Thread: This Week in Stocks: 8/11 - 8/17/07

Originally Posted by tsptalk

Lower low on NYSE today. Interesting:

Last Monday's new lows on NYSE (common) = 300.
Today's new lows 64.

Tom you always say your signals are usually early. You waited in the the G fund for a long time saying a correction is coming. Its here, but now your 100% in the market waiting for the Bull to run again. Are you going to use any stops to have you step aside, or do you plan on hanging on like in 2004. Memories, haaaa seems like yesterday.

Don't know. Another low and I'll rethink.

Originally Posted by tsptalk

Don't know. Another low and I'll rethink.

I'll pretty sure I feeling some desperation now. And we know what the next level is.

http://www.tsptalk.com/comments_arch...s_8_10_07.html

RevShark has been saying, don't be a hero, wait for a better setup. The problem is he had the same problem I did. The market took off without him last fall and we looked for a better buying opportunity that never came. I'm afraid a quick 2 to 4% rally in two days leaves us behind again once it comes. Then I'll be frozen like a deer in the headlights again.

But, I think doing the one day at a time thing like ebbnflow is doing might work. Get out on rallies, in on big sell-offs until the air clears - that's when you can park for a while. Easier said than done though. There is the risk of whipsaws so it's a gamble no matter how you play it.

I have moved from fear to desperation.

I keep thinking about that National Association of Home Builders index housing chart you had posted a while back Tom, where the housing index moved six months ahead of the market.

You remember that one? Where the NAHB index was charted compared to the S&P 500 six months later?

You still have that somewhere? I tried to search for it, but was unsuccessful.

It keeps me up at night.

The August NAHB data is due out today. If it falls any further, we will be a lows last seen in the week of 1991 when the Gulf War started. It tooks months for the stock market to bounce back then.

Today Show headlines: Tropical Depression, Tropical Storm, Hurricane, Gulf of Mexico.

Got oil?

Originally Posted by James48843

I have moved from fear to desperation.

I keep thinking about that National Association of Home Builders index housing chart you had posted a while back Tom, where the housing index moved six months ahead of the market.

You remember that one? Where the NAHB index was charted compared to the S&P 500 six months later?

You still have that somewhere? I tried to search for it, but was unsuccessful.

It keeps me up at night.

The August NAHB data is due out today. If it falls any further, we will be a lows last seen in the week of 1991 when the Gulf War started. It tooks months for the stock market to bounce back then.

Housing index vs SP500.jpg


There is alot of good info that comes across this site. When you see something, sent it to a prepared TSP folder that you can use to collect this info.
My is full of great things like advice from other members; past market comments from Spa and others; charts; etc

Looks like we may get our 10% correction. Is that about S&P 1410? 1385 is also a good support level.

CPI actual 0.1% consensus 0.2%

Core actual 0.2% consensus 0.2%

Encouraging open so far. Modestly down. Can we hold on? I hear a lot of talking heads encouraging the average investor to hold on and don't sell. A little too much, if you ask me. Maybe they're right though. But then again, what do I know! I've been getting whacked!

Originally Posted by clester

Encouraging open so far. Modestly down. Can we hold on? I hear a lot of talking heads encouraging the average investor to hold on and don't sell. A little too much, if you ask me. Maybe they're right though. But then again, what do I know! I've been getting whacked!

For those who are still in, maybe we can get Panic, Capitulation, and Despondency taken care of in one day. Depression will come tonght and Hope tomorrow with a little over sold bounce. The reality of Buy and Hold is setting in, now its a traders market. Look for alot of swings.

emotions_cycle.jpg