Thread: Market Talk

I was just wondering why is there no sports and comix section in the weekly ?

Hey, Skip...put your number in your personal thread....that a way we can find it again .....

I was kinda expecting a minor pull back Friday or an all out 2.5% rise in the S fund....looks like we got a minor increase instead ....then I would expect ahiatus for a few days.....could be we may experience a 4% drop sometime in the next week of so........then we should get on with it......


Of course that's all speculation at this point, but we all have them........I still think we're going to the 570's by or about early to Mid Jan....



:^

al-Zarqawi Killed by Explosives, Report
By Jim Roberts
Nov 20, 2005

Iraq's al-Qaeda terrorist leader Abu Musab al-Zarqawi may have been killed in Iraq on Sunday according to a report that is posted on the "Jerusalem Post'web site.


Is al-Zarqawi dead?

As always take these reports with a healthy dose of skepticism as they have been wrong on every other occasion. However, this will be major news if proven true.

JPost:

The Elaph Arab media website reported on Sunday that Abu Musab al-Zarqawi, the head of the al-Qaeda in Iraq terror group, may have been killed in Iraq on Sunday afternoon when eight terrorists blew themselves up in the northern Iraqi city of Mosul.

The unconfirmed report claimed that the explosions occurred while coalition forces surrounded the house in which al-Zarqawi was hiding. American and Iraqi forces are looking into the report.

[align=center][/align]No confirmation or comment from any official government sources as of yet.

--Jim Roberts

© Copyright by NationalLedger.com

Greg,

Thanks - this would be exceptionally great news. Maybe good intelligence finally paid off - we certainly needed a break from the political minority.

Looks like the market is headed for the 1270's.... Buy the dips if we get any.... Maybe a chance early next week, but the support level continues to move up.....

Comments from a Tech:

***** Friday Nov 18 2:35 pm ET ************

The markets are overbought in all time frames; daily, weekly, monthly. We need to stick to our Stop levels. Perhaps next week will bring some selling, but it is beginning to look like we are entering a period where sell-offs will be bought back up. A retracement next week would be good, but is not a sure thing. Last hour trading is showing no weakness.

Technician wrote:

could be we may experience a 4% drop sometime in the next week of so........then we should get on with it......

The Tech's I follow are now talkingearly to midDecember for that kind of pullback..... But as Birchtree pointed out no cares about overbought now.... Most are in the buy mode for nexk week.If Tom gets the pullback he is concerned about that could be the time frame..... Best thing to do is stay invested and put your stops in place.... Once we get to the 1270's thetechnicals for a pullback will increase dramatically.... This has been a nice run and fund managers will want to take some profits soon.... But for now, "Let the Good Times Roll."

overbought and oversold conditions can last for a long time..DWCP overbought from 10/27/04 - 1/03/05 with only one or two one or two daypullbacks inbetween.

Does anyone have any resources that speak to the potential movement of the US Dollar based on the possible interest rate rise in Europe?

Strong from here on out to the end of the year. I see a Santaclaus rally in the making here. I'm in fully. Hang on for the ride up.

JOVARN wrote:

Does anyone have any resources that speak to the potential movement of the US Dollar based on the possible interest rate rise in Europe?

Well if the euro rases their interest rate the dollar will drop for sure.... That will be a good time to be in the I fund.... Search msn.com as I read 1 or 2 news clips on it... How much movement is any ones guess.... ...

Skip

The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak Date: Nov. 21, Closing


Market News.

Kingdom Talk:. Stox advance, again. Confidence is high, stox are overbought, and taxi cab drivers are beginning to offer tips.

Elsewhere:......Major cart manufacturer is regrouping.


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closed at...................1254.85, up +6.58
CMF (money flow) at.....+0.181, up
RSI (strength) at...........70.3*, up
MACD (trend)....bullish
S-STO (signal)...bullish
P-SAR (signal)...bullish
ROC (change)....bullish

Light Crude (NYM)
Closed at..............57.21, up +0.49

Tea Leaves:................Green.


Yak.

Remarks:.......Holding 50/50.
S&P Stops:.....Alert: 1243, Trail: 1231.
*RSI=O.B.

Oil Markers:...<64= ok, 64-69= worry, >69= panic.