Market Talk Jan. 29 - Feb. 4

If you take your 50% pull back from the last piviot point
1259 "1-25-06... today's low was at the 50% retracement...1276.80 todays low was 1276.85 ! Then we closed higher....
Googles miss will not drag the whole market down, maybe the internet stocks ? They say it was a tax rate thing and they made "beat" the gross numbers. So I see a big bounce in the morning... They were buying it up after hours 379 the low was 369 that I saw.. Jumped in for a trade.. might keep it longer. Price will tell all...
 
tsptalk said:
There's a big ol' gap in the Google chart at 310 that is ripe for filling. :eek:

One at 358 also , But gaps are not always filled and the longer they remain unfilled the less likely it will happen...
They usually will fill in 2 weeks or less after that the odds go down.. Hey anything can happen we all know that..
I will sell long before that as I not a hold and hope trader...
If I can make a quick 20% I start getting trigger happy.:)

Skip
 
Yeah, I doubt it would go straight down to 310 even if it does fill eventually. Could be lots of short term trading opportunities in there.
 
01/30/2006 $8,186,710,462,276.89

Debt ceiling is $8,184B.

Amazing you hear nothing about the U.S. goverment is in technical default.

3/10/30 year bond annoucement tomorrow. Wonder how much new debt we are going to try to peddle? And who is going to buy? :(
 
Japan's second session started off badly. They may of even halted. Not sure about that. Was down 70 then stopped after being up strongly after the first session.

However, at the same time the U.S. futures went to their worst levels of the night .

Not sure what is going on since I can not get a current quote on the Nikkei. :confused:

OK. Looks like they are trading down 128 now. :confused: .

I was thinking about moving to I fund today. Glad I am in G fund.
 
Current viewpoint

After the presidents speech last night it is quite apparent that competition is best for the oil situation....meaning there is no other way out of the higher oil prices except two roads, drop consumption, or produce your own....:D

Analysing the current situation indicates anything can happen....but the specter of higher business/consumer costs is hovering over us like a guillotine....in country and worldwide....this is a good time to keep your eyes open and I believe we will see some spectacular events between now and end of April.....don't know what they will be in particular but, I firmly believe it will be spectacular....:rolleyes:

I must say that there seems to be extreme attempts by an undertow of the general public to stuff us away.....lets not let it happen....;)

Some recent data analysis indicates that the power of the market direction is neutral....we should see a signal of the direction we will take soon.:)
 
F fund

is getting it today.....it could be an indication of what is coming .....of course overseas is another story.....last time the F fund got it like this was in April 2004....the rest of the funds did do so well either....
 
Oh Gads!

The Horseman Krude is out of control!

He's kicked the lube up to close to $69 a bucket. :eek:
 
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