350Z's I Fund Thread JAN 08

[350zCommTech]

I got most of my co-workers to sign. I spread the word every chance I get.


Current estimate:

Up 25 cents. Most of it due to the dollar.

 

[nnuut]

3003!
:d:d

 

[Robo5555]

.25 cents sound real good to my ears about now.

 

[tom1tom1]

I signed the petition this weekend

 

[Squiner]

I signed today. I really hope it has some affect.

 

[350zCommTech]

Up 19 cents.

The FTSE is struggling. I'm not feeling good about this market. The Nikkei will obviously shoot to the moon if the USM can end like this. The problem tomorrow is Citi's big $24B(?) writedown. Since most of the detail is already known, I can see a sell the news tomorrow.

 

[Gunny]

Hopefully it's near bottom now with our market.......just jumped to 50% C..25%S..& 25%I. Let's see a raise of hands who are sick of things going down!

 

[weatherweenie]

eafe +0.82%

 

[MR_BOOOOM]

Up 19 cents.

The FTSE is struggling. I'm not feeling good about this market. The Nikkei will obviously shoot to the moon if the USM can end like this. The problem tomorrow is Citi's big $24B(?) writedown. Since most of the detail is already known, I can see a sell the news tomorrow.

350z, I see you went 100G, looking for a large +FV today aren't you ?

You don't see this rally carrying over to the OSM's tonight and tomorrow ? Isn't citi's writedown basically factored in from last week ?

 

[350zCommTech]

350z, I see you went 100G, looking for a large +FV today aren't you ?

Not at the time.

You don't see this rally carrying over to the OSM's tonight and tomorrow ? Isn't citi's writedown basically factored in from last week ?

Oh, if the USM can end like this, the Nikkei will definitely be up big tonight. The OSMs will be reacting to the USM tomorrow. As for Citi, yes, all the news has been factored in but IMO, it's the opposite of what you're thinking. Take a look at this chart.

View attachment 3063

Notice that it has been up 4 days straight including today. Notice that it's quickly approaching the 20dma, which has been pretty good resistance. The news for Citi has been both good and bad. $24B writedown, dividend cut, injections from foreign money, etc...

What I was saying this morning was that most of the Citi news, good and bad, might have already been factored in. A tame PPI will obviously help the markets tomorrow, but what if Citi's writedown is more than $24B? Besides that, Dec retail sales will be released tomorrow morning.

Here's another thing. Why hasn't Ben cut already? Is he saving his bullets for the really bad news? Or maybe he can't because the PPI and/or the CPI are going to be hot? If he had cut last week and this week's PPI/CPI comes hot, he will look even more like an idiot. Just my opinion.

 

[350zCommTech]

No +FV.

 

[350zCommTech]

Up 19 as expected.

Japan and Australia not looking good.

 

[350zCommTech]

Yikes! the Nikkei just broke 14000. Next support at around 13750. Below that, support is 13000.:worried:
I'm using Friday's chart to show support lines.

View attachment 3071

 

[Show-me]

Check out the FTSE chart. Two seperate double tops making a larger double top.

http://stockcharts.com/h-sc/ui?s=$FTSE&p=D&yr=0&mn=6&dy=0&id=p51972347693

 

[350zCommTech]

Check out the FTSE chart. Two seperate double tops making a larger double top.

http://stockcharts.com/h-sc/ui?s=$FTSE&p=D&yr=0&mn=6&dy=0&id=p51972347693

Yup, I see it. It's not as bad as the Nikke 225 though. The Japanese market is extremely Yen driven. With another spike in the Yen today, the Nikkei is going to struggle again tonight. If it breaks 13750, it might head down to 13000. The I fund should be avoided IMO.

What did you think of the PPI? Down .1% and core was only up .2% as expected. The CPI usually follows the PPI, so are I you thinking what I'm thinking? C fund?

 

[Show-me]

Yep! The PPT is on the way and the rate cut will still come.

 

[Show-me]

I am concerned with other earning due out. Perhaps this is the week we get capitulation with all the investment banks reporting and Friday is experation.

 

[350zCommTech]

I am concerned with other earning due out. Perhaps this is the week we get capitulation with all the investment banks reporting and Friday is experation.

Intel reports tonight.

Tomorrow we have CPI and Fed's beige book. Earnings from JPM Chase and Wells Fargo. Chase should be OK but Wells Fargo could be the ugly one.

Thursday we have housing starts/permits and Philly Fed index. Earnings from MER and DSL. Both of those should be bad.

Friday is OPEX.

 

[The_Technician]

Intel reports tonight.

Tomorrow we have CPI and Fed's beige book. Earnings from JPM Chase and Wells Fargo. Chase should be OK but Wells Fargo could be the ugly one.

Thursday we have housing starts/permits and Philly Fed index. Earnings from MER and DSL. Both of those should be bad.

Friday is OPEX.

Looks like you're expectations yesterday for the Nikkie and other market expectations for today didn't pan out 350.....

I would presume that means something as far as the current market temperment......

 

[Show-me]

350z,
Remember the "Bernanke Put"? Emergency rate cut on experation day.