Spaf
Honorary Hall of Fame Member
The Kingdom of TSP
Sunday-Weekly
Early Edition
September 03, 2006
Sunday-Weekly
Early Edition
September 03, 2006

Yak, Doodles, Tea Leaves & The Tin Box
Kingdom Yak:
Pro-Yak..................................Socks up on jobs and jobless reports! Lube under 70 with good supplies and lower demand! The S&P could advance to 1324, (possible) on the weekly indicators.
Con-Yak.................................May through October are not good months! Daily, the RSI is getting close to overbought, and the MACD has lost it's divergence, flat (a non indicator). Beware of a pullback for profits! Last October the market had a easy time of pulling out of the correction. In the latest correction the market has been struggling; possible the effect of rate increases to fight inflation, and a (?) slowing of the economy.
Jester-Yak..............................On a high struggle, I vote for short!
Doodles:
Socks [$SPX] Closed at.............1,311.01, up +13.92 for the week.
Volume (CMF) (money flow)........+0.154, increasing.
Averages (MACD) (trend)...........+9.977, flat.
Momentum (S-STO) (signal)........94.95, flat.
Strength (RSI) Overbought/sold...[70]....67.62....[30]
Lube (NYM) Closed at................69.19, dn -3.32, for the week.
Oil Markers..............................<70= ok, 70-75= worry, >75= panic.
Tea Leaves:
Yakndoodles.............................Yellow (caution).
Tin Box:
Position...................................100% short (G & F).
Stops [$SPX]............................Alert (-1%): 1298. Trail (-2%): 1285.
TSP (week ending)......G=11.53..F=10.92..C=14.41..S=17.15..I=20.18
....(1 week past)........G=11.52..F=10.87..C=14.23..S=16.71..I=19.84
....(2 week past)........G=11.51..F=10.85..C=14.31..S=16.95..I=20.05
....(3 week past)........G=11.50..F=10.77..C=13.91..S=16.34..I=19.49
....(4 week past)........G=11.49..F=10.79..C=14.04..S=16.74..I=19.70
