Market Talk

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I did a calc on the C and S funds since 8 Aug.....C is down almost 5.5% and S is down over 8%........

I find it ironic that the Fed's raised the M3 money supply excessively (maybe to make the Fed deficit seem lower), which helped cause inflation, and now are raising rates to contain it.......opposing tactics to just try to keep things even.....resulting in higher costs and taxesrevenues from consumers.....remember, the government looks at the consumer toojust asa corporation does for revenue....now consumers are spending less.....therefore no real gain in revenue......what a paradox.....

So they stir the waters to shift the pot around, but to no avail, they get nowhere, except corporations dofairly well for a while.....



:^
 
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ACcum Rate is going down to Pre Nov 2004 levels....while prices are higher...I mentioned that again to let you know someone is left holding the bag...

:dude:
 
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Mike and Rolo....could they be waving to you guys as the market goes by???:shock:

This has gotta hurt those holding the bag in the gut.....:s



:end:....its going :U
 
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Hmmm, looks like the market drove right on by you guys and the song that was playing on the radio was WipeOut!!!! Na Na Na Na ..Na Na Na....

Look out 1130's here we come.....

:x
 
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The Technician wrote:
I put in $55 into the tank this morning before going to work...last time it was $70+....sure could put that money somewhere else and employ someone.......

That's odd - I put hot cereal and peanut butter on toast in my tank this morning, say $1 worth, and the smug capitalists accuse me of depressing/cheating the economy by not spending money on gas and auto repairs like a truely patriotic American workslave. :%
 
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The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date: Oct. 12, Closing


Market News.

Kingdom Talk:. Horsemen Inflate and Earnie join Krude to trample market harvest!


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closed at..............1177.68, dn -7.19
CMF (money flow)..at -0.172, dn
RSI (strength) at.......29.0, dn
MACD (trend)....bearish
S-STO (signal)...oversold
P-SAR (signal)...bearish
ROC (change)...bearish (-3.12)

Light Crude (NYM)
Closed at...................64.12, up +0.59

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


Yak.

Remarks:...........Holding 0/100
S&P Stops:........Alert: NA, Trail: NA.
Oil Markers:......<64= ok, 64-69= worry, >69= panic.
 
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Well it stop bleeding at 1177.68 . We will see if it holds as a support level.
There is not much to hold it here.... 1165 next stop ? not much good news in the market today.... Traders are running the dow up and then dumping their shares to the little guys as it goes down.... would you hold over the weekend ? not me... 2 more down days ? or will it trade sideways forming a base...

Skip
 
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bkrownd wrote:
That's odd - I put hot cereal and peanut butter on toast in my tank this morning, say $1 worth, and the smug capitalists accuse me of depressing/cheating the economy by not spending money on gas and auto repairs like a truely patriotic American workslave. :%
What? Do you have the right site?

Oh boy..........
 
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mlk_man wrote:
What? Do you have the right site?

Oh boy..........

Yes, I'm a penny-pincher here to learn how to pinch my pennies even harder to protect myself against my next inevitable period of unemployment. I do not participate in the "normal" wasteful American high calorie go-go-go convenience-uber-alles Wal*Mart-ized Starbucks-chugging culture. I ride my bike to work, recycle, eat tofu & lettuce sandwiches, read, give $$$ to nature, PBS, NPR and Howard Dean's campaign, and even voted for Nader and the Libertarians (or was it librarians?) once each. Uh, and I subscribe to The Economist. AND YOU CANNOT STOP ME! BWWWAAHAHAHAHAHAHAHA!!! :oo:l
 
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Some comments from a Tech:

Closing Comment

Today's action did not changemuch of thetotal picture. The market is searching for a short-term bottom and may be close to finding it. The same low-degree slanting pattern discused in the Morning Comment prevails, and is very pronounced on the SPX Point and Figure chart.

You may remember that in my newsletter I had mentioned that the SPX could retrace to 1175. In fact, today it went about a point lower tested that area and closed higher. It's possible that we could hold here, at least temporarily.

Longer term, we still don't have the conditions for a significant reversal into an up-trend, and we will need to improve the action of the indicators, especially of the A/D, but there is still no good technical reason to believe that this is more than a correction, and not the beginnining of a long-term down-trend.


 
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Spaf,

I didn't realize you may have sold your 1954 Western Auto bicycle to bkrownd - he'll have to spring for his own oil can I suspose? Talk about ironic - the Chinese more or less just retired their bicycles as primary mode of transportation - and now we are stepping out of automobiles into bicycles and scooters. It won't be long the Chinese worker will be here helping to rebuild New Orleans.

Dennis
 
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bkrownd wrote:
I do not participate in the "normal" wasteful American high calorie go-go-go convenience-uber-alles Wal*Mart-ized Starbucks-chugging culture. I ride my bike to work, recycle, eat tofu & lettuce sandwiches, read, give $$$ to nature
Good for you.
Are you single? Have loose relationships?
Having family, relatives, and other commitmentsmakes it much harder to do your own thing.
 
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Birchtree wrote:
Greg,

I respectfully submit that I do admire his initiative - and he will live longer too.

I admire his initiative also.

I was trying to figure out how he does it without compromising, whichis oftenrequired unless you live in your own cocoon.

Let's listen to how he does it.
 
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Presumably my significant-other would be quite similar, because otherwise it wouldn't really work, right? I'm not sure what my relatives have to do with it - they live thousands of miles away. Pumping those pedals keeps my tight butt sexy for the girlies, too. Wait until they see my private "asset allocation"! :^
 
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bkrownd wrote:
Yes, I'm a penny-pincher here to learn how to pinch my pennies even harder to protect myself against my next inevitable period of unemployment. I do not participate in the "normal" wasteful American high calorie go-go-go convenience-uber-alles Wal*Mart-ized Starbucks-chugging culture. I ride my bike to work, recycle, eat tofu & lettuce sandwiches, read, give $$$ to nature, PBS, NPR and Howard Dean's campaign, and even voted for Nader and the Libertarians (or was it librarians?) once each. Uh, and I subscribe to The Economist. AND YOU CANNOT STOP ME! BWWWAAHAHAHAHAHAHAHA!!! :oo:l
I did read that tofu causes a reduction in testosterone and an increase in estrogen. YOu don't work out to Richard Simmons tapes too do you? :P

Just teasing you. If I could bike 120 miles every day, I would pedal to work also. I don't think my "behind" could handle it though.
 
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I use to ride my bike to work way back in the early days....now I have to drive 60 miles to workand riding isn't an option....

American workslave....yeap, slavery never has gone away it just changed form....and if you consolidate your loans into one, you too may become an indentured servant by your own decision.....

Capitalism really needs to be enhanced to enhance the entrepreneural spirit ....too many corps have too much control right now....but that also goes with a contracting economy....

I believe the market won't find a bottom in this current situation for a while...most likely till end of Dec....sorry Robo....this TECH says so!!!:l

I wonder did we get the penny yesterday...???

:^
 
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:@! Well, seeing how its never a sure thing on their rate increases, its no wonder......even though it calculated for the 12th on my datasheet, the plot looks good for the increase on the 12th, we still didn't get it on the 12th......I speculate its determined by human intervention on the day of increase....

Considering that they have to start to manipulate it for the year end,it shouldbe today..... and if it isn't then all bets are off

:dude:
 
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U know, I guess they never learn....oil above $64/bbl....duhhhh....thats whats wrong with the whole market.....we could have extended the market on and on if they had kepted the energy costs in tune with the commercial economics....:X

Sometimes I'd wish we would just send the Alabama National Guard over to Saudi and take over the country....!!!;)

:dude:
 
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