I hope you are right since I am in for today but the futures market doesn't seem to agree with you.
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Griffin Account Talk
- Thread starter Griffin
- Start date
I hope you are right since I am in for today but the futures market doesn't seem to agree with you.
Griffin
Well-known member
Dave,
Futures are good for about the first 15-30 minutes of the day. But the situation is improving in the OSMs the EU was down .5 on average and is now red about .3
Have a little faith :nuts:
On a serious note, I personally believe we are going to spend a good chunk of this whole year waiting for the big pullback. It seems absolutely absurd that this bull run could just run and run, but if you fixate on the pullback, you will end up like Tech. I'm glad your in - keep your stops up to date.
Futures are good for about the first 15-30 minutes of the day. But the situation is improving in the OSMs the EU was down .5 on average and is now red about .3
Have a little faith :nuts:
On a serious note, I personally believe we are going to spend a good chunk of this whole year waiting for the big pullback. It seems absolutely absurd that this bull run could just run and run, but if you fixate on the pullback, you will end up like Tech. I'm glad your in - keep your stops up to date.
Griffin
Well-known member
Futures may still be down, but Bonds are taking a loss due to the jobs report. I take that as an indicator that there is some buyer sentiment out there.
Once again, I will say - as long as the S&P 500 stays above 1410, I think we are set for a rally (it may not come until next week)
One last thing - The crack addicts over in N. Korea are revin' up for another nuke test.
http://money.cnn.com/2007/01/05/markets/bondcenter/bonds/index.htm
Once again, I will say - as long as the S&P 500 stays above 1410, I think we are set for a rally (it may not come until next week)
One last thing - The crack addicts over in N. Korea are revin' up for another nuke test.
http://money.cnn.com/2007/01/05/markets/bondcenter/bonds/index.htm
I agree that the futures are not a good indicator of the day. But Japan is already closed and that is going to hurt my 50% in the I. The rest is in the S so hopefully that will turn around. I also agree with your thoughts on the pullback. It kept me out for most of the 4th quarter and cost me about 7% in gains. I'm going to try and steal a few percent here but I will still be definitely watching for a small breather (hopefully it won't all come today).
Lastly, there is one point on which I cannot agree with you. As a diehard Dallas fan, I can't see the Eagles going all the way (even though I grew up in South Jersey)
Griffin
Well-known member
I can understand straying from the flock, my resolve has been tested over the years, but how do you become a Dallas fan? 
Were you exiled from Jersey....have you given up on the Boss too?
Enjoy TO, with any luck he will you convince you to cross back into the light
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Were you exiled from Jersey....have you given up on the Boss too?Enjoy TO, with any luck he will you convince you to cross back into the light
.I can understand straying from the flock, my resolve has been tested over the years, but how do you become a Dallas fan?
Enjoy TO, with any luck he will you convince you to cross back into the light
My Dad was a fan so I was a fan. I have no idea why he was a fan. I think he liked that both Staubach and Landry had professed their faith in Christ.
It's been tough being a fan with the tuna and T.O. on board but I'm not the fair weather type. Dallas gets the easy road to NFC championship game, Seattle first then Chicago (assuming your Beagles take care of the G-men). Hopefully they can cure some of their recent ills and make a run. I'd love to see T.O. get dumped after this season.
Back to $$$$. Looks like my 50/50/S/I ain't working out too well. I may go 100% I for Monday and hope for some kind of afternoon turn around (with no FV of course)
Great. You pull me back in so I can take the beating and you bolt.
FundSurfer
Well-known member
Throwing good money after bad?
This cannot be the beginning of a pullback. My luck/timing/whatever could not possibly be that bad.
FundSurfer
Well-known member
Where's that graphic of the market rollercoaster Tom often post?
350zCommTech
Well-known member
I hope that wasn't sarcasm...
Weren't those common phrases ottered by many traders in '87 and 2000/2001?
Griffin
Well-known member
I probably shouldn't say this, since death by stoning (via beer bottles) is the unofficial punishment for being a Dallas fan in this town, but they used to be an admirable team. With any luck, the NFL will blacklist TO permanantly.
New York is going down like todays I-fund (snicker)....don't blame me you sat on the sidelines. If I recall, you tried to pass FS, S&S, Show-me and I by making some contrarian moves. You admitted at the time that was silly. Keep in mind, this is like elementary school - all the kids get to be winner's if we work together. Your not entirely alone, Sugar jumped into the S-fund. I suspect she will get a "coming to Jesus" speech from Spice before the days out. :nuts:
New York is going down like todays I-fund (snicker)....don't blame me you sat on the sidelines. If I recall, you tried to pass FS, S&S, Show-me and I by making some contrarian moves. You admitted at the time that was silly. Keep in mind, this is like elementary school - all the kids get to be winner's if we work together. Your not entirely alone, Sugar jumped into the S-fund. I suspect she will get a "coming to Jesus" speech from Spice before the days out. :nuts:
That was a long time ago. I've been out of the tracker for quite a while and my stubborness had nothing to do with you guys.
sugarandspice
Well-known member
Eagles defense must remain intact and play sound.
Jeff Garcia will not lead them to the promised land. That is a promise.
Jeff Garcia will not lead them to the promised land. That is a promise.
Griffin
Well-known member
sugarandspice
Well-known member
With Garcia's ability to slam his head against things, the Eagles are 1 hard hit away from the A.J. and Koy traveling road show. Personally I would like to see Drew Brees beat the Chargers but that ain't gonna happen either. I gamble too much on football to have a favorite team. I'd like to see Mcnair win too. Ok sorry got footballitis.
weatherweenie
Well-known member
I think I LOVE you! :laugh:
Griffin
Well-known member
Getting your teeth kicked in is all part of the great Philly experience. It's a favorite passtime, almost more popular then shooting each other. It's a city that has a way of bringing out the (not-so) greatness in people - Ben Franklin had thirty something illegitimate children - so just about anyone can be related to the great Philly spirit. Maybe Feeley or Demter have it in their blood.
Griffin
Well-known member
I am fairly confident that the quick drop at opening (despite the green futures) is indicitive of what we will see for much of this week. The media is focused on the merger's and acquisitions occurring this week, but I think the uncertainty (sell pressure) that will be produced will have a more profound effect then the hopes for bigger P/E ratios (buy pressure).
Japan was closed for a holiday but most the far east did follow suite with the US and slid today. So keep in mind that can of worms is waiting to be opened tomorrow and will likely be seriously red, if we get anything less then a nice rally today.
The EU is slightly positive which is not suprising considering it took the brunt of Friday's sell off right at close. However, the EU is now looking for direction and will probably take it from Japan tomorrow.
Today the market is going to search for a bottom and it might even find one just long enough to create a sucker rally. The difference between a sucker rally and a real rally will be most evident in how the S&P 500 reacts to the 1410 level. If it can master it, the rally just might be real, but if it struggles - I'd stay away.
Japan was closed for a holiday but most the far east did follow suite with the US and slid today. So keep in mind that can of worms is waiting to be opened tomorrow and will likely be seriously red, if we get anything less then a nice rally today.
The EU is slightly positive which is not suprising considering it took the brunt of Friday's sell off right at close. However, the EU is now looking for direction and will probably take it from Japan tomorrow.
Today the market is going to search for a bottom and it might even find one just long enough to create a sucker rally. The difference between a sucker rally and a real rally will be most evident in how the S&P 500 reacts to the 1410 level. If it can master it, the rally just might be real, but if it struggles - I'd stay away.
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