Market Talk

**Spaf** · 05-08-2005, 05:19 AM

The Kingdom of TSP

Sunday

Market News, Doodles, Tea Leaves, & Yak Date: May 8, 2005

Market News.

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

Market Talk: Townsfolks petition local JP. Local justice of the peace let Krude out on bail last week and lube prices have inched up to 50.96 a bucket. Townsfolks wanted Krude to stay in the jail can. However, Krude was defended by lawyer Slick, who got Krude out on bail. Now local stable owner holding Krude's horse "Fill-er-up" says horse is eating all the hay. Wants town to pay extra tax for keeping horse. Argues that 1st-quarter farm yields were good, of 437 acres, 67% had above average yields, 14% matached yields, and only 17% had below average yields. Due to good farm earnings townsfolks should share expenses! Townfolks want JP to revoke Krude's bail and give OK to sell his horse.

Trends, Doodles, and Tea Leaves.

Trends: Fields projecting favorable earnings.

-> www.money.cnn.com/markets/morning_call/

Doodles:
S&P was at 1171.39 dn -1.28 on Friday.
CMF (money flow) was at 0.001, falling slightly.
RSI (strength) was at 52.2, falling slightly.
MACD (trend) was at -2.67, rising bullish.
STO (momentum) was at 89.28, rising.

Attachment: S&P (3mo) chart ending 05-06:50dMA, RSI,MACDand STO.

Tea leaves: Green, with caution. See Remarks.

Yak.

Remarks: Holding 0/100 (IFT to 40C, 40S, 20I).
The market has advanced off the April lows 1137 (S&P), with positive momentum. Caution is that market will still be within a trading range. When and if considering a bullish primary movement confirmation, the market will need to pass the previous higher high of 1225 (S&P) established on March 7th.

**teknobucks** · 05-08-2005, 12:24 PM

just discovered free week...... ended today however:

http://www.safehaven.com/article-3040.htm

**teknobucks** · 05-08-2005, 12:35 PM

http://stockcharts.com/def/servlet/F...t?obj=ID445101

http://stockcharts.com/def/servlet/F...t?obj=ID641835

http://stockcharts.com/def/servlet/F...t?obj=ID648573

fwiw just find these interesting to read....do not reccommend any per se.

tekno

**fuzzduzz** · 05-08-2005, 11:48 PM

Spaf,

I see a possible bottoming head and shoulders pattern there next to your double bottom.

fuzzduzz

**Spaf** · 05-09-2005, 02:19 AM

fuzzduzz wrote:

Spaf, I see a possible bottoming head and shoulders pattern there next to your double bottom.

Correct. The chart patterns held their indications. Friday the 29 of April we had the 13 point bounce in the S&P. Remember oil dropped that day too! Technicals (charts) backed up the Fundamentals (economics).

Rgds!

Spaf

**teknobucks** · 05-09-2005, 03:55 AM

LOL

http://traders-talk.com/mb2/index.php?showtopic=34464

perhaps some of you that have dial up andwish to have this site (and probably the whole internet 4 that matter)throttled back 2 your speed should consider the tin foil beanies. :shock:

seriously not having high speed at this pointis like reading a book by candle light. for those in areas not covered by a high speed isp i feelyour pain.

for those in north america pleeeaaassseee consider dsl, cable, T1, or sat ASAP....you are really missing out on one hell of a service. being able to watch a real time video of your kids/grandkids is priceless!

**teknobucks** · 05-09-2005, 03:57 AM

PUNDITZ:

The Dow Report
by Tim W. Wood
May 06, 2005
http://www.financialsense.com/Market/wrapup.htm

Global: China Needs a New Anchor
by Stephen Roach
May 06, 2005
http://www.morganstanley.com/GEFdata/digests/latest-digest.html

Interview with Carl Swenlin
by Ike Iossif
May 6, 2005
http://decisionpoint.com/interviews/050506_iossif.html

A Stable Disequilibrium
by John Mauldin
May 07, 2005
http://www.safehaven.com/article-3035.htm

and

http://www.safehaven.com/pdf/050905gayer.pdf

**MR CARLO** · 05-09-2005, 07:21 AM

Also a cool sight

http://www.stocktiming.com/daily.htm

tekno - Your giving me eye strain. Keep posting

My evaluation of the S&P 500. A couple days of wild up and down trends ending on the down side. Then thursday or friday, an up frenzie showing some gains. Chances 50/50 of being right.

Good luck to all.:^

**The_Technician** · 05-09-2005, 12:26 PM

Well, last week I indicated that we had hit a peak...it just took a couple of days for it to stop climbing...

We have this week Friday 13th coming up......it kinda gives you the ibbby jeebies.....:s

I will continue to stay out of the market....until the first week of June I believe....

Still currently 100%G.:^

By the way, I'm not superstitious....but others may be.....Monday the 1st is rare also!!!

The Technician:dude:

**ou81200** · 05-09-2005, 12:43 PM

Yes---

G-funds is probably the place to be today.

**RonSturgill** · 05-09-2005, 01:26 PM

Still being a little shaken up over all of the loss I've seen in my account I still hold a little G just in case.

**The_Technician** · 05-09-2005, 02:59 PM

RonSturgill wrote:

Still being a little shaken up over all of the loss I've seen in my account I still hold a little G just in case.

Market action this morning is depressing...

..my rate of accumulation is way off.....looks like we are turning the market head to the downside.....of course I can't say how much at this point, could be 100 points on the S&P or just several.....

Still, we have Friday looming over us this week.....I've got concerns stretching out until end of month, but this week is one of my major concerns this month....:?

The Technician:dude: