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Or you can now use TapaTalk again!nnuut's Account Talk
- Thread starter nnuut
- Start date
nnuut
Moderator | TSP Legend
That's it buddy, don't forget the link in the first paragraph, it does the intake and stuff in front of the engine.
nnuut
Moderator | TSP Legend
350zCommTech
Well-known member
Good chart nnuut. That makes a good case for the bears. Bulls need to get back in the wedge soon.
TerpTrader
Member
One word comes to mind!! BREAKOUT!!!!
You misspelled BREAKDOWN :cheesy:
I do like the positive divergence we see in MACD, though. Also, watching for break and hold over top trendline from mid-September before I re-enter.
nnuut
Moderator | TSP Legend
No, NO not BREAKUP AND BREAKDOWN,
it's BREAKOUT to the up side or the downside, in this case it's to the downside and support is around 816 SPX. I'd like to see a TURNAROUND, but you know how itgoes!! :laugh:
nnuut
Moderator | TSP Legend
It's a BREAKUP, with a RAT TAIL!! It looks like if the market can rally today with all the bad news that the SANTA RALLY may be on its way?!! View attachment 5193
View attachment 5194
Rod
Well-known member
Looks like a nice bounce today on Obama's Bailout and possible Bailout of the Big Three. I never get back into the markets on a BIG UP DAY, so I'll just sit here in the "G" until the dust clears.
Yeah, not a bad little run these past few days.
You know, I've yet to tip my toe into Mr. Market this year. I've only been in (F) and (G).
FEELS GOOD
hessian
Member
Hi Nnuut,
Its been awhile, terror-bly busy. Nice charts, muchos gracias.
IMHO, maybe more important than the bailouts of the automakers this week (which I expect we will see, and the market will pop, despite the idiocy of this) - what the market is mostly reacting to is lower GAS prices - folks are finally "feeling " like they got some money in their pockets to spend for Christmas! -And markets responding.
OR, it could be a setup for an opex week take-down, so, I'm not going to be too greedy here.
nnuut
Moderator | TSP Legend
Thanks, it was nothing!:laugh:Norm, Congratulations on being the TOP POSTER in 2008 !
Your a Gold Mine !
I think you're gaining on me?:suspicious:
nnuut
Moderator | TSP Legend
Hi Nnuut,
Its been awhile, terror-bly busy. Nice charts, muchos gracias.
IMHO, maybe more important than the bailouts of the automakers this week (which I expect we will see, and the market will pop, despite the idiocy of this) - what the market is mostly reacting to is lower GAS prices - folks are finally "feeling " like they got some money in their pockets to spend for Christmas! -And markets responding.
OR, it could be a setup for an opex week take-down, so, I'm not going to be too greedy here.
YES! YES! how true and it's finally taking hold and causing prices to drop, it will take a while to catch up and get back to where we were. We will spend more and stimulate the economy and drag us out of this hole. Same thing is happening in Briton, check this out from the BBC:
Cheaper oil cuts producer prices
November's drop followed an even bigger reduction in October
The cost of goods leaving UK factories fell 0.7% during November compared to October, which itself saw a 1% fall.
It is vindication for the Bank of England's view that inflation is not currently a threat, which has allowed it to make three successive rate cuts.
Much of the fall in prices has come from the rapid drop in the price of oil, which is more than $100 a barrel below its July peak.
Analysts say the falling factory-gate prices will feed through to shops soon.
"It's coming down fast and there's plenty more where this came from," said Alan Clarke, an economist at BNP Paribas.
"We're going to see this in supermarkets and high streets pretty much imminently."
Slowing inflation
Producer prices are 5.1% above their level this time last year.
While the falling oil price has led to an overall cut in inflation, there are concerns that the falling value of the pound may lead to some cost pressures.
"For example, imported chemicals and imported parts and equipment both show increases during November," said Philip Shaw, an economist at Investec. "Overall, this probably doesn't derail the disinflationary story but the selected cost increases are interesting." The Bank of England's interest rate-setters have cut three percentage points off the cost of borrowing over the past three months, bringing the Bank Rate down from 5% to 2%. http://newsvote.bbc.co.uk/2/hi/business/7770836.stm
nnuut
Moderator | TSP Legend
I've been really busy lately, work has me humping, but I try to keep up with my stuff, if you know what I mean. You're on much more than I am lately, keep up the good work!! I retire 01-03-10, and can't wait!!!
hessian
Member
So Nnuut,Last month our PPI was:
Oct -2.8
We may be pleasantly surprised this week (Friday), I might have to slide some $$$ into the market Thursday?
You are thinking this uptrend might slide thru opex week? Hope you're right - otherwise the wife might be upset - think??
PS I'm hopefully watching mine for late 2012.Similar threads
