Market Talk

[The_Technician]

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Ohhhhh, drinking memories or halucinations....I can't remember what happened the last time I had gin......it was way back when I graduated from college.....never had another since then.....o:*:h

:dude:

 

[The_Technician]

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It just came to mind....tomorrow is Friday....would you want to be in the market for Monday???? Maybe not.....and maybe they wouldn't want to be either....so tomorrow demands some consideration....

:^

 

[Greg]

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The Technician wrote:

Ohhhhh, drinking memories or halucinations....I can't remember what happened

 

[teknobucks]

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.

try captain morgan's and vernors ginger ale ................

 

[grandma]

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vectorman wrote:

...Grandma jumping out, could be near bottom...

Vectorman - :l that is funny ! ..like that really:shock: means something !! I love it!

Vicky: I liked your 1/2 full glass post!

Technician wrote: It just came to mind....tomorrow is Friday....would you want to be in the market for Monday????

MONDAY IS A FEDERAL HOLIDAY - TSP WILL BE OUT RUNNING THE CRAFT FAIRS !!!

So get situated today - !

 

[teknobucks]

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what a doom and gloom short long term portfolio looks like.....

http://tinyurl.com/c22vv

shorten chart upto one year........ see 17 as resistance....not that any chart mentality holds water nowadaze....LOL

and best of all the fan club.... http://tinyurl.com/dz3a2

 

[The_Technician]

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Yeah, that's right ....Monday is a holiday......dang what was I thinking.....

:dude:

 

[Spaf]

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mlk_man wrote:

My glass is always full of gin................:^

Makes sense to me!

 

[The_Technician]

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The Big Q of the day.....where do we stop dropping at???

I say 1183 +- 1......

:dude:

BTW.....that G fund sure is looking goooddddd.....

 

[Spaf]

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Tech.
I think it hit the bottom at 1183 today. The problem seems to be the Cartel Creature. The Fed has the market unnerved. Probably needs some pepto-bismo, and a little bed rest!

 

[robo]

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Some comments from a Tech about todays market.

Closing Comment

As you may remember, I had mentioned that 10/10 could be a low point. I don't know what kind of a low, yet. But we seem to be heading for that date. Given thatCITs (change in trend) can vary by one or two days from their ideal date, tomorrow or Tuesday could qualify as well.

The market became very oversold very quickly, and this finally causedsome bargainbuying and short-covering at the close,trimming the day's losses. This does not mean that we have seen the low -- unless there is a strong push to the upside from the opening bell tomorrow. A successful test of the lows would also be bullish. The daily indicators have retained their positive divergence and this is a big plus. Also, the QQQQ has also remains positive vis-a-visthe SPX. And, the last two days saw very heavy volume. This is also a bullish sign after a prolonged correction.

The oil futures have traded below 62 and this is bearish for oil and bullish for the stock market.Since the market seems to be concerned with inflation, a continued decline in oil would quell those fears.

Being oversold with positive divergence in the indicators as we approach a CIT time frame is the first step to a reversal. Now we need to see some genuine buying coming in. We still need to get the A/D to go strongly into positive territory to confirm that a new uptrend is under way.

 

[teknobucks]

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Spaf wrote:

Tech.
I think it hit the bottom at 1183 today. The problem seems to be the Cartel Creature. The Fed has the market unnerved. Probably needs some pepto-bismo, and a little bed rest!

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

here comes a cocktail of mylanta, pepcid, Maalox,and Gaviscon......with a months supply of PROZAC......

 

[Greg]

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YTD Returns (since 12/31/2004)

I-fund7.43%
S-fund3.67%
G-fund3.37%
F-fund1.73%
C-fund-0.31%

 

[Spaf]

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The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date: Oct. 6, Closing


Market News.

Kingdom Talk:. Another Cartel Creature cries inflation. Vestors worry about the ride of Horseman Rats.

Elsewhere:..... Awaiting unemployment data resulting from storms.


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closed at.............1191.49, dn -4.90
CMF (money flow) at.-0.139, up
RSI (strength) at......32.8, dn
MACD (trend)....bearish
S-STO (signal)...bearish
P-SAR (signal)...bearish
ROC (change)...bearish with a bounce (-2.44)

Light Crude (NYM)
Closed at...........61.36, dn -1.43

Tea Leaves:.................Red


Yak.

Remarks:.........Holding 20/80
S&P Stops:......Alert: 1217[broken], Trail: 1205[broken].
Oil Markers:....<64= ok, 64-69= worry, >69= panic.

 

[smine]

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Can't get TSP.GOV again. G pay the penny?

 

[Show-me]

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smine wrote:

Can't get TSP.GOV again. G pay the penny?

Yep!

 

[Rolo]

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The Technician wrote:

The Big Q of the day.....where do we stop dropping at???

I say 1183 +- 1......

It doesn't count if you call it the same day! I've been sayin' 1180-1178. I wouldn't rule out 1140.

 

[Citizen]

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It doesn't count if you call it the same day! I've been sayin' 1180-1178. I wouldn't rule out 1140.

I think that was a good call, Rolo. I actually thought about your guess when it bounced toward the end of trading.:^

 

[Rolo]

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I checked everything this morning and it looked like it was slowing a lot and EFV was white. When I got home and checked...wow...gravity kicked in sometime today.

The long shadows has me wondering if that quick bounce today was 'the low' but that isn't what I had in mind...an actual close ~1178 and a little hovering down there.

So, I'm not bullish yet.

Heck...I can't believe EVERYTHING is falling fast....Ima be scarred from Octobers here soon.

 

[Spaf]

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Shoot, Everytime a Creature from the Cartel opens his/her mouth, Vestors panic!