nnuut's Account Talk

[nnuut]

As you can see by the graph the price of housing was super, artificially inflated. I really think this BUBBLE needed to burst and in the end it will be a good thing for the American consumer. The prices were and are still, in some cases ridiculous. Ruff news for the people that bought 1000 Sq Ft houses for $500,000, but this needed to be corrected. IMHO!
That is 1/2 million dollars, $500 a Sq Ft!View attachment 3223

 

[hessian]

Last week set a new record in the SPX and the DOW, I don't want to be part of the RECORD RETRACE! BUT WHEN?
http://www.usatoday.com/money/markets/2007-06-01-stocks-friday_N.htm

Hi Nnuut,
Been wondering the same thing. I'm wondering "when" too. Friday was a bit of a surprise, day that was maybe, (thats a big MAYBE), it was a day that told us the correct question is "if", not when -yet. Friday we confirmed above the 20dma. Not sure yet but seems if we broke thru 1 support, maybe there's more that could be broken thru. Check out http://stocktiming.com/Friday-DailyMarketUpdate.htm
While there, also see whats posted there for Tuesday.
Patterns may be emerging...saying busting thru farther...

...maybe a ways to go yet?

 

[Birchtree]

The NYAD line found resistance right at its 1% Trend (200 day EMA) - if the 9 month low has passed, there would have been enough thrust to push this indicator back through and above this same longer term trend line - done Friday. The NYAD line has broken the confines of its symmetrical tirangle. The market has had periods of consolidation since the bull market trend was established in 2002. I believe the current trading range is another consolidation in a powerful bull market.

 

[nnuut]

I thing that Long Term Trend line will be a HARD NNUUT to crack. It can be done, but if we TRULY are in a BEAR Market you have to think upside down, to the Bears a drop is a Gain. Well, just have to wait and see but I hate to get caught in that one.:worried:
View attachment 3224

 

[hessian]

Saturday, February 02, 2008

"And of course, the mother of all resistance: SPX ex-bull market trendline, 50% current drop and 50 dma all stacked up between 1423 and 1430. It is going to be almost insurmountable. How much negativity we have getting near that level will determine the outcome. Will we do like the COMP and overlap (possibly all they way up to 1459) or do we reverse hard, right on cue, at 1423/1430? Or worse yet, do we not even get past 1400? It will all depend on sentiment, the nail in the coffin of all resistance/support levels. Charts with a bunch of cute lines, retracements and moving averages are not what makes a trader win, it's the ability to gauge sentiment at potential turning points." http://aheadofthenews.com/

Sunday, February 03, 2008

"E-mini traders:
Note ES 50% March contract at 1426.75 is also confluence weekly R1. Add the SPX chart posted yesterday, and it is starting to line up.
NQ has heavy resistance at 1911/1912, confluence two major fibs, although we also have 1907/1908 as a key number. Take your pick."

Great discussion everyone!
Best hopes for all
VR

 

[nnuut]

Going to ride this pony for another day, I just love it when we get a spike at the end of the day!
Still 80% "C" and 20% "S".

 

[nnuut]

Market down, and AGG down MY MY, it's doing it again!!

 

[kar_crazy]

Going to ride this pony for another day, I just love it when we get a spike at the end of the day!
Still 80% "C" and 20% "S".

MAN THIS PONY IS KILLING ME ,SPIKE LOOKS TO BE GOING THE WRONG WAY

 

[nnuut]

Can't go STRAIGHT UP all the time, look back in time, it's like climbing stairs! We need some slicks on this Baby!:laugh:

 

[kar_crazy]

Short squeeze me again!!! Burnin' down!
View attachment 3185

:laugh::laugh:

 

[nnuut]

January ISM Services report sparked recession concerns.

Well that one snuck right up on me and bit me where it hurt!

 

[nnuut]

I give up!
50% "G", 50% "F" COB today

 

[nnuut]

Could this be a:


Dead Cat Bounce
A 'dead cat bounce' is a rather unpleasant term used to describe a small, short term recovery in a falling stock's price. Why? Well, if a cat was dropped from the top of a tall building it would bounce when it hit the ground - but it wouldn't bounce much and it would still be dead.

 

[presskh]

Could this be a:


Dead Cat Bounce
A 'dead cat bounce' is a rather unpleasant term used to describe a small, short term recovery in a falling stock's price. Why? Well, if a cat was dropped from the top of a tall building it would bounce when it hit the ground - but it wouldn't bounce much and it would still be dead.

Looks more like a dead cat SPLAT!!!

 

[nnuut]

Looks more like a dead cat SPLAT!!!

Yep a SPLAT, I was afraid of that!:worried:
Big Mouth FED!

 

[nnuut]

I think the Market is in MINOPAUSE, gotta be!View attachment 3248

 

[kar_crazy]

sure hope we dont splat again hoping to see a spike i know yeah right:laugh::blink:

 

[Silverbird]

sure hope we dont splat again hoping to see a spike i know yeah right

Uh, Kar, no driving the vehicle over the spikes, you know that. :toung:

 

[nnuut]

Wouldn't it be nice if we could BUY SHORT, Dog gonnit?:nuts:View attachment 3252

 

[nnuut]

I'm staying 50% "G" and "F".
Charts are in a sideways movement that resemble a FLAG on a downward trend. Sometimes this predicts a fall equal to about to 1/2 the distance to the top, which would be 25 points on the S&P. Gas and Oil on the rise on Hugo Chavez' threat to cut off our Oil supply from his MUD HOLE. There are very few refineries that can refine that GOOP he pumps down there. If we don't buy it he might not be able to sell it!