Thread: Tsunami's Account Talk

Originally Posted by Tsunami

For example, the prices in Vancouver B.C. are quite reasonable right? Check it out....
http://www.crackshackormansion.com/original.html
http://www.crackshackormansion.com/

Where oil comes from...
http://www.nytimes.com/2010/08/03/sc...3oil.html?_r=1

Good articles- the crack shack is hilarious

Originally Posted by Warrenlm

Euphoria still on CNBC early this morning. Interview with Long Beach director focused on growth of imports. Expectation of continued growth and his thoughts were that retailers are expecting a much better holiday season.

Speaking of crack.... who used all the tin foil .....for hats?!?

Originally Posted by Tsunami

This sounds familiar, someone looking at the chart of Canadian home prices and concluding that prices can't possible fall in Canada, nah, not here....yeah right.
http://takloo.wordpress.com/2010/07/...apse-us-style/

For example, the prices in Vancouver B.C. are quite reasonable right? Check it out....
http://www.crackshackormansion.com/original.html
http://www.crackshackormansion.com/

Where oil comes from...
http://www.nytimes.com/2010/08/03/sc...3oil.html?_r=1

Diatomaceous OIL, I never believed it came from dinosaurs there are other opinions.

Contact: Alexander Goncharov
agoncharov@ciw.edu
202-478-8947
Carnegie Institution

Hydrocarbons in the deep Earth?

http://www.eurekalert.org/pub_releas...-hit072409.php

Looks like the exact same drill as last Friday. Last Friday the lower boundary of the wedge held at 1088 and the markets took off, especially on Monday. This time the lower boundary of the wedge....pause, as the kid gets out his ruler.....looks like about 1110. So if that holds there should be at least one more push higher. Looks good, so far....and I see that the S&P bounced perfectly off of its 20 day moving average.

Originally Posted by Tsunami

Looks like the exact same drill as last Friday. Last Friday the lower boundary of the wedge held at 1088 and the markets took off, especially on Monday. This time the lower boundary of the wedge....pause, as the kid gets out his ruler.....looks like about 1110. So if that holds there should be at least one more push higher. Looks good, so far....and I see that the S&P bounced perfectly off of its 20 day moving average.

Setting up for OPEX...
If the trend holds, it will be +200- 500 up to Thursday 8/19
We'll see.
Btw- I keep reposting this uTube because it is so relevant- your turn today!
the meat starts after 2:30m

So, today is that long-awaited 8/10/10 lowest ever Bradley model turn date... http://www.marketclues.net/bradley.gif and a new moon...have the magical mystical powers caused wave 3 down to begin? More importantly it looks like to me that 80 held in the dollar index and the wave 3 up (for the dollar) turn has begun.

The Battle of the Wedge today lies at about 1116, which also happens to be the 200-dma support. If that support breaks then the potential is there for a quick drop back down to 1010 as soon as Labor Day, for starters. If support holds again, then the 1150's by next week still beckons.

Based on what the dollar is doing right now though, I think the wave 2 top (in stocks) is in unless there's a pretty startling Fed announcement today. http://quotes.ino.com/chart/?s=NYBOT_DX

Originally Posted by Tsunami

So, today is that long-awaited 8/10/10 lowest ever Bradley model turn date... http://www.marketclues.net/bradley.gif and a new moon...have the magical mystical powers caused wave 3 down to begin? More importantly it looks like to me that 80 held in the dollar index and the wave 3 up (for the dollar) turn has begun.

The Battle of the Wedge today lies at about 1116, which also happens to be the 200-dma support. If that support breaks then the potential is there for a quick drop back down to 1010 as soon as Labor Day, for starters. If support holds again, then the 1150's by next week still beckons.

Based on what the dollar is doing right now though, I think the wave 2 top (in stocks) is in unless there's a pretty startling Fed announcement today. http://quotes.ino.com/chart/?s=NYBOT_DX

I'm hoping that we see good numbers through next week. I do not plan on being fully invested going into the end of August and probably most of September.

Originally Posted by nasa1974

I'm hoping that we see good numbers through next week. I do not plan on being fully invested going into the end of August and probably most of September.

Aye!
Out to F next Thurs COB, and second that Sept & Oct stuff. No ST miracles in the hat.

Originally Posted by crws

Aye!
Out to F next Thurs COB, and second that Sept & Oct stuff. No ST miracles in the hat.

I'm positioned to join you crws... but are you going ALL to F?
Seems like bonds have had their big run, to me anyways...
I might put a little there but haven't decided yet.

As the realization that the dollar's turn up into wave 3 has begun, stocks can't hang on much longer. One of these plunges will penetrate that lower wedge boundary soon. Then, as the dollar soars to above 100, losses in stocks similar to the first chart below can be expected...

http://www.financialsense.com/contri...S-dollar-index

There have been times gone by when a stronger dollar meant a stronger economy and a stronger market. The correlation to last year is about to start a new paradigm. By the way, I still covet your tracker slot - if you make no changes because of bearishness it won't be long because this bull ride is just beginning.