Show-me Account Talk

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You might be in the drivers seat, Steve Jobs is taking medical leave and Moto is laying off another 4000. Down we go!

I took my profits today at 68.06. I didn't want to be a pig. If I was lucky enough to still be holding it, I would probably be getting rid of it in the morning.
 
Charts look like crap, moving averages are all headed down. Any support developed from this sucker/relief rally is breaking down.

Earnings are dismal. More layoff's every day and they have not hit the jobs report yet.

Consumer is not spending whether they are saving or there is no credit available. Auto makers are begging the dealers to buy inventory only the dealer are not selling what they have on the lot. Chrysler is going down.

Citi needs more capital and fast. Banking sector is going down and there is not enough money to stop it. Too many people want TARP money and they are loosing focus.

Oil found brief support at the 20 dma, but I do not think it will hold. All energy stocks are cheap and I believe will test lows.

Simply put, the moving averages continue down and this means BEAR MARKET. I continue to DCA with contributions and when we retest 741 I will buy a little of that.
 
Charts look like crap, moving averages are all headed down. Any support developed from this sucker/relief rally is breaking down.

Earnings are dismal. More layoff's every day and they have not hit the jobs report yet.

Consumer is not spending whether they are saving or there is no credit available. Auto makers are begging the dealers to buy inventory only the dealer are not selling what they have on the lot. Chrysler is going down.

Citi needs more capital and fast. Banking sector is going down and there is not enough money to stop it. Too many people want TARP money and they are loosing focus.

Oil found brief support at the 20 dma, but I do not think it will hold. All energy stocks are cheap and I believe will test lows.

Simply put, the moving averages continue down and this means BEAR MARKET. I continue to DCA with contributions and when we retest 741 I will buy a little of that.

Yeah and I was the big sucker who got caught up in this rally. I'm old enough to know better than to get impatient like I did. :(

CB
 
I am using my work friends rule on going long in TSP. If the 200 dma is going down, I am out. When it turns back up, I am in.
 
Showme Dearest, If you plug in a "3" and 15" moving average to the SPY chart, I am wondering if we can get a shorttime play on intersection of dma's. In SPITE of the FTRIB TSP restrictions, this may allow a ??? playa ??? to get in on these (bear market rallies). RDKLL
 
I am using my work friends rule on going long in TSP. If the 200 dma is going down, I am out. When it turns back up, I am in.

Although kind of boring that's a sound strategy in this environment and I'm sure it's a lot less stressful then using 2 monthly IFTs to play these dips.
 
Do you see the range on SRS today? What a ride. I pocketed more profits today, but had to eject early again. Don't want to be greedy.:D
 
Showme Dearest, If you plug in a "3" and 15" moving average to the SPY chart, I am wondering if we can get a shorttime play on intersection of dma's. In SPITE of the FTRIB TSP restrictions, this may allow a ??? playa ??? to get in on these (bear market rallies). RDKLL

I like the idea but you could get whipsawed.
 
All this TODAY...

I do remember the market bouncing around quite a bit in 2000.

However, I don't think it was quite like this!

I will be trading withing a range - and then only with the middle 40% of my assets. That is, ranging between 30% CSI and 70% CSI. That still might leave too much at risk...
 
Well, BAC got more money. UNFREAK'N BELIEVABLE! Get the lube out! They asked for more money than they thought they would need and now they are burning through it like drunk'n sailors. More money down the well and the American people don't get it. Keep on eating your corn chips and watching Dancing with the Stars while the government give any future for generations to the corporations that caused the problem in the first place. BRILLIANT! No accountability. You might see a very bitter, sarcastic side of me come our as the medication is starting to loose its potency.

I'm not buying anything long term except my DCA contributions in TSP as the sucker rallies will continue and it is looking like the government will create a trading range and artificial support every time the market starts going down.
 
Well, BAC got more money. UNFREAK'N BELIEVABLE! Get the lube out! They asked for more money than they thought they would need and now they are burning through it like drunk'n sailors.

It's another payment for taking over MER. When that deal happened, I wrote that the price was way too high. It got done because of tax payer dollars. All in the name of economic stability.
 
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