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The-Shoveler.
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June 8, 2007 at 1:23 PM #57964June 8, 2007 at 1:23 PM #57991
Anonymous
GuestWell, the one day blip was fun while it lasted. Back to PBJ without an apple. Too bad.
My only consolation is that Paris H. is off the streets again; breaks my heart. Anybody have an address for flowers?
June 8, 2007 at 5:29 PM #58030Chris Scoreboard Johnston
ParticipantChris Johnston
Well I ran my system just now, and no sell signal in sight, the one variable that needed to change did not change much as I alluded to yesterday. It is a variable that takes some time to move all the way to the sell side from the buy side. It did move about 5% of what it has to move to generate a sell. We still could re-visit that low, but if we do, it is definitely a short term buy zone, for a hold of a couple of months or so. No celebrating here just due to an up day, we could still re-trace again. I am not predicting it, but it would not shock me. Overall, I still think we will move higher over the next couple of months.
By the next buying opportunity, I meant Octoberish, after a significant drop starting in late summer.
I generally trade stocks for 4 – 6 month holds, my short term trading is in futures, where my average hold period is only about 2 days.
June 8, 2007 at 5:29 PM #58056ParticipantChris Johnston
Well I ran my system just now, and no sell signal in sight, the one variable that needed to change did not change much as I alluded to yesterday. It is a variable that takes some time to move all the way to the sell side from the buy side. It did move about 5% of what it has to move to generate a sell. We still could re-visit that low, but if we do, it is definitely a short term buy zone, for a hold of a couple of months or so. No celebrating here just due to an up day, we could still re-trace again. I am not predicting it, but it would not shock me. Overall, I still think we will move higher over the next couple of months.
By the next buying opportunity, I meant Octoberish, after a significant drop starting in late summer.
I generally trade stocks for 4 – 6 month holds, my short term trading is in futures, where my average hold period is only about 2 days.
June 8, 2007 at 6:20 PM #58038HereWeGo
Participantjg-
I think you might have one more opportunity to sell that bear fund for a reasonable value. The market is clearly far more sensitive to future interest rate concerns than future growth concerns. As economic consensus for Q2 growth grows greater, the fear of a Fed rate hike may cause a downward movement in the market. I would not be surprised to see another down leg next week fueled by those very concerns, although after today’s 150 pt gain on the Dow, I’m a little less confident about that possibility.June 8, 2007 at 6:20 PM #58064Participantjg-
I think you might have one more opportunity to sell that bear fund for a reasonable value. The market is clearly far more sensitive to future interest rate concerns than future growth concerns. As economic consensus for Q2 growth grows greater, the fear of a Fed rate hike may cause a downward movement in the market. I would not be surprised to see another down leg next week fueled by those very concerns, although after today’s 150 pt gain on the Dow, I’m a little less confident about that possibility.June 12, 2007 at 10:33 AM #58665calysmeow
ParticipantChris,
What does your system say today?
June 12, 2007 at 10:33 AM #58694ParticipantChris,
What does your system say today?
June 12, 2007 at 12:09 PM #58703GuestLots of whining going on today on this website and elsewhere:
In China: “Food prices jumped 8.3 percent from a year ago, up from April’s 7.1 percent, the bureau reported.”
Will somebody please tell the Chinese that food and energy price changes are excluded from core CPI calculations. Listen to Ben B. and Alan G., Chinese sheeple. Turn away, those food and energy price increases are not important.
When this is all over in few years (post crash of the dollar), Alan G. will be burned in effigy in many corners of the world.
June 12, 2007 at 12:09 PM #58732GuestLots of whining going on today on this website and elsewhere:
In China: “Food prices jumped 8.3 percent from a year ago, up from April’s 7.1 percent, the bureau reported.”
Will somebody please tell the Chinese that food and energy price changes are excluded from core CPI calculations. Listen to Ben B. and Alan G., Chinese sheeple. Turn away, those food and energy price increases are not important.
When this is all over in few years (post crash of the dollar), Alan G. will be burned in effigy in many corners of the world.
June 12, 2007 at 1:11 PM #58737ParticipantI suspect you might enjoy the next couple of days, jg.
June 12, 2007 at 1:11 PM #58766ParticipantI suspect you might enjoy the next couple of days, jg.
June 12, 2007 at 1:41 PM #58756kewp
ParticipantI’m getting the feeling we are approaching the last move of a jenga game and the tower is starting to wobble a bit…
June 12, 2007 at 1:41 PM #58784ParticipantI’m getting the feeling we are approaching the last move of a jenga game and the tower is starting to wobble a bit…
June 12, 2007 at 1:42 PM #58759GuestNo gloating by you, HWG; that would be unbecoming.
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