Market Talk / July 9 - 15

[mlk_man]

If anyone is interested, I posted sometime ago in response to someone's question about the best time of the month to put money into their IRA and I suggested based on my own research that the best time was the 2nd Thursday of each month. Guess what today is?

Doesn't always hold true, we'll have to wait and see. I'm not currently posting my moves but a friend of mine is posting what I recommend. Guess who?

I did tell them to jump in a day early though. My charts told me to jump in yesterday for today. We may be down today but I doubt it'll be as big a stinker as yesterday.

Well she keeps trying to come back up. I flat to slightly lower day would be just fine with me at this point.

 

[Fivetears]

That was a very silent passing of 12:00 EST. The top 10 are staying put.

Well, no response has value, I think I understand.
Thanks

 

[mlk_man]

S&P at -.22%. Come on baby............

 

[vectorman]

That was a very silent passing of 12:00 EST. The top 10 are staying put.

It's probably the memory of what happened after 10-27-05 for some.

 

[Fivetears]

http://www.tsptalk.com/mb/showpost.php?p=30896&postcount=60

It's probably the memory of what happened after 10-27-05 for some.

 

[nnuut]

It's probably the memory of what happened after 10-27-05 for some.

You mean a hell of a rally, right?

 

[Wheels]

What else can a TSPtalk mug be used for?

Catching your tears????

Seriously, just take a deep breath and regroup. We all have those spells. For me it was all of last year up until October. Since then though I've been rallying pretty good (until this week that is). You'll get your MoJo back soon.

Dave
<><

 

[tsptalk]

Looks like some of us think we have hit the bottom? HUUUMMmmmmm?
Have we hit the top of the Oil rally? HHHUMMMmmm?
Will unrest in Nigeria, Iran, and what appears to be a war between Israel and Lebanon, will it be over tomorrow? HHUUUUUMMMmmmm?
Sounds mighty risky to me?
What do you people know that I don't know? School me please, I don't want to miss a rally!!

I'm trying to get a feel for the fear factor. It is obviously showing its head here but I haven't seen the falling market make the headlines yet. If your local news starts talking about it, it's just about time for a bottom. I'm not sure we are there yet.

Oil, maybe. It's in all the headlines.

 

[Pilgrim]

Same damn pattern as Yesterday: sags in the morning, lunchtime rally, afternoon sell-off. Let's hope the market doesn't find this habit forming!

 

[Pilgrim]

Where is the next support level for the S&P?? All the way down to recent lows (about 1220) or is there something between here and there?

 

[Birchtree]

No panic button in my pocket. I just sold an oil stock and bought 9 wall flowers because I'm positive on the future. Here comes that old stomach churn again. Be right and sit tight.

 

[tsptalk]

Where is the next support level for the S&P?? All the way down to recent lows (about 1220) or is there something between here and there?

There's actually support at 1247, where it is sitting right now. There is a line that can be drawn between last August's high, the end of December low, and May's low. It's all about 1247.

Source www.decisionpoint.com

 

[Pilgrim]

How can AGG be down when bonds are up?? Could bond traders be betting that stocks will be up tomorrow and that money will flow out of bonds?

 

[The_Technician]

Uhh Tom don't look now but.....I think she dunked it......:embarrest:

It makes you wonder don't it.....this is a hard sell off....started yesterday.....I wonder how long its going to go on.....I know this, I don't like the newslines on Israel, Korea, and Iran.....nope sure don't.....and this is a perfect time for something to happen.....

 

[tsptalk]

And I'm afraid 1219 or lower is ineveitible, even if we do see a bounce tomorrow. People are looking for strength to bail. Once they are done bailing, I'll get back in.

Damn the deadline once again!

 

[Pilgrim]

Damn the deadline once again!

What would you have done different? Get all out or stay all in?

 

[The_Technician]

And I'm afraid 1219 or lower is ineveitible, even if we do see a bounce tomorrow. People are looking for strength to bail. Once they are done bailing, I'll get back in.

Damn the deadline once again!

Hmm, good news... I think I just figger out the F fund puzzle everyone is having problems figgering....when its going to pay up......:nuts: .....bad news, don't think its time to get in it right at the moment.....I will make some trade recommendations on it later on....and see how she fairs.....haven't had much time to look fer back but the theory looks validated so far at least back to March 06...

Of course I'm going to get bashed for this too.....bring it on MM...

"Never quit, quitters never accomplish anything"

 

[Birchtree]

I think the budget deficit from the last six months was reduced 17% from the same period in 2005. C'mon Wiz spin it for us.

 

[tsptalk]

What would you have done different? Get all out or stay all in?

In general it kind of freezes you because of the lag and possible whipsaws, but today the Dow was down only about 50 points when I decided to move 50% to bonds. Because of the delay that 50 turned into 166.

 

[tsptalk]

I see tekno and Wizard of Oz both went 100% I for tomorrow. That should get your attention. You guys have some inside info you'd like to share?