K Wave Rider Posted February 13, 2009 Report Share Posted February 13, 2009 Bullz were not able to knock SRS outta da airgap...another push above that blue line, and odds are she goin' all the way to the other side.... Link to comment Share on other sites More sharing options...
Charmin Posted February 13, 2009 Report Share Posted February 13, 2009 According to Bill Mclaren the very strong "90 day period" from a low is fast approaching. He calls the trading range "distribution." "there is now a probability the downtrend should resume next week." "If the November lows are broken as I am forecasting the market will move back above those lows on the next rally. That will occur because that is how bear campaigns behave this late in the trend." Bill Mclaren http://www.mclarenreport.net.au/articles/a...ROPE/Page1.html Link to comment Share on other sites More sharing options...
K Wave Rider Posted February 13, 2009 Report Share Posted February 13, 2009 ES puts in da pivot at the 825 battle line.... now we see if bully takes hold of this thing, or bears force a fumble.... Link to comment Share on other sites More sharing options...
4shzl Posted February 13, 2009 Report Share Posted February 13, 2009 There was posted a recent article in Barrons about some guy who was expressing concern for a depression and advocating positions in gold & treasurys. Anyone have that link handy to repost? I want to share it with a friend. Worth printing and re-reading carefully, imho: Link Link to comment Share on other sites More sharing options...
lineup32 Posted February 13, 2009 Report Share Posted February 13, 2009 NVIDIA: "For the fourth quarter of fiscal 2009, revenue was $481.1 million compared to $1.2 billion for the fourth quarter of fiscal 2008, a decrease of 60 percent." http://sev.prnewswire.com/computer-electro...10022009-1.html "Everyone in the market suffered reduced shipments ? some suffered more than others. In this quarter, Nvidia has taken back some market share from AMD?s ATI division. For more detail see Table 2." http://jonpeddie.com/press-releases/detail..._shipments_dive Cheap excess credit, tax windfalls and accounting fraud rather then innovation and productivity have been the key economic drivers. Big shock to tech bulls!! Link to comment Share on other sites More sharing options...
Jimi Posted February 13, 2009 Report Share Posted February 13, 2009 Worth printing and re-reading carefully, imho:Link Bingo! Thanks - I thought it was important, too. The conversation here turns from time to time about efforts to guide the thinking of friends & family to what we understand here to be the dire reality. This was one of those rare pieces from a familiar publication that might serve the purpose. Link to comment Share on other sites More sharing options...
Rounder Posted February 13, 2009 Report Share Posted February 13, 2009 I guess DXO is lagging spot by a day... Link to comment Share on other sites More sharing options...
Speakeasy Posted February 13, 2009 Report Share Posted February 13, 2009 Vote on the StimPack is in progress. Results of the vote should spring a move. I'm betting down, but wouldn't rule out a quick cha cha. Link to comment Share on other sites More sharing options...
4shzl Posted February 13, 2009 Report Share Posted February 13, 2009 WMT: LOD. Continues to languish below OCT lows. Link to comment Share on other sites More sharing options...
Rounder Posted February 13, 2009 Report Share Posted February 13, 2009 ES broke, need NQ an DJr to follow now Link to comment Share on other sites More sharing options...
K Wave Rider Posted February 13, 2009 Report Share Posted February 13, 2009 Worth printing and re-reading carefully, imho:Link Thx, great read... makes great points about why what congress is doing now is pretty much barking up the wrong tree... short summary....we need to liquidate/restructure the zombies, not keep them on life support, cuz the dollars to service the debt just aint there.... And if prior cycles are any indication, we got a long way to go on the debt defaltion.... chart from the article... Link to comment Share on other sites More sharing options...
Trader Joe Posted February 13, 2009 Report Share Posted February 13, 2009 Link to comment Share on other sites More sharing options...
K Wave Rider Posted February 13, 2009 Report Share Posted February 13, 2009 ES just tagged 500/750/1000 tick 900s...this is likely the decision point..... Link to comment Share on other sites More sharing options...
K Wave Rider Posted February 13, 2009 Report Share Posted February 13, 2009 NQ 2nd tag of 1230 Link to comment Share on other sites More sharing options...
Trader Joe Posted February 13, 2009 Report Share Posted February 13, 2009 Thx, great read... makes great points about why what congress is doing now is pretty much barking up the wrong tree... short summary....we need to liquidate/restructure the zombies, not keep them on life support, cuz the dollars to service the debt just aint there.... And if prior cycles are any indication, we got a long way to go on the debt defaltion.... chart from the article... Based on that, and assuming history repeats to a degree, looks as though we are at the start of our own "lost decade" This is gonna suck. Link to comment Share on other sites More sharing options...
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