My prediction:
Down another 42 for the day 8/01
Birchtree,
If the Yen will help it's possible, but for now the Yen is moving the DOW big time in the opposite direction of course. FXY up, DJI down! This chart says it all. Add it to your favorites folks.
http://finance.yahoo.com/q/bc?s=FXY&...l&c=%5EDJI
Yen/Dollar 118.47-118.48 - 0.51 and dropping!
http://www.nni.nikkei.co.jp/CF/FR/MKJ/
If it goes to 117.00 and lower the DOW could lose a 1000 points and the World Markets. Oh Boy.... If we get back to 119 and up the DOW rallies. Since I'm long I'm hoping your guess is correct. The Carry - Trade is something we need to watch. The world markets are at risk, but the bankers should save us. Maybe. The Fed is nothing compared to the Yen-Carry-Trade. Watch the Yen my friend!
Watching support on the S&P is my concern. 1450 needs to hold or here we come 1430's. I'll add shares if we head lower. Scaled buying of course.
My prediction:
Down another 42 for the day 8/01
i want to edit my close to +237
115 pts down
CURRENT ALLOCATION = 100% G
Fear is the greatest buy signal ever seen in the stock markets - Birchtree
+75 points
A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ... My Account & My Account Talk
Do you have to give back the pats on the back when your prediction is the most wrong the next day?
-140
A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ... My Account & My Account Talk
If I understand how this MB works and the etiquette we have established for ourselves, you can ask someone to not post in your account talk thread but certainly not a thread in the general discussion area even if you started it. You may have started this thread but you don't own it other than the google ads.
I understand 12% and mlk_man are having words and it would be better for all if you (12% and mlk_man) do not let it escallate.
Keeping people honest is one thing, being antagonistic is another.
A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ... My Account & My Account Talk
Ok, I really do not know what to say.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
looks like 1397 will give us the 10% correction on the S&P cash. We are at the 200 ema, we can fall below it intraday but a CLOSE below it will be worrisome
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EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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