Market Talk

[The_Technician]

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The overall CPI is up 3.5 percent, more than the 2.6 percent rise in average hourly wages and the 2.9 percent increase in average weekly pay over the same period reported by the Labor Department earlier this month, meaning that the average employee has been losing ground to inflation. :?


see more

http://money.cnn.com/2005/05/18/news/economy/cpi/index.htm


:dude:

 

[Mike]

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Free trade results in greater efficiency and cheaper goods/services. This benefit far outweighs the pain generated by inefficient industries going under.

And if you want to debate the pain issue with me, how in the world does it get more painful than those living in undeveloped countries who don't have jobs at all and are starving to death? At least for those who lose their jobs in this country, they receive benefits to tide them over while looking for another job. I can't say the same for someone looking for work in a place like Costa Rica.

 

[The_Technician]

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Interesting polll........world economic outlook by fund managers...:^

http://money.cnn.com/2005/05/17/news/international/investor_gloom.reut/index.htm
:dude:

 

[robo]

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Carloc wrote

STILL BEARISH - G80C10 S5 F5 A gaurded stance.

I'm also going guarded for a few days. I think we aregetting close to the high end of the trading range. I'm taking some profits today. I will be waiting for pull backs under 1160 to get back in.. Very narrow trading range to makeMONEY IN........

I could be wrong, and this rally could go much higher, but "One in the hand is better than two in the Bush" SOMETIMES................

I hope the shorts have to cover and can run the S&P up to 1185 by the close.

The way this market has been going it could be downto 1170 by the close.

It sure sucks having to make moves this early in the trading day.... Come on 1185!!!!

 

[MR CARLO]

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The Technician wrote:

Taking a look at some other data that gives me some preliminary conditions....several days away.....


Kick me aroundlater if I'm wrong....:^

Gulpppp! :dude:

THE I fund 14.90 30day avg 15.24 30day MAX 15.61 30day low14.90

Maybe some hope for I fund,where do you think the dollar is going?

This morning rally is up, maybe enough steam to get threw the day.

 

[The_Technician]

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The market activity today has made me go back and take a look at the past...:?..this morning I really searched the past data and I find it uncanny similar in dates and market movement around this time in 2000 ........if we can get thru this week without setting a new low.....which I'm still speculating in 1120's, then I would be willing to bet that we will have a summer similiar to 2000.....up till the first week in Aug......again another cautious period.....but this one is even more cautious than at the moment......as a matter of fact I would say right now its a dead end........:shock:

This week has been a true test of the market strength.....if we don't get the down stroke here soon .....Ithink we will be going sideways through Augso certain market parties can sell out and go short......in the mean time we could just have some fun and play.....

You never know .... and I'll feel better next week....whether we are down or up...at least I will feel more assured how stable things will be.....:^

:dude:

 

[vectorman]

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It's 11:55 est, 5 more minutes for some to make up theirs minds. In or out, C, S, or I fund...crunch time. Or protect your three day gains- G fund!!!

 

[MR CARLO]

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The Technician wrote:

You never know .... and I'll feel better next week....whether we are down or up...at least I will feel more assured how stable things will be.....:^

:dude:

"http://www.lewrockwell.com/orig4/wiggin-addison2.html

Just some good stuff. AD

G:80 I:20 for thursday, its like playing craps right now. They say never bet more than 20% of your bank at any one time when you play dice..--:?.

 

[mlk_man]

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Oh wonderful:

http://news.yahoo.com/s/nm/20050518/bs_nm/economy_greenspan_dc_2

 

[The_Technician]

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Ok if this holds, ya'll can kick me around some....but I would wait for the next downstroke to make sure we are in the clear.....
:dude:

 

[Dave M]

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I'm with ya CARLOC -- 10 or 20 percent is all I wager. But this happy week is making me look overly cautious.What do you think: Is it time for a little profit-taking (=pull back to G-fund)?



Dave

 

[Spaf]

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The Kingdom of TSP

Daily

Market News, Doodles, Tea Leaves & Yak Date May18 Closing


Market News.

News:InflationCornered. Local constable reported musketeers had Horseman Inflation cornered in an out door out-house. One Musketeer washeard to say "He's got no place to run now! They only have one door on them things.

Elsewhere: Horseman Krude had to return horse "Fill-er-up" back to the vet, for more observation regarding his recent over-eating binge.

Market sales were brisk!

Doodles and Tea Leaves.

Doodles:
S&P 500 (Index)
Closing at1185.56 up +11.76
CMF (money flow) at0.244, rising.

$BPSPX (breadth)
RSI (strength) at29.3, inlow range/oversold.
MACD (trend) at -2.64, rising, bullish.

Tea Leaves: Green with caution: market in trading range.


Yak.

Remarks: Holding 0/100 (50C, 50S).
Up yesterday, a gap at AM, and up today suggest a strong trend.
The CMF (money flow) was a fairly good increase today.


Rgds, and be careful! Spaf

 

[Guest]

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Spaf wrote:

  News:  Inflation Cornered.  Local constable reported musketeers had Horseman Inflation cornered in an out door out-house.  One Musketeer was heard to say "He's got no place to run now!  They only have one door on them things.


That's what you think.

 

[Spaf]

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OK! Correction! I'll take the 2nd floor. Spaf

 

[teknobucks]

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[teknobucks]

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a little pull back would actually make me feel better here..... very happy with last few sessions!

tekno

 

[teknobucks]

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if up again tomm. will start to reduce my position.

really doubt we see any green tomm. in the C or S....the I fund has a chance.

tekno

HEY......where is everyone on this board?????

 

[coolhand]

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teknobucks wrote:

if up again tomm. will start to reduce my position.

really doubt we see any green tomm. in the C or S....the I fund has a chance.

tekno

HEY......where is everyone on this board?????

I'm not convinced we will trend up much more. We may just be at the high end of the trading range now. I'm looking toreduce my position in the "C"onthe next"up" day and wait for the next opp as well.

"I" fund is kicking my butt. Austrialian and Asian markets doing real well right now. Japan up 1.88%and the dollar looks poised to trend back down. It may betime for thefundto play catch-up.

 

[Spaf]

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teknobucks wrote:

HEY......where is everyone on this board?????

Where U at Tekno?

Am sitting on 50C, 50S.&^%$ the I=fund!

Hey, we been waiting for the good news, we got it, so lets tag along!
If the money flow continues, why jump ship?

I like that $BPSPX at stockcharts. Kind of gives a heads up!

Take care my friend! Spaf

 

[Birchtree]

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Spaf,

Looks like the small caps have been outperforming since 5/16. Pretty fast out of the gate-hope they don't fade. The small cap mutuals have been on fire-burnout?