Market Talk

[mlk_man]

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Rod wrote:

learning wrote:

Is it my computer or is it the page? The page is getting wider and harder to read. In the past it seemed it was when people would put up a large piture or graph. I see none here soperhaps it is just my system.

Mine'sjust fine. Must be your PC.

IT's the page. IT's big on mine too but the others aren't unless you get those people who like to type in big fonts to get noticed.

 

[Show-me]

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learning wrote:

Is it my computer or is it the page? The page is getting wider and harder to read. In the past it seemed it was when people would put up a large piture or graph. I see none here soperhaps it is just my system.

Mine too! It's mak'n me cranky!

 

[Rod]

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Dunno folks... it's just fine on mine.

 

[The_Technician]

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It varies on my screen...depends which message board you're on.....

 

[Show-me]

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It does depend on the monitor also.

 

[The_Technician]

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I noticed the graph at the top of the page.....

Can we start a new page????

 

[The_Technician]

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Birchtree wrote:

The Technician,

There was a bottom formation in both 7/02 and 10/02. The 7/02 correction started in mid 2/02. It ended with the Dow down to 7702 for a1043 point drop or 13.5%. The gain that followed in 4 days trading was 1009 points for a gain of 13.1%

The bottom in 10/02 came from a Dow high of around 9000 in 8/02, when the correction was over the Dow was at or around 7200. The gain in the next 4 days was 969 points or 13.3%. That was bottom #2 of a tripple bottom. I'm trying to demonstrate the power that may be out there waiting to explode. The first leg provided a 3000 point gain. We have been essentially correcting that move since 1/04. My bullish bet says the next leg will provide another 3000 points up. I have a great deal of money ready to make even more green. Dow 13000 here we come.

Birch.....still whether 7/02,10/02 or the later 3/03, the marketwas low........it is still a different situation that we have today.....we have been at a high point for a while and with the economics as they are.....its different.....in 02 we had economics to recover with.....

Wish I could be more enthusiastic for ya..:^....you may want to get out of the habit of looking at short moments in time like double bottoms in order to see the market trend.....

keep in mind that there are opportunities :i in the short period on down markets ....just don't stay in long....get in and out at the right moment....the moment is in my view risky.....it will change soon....but I expect the summer to be hard to make alot....:?

:end:

The Technician:dude:

 

[tsptalk]

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tsptalk wrote:

Spaf wrote:

Still think the checking of the AM market is a good idea. If I see a gap up I might increase allocations. A gap down and it's time to don the parachute.

Don't forget that early money is "emotional" money. I wouldn't put too much faith in the direction of the first 30 to 60 minutes. I'd rather see a lower opening and a strong close.

Here's your test Spaf :shock:. What are you going to do?

 

[The_Technician]

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Here is a article today on the Yuan's situation....

http://money.cnn.com/2005/05/05/news/economy/yuan_revaluation/index.htm

There is no yuan around it.......heheheheheh....I made a funny...

:dude:

 

[The_Technician]

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Check out the 1Q losses of May department stores....

http://story.news.yahoo.com/s/ap/20050510/ap_on_bi_ge/earns_may

down 46%

 

[grandma]

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tsptalk wrote:

tsptalk wrote:

Spaf wrote:

Still think the checking of the AM market is a good idea.If I see a gap up I might increase allocations. A gap downand it's time to don the parachute.

Don't forget that early money is "emotional" money.

I wouldn't put too much faith in the direction of the first 30 to 60 minutes. I'd rather see a lower opening and a strong close.

Here's your test Spaf :shock:. What are you going to do?

..to make sure I am understanding this correctly - I am looking at yesterday's close & today's openings; the I opened:{ by >1.0 and the F opened :}by <0.1. C & S each opened at their closing. -is this what you are looking at? ...but you won't know about the `strong close' today until afterthefact? :*

 

[The_Technician]

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A true market torquer......Bush is coming on television later to say that Iran is out of control with their nuke development....courtesy of Bill O'Reilly radio....Bombing the country is an issue to be considered.....I guess the "Ayatollah is outta the hole'a"!!!

Bushes point is....we can't let them develop the nukes....because they would hand it off to the terroist and then we could face an Armeggedon......:s

Tom and all, you may want to think about this one.....the market don't like these things at all.....economics don't matter here.....

Strange......around Friday the 13th too....????:?

The Technician:dude:

 

[SkyPilot]

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The Technician wrote:

Strange......around Friday the 13th too....????:?

The Technician:dude:

More on Friday the 13th... http://myths.allinfoabout.com/feature95.html:s

 

[tsptalk]

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grandma wrote:

..to make sure I am understanding this correctly - I am looking at yesterday's close & today's openings; the I opened:{ by >1.0 and the F opened :}by <0.1. C & S each opened at their closing. -is this what you are looking at? ...but you won't know about the `strong close' today until afterthefact? :*

I'm not doing anything. I was just telling spaf that a low opening is notnecessarily a bad thing. He said he was going to get out of stocks if the market opened lower.

 

[The_Technician]

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Dang......that was fast.....I hope for you guys its not a gonner......1164 already....

 

[Spaf]

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grandma wrote:

tsptalk wrote:

tsptalk wrote:

Spaf wrote:

Still think the checking of the AM market is a good idea.If I see a gap up I might increase allocations. A gap downand it's time to don the parachute.

Don't forget that early money is "emotional" money.

I wouldn't put too much faith in the direction of the first 30 to 60 minutes. I'd rather see a lower opening and a strong close.

Here's your test Spaf :shock:. What are you going to do?

..to make sure I am understanding this correctly - I am looking at yesterday's close & today's openings; the I opened:{ by >1.0 and the F opened :}by <0.1. C & S each opened at their closing. -is this what you are looking at? ...but you won't know about the `strong close' today until afterthefact? :*

Whoa! We got to back up a bit!

I didnt clarify. I was refering to continuation gaps, not common gaps.

I generally always use the C-fund for reference (not the F, S, or I).

Common gaps in a trading range should be ignored.

Continuation gaps occurs in a uptrend or down trend, and when the opening price is higher for uptrend, or lower for the down trend, usually indicates that the trend is strong.

Tom was right in saying wait for the market to calm down 30-60 minutes.

Yesterday the S&P ended on a uptrend, if today it would of had a continuation gap up, I would have increases allocations before 12ET. However, it actually opened with a common gap down, thus I ignore it.

If we get a downtrend and a continuation gap down, thats a bad sign.

We also have breakout gaps, and exhaustion gaps.

And, a new gap I just found (pun at self) its I-opened-my-big-mouth-gap!

Rgds, and have fun! Spaf

 

[Spaf]

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The Kingdom of TSP

Daily

Market News, Doodles, Tea Leaves & Yak Date May 10, Closing


Market News.

News: Market full of rumers about horsemen (energy, inflation, rates, and earnings). Hearing one excuse after a nudder. Sentiment sort of negative. Krude didn't ride to far. Horse "Filler-er-up" was sick of eating too much hay. Krude only gained 4 cents ending at 52.07. Still within the worry range (50-55).


Doodles and Tea Leaves.

Doodles:
S&P at 1166.22 dn -12.62.
CMF money flow at 0.007, rising.
RSI strength at 49.4, falling slightly.
MACD moving averages at -1.17, rising, bullish.
STO momentum at 83.64, falling.

Tea Leaves: Green, with caution.


Yak.

Remarks: Holding 20/80 (40C, 40S).
Three cautions: market in trading range, oil is inching up, and somesentiment is negative.

 

[pyriel]

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The Technician wrote:

Strange......around Friday the 13th too....????:?

The Technician:dude:

That happens to be my bday... boo hoo...

It seems like there is a domino effect that took place with GM and Ford being downgraded coupled with oil rising (which affects everything that deals with energy) and hitting the airlines big time, I am beginning to listen more into what you and Greg is saying... I was talking to one of my friends in Continental who happens to be in mgmt and he said that they are getting hit hard of this fuel situation. They are ending up lowering down the price just so they can fill up seats and break even. They are now pumping money in marketing, salesand customer service so that they can continue to entice customers (and keep them). I mention this because of what is happening with Delta Airlines and others like Northwest, United, and American. Although, summer is fast approaching, if this fuel situation continue to persist, travelers might just not travel as much. With the airbus debuting in Europe, we might even see prices go down even more. So why am I saying all these? Oil is something we always going to have to look out for. Big companies like GB and Ford which many hedge fund managers are invested in needs to shift their funds around to keep their customer happy. This means a sell off might take place (even if it unsubstantiated). This is just my thought... Current 60c40s. We'll see tomorrow...

Pyriel

 

[coolhand]

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pyriel wrote:

This means a sell off might take place (even if it unsubstantiated). This is just my thought... Current 60c40s. We'll see tomorrow...

Pyriel

Happy B-Day,

Sell-off? Down-trend maybe and even then limited to a few percent. Then another bounce. No-way this puppy is tanking...we have an agenda.

 

[pyriel]

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My page is wide too...:X