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Thread: Market Talk / Nov. 5 - Nov. 11

  1. #97

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    Default Re: Market Talk / Nov. 5 - Nov. 11

    Quote Originally Posted by James48843 View Post
    I think the market is still digesting all of the possible ramifications of the dem sweep.

    One way to look at it- if the minimum wage is increased quickly, that could put some upward pressure on wages, and with it, upward pressure on prices. With that would come higher returns- and higher stock prices.

    We may have a couple days to digest where we go from here. I see the "S" is just slightly ahead right now- the momentum of the last week or so is fading. Perhaps a day or two of rest ahead. We'll just have to wait and see.

    Take a look at this chart:
    http://stockcharts.com/h-sc/ui?s=$EM...d=p91531895037

    It's the "S"'s Wilshire 4500

    It looks to me like we are ready for a hard upside break. Almost like what the chart looked like around December 20th last year. If so- we still have strength ahead.
    Hold on...

    Upward pressure on wages? That's inflationary. Our low unemployment rate is putting enough pressure on wages already. Don't think the Feds want to see anymore wage pressure.

    Upward pressure on prices? That would cut corporate margins. Not good for the earnings/stock price. Bad for the market.

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  3. #98

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    Default Re: Market Talk / Nov. 5 - Nov. 11

    Quote Originally Posted by Birchtree View Post
    My greed factor won't allow me to try and precipitate any kind of decline, other than the intraday kind. Follow me to the gorge you hoofers.
    I got your six!

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  5. #99

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    Default Re: Market Talk / Nov. 5 - Nov. 11

    Agree - nice looking component crossovers for a buy signal. Money flow is digesting and moving from area of perceived over valuations and obviously moving into the secondaries. This is positive because it may mean that the 4 year low is indeed behind us.


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  7. #100

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    Default Re: Market Talk / Nov. 5 - Nov. 11

    Nickles and dimes - the A/D line looks fairly tight today for a possible turn around. That would probably be too much to ask - how about tomorrow then?

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  9. #101

    Default Re: Market Talk / Nov. 5 - Nov. 11

    Quote Originally Posted by Birchtree View Post
    My greed factor won't allow me to try and precipitate any kind of decline, other than the intraday kind. Follow me to the gorge you hoofers.
    You see what I mean? Your speak is just the same as how the market has been acting. Any dip is a buying opportunity. Tell us, are you in with the big market movers? Do you have the inside scoop? When I see a change in your outlook from buy to sell, I'll be expecting a huge decline. It's as if you are tuned into the psychology of this market. I'll just wait and watch.

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  11. #102

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    Default Re: Market Talk / Nov. 5 - Nov. 11

    fab,

    Birch won't sell until....i dunno...he'll probably never sell. I'm pretty sure he held through May, -7% in C, -12% in S. So if you're following Birch, you have to be able hold through that and probably more. Birch will probably DCA down through a 15% loss. I don't know what happens then???

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  13. #103

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    Default Re: Market Talk / Nov. 5 - Nov. 11

    Senator Allen will have a press conference at 3pm and will concede. Final reality of Democratic sweep will sink in. Already priced in or major selloff in last hour? You guess.
    Trading, in its simplest form, is the process of capturing the disconnect between perception and reality.

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  15. #104

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    Default Re: Market Talk / Nov. 5 - Nov. 11

    Birch will DCA down into a 15% loss and then DCA all the way back up. Nothing changes except I gain more shares.

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  17. #105

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    Default Re: Market Talk / Nov. 5 - Nov. 11

    Alrighty now periscopes up - take her down - but not too deep. Get ready for tomorrow. Snort.

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  19. #106

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    Default Re: Market Talk / Nov. 5 - Nov. 11

    Quote Originally Posted by Birchtree View Post
    Birch will DCA down into a 15% loss and then DCA all the way back up. Nothing changes except I gain more shares.
    If you bailed out anywhere near the top of a selloff and then bought back anywhere near the bottm, you would end up with a lot more shares than by riding it out. Or am I completely missing something?
    Trading, in its simplest form, is the process of capturing the disconnect between perception and reality.

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  21. #107

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    Default Re: Market Talk / Nov. 5 - Nov. 11

    Looks like the NAZ found support at the 2375 level late in the day...that may have been it for the election correction.

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  23. #108

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    Default Re: Market Talk / Nov. 5 - Nov. 11

    Quote Originally Posted by Pilgrim View Post
    If you bailed out anywhere near the top of a selloff and then bought back anywhere near the bottm, you would end up with a lot more shares than by riding it out. Or am I completely missing something?
    Nope...birch will just have fewer shares. Snort


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