nnuut's Account Talk

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BamaAF said:
Trying to pick anywhere close to a bottom lately is a very dangerous endeavor.

Still trying to patch my britches from my last attempt.
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You can say that again!!
I'm sticking where I am for now though, AGG is down today, someone (the Big Guys) knows something? Gas/Oil is on the edge of a fall, I think? China is thinking about raising Gas/Oil prices, this should cut demand, Bush and Mccan are trying to open up Oil drilling. No Whip Saw for me, I'll just take my bumps and see what happens.:D
Still 20%, "S" 80% "I"
 
nnuut said:
You can say that again!!
I'm sticking where I am for now though, AGG is down today, someone (the Big Guys) knows something? Gas/Oil is on the edge of a fall, I think? China is thinking about raising Gas/Oil prices, this should cut demand, Bush and Mccan are trying to open up Oil drilling. No Whip Saw for me, I'll just take my bumps and see what happens.:D
Still 20%, "S" 80% "I"
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Hmmm...I didn't consider that China might be taking a page from the US in raising prices to reduce demand. However, I don't think that's why, I believe they are doing it to compensate for the high price of oil - passing it along to the consumer. Raising prices simply supports the high barrel price. China's economy is exploding and their government is not about to do anything that will suppress that growth.

I think AGG bottomed on 6/13. Might be a good bet if S/I doesn't pan out. JMO.
 
luv2read said:
Hmmm...I didn't consider that China might be taking a page from the US in raising prices to reduce demand. However, I don't think that's why, I believe they are doing it to compensate for the high price of oil - passing it along to the consumer. Raising prices simply supports the high barrel price. China's economy is exploding and their government is not about to do anything that will suppress that growth.

I think AGG bottomed on 6/13. Might be a good bet if S/I doesn't pan out. JMO.
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Keeping price controls on oil is getting to be a major headache for China - even with their recent currency appreciation (up around 15%). Think of it as a policy for both - slow down demand (China is the #1 market for SUV's right now - not a good long term policy) and passing it along to the consumer because it's getting expennnnnsive.
 
Silverbird said:
Keeping price controls on oil is getting to be a major headache for China - even with their recent currency appreciation (up around 15%). Think of it as a policy for both - slow down demand (China is the #1 market for SUV's right now - not a good long term policy) and passing it along to the consumer because it's getting expennnnnsive.
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It's definately a humbling experience throughout the world.

Those with the money - have the power - and we're all pretty much at their mercy.

My guess is whatever we're going through right now will pass and things will pretty much return to normal. Gas will remain high but not much higher than it is now.

The most fundamental shift will be the Tri-Lateral Agreement (when the US along with 2 huge economies join to compete with China) - but that's further down the road.
 
Steadygain said:
It's definately a humbling experience throughout the world.

Those with the money - have the power - and we're all pretty much at their mercy.

My guess is whatever we're going through right now will pass and things will pretty much return to normal. Gas will remain high but not much higher than it is now.

The most fundamental shift will be the Tri-Lateral Agreement (when the US along with 2 huge economies join to compete with China) - but that's further down the road.
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I think that was signed in New Orleans last month. Top secret, not even Congress knows what went on.:notrust::notrust:
 
nnuut said:
Speaking of "PICKING BOTTOMS" (wow!) Does this look like we could have a Double Bottom forming in the S&P?;)
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I think so....
luv2read said:
What would you experts call this?View attachment 4094
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luv2read said:
saw the same thing yesterday...double bottom during the day but at 1335....lol!:nuts:

Yesterday's range was 1335-1345, closed at 1340. Today is almost 1330-1340. Lets see if it closes at 1335 today. If it does, I'm hoping for higher tomorrow. I expect oil and oil stocks to be up.
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nnuut said:
Speaking of "PICKING BOTTOMS" (wow!) Does this look like we could have a Double Bottom forming in the S&P?;)
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That's pretty much been my feeling all along Norm, and the main reason why the Markets haven't bothered me.

It's possible the real second bottom is near the March low - but that is very doubtful.

So this is one of those times where we (you and I) are better off staying put - because no one knows when it's going to take off and do another 2 month (or more) stretch to the upside. No one except for Griffin - who isn't talking and Birch who always says we're in a bull market.
 
I saw that one yesterday, thought it was working on a "W". You know that is a Daily chart and is really to short of a time period to form a DB, that will act as a bottom for this decline. I think we could be right if it will rally to the upside by the end of the day?:cool:
 
Steadygain said:
That's pretty much been my feeling all along Norm, and the main reason why the Markets haven't bothered me.

It's possible the real second bottom is near the March low - but that is very doubtful.

So this is one of those times where we (you and I) are better off staying put - because no one knows when it's going to take off and do another 2 month (or more) stretch to the upside. No one except for Griffin - who isn't talking and Birch who always says we're in a bull market.
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Yes to all of that and very agreeable said. Cross your fingers!!:toung:
 
Yesterday there were only 206 new NYSE lows - that demonstrates a very nice bullish divergence which not everyone watches. Watch for the surprise to the upside.
 
Birchtree said:
Yesterday there were only 206 new NYSE lows - that demonstrates a very nice bullish divergence which not everyone watches. Watch for the surprise to the upside.
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I think it's about time, and good to see you in agreement!!:D We will see!
 
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