Show-me Account Talk

[robo]

Funny!

Robo


February 19, 2008
Getting Rid of Bears

http://www.slopeofhope.com/

 

[Show-me]

The bear pics are excellent. Hope the guy is OK.

After reading a number of articles I decided to remove my stop for now. Great job on your trade!!!

 

[Show-me]

Hey Robo,

From the looks of things now, you nailed this one. CPI in the morning, come on COLA.

 

[Show-me]

 

[Show-me]

 

[Show-me]

Symmetrical triangle, symmetrical triangle, symmetrical triangle.

 

[Show-me]

 

[Show-me]

http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=1&mn=0&dy=0&id=p41451426749

Check out the Trans, it can not break resistance. The market is coiled and ready to POP. UP or DOWN?

I removed my stop the morning and was able to preserve my position and at this point I am maintaining a 2.151% on that position. Tomorrow is another day.

CPI is the big event of the day for me and I will be right here. Good night and good luck!

This is so cool!

 

[Show-me]

Papa Roach - Forever

 

[Show-me]

I just noticed a pattern on the $spx chart. http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p22374758412

Dec. 18 correlates to Feb. 7 the low of a second rally attempt.

Almost identical chart pattern with one minor anomaly.

A top above the 20 day sma on Dec. 26 that correlates with a top on Feb. 13 that also is just above the 20 day sma. Then a down day, a up day, and another down day. Then followed by a run to a new low.

Mirror image spread over eleven day if you include the two previous down day before the tops. Unbelievable! Now will it follow the previous down trend.

 

[350zCommTech]

http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=1&mn=0&dy=0&id=p41451426749

Check out the Trans, it can not break resistance. The market is coiled and ready to POP. UP or DOWN?

I noticed that too....

I vote DOWN!!!!

 

[Corepuncher]

I noticed that too....

I vote DOWN!!!!

I'll second that prediction!

 

[Show-me]

Oppenheimer's Technical Chief thinks down too

 

[Show-me]

What happened today? Nothing but bad data starting with CPI, housing starts, and rapping up with the Fed minutes revising the GDP estimate down and the inflation estimate up. Oil over $101 and the market rallies up big in about 30 minutes.

 

[Show-me]

 

[Show-me]

 

[Corepuncher]

What happened today? Nothing but bad data starting with CPI, housing starts, and rapping up with the Fed minutes revising the GDP estimate down and the inflation estimate up. Oil over $101 and the market rallies up big in about 30 minutes.

Combine this bad news with the bad news last week. I feel the spring is loading.

IMO, the FED screwed us out of a good capitulation day. I do not believe we can truly move forward, at least intermediately, until we have a good cleansing.

 

[hessian]

Hi Show-me,
Been reading your posts, & watching, but haven't posted lately. I watched the videos today. I'm missing Oscar though - where'd he go? On vacation? -just when we need him! Basically, I've been asking same questions -& doing other reading/learning -trying to get balanced perspectives, even "Ferdinand's".
Anyway, again today, I watched as alot of folks jumped in (at least part %'s), but I remain unconvinced - heres why:

First, I liked your post on the Dow Transportation Avg, i.e., not breaking resistance (I recall this was one of Oscar's key signs);

Next, even with today, we are still within the triangle pennant, and I personally think that although today was a good attempt by buyers, I think tomorrow sellers may just take it all back -and then some...
Today, it was said that "The Financials" got it started going up, and by my conspiracy theory, these same institutional crooks will sell it off/take all the "little-guys" money as profits tomorrow/Friday.

There's still too many mixed signals, and bad news to come out (the FOMC minutes even said they expect there's alot more to resolve all this!).

Uptrend's mini-head&shoulders, I think is still looks valid -even with today's 10 pt rise.

Bottomline, I'm sticking to my guns. Even if there is a small rise/break above tomorrow, there is much, tough resistance close above -that would again act to cause reversal back down.
And, if I'm wrong, I only miss a few % (as opposed possible new losses) - IMO, risk/reward, in rushing-in, just doesn't seem worth it to me -yet.
- This is about as close as I care to get to giving advise yet -just consider it my ramblings!
VR

 

[TRUEHONEST]

Court Says 401(k) Participants Can Sue
http://abcnews.go.com/Business/PersonalFinance/wireStory?id=4316440

Where can we send this article who is in charged of limiting our IFT per month and in charged of promoting snailmail scare tactic when we exceed more than 3 IFT per month?

All of us should send Articles like this to scare them, to let them think twice before doing idiotic move, to let them know we mean business, and etc...

I know it is a little bit to late to protest and I know they are stubborn like MULES they are.

 

[Show-me]

Corepuncher and Hessian,

The market is kicking my butt right now with all the bad and it goes up. JC Penny reported earning this morn and smoked the street estimate. I did get the Dow Trans thing from Oscar and I don't know what happened to him.

TRUEHONEST,

I passed your information on. Thank you.

Note: JC Penny

J.C. Penney 4Q Profit Falls 10 Percent- AP
Department store retailer J.C. Penney says its fourth-quarter profit fell 10 percent due to a shorter quarter. It also predicts 2008 earnings below Wall Street expectations, amid a weak consumer spending environment.