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IDS World Markets Fri 3rd October 08


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#16 fxfox

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Posted 03 October 2008 - 06:49 AM

S&P 500 daily

looking at the downtrendchannels one sees how the downmove accelerates. If that 1106 low goes this thing really could crash. Daily RSI (14) is at 38, so there is even if we look at overbought/Dover Sole indicators LOTS OF ROOM to fall.

S_P500daily031008.png
'patriot' is formed with 'patria' and 'idiot'

#17 Drop Zone

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Posted 03 October 2008 - 07:04 AM

Noticed M2 was up "slghtly" this week...

+$165.5 B......bit above average me thinks

M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in
amounts of less than $100,000), less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in
retail money market mutual funds, less IRA and Keogh balances at money market mutual funds. Seasonally adjusted M2 is constructed by summing
savings deposits, small-denomination time deposits, and retail money funds, each seasonally adjusted separately, and adding this result to
seasonally adjusted M1.



http://www.federalre...ses/h6/current/

#18 fxfox

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Posted 03 October 2008 - 07:10 AM

S&P 500 monthly long term

this is my take on the long term S&P 500 discussion. We not draw fibos from the 1974 bottom, the bottom of the last big bear market? I think this is absolutely valid. You see that it broke two uptrendlines and in theory (if we just follow Edwards & McGee for example) then price will now search for the next lower trendline and thats the one around 550. Blue are lin fibos and black are log fibos. We see that also a move to 450 is possible, that would mean that we go to levels we traded in 1994. After we broke these levels to the upside the bull market accelerated, so why should we not go to that break out level again???

First there will be a MAJOR ariund 1000, there we have the monthly tunnel, the monthly SMA 200 and the lin 38 fibo from the 1974 low to 2007 high, so thats three important things, wont break at the first test.

S_P500longterm031008.png
'patriot' is formed with 'patria' and 'idiot'

#19 phatbubble

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Posted 03 October 2008 - 07:11 AM

to get a road map for these times, i went thru the 2001-2002 SPX charts to find a set of candles homologous to this week's. there aren't any.

what impresses me about the current chart:
1) the slope of decline seems to be getting steeper.
2) the trendline underbelly of the last year is now broken.

unless we bounce hard, methinks the cowz are in for some serious pain.

Well, here's the best I can do.

If now is analogous to May 02 (fainter chart, right scale), we get a meager bounce - maybe bailout driven - then things really pick up to the downside.

An analogous bottom would be in late Nov 08, which would line up perfectly with the Bradley bottom in early Dec (assuming the market is frontrunning the Bradley, as often happens when it's 'working').

Or, who knows. I don't.

Attached Thumbnails

  • SPX_2002_2008_compare1.3.png

Quod Severis Metes

Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here.
You haven't answered my question.
Quite right. Interesting. That was quicker than the others.

#20 aussiebear

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Posted 03 October 2008 - 07:39 AM

Thanks Alceringa and PrtzlLogic for your input...

Al, I don't think I have your patience to try different brands and combinations. I suspect the beta blocker dropped my blood pressure down too far and as I wasn't hypertensive to begin with that may have contributed to the depression. Not only that but I was also prescribed an ACE inhibitor several weeks later and I spent a couple of days with dizziness and vertigo. Fortunately I had already dropped the beta blocker. I mean my blood pressure taken at the hospital before the medications was 110/64, why would they put me on those medications? It appears to me there's a standard set of meds they put every heart attack patient on, regardless of individual readings. And no mention by the cardiologist that the extreme dose of Lipitor he's prescribed is going to suppress my liver's production of CoQ10 which affects muscles (of which the heart is one). To say I'm extremely pissed off with the medical fraternity would be an understatement. Thank God for the net...

PrtzlLogic, I will pursue your suggestions, thanks. I'm also going to get a homocysteine level blood test done and see if that's elevated.

#21 astral mike

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Posted 03 October 2008 - 08:24 AM

Wells Fargo to take over Wachovia

The US bank Wells Fargo is to buy its troubled rival Wachovia in a $15.1bn (8.5bn) deal, after Wachovia ditched a deal with Citigroup.



#22 DrStool

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Posted 03 October 2008 - 08:41 AM

Well for me, it's about quality not quantity and I'm used to feeling 99.9% fantastic.  The beta blocker made me depressed and gave me deafening tinnitus and the statin drug caused heart arrhythmia that drove me nuts.  No way am I putting up with that.  The heart attack was a walk in the park by comparison. 

According to my research there's no guarantees that taking either of those drugs will save me from another heart attack. I am looking at alternative approaches including possible deficiencies I may have like coenzymeQ10 and Vitamin B12.  What's the point of being alive and miserable?  None, in my opinion.. :mellow:

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I have had arrhythmia with atrial fibrillation. The doc put me on warfarin and atenolol, and I was still having them. Did some in depth medical research (Google :D ) and found out that the symptoms could be related to low potassium and dehydration. So I started eating a banana every day and upped my water intake from 1 or 2 glasses a day to at least 4 and haven't had an attack of atrial fib since.

to get a road map for these times, i went thru the 2001-2002 SPX charts to find a set of candles homologous to this week's. there aren't any.

what impresses me about the current chart:
1) the slope of decline seems to be getting steeper.
2) the trendline underbelly of the last year is now broken.

unless we bounce hard, methinks the cowz are in for some serious pain.


View Post


I think you have to look at 87, and 1969-74 to find similar patterns.

In addition to CoQ10, you should look into L-Carnitine.  Cayenne pepper also has some miraculous heart healing properties (you can buy this in supplement form) -- scientists have kept heart muscle alive (and actually growing) for years by feeding it nothing else but Cayenne.  Garlic of course is the old standby and you should definitely add a good garlic supplement to your diet.  Vitamin E, Alpha Lipolic Acid, and Hawthorne are all worth a look too.

Check on Amazon for a book called "L-Carnitine and the Heart"

Please note that I'm not giving you any specific medical advice.  But after my dad had his second heart attack, I did months of research on natural cures.  The things I've listed are all backed by very promising research, with very little or no side-effects.

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Pretzl- do you still have those great Mad Magazine covers you did back in 2001? Hope you do. They were classic. I can't find them in my files.

Noticed M2 was up "slghtly" this week...

+$165.5 B......bit above average me thinks

M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in
    amounts of less than $100,000), less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in
    retail money market mutual funds, less IRA and Keogh balances at money market mutual funds.  Seasonally adjusted M2 is constructed by summing
    savings deposits, small-denomination time deposits, and retail money funds, each seasonally adjusted separately, and adding this result to
    seasonally adjusted M1.
http://www.federalre...ses/h6/current/

View Post


The governments money supply numbers are pure fiction. The longer I see the numbers holding at these levels the more incredulous I am. Completely bogus and misleading. There's been massive credit destruction and the Ms haven't budged. It's a joke.

Meanhwhile, my instincts were bad yesterday in doubling my short bet before the close. Looks like the market will open strong. After that I don't know. The 3 day cycle MA on the qqqq is at 37.35. 5 day at 37.86. 3 and 5 day cycle indicators have large positive divergences versus Monday's low, so there's some potential for a turn here.

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#23 alceringa

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Posted 03 October 2008 - 08:47 AM

Not sure how the Google smart ad server works for everyone, but right now I'm getting these here in Oz-

-Find out which banks are closing next.
-Stocks ready to soar!
-Homeopathic remedies for High Blood pressure.
"Americans can always be counted on to do the right thing...after they have exhausted all other possibilities."
Churchill

"You can fool some of the people all of the time."
Lincoln

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
Jefferson

#24 Sudaca

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Posted 03 October 2008 - 08:48 AM

According to Gloomberg, Schwarzenegger asked Treasury for $7bn.

"I'll pay back" :lol:
Thanks, David

#25 alceringa

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Posted 03 October 2008 - 08:54 AM

Jobs down 159K.

Is that a lot?
"Americans can always be counted on to do the right thing...after they have exhausted all other possibilities."
Churchill

"You can fool some of the people all of the time."
Lincoln

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
Jefferson

#26 I_Am_Madness

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Posted 03 October 2008 - 08:59 AM

Dollar rallying against the Euro on the jobs report. How does a bad job report become bullish for the dollar?
Stop the Madness

#27 DrStool

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Posted 03 October 2008 - 09:00 AM

Precious Metals - http://wallstreetexaminer.com/?p=3217

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#28 fxfox

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Posted 03 October 2008 - 09:01 AM

Acoring to Gloomberg, Schwarzenegger asked Treasury for $7bn.

"I'll pay back"  :lol:

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:lol: :lol: :lol:
'patriot' is formed with 'patria' and 'idiot'

#29 DrStool

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Posted 03 October 2008 - 09:02 AM

Dollar rallying against the Euro on the jobs report.  How does a bad job report become bullish for the dollar?

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Obviously it's not. I still think this is being driven by the catastrophic worldwide shortage of dollars.

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#30 DrStool

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Posted 03 October 2008 - 09:05 AM

qqqq banging against the 3 day cycle MA now at 37.34.

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