Thread: MARKET WATCH

Well I fix the problem I had this morning.....I'll never live it down.....

Market wise, I'm looking for the next day or two to kind'a hang.....we'll get going again I believe right after that....

I think I have awaken now.......

The Technician

Murphys' Law at its' Best Today

Where do we go from here???????????????????? :%:@:%:#

I think I'll take a clue from this character:

Tomorrow I will start a new thread to replace this one. I only have a few things to say tonight. It is hard for me to remember when the markets have been beaten down so, given the earnings beings reported, inflation not out of hand and stocks being way under valued.If today didn't put panic intomotion, I hate to think where the bottom might be. If we do not see a rally by tomorrow afternoon, things are going to get really ugly. Tomorrow morning I will be going 100% into C, S or I, which ever one I think will return me the most starting Friday. Rememberwhat I said a couple of days ago about an injured snake, well that is where the market is at now. It is do or die time!!!!!!!!!!!!!!!!!!!!!!!!!!!!!An what I see is ---------- a confused bear.

tsptalk wrote:

CSI wrote:

Now all we need is some good follow thru earnings tonight and tomorrow.

I think we got it! Intel and Yahoo reports were impressive. The bears who are short may bescrambling Wednesday to cover. Could be a big day (unless I say it will be, so I won't ).

I guess inflation trumps earnings.

CSI wrote:

Tomorrow I will start a new thread to replace this one. I only have a few things to say tonight. It is hard for me to remember when the markets have been beaten down so, given the earnings beings reported, inflation not out of hand and stocks being way under valued.If today didn't put panic intomotion, I hate to think where the bottom might be. If we do not see a rally by tomorrow afternoon, things are going to get really ugly. Tomorrow morning I will be going 100% into C, S or I, which ever one I think will return me the most starting Friday. Rememberwhat I said a couple of days ago about an injured snake, well that is where the market is at now. It is do or die time!!!!!!!!!!!!!!!!!!!!!!!!!!!!!An what I see is ---------- a confused bear.

• The first quarter earnings have not been effected by the $2.50/ga gas. High $$$ gas is here to stay.
• The first of the baby bloomers are turning 59 1/2 and starting to take their money out of the stock-market.
• I wonder if the Bush team did not push the market up last year for the election and now letting it fall to where it lands/should be.

I can see the S&P500 being down to 900 by labor day.

The price of oil trumps everything else.

Market finally is waking up to realize that $60 a barrel is going to affect a lot of segments of the market, and $60 was not a fluke, but a new area to linger in.

Plus, I saw my local gas station jack up the prices yesterday by 20 cents a gallon.

Adminstrator- you made a good call on the swtich to G- I was later than you and only managed to move from 40% to 80% in G as of yesterday. But today shows that downward move you've looked for to mimic the 94.



Nicely tucked into G, so now we have to start thinking where is the bottom going to be, so that we get a good in-point.

Admin- what do you think the downside will be? 15% lower?



JP

James48843 wrote:

Admin- what do you think the downside will be? 15% lower?

If the 1994 comparison holds, I look for a test of the prior dip, ~ 1150 on the S&P.

...Or you can get in 2 weeks afterI get in. That seems to be a good system. I need to hit the snooze button a couple of times and not get up at the first sound of the alarm.

there is the correction we needed!!!

greg wrote:

CSI wrote:

Tomorrow I will start a new thread to replace this one. I only have a few things to say tonight. It is hard for me to remember when the markets have been beaten down so, given the earnings beings reported, inflation not out of hand and stocks being way under valued.If today didn't put panic intomotion, I hate to think where the bottom might be. If we do not see a rally by tomorrow afternoon, things are going to get really ugly. Tomorrow morning I will be going 100% into C, S or I, which ever one I think will return me the most starting Friday. Rememberwhat I said a couple of days ago about an injured snake, well that is where the market is at now. It is do or die time!!!!!!!!!!!!!!!!!!!!!!!!!!!!!An what I see is ---------- a confused bear.

• The first quarter earnings have not been effected by the $2.50/ga gas. High $$$ gas is here to stay.
• The first of the baby bloomers are turning 59 1/2 and starting to take their money out of the stock-market.
• I wonder if the Bush team did not push the market up last year for the election and now letting it fall to where it lands/should be.

I can see the S&P500 being down to 900 by labor day.

come on greg..... 900.

i'll bet ya a big bottle of patron that we will not see 900 anytime this year.

tekno