Market Talk / September 24th - 30th

Mlk-man,

Hey who did I insult to the point of being reprehensible - not one of those liberal guys that talks but can't walk. He could have sent me a pm.
 
My intention was to seek information - probably not worth the effort anyway. I see where the al-Qaeda leader, Abu Ayyub al-Masri, made a special video appeal to nuclear scientists to join the Jihad movement. The dirt bag said that the field of jihad can satisfy your scientific ambitions, and the large American bases in Iraq are good places to test your unconventional weapons, whether biological or dirty. He's also asking insurgents to kidnap Westerners so they could be traded for blind Egyptian sheik, Sheik Omar Abdel-Rahman, a 68-year old Egyptian cleric , the leader of Egyptian Islamic militants. Is it no wonder I'm hostile against Jihads. Perhaps Nancy Pelosi can arrange amnesty for this creep so he can get back to his Islamic calling. Allah needs nuclear scientists and explosive experts to join the holy war against the West.
 
Exactly! And the Mlk-man is on the lilly pad too. You know what this means Ferdinand - the pasture belongs to us. We don't have to share.......... Snort.

When you smell smoke lilly pads make sense......
Frog.gif
 
Late day drop not surprising. Typical of end of the quarter action. It will be interesting to see if it carries over to next week. I think mood and sentiment are fairly good so I do not think any pullback will last very long.
 
The trend for the F-fund is showing an upward channel!

So is the C Fund and I'm not buying it either. Had the Buy signal on Bonds sometime ago. I'm selling to the late comers now. Correction was not the correct word. You are correct to point that out. It is important to use correct Market Terms on the board.

Buy Bonds and the Stock Market it's going up for ever. The CNBC experts just told me so.... and I think it will go up. However, I'll wait for a better set-up to Short and then Go Long again in the Stock Market...

I'm with Birchtree longer-term... S&P 1400!!!


Fedgolfer,

I agree. The RSI is at a level which signals caution and the MACD is indicating some bearish divergence with price. In my opinion bonds are in
overbought territory. I should not have said correction...


Signal from the paid service I get on Bonds in August below. They are still Bullish I'm taking profits....as they are still Bullish about the Stock Market..

8/2/06 BULLISH Rydex Govt L Bond Fd 10.24 - 10.85 8/2-9/22 + 6.0 % Open

7/31/06 BULLISH S&P 500 Index 1276.66-1314.78 7/31-9/22 + 3.0 % Open

Tops are a long drawn out process, the trend is still up, but without me...
 
What does the DOW setting a new high represent? Nothing? A brighter outlook? Bull run? Set-up for a sell-off?

Here's what I think

The DOW has been close(really close for a few days) to busting through. It hasn't. I think the barrier is spooking people because they don't know what to expect when it happens. I believe the first 2 days of next week will be down. I also believe that the DOW will set a new high by having to gain at least 50+ points in 1 day.
 
Sugar, put down the magic 8-ball and get to the medicine chest....FAST!


Sugar,

Don't you feel better knowing the DOW is making new highs. Your 401k and the economy must be doing great!

Spice,

You know the real deal? Stock market rally, lower gas prices, heating bills will be lower this winter, everyboby that wants a job can get one, interest rates are lower. HMMM! Spice, do you think the election has anything to do with this. All I hear lately is, Sweet Spot and how great things are. They are pretty good, but you know it must be election time. So Spice go vote and take sugar with you... Please check your magic 8-ball again about the DOW, mine is stuck on yes!

Man, I just hate that too.. All I get is a yes dear answer...

The Bond Market says the econmy is slowing and rate cuts are coming, the stock market says Sweet Spot. Who has it correct? Probably the stock Market...
 
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My intention was to seek information - probably not worth the effort anyway. I see where the al-Qaeda leader, Abu Ayyub al-Masri, made a special video appeal to nuclear scientists to join the Jihad movement. The dirt bag said that the field of jihad can satisfy your scientific ambitions, and the large American bases in Iraq are good places to test your unconventional weapons, whether biological or dirty. He's also asking insurgents to kidnap Westerners so they could be traded for blind Egyptian sheik, Sheik Omar Abdel-Rahman, a 68-year old Egyptian cleric , the leader of Egyptian Islamic militants. Is it no wonder I'm hostile against Jihads. Perhaps Nancy Pelosi can arrange amnesty for this creep so he can get back to his Islamic calling. Allah needs nuclear scientists and explosive experts to join the holy war against the West.


Here is a list of names being read on tv of some other terrorists.
http://www.funrestarea.com/pages/snl_robert_deniro.shtml
 
OK, you annalists if this is the fall. How will the "F" fund react to a fall in the market?:p This opposite to gains is freaking' me out.:embarrest:
 
"Correction" or retracement and consolidation? I'm betting on an F fund retracement or consolidation to the 20 day MA.

BEING STREET SMART

By Sy Harding

HAS THE BOND RALLY ENDED? Sept. 29, 2006.

In last weekend's column I boasted a bit about having recommended bonds in my column of July 9, and how the Rydex Government Bond Advantage Fund, which we bought in our newsletter portfolio, had gained 11% since its early July low, and 9% since that column appeared.

However, after some further rally early this week, the situation for bonds may have changed.

Bonds may only be in for a short-term correction to alleviate their overbought condition, before rallying again. I base that on the fact that there were other reports this week that still indicate the economy is slowing. Durable Goods Orders declined. Economic growth for the 2nd quarter, as measured by the Gross Domestic Product, was unexpectedly revised downward again this week, to just 2.6% growth. Even the surprise increase of 4.1% in new home sales in August is suspect as far as being a positive for the economy. A separate report showed existing home sales declined in August, for the fifth month in a row, while the median home price declined 1.7% from a year ago, the largest monthly decline in home prices since 1990. That leads me to believe the increase in new homes sold, while existing home sales declined again, was not a sign of an improved real estate market, but far more likely a reflection of the growing panic of new home developers, as they increase the size of the incentives offered to close deals, in an effort to get rid of their still growing inventory of unsold houses and condominiums.

http://www.decisionpoint.com/TAC/HARDING.html
 
OK, Robo what do you think?:confused:


I'm in the G Fund for now and when the smoke clears, I'm hoping the indicators are pointing to stocks. So we must wait patiently for the market to tell us what to do. It could be bonds or stocks. I think in the end it will be stocks and Birchtree will get his S&P 1400. Many TA's are still Bullish on Bonds... I agree with Sy Harding and that's why I'm in the G Fund for now, but we could be wrong.. That's what makes a market... Some pretty smart cookies are recommending Bonds for investors, but I'm more of a trader then a investor and sell when the indicators get overbought and buy when they are oversold...

Take Care!
 
I'm in the G Fund for now and when the smoke clears, I'm hoping the indicators are pointing to stocks. So we must wait patiently for the market to tell us what to do. It could be bonds or stocks. I think in the end it will be stocks and Birchtree will get his S&P 1400. Many TA's are still Bullish on Bonds... I agree with Sy Harding and that's why I'm in the G Fund for now, but we could be wrong.. That's what makes a market... Some pretty smart cookies are recommending Bonds for investors, but I'm more of a trader then a investor and sell when the indicators get overbought and buy when they are oversold...

Take Care!
I think these GUYS are talking long term for the "F". I'm doing the "G" thing until I see some action. I will not Hang-in-there too long again, Learned the hard way! Terra coda don't you just love it?:D
 
Comments:

Robo,
We've got polluted water IMHO. Back when, certain terms ment definite conditions. The Dow Theory is full of old term. As the media picks up they have misused certain key market words and have polluted the investing dictionarys

Nnuut,
Take a look at your Crude figures. Consider how the high cost of gas hurt the average consumer. Figuring that the summer driving season is over, storms have dwindled, greed has diminished, and wars have stopped, crude has come down to a range of 60-63. Now, how long will it take the consumer to recoup.

FundSurfer doesn't think we will see a big decline, but maybe a mild pullback. I agree, we will see something because stocks are now overbought.

We are going to be stuck in the channel until we get a base built to rise above the prior highs. We could see a inch by inch tug-of war to reach new highs at the top of the channel. Or a consolidation at the bottom of the channel. Or someplace inbetween.

One thing to consider is the up comming elections.

I've said too much! My regards..........:) ..............Spaf
 
Spaf,

Do you suspose it was the Technician that had his effeminate sensitivities affected? I realize I did harange against certain elements of a culture that we are at war with - but I tried to be specific to the extremist islamic jihadists that thrives on violence and terror. If I had my way I'd simply borrow your daisey cutter and be finished with the bunch. I don't mind eating crow on occasion but the jihads make a delicacy out of scat. There I go again, it's ingrained to hate the enemy. If The Technician did leave because of me, well turn about is fair play. He knows what I mean.

I'm still looking for a sharp short covering panic real soon - and they will buy for months to cover. Probably catch a good number of hedge funds too. They got a reprieve today - the market is setting them up with complacency and will take their money.
 
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