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Wilma! May have me running for the G Fund. Ohh No. They are talking this one up big. They say it is a record maker. If it hits the oil.....

Hey Technician, where do you post your moves? I heard you are doing good.
 
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wow stocks did great today. yesterday I was about to sell. the wall of worry.
Tomorrow I will be selling if stocks are higher.
Tennisguy
 
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Some comments from a Tech:
Closing Comment

This is very good short-term action, but the daily indicators, although they have turned up, are not yet in a position to give an intermediate buy signal. In the Week-end Report, I mentioned that the correction had described a down channel. What we have done, so far, is bounced off the bottom of the channel and moving towards the top.

In fact, it's a double channel (a smaller channel within a larger channel). The top of the smaller channel, for the SPX is about 1200 and should offer some resistance. The larger channel top is about 1215. It should take a while to maneurver out of all that.

With the A/D at only 940 at the close --even though this is very good action considering that we were -1600 at one time -- is still not a break-out figure.

I will send a chart to make this clearer later on this afternoon, with additional comments.
I hope the bottom is in,the 1170'sheld and were tested. This week isop's expiration on Friday. Typically, there is support for the markets in advance of expiration when we have a high vulnerable put option open interest on the QQQQ's as we do this week.

This correction is getting close to being over! Looks like some of the shorts are covering and some going to cash. We have to break thru the 1200's and hold before I'm opening up the champagne.....Still a ways to go! What say you Skip?


 
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learning wrote:
Wilma! May have me running for the G Fund. Ohh No. They are talking this one up big. They say it is a record maker. If it hits the oil.....

Hey Technician, where do you post your moves? I heard you are doing good.
I ran out on time just didn't get back in on time. OH Well at least I caught 40% of todays action.

Wilma will be leaving FL through my back yard if it stays on the projected path. I just got my new screen room a few days ago and its about to be tested
 
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FundSurfer wrote:
Cowboy, didn't you bail out of I to F today? Might have turned out to be a good move if it goes back down tommorrow.


Nope I moved to 100% I fund today so should be good for the raise tomorrow! The I fund did not go up today in accordance to my indicators. :^
 
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That was a heck of a turnaround....At 1 pm when I had to go back to work, the Dow was up 2 and the adv'decline was 1023/2121. Don't know yet about a 4th quarter rally but if oil keeps heading down and into the $50's, those huge Septemberinflationincreases could vanish by November. That would start the "end of interest rate hikes soon" talk and give us a nice end of year rally.
 
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The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date: Oct. 19, Closing


Market News.

Kingdom Talk:. Stox Rebound!
Growing companies put worries in the background.

Elswwhere:.... Krude fell off horse (again); supplies up.

Elsewhere:.... Storm predicted to turn easterly.


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closed at.............1195.76, up -17.62
CMF (money flow) at.-0.034, upn
RSI (strength) at......46.1, up
MACD (trend)....bearish
S-STO (signal)...bullish
P-SAR (signal)...bearish
ROC (change)....bearish

Light Crude (NYM)
Closed at.........62.41, dn -0.79

Tea Leaves:.................Yellow


Yak.

Remarks:.......Holding 0/100
S&P Stops:.....Alert: NA, Trail: 1177.
Oil Markers:...<64= ok, 64-69= worry, >69= panic.
 
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Wow !!!!

That was a turn around... Started off to the down side then flipped to a big gain...
Took out the resistence at 1191 and closed above... My system gave a buy today with a 86% hit ratio... That's a go for me....
See chart....
Skip turned bullish today...
 
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mlk_man wrote:
Any chance we'll get one of those "outta no where" corrections in the I fund and it'll end up .5% today? :?
Damn close! Big .2% drop in the I fund today. Must have been a "fair valuation" day. Merry Christmas! I'm looking at possibley testing the waters of the I fund. Look out here I come!!! :dah:
 
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Uh, soooo...the Asian and European indices dropped like a rock last night, yet the I Fund is barely lower? How does that work?
 
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The famous “fair valuation” explanation.:^

6. Why doesn't the change in the I Fund share price always correspond to the EAFE Index which it tracks?

Participants have asked why, on some days, the change in the I Fund share price reported by the TSP does not match the change reported for the Morgan Stanley EAFE (Europe, Australasia, Far East) index, which the I Fund tracks. This happens when the Board's investment manager, Barclays Global Investors (BGI) reprices its EAFE Equity Index Fund, in which the TSP invests, after the close of the foreign markets. This process, known as "fair valuation," occurs when there are large U.S. market or currency movements between the time the foreign markets close and 4:00 p.m., eastern time, when BGI's share prices are determined. Fair valuation ensures that traders cannot "market time" the I Fund by making investment decisions based on the "stale" prices, thus diluting the returns of other participants who invest in the I Fund. Because the EAFE uses the foreign market closing prices to calculate its values, its price change will differ from the TSP's on those days.
 
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bkrownd wrote:
Hmmm...OK. When do we finally get that global 24-hour Stock Market of the Future, anyhow?
Right after they get rid of the 12 noon deadline for transfers. :l
 
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Spaf wrote:
I think it's a hype thing, too many sour grapes!
I AGREE! I neverlisten to the media about the details of the economy.To many trash it even when it's ok. Elections are coming, and many would have you think it's the end of the world. The battle grounds are getting set, and the Media will spin the economy whenever they can...I let Bob Brinker explain it to me in his news letter in layman's terms.When he tells me the economy is ok," Don't worry be happy,"I am....But the market it works in trends, andit could be turning up, so get ready to buy Spaf.... Still some work to be done, but the trend is turning and you can't fight the ticker!:cool:

Remember the old Nissian commercial! ENJOY THE RIDE!

 
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Landfall prediction is somewhere to the NW of Key West based on most models... but it'll be close enough to do significant damage if the projected path turns out to be correct.

Estimates are that it'll be a category 3 storm at that point.
 
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Show-me wrote:
mlk_man wrote:
Any chance we'll get one of those "outta no where" corrections in the I fund and it'll end up .5% today? :?
Damn close! Big .2% drop in the I fund today. Must have been a "fair valuation" day. Merry Christmas! I'm looking at possibley testing the waters of the I fund. Look out here I come!!! :dah:
Whew, good thing I'm jumping ship today!!! :P
 
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Got the I fund timing down....yeah right...fair value ........well, at least the EAFE went up and I suppose something will move positively the next day or so....the foreign markets are doing well today.....

Gees.....this thing is something else....

I see that Hollywood figured out that Hillary can't get voted in as prez by herself and her record so they invented another Presidential tv show.....yep, it really worked last time with the big Kerry failing....it ain't going to help Hillary either....Commander-in-chief....what a joke.....they just don't get it, its their own policy of being obstructionist that holds themselves back....who needs them.....hey if they want socialism, tell them to go to Europe....Kerry does...

:dude:
 
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I'm getting data that the market will be positive for about a week or so....

Given this, the European markets will do well also.....

Could be, the I fund will do well, and maybe seesawing between the S and the I would gain you the best %....of course that takes good timing and such....but in general, I , S and C should do well.

Gonna play around with it some more, but will keep my :oowide open to exit at any

moment....

:dude:
 
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The Technician wrote:
I'm getting data that the market will be positive for about a week or so....

Given this, the European markets will do well also.....

Could be, the I fund will do well, and maybe seesawing between the S and the I would gain you the best %....of course that takes good timing and such....but in general, I , S and C should do well.

Gonna play around with it some more, but will keep my :oowide open to exit at any

moment....

:dude:
One of the rare moments when Tech, takes off his doom and gloom hat, and puts on his show me the money hat.:^
 
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