JTH
Well-known member
I don't always have time to watch all these videos posted on You Tube, but I do always make it a point to watch this guy. Lately, he's been dead on. As always, thanks for posting.
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
Poolman's Account Talk
- Thread starter poolman
- Start date
So will 820 on the downside hold? It did just now on the 1st test.
I'll take a guess and say it won't hold.
I'm staying in G awhile longer.
It has to break out soon. Be it up or down.
poolman
Top Return 2008
We are trading in a wedge formation right now. The S&P is showing support at 820. The wedge was formed to the downside and that usually indicates the direction of the breakout.
I've been trying to figure this out. Last week, The day before the job's report the market's ended down. The day of the job's report the market's also ended down.
I'm just throwing info out that I'm researching.
Now I have a Migraine Headache.
I've been trying to figure this out. Last week, The day before the job's report the market's ended down. The day of the job's report the market's also ended down.
I'm just throwing info out that I'm researching.
Now I have a Migraine Headache.
Anticipation of another very negative jobs report with all the other negativity may be enough to push the market lower.
I'm not stressing now I've pretty much made up my mind I'm out until I see what I think is a nice opportunity.
Looks like there were plenty of buyers at 820 on the 1st test.
Take care Poolman, thanks for the videos.
I'm not stressing now I've pretty much made up my mind I'm out until I see what I think is a nice opportunity.
Looks like there were plenty of buyers at 820 on the 1st test.
Take care Poolman, thanks for the videos.
FUTURESTRADER
Active member
that Charles Nenner character was calling for a 15% rise into mid march
I was hopeful about Nenners' spring 09 rally prediction until I watched that Dec 07 Video. Who knows it would be nice if he was right. He thinks it (rally) will start sometime next week.
coolhand
Well-known member
Some of you guys are starting to see where I'm coming from.
Here's a small piece of todays' analysis I follow:
"Last time, I said that it was and is easy to be a confident Bear (who's not aware of all the nasty problems we've got?). I figured that that's when we need to be more Bullish. The polls including TSP talk's early reading at 58% Bearish, are all generally supportive of higher prices. The Nasdaq has confirmed an IT Buy on breadth, but price has a bit more work to do. The S&P long-term stochastic is flashing a low quality buy, but that could easily improve too. All of this sets the stage for a huge rally. It isn't a lock and it is still quite early, but somewhere in here, we're going to take off. The type of stimulus that they are talking about is huge. This is on top of the refi's that are already working their way through the snake. I need better volume and some more confirmation but if I get it, I'm going to be pounding the table."
Here's a small piece of todays' analysis I follow:
"Last time, I said that it was and is easy to be a confident Bear (who's not aware of all the nasty problems we've got?). I figured that that's when we need to be more Bullish. The polls including TSP talk's early reading at 58% Bearish, are all generally supportive of higher prices. The Nasdaq has confirmed an IT Buy on breadth, but price has a bit more work to do. The S&P long-term stochastic is flashing a low quality buy, but that could easily improve too. All of this sets the stage for a huge rally. It isn't a lock and it is still quite early, but somewhere in here, we're going to take off. The type of stimulus that they are talking about is huge. This is on top of the refi's that are already working their way through the snake. I need better volume and some more confirmation but if I get it, I'm going to be pounding the table."
poolman
Top Return 2008
Looks like we are trading everywhere within the wedge. We get the Big jobs report tomorrow. I'm not going to get in front of this.
Stimulus plan is still up in the air as far passing the way Obama will want it. I believe this narrow trading range will continue until the bottom is tested.
It's not worth my money to trade within a 350 point DJIA range 7850 - 8200. The market is struggling for direction.
Stimulus plan is still up in the air as far passing the way Obama will want it. I believe this narrow trading range will continue until the bottom is tested.
It's not worth my money to trade within a 350 point DJIA range 7850 - 8200. The market is struggling for direction.
Last edited:
FUTURESTRADER
Active member
along with some possible lightening up of mark to market
Frixxxx
Moderator
Great, another bear rally built on hope.....is anyone keeping track of the market indicators any more?
626K jobs lost
factory orders down 3.9%
I don't see the promise of a "bad bank" and a stimulus package only creating ~600 jobs a stimulus. Obama wants taxes to go up
and this won't "stimulate" anything but angry voters.I have kids, and sometimes they had to burn their hands to learn fire does that. I feel like the gov't isn't learning anything and they're getting ready to throw gasoline on a fire before they stick their hand in it.:blink:
wv-girl
Member
Great, another bear rally built on hope.....is anyone keeping track of the market indicators any more?
626K jobs lost
factory orders down 3.9%
I don't see the promise of a "bad bank" and a stimulus package only creating ~600 jobs a stimulus. Obama wants taxes to go up
I have kids, and sometimes they had to burn their hands to learn fire does that. I feel like the gov't isn't learning anything and they're getting ready to throw gasoline on a fire before they stick their hand in it.:blink:
That is what happens when you mix inexperience with tax cheats
JTH
Well-known member
As long as word doesn't penetrate or close above 850ish, I can sit here and watch from the sidelines all day long.
poolman
Top Return 2008
http://www.youtube.com/watch?v=U9Mo3WcCgPg&feature=subscription
http://www.youtube.com/watch?v=JF-Oe98AwFs&feature=subscription
http://www.youtube.com/watch?v=Lcg1IZgKhYA&feature=subscription
http://www.youtube.com/watch?v=cbpl071WVEg&feature=channel
http://www.youtube.com/watch?v=DvozdMS_1As&feature=channel
http://www.youtube.com/watch?v=JF-Oe98AwFs&feature=subscription
http://www.youtube.com/watch?v=Lcg1IZgKhYA&feature=subscription
http://www.youtube.com/watch?v=cbpl071WVEg&feature=channel
http://www.youtube.com/watch?v=DvozdMS_1As&feature=channel
justbizness45
Member
I hear what Schiff is saying and agree, however every other major economy in the world is also printing money, lowering interest rates, injecting liquidity and guaranteeing assets. Won't that tend to minimize deflation of the value of the dollar if all the other currencies are doing the same thing??
coolhand
Well-known member
I'm going to follow up my post here yesterday with one more today, but I won't do it again. Sorry for hijaking your thread poolman, but I have a reason for that. I think you'll like the post anyway.
From my daily analysis:
"Last time, I said that the Nasdaq had confirmed an IT Buy on breadth, but price had a bit more work to do, and the S&P long-term stochastic was flashing a low quality buy, but that it could easily improve too. Well, both improved. We've got a Buy on the S&P that needs a tad of confirmation and the Nasdaq is confirmed. I think it is still quite early, but we need to respect the market. I heard all type of folks talking about complacency. I don't know about you, but I'm not at all complacent about this market. I can see the money and I can see the set up. I believe it. But I'm STILL nervous as a cat. You're likely to hear about the low CBOE P/C ratio. That is NOT a sign of complacency. This is a sign of folks risking less money on calls because they're afraid to commit more money to actually own the stocks. It's actually pretty rational, too. It's not Bearish, however. Now, there may be more work to do, but my charts suggest higher prices on any strength here today. My big worry is the jump in ISEE. We may get some volatility."
From my daily analysis:
"Last time, I said that the Nasdaq had confirmed an IT Buy on breadth, but price had a bit more work to do, and the S&P long-term stochastic was flashing a low quality buy, but that it could easily improve too. Well, both improved. We've got a Buy on the S&P that needs a tad of confirmation and the Nasdaq is confirmed. I think it is still quite early, but we need to respect the market. I heard all type of folks talking about complacency. I don't know about you, but I'm not at all complacent about this market. I can see the money and I can see the set up. I believe it. But I'm STILL nervous as a cat. You're likely to hear about the low CBOE P/C ratio. That is NOT a sign of complacency. This is a sign of folks risking less money on calls because they're afraid to commit more money to actually own the stocks. It's actually pretty rational, too. It's not Bearish, however. Now, there may be more work to do, but my charts suggest higher prices on any strength here today. My big worry is the jump in ISEE. We may get some volatility."
