Nordic's Account Talk

[KevinD]

Re: remain cautious

Translation? or link to one... sorry, I am trying to figure all this out.

http://en.wikipedia.org/wiki/Elliott_Wave_Principle

 

[Nordic]

dollar at risk

"There's a distinct possibility the U.S. stock market could plunge as much as 6,000 points if the U.S. continues to rack up record amounts of debt, causing the dollar to lose its reserve currency status, says Daily Ticker favorite Howard Davidowitz."

http://finance.yahoo.com/blogs/dail...ys-howard-davidowitz-20110325-110902-734.html


It's difficult to see how we're going to avoid this with the national debt approaching 15 TRILLION dollars

 

[alevin]

You aren't the only one paying attention to his counts, I don't have him bookmarked, but others I read are paying attention.

 

[Birchtree]

Well I'll certainly fill my pants and it won't be with dollars. I can afford to ignore him.

 

[Nordic]

You aren't the only one paying attention to his counts, I don't have him bookmarked, but others I read are paying attention.

Referring to Daneric's EW counts?

 

[alevin]

Referring to Daneric's EW counts?

Yes, that's what I was referring to.

 

[Nordic]

Yes, that's what I was referring to.

Yeah, his counts over the past week have caught my eye. We seem to be on course for an "obvious" pullback fairly soon. We just finished the B wave up in a corrective ABC pattern down, so if it holds together the C leg down would be next...and could be a doozy.

 

[poolman]

Yeah, his counts over the past week have caught my eye. We seem to be on course for an "obvious" pullback fairly soon. We just finished the B wave up in a corrective ABC pattern down, so if it holds together the C leg down would be next...and could be a doozy.

It's very important to be watching this right now because we are very overbought and I don't want to get caught up in what I feel will be a significant downdraft...... :notrust:

 

[Nordic]

"Bottom Line: Despite the precarious nature of "V" bottoms, the broader picture reveals a preponderance of solid double bottoms, which leads me to believe that the "V" bottoms will lead to higher prices without the benefit of retests."

http://blogs.decisionpoint.com/chart_spotlight/2011/04/global-markets-enhance-perspective.html

 

[Nordic]

Rising TSP expenses

"The Thrift Savings Plan could see an increase in expenses in fiscal 2012, according to Government Executive."

http://federaldaily.com/articles/2011/05/17/agg-tsp-expenses-could-rise-in-2012.aspx?s=FD_180511

 

[Nordic]

IOUs

"The department also announced a move affecting the government-issued securities held in the Government Securities Investment Fund, or G Fund, of the Federal Employees Retirement System."

http://federaldaily.com/articles/20...ith-federal-retirement-funds.aspx?s=FD_180511


We having fun yet? :notrust:

 

[Nordic]

Fearful Investors

"The overall takeaway: Fund managers surveyed, who collectively control more than $800 billion in assets, are questioning whether global economic growth can continue to press ahead, given all the headwinds we face. As a result, they're starting to take action."

http://money.msn.com/investment-adv...014dfdb-f697-46d0-b058-c744b0fe30b2&GT1=33036

 

[Nordic]

Been keeping my head down lately. I should've pulled out before the end of May, but stayed invested going into June and since then have just tried to ride out this pullback. The limited IFTs we have really make it difficult to make wise moves, especially in a volatile market.

 

[Nordic]

Re: dollar at risk

"The sell-off in stocks and risky assets, which began with bank stocks back in February and spread like an infection in the months that followed, appears to be well and truly over. The end couldn't come soon enough. From its peak, the Dow Jones Industrial Average shed nearly 8% to its intraday low last week."
http://money.msn.com/investment-advice/article.aspx?post=d9d2aa04-9cab-4aef-b81b-075cfdb22178

 

[Nordic]

"This stock market, in my opinion, shows a short-term July rally inside a summer slump, inside an emerging markets rally, inside a liquidity-fueled boom, inside a liquidity-fueled bust."


http://money.msn.com/investing/get-ready-for-a-july-rally-jubak.aspx

Would be nice to see a rally in July

 

[Nordic]

"Bottom Line: The current rally has had a strong internal initiation, strong enough to potentially rise about 300 points off the June low, unless it runs out of steam at the top of the wedge pattern around 1400. Assuming the best case, I think that 1550 will prove to be the limit of the rally, and probably the bull market."

http://blogs.decisionpoint.com/chart_spotlight/2011/07/long-term-view.html


It's good to read and post a bullish article for a change. I jumped back into equities yesterday and am looking at staying there until we reach the 1375-1400 range before re-assessing. Now, the market just needs to follow that script. :suspicious:

 

[nnuut]

Sounds damn good to me, I need a break!

 

[Nordic]

Sounds damn good to me, I need a break!

Big copy on that nnut!

 

[Nordic]

Bulls are back...maybe

"For investors, especially those who had been on the sidelines, now's the time to "risk up" again. At the broad market level, I recommend the Nasdaq QQQ Trust (QQQ) to gain exposure to the strength being demonstrated by mega-cap tech stocks like IBM and Intel (INTC)."


http://money.msn.com/investment-advice/article.aspx?post=aa38e4d7-3195-43af-934f-bc7f394d30a2&GT1=33036


Wouldn't that be splendid.

 

[Nordic]

I almost jumped ship to the G Fund today, but changed my mind at the last second. Next week will be interesting, we'll see if those of us who remained in over the weekend chose wisely or not. Even if the bozos do pass something in time, that doesn't mean there still won't be a selloff. High stakes, just not sure how it will play out.