cwd Posted June 30, 2009 Report Share Posted June 30, 2009 Posted on Political Stool Take your own medicine Why do I even bother putting it there... I don't know. Link to comment Share on other sites More sharing options...
quanta Posted June 30, 2009 Report Share Posted June 30, 2009 Posted on Political Stool Take your own medicine Why do I even bother putting it there... This video needs to be played on every major station during prime time at least as many times as the Viagra commercials. That should create real change we can all believe! Thanks for the video! Yeah, maybe it should be played, most very likely it won’t. Ever wonder about that? I am getting more and more depressed about any likely change in these here States. There is an absolute depravity of utter mental breakdown and hopelessness. Seems like most are waiting for the PTB to fix it all and return to those glorious days of yesteryear. Sorry, it ain’t gonna happen. Look at Kalifornicate as a bell weather of what’s coming. Lotta hard rain gonna fall. Link to comment Share on other sites More sharing options...
phatbubble Posted June 30, 2009 Report Share Posted June 30, 2009 IMHO this thing's nearly cooked. Maybe 2 more weeks before we really roll....if roll we do. Link to comment Share on other sites More sharing options...
psyche doctor Posted June 30, 2009 Report Share Posted June 30, 2009 below is a chart of the dow with EW count and possible head and shoulders. If it is a head and shoulders, the right shoulder would be forming now. According to my count, we are in some kind of wave 4 correction. This is an area where H & S often doesn't happen where many are seeing the pattern but don't realize it could be just a wave 4 correction and then wave 5 up occurs invalidating the H & S. Now, if the h&S is valid, it could invalidate the wave count. I guess, at this point, it's anyones guess. Link to comment Share on other sites More sharing options...
snorkels4 Posted June 30, 2009 Report Share Posted June 30, 2009 just so happens bb midline at 86 too Visit My Website http://stockcharts.com/h-sc/ui?s=$IND...id=p65791788492 Link to comment Share on other sites More sharing options...
phatbubble Posted June 30, 2009 Report Share Posted June 30, 2009 Yeah Psyche there are H&S galore waiting to be completed. If so it should be an interesting couple days at the neckline(s). Especially if it's during opex week. I'd vote for a double headfake breakdown (breakdown, reclaim, breakdown). Link to comment Share on other sites More sharing options...
bundys_dodge Posted June 30, 2009 Report Share Posted June 30, 2009 below is a chart of the dow with EW count and possible head and shoulders. If it is a head and shoulders, the right shoulder would be forming now. According to my count, we are in some kind of wave 4 correction. This is an area where H & S often doesn't happen where many are seeing the pattern but don't realize it could be just a wave 4 correction and then wave 5 up occurs invalidating the H & S. Now, if the h&S is valid, it could invalidate the wave count. I guess, at this point, it's anyones guess. Ray of hope... for the underwater bears... Link to comment Share on other sites More sharing options...
TenaciousG Posted June 30, 2009 Report Share Posted June 30, 2009 Ok, oil at $73/bbl and looks to run higher. When does the love affair between oil and the market end in a nasty fight and breakup? Tomorrow may be that day. Anyone know where to get the best news on what is going on in Nigeria or what may be impacting oil? Link to comment Share on other sites More sharing options...
quanta Posted June 30, 2009 Report Share Posted June 30, 2009 Ok, oil at $73/bbl and looks to run higher. When does the love affair between oil and the market end in a nasty fight and breakup? Tomorrow may be that day. Anyone know where to get the best news on what is going on in Nigeria or what may be impacting oil? Well, there's always the EIA. Nobody expects the EIA! * Spot prices for crude oil and petroleum products have increased over the past month. The price of West Texas Intermediate (WTI) crude oil is expected to average $67 per barrel for the second half of 2009, an increase of about $16 compared with the first half of the year. * The average U.S. price for regular-grade gasoline, at $2.62 per gallon on June 8, was almost 60 cents per gallon higher than its price at the end of April. Regular-grade gasoline prices are expected to reach their summer seasonal peak in July, with a monthly average close to $2.70 per gallon. The annual average regular-grade gasoline retail price in 2009 is expected to be $2.33 per gallon, rising to $2.56 in 2010. The annual average diesel fuel retail prices are expected to be $2.40 and $2.67 per gallon in 2009 and 2010, respectively. * The monthly average Henry Hub natural gas spot price is expected to stay under $4 per thousand cubic feet (Mcf) until late in the year as abundant natural gas supplies converge with weak demand driven by an 8-percent decline in industrial sector consumption. The price is projected to increase from an average of $4.13 per Mcf in 2009 to an average $5.49 per Mcf in 2010 as expected economic growth boosts industrial consumption of natural gas. * Based on the current Atlantic hurricane season outlook from the National Oceanic and Atmospheric Administration (NOAA), EIA estimates expected production shut-ins on the U.S. Gulf Coast during the upcoming hurricane season (June through November) of about 4.5 million barrels for crude oil and 36 billion cubic feet for natural gas (see the 2009 Outlook for Hurricane Production Outages in the Gulf of Mexico). Actual shut-ins are likely to differ significantly from this expectation depending on the number, track, and strength of hurricanes as the season progresses. Link to comment Share on other sites More sharing options...
T_Slim Posted June 30, 2009 Report Share Posted June 30, 2009 where's doc? is he okay? Link to comment Share on other sites More sharing options...
psyche doctor Posted June 30, 2009 Report Share Posted June 30, 2009 I've been thinking all day that it seems that everybody thinks the market will be up tomorrow and the rest of the week because it's a holliday and EOQ. This might be true and I will admit that if I knew I would be guessing, but doesn't the market have a tendency to prove most of the people wrong most of the time. Link to comment Share on other sites More sharing options...
TenaciousG Posted June 30, 2009 Report Share Posted June 30, 2009 Looking at the chart there is a lot of overhead resistance @ $75. Perhaps we have a blow off top to $75 and then become range bound between $55 and $75. The last I pulled the world-wide EIA data inventories were tight regardless of whatever US demand destruction was being advertised. Add falling rig counts and declining depletion rates of existing wells then oil has the chance to shoot to $100 at the drop of any supreme leader, czar or il leader's hat. Link to comment Share on other sites More sharing options...
Rationalize Posted June 30, 2009 Report Share Posted June 30, 2009 .. . I am now at insane percentages for closed trades now for the last 6 months.....(thanks to my broker mostly) 77 winners 3 flat trades 2 small losers Holding 1 muni loser but collecting the divies for now. Wow, that's good. Heck.. that's Madoff good! Check your borker's auditor. Link to comment Share on other sites More sharing options...
Rationalize Posted June 30, 2009 Report Share Posted June 30, 2009 well I dunno, maybe stocks do deserve to rally not that the rock-solid economy as anything to do with it, but after all, our brief mini-recession is now over, housing has bottomed (HURRY! DON'T GET PRICED OUT!), good-paying jobs are plentiful and easy to get, inflation is low, gasoline is dirt cheap, the Ditech spigot is running wide open with millions of giant 125% equity checks in the mail, and consumers are loaded with wads of idle excess sideline cash for competitive mall spending, slab granite upgrading, SUV detailing, and leveraged googdonging things are just about as good as they can get........ With volamatility soo low, and insanity so high, it's tempting to dong some cheap cheap put-skis.... Link to comment Share on other sites More sharing options...
psyche doctor Posted June 30, 2009 Report Share Posted June 30, 2009 With volamatility soo low, and insanity so high, it's tempting to dong some cheap cheap put-skis.... I haven't paid attention to options lately. I know the vix is low, but are options considerably cheaper than they were two months ago? Link to comment Share on other sites More sharing options...
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