Carnac's Corner

[The_Technician]

..I'd like for this coming week to pass before I commit and jump all in

very unstable as the CB's see it.............it ain't worth the risk.....1410 on the SP500 is very likely.....

Echoes of the recent past post is haunting..... if I say so myself.....

Carnac

 

[The_Technician]

Echoes of the recent past post is haunting..... if I say so myself.....

Carnac

Well if that doesn't break the ole camels back....it went right through ole 1410 like a plasma cutter.....wonder what we have coming over the next several months.....

Carnac

 

[Birchtree]

I suspect 1670 on the SPX like pronto.

 

[fabijo]

I suspect 1670 on the SPX like pronto.

1800 by the end of the year.

 

[Birchtree]

Damn - just don't block my lane or at least get far enough ahead so it won't matter. 1800 you think? Well why not!

 

[The_Technician]

Well I can't say at the moment how far up, but I sure was looking down over two weeks ago.....now we need to see if this things stabilizes or not....the Fed action was a good shot in the arm, but it could promote more inflation even though the money pumping earlier will ease things a bit for a while....still though the money pumping is inflationary.....I suppose its a manner of how u want to handle it......and it affects the situation differently ....more money, more inflation but the personal debt starts to shrink proportionately to income over time.....so it helps personal debt some.

I could assume that my assets with now grow in value again in an inflationary style..... Bad thing is all you do is keep up with everything else growing in dollar amount thats around you.....never get ahead that'a way......

The real answer to the economy is to drop the high costs of production by way of energy which affects everything, higher commodity prices....transportation, and so on....

Carnac

 

[poolman]

Well I can't say at the moment how far up, but I sure was looking down over two weeks ago.....now we need to see if this things stabilizes or not....the Fed action was a good shot in the arm, but it could promote more inflation even though the money pumping earlier will ease things a bit for a while....still though the money pumping is inflationary.....I suppose its a manner of how u want to handle it......and it affects the situation differently ....more money, more inflation but the personal debt starts to shrink proportionately to income over time.....so it helps personal debt some.

I could assume that my assets with now grow in value again in an inflationary style..... Bad thing is all you do is keep up with everything else growing in dollar amount thats around you.....never get ahead that'a way......

The real answer to the economy is to drop the high costs of production by way of energy which affects everything, higher commodity prices....transportation, and so on....

Carnac

I agree with what you say but, energy is already and has been priced into the equation for awhile.

The economy is a long shot away from being correct.

Seems to me that my wife and I and everyone around me are working much harder to sustain our lifestyles.

My contribution to my family is to play this stock market game and win.
There can be fortunes to be made if played correctly.

That's my plan in current enviroment.

1'st rule = Don't lose money
2'nd rule = Don't lose money

JMO

 

[The_Technician]

WOOOO HOOOOOOOO!!!!!....man o man has the week been interesting....

u GOTTA LOVE IT!

Seems to me we're in the doldrums for a day or two...the question is, do you get in tomorrow or what....C and S look very inviting.......

Seeing the dollar is losing some strength makes the I inviting....been thar this week and done that......besides, the I is low also.....but you have to watch out for them FV's they almost like the flu, they good as long as it doesn't affect U in a sickly manner!

CB's are loooking at the 1470's and above in the S&P...if the market can hold at that point an up, it would seem we're not finished growing yet....

Hey, that could have been another slogan for Tom

WHOOOOOOHOOOOOO! TspTalk....you GOTTA LOVE IT!!!

Oh well too much too late I suppose....




Carnac

 

[The_Technician]

The CB"s are indicating that a quick finger could lead to your demise tomorrow....I think patience is key....

Carnac

 

[Birchtree]

We could actually be doing the retest for the bottom today - but only on an intraday basis. Time will tell...we could close unchanged.

 

[James48843]

what do you think about a day when the "F" looks like the best bet????

 

[tsptalk]

The F-fund is not always desireable but every dog has its day, and this is the perfect environment for bonds. The bond market says rates should come down because the economy's strength is in question. Once rate cuts begin and start showing signs of helping growth, bonds in theory should outperform stocks. It may only last a few weeks or months but again, in theory, this is the time.

 

[Birchtree]

I think I'd rather suffer the indignity of walking on hot coals before I'd consider the virtues of a bond fund. I don't have the negative temperment for anything related to bonds.

 

[The_Technician]

The CB"s are indicating that a quick finger could lead to your demise tomorrow....I think patience is key....

Carnac

Uhhhhhhh....boy the day really got worse....we could be heading for the 1350's real soon......

Carnac

 

[FUTURESTRADER]

a 'quick finger' before noon yesterday going long today ala ebb, et al, looks to be quite a profitable play today, granted the day is not over

 

[The_Technician]

a 'quick finger' before noon yesterday going long today ala ebb, et al, looks to be quite a profitable play today, granted the day is not over

Yeap...ebb had it and the CB's said it was a good opportunityearly on yesterday, but a bit risky........, realistically, it was a real good day, wonder what tomorrow brings though, looks like it could be rather nil towards the negative.....I have some new concerns about middle of next week still.....the trick here is to get to 1370 and stay above it on the S&P, but the way things have come about over the last couple of months, I wouldn't doubt more of a crash coming......I'm speculating if we go down, we could be down for a year or a bit more and 1200 would be possible.....lets see where the economics takes us....

The CB's say opportunity is still amongst us, but watch your step.....

Carnac

 

[The_Technician]

Looking at the CB's and they are saying watch it....you may get it from the side with another FV on the I.......I wouldn't get in this market this week with your money....

But that's me.

Carnac

 

[The_Technician]

Looking at the CB's and they are saying watch it....you may get it from the side with another FV on the I.......I wouldn't get in this market this week with your money....

But that's me.

Carnac

Further review with the CB's indicates we are going into the doldrums for at least a couple of weeks.....typical Sept it looks like....it seems the future could hold this downward trend we have seen since this last quarter....

So, hold you expectations in check and play when you can take it.

Carnac

 

[The_Technician]

Further review with the CB's indicates we are going into the doldrums for at least a couple of weeks.....typical Sept it looks like....it seems the future could hold this downward trend we have seen since this last quarter....

So, hold you expectations in check and play when you can take it.

Carnac

Ditto the last several posts ..... things are looking very weak....

Carnac

 

[The_Technician]

Seems its been taking time over the last several days....maybe we will have a few more days for good returns coming.

Carnac