July Try underway

[USGubmintGenEnginer]

long 70% c fund, 30% S fund as of cob 7/3. That may have been the I/T bottom for the r2k. Patterns allow for one more swing lower over the next week but questionable prior to a tradeable corrective rally. It would help for crude to consolidate below 140 and continue the correction. Any break below 130 should breathe a few weeks life into the equities. A break above 140 that holds would most likely place the equities back in their strong downtrend.

Lets hope we consolidate here and gather some confidence. Yahoo's breadth metrics have been horribly inaccurate for nyse for the past week or two. Hope they get this problem fixed. We need breadth to improve and improving pm price action. Until this happens need to be suspicious, but I've learned in the past that when we get in at what appears to be an opportune moment it's best to let the market take you out.

USGGE

ADVANCES & DECLINES
NYSEAMEXNASDAQBBAdvancing Issues2,287 (65%) 664 (50%) 2,048 (67%) 501 (29%) Declining Issues1,130 (32%) 581 (43%) 866 (29%) 749 (44%) Unchanged Issues82 (2%) 92 (7%) 121 (4%) 462 (27%) Total Issues3,4991,3373,0351,712New Highs141938160New Lows459119347274Up Volume154,816,295 (9%) 1,294,751,377 (76%) 1,876,164,526 (74%) 616,258,748 (27%) Down Volume1,628,137,518 (91%) 400,110,758 (24%) 649,217,377 (26%) 1,181,659,994 (52%) Unchanged Volume13,753,567 (1%) 7,163,471 (0%) 7,784,793 (0%) 490,443,421 (21%) Total Volume1,796,707,38011,702,025,60612,533,166,69612, 288,362,1631

[USGubmintGenEnginer]

Still long. Hummm, does this mean I'm a B&H guy?

USGGE

[luv2read]

looooong way to go to match the permabull. :D

and Hello!

[Birchtree]

USGEE,

Would you like a tee shirt that says: Friends do let friends buy and hold?

Dennis - permabull #1

[tsptalk]

Would you like a tee shirt that says: Friends do let friends buy and hold?


LOL! I'll have to order a new batch of shirts. But with friends like that, who needs enemies?

[USGubmintGenEnginer]

Yesterday was a very good conference study. All my indicators pointed to a spooky 1 or 2 day pullback with a low probability of it going 3 days. In years past I'd pull out of a trade with those conditions. Watch the buck, it should drive the driver of these equity markets for a while here anyways. Doing well in all areas except o&g investments which, at least for me, aren't equities. Shorties will reluctantly give in as the noose is tightened.

USGGE

LOL! I'll have to order a new batch of shirts. But with friends like that, who needs enemies?

[luv2read]

If the Russia/Georgia thing lasts any length of time energy stocks will shoot up...and Birch has been B&H all to the good...

[USGubmintGenEnginer]

hehe :laugh::laugh:

Seems I have to learn all lessons the hard way, Birch, and usually it takes about 3 times to get the point. :o
Ms Market is the boss, and I accept this fact.

You see the things happening to try & prop the POO, don't ya? Isn't working at least today. Interesting its the Rooskies taking the lead with Nigeria & a few others chiming in. Ms Market will show 'em whose boss. :toung:

USGGE


USGEE,

Would you like a tee shirt that says: Friends do let friends buy and hold?

Dennis - permabull #1

[USGubmintGenEnginer]

Hello, luv. More smiling faces when the equities are pointed from lower left to upper right.. :)

We are all still learning and that will always be true for those of us who stick with it. RUT up 9.8% since 7/3 close while SPX less than 2% :(

Oh well, at least the G fund is up much less than either.

Don't be such a stranger!

USGGE

looooong way to go to match the permabull. :D

and Hello!

[USGubmintGenEnginer]

B&H has worked very well IFF you market timed & B'ed the C fund on COB 7/15 or the S fund on 7/3. :laugh:

Did you guys notice the article that came out Monday morning? :nuts::nuts: That contrary indicator el-extraordinaire nailed the bottom with his bearishness. LOL What a putz! And what an incredible disservice to the lemmings who follow such petheticly misguided leadership.

USGGE



If the Russia/Georgia thing lasts any length of time energy stocks will shoot up...and Birch has been B&H all to the good...

[tsptalk]

Did you guys notice the article that came out Monday morning? :nuts::nuts: That contrary indicator el-extraordinaire nailed the bottom with his bearishness. LOL What a putz! And what an incredible disservice to the lemmings who follow such petheticly misguided leadership.
Do you have a link? ty

[USGubmintGenEnginer]

July Try is closed out as of COB 8/12/03.

USGGE

[USGubmintGenEnginer]

Will start new thread when the August Assault begins.

The Joon Swoon set my TSP account annual target a bit behind, but still possible to make it with one or two exceptional months. Looking kinda iffy at this point, isn't it?

How are you guys doing to your target?


USGGE