Market Talk / May 21 - 27

[mlk_man]

I think Spartan put it best.........................I'll leave it at that.

 

[mlk_man]

Psssst, wizard, you shorting today? :nuts:

 

[robo]

Tom has been talking about this in his comments.

TradingMarkets.com
An Oversold Bounce Is Due, But...
Tuesday May 23, 8:41 am ET
By TradingMarkets Research


During the last two weeks the market has experienced a much needed (and long anticipated) decline, and now it is due a bounce out of a short-term oversold condition; however, the decline could continue for a few more months.

http://biz.yahoo.com/tm/060523/14344.html?.v=1

 

[Pilgrim]

Psssst, wizard, you shorting today? :nuts:

M_M,

I see you moving out of U.S. stocks and asking about shorting. What do you suspect for tomorrow?? All I can see are big reports coming out in the next few days culminating in the make-or-break core PCE Friday morning. That all adds up to a crap shoot. You playing your gut or have you sliced and diced the numbers and come to a conclusion that escapes me?

 

[mlk_man]

M_M,

I see you moving out of U.S. stocks and asking about shorting. What do you suspect for tomorrow?? All I can see are big reports coming out in the next few days culminating in the make-or-break core PCE Friday morning. That all adds up to a crap shoot. You playing your gut or have you sliced and diced the numbers and come to a conclusion that escapes me?

I just mentioned shorting because Wiz said he's been shorting the past week. Just wanted to see if he would actually admit to losing money today.......:notrust:

By my data, I should have gotten out of stocks on Friday, having bought in last Wed, and suffering a bit of loss. But of course I didn't and suffered an even bigger loss........

Now if today stays the way it is, I'll get a buy signal after COB today. A lot of times, but certainly not always, when I get a buy signal the next day is down which enables me to buy lower. If we're setting up for a whipsaw, I'll know two days later. Also, if we are setting up a "bottom", it tends to get very volitile, up one day down the next. However the I fund doesn't always follow this pattern.

I'm trying not to look too much at the upcoming economic data because it always gets me in trouble. But, if the GDP comes out with numbers that the market likes on Thursday, I think that'll be the day that a break out could happen.

Good luck,

M_M

 

[The_Technician]

The last several days action hasn't been seen since the 200-2002 timeperiod.....why should the market all of a sudden go up is beyond me.....

MM, Spartan, FundSurfer, Griffin......ya'll don't need to read this....according to your own demeanor, its below you....But if you do, consider this, if you don't listen up and move properly you will be classified as Stubborn.....next time the classification is Stupid....

For everyone else...

Looks like starting in two days there will be a trend to set new lows.....this has very good possibilities it will be a severe move over the next week or so....

Guard your assets in unstable situations......the risk right now is extremely high....

 

[bkrownd]

During the last two weeks the market has experienced a much needed (and long anticipated) decline, and now it is due a bounce out of a short-term oversold condition; however, the decline could continue for a few more months.

A few months of relief for us young accumulators would be most welcome.

 

[mlk_man]

MM, Spartan, FundSurfer, Griffin......ya'll don't need to read this....according to your own demeanor, its below you....But if you do, consider this, if you don't listen up and move properly you will be classified as Stubborn.....next time the classification is Stupid....

For everyone else...

Looks like starting in two days there will be a trend to set new lows.....this has very good possibilities it will be a severe move over the next week or so....

Guard your assets in unstable situations......the risk right now is extremely high....

Doesn't look like many people are following your advice Techy. Guess you cried wolf too often....................

 

[TiCKed]

I'm no financial genius, (and never miss an opportunity to point that out), but I have to wonder about these comparisons to "2000-2002" that keep popping up here.

Seems to me that the "action" during that time frame was very different from today, and just about any other time you want to compare it to. The "irrational exuberance", highly inflated values, rising too far too fast. I fail to see where that is comparable to today. I just don't see it.

I think it's the boogy man of stock investing. If you want to get someones attention, throw that out and see who cringes. (Like comparing someone to Hitler. Obviously, there's no comparison...but you do get a reaction!)

 

[Show-me]

The past gives us an idea what may lay ahead if we continue on the same track.

Those who cannot learn from history are doomed to repeat it.
George Santayana

Just my .02.

 

[The_Technician]

Doesn't look like many people are following your advice Techy. Guess you cried wolf too often....................

Better in G of late I see...speaking of which I see you have constantly been in the I, S,& C funds through this last downtrend (since the 15th).....guess we should follow your moves right...(you didn't take my recommendation and you have to had loss 3, 6% or more....didn't take the time to figure it out since it will be out later).......how much did you lose....we will soon see.......do yourself a favor, quit posting your moves .....its not a good thing for you to show how lousy of an investor you really are compared to your trumped up personna......

(you trading on a whim???

"

over to 50% S and 50% I. What da hey..............hey!!!!!!" ) Looks like a really sophisticated trading discipline....where did you learn it in kindergarden......

Looks like to me you manage your assets with the carelessness of a young adult.....like I said before, I wouldn't follow you........

 

[mlk_man]

I know you are, but what am I.............your momma should of busted your a** more often, maybe you wouldn't be such a Richard................

BTW, kindergarten is spelt wit a T not a D. You know, like that tooth of yours. The one that I think I'm hitting the nerve of..............

 

[The_Technician]

Guess if we want some entertainment and laughs we should just go look at Milky's trades....here's a few......


Crossing my fingers and going 100% I fund.
Hyper-ventilating over to 100% G.
Goin' crabbin' over to 100% S fund
Rockin' n rollin' over to 100% C
Takin' a S*** and going to 100% S
Free fallin' to 50% F , 25% S and 25% I.
Belly-flopping over to 50F, 25S and 25I.
Hitting a home run over to 100% S this mornin'
Questioning myself over to 50% G and 50% S.
Crying over to 100% F
Goin' all the F....n......way, 100% F.
Skeedaddling over to 30%C, 40%S and 30% I.
Luvin' my way back to you babe. 100% S.
Springing over to 100% G.
Confusing myself into 50% G and 50% F
Cliffhanging over to 100% F
Swiggin' tequila over to 100% G
Tip-toeing to 50% C and 50% S
Hating myself back to 100% G.
Day trippin' over to 100% F
Takin' a risk over to 50% F, 25% C and 25% S
Feelin' Techish so going 50% G, 25% S and 25% I
PPI'ing over to 100% I fund.
Market not holding up. Changing to 100% S...........
Nickel and dimin' over to 100% I
over to 50% S and 50% I. What da hey..............hey!!!!!!
Washing clothes then going 50% F and 50% I.




Now I ask you, would you follow this guy with your hard earned savings.......?????:blink:

maybe I should say......Now would you take this guys advice with this type of discipline....??

 

[tsptalk]

The last hour, and particularly the last half hour of trading are important today. Yesterday's rally fizzled out around 3:30 ET. We want that "smart money" to be buying if this rally is going to sustain itself for a few days.

 

[tsptalk]

Tech and mlk, please ...

I don't want to have to keep anyone after school.

 

[mlk_man]

Oh Lord, I got another stalker.........would you trust your money with someone who spends the time and effort to post this? Cockoo, cockoo.........

Guess if we want some entertainment and laughs we should just go look at Milky's trades....here's a few......


Crossing my fingers and going 100% I fund.
Hyper-ventilating over to 100% G.
Goin' crabbin' over to 100% S fund
Rockin' n rollin' over to 100% C
Takin' a S*** and going to 100% S
Free fallin' to 50% F , 25% S and 25% I.
Belly-flopping over to 50F, 25S and 25I.
Hitting a home run over to 100% S this mornin'
Questioning myself over to 50% G and 50% S.
Crying over to 100% F
Goin' all the F....n......way, 100% F.
Skeedaddling over to 30%C, 40%S and 30% I.
Luvin' my way back to you babe. 100% S.
Springing over to 100% G.
Confusing myself into 50% G and 50% F
Cliffhanging over to 100% F
Swiggin' tequila over to 100% G
Tip-toeing to 50% C and 50% S
Hating myself back to 100% G.
Day trippin' over to 100% F
Takin' a risk over to 50% F, 25% C and 25% S
Feelin' Techish so going 50% G, 25% S and 25% I
PPI'ing over to 100% I fund.
Market not holding up. Changing to 100% S...........
Nickel and dimin' over to 100% I
over to 50% S and 50% I. What da hey..............hey!!!!!!
Washing clothes then going 50% F and 50% I.




Now I ask you, would you follow this guy with your hard earned savings.......?????:blink:

maybe I should say......Now would you take this guys advice with this type of discipline....??

 

[The_Technician]

Hey...I can stalk just like Milky!!!! :nuts: He should know....

 

[The_Technician]

Tech and mlk, please ...

I don't want to have to keep anyone after school.

Write it one hundred times....I will not stalk, I will not .... oh well.....you get the gest.....

"Trippin over to......" I just love it!!!

 

[Wimpy]

Now I ask you, would you follow this guy with your hard earned savings.......?????:blink:

maybe I should say......Now would you take this guys advice with this type of discipline....??

The intent of TSPTalk, at least from where I sit, is for people to become empowered to make informed decisions. That doesn't happen by following people or hanging on to every word of a self-proclaimed or 'drafted' guru. If anyone here follows someone else off a cliff, they have no one to blame but themselves.

To make an informed decision requires information from a variety of sources. There are a variety of personalities here coming from diverse backgrounds and experiences which influences their offerings. We either find something useful in what they offer or not. The beauty of an offering is in the eye of the beholder.

It would be nice to see a little more tolerance for others viewpoints without the food fights.

The marketplace itself is the ultimate arbiter of disputes as both sides of a given transaction represents a fundamental disagreement over the value of what is being traded. Yet within this disagreement there is 'agreement' to disagree, otherwise no trade would ever be facilitated. If we were all on one side of the trade...how would we ever stand to profit? It takes bulls and bears to have a market. We actually need one another.

Fortunately, the market ignores the unique personalities of individual traders and slams the hammer of reality on bulls and bears alike. If we could keep this in mind when we converse with one another, it might lead to a more productive use of time and energy.

 

[The_Technician]

The intent of TSPTalk, at least from where I sit, is for people to become empowered to make informed decisions. That doesn't happen by following people or hanging on to every word of a self-proclaimed or 'drafted' guru. If anyone here follows someone else off a cliff, they have no one to blame but themselves.

To make an informed decision requires information from a variety of sources. There are a variety of personalities here coming from diverse backgrounds and experiences which influences their offerings. We either find something useful in what they offer or not. The beauty of an offering is in the eye of the beholder.

It would be nice to see a little more tolerance for others viewpoints without the food fights.


The marketplace itself is the ultimate arbiter of disputes as both sides of a given transaction represents a fundamental disagreement over the value of what is being traded. Yet within this disagreement there is 'agreement' to disagree, otherwise no trade would ever be facilitated. If we were all on one side of the trade...how would we ever stand to profit? It takes bulls and bears to have a market. We actually need one another.

Fortunately the market, ignores the unique personalities of individual traders and slams the hammer of reality on bulls and bears alike. If we could keep this in mind when we converse with one another, it might lead to a more productive use of time and energy.

Couldn't agree with you more....all this stalking makes me feel beneath myself........maybe you should talk with MM....just think it all started by me giving info that would have saved them money......see this page....
http://www.tsptalk.com/mb/showthread.php?t=2551&page=17
or this page depending which way you look at it.....
http://www.tsptalk.com/mb/showthread.php?t=2551&page=68

Then MM stepped in....and made another mess of things......sorry, I don't back down so easily....