350zCommtech's Account Talk

[350zCommTech]

Huge intervention in the last two days, but very little effect on the market. Notice the double bottom.

View attachment 5877

Back below the green line.

View attachment 5878

UK making lower low.

View attachment 5879

 

[350zCommTech]

TNX falling fast. I don't think this bounce in stocks can hold.

View attachment 5880

 

[JTH]

Thanks 350

The F-Fund is the only thing I'm still holding, and I could use some good news

 

[350zCommTech]

Thanks 350

The F-Fund is the only thing I'm still holding, and I could use some good news

You're welcome JTH.

F fund up 3 cents at the moment.

 

[Steadygain]

TNX falling fast. I don't think this bounce in stocks can hold.

I appreciate your charts... and thoughts

I probably use your thread more than you realize and when you look at the charts and match that with all the data....

...I'd say you're doing a GREAT JOB !!

 

[350zCommTech]

Bond yields are still down. Asians finished in the red. Europe is still red and about to finish. SPX up over 1%.

I'm thinking I fund for tomorrow. I see a sell-off this afternoon.

A sell-off this afternoon will put the markets more into oversold. The thing that's giving me doubt is that we haven't seen capitulation yet. Also, my extreme indicator has not hit yet, so I'm just looking to play for a 1-2 day bounce.

The I fund will rally big if the USM can finish green.

USD/YEN might have topped for the day.

 

[350zCommTech]

I'm chicken....:embarrest:

 

[350zCommTech]

Bernanke, "Major US banks meet capital standards".

Oh, really?

Then why the need for a "stress test"?

Why the need to inject capital?

Why the need to have a bank rescue plan?

And you wonder why we don't have confidence in the markets?

 

[350zCommTech]

Taking us off the gold standard allow them to print and kick start inflation. Thus devaluing the dollar and turning us all into debt slaves.

 

[350zCommTech]

Good thing I didn't make that move to the I fund. Big +FV tonight.:nuts:

 

[felixthecat]

what's up? I've been out with the family.

 

[350zCommTech]

what's up? I've been out with the family.

Obamasiah is going fix the world tonight. GDP will be positive in the second half of the year. The depression has been canceled.

Rumor has it that AIG will get their ransom money of $60B. And since nobody else wants to buy any parts of their business. The government will just take it over. The tax payer will eventually have paid 200-300 times their market cap for AIG, but what the hell. It's America. The .gov can do whatever they want and Americans won't have a clue.

Btw, the bottom is in. Buy now or be priced out forever. We are going to DOW 20K.

 

[Frixxxx]

Obamasiah is going fix the world tonight. GDP will be positive in the second half of the year. The depression has been canceled.

Rumor has it that AIG will get their ransom money of $60B. And since nobody else wants to buy any parts of their business. The government will just take it over. The tax payer will eventually have paid 200-300 times their market cap for AIG, but what the hell. It's America. The .gov can do whatever they want and Americans won't have a clue.

Btw, the bottom is in. Buy now or be priced out forever. We are going to DOW 20K.

You forgot that cats and dogs are now living together in perfect harmony:laugh::laugh:

 

[felixthecat]

Nice rally. Hope we have another up day on Wednesday. I'm certain that the volume rally on the s&p off the lows puts in another trading range between 704 and 790.

 

[350zCommTech]

You forgot that cats and dogs are now living together in perfect harmony:laugh::laugh:

You laugh now. I bet you Obama can make that happen.

 

[350zCommTech]

Nice rally. Hope we have another up day on Wednesday. I'm certain that the volume rally on the s&p off the lows puts in another trading range between 704 and 790.

Need a follow through tomorrow. A failure here would be very bearish. A close above 801 could lead to a gap fill near 823. Might go as far as the bottom of the wedge.

View attachment 5886

 

[hessian]

Good thing I didn't make that move to the I fund. Big +FV tonight.:nuts:

Good thing you didn't make that move to "I" - I did put a little in!

 

[Frixxxx]

You laugh now. I bet you Obama can make that happen.

Geithner can't smile 24X7,,,or can he?

 

[350zCommTech]

Good thing you didn't make that move to "I" - I did put a little in!

Yeah, I don't actually have to move to the I fund, like before. All I have to do now is just think about it.

 

[350zCommTech]

When fundamentals suck, send the PPT to the rescue! Japanese tax money at work.

Nikkei likely to rise on hopes for govt stock buying

Tue Feb 24, 2009 6:24pm EST

TOKYO, Feb 25 (Reuters) - Japan's Nikkei average is likely to
gain on Wednesday, after nearing a 26-year low the previous day,
following a jump on Wall Street and a media report that the
Japanese government may buy stocks from the market. Japan's finance minister said on Tuesday the government was
looking into expanding stock buying to support the share market
and the Nikkei business daily said this might include buying
stocks directly from the market. [ID:nN24417212] "The market pared losses after hitting lows yesterday and it
will likely keep that momentum. Additionally, we have a report
today that the government will buy stocks by using public funds
and that will prompt the Nikkei to try the 7,500 level," said
Kazuhiro Takahashi, general manager at Daiwa Securities SMBC. "Although the market can't get back in a full-fledged upward
trend as long as fundamentals don't change, the report will
likely help soothe panic selling for now." Direct stock buying would go much further than current
government stock buying, which involves the Bank of Japan
purchasing shares held by banks. [ID:nT359930] Takahashi said the rebound in U.S. stocks and a weaker yen
will likely buoy exporter shares such as automakers and high-tech
companies. Nikkei futures traded in Chicago 2NKc1 closed at 7,470 on
Tuesday, up 180 points from the Osaka close JNIc1, pointing to
a higher open. Market participants expect the benchmark Nikkei .N225 to
move between 7,300 and 7,500 on Wednesday. The index slipped 1.5 percent the previous day to end at
7,268.56, its lowest close since Oct. 27, after briefly touching
7,155.16 -- not far from a 26-year low just under 7,000. The broader Topix booked its lowest close since
December 1983. U.S. stocks rose more than 3 percent on Tuesday to snap back
from 12-year lows, after Federal Reserve Chairman Ben Bernanke
delivered a big dose of relief when he signalled that
nationalisation of big banks was not at hand.
http://www.reuters.com/article/marketsNews/idCAT36631220090224?rpc=44