Market Talk

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Short term Interest Rates to go up again....Greenspud.:(

Business costs going up again.....:(

Business askmore from the consumer to cover costs....:(

Consumer tapped out, can't get a raise and is a threat to economy if he does.......

Economy sinks........:(

Businessman and employee get in line together.......soups up!!!:D(free food)

We all start over....:^
 
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The Technician,

My compliment was genuine.

I actually don't mind letting my profit slosh around a little - small price to pay for not being an expert shooter. There will come a time however when prudence will dictate over being aggressive and I'll being relying on your data to help signal the moment. Just don't be in a hurry - this bull is getting ready to rocket higher and I want the full ride. This is the time to be GREEDY. I've paid my pain dues - and now I want my gains - 3000 Dow points and 500 sp500 points to go before I get nervous.

I've been watching that wall flower today. When she let's her hair down, she can really shake it up on the dance floor. Whew, certainly a pleasure to watch poetry in motion. Take care

Dennis
 
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After all is said and done, the market resumes its rise. What is absent is the kind of jitters that plagued us in the first four months of the year. Now, the market is ignoring the war, the price of oil, the prospect of another rate hike, etc., etc. It can only be that a lot of money heretofore sitting on the side is buying stocks and saying the heck with it.

It may well be that the future holds losses, but not now. I'm a conservative guy when it comes to my kitty, and I will sell if it turns around;right now I am delighted to be (1/3rd) in it.

Dave
 
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Teknobucks,

Hey, Barton Biggs was on today talking about a bullish melt up. Does he know you?

He says we are shortly completing the first slow phase and the explosive straight up move comes next. He says few believe what is happening - classic denial. Even some of the prominent hedge funds are reducing exposure.

I've been watching the transports today - up 118 points to 3755 for increase of 3.26%. The all-time high was on 3/8/05 at 3872. Maybe we'll hit that by Friday. New high records all over the place. You should see the little wall flower step out.
 
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Birchtree wrote:
Teknobucks,

Hey, Barton Biggs was on today talking about a bullish melt up. Does he know you?

He says we are shortly completing the first slow phase and the explosive straight up move comes next. He says few believe what is happening - classic denial. Even some of the prominent hedge funds are reducing exposure.

I've been watching the transports today - up 118 points to 3755 for increase of 3.26%. The all-time high was on 3/8/05 at 3872. Maybe we'll hit that by Friday. New high records all over the place. You should see the little wall flower step out.
biggs being bullish is quite scary...time 2 bail perhaps??,,,lol
 
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The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date July 20, Closing


Market News.

Kingdom Talk: Market parties in the afternoon! As lube creeps up!!

Elsewhere: Vestors eyeing strong earnings.
Fed Chief now a short timer.
Emily didn't beat up the lube barges too bad.


Doodles and Tea Leaves - Daily.


Doodles:
S&P 500 (Index)
Closed at 1235.20, up +5.85
CMF (money flow) at 0.015, up
RSI (strength) at 66.7, up
MACD (trend) at 8.78, up, bullish

Nymex (Crude oil)
Closed at 58.02, up +0.67

Tea Leaves: Yellowish/Green


Yak.

Remarks: Holding 40/60
Lube markers: <55=Ok, 55-60=Worry, >60=Panic.
S&P Stops: Alert= 1223, Trail= 1211
 
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ot:

cute commercial....



http://www.marketswing.com/Videos/Ameritrade%20diner.mpeg

wish we had that 10 second trigger with tsp!

Wall-Street-Bull.jpg
 
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DaveM,

The Chinese flashed a 9% GDP - and the transports are loading up their systems. The DTA index was up 3.64% - plus 132.50 to 3769. The all time high was 3872 on 3/8/05. The DJIA closed at four month high of 10,689, previous high was 10997 on 3/7/05. A new all-time high above 11,723 on 1/14/00 is just around the corner.

I would not be surprised to see a triple point day tomorrow on the Dow. The nice thing about a bull market is that it can be very forgiving of any investor mistakes.

Dennis
 
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teknobucks wrote:
RE: a7sfx

The period of 2005, May up to today looks a lot like the period of 2004, August through December when we had the previous bull run.

Is this a market trend: 5months bulls, five months bears, five months bulls?........

:cool: Spaf
 
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coolhand just discovered this watching news this am:shock:

China to value yuan against basket of currencies By Steve Goldstein
LONDON (MarketWatch) -- The People's Bank of China said it'll dropping its yuan-dollar peg in favor of one vs. a basket of currencies. The daily trading price of the dollar vs. the yuan will continue to be allowed to float within a band of 0.3%, while the trading prices of non-U.S. dollar currencies will be allowed to move in yet-to-be announced bands. "The People's Bank of China will make adjustment of the RMB exchange rate band when necessary according to market development as well as the economic and financial situation. The RMB exchange rate will be more flexible based on market condition with reference to a basket of currencies," it said
 
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