Monday, December 17, 2007

Thanks For Being With Us




Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of. We traded today attempted to purchase the market at the most promising support point. The trade did not work out and we Had made/lost nothing on it. If anybody is long that long position should , at this point, not accede more than 10% of regular position.

Hi Boris, Here are trendline charts for the $SPX using a new pivot series and shows a .5000 node and a trendline touch probably immanent early tomarrow..Now that will produce a bounce. The trendline target? 1437.88. Pretty close to 1438. I would say...Can't say at this point if this pending bounce means decline is over, my gut feel is that we are headed for the regular type trendline that connects 8/16/07 with 11/26/07, but some kind of bounce should be in the cards tomarrow...Regards,Mark L.

11 comments:

young grasshopper said...

While driving to work this morning, the local radio station business report stated that even as the markets are going lower now, they are expected to be going up in 2008 due to the US Presidential cycle.

Got a bit of discounted stocks, but kept it minimal as you recommended.

There are sales at the shopping malls as well as the stock markets.

boris said...

Dear Grasshopper,
Enjoy,
I believe, you know that I mostly recommend the high Yield safe stocks for purchase, as they can protect you either way.

If the Economy is good they will give you dividend and some growth and if the economy is bad they will give you dividend to allow you waiting ( long time if necessary) for economy to come back.

So, For example Canadian Banks, Some USA banks ( USB,WFC) and Development companies GLAD/ACAS. They throw very good dividends. and are safe for years to come.

GOod Trading

Sqroot said...

Wanna read something scary?

http://financialsense.com/fsu/editorials/martenson/2007/1217.html

sample:
"So what was the purpose of the New Hope deal? Simple. It is intended to bail out big banks and mortgage companies who simply do not wish to recognize the actual value of the mortgages they hold at current market prices. When houses enter foreclosure and then get sold, a price discovery event happens that ‘hits the books’ of the financial institution involved."

Article: "Housing - simple as that"

We're going to get screwed real good.

Jason said...

sqroot,

We only get screwed if they do bail out th big banks. I don't know if the FED has enough juice left to keep convincing everyone they should do this. I am starting to get the feeling that a few of the big banks with go belly up and others might get broken up. They won't get out of this cut and dry it is to big of a mess.
If they bail out the average home buyer/investor I will be standing in line to get any and all trading losses I have incurred.
Jason

boris said...

Dear Sqroot,
Thanks

GOod Trading

Sqroot said...

Jason, I think you are right, lots of banks are going belly up, but I'm afraid they will use our money to try to save them until the end, rather than just doing the right thing.
Thank you Boris, good trading.

boris said...

Dear Jason/Sqroot,
Agree with the sentiment expressed here on both counts.

When was it Apparatchiks have stopped/refrained from using our money to try and do things.

Good Trading

Voltaire said...

Ongoing Gann square of 90.

http://users.bigpond.net.au/jconnell/tues1.gif>

Jason said...

Voltaire,

Am I correct when I look at the chart you posted as saying that we are currently setting at the 3/4 point and are looking at a spot to watch for a turn?

Thanks,
Jason

boris said...

Dear Jason,
I will try to answer, as Dear Voltire may not be reading our question at this time.

The 3/4 implies that we are 3/4 of the days away from completing the 90 ( calendar ) day move ( GANN 90 Dya SQUARE) from the ( assumed) top, see picture.

GOod Trading

boris said...

Dear Jason,
And Yes, likely turn there.

GOod Trading