tsptalk's Market Talk

[wavecoder]

if nbc is saying don't buy the dip, then buy it :laugh:

 

[Birchtree]

We're all just livin in the fast lane now.

 

[wavecoder]

gotta be in it to win it :nuts:

 

[Sensei]

Anybody care to weigh in on the direction of PEIX going forward? I have a small stake at $4.19/share, which puts me up a little over 24% right now. I don't think I want to buy any more, but I'm inclined to keep holding to see how high it will go. The 52 week high is a little over $7, and going back to Oct. 2012, there was a huge gap down that never got entirely filled. On the other hand, though, it could go back down to $2.25/share again.

 

[alevin]

Anybody care to weigh in on the direction of PEIX going forward? I have a small stake at $4.19/share, which puts me up a little over 24% right now. I don't think I want to buy any more, but I'm inclined to keep holding to see how high it will go. The 52 week high is a little over $7, and going back to Oct. 2012, there was a huge gap down that never got entirely filled. On the other hand, though, it could go back down to $2.25/share again.

I got me some PEIX, the newsletter guy who recommended it hasn't advised selling yet, so I'm holding on for time being. don't want to be greedy tho so prepared to bail when he says go.

 

[wavecoder]

biotech sector (BIB) is going off right now. wonder how high it'll go?

 

[tsptalk]

Nice chart, and new breakout, but nearing resistance. Looks like one to buy on the dips.

BIB

 

[tsptalk]

Any thoughts on this chart I have been posting the daily commentaries? Foolish comparison, or something more?

 

[Birchtree]

The red line is going to cut through the black line like a knife through butter. The economic data looks good to propell a further bullish rampage.

 

[tsptalk]

We'll find out if you are the next John McCain when it comes to predicting the economy vs. crisis.

 

[jkenjohnson]

My 2 cents worth. The 1929 crash was attributed to agricultural issues throughout the country. Don't think we have that at the present time. Interesting though. Please keep updating and we should know the answer in the near future.

 

[WorkFE]

If only we could actually predict those accurately

 

[law87]

Any thoughts on this chart I have been posting the daily commentaries? Foolish comparison, or something more?

I seen so many type of these charts and so many "Omens" last year that I'm starting to think they are just coincidence but nothing predict the future like "dont fight the fed"

 

[wavecoder]

The red line is going to cut through the black line like a knife through butter. The economic data looks good to propell a further bullish rampage.

I'm on board with Mr. Bull-Tinky :nuts:

 

[tsptalk]

Good observation, FWM, regarding the scale.

And obviously, to those who have mentioned it, the situation is different today than in 1929. I think the internet was a lot slower back then. But it's the TA chart formation that is of interest to me. A head and shoulder pattern is a head and shoulders pattern whether in 1975 or 2014.

This one happens to be called (thank you CrabClaw) Three Peaks and Domed House.

More info: http://www.tradersdaytrading.com/3-peaks-and-a-domed-house.html

 

[Cactus]

If we keep seeing that chart often enough, it will turn into a self-fulfilling prophecy: The market will crash because we all pull our money out believing it will. As for me, I think someone is trying to scare enough of us out so the market can go higher. Am I too bullish for you? Remember I am a contrary indicater.

 

[Dutchy]

If correct this would make for a very volatile Market his year... Financial stability concerns emerge from shadows at Fed - Capitol Report - MarketWatch

 

[MrBowl]

Considering how the F Fund fell today, did the 10-year go back over 3%?

the bond market should give us the warning signs of any upcoming trouble, if we are watching

 

[tsptalk]

Considering how the F Fund fell today, did the 10-year go back over 3%?

2.993%

 

[DreamboatAnnie]

If correct this would make for a very volatile Market his year... Financial stability concerns emerge from shadows at Fed - Capitol Report - MarketWatch

Thanks for good article Dutchy. At your link, I found another read that is also interesting....provocative in stating Fed is not running the show, and the Strength of the dollar is the driving factor for FY 14.. So USDJPY should be monitored (dollar to yen).

The single most important price to watch in 2014 - Outside the Box - MarketWatch