Market Talk

[Birchtree]

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I noticed the TSP sentiment survey was 80% bullish - but I also notice many participants scrambling for the fuzzy comfort of the G fund. That tells me they are bullish in talk only - no money doing the walk. That is exactly the pattern as predicted - stealth bull market getting ready to lift off. I see where XOM has expanded earnings up 200% in four years - unprescended - energy is now the new leadership to continue lifting this bull phase.

Dick and Jane see Spot run. Oh look it's Ferdinand chasing poor Spot. As long as we have side ways consolidations such as the previous weeks higher levels are evident. Not much opportunity for those still standing on the curb. I see where our friends in the hedge fund industry have achieved a record $1.03 trillion in assets - what do you suppose that means Mr. Technician? Should be another good day.

 

[The_Technician]

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Yeah, we see them crashing in the doors to get in the market....the market is really rallying......:l

Today's market is sort of like jumping into a building on fire, you know its on fire, but people keep telling you its not bad....:'

:^

 

[Spaf]

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The Technician wrote:

Today's market is sort of like jumping into a building on fire, you know its on fire, but people keep telling you its not bad....:'

Whats the play?

The Fed says the economy is good. The Market is making new highs in increments of 0 - 10 S&P. However, new money into the market is dwindling, and moving averages are deminishing. Yet, the tone seems to be quite bullish.

Tech,....as you say, a building on fire,.... I would say a building with smoke; open the right door and yes, it would be a building on fire.

We do have a primary bullish movement right now. Almost the reverse of last year when we were bouncing in the basement with cycles, being chased by bears. Now we are forging new highs, but ..... draging an oil bucket that weighs almost 60 pounds.

Whats the play? It's a matter of risk!

For a conservative bull, it's water bucket, and hay eating time!

Rgds, and be careful! Spaf

 

[The_Technician]

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Yeah, The Fed says alot of things, just who are the Feds, who do they really represent in this issue........you look around and all you see are people who are struggling......trying to keep up.....if it was so good that wouldn't be....and the market would be struggling to climb....instead its preparing to fall.....

Heck, all my pay raises (and most of yours)for the last 5 years or so went to pay for the almost exact increase in Health insurance.....not bad if you're an insurance company, using mass personel raises as a profit maker....only thing is, everything else is rising also and the average worker either gets a second job or goes under.....and of course we know that a pinch is going on,the powers to be were expecting bankrupcys, hence- the bankrupcy bill, powers to be are even helping to get the bankrupcy going -the availability of the easy consolidated loans that trap people....what is going on is the average American is being trapped into bankrupcy and the Feds are selling you a lemon in the market.....if you give away all your businesses/jobs overseas this quickly, people at home go broke quickly, big business insures they get their money globally, local employees/consumers pay for it quickly and eventually.... if nothing is done..... so does everything else.....quickly

If you don't like giving your job away to a third world in an unstable manner and you worry about your childrens future, vote the incumbents out and get some new blood in...some that is starving here at home and tired of giving away their jobs and their childrens.......let the other countries take care of themselves, they are capable.....and they are not playing fair in a global economy......

:^

 

[Birchtree]

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Remember it takes a village - so vote Hillary. I'll gladly give all my money away. What I want are more tax increases - I feel included when my tax rates increase. Would ya'll like to see my rocket maneuver put its butt in the air? I just can't get rid of this smoke stream that continues to follow me. Spaf and Beavis help, please. This is shaping up to be another long but interesting day. Take care

Dennis

 

[Skip]

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Guys and Gals.... Just follow the trend and when it changes you change.... Don't think you are going to hit the top or bottom with your trades... Just make sure you get the meat of the trend and you will do alright ... Look at the weekly charts also, You can't trade these funds like stocks on a day to day basis
Off the the Houseboat for the rest of the week... No internet there.:X
Later,
Skip
40c 60s

 

[The_Technician]

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I remember when Bill was taking the podium at the Dem. Nat convention in his first run......my 4 year old son said he didn't trust/like him and therefore shot his suction cup arrow at him on the tv.....it stuck.....I don't think Hillary is worthy or capable of solving our problems.....what a joke....

There are fundamental things that must be done to live life right at home and in the community.......and being abnormal or supporting abnormal living is not one of them.....

Of course if you want to destroy the power of a normal community, you strike right at their normal society with abnormal policies....communist doctrine....

:dude:

 

[Spaf]

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See ya Skip :^



Dennis, you sure it's not a vapor trail?..... of flying so high!

However, if it is smoke! Suggest you make sure it's the rockets, and not your britches! :l

 

[Spaf]

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Think I'll rummage in the attic, and see if I can find my 2000 calendar!

 

[Birchtree]

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The Technician,

I knew I would draw out your noble spirit. I think Coolhand may be trying to get back on the train - he'll have to run a wee bit faster - but he'll make it. Keep your eye on the wall flower - she can really dance. See you at higher levels - my bottom is kind of warm at the moment.

 

[Guest]

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Birchtree wrote:

The Technician,
I knew I would draw out your noble spirit. I think Coolhand may be trying to get back on the train - he'll have to run a wee bit faster - but he'll make it. Keep your eye on the wall flower - she can really dance. See you at higher levels - my bottom is kind of warm at the moment.

 

[teknobucks]

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http://traders-talk.com/mb2/index.php?showforum=47

updated daily...IF u like 2 follow :shock:

 

[smine]

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sold I fund 70% yesterday; should have held one more day. oh well, I did regain some losses!

 

[vectorman]

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[Wheels]

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Man this is killing me. When will this market relent? I am raising my fee. $200 a head to let you all know when I finally throw in the towel and jump into stocks. When I do, look out below. Holding firm for now though.

Dave

 

[Birchtree]

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Wheels,

Yah, Live Free or Die. Wish I could have your summer to enjoy. Not only is the market hot, but Florida is hot. You may find comfort in the fact there are many others sharing your anxiety. Hope to see you at higher levels. Go Dow Theory!

 

[GatorinGA]

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But at least you get to live in the city where the greatest University in the world resides!! GO GATORS!!

 

[Spaf]

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The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date July 28, 2005, Closing


Market News.

Kingdom Talk: Stox Party all day! New Highs!
Some say: New vestors equal new highs.
Some say: Crude is too high!
Some say: Market is over-bought!

Elsewhere: GDP report card due tomorrow.


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closed at 1243.72, up +6.93
CMF (money flow) at 0.157, up
RSI (strength) at 66.8, up
MACD (trend) at 9.67, up, bullish.

Nymex (Crude oil)
Closed at 59.94, up +0.83

Tea Leaves: Yellow (caution). Oil in high worry range.


Yak.

Remarks: Holding 100/0
Stops: Alert= 1232, Trailing= 1220.

 

[robo]

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Spaf wrote:

For a conservative bull, it's water bucket, and hay eating time!

Nice comment spaf......... The support level keeps moving up. Soon we will need a large telescope to see Birchtree's exhaust..... Go Birchtree!

If we have a morning rally Friday I'm thinking we will see some profit taking in theafternoon. The market is due a small rest, and some consolidation.... How much is the question? The market is like apyramidscheme..... You have to pay your money and convince everyone to buy so you can make money......Easy money is what you tell them.....And then you sell!!!My eyes are currently on wheels so I know when to get in... Do you accept paypal my friend.... The price was $200.....

 

[teknobucks]

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repos running strong....:shock:

http://www.bullandbearwise.com/FOMOOutChart.asp



why even tax us????... just print what they need for govt.