known member
This is not the best chart, but it will have to do since I can't figure out how to grab a chart from dailyfx.com.
Here is what is happening. The USDYEN is about to test the March low of 95.71. It's currently at 97.49. That March low is a low that goes back 8 or more years. If it holds, it's rally time. But I don't see it happening. It's only 2% away. The timing is very interesting since the market is about to break out of a triangle pattern. If it doesn't hold, well, we'll know which way the market breaks out of this pattern.
View attachment 4928
below march low right now
350zCommTech
Well-known member
Yes, it actually pinned 95.5 a couple of times before bouncing. Might have been short covering or manipulation. US futures also bounced. Lets see how long this last.
350zCommTech
Well-known member
Lasted less than 10 minutes. Ouch!....:worried:
350zCommTech
Well-known member
I don't believe what GE is saying for one second. They're tapping the widow because they need it.
On the day that Buffet injected capital into GE($22/share at the time)for 10% dividend, a few folks here picked up some GE stocks. I wrote that it was a bad idea. GE closed at $18.80 today. Let's see if I'm right 6 months from now.
Braveheart
Member
If Buffet can't move this stock it is done !!! GE doing business with IRAQ was not only bad business but it is a mark against them forever. IMO I would not but this at even $15. If anything it will be bought out and then their tags can truely say "Made in Iraq".
350zCommTech
Well-known member
GE's financing business is doing them in, just like AIG. Their hand got caught in the cookie jar just like the others on Wall St. It's a shame really. Wall St., thanks to it's MBS/CDS/pyramid scheme/pushing paper/fraud/etc...., is taking down the world.
350zCommTech
Well-known member
USD/YEN is attacking the lows again, but this time might be for real, as Japan looks to be in panic mode.
Nikkei down 813.:worried:
Nikkei down 813.:worried:
Braveheart
Member
Black Friday......C R A S H !!! 
Well if we lose another 1500 at least we have that Obama tax plan if he's elected. Won't be anyone making over 250K but the retired folks got $63 for Social Security. Enough to buy Milk, Bread & Cat Food !!! Sad times ahead folks.
Well if we lose another 1500 at least we have that Obama tax plan if he's elected. Won't be anyone making over 250K but the retired folks got $63 for Social Security. Enough to buy Milk, Bread & Cat Food !!! Sad times ahead folks.
Last edited:
350zCommTech
Well-known member
Black Friday......C R A S H !!!
Well if we lose another 1500 at least we have that Obama tax plan if he's elected. Won't be anyone making over 250K but the retired folks got $63 for Social Security. Enough to buy Milk, Bread & Cat Food !!! Sad times ahead folks.
****.......USD/YEN broke down all the way to 91 and US futures are locked. Obama or whomever, we are screwed.
Hank Paulson and Ben Bernanke, you lieing fucks, cancel that Wall St. $700B bailout because the people are going to need it.:worried:
Silverbird
Well-known member
Not the people, but the country. It's a stack of IOUs masquerading as money. I wish the people could use it, but that's not an alternative with play money.
There is a problem with circuit breakers. For stocks, which could see the same fate, the intent was that the maximum loss on the DOW could be 30%. Problem is that this is not 30% from the previous day's closing, but is calculated quarterly. Today, the DOW could lose 3,350 points before markets are shut down the rest of the day, a 38.5% loss. Other indexes, such as small caps, have been more volatile and I don't believe are subject to separate circuit breakers (correct me if I am wrong), so small caps could lose much more.
WIND_HUNTER
Member
So, what does it mean when they say, limits have been set for pre trading?
350zCommTech
Well-known member
Be careful, Black Monday('87) came after a big down Friday.
Just to make myself clear. I'm just pointing out the fact about '87. I'm not advocating a sell or buy here. I will continue to monitor the currency markets for signals until I decide to go play golf today.
