Market Talk

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Spaf wrote:
Hey Tekno!!

You really need to see the article in USATODAY "Most Americans no good at investing" by Adam Shell, dated Wednesday, March 23, 2005.

A co worker gave me a copy today. Knocked my socks clean off. But, I can't say I wasn't that all suprised. WOW!

Rgds :? Spaf
maybe practicing with their own social security accts will make them better...look where we have all gotten playing with our tsp accts....LMAO:shock:
 
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The Kingdom of TSP

Market weather and Tea LeavesApril5 Closing

Weather: Indexes higher. Energy horseman last seen riding south. Big fed chief didn't flush the market, Whew!! A bucket of lube was down to $56.09, yesterday it was $57.01..

Cards (charts): S&P closed at 1181.39 up 5.27 (from 1176.12).
The CMF money flow indicator crept up to -0.213 (from -0.238).
RSIstrength [50 mid pt] increased to 46.4 (from 42.8).
MACD moving averages were bearish at -6.52 (up from -7.17).
P-SAR now holding green (4th day)

Remarks: Funds 2 days upMACD poised for a bullish crossover.

Kept IFT for 65G, 20C, and 15S (didn't have to shot it down before 12CT).

Rgds, fingers crossed! :) Spaf
 
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teknobucks wrote:
AMERICA’S TRIBUTE

BENSON’S ECONOMIC & MARKET TRENDS
Written and published by Richard Benson, http://www.sfgroup.org

The ruling family of Saudi Arabia controls 25 percent of the world oil reserves and is completely dependent on oil revenues for its survival.


This is incorrect to say that the ruling family is COMPLETELY dependent. The King and family have invested in a number of european, asian and american ventures. If the last drop of oil came tommorrow, Saudi Arabia would certainly feel the impact, but survive on their many investments. They are not a bunch of goatherders anymore.
 
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Spaf wrote:
Big fed chief didn't flush the market, Whew!! A bucket of lube was down to $56.09, yesterday it was $57.01..
No, but he may have stopped the dollars momentum.

http://tinyurl.com/6o32c

Dollar weakening this evening, but way too early to know if this is a reversal. Asian markets looking pretty good at the moment. If oil inventories don't spook the market tomorrow (release as 1030EST) we should have a good day across the board.

I've got my finger on the trigger though. I'm not convinced the smart money is ready to play yet.
 
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coolhand wrote:
I've got my finger on the trigger though. I'm not convinced the smart money is ready to play yet.
That AM market gives us a little warning, for what it is. If you got a finger on the trigger coolhand, keep your eye on the CMF chart.
D-best :^ Spaf
 
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Well we ain't bottom fishing no more. Now if the horsemen will stay out of the valley!

Hey! I think I got a tug on my line!! Hope it's not annuder rubber boot! Maybe it's a real fish!
1405.gif


Here's hoping!
 
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Three out of four of the barchart indices show .028 today. If this was a slot machine, we would get a payout.

ka-ching, ka-ching, ka-ching
 
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Three out of four of the barchart indices show .028 today. If this was a slot machine, we would get a payout.

ka-ching, ka-ching, ka-ching
 
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I guess it could have been worse today. A nice rally gone bad. It's one of those half empty - half full scenarios again. We had a nice gain,lost half of it and ended with a modest gain.

If we can keep from selling off big, this basing process helps form a stronger bottom. The longer we flounder, the marketwill slowly knock out the weaker bulls which will give an eventual rally more staying power.
 
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The Kingdom of TSP

Market weather and Tea LeavesApril6 Closing

Weather: Indexes split higher with NASD slightly down. Energy horseman last seen riding south, but horsemen have camped in woods, haven't left valley territory, and arepotentiallya severe threat at any time. Townsfolks may or may not rally. If lube nears $60 the party is off. Today it sold at closing for $55.85, yesterday itwas $56.09 a bucket.

Tea Leaves (charts): S&P closed at 1184.07, up 2.68 from 1181.39.
The CMF money flow indicator wasat -0.187, up from -0.213.
RSIstrength [50 mid pt] increased to 48.23, up from 46.4.
MACD moving averages were bullish (crossover) at -5.72, up from -6.52.
P-SAR now holding green: 5th day.

Remarks: TSP Funds: C,S: 3 days up, I: 2.
Reports by others have market in trading range, with no strong momentum in either direction.

Holding: conservative 65%G, 35%stocks. Going 60/40 tomorrow.
 
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Tom.....trying to determine a rally is like being at a party, blindfolded, and trying to hit the pinata! :D
 
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tsptalk wrote:
this basing process helps form a stronger bottom.
Saraho has been talking about this basing process alot lately too. I'll have to show my ignorance and ask what the hell are you both talking about.

Dave
 
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Basing is basically a trading range or consolidation. A cup and handle formation is one type of basing as is a double bottom. There are several types of patterns that are considered a base. The longer the base (or trading range) the more explosive the move when it breaks out or breaks down from that pattern.
 
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Spaf wrote:
Tom.....trying to determine a rally is like being at a party, blindfolded, and trying to hit the pinata! :D
Yeah but it's sure fun trying. Especially if there is drinking at this party. Watch the lamp! :shock::)
 
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Basing is the same thing as trapping.
I trapped a raccoon on our farm. He was a big fellow The trap was a box made up with 2x4s and 2x6s and heavy wire for bobcats. Boy was that coon mad. Chewed through several 2x4s. I tied a long rope to the release door. A very long rope! Yea, same thing as basing! I caught ever critter within 6 miles before I finally caught that dang bobcat!
 
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