The Retirement Kingdom
August 2007 Edition
Sunday August 05, 2007
Yak, Le Charts, Doodles, Tea Leaves, The Tin Box and The Lilly Pad
Kingdom Yak:
Yak.....................................The words are "capital preservatiom"!
A while back I wanted to make to make up some salsa for tacos! I had used up my jalapenos so I tried to make the salsa with some habanero chile peppers....Wrong!....Everyone ran to the water bucket!
The recipe has to be right for the market. Now it's all wrong, so it seems! The season is unfavorable, there is worry that bad credit will weaken the economy, there is a housing problem, energy is still a crisis, earnings haven't been reinvested and the Fed still has the high interest rates.
Moving averages are bearish and the Bollinger Bands still indicate greater volatility.
Doodles:
Stops................................................Alert (-1%).....Trail (-2%)
.....SPX....1433.06 -25.89 for the week....00000............00000
Lube (NYMEX) Closed at..............75.48 -1.54 for the week ending...
NYMEX
Oil Markers................................<65= ok, 65-75= worry, >75= panic (maybe).
Tea Leaves:
Yakndoodles...............................Observation and patience.
Tin Box.
TSP (week ending)........G=12.05..F=11.40..C=16.02..S=19.21..I=23.64
.......(end of 2006)........G=11.71..F=11.14..C=15.69..S=18.76..I=22.22
The Lilly Pad
Location....................................100%-G.