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coolhand's Account Talk
- Thread starter coolhand
- Start date
CrabClaw
Well-known member
I agree, does not look pretty right now. I am in agreement with Corepuncher that we will get to the 1030 to 1040 area
Birchtree
Well-known member
Good article. Let's see now - give the minority at risk crowd principle reductions - I don't think so. The Obama constituency were mostly unqualified from the beginning - the only answer is to increase the amount of the welfare check and give those that are paying the true cost of his programs a tax cut. I'll take a slower recovery and eat the remaining foreclosures.
coolhand
Well-known member
coolhand
Well-known member
Here's a post from Semibiz today (He's got his own premium service on the web). I don't dismiss his views lightly. His view is basically the same as mine as I posted in my latest blog.
http://www.traders-talk.com/mb2/index.php?showtopic=115626
http://www.traders-talk.com/mb2/index.php?showtopic=115626
JTH
Well-known member
Stop posting common sense, nobody wants to hear that sort of rubbish until they've lost all their money. :cheesy: Seriously though, you have to respect that fact we've failed to close above a 50% retracement twice on the monthly charts. SPX 1015 (38.2% retracement) is more than feasible. If that happens you can't rule out another test of 666....JMHO
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coolhand
Well-known member
The March lows may be coming, although that's a long way down. Your charts are confirming my own as far as being in cash. Europe and China have my attention and they will impact our own domestic market at some point. It's not if, but when. I don't think the dollar rally is a fluke at the moment either.
More from Semi...
http://volumedynamics.com/forums/index.php?showtopic=1398
poolman
Top Return 2008
coolhand
Well-known member
I'm not sure Coolhand other than maybe taking into consideration the weekend.
I think you're right. This happened some months ago too, but it's not typical so when it comes early it always surprises me.
Uptrend
Well-known member
I believe it has to do with the dollar impulse surges. Look at the gaps up on UUP. When you review the TSP closing prices, you will find that they correlate.
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coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=as_YC9eMhEL8
Examiners are looking into possible wrongdoing linked to the financial-industry bailout, including insider trading, accounting violations, mortgage fraud, obstruction of justice and money laundering, according to the report. Barofsky didn’t identify the targets of pending investigations, though details of some cases have emerged separately.
Oh yeah, this instills confidence in my market psyche.
Examiners are looking into possible wrongdoing linked to the financial-industry bailout, including insider trading, accounting violations, mortgage fraud, obstruction of justice and money laundering, according to the report. Barofsky didn’t identify the targets of pending investigations, though details of some cases have emerged separately.
Oh yeah, this instills confidence in my market psyche.
coolhand
Well-known member
nasa1974
Moderator
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=as_YC9eMhEL8
Examiners are looking into possible wrongdoing linked to the financial-industry bailout, including insider trading, accounting violations, mortgage fraud, obstruction of justice and money laundering, according to the report. Barofsky didn’t identify the targets of pending investigations, though details of some cases have emerged separately.
Oh yeah, this instills confidence in my market psyche.
They are all crooks and should do hard time. Not some country club facility.
