Poolman's Account Talk

[fedgolfer]

I want to see this movie.

... Looks good! And on the fiction side, Gordon Gekko gets out of prison in April. Money never sleeps.

 

[JTH]

Great link on the jobs report.

http://www.youtube.com/watch?v=CGSxqN9Y9zc

 

[poolman]

Thanks JTH for posting the Vid below.

http://www.veoh.com/browse/videos/c...tch/v19724508shETS3FY#watch=v19766175ptADGkSm

You can fast forward in this post if you watched jth's vid.

 

[poolman]

The Market's are playing out as I expected. After the last fall of last Friday the Dumb money went to work. This worked for two trading day's. Some TA suggested we retest 1115 - 1130 S&P. I never thought this was going to happen and I still don't.

I think we will drop below 10,000 by tomorrow's close. The stilts are breaking that are holding the markets up and the truth looks awful. I don't know if the printing presses can print as fast as our deficit is rising. I'm looking for 9850 very soon. This is my theory and how I see it. It's a strong Hypothesis and I could be wrong. Do what you want to do.

 

[coolhand]

The Market's are playing out as I expected. After the last fall of last Friday the Dumb money went to work. This worked for two trading day's. Some TA suggested we retest 1115 - 1130 S&P. I never thought this was going to happen and I still don't.

I think we will drop below 10,000 by tomorrow's close. The stilts are breaking that are holding the markets up and the truth looks awful. I don't know if the printing presses can print as fast as our deficit is rising. I'm looking for 9850 very soon. This is my theory and how I see it. It's a strong Hypothesis and I could be wrong. Do what you want to do.

I can't help but wonder how much "bad news" the market can take and for how long. Contrarian indicators are hardly a lock on the future. And this is way beyond a "wall of worry".

http://www.marketwatch.com/story/banks-10-billion-problem-loan-repurchases-2010-02-03

 

[JTH]

I never thought this was going to happen and I still don't.

You switched to DOW in mid stride why the suspense?


GAP FILL

View attachment 8186

 

[poolman]

You switched to DOW in mid stride why the suspense?


GAP FILL

View attachment 8186

I didn't mean to do that. Last thing I was looking at.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=8&dy=0&id=p46264279523&a=165418056

 

[poolman]

I didn't mean to do that. Last thing I was looking at.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=8&dy=0&id=p46264279523&a=165418056

Feels Like Shoots and Ladders don't it.

I ride the Shoot.

Don't you love how they say to buy Gold on all the infomercials.

Gold's a Bust.

 

[JTH]

Feels Like Shoots and Ladders don't it.

I ride the Shoot.

Don't you love how they say to buy Gold on all the infomercials.

Gold's a Bust.

Yes those Gold bugs have been rather quiet as of late, but the Gold barons are still cranking out the hype. Amazing, I've learned a few things the hard way and one of them is to never pick a bottom...

FYI, your YTD G-Fund allocation just looks better every day!

 

[Silverbird]

Well, you can tell the gold prices are a joke with jewelery stores going into the business of taking old jewelery. That means gold prices are wayyy over what its perceived value in the end product (jewelery) is.

 

[poolman]

Yes those Gold bugs have been rather quiet as of late, but the Gold barons are still cranking out the hype. Amazing, I've learned a few things the hard way and one of them is to never pick a bottom...

FYI, your YTD G-Fund allocation just looks better every day!

We will have better day's to get in ahead of us. This Game takes an amazing amount of patience. I missed everything last year because my Heart was not in it.

I have to run to Home Depot and get some supplies for the weekend. We are suppost to get 16 - 24 inches of snow starting tomorrow afternoon.

 

[poolman]

The Fight now will be to hold Dow 10,000.

It's seems like yesterday when CNBC all wore the baseball caps when we hit Dow 10,000.

Break out the Dow 9000 Caps... :notrust:

 

[JTH]

The Fight now will be to hold Dow 10,000.

It's seems like yesterday when CNBC all wore the baseball caps when we hit Dow 10,000.

Break out the Dow 9000 Caps... :notrust:

Ugly to see, but on the hourly charts prices are well below all the major moving averages. To top it off we appear to be pushing lower to end the day.

View attachment 8192

 

[poolman]

Is this Possible ?

Darn Tootin it is. Don't forget this.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3186525&cmd=show[s186134880]&disp=P

 

[poolman]

< Dow 10,000


BAM

 

[JTH]

< Dow 10,000


BAM

You beat me to it...
View attachment 8193

 

[poolman]

You beat me to it...
View attachment 8193

You little Squeaker.

I'll be back. Picking up my daughter then

I need to do some serious analysis.

Could we possibly ?

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3186525&cmd=show[s186134880]&disp=P

 

[Guest2]

Got any Chips for this Dip ? Ouch !

 

[poolman]

Got any Chips for this Dip ? Ouch !

I'm glad your hiding out in the Garage Squalebear.

It's the best place to be imo right now. I feel like sleeping good this weekend.

 

[Birchtree]

I actually like the tension this market creates - helps to keep the majority from participating. You just have to be able to absorb the hedge fund trauma. Lily padders may get a serious case of rubber neck strain tomorrow.