350zCommtech's Account Talk

[350zCommTech]

I fund up 7.5 cents.

F fund down 2 cents.

 

[NyteTracker]

The Fed

 

[12%ayear]

My only concern is the US DOLLAR might have a multi-day rally based on the oversold status. IMO Also, Japan has been green for several trading days in a row I think Today has to be one of the hardest days to place a transfer I have seen in a very long time. The large caps are oversold compared to the other funds. That is why I choice the C FUND. Less risk,no currency risk, and lagging Good Luck

 

[350zCommTech]

The Fed

Thank you.

 

[350zCommTech]

My only concern is the US DOLLAR might have a multi-day rally based on the oversold status. IMO Also, Japan has been green for several trading days in a row I think Today has to be one of the hardest days to place a transfer I have seen in a very long time. The large caps are oversold compared to the other funds. That is why I choice the C FUND. Less risk,no currency risk, and lagging Good Luck

Yes, it was a tough choice indeed. Tomorrow's bad news will push the dollar down. The Yen has fallen significantly. This will help Japan's exports. And here's why I think the Nikkei is lagging:

View attachment 2186

 

[350zCommTech]

The Technician said it might pay today (G fund thread)...

My calculations clearly shows it will pay tomorrow. Place your bets.

Yeaaaa.....I win....

 

[wv-girl]

Yes, it was a tough choice indeed. Tomorrow's bad news will push the dollar down. The Yen has fallen significantly. This will help Japan's exports. And here's why I think the Nikkei is lagging:

View attachment 2186

You win again. Japan up over 1%

 

[350zCommTech]

You win again. Japan up over 1%

Not yet. I don't want to count my chickens before they hatch...

 

[buda]

And I backed out of the I COB today...should of stayed in...oh well you win you lose (miss) some.

still having a great year keep up they work folks.

buda

 

[nnuut]

It's not over until it's over!:worried:

 

[350zCommTech]

Here are some charts:

S-fund: 1-2 more up days left?
View attachment 2199

C-fund: same thing?
View attachment 2200

F-fund: It's looking good. The 10yr yield looks like it's ready to drop.
View attachment 2201

 

[12%ayear]

great choice going into the I FUND

 

[350zCommTech]

great choice going into the I FUND

Thank you. Got my fingers crossed....

 

[350zCommTech]

Tomorrow's bad news will push the dollar down. The Yen has fallen significantly. This will help Japan's exports.

Everything so far has fallen in to place except for that BS unemployment claims. It appears to have been an attempt to slow the fall of the dollar.

New home sales at 10:00am will allow the dollar to continue the fall.

 

[350zCommTech]

Currently:

I fund up 40 cents.

F fund flat.

 

[350zCommTech]

Crap, this is much worst than expected.

New-home sales plunge 8.3% to seven-year low
Median sales price down 7.5% in past year, biggest drop in 37 years
By Rex Nutting, MarketWatch
Last Update: 10:01 AM ET Sep 27, 2007

WASHINGTON (MarketWatch) - Sales of new homes dropped 8.3% in August to a seasonally adjusted annual rate of 795,000, the slowest sales since June 2000, the Commerce Department estimated Thursday.

Sales are now down 21.2% in the past year, with no sign of a bottom in the crippled housing market.
August's sales pace was weaker than the 825,000 expected by economist surveyed by MarketWatch. In addition, sales in May, June and July were revised down.

The sales figures do not account for canceled sales contracts.

The median sales price fell 7.5% to $225,700 in August compared with a year earlier, the largest year-over-year decline in 37 years. The median price can be affected by the mix of homes sold between and within regions, and the price does not include nonmonetary incentives, such as upgrades, free vacations and new cars.

The inventory of unsold homes fell by 1.5% to 529,000, the fifth straight decline as builders struggle to bring their inventories down. The inventory represents an 8.2-month supply at the August sales pace, the highest since March.

The number of completed homes that have not yet sold rose 1.1% to 180,000, the first increase since May.
http://www.marketwatch.com/News/Sto...E083-BA8B-4355-AC85-57D8B99C1C81}&siteid=mktw

 

[fedgolfer]

yup, but we all knew the numbers would be bad... this supports the .50 cut and maybe even another one.

Maybe CEOs will sandbag earnings estimates to the Street and then anything north is a posititve suprise a la Steve Jobs... financials will do that too.

 

[350zCommTech]

yup, but we all knew the numbers would be bad... this supports the .50 cut and maybe even another one.

Next Friday's employment number will seal the deal but, yes, they will cut come OCT. 31.


Currently:

I fund up 36 cents.

F fund up 1 cent.

 

[fedgolfer]

... it's really brilliant, and I guess the Street and cronies always do this -- spread the fear with backwards data, delay and stagger retail buying, sandbag earnings estimates, pop earnings announcements and bolster forward guidance to get the euphoria... then take it back and continue the cycle.

 

[350zCommTech]

... it's really brilliant, and I guess the Street and cronies always do this -- spread the fear with backwards data, delay and stagger retail buying, sandbag earnings estimates, pop earnings announcements and bolster forward guidance to get the euphoria... then take it back and continue the cycle.

Not to mention cooking the numbers and the constant help from the Fed. They're doing more injections today.

This is a false rally. It's the end of the quarter window dressing period. And besides, we're getting close to the top of the channel. One more push this afternoon or tomorrow will do it, but I don't want to be greedy.