Market Talk

**Spaf** · 05-01-2005, 05:17 AM

The Kingdom of TSP

Sunday

Market Weather, Doodles, Tea Leaves & Yak Date May 1, 2005

Market Weather.

-> www.businessweek.com
-> www.reuters.com
-> www.briefing.com/Silver/InBrief/PageOne.htm

Weather: Follow-Up: Last week news of the capture of Energy Horseman. Horseman fell $2.05, tumbled from horse and was arrested by valley musketeers :u. Horseman to be transfered to Valley jail on Monday, and arrained before JP. DA to charge Horseman with terrorism of market.
Lube at market closed Friday under $50 at $49.72. Valley folks threw big party in afternoon, learning of the capture of the Energy Horseman. Concern now is if Horseman can be kept secured in jail. Other Horsemen still roaming and may attempt to effect jail break :%. Local Sheriff seeking volunteer musketeers to help guard jail :#.

Doodles, and Tea Leaves.

-> www.money.cnn.com/markets/morning_call/
-> www.markets.usatoday.com/custom/usatoday-com/html-markets.asp

Doodles: S&P was at 1156.85, up +13.63
CMF money flow was at -0.021, rising.
RSI strength was at 46.3, rising.
MACD moving averages were at -8.91, rising, also at crossover.

Attachment: S&P chart (3mo.) ending 0429. Added: 50dMA.

Tea Leaves: Market changes :}very possible! However, Warning: Do not let oil get out of can! Screw cap on tight! Oil can be hazardous to your TSP :s!

Yak.

Remarks: Holding 50/50 (equities in C-fund)

.

Rgds, and be careful!

Spaf

**learning** · 05-01-2005, 07:25 PM

Someone asked to be notified when minutes of Fed meetings will be coming out. Three weeks from Monday or Tuesday I believe they will be coming out. They release the minutes three weeks after they have their meeting. The meeting is done before they talk to congress. Greenspan will be talking this week they should release the minutes in three weeks from this week. The minutes will be about what they talked about before Greenspan talks. Now, it appears to me the minutes have only had been feltonce so for. That was in January and I could be wrong. The minutes are suppose to be released to help the market get a better feel for where things are going. I suspect they are more careful in their minutes then they were the first time.

**Spaf** · 05-02-2005, 12:34 AM

Economic Calendar

Dates and forecasts of upcomming economic releases at briefings.com

http://www.briefing.com/Silver/Calen...icCalendar.htm

**learning** · 05-02-2005, 01:32 AM

Thanks Spaf. :^ There it is. Minutes come out on May 24th.

**Spaf** · 05-02-2005, 04:24 AM

learning

Just hope that OIL stays in the can. If he gets lose! Well

Rgds!

Spaf

**pyriel** · 05-02-2005, 05:15 AM

Spaf wrote:

learning

Just hope that OIL stays in the can. If he gets lose! Well

Rgds!

Spaf

Somebody throw that can opener cause i am 100s right now...

**MR CARLO** · 05-02-2005, 05:49 AM

Don't look back. A new day is breakin' It's been too long since I felt this way. I don't mind where I get taken. The road is callin' Today is the day. I can see. It took so long to realize. I'm much too strong.

dylanomics

**pyriel** · 05-02-2005, 11:41 AM

Let me see... Oil is down, stox are starting off higher today, tomorrow is the announcement from the fed, asian countries are downplaying the North Korea situation.... Hmmmm... stox should go up today, right??? :^

**The_Technician** · 05-02-2005, 12:12 PM

pyriel wrote:

Let me see... Oil is down, stox are starting off higher today, tomorrow is the announcement from the fed, asian countries are downplaying the North Korea situation.... Hmmmm... stox should go up today, right??? :^

Kinda wondering on the moving averages crossing here......as well as the price breaking the longer average

Having problems getting the image pasted......dang......well take a lookat the 50 and 200 day averages crossing on the S&P 500...

I'll feel better when a couple of things happen......we get a drop or when this month is over....don't forget Friday the 13th is this month...a spooky market and a spooky day may not mix....just another reason for weird things to happen....

The Technician

**The_Technician** · 05-02-2005, 12:43 PM

http://money.cnn.com/2005/04/29/news...look/index.htm

Check this link out for the upcoming Fed meeting this week....it kinda keeps things in perspective....

Dave M · 05-02-2005, 01:33 PM

I don't think the market has any real steam behind it. Do you? If my thinking is correct, today will be mixed on middlin' volume as the Big Boys await tomorrow's word from the Fed. That is, a narrow move on the S&P will occur, say 5 points in either direction.

But then tomorrow has real potential. If the Fed comes out with the standard 1/4%and the standard language, "measured" etc, then tomorrow could be a very good day as the money rushes in to fill the void.

I am out today, 100G. So the question I have to answer is, -- before 1145 AM EDT -- will tomorrow be an up day and how much of my kitty do I want to put on the line? Fun.

Dave

**The_Technician** · 05-02-2005, 02:01 PM

Since around the 20th of April....I've notice that the S&P market has finished the majority of the time on the high.....

I've got various term stochastics showing that they are rising but is the general market rising.....no.....so I wonder.....is that good..??? Its very unusual....

I believe someone brought up the other day that the market is day to day instead of cycling over every 3-5 days.....that is unusual.....certainly easy to get yanked ....:shock:

I still caution everyone until things settle down some ......this market action is weird.....no matter what the Fed meeting says....I believe "Stagflation" has settled in already.....and that isn't good.....:shock:

We'll get out opportunity soon enough....no sense in getting in a rush for a month....:^

But you right I also think the market today will be mild.....

The Technician