fabijo's account talk

[fabijo]

Very long term Bullish Continuation Triangle pattern??

 

[Birchtree]

The BPI (Bullish Percent index) went below 20% in the Feb. lows - this condition is an intermediate term bullish sign. This bullish set up of stocks making lower lows and BPI makes a higher low (July 15th) occurred at the 1998 bottom and the 2002 bottom. The current positive divergence is much larger than the previous two bottoms and is a positive bullish sign. Here comes 1995 again.

 

[Steadygain]

You guys tickle me - you really do.

I would agree the CHART is very impressive and undoubtedly shows that historically the best place to be is invested.

But we've manage to tweak the broadest aspects of the major Financial Sector weakness - by addressing it in various stages over the past year - with major interventions mostly from the FED and Government.

It's possible the Markets hit their high on 12/07 and are on their way down. Now that 'Major Interventions' are over - the best they can do is hide what's happening until they can't hide it anymore.

 

[fabijo]

Hey, what do you mean, Steady? If the market keeps going lower, I'll just draw the line to match up with some other lows. As long as the S&P stays above 60, we'll still be in the bull run that started in 1975! :nuts: :blink: :laugh:

 

[Steadygain]

It's amazing my friend.

Both of us driven by undisputed DATA - you can't argue the facts!

Yet we both have different conclusions.

I'd rather you be right - and the Economy somehow be forced to follow the 75 pattern indefinately. :nuts:

 

[Viva_La_Migra]

Hey, what do you mean, Steady? If the market keeps going lower, I'll just draw the line to match up with some other lows. As long as the S&P stays above 60, we'll still be in the bull run that started in 1975!

A real optimist would say that there's no such thing as a bear market, because the stock market has been on a bull run since inception!

 

[fabijo]

A real optimist would say that there's no such thing as a bear market, because the stock market has been on a bull run since inception!

Right! There you go. I mean - we are infinitely larger than zero.

How much money would you accept to have your vision taken away from you? or your hearing or taste?

You are rich indeed. Most are priceless. Some people would accept a certain amount for those things, but probably a large amount.

 

[fabijo]

I used to wonder if money could just vanish - like the billions of dollars we keep hearing about that are getting lost. I figured, "It has to be circulating somewhere, right?"

Then I remembered that we are on a 10% reserve system. That means that when the Federal Reserve loans out $100, it basically "created" $1,000 out of thin air. So that extra $900 is not real. So, I guess $900 can get lost and be nowhere in the system to circulate.

Am I right, or am I twisting things around, seeing it the wrong way??

 

[fabijo]

It's amazing how some charts just follow the rules perfectly. Break support, go in a downward trend. Break resistance, go upward.

 

[Steadygain]

This one is more in line with my thinking; but then again I'm more heavily into S Fund.

Have a good day my friend.

 

[fabijo]

Have a good day my friend.

How about YOU have a good day.

 

[luv2read]

I used to wonder if money could just vanish - like the billions of dollars we keep hearing about that are getting lost. I figured, "It has to be circulating somewhere, right?"

Then I remembered that we are on a 10% reserve system. That means that when the Federal Reserve loans out $100, it basically "created" $1,000 out of thin air. So that extra $900 is not real. So, I guess $900 can get lost and be nowhere in the system to circulate.

Am I right, or am I twisting things around, seeing it the wrong way??

Finally someone might agree with my theory that there are not "billions" sitting on the sidelines waiting to get back in.....

 

[fabijo]

Finally someone might agree with my theory that there are not "billions" sitting on the sidelines waiting to get back in.....

Right. Especially if those billions are being held by China simply to have a way to threaten our currency.

 

[Silverbird]

Right. Especially if those billions are being held by China simply to have a way to threaten our currency.

It's a matter of trying to control their own currency. Holding $ is starting to really hurt as it causes commodity price inflation. This makes Chinese goods more expensive unless someone's willing to eat the losses. Current problems stem from Chinese now wanting nothing to do with buying into more $ denominated fun, especially dollar denominated real estate and banking bond fun. I wish it *was* simply a threat, then we could argue the point. But right now trying to convince the Chinese to buy more $ is just going to generate a big guffaw on both sides of the Pacific.

 

[fabijo]

Why is it that our government wants to encourage someone to buy a worthless entity?

"Hey you! Sitting over there trying to be responsible. I want you to go buy that guy's trash from him. It's all he's got and I don't want him to die with no money, so just give him some money for that trash. I'll give you a pat on the back."

 

[Gumby]

Why is it that our government wants to encourage someone to buy a worthless entity?

"Hey you! Sitting over there trying to be responsible. I want you to go buy that guy's trash from him. It's all he's got and I don't want him to die with no money, so just give him some money for that trash. I'll give you a pat on the back."

More than a pat on the back.....how about a few billion in your bank account at taxpayer expense. Privatize gains and socialize losses.

 

[Show-me]

Privatize gains and socialize losses.

Well put!

 

[fabijo]

I better get ready to buy some shares this morning!

 

[fabijo]

which bank's stocks should I go for? *researching now* .....

 

[fabijo]

Let's see how bad xlf looks this morning. I think I'm jumping on it.