The Stock Market

[zorro1]

Why? you have given 100 reasons why we should have crashed, yet we rallied hard. shold I cut n paste? or should I do what Lanna does and change the words so they are now my own concoction? Go with the flow Midas, stop trying to anaylise, even analysts cant do it correctly . Look at the charts, they can only go up midas if there are more buyers than sellers. What do they know that you dont? Why do we continue to hit new highs on poor job data? I know why but you need to research how the market works first Midas. When you show some understanding perhaps we can debate.

But there is no rally any more ?

And you didnt even know the market had fallen " there was no traditional new year sell off "

How embarassing for you zorro

And lannarebirth would be the last person I would be insulting regarding his knowledge of stockmarkets

_1% is not a sell off

Jeez Midas . Okay this is for you. The dummies guide to reading a chart. I made it nice and easy with big arrows and big words. Midas what do you see in this chart? Keep in mind you called a great depression all the way, now THATS embarrassing

What do you see Midas?

(yes you can p.m Lanna)

BUMP

1 at a time gents . Midas come out from behind lannas skirt

Midas will give you a hint firstly its shows the startling market recovery in 2009 , mind blowing when it hits you in a big colorful chart and......... it Looks like a letter in the alphabet. Take your time now, no hurry

[midas]

Midas will give you a hint firstly its shows the startling market recovery in 2009 , mind blowing when it hits you in a big colorful chart and......... it Looks like a letter in the alphabet. Take your time now, no hurry

Yes I can clearly see the “ W ”

[zorro1]

Midas will give you a hint firstly its shows the startling market recovery in 2009 , mind blowing when it hits you in a big colorful chart and......... it Looks like a letter in the alphabet. Take your time now, no hurry

Yes I can clearly see the " W "

100% sure that both flying and Lanna would agree, your an embarrassment.

[midas]

Midas will give you a hint firstly its shows the startling market recovery in 2009 , mind blowing when it hits you in a big colorful chart and......... it Looks like a letter in the alphabet. Take your time now, no hurry

Yes I can clearly see the " W "

100% sure that both flying and Lanna would agree, your an embarrassment.

Where are you zorro………….please come out of hiding ………

So based on todays unemployment figures do you still see a “ V

[zorro1]

Hey Rice Boy. I only want my stock to keep rising. I don't care about jobs , I don't need one

Errrmmm.... markets went up

US stocks edge higher after jobs data disappoints

http://www.thebull.com.au/articles_detail.php?id=8559

Wall Street stocks made modest gains on Friday as the market was able to shake off a weak start due to disappointing government data on the troubled labour market.

One month's worth of data should not be given too much weight, there are some potential leading indicators that remain intact and continue to point to the continuation of the trend of improving employment conditions," Charles Schwab & Co. analysts said in a note to investors.

Anway Took some profits and off to the the whitsundays for 2 weeks where a mate has his yacht parked.

See you later rice boy

Edited January 9, 2010 by zorro1

[midas]

Wall Street stocks made modest gains on Friday as the market was able to shake off a weak start due to disappointing government data on the troubled labour market. blah blah blah blah blah blah blah blah blah blah

lets see if they can shake this off ( video clip courtesy of BlackJack )

http://www.brasschecktv.com/page/705.html

Edited January 9, 2010 by midas

[zorro1]

Wall Street stocks made modest gains on Friday as the market was able to shake off a weak start due to disappointing government data on the troubled labour market. blah blah blah blah blah blah blah blah blah blah

lets see if they can shake this off ( video clip courtesy of BlackJack )

http://www.brasschecktv.com/page/705.html

Excellent site! must have cost at least 2 k to get it set up

"My guess is that the credit market is being propped up now during the lull so that the banks can sell off their holding to suckers (us) before the real carnage begins"

Riveting stuff Midas ROFL!!! All based on a "guess".... You invest according the above? .

But wait theres more check out some of the adds on the page, very professional

Chinese Love AstrologyYear of the Dog Signs read for Free by a Pro-Astrologer! 100% risk-free

Filipino Jobs in CanadaWork in Canada Now! POEA Approved Without Placement Fee

Your still an Embarrassment. Really have to pack, off early Thai Air 7.30 am.

[midas]

Anway Took some profits and off to the the whitsundays for 2 weeks where a mate has his yacht parked.

zorro last time I was on a yacht in Queensland we had internet onboard so i am sure you can read this

wherever you are

America slides deeper into depression as Wall Street revels

http://www.telegraph.co.uk/finance/comment...eet-revels.html

Edited January 11, 2010 by midas

[basjke]

Come on guy's who's back in the market?It's quite slow with your predictions for the last week isn't it.

You're waiting till the current trend finish to predict the past.

[midas]

Come on guy's who's back in the market?It's quite slow with your predictions for the last week isn't it.

You're waiting till the current trend finish to predict the past.

My prediction hasn’t changed since way back at Post #21 when I said the PPT

will ensure markets don’t fall too much but equally there isn’t a zorro type “ V ” recovery anywhere in sight !

It will be sideways until TPTB decide otherwise.

[badge]

Sadly the lions share of the 'V' recovery in equities had already played out when Zorro started this thread, with the SPX having gained just 11% from the threads inception to date.

I started a thread simply entitled 'Global Financial Markets' detailing my stock interests which curiously had little bullish input from Zorro or fellow TV'ers, days off the low in most developed equity markets in March 2009, which has seen the SPX gain a record busting gain of 63% from that threads inception to date.

Personally I bailed the bull camp when a raft of clear warning signals appeared many months ago, and still sit on short positions, mostly in Europe, very much in profit.

[flying]

prez speech did not have a very good effect on the market

[flying]

LB what say ye? Is this guy accurate in his assessment? Or just a alarmist?

The volume is OFF THE CHART.

The negative move is OFF THE CHART.

This is the one stock you need to watch tomorrow. It it craps out below 157, then the market will break some 1000 points in very short order over trading sessions during the next 30-60 days.

Today mattered. You can ignore it. You can act like things like housing starts, unemployment, reality, etc. do not matter.

They do.

And it will impact this nation to the desire of the Socialist elements far beyond today’s mini-press conference and announcement.

The Revenge of the Obamaempire has begun, and darkness is about to descend upon the Republic. Watch 1100 on the S&P and 10,125ish on the DOW. Did I mention the 1-3-6 rule?

http://johngaltfla.com/blog3/2010/01/21/of...today-mattered/

Edited January 22, 2010 by flying

[midas]

LB what say ye? Is this guy accurate in his assessment? Or just a alarmist?

very interesting flying !

But now we know GS etc can achieve the impossible, what would stop them from allowing

the market to fall a little and then engineer another even more spectacular rally

( which doesnt seem to take much effort ) which will make zorro wet his pants even more

[Abrak]

My two favorite quotes from last week...

"When you look at the US… it's a total disaster, we're all doomed, we're doomed," Marc Faber speaking on CNBC.

"If it looks like a duck, quacks like a duck, and holds Chinese Equities, then 'Duck!'" a broker...

[flying]

LB what say ye? Is this guy accurate in his assessment? Or just a alarmist?

very interesting flying !

But now we know GS etc can achieve the impossible, what would stop them from allowing

the market to fall a little and then engineer another even more spectacular rally

( which doesnt seem to take much effort ) which will make zorro wet his pants even more

Anything is possible in this bizarro financial cloud I guess Midas.

I remember a long while back...I think it was badge who started a thread & I jokingly said may as well buy GS & ride their coat tails because if anyone is going to win from this it is them. I think they were way back at the $80 range....

Anyway in my non stock market world although I felt well placed in my physical PM's & thought I was done....I am thinking I may back the truck up one more time. Will see how it goes towards the end of this month.

I think it is starting to unravel & they are now actively seeking a fall guy or two.

Suddenly Bernanke is a ? for re-confirmation & it is my guess Timothy Geithner will quit or be fired soon.

Too bad if Bernanke gets the boot because I always thought that was the plan but wanted him to stay & be shot...rather than be on some beach sipping umbrella drinks laughing with Paulson et al... Of course if he is not re-confirmed the collapse that was coming anyway will then be said to have been avoidable if he had stayed...etc. etc. etc.

Edited January 23, 2010 by flying

[lannarebirth]

LB what say ye? Is this guy accurate in his assessment? Or just a alarmist?

The volume is OFF THE CHART.

The negative move is OFF THE CHART.

This is the one stock you need to watch tomorrow. It it craps out below 157, then the market will break some 1000 points in very short order over trading sessions during the next 30-60 days.

Today mattered. You can ignore it. You can act like things like housing starts, unemployment, reality, etc. do not matter.

They do.

And it will impact this nation to the desire of the Socialist elements far beyond today’s mini-press conference and announcement.

The Revenge of the Obamaempire has begun, and darkness is about to descend upon the Republic. Watch 1100 on the S&P and 10,125ish on the DOW. Did I mention the 1-3-6 rule?

http://johngaltfla.com/blog3/2010/01/21/of...today-mattered/

I don't really follow stocks flying, but I would say the market is in a corrective phase into February or March. Barring some global financial catastrophe I would expect the market to make another run at highs or to new highs. Later in the year I'm less optimistic.

[flying]

I don't really follow stocks flying, but I would say the market is in a corrective phase into February or March. Barring some global financial catastrophe I would expect the market to make another run at highs or to new highs. Later in the year I'm less optimistic.

Another one?

Kidding......Thanks for the outlook/opinion

[Abrak]

I don't really follow stocks flying, but I would say the market is in a corrective phase into February or March. Barring some global financial catastrophe I would expect the market to make another run at highs or to new highs. Later in the year I'm less optimistic.

Another one?

Kidding......Thanks for the outlook/opinion

Frankly the concept that people make money by examining the historic trading of a stock, stockmarket or currency is counter-intuitive. Still, although I dont understand technical analysis really, I am constantly amazed how accurate it tends to be (Lanna has pretty well called the market right on this thread) - he would have certainly beat any fundamental analyst (although the fundamental analyst would claim he makes money out of stocks rather than markets.)

The whole thing is made ludicrous by all the tech speak - you know 'this is obviously a reverse double head and shoulders'. Technical guys like to shroud it all in magic. To me, not that I know anything about it, charts show patterns of mass market psychology (which is why equity charts are extremely popular in studies of behavioral economics and used to determine the difference between rational economics/chaos theory/random walk and reality.

One day soon someone will explain explain the psychology behind market movements (apart from greed and fear) - we are all fooled by this 'elliott 5th wave' stuff because these guys dont want anyone to find out and spoil their market.

[midas]

I don't really follow stocks flying, but I would say the market is in a corrective phase into February or March. Barring some global financial catastrophe I would expect the market to make another run at highs or to new highs. Later in the year I'm less optimistic.

Another one?

Kidding......Thanks for the outlook/opinion

Frankly the concept that people make money by examining the historic trading of a stock, stockmarket or currency is counter-intuitive. Still, although I dont understand technical analysis really, I am constantly amazed how accurate it tends to be (Lanna has pretty well called the market right on this thread) - he would have certainly beat any fundamental analyst (although the fundamental analyst would claim he makes money out of stocks rather than markets.)

The whole thing is made ludicrous by all the tech speak - you know 'this is obviously a reverse double head and shoulders'. Technical guys like to shroud it all in magic. To me, not that I know anything about it, charts show patterns of mass market psychology (which is why equity charts are extremely popular in studies of behavioral economics and used to determine the difference between rational economics/chaos theory/random walk and reality.

One day soon someone will explain explain the psychology behind market movements (apart from greed and fear) - we are all fooled by this 'elliott 5th wave' stuff because these guys dont want anyone to find out and spoil their market.

same same ! i wonder if Lanna agrees with this statement i read today :-

" What will necessarily capture the eyes of the bears is that on a log scale we failed on the 61.8% retracement line at the highs (see weekly chart), so a very bearish argument can be made that we are entering the next huge sell-off from a technical standpoint. "

p.s. do you think we should send a search party to the Whitsunday Passage to

look for zorro ! I am getting worried.

[lannarebirth]

I don't really follow stocks flying, but I would say the market is in a corrective phase into February or March. Barring some global financial catastrophe I would expect the market to make another run at highs or to new highs. Later in the year I'm less optimistic.

Another one?

Kidding......Thanks for the outlook/opinion

Frankly the concept that people make money by examining the historic trading of a stock, stockmarket or currency is counter-intuitive. Still, although I dont understand technical analysis really, I am constantly amazed how accurate it tends to be (Lanna has pretty well called the market right on this thread) - he would have certainly beat any fundamental analyst (although the fundamental analyst would claim he makes money out of stocks rather than markets.)

The whole thing is made ludicrous by all the tech speak - you know 'this is obviously a reverse double head and shoulders'. Technical guys like to shroud it all in magic. To me, not that I know anything about it, charts show patterns of mass market psychology (which is why equity charts are extremely popular in studies of behavioral economics and used to determine the difference between rational economics/chaos theory/random walk and reality.

One day soon someone will explain explain the psychology behind market movements (apart from greed and fear) - we are all fooled by this 'elliott 5th wave' stuff because these guys dont want anyone to find out and spoil their market.

same same ! i wonder if Lanna agrees with this statement i read today :-

" What will necessarily capture the eyes of the bears is that on a log scale we failed on the 61.8% retracement line at the highs (see weekly chart), so a very bearish argument can be made that we are entering the next huge sell-off from a technical standpoint. "

p.s. do you think we should send a search party to the Whitsunday Passage to

look for zorro ! I am getting worried.

Technically it's a good place to take a break. Huge profits made and because it rolled into a new year a good chance to defer taxation.

Nothing has to happen because some technical condition exists but it creates opportunity and risk because probabilities are much easier to assess. I wouldn't call this much of a correction, given the advance, and there are plenty of other sectors to rotate in from to keep it propped for awhile. Gold for instance. I would be watching market internal like advance / declines and new 52 week highs/lows for clues.

[lannarebirth]

Some ugly Monthly candles out there. Copper, for one.

[hawthorne]

I am not a day trader.

I buy and hold. I am holding and adding.

To answer your question I guess I never am really out ever totally. I am always looking for undervalued investments anywhere. Ok I liked Russia and its potential but the risk I could not totally agree with(yep I missed it but it happens). I am long on China, India and Latin America (primarily Brazil). I am american so I am always invested in my own country with individual stocks for growth and income(dividend stocks and utilities). I always use dollar traded funds.

I know oil best but never trade in it since it is my lively hood (a good bit of my retirement is in oil through pension). I know gold mining stocks second best and since I am a buy and hold I sold in 2008 some time and valuations still look extremely too high for buy and hold opportunity. I will wait another 10 years if I have to no problem.

For you day traders and 1/8 players good luck and happy hunting. It is always fun to watch you guys talk about last hour, the close, the open, head and shoulders, the spike, the knife, candle stick, bands. It reminds me of being at the craps table and watching the method plays. Drives me nuts to watch them laying down those chips.

I like to put money in objects I can get enjoyment out of while it may increase in value. Like the home or my Tree farm. For some collecting coins. Vacation home. A classic auto.

[midas]

Buy a NYSE Dow 10,000 hat for good cause

[basjke]

Buy a NYSE Dow 10,000 hat for good cause

THey soon gonna sell below MARKET price.

[zorro1]

hhhhhnf;wqjkefr

I don't really follow stocks flying, but I would say the market is in a corrective phase into February or March. Barring some global financial catastrophe I would expect the market to make another run at highs or to new highs. Later in the year I'm less optimistic.

Another one?

Kidding......Thanks for the outlook/opinion

Frankly the concept that people make money by examining the historic trading of a stock, stockmarket or currency is counter-intuitive. Still, although I dont understand technical analysis really, I am constantly amazed how accurate it tends to be (Lanna has pretty well called the market right on this thread) - he would have certainly beat any fundamental analyst (although the fundamental analyst would claim he makes money out of stocks rather than markets.)

The whole thing is made ludicrous by all the tech speak - you know 'this is obviously a reverse double head and shoulders'. Technical guys like to shroud it all in magic. To me, not that I know anything about it, charts show patterns of mass market psychology (which is why equity charts are extremely popular in studies of behavioral economics and used to determine the difference between rational economics/chaos theory/random walk and reality.

One day soon someone will explain explain the psychology behind market movements (apart from greed and fear) - we are all fooled by this 'elliott 5th wave' stuff because these guys dont want anyone to find out and spoil their market.

same same ! i wonder if Lanna agrees with this statement i read today :-

" What will necessarily capture the eyes of the bears is that on a log scale we failed on the 61.8% retracement line at the highs (see weekly chart), so a very bearish argument can be made that we are entering the next huge sell-off from a technical standpoint. "

p.s. do you think we should send a search party to the Whitsunday Passage to

look for zorro ! I am getting worried.

Zorro is just fine LOL. Great fishing out there! I see the bears are out in full force and midas still yapping away. Well did what I said I would do and sold most once the dow was out of the trading channell. am bounce trading now .funny bhp still above 40 and rio still over 70 bucks.pennies and mid caps starting to slide obviuously.Yes Im bearish grrrrrrrrrrrrrrrr but getting ready for the next run up which may start to happen about now. took some small postions short term today but only toe dipping. And midas i didnt sell at the top but then again didnt buy at the bottom either

[midas]

p.s. do you think we should send a search party to the Whitsunday Passage to

look for zorro ! I am getting worried.

Zorro is just fine LOL. Great fishing out there! I see the bears are out in full force and midas still yapping away. Well did what I said I would do and sold most once the dow was out of the trading channell. am bounce trading now .funny bhp still above 40 and rio still over 70 bucks.pennies and mid caps starting to slide obviuously.Yes Im bearish grrrrrrrrrrrrrrrr but getting ready for the next run up which may start to happen about now. took some small postions short term today but only toe dipping. And midas i didnt sell at the top but then again didnt buy at the bottom either

Yes things went a bit sour while you were fishing

so if there is a " next run up " it will prove you ARE THE MARKET.....you and a few robots

[zorro1]

yes they did but it did very well and not fussed if i dont touch the market again BUT there will be a bounce and dont want to miss it. after that you can call me MR Market lol. Im mostly cash now and can afford to be a lot of free carry. Still bearish for now though so go pick on a bull for some reason I cant reply to posts maybe everyone has me on ignore, everyone hates a winner in LOS

[churchill]

"There's Nothing Good Here"

http://www.zerohedge.com/article/guest-pos...thing-good-here

[zorro1]

Correction Or Reversal?

Dow Jones Industrial Average

The Dow found support at 10000 after breaking through the lower border of the (rising) broadening wedge formation. Expect a brief rally followed by another test of support. Failure would signal a correction to 9000 — the base of the wedge. Twiggs Money Flow (21-day) breakout below zero would strengthen the (correction) signal. Recovery above 10500 is unlikely, but would indicate another advance.

<a href="http://s295.photobucket.com/albums/mm145/maksicz/?action=view&current=20100201_djiaa-1.png" target="_blank"><img src="http://i295.photobucket.com/albums/mm145/maksicz/20100201_djiaa-1.png" border="0" alt="Photobucket"></a>

Edited February 2, 2010 by zorro1