clester's Account Talk

[clester]

Congratulations Clester on having what I consider the top tsptalk return for 2009. Truly Outstanding!!

Thanks.

I have had my bad years too. However, I am glad to have had such a good year. You haven't done so bad yourself!

 

[KevinD]

 

[clester]

Thanks. Enjoying retirement!

 

[grandma]

Clester, I am hoping your birthday weekend was great, and was noticeably different from just any other day since retirement -

 

[clester]

Thanks. It was a good day.

 

[clester]

I don't hear this on TV but does anyone else see that Germany seems to be taking over Europe without firing a shot. They have now gotten most of the EU countries to give up their sovereignty with these new fiscal controls. Britain and a few others are holding out. They are definitely in charge.

Perhaps, that's good. At least it's voluntary. It may help with the markets. I'm still looking for a breakout but if we go up today then yesterday's low would be a good exit point if one were to buy today.

 

[RealMoneyIssues]

I don't hear this on TV but does anyone else see that Germany seems to be taking over Europe without firing a shot. They have now gotten most of the EU countries to give up their sovereignty with these new fiscal controls. Britain and a few others are holding out. They are definitely in charge.

Perhaps, that's good. At least it's voluntary. It may help with the markets. I'm still looking for a breakout but if we go up today then yesterday's low would be a good exit point if one were to buy today.

Yup, I noticed that too a few months ago as I started to take notice of the European debt issues and how that related to the Euro control over the individual countries. After the British PM's comments, I think that it might be on the minds of just a few people in London too...

 

[clester]

Ok. We stopped the bleeding for a day. The Nasdaq filled a gap from last week. There is still one to go. It has had a bullish crossover of 50 and 200 dma.

Spx needs to get back above the 50 day soon.

We don't really have a strong case either way.

 

[clester]

Things seem better today. $tran bounced off 50 dma and we have a higher low on indices which gives us a uptrend. Doom and gloom over Europe may have played out for a few days. Holding over the weekend is scary. Maybe all the folks shorting are covering in case of good news.

 

[JTH]

Things seem better today. $tran bounced off 50 dma and we have a higher low on indices which gives us a uptrend. Doom and gloom over Europe may have played out for a few days. Holding over the weekend is scary. Maybe all the folks shorting are covering in case of good news.

What if it's just a quick 3-day bear flag, followed by more downside? AGG is up today...

 

[clester]

Could be, of course. Today is options expiration too.

I get this feeling though that we may trend up for a while longer. My sell signal is the low of 2 days ago. That is the the trend line and would give us a lower low.

It's also a contrarian view. Very negative commentary on TV.

 

[Bquat]

What if it's just a quick 3-day bear flag, followed by more downside? AGG is up today...

You may be right.

 

[nnuut]

It appears that we are Walking Down the Wall of Worry?

 

[Bquat]

It appears that we are Walking Down the Wall of Worry?

What me worry. I'm on my lilly in the little pond (red circle) below.:worried:?

 

[clester]

Looks to me like we are in a triangle pattern from October. The trend line from the top is going down while the trend line from lows is climbing. We should get a resolution soon. We are also hovering around the 50 dma in S&P. Not much conviction either way. Sentiment on TV is bad, Europe sucks, and china is slowing, so maybe that will help from a contrarian viewpoint.

 

[clester]

Looks to me like we are in a triangle pattern from October. The trend line from the top is going down while the trend line from lows is climbing. We should get a resolution soon. We are also hovering around the 50 dma in S&P. Not much conviction either way. Sentiment on TV is bad, Europe sucks, and china is slowing, so maybe that will help from a contrarian viewpoint.

Nice rally! Still not much help on charts though. We need a break above the 200 dma. If we can make a run past that we may have some room to run.

 

[clester]

Nice rally! Still not much help on charts though. We need a break above the 200 dma. If we can make a run past that we may have some room to run.

Ditto. Still in a triangle pattern from Oct. nice recovery yesterday shows there may be some appetite for stocks. Looking for that breakout.

 

[clester]

Ditto. Still in a triangle pattern from Oct. nice recovery yesterday shows there may be some appetite for stocks. Looking for that breakout.

Ditto. Still in the triangle pattern. Not worried about selloff today. Nothing has changed. Waiting for a resolution of descending highs and ascending lows. Looks like it will be Jan before we find out.

 

[grandma]

Happy birthday to you, Clester ! And may you continue to climb upwards in the accounting!

 

[nnuut]

Enjoy Today It's Yours!:laugh:

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