Thread: Spaf's Account Talk

The Lilly Pad Report
July 17, 2007

In todays action the market appeared to be losing some of it's momentum. we had profit taking twice in the day. Kind of getting skiddish when there is a technology thrust. Of course the media didn't help with all their hipe over a new DOW record. However we don't have any good entry points. So, it's sort of a capital preservation mode. The S&P appeared to be consolidating gains, but resistance was indecisive. Small caps are starting to struggle at resistance, noted by todays candlestick which was a gravestone.

The charts indicate that we are overbought. The Bollinger bands are widening which could mean increased volatility, and pricing is at the top of the bands. The Slow Stochastics is well within the overbought range.

Le Charts

Charts courtesy of www.StockCharts.com

Ua ho!................

Originally Posted by Spaf

Ua ho!................

?% Downgrade?! Breakman! Breakman! TrainWreck ahead? Man the lifeboats! MMMoMMMMMaaaaa!

Whimper,(allowed, no whiners!)

What could we expect?

This appears to be a good adjustment! But where is the bottom and how do you re-enter.

Well hopefully we will get a double bottom reversal (fingers-crossed) some day.

Double Bottom link--> http://tinyurl.com/yt9b4g

Patience!......

I hope at the 200 MA!!!

Originally Posted by nnuut

I hope at the 200 MA!!!

What's the next level of support? 1350?

The Lilly Pad Report
July 27, 2007 [Noon]

Yak, Doodles, Tea Leaves, and The Lilly Pad.

Kingdom Yak:
Yak.......................................We need to focus on what is transpiring; watch the pricing. Bottom fishing is a mistake at this point. We need solid indicators i.e., a double bottom reversal (see March in chart below). We don't know where the bottom is?.... After the sellers took control yesterday, the investors went into a panic mode!......

Doodles:
Stops.......................................Alert (-1&#37....Trail (-2%)
.....SPX........See Le Charts..........X1538...........X1523

Tea Leaves:
Yakndoodles...............................It's capital preservation.

The Lilly Pad
Location....................................100%-G.

Le Charts

Charts courtesy of www.StockCharts.com

Originally Posted by charmed855

What's the next level of support? 1350?

Opps, talkin' about the "S" fund, and there is somewhat of an up trend sense 650. The S&P bounced off of 1462!!

Support?? ---> Ask Duke! ---> http://www.bushbeans.com/jaynduke/jaynduke.php
Ain't got a clue, focus on what is happening!.....

Originally Posted by charmed855

What's the next level of support? 1350?

SFA ink
[Spaf's Financial Advice Inkarpetrated]

For a modeest price or trade (sorry no racoons or squirrels) we will be offering financial advice on the sock market! Should have the equipment set up shortly to analyze market conditions. I couldn't get a license, so I borrowed one of my dogs old tag's.

This will be a test run, before I ask "T" for a premium service.

No! Thats the equipment salesmen guy! He said it would take a while to set it up, in the mean time I'm going over their lesson guide.

I'm a tellen ya, Ebb, Fred, Sharkey and "T" better watch out!....

I think I'm on a run!.....

Originally Posted by Paladin

Spaf, is that really you in the picture?