ATCJeff's Account Talk

Sort by newest Sort by date
Another gap to the upside on opening this morning. That's three in a row. Not sure if this is bad or good. But generally those gaps will get filled. Maybe next week after the jobs report. Note to self, get out Friday!

BTW, one of the gaps got filled on the first day.
 
ATCJeff said:
Another gap to the upside on opening this morning. That's three in a row. Not sure if this is bad or good. But generally those gaps will get filled. Maybe next week after the jobs report. Note to self, get out Friday!

BTW, one of the gaps got filled on the first day.
Click to expand...


I'm probably going to get out by COB Wednesday. I'm thinking Friday might be a late day sell off due to people not wanting to hold for Monday.
 
My thinking is to stay in stocks. Last December we had a very nice Santa rally. I sure could use another 10%.
 
Consumer spending, durable orders plunge


http://www.reuters.com/article/hotStocksNews/idUSN2633812620081126



This tells me we are going below $40/bbl for the price of oil. I say by Christmas! Can the price of gas get below $1.00. Again, I say yes!:D

Also, someone on this MB said to look for a great black friday. I think they were right. This extra money has got to go somewhere. If not, many more people are cash strapped and things will get worse after the holidays.
 
Last edited:
ATCJeff said:
Consumer spending, durable orders plunge


http://www.reuters.com/article/hotStocksNews/idUSN2633812620081126



This tells me we are going below $40/bbl for the price of oil. I say by Christmas! Can the price of gas get below $1.00. Again, I say yes!:D

Also, someone on this MB said to look for a great black friday. I think they were right. This extra money has got to go somewhere. If not, many more people are cash strapped and things will get worse after the holidays.
Click to expand...

WOW Jeff, that's really something! I think the refineries just won't sell it at a price that low!! You never know though, I'm listening! bigear.gif
 
Happy Thanksgiving everyone!

8_5_14.gif
 
Wal-Mart worker in N.Y. dies after being trampled during Black Friday event

The Associated Press
Police say a Wal-Mart worker has died after being trampled by a throng of unruly shoppers shortly after the Long Island store opened Friday. Nassau County police say the 34-year-old worker was taken to a hospital where he was pronounced dead at about 6...

I would like a rally as well. My prayers go out to all those who bravely work retail on Black Friday. :worried:
 
ATCJeff said:
This week had the best performance in the DOW and S&P since 1933.

source CNBC
Click to expand...


Looks like black friday may indeed be better than expected. Can you feel the holiday spirit! Keep running up those credit cards! We'll be dead before it is all paid off!

Looking for S&P 950-1000.
 
Was watching CNBC...

Unknown analyst said his exit target was 10,000 to 11,000 on the DOW. Then he predicted the DOW would fall to 3,200. With a recovery not until 2012-14 period. WOW
 
ATCJeff said:
Was watching CNBC...

Unknown analyst said his exit target was 10,000 to 11,000 on the DOW. Then he predicted the DOW would fall to 3,200. With a recovery not until 2012-14 period. WOW
Click to expand...

That prognosis would fit with the "Monk's Chart" I posted last night in my thread. Birchie better be careful, he has so much to lose, and so much pain yet to experience.
 
I appreciate your concern alevin but I believe this economy is stronger going into what likely will be called the 2008-2009 recession than it was on the of the last brutal recession in the early 1980s. I caught the August 1982 bottom and rode hard for ten months making over $300K on relatively little money. The thing I remember about the first three months of that rally was that no one was a believer and therefore many missed a great opportunity. Does history repeat; often. The hedge funds are finished selling stocks and their bonds. Now is the time to grab hold of the brass ring.
 
You must log in or register to reply here.

Similar threads

P
Negative Adjustment Earnings
Replies
3
Views
189
nasa1974
nasa1974
V
Valleymd blog (the international question)
Replies
2
Views
155
tsptalk
tsptalk
TommyIV
September Contest in Progress
Replies
3
Views
4K
TommyIV
TommyIV
tsptalk
December 2024 AutoTracker Winners!
Replies
1
Views
150
nasa1974
nasa1974
tsptalk
November 2024 AutoTracker Winners!
Replies
3
Views
506
tsptalk
tsptalk
Back
Top