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aussiebear

IDS World Markets Fri 12th October 07

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Say it ain't so. Hank :angry:

 

MARKET SOS TO THE SEC

By JOHN CRUDELE

 

 

October 11, 2007 -- DID Federal Reserve Chairman Ben Bernanke give away any secrets to Treasury Secretary Hank Paulson when the two had an hour-long lunch on Aug. 16?

And did Paulson share what he and Bernanke discussed with anyone in the hours immediately after that lunch?

 

 

http://www.nypost.com/php/pfriendly/print...._to_the_sec.htm

614656[/snapback]

 

And in other news, the sun rose in the east this morning. 9 out of 10 anal cysts polled believe the sun will continue rising in the east driven by low inflation, money on the side lines, baby boomers..... The lone dissenting anal cyst was a bitter short seller.

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Keep on walking ,boys everything is under control. :lol:

 

ECONOMIC REPORT

PPI unexpectedly rises 1.1% on food, energy

Core wholesale inflation stays moderate with September's 0.1% gain

By Greg Robb, MarketWatch

Last Update: 9:04 AM ET Oct 12, 2007Print E-mail Subscribe to RSS Disable Live Quotes

WASHINGTON (MarketWatch

http://www.marketwatch.com/news/story/us-p...38F09BD7BBB6%7D

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I guess we will find out if p/c ratios really do mean anything at all. Currently at .70. Fairly low yesterday too as market dropped in afternoon.

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qqqq 5 hr projection now looks 53.35. 3 day cycle initial projection 53.40

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spx 5 hr cycle projection 1567-68, for what its worth. First they gotta get through that busted uptrend line and the 5 day cycle MA at 1562.65.

 

Vee shall zee.

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Spoozer busted the trendline off the 9/24 lows (1507) with some authoritah yesterday. Now we need to find out whether it was a fakedown breakdown or not. I s'pose a move back over 1565 should answer that question.

 

Pulling back a bit further, the SPX is now pivoting around the topping zone from July b/w 1532-1555. If/when 1532 gives way, it opens up a move back down to 1490-1510ish.

 

If we get a selldown to those lower levels, looks like a brick wall formed down around 1490ish where the neckline of the reverse McHuge is located.

 

So if we do get a near-term top, whether now or later this month, strikes me that the downside would be contained in the 1490ish zone, which would be about a 5.5% decline from the 1576 peak. Obviously, if we go higher than 1576, then the selloff would/could be larger in pct terms.

 

Of course, if 1532-1540 holds, the Spoozer might just keep on a-rampin' to points unknown without a smackdoodle. There's always that possibility.

 

But with so many of the gitchies giving off frothy signals, there's a good chance the fraudexes will need to get at least a brief 5%+ whuppin' to re-set the table a bit.

 

It's unusual to see froth rear its head in Oct, since this is more frequently a month where we find dDover Sole lows. But that's the way the crooks have set it up this time 'round.

614664[/snapback]

 

Here's my take on the subject

post-1624-1192202117_thumb.jpg

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qqqq 3 day cycle projection now 53.79

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Odds, can you explain that chart? Thanks.

614671[/snapback]

 

post-1110-1192203050.jpg

 

Any more questions?

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Odds, can you explain that chart? Thanks.

614671[/snapback]

 

Ooops, I thought it was pretty much self-explanatory:

 

green zone and above - bullish,

yellow - caution, below - air pocket

red - danger.

 

Next turn expected by the end of next week.

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the .618 fiber nacho was at 53.31

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Odds, can you explain that chart? Thanks.

614671[/snapback]

 

Ooops, I thought it was pretty much self-explanatory:

 

green zone and above - bullish,

yellow - caution, below - air pocket

red - danger.

 

Next turn expected by the end of next week.

614674[/snapback]

Thanks. The "red" zone shows as light orange on my monitor -- looked like some delicious multi-flavor sherbet.... guess it's getting close to lunch time. :lol:

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.50 fiber nacho on spx 1561.63.

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Every position in my port is decreasing in oscillation and appears headed for a Friday flatline. <_<

 

flatline.jpg

 

Oh god of volitility, speak to us, in a loud voice so we can know our puts are pleasing in your sight (and so I don't have to play freecell all day. :lol: )

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