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Poolman's Account Talk
- Thread starter poolman
- Start date
poolman
Top Return 2008
mayday
Active member
Yeah: When are we going to poke through 1041
Frixxxx
Moderator
10/06/2009
poolman
Top Return 2008
Watch the Master Levels = Support and Resistance.
S&P Support 1020
S&P Resistance 1041. This is Key. I hope this helps
_____________________________________________________
http://www.youtube.com/watch?v=csIl6PtTlDQ&feature=sub
http://www.youtube.com/watch?v=7B_cedMTv64&feature=sub
S&P Support 1020
S&P Resistance 1041. This is Key. I hope this helps
_____________________________________________________
http://www.youtube.com/watch?v=csIl6PtTlDQ&feature=sub
http://www.youtube.com/watch?v=7B_cedMTv64&feature=sub
poolman
Top Return 2008
poolman
Top Return 2008
poolman
Top Return 2008
We are still within a Trading Range. We would have to Close the day with SPX above 1061 to say we are going Higher.
I am also worried about the dollar index dxy. The Dollar may go to Hell in a Hand Basket and we are doing nothing about it. This will help the I - Fund initially but wait until the market reverses course and the dollar continues to fall. That will be bad for the I - Fund. The Dollar is in big Trouble.
October 11, 2007 is when the stock market reversed course 2 years ago. I think psychologically the markets are going to remember this. It's written on my Calendar I wonder about anyone else's ?
I'm Playing Safe. I don't want my Gains Wiped out in 1 Day.
I am also worried about the dollar index dxy. The Dollar may go to Hell in a Hand Basket and we are doing nothing about it. This will help the I - Fund initially but wait until the market reverses course and the dollar continues to fall. That will be bad for the I - Fund. The Dollar is in big Trouble.
October 11, 2007 is when the stock market reversed course 2 years ago. I think psychologically the markets are going to remember this. It's written on my Calendar I wonder about anyone else's ?
I'm Playing Safe. I don't want my Gains Wiped out in 1 Day.
poolman
Top Return 2008
poolman
Top Return 2008
Get ready for this market to Blow people. Without Job Growth we are just creating another Bubble. Unemployment Rate is still going Higher.
IMO, We are right around the corner from a Good Sized Correction.
http://money.cnn.com/2009/10/06/markets/thebuzz/index.htm
IMO, We are right around the corner from a Good Sized Correction.
http://money.cnn.com/2009/10/06/markets/thebuzz/index.htm
poolman
Top Return 2008
poolman
Top Return 2008
Some Thoughts.
It appears that the markets really want to hit the big 10,000 Dow level. I know that this may sound premature as of right now. First we must close above the SPX 1064 level which appears will happen. Then another push Higher.
I feel that we are limited as to how much Higher we go than to a Correction level that should come soon.
As to the Risk/Reward Scenario I feel compelled to stay in the G - Fund for now.
We are in Earnings period right now and the end of October is End Of Year for wall street so there is also allot of Windows Dressing going on.
It appears that the markets really want to hit the big 10,000 Dow level. I know that this may sound premature as of right now. First we must close above the SPX 1064 level which appears will happen. Then another push Higher.
I feel that we are limited as to how much Higher we go than to a Correction level that should come soon.
As to the Risk/Reward Scenario I feel compelled to stay in the G - Fund for now.
We are in Earnings period right now and the end of October is End Of Year for wall street so there is also allot of Windows Dressing going on.
Gumby
Active member
We have a +1070 print on the S&P
