Thread: New Leg Up Silently Beginning Today

Though I agree the short term is looking better, I'm waiting for a little healthy hesitation waltz before I jump in. I don't like trying to board during a rising tide.

Originally Posted by USGubmintGenEnginer

Bears have precious little time to work some magic.

Breakout has been tested and held. A melt up can take place now, which will be unmerciful to shorts.

I must admit, I was expecting a larger coil to form. If this is all the bears can muster they must really on pins and needles.

USGGE

Okie, dokie. I'm going to up my CSI amount to 9 percent, spread even between the funds. The other 90-some % is in the G. This will be my last transfer before the 2 transfers/month kick in sometime next month.

I know its a desperart move but sometime you gotta due what you gotta do.

Appears to be settling in for some digesting prior to thursday's announcement. We'll see after that, but I cannot see another rate cut. GM's situation is adding some doubt to my views, but think I will maintain current posture & expectations.

USGGE

Originally Posted by Timmie-O

Okie, dokie. I'm going to up my CSI amount to 9 percent, spread even between the funds. The other 90-some % is in the G. This will be my last transfer before the 2 transfers/month kick in sometime next month.

I know its a desperart move but sometime you gotta due what you gotta do.

Originally Posted by USGubmintGenEnginer

Appears to be settling in for some digesting prior to thursday's announcement. We'll see after that, but I cannot see another rate cut. GM's situation is adding some doubt to my views, but think I will maintain current posture & expectations.

USGGE

What announcement are you expecting on Thursday? FED? That's tomorrow, Wednesday.

Luv2read: see my post on the 23rd of April. USGubmintGenEngineer signing in... Check out commodity prices movement since then.
USGGE

Originally Posted by luv2read

What announcement are you expecting on Thursday? FED? That's tomorrow, Wednesday.

50% chance the entire up move is now over.

USGGE

The Dow will go on to put in new highs if the transports take out their old highs at 5446.49. We could easily do that today on the DJTA. If the NYSE breadth MCO is able to take out the early April highs a new price objective to around 9750 level on the NYA will be placed. Currently at 9464 - strap in buddy.

Birch, I have a sell signal on the trannies.

Best,
USGGE

Originally Posted by Birchtree

The Dow will go on to put in new highs if the transports take out their old highs at 5446.49. We could easily do that today on the DJTA. If the NYSE breadth MCO is able to take out the early April highs a new price objective to around 9750 level on the NYA will be placed. Currently at 9464 - strap in buddy.

I haven't found that yardstick particularly consistent on the last half of the trade. Good luck tho. Trannies missed my r/p friday morning by less than 6 pts. We'll c if this is it. Typical specialist ram at eod, as usual (with the typical hype-to-trap commentary) if Monday is to be a tide down day. e.g. YHOO/MSFT. Were buyers checking out total M/C or reacting to the TH hype? Impact of the announcement was -$2.375B M/C. softie & yuhoo both in ndx/cubes but only softie in the dow. For every buck they ram yuhoo total proposed merger M/C loses $2.3B.

USGGE

Originally Posted by USGubmintGenEnginer

Birch, I have a sell signal on the trannies.

Best,
USGGE

3.9% haircut, retest, 3.3% haircut and we'll see if there's more coming. No buy signals yet, so probably more down to come.

Originally Posted by USGubmintGenEnginer

Birch, I have a sell signal on the trannies.

Best,
USGGE

Ditto, but more probably just time to take the newcomers out behind the woodshed & give them a good hide tanning. LOL

USGGE

Originally Posted by USGubmintGenEnginer

50% chance the entire up move is now over.

USGGE