-
Welcome to the TSP Talk Forums forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content, join our AutoTracker, and access many other special features. Registration is simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact us. -
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
Market Talk / June 11 - 17
- Thread starter Spaf
- Start date
The_Technician
Active member
Brilliant...why thank you very much for the complement MM.....now that is what I call someone on the ball........still wondering what happened on the 12th of May I see......
Inflation is UP!!! 0.3 instead of the expected 0.2....look out belooowwwww!!!!
Gotta get some new threads (material) soon.....man over the cliff has been fooling us good, I thought he was hang'in on with his hands only (lost his toehold last weeek), but it come to mind for me to look over the edge and saw he has a noose around his neck waiting for the final hang'
in.......guess he'd rather hang himself when he lets go rather than take that frightful fall he's staring straight into......guess I could save him the agony and just shoooot the SOB right between the eyes, but then I think I'm given him enough by listening to him yell alot......
Meanwhile, me and Trigger is taken it easy waiting on that invitation for that BBQ........I think I hear some more noise over that'a way....gonna check it out real soon......can't make it out....sounds like some steeers got wary......looking for some real adjustments coming our way soon......(heat and wind picking up)
Inflation is UP!!! 0.3 instead of the expected 0.2....look out belooowwwww!!!!
Gotta get some new threads (material) soon.....man over the cliff has been fooling us good, I thought he was hang'in on with his hands only (lost his toehold last weeek), but it come to mind for me to look over the edge and saw he has a noose around his neck waiting for the final hang'
in.......guess he'd rather hang himself when he lets go rather than take that frightful fall he's staring straight into......guess I could save him the agony and just shoooot the SOB right between the eyes, but then I think I'm given him enough by listening to him yell alot......
Meanwhile, me and Trigger is taken it easy waiting on that invitation for that BBQ........I think I hear some more noise over that'a way....gonna check it out real soon......can't make it out....sounds like some steeers got wary......looking for some real adjustments coming our way soon......(heat and wind picking up)
Last edited:
The_Technician
Active member
Trigger and I just heard something over yonder and decided it would be worthy to check it out....found some steers jumping off cliff following an older more knowledgeable steer....figger this was what happened earlier at that other location where we found steers at the bottom of cliff since about mid May.....
We took a looksee around and found a path down to the bottom of the valley and survived....Ooopps just saw the feller hanging on the edge let go, kicking and yelling then......silence...........wind and heat wave cooking good up top, but seems things are at ease down in the bottom......probably getting to be better times ahead and will get a reprieve from the circumstances coming up soon.....
We decided to go ahead and get some of that BBQ of the roasted steer(s) of late.......sit after and contemplated what to do today and tomorrow......Trigger wants to take a break and siesta......maybe I'll have to go fix that bull pen....can't have them steers jumping off cliffs when they need not be......
No BS!!!
We took a looksee around and found a path down to the bottom of the valley and survived....Ooopps just saw the feller hanging on the edge let go, kicking and yelling then......silence...........wind and heat wave cooking good up top, but seems things are at ease down in the bottom......probably getting to be better times ahead and will get a reprieve from the circumstances coming up soon.....
We decided to go ahead and get some of that BBQ of the roasted steer(s) of late.......sit after and contemplated what to do today and tomorrow......Trigger wants to take a break and siesta......maybe I'll have to go fix that bull pen....can't have them steers jumping off cliffs when they need not be......
No BS!!!
The_Technician
Active member
PPI and CPI indicate inflationary trends
http://news.yahoo.com/s/nm/20060613/bs_nm/economy_dc;_ylt=Avl6BxwOtQ8mDtJ.7jZ7KXpZ.3QA;_ylu=X3oDMTA5aHJvMDdwBHNlYwN5bmNhdA--
guess old steers just know when to jump......they can't live in bear territory....and they seem not to be able to metamorph into a bear.....
S&P in the 1220's!!!! maybe that buying in May makes money in June...must be investing from Mars....
No BS!!!
http://news.yahoo.com/s/nm/20060613/bs_nm/economy_dc;_ylt=Avl6BxwOtQ8mDtJ.7jZ7KXpZ.3QA;_ylu=X3oDMTA5aHJvMDdwBHNlYwN5bmNhdA--
guess old steers just know when to jump......they can't live in bear territory....and they seem not to be able to metamorph into a bear.....
S&P in the 1220's!!!! maybe that buying in May makes money in June...must be investing from Mars....
No BS!!!
Good information robo. My Excel charts confirm the theory of this article.
"In truth, what we are seeing in the stock market is a "correction" -- an innocuous word which means that if you are a long term investor in the stock market, you are losing money on paper (unless you safely parked your portfolio in cash). These "corrections" come along every so often as stock prices move up too fast -- well above trend growth in the economy, in fact -- and have to be "adjusted" down. Usually, the market will undergo a correction about three times a year. Historically, each correction will give back anywhere from 4-7% of stock value. Every year or so, a 10% correction will occur. And, every 4 years, almost like clockwork, we get a correction which averages about 20%."
http://marketclues.blogspot.com/
"In truth, what we are seeing in the stock market is a "correction" -- an innocuous word which means that if you are a long term investor in the stock market, you are losing money on paper (unless you safely parked your portfolio in cash). These "corrections" come along every so often as stock prices move up too fast -- well above trend growth in the economy, in fact -- and have to be "adjusted" down. Usually, the market will undergo a correction about three times a year. Historically, each correction will give back anywhere from 4-7% of stock value. Every year or so, a 10% correction will occur. And, every 4 years, almost like clockwork, we get a correction which averages about 20%."
http://marketclues.blogspot.com/
robo said:
The_Technician
Active member
[quote
guess old steers just know when to jump......they can't live in bear territory....and they seem not to be able to metamorph into a bear.....
S&P in the 1220's!!!! maybe that buying in May makes money in June...must be investing from Mars....
[/quote]
Hmm, EFA back down to the high 50's again......
Trigger indicated to me he saw a red glow over there at the jump off we just looked at......apparently after investigating the carnage.....many older bulls all had redfaces before they did themselves in......apparently it must'a been because they had convinced all the younger steers to take the jump with them ....and then realized what they had done.....jumped before fully knowing what they were doing........feller on the cliff hangin there by noose....he two had red face on......oh well can't help them now, maybe we can save the herd if we can get the bull pen rebuilt, stronger than they built it last time......
No BS!!!
guess old steers just know when to jump......they can't live in bear territory....and they seem not to be able to metamorph into a bear.....
S&P in the 1220's!!!! maybe that buying in May makes money in June...must be investing from Mars....
[/quote]
Hmm, EFA back down to the high 50's again......
Trigger indicated to me he saw a red glow over there at the jump off we just looked at......apparently after investigating the carnage.....many older bulls all had redfaces before they did themselves in......apparently it must'a been because they had convinced all the younger steers to take the jump with them ....and then realized what they had done.....jumped before fully knowing what they were doing........feller on the cliff hangin there by noose....he two had red face on......oh well can't help them now, maybe we can save the herd if we can get the bull pen rebuilt, stronger than they built it last time......
No BS!!!
The_Technician
Active member
Yeappppp.....I saw that one coming on the S&P a few minutes agooooo, mid 1220's ...I sure did...saw it coming middle of last month...(May, somewhere around the 12th).....it pays to have "A" friend with a crystal ball......good tip there CARNAC.....
Looks like the wind really started blowing over the cliff......rope let loose, feller went ahead and fell anyway.....long drop before he ploooped!
All the steers decided that the wagon train around the pile of BS wasn't producing anything, looking for another bull to follow to find some good feeeed!!!
Tip of the day "If you're only gonna have one friend, have a good'un!". Getty up Trigger, time to go for somemore BBQ!!!!
No BS!!!
Looks like the wind really started blowing over the cliff......rope let loose, feller went ahead and fell anyway.....long drop before he ploooped!
All the steers decided that the wagon train around the pile of BS wasn't producing anything, looking for another bull to follow to find some good feeeed!!!
Tip of the day "If you're only gonna have one friend, have a good'un!". Getty up Trigger, time to go for somemore BBQ!!!!
No BS!!!
The_Technician
Active member
Thanks to CARNAC I wasn't in the market this past month.....due to his diligence over the past 5 months to find and understand the instructions to his new crystal ball.....even though he wasn't in the market, he was doing his tests and was on the ball......and it showed.....even though he is a small fry now, maybe he will be like Warren one day, even Warren had a first 5 months....
Getty up Trigger, BBQ is over!!!! Gotta take Miss Daisy home....she's expecting me for my gentleman ways to see her there safely........there steers to pen up over the next several weeks......they all running loose!!!!
Getty up Trigger, BBQ is over!!!! Gotta take Miss Daisy home....she's expecting me for my gentleman ways to see her there safely........there steers to pen up over the next several weeks......they all running loose!!!!
The_Technician
Active member
Pilgrim said:
Its looking pretty good right now.....but its gonna be a shorty.....
Spaf
Honorary Hall of Fame Member
The Kingdom of TSP
Daily Edition
June 13, 2006 Closing
Daily Edition
June 13, 2006 Closing
Yak, Doodles, Tea Leaves & The Tin Box
Kingdom Yak:
Pro-Yak...................................Lube under 69: Storm relief, lo demand & supplies.
Con-Yak..................................Socks getting stinkey. FebreZe please.
Doodles:
Socks [$SPX] Closed at..............1223.69, dn -12.71
Volume (CMF) (money flow).........-0.079, decreasing.
Averages (MACD) (trend)............-13.730, decreasing.
Momentum (S-STO) (signal).........11.59, decreasing.
Strength (RSI) Overbought/sold....[70] 29.57 [30]
Lube (NYM) Closed at..................68.56, dn -1.80
Oil Markers................................<70= ok, 70-75= worry, >75= panic.
Tea Leaves:
Charts & Stuff............................Red / Green [doodles dn, Lube < 70]
Tin Box:
Position.....................................100% socks
Stops [$SPX]..............................Alert: NA. Trail: NA.
robo
Well-known member
Some Market Comments:
The Fed will increase another 1/4, and the price is already in the Market.
What he says could be a Market Mover.
More pain! The 1220's need to hold. We are at a major support level here.
( See Chart )
I see Tom joined us for some pain or gains!!!!! I hope gains!!
I was early on this correction, but will be ok if the 1220's hold. Closing at 1222 is starting to get me concered about heading to 1200's..
Still 75% long, but I will not add more stocks. I'm 25% over my risk level, but added based on Henry's long postion.
How much more lower can we go?????
Comments From a TA:
Yesterday was a ninety percent down day. If you add all the points gained by advancing stocks on the NYSE and then add all of the points lost by declining stocks, you will find that 91% of the changes were on the downside. The same was true for the NASDAQ. Not only that, but ninety percent of the volume traded on each exchange was in falling stocks.
This indicator system was developed by Paul F. Desmond of Lowry's Daily Market Trend Analysis Report over 40 years ago. He found that major market bottoms were preceded by strings of days in which down volume accounted for 90% or more of the total. He also found changes at the 80 percent level occurred frequently during the bottoming process. On May 11 there was an 84% down day and since then there have been 85, 89, 90, 91 and yesterday another 90% down day. That's 6 very negative days in a month.
The last time there was a comparable period was in 2004, when between March 9 and May 10 there was a string of 10 days in the 80's and one day at 92%.
I hope Mr. Desmond indicator system is telling us we are close to a temporary bottom and maybe a tradeable rally. The rest of the summer and the fall is another story.
Good Investing/Trading
The Fed will increase another 1/4, and the price is already in the Market.
What he says could be a Market Mover.
More pain! The 1220's need to hold. We are at a major support level here.
( See Chart )
I see Tom joined us for some pain or gains!!!!! I hope gains!!
I was early on this correction, but will be ok if the 1220's hold. Closing at 1222 is starting to get me concered about heading to 1200's..
Still 75% long, but I will not add more stocks. I'm 25% over my risk level, but added based on Henry's long postion.
How much more lower can we go?????
Comments From a TA:
Yesterday was a ninety percent down day. If you add all the points gained by advancing stocks on the NYSE and then add all of the points lost by declining stocks, you will find that 91% of the changes were on the downside. The same was true for the NASDAQ. Not only that, but ninety percent of the volume traded on each exchange was in falling stocks.
This indicator system was developed by Paul F. Desmond of Lowry's Daily Market Trend Analysis Report over 40 years ago. He found that major market bottoms were preceded by strings of days in which down volume accounted for 90% or more of the total. He also found changes at the 80 percent level occurred frequently during the bottoming process. On May 11 there was an 84% down day and since then there have been 85, 89, 90, 91 and yesterday another 90% down day. That's 6 very negative days in a month.
The last time there was a comparable period was in 2004, when between March 9 and May 10 there was a string of 10 days in the 80's and one day at 92%.
I hope Mr. Desmond indicator system is telling us we are close to a temporary bottom and maybe a tradeable rally. The rest of the summer and the fall is another story.
Good Investing/Trading
Last edited:
robo
Well-known member
JAC,
The 1231 is the point at which the S&P will intersect with the uptrend line connecting its October 2004 and October 2005 lows. The hope was it might have a chance to stop the decline, but failed today.The next hope was for 1223 and 1228 to hold. It's not good that we closed at 1222!!! The range between the 2 lines had a good chance to find some much needed support.
The 1231 is the point at which the S&P will intersect with the uptrend line connecting its October 2004 and October 2005 lows. The hope was it might have a chance to stop the decline, but failed today.The next hope was for 1223 and 1228 to hold. It's not good that we closed at 1222!!! The range between the 2 lines had a good chance to find some much needed support.
Last edited:
robo
Well-known member
Is It Time To Buy The SPDRS S&P Deposit Receipts (AMEX: SPY)
June 14, 2006
The exchange-traded fund Standard & Poor's Depositary Receipts SPDRs (AMEX: SPY), since reaching its rally highs on May 9 th, has lost 7.5% as of Tuesday’s close. The sell-off has broken below several major support levels and is now below the 200-day moving average. By some measures, this forecasts a bear market ahead.
Is it time to buy? Is a rally in the cards? The SPDRs, along with the rest of the market, is hugely oversold. A bounce could come at any time. But today the SPDRs closed below a strong support level at SPY 123.26. This close points to a decline that will now reach at least SPY 120.73.
We would not consider a long trade until the SPDRs close above 125.00. In the Fibtimer.com ETF Timing Strategy, the SPDRS remain a SELL.
http://timing.typepad.com/timer/
I get Fibtimer.
http://www.fibtimer.com/login.asp
June 14, 2006
The exchange-traded fund Standard & Poor's Depositary Receipts SPDRs (AMEX: SPY), since reaching its rally highs on May 9 th, has lost 7.5% as of Tuesday’s close. The sell-off has broken below several major support levels and is now below the 200-day moving average. By some measures, this forecasts a bear market ahead.
Is it time to buy? Is a rally in the cards? The SPDRs, along with the rest of the market, is hugely oversold. A bounce could come at any time. But today the SPDRs closed below a strong support level at SPY 123.26. This close points to a decline that will now reach at least SPY 120.73.
We would not consider a long trade until the SPDRs close above 125.00. In the Fibtimer.com ETF Timing Strategy, the SPDRS remain a SELL.
http://timing.typepad.com/timer/
I get Fibtimer.
http://www.fibtimer.com/login.asp
