Hiding Bear Posted July 26, 2004 Report Share Posted July 26, 2004 Welcome to another week of trading, humor, insights, served with political barbs and what-not at B4 the Bell! B4 has as its central theme short-term trading, lead by the astute technician Brain4. But it is also about what ever members think affects that - in a cordial atmosphere of a 24/7 international family lounge. The trends in place the last four weeks look like, in IMO, to continue. Keep on rolling down. Welcome also new forum members, your Rules of Engagement: During trading hours, 9:30 AM to 4:00 PM eastern US time, please try to keep off-topic stories to a short size - or just provide a link to your discussion on LOB, Political Stool, whatever... Also please avoid negative comments about fellow posters. Make up your own mind about the credibility of various media sources linked here and do your own due diligence on individual stocks and trading techniques. If you don?t like someone?s views, skip to the next post! Tanks! Good trading! Link to comment Share on other sites More sharing options...
DrStool Posted July 26, 2004 Report Share Posted July 26, 2004 Nas 1500? Long Term Outlook Update Your Anals are loaded. Take a subscribatory and download RIGHT NOW! 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
Guest Posted July 26, 2004 Report Share Posted July 26, 2004 Clearly, make work is in progress to help the employment figures as well as tax-cut permanence to push-up GDP figures. Agenda Pared to Essential Business When Congress Returns This Fall By Mary Dalrymple Associated Press Writer Published: Jul 26, 2004 http://ap.tbo.com/ap/breaking/MGB9055A4XD.html Link to comment Share on other sites More sharing options...
Hiding Bear Posted July 26, 2004 Author Report Share Posted July 26, 2004 Clearly, make work is in progress to help the employment figures as well as tax-cut permanence to push-up GDP figures. Agenda Pared to Essential Business When Congress Returns This Fall By Mary Dalrymple Associated Press Writer Published: Jul 26, 2004 http://ap.tbo.com/ap/breaking/MGB9055A4XD.html Another financial must-do bill increases the government's $7.4 trillion borrowing limit. The vote is always touchy, particularly for Republicans at this time of record federal deficits. Many in the GOP would like to see that vote postponed until after the elections. Congress actually built in a series of tax increases effective with the 2005 year. In 2006 there are further increases. Tax cuts were intended to "jump start" the economy in late 2001, and 2002, 2003, and early 2004 (quite a long jump start!). It was assumed the economy would be in better shape in 2005 and 2006. This is a last minute bait and switch tactic where Congress talks about fiscal conservativism and economic growth while actualy implementing a permenent deficit spending policy based on anticipated fear of economic failure. Political bickering is clouding the outlook over when Congress will extend several popular tax provisions scheduled to expire at year end, including partial relief from the so-called marriage penalty and the alternative minimum tax. Even so, tax advisers remain optimistic that the expiring provisions will be extended, either this year or even next year. The reason is simple: No action at all would mean tax increases for millions of voters next year. "Chances of this package passing prior to Election Day still are very high," says Mark Garay, director of tax-policy services at Deloitte & Touche in Washington. "This is all about the elections. In an election year, not even deficit hawks want to be on record voting against tax relief, especially legislation that will benefit families, among others." http://online.wsj.com/article/0,,SB1090445...html?mod=COLUMN Link to comment Share on other sites More sharing options...
HiHat Posted July 26, 2004 Report Share Posted July 26, 2004 without (too much) doubt.........if 1181 is taken out.........1060's ought to come into clear focus. i still think what is likely to develop, is a reflex up to 1102ish. should correct back down there, but must be evaluated at that time. Link to comment Share on other sites More sharing options...
HiHat Posted July 26, 2004 Report Share Posted July 26, 2004 should correct back down..from... there, but must be evaluated at that time. Link to comment Share on other sites More sharing options...
DrStool Posted July 26, 2004 Report Share Posted July 26, 2004 Looks Gloomy But With a Glimmer Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW! 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
HiHat Posted July 26, 2004 Report Share Posted July 26, 2004 PERSPECTIVE............i niether endorse nor believe in anything..... Here's an interesting tidbit that might be relevant since we made over 2000 new 20 day lows this past week. Since September, 2002, if you make 2000+ new 20 day lows and then wait for the first day in which 20 day new highs outnumber new lows (N = 5), the market moved higher over the next five weeks on all five occasions by an average of 3.45%. I suspect this is a way of capturing trend momentum in a bull market, with a similar logic applying over shorter time frames. http://www.brettsteenbarger.com/weblog.htm Link to comment Share on other sites More sharing options...
HiHat Posted July 26, 2004 Report Share Posted July 26, 2004 i can't spell either Link to comment Share on other sites More sharing options...
Drano Posted July 26, 2004 Report Share Posted July 26, 2004 i can't spell either Like this: E - I - T - H - E - R Link to comment Share on other sites More sharing options...
Guest Posted July 26, 2004 Report Share Posted July 26, 2004 i can't spell either Ha. That is an affliction most of us are bound to repeat endlessly. Then....add typing. Link to comment Share on other sites More sharing options...
brian4 Posted July 26, 2004 Report Share Posted July 26, 2004 Just got in after 35 minutes, they have the death ray turned on early, window in effect now till 5 minutes past the hour- the Chairthrower is in Da House, Helmets on, buckle up! Link to comment Share on other sites More sharing options...
yellowfish Posted July 26, 2004 Report Share Posted July 26, 2004 Doc - I had trouble getting in to the web site in today. Error message seemed to say traffic was too high at capitalstool.com. Link to comment Share on other sites More sharing options...
Bearman Posted July 26, 2004 Report Share Posted July 26, 2004 Just got in after 35 minutes, they have the death ray turned on early, window in effect now till 5 minutes past the hour- the Chairthrower is in Da House, Helmets on, buckle up! ROGER THAT Link to comment Share on other sites More sharing options...
RobertTheBruce Posted July 26, 2004 Report Share Posted July 26, 2004 Took me fifteen mins to log on to the board today, looks like others are having the same problem. Link to comment Share on other sites More sharing options...
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