nnuut's Account Talk

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Paladin said:
Do you mean tomorrow.....
After the blazing hot sun comes up.....
Just another whack in the head in a long line of what is fast becoming known as Terrrrrrrrible Tuesday.....??? :worried: :worried: :worried:

On the other hand, a lower share price and a buying opportunity always looks good when you're holding some cash.... :cool:
Click to expand...
I hope they shrug it off, but I don't think soooooooo, that will be terrrriabllllleeeee!
 
100% "S"COB today. The markets seem to be walking up the Wall Of Worry. If there is a retest of the lows it will probably be at the 200 DMA if there is one. Bond yealds really down, this could prod Burntankle into lowering rates early, but that is just a guess.
 
good call on em frog legs today:D hope the Sssssnake pit spills over tomorrow for you G L Nnnuuts , sometimes i think you are a little Car Crazy:nuts::laugh::eek:
 
car crazy said:
good call on em frog legs today hope the Sssssnake pit spills over tomorrow for you G L Nnnuuts , sometimes i think you are a little Car Crazy:nuts::laugh::eek:
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BBRRUN, BBRRUN!!!! SSSKKKKEEEEETCCCCHHHH!!!just like burning rubber!!:D
 
nnuut said:
100% "S"COB today. The markets seem to be walking up the Wall Of Worry. If there is a retest of the lows it will probably be at the 200 DMA if there is one. Bond yealds really down, this could prod Burntankle into lowering rates early, but that is just a guess.
Click to expand...

AND<<< of course a retest could also wait until it hits the 50 DMA. Long way up.:cool:
 
"C" and "S" are trying to pop through their 200 DMAs. If they can it's probably UP from there to the 50 DMAs, but It look like the 200 might hold then we may be on the way down to retest the lows? Might have to exit today just in case? Thinking!!!!!:cool:
 
50% "S", 50% "I" COB today. Here we go, gambling that we hold for today and get a NB in the "I".
Yeah, I'm semi long, right, can't go semi long in weather like this!!:suspicious:
Waiting for a trend!!!
 
I was thinking if we can't bust through the 200 DMA (or is it the 50 DMA?)in it might be time to think retest, BUT?

[FONT=times new roman, times]ANATOMY OF A BOTTOM
[/FONT][FONT=times new roman, times]by Puru Saxena[/FONT][FONT=times new roman, times][/FONT][FONT=tahoma,verdana,arial]Editor, Money Matters
August 22, 2007[/FONT]​
[FONT=Arial,Helvetica,Verdana][/FONT]After going through all the technical and sentiment data available, I am more convinced than ever that a major bottom was formed in the markets last week. Below I present the reasons –​
a. Volatility Index (VIX) which measures market fear surged to 37 intra-day on Thursday before reversing and settling at 30. On Tuesday, it fell further to 28 - we may have seen the top in the VIX.
b. On Thursday, over 1,000 US stocks recorded fresh 52-week lows and only 10 stocks hit new highs - this extreme reading is a symptom of a severely oversold market
c. The Put/Call ratio, which measures the number of put options (bets on the market declining) versus call options (bets on the market rising) reached 1.3 which is even higher than the level recorded at the bear-market double bottom in October 2002 and March 2003. The current reading indicates that the majority of market participants are positioned for a further fall and not many are betting on a rise. Such a high level of bearishness is a great "bullish" contrarian signal.
d. The latest survey done by Investors Intelligence shows that the level of bullish advisers has shrunk to 43% from close to 60% which is consistent with previous market bottoms
e. The Bank Index in the US (a leading indicator) also bottomed last Thursday and has been leading the advance off the lows
f. The Fed cut the "Discount Rate" by 50% and this is a sign that it will probably cut its Fed Funds Rate at its next meeting. Rate cuts are bullish for assets and negative for the US Dollar.
g. Finally, Thursday marked a "key" day reversal. In other words, after being down significantly during the day on massive volume, US stocks managed to close higher representing panic and capitulation.
So, you have to ask yourself the following question:
If the capitulation has already taken place as evidenced by Thursday's data and the majority of market participants/advisers are now stark bearish, who is left to sell???

Gold and silver shares were also whacked during the recent rout, which is inconsistent with the bullish monetary and economic backdrop for precious metals – rising monetary inflation worldwide, imminent interest-rate cuts in the US and expanding credit spreads.
In my view, the above data combined with the prevailing negative sentiment is screaming a "MAJOR BOTTOM". Investors are advised to accumulate major positions in resources (miners, energy stocks, uranium stocks, precious metals stocks) and the emerging markets during this widespread doom and gloom. After some additional consolidation and a re-test of last week's lows the advance should resume.
http://www.financialsense.com/editorials/saxena/2007/0822.html
 
100% "G" Cob today. Heading for the "G" today for safety. Things are just too squirrely. How's that for a technical evaluation?:D
 
nnuut said:
100% "G" Cob today. Heading for the "G" today for safety. Things are just too squirrely. How's that for a technical evaluation?:D
Click to expand...

Nnuut... Glad I asked about where to find the definitions of the market
terminology the other day. Now I know where to look up your squirrely evaluation. Ha!
 
:D:D:D Yep it's a goodin'. I'm just pressed for time, best I could do in 15 minutes. Had to make a decision, IFT, enter IFT in the Account thread. By the time I got to my Talk Account I was burnt out!!
But, I am still worried about a possible test of the prior lows, the USMs keep bouncing off of resistance at the 200 DMA, so I jumped to the "G" at the last minute. I made a good hit yesterday in the "S" fund, the "F" the day before and the "G" Monday and am half "S" and "I" today. Even if we continue down today I can't lose that much and if it's on the way to the bottom again I'm set.
I really don't think it's over for today>>>>>>> comon Markets you can do it!! UP, Knock the top out of the charts.:cool:

WRONG!!!!!!!!!!
 
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Yesterday I was allocated 50% "S" and 50% "I", darnest thing, I still made money! Made $.31 (cents) that's about as close to even as you can get being in 2 funds. I'm going to sit On the LILY PAD today and Monday, the PENNY is MINE!!!!
Are we turning around to revisit the lows of this correction? I just don't know for sure, but it sure looks like it can happen. If not it's probably the BIG "V" or sideways action until it can make up it's mind!!!

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