Market Talk

**Rolo** · 10-11-2005, 11:20 AM

Skip wrote:

next stop
1177 ?

I said 1178 with a different analysis, so sounds good! I still wouldn't rule out ~1140.

The question is: is everything still going to follow as it appears to have all last week?

**vectorman** · 10-11-2005, 11:21 AM

Looks to be a good day for the I fund.

NIKKEI 300 (^N300)......... 7.09 (2.67%)

http://finance.yahoo.com/q?s=%5EN300

European market....http://www.cnbceurope.com/markets/

**The_Technician** · 10-11-2005, 11:41 AM

I noticed our accumulation on the S%P is back to April May time frame in which the levle was 1152......now with the price in the 1180's and going down, it should reveal to you how much has been sold off at higher levels...those investors are left holding the bag...

Still Slip sliding away....

Don't be left holding the emptybag...

MM....I love your avatar....

:^

**mlk_man** · 10-11-2005, 12:21 PM

:u

**The_Technician** · 10-11-2005, 01:14 PM

Inventory report

[align=left]Actual
0.5%

class=econo-sectiontitleHighlights
Still several weeks to go before Katrina-impacted inventory data are available, but today's data show a sharp 0.5% rise in wholesale inventories during August. But sales at the wholesale level rose even more, up 1.3% and pushing down the inventories-to-sales ratio to an even leaner 1.17.

The Commerce Department made no adjustments for Katrina, noting that a solid 64 of 66 surveyed firms in the area reported back their results.

The inventory-to-sales ratio for autos fell a sharp 8 tenths in the month to 1.30, its lowest level in three years. The data reflect the effects of the summer's strong incentive push.

Lean inventories going into Katrina may now be forcing firms to bid up prices for supplies (especially manufacturers as evidenced by Monday's ISM report). [/align]

Inflationary...??? Wonder where the money is coming from in the next several months....I'm sure alot of households are just played out of extra cash.....

:dude:

**The_Technician** · 10-11-2005, 01:58 PM

I see we have the RevShark with us now.....boy, you're the last person I thought I'd see here....

Since you're here I might as well ask you if he remembers a person with the handle of "Dancing With Wolves" (not the movie Dances with Wolves)....I'm am one in the same....and I have sharpened up my tools quite a bit since then..........

The Technician :dude: (DWW)

**The_Technician** · 10-11-2005, 02:58 PM

OH....its early on this morning...let me repost this grammar error....

I see we have the RevShark with us now.....boy, you're the last person I thought I'd see here....

Since you're here I might as well askif you remember a person with the handle of "Dancing With Wolves" (not the movie Dances with Wolves)....I'm am one in the same....and I have sharpened up my tools quite a bit since then..........

The Technician :dude: (DWW)

**Spaf** · 10-11-2005, 09:16 PM

The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date: Oct. 11, Closing

Market News.

Kingdom Talk:. Horseman Krude spooks Vestors! Gains sink in rising lube.

Elsewhere:.... Positive earnings were not todays catalyst.

Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closed at..............1184.87, dn -2.46
CMF (money flow)..at.-0.180, dn
RSI (strength) at.......31.8, dn
MACD (trend)....bearish
S-STO (signal)...oversold
P-SAR (signal)...bearish
ROC (change)...bearish (-2.50)

Light Crude (NYM)
Closed at.........63.53, up +1.73

Tea Leaves:.................Red

Yak.

Remarks:.......Holding 10/90
S&P Stops:.....Alert: NA, Trail: 1183.
Oil Markers:...<64= ok, 64-69= worry, >69= panic.

Greg · 10-11-2005, 11:52 PM

YTD Returns (since 12/31/2004)

G-fund3.37%
F-fund1.73%
C-fund-0.85% :s
S-fund2.72%
I-fund7.04%

Month-To-Date Returns for October (since 09/30/2005)
G-fund0.09%
F-fund-0.09%
C-fund-3.54%
S-fund-4.54%
I-fund-1.95%

Return since 08/01/2005 - Date that L-funds were started
L2040-1.43%
L2030-1.25%
L2020-0.91%
L2010-0.47%
L-Inc0.09%

**vectorman** · 10-12-2005, 12:12 AM

Greg, thanks for posting the returns.

**Skip** · 10-12-2005, 12:24 AM

Rolo wrote:

Skip wrote:

next stop
1177 ?

I said 1178 with a different analysis, so sounds good! I still wouldn't rule out ~1140.

The question is: is everything still going to follow as it appears to have all last week?

well its 1177.85 so you are closer !!! lol 1137.08 for your 1140.... a 66% pull back is still healthy....
See chart....

**robo** · 10-12-2005, 01:44 AM

Some comments from a Tech before todays trading:

The drop by the S&P 500 below the support band from 1190 to 1194gives further confirmation of the market's weakness. Only the uptrend line from the October low stands between the market and the April low at 1137.50. Because of the degree to which we are oversold there is a good chance that it will hold, but I want to see it before taking on any more equity risk.