$INDU in doo-doo - Page 3 - Penny Stocks

Canestsal · Wed, 11-07-2007, 10:49 PM

lots of blood on the walls again today. I'm still short on the Q's.

Josh

Iam Nottadog · Wed, 11-07-2007, 11:36 PM

yuk yuk yuk, my FSLR up more than 14% Tuesday, only down about 1.5% today, Iam long in it. NFLD Iam short and it falls slow but nice. WOOF nd FOOW, the best of both wirlds!

Canestsal · Thu, 11-08-2007, 12:39 PM

If 13100 doesn't hold, then we are heading for 11600 ... which is much needed and would be an overall healthy thing ... as painful as it is right now.

Canestsal · Fri, 11-09-2007, 11:05 AM

hoooooo doggies ... what a spanking this week.

Josh ...

(... and the markets are pretty bad too, lol.)

whizknock · Fri, 11-09-2007, 07:41 PM

Quote:

Originally Posted by Canestsal

If 13100 doesn't hold, then we are heading for 11600 ... which is much needed and would be an overall healthy thing ... as painful as it is right now.

But I have to say I hope you're right!

capt_nemo · Fri, 11-09-2007, 09:02 PM

Quote:

Originally Posted by Canestsal

hoooooo doggies ... what a spanking this week.

Josh ...

(... and the markets are pretty bad too, lol.)

you nasty boy!!! and yes reality of what the DOW component's are and have really been doing for the last year or so, is coming to light. I have read and IMHO a very small %age of Dow stocks did any good at all, but the DOW made this great rise for the year on very few stocks, Like I have said before, I thought all stocks in the Dow weighed evenly as a total number of stocks that a %age gain or loss was calculated!!!!, Artificially pumped up, again IMHO

whizknock · Mon, 11-12-2007, 04:07 PM

Still dropping. Now below 13,000. Canestsal why do you think it will find support at 11,600 & not 12,500? You're talking about a drop of 14,000 points from present levels. Thanks for any response.

Canestsal · Mon, 11-12-2007, 06:58 PM

hey whizknock,

11900 (S1) Next level of support
11600 (1400 pt. drop) is the 50% weekly fibonacci retrace
10700 (S2) Next level of support
10500 60 EMA

AJMHO!

Josh

Canestsal · Mon, 11-12-2007, 07:10 PM

Imho,

- The banks are getting slaughtered right now with all the ABCP problems.
- The banks are writing down billions in ABCP losses right now
- Has caused a credit crunch, and banks have shored up loans
- Has reduced access to credit and cash by smaller companies
- Banks are selling liquid market assets to cover some of their losses.
- This is causing downward pressure on the markets.
- Increases short interest.
- Fed will be forced to raise interest rates in December to intice foreign investing in the US.
- Higher interest rates will worsen the ABCP problem, and will occur during the time in which banks are recording Q3 earnings (which will include the write downs).
- A handfull of companies have being carrying the DOW for the past year. GOOG, BIDU, BRCM etc.

IMHO, we still may be in a secular bull market and there is a lot of cash still sitting on the sidelines looking for a place to invest. However, now is a good time to be short or cash on the market until the volatility is sorted out.

capt_nemo · Mon, 11-12-2007, 09:03 PM

Quote:

Originally Posted by Canestsal

Imho,

- The banks are getting slaughtered right now with all the ABCP problems.
- The banks are writing down billions in ABCP losses right now
- Has caused a credit crunch, and banks have shored up loans
- Has reduced access to credit and cash by smaller companies
- Banks are selling liquid market assets to cover some of their losses.
- This is causing downward pressure on the markets.
- Increases short interest.
- Fed will be forced to raise interest rates in December to intice foreign investing in the US.
- Higher interest rates will worsen the ABCP problem, and will occur during the time in which banks are recording Q3 earnings (which will include the write downs).
- A handfull of companies have being carrying the DOW for the past year. GOOG, BIDU, BRCM etc.

IMHO, we still may be in a secular bull market and there is a lot of cash still sitting on the sidelines looking for a place to invest. However, now is a good time to be short or cash on the market until the volatility is sorted out.

- A handfull of companies have being carrying the DOW for the past year. GOOG, BIDU, BRCM etc.
All a smoke and mirror tactic by the powers that be, IMHO:

Wed, 11-07-2007, 10:49 PM	#21 (permalink)
Canestsal Super Member Join Date: Jul 2006 Location: Wine Country Posts: 439	lots of blood on the walls again today. I'm still short on the Q's. Josh __________________ "None are so hopelessly enslaved than those who falsely believe they are free" Johann Wolfgang von Goethe

Thu, 11-08-2007, 12:39 PM	#23 (permalink)
Canestsal Super Member Join Date: Jul 2006 Location: Wine Country Posts: 439	If 13100 doesn't hold, then we are heading for 11600 ... which is much needed and would be an overall healthy thing ... as painful as it is right now. __________________ "None are so hopelessly enslaved than those who falsely believe they are free" Johann Wolfgang von Goethe

Fri, 11-09-2007, 11:05 AM	#24 (permalink)
Canestsal Super Member Join Date: Jul 2006 Location: Wine Country Posts: 439	hoooooo doggies ... what a spanking this week. Josh ... (... and the markets are pretty bad too, lol.) __________________ "None are so hopelessly enslaved than those who falsely believe they are free" Johann Wolfgang von Goethe

Mon, 11-12-2007, 06:58 PM	#28 (permalink)
Canestsal Super Member Join Date: Jul 2006 Location: Wine Country Posts: 439	hey whizknock, 11900 (S1) Next level of support 11600 (1400 pt. drop) is the 50% weekly fibonacci retrace 10700 (S2) Next level of support 10500 60 EMA AJMHO! Josh __________________ "None are so hopelessly enslaved than those who falsely believe they are free" Johann Wolfgang von Goethe

Mon, 11-12-2007, 07:10 PM	#29 (permalink)
Canestsal Super Member Join Date: Jul 2006 Location: Wine Country Posts: 439	Imho, - The banks are getting slaughtered right now with all the ABCP problems. - The banks are writing down billions in ABCP losses right now - Has caused a credit crunch, and banks have shored up loans - Has reduced access to credit and cash by smaller companies - Banks are selling liquid market assets to cover some of their losses. - This is causing downward pressure on the markets. - Increases short interest. - Fed will be forced to raise interest rates in December to intice foreign investing in the US. - Higher interest rates will worsen the ABCP problem, and will occur during the time in which banks are recording Q3 earnings (which will include the write downs). - A handfull of companies have being carrying the DOW for the past year. GOOG, BIDU, BRCM etc. IMHO, we still may be in a secular bull market and there is a lot of cash still sitting on the sidelines looking for a place to invest. However, now is a good time to be short or cash on the market until the volatility is sorted out. __________________ "None are so hopelessly enslaved than those who falsely believe they are free" Johann Wolfgang von Goethe

Wed, 11-07-2007, 11:36 PM	#22 (permalink)
Iam Nottadog Senior Member Join Date: Jun 2006 Location: All over, mostly sw US Posts: 126	yuk yuk yuk, my FSLR up more than 14% Tuesday, only down about 1.5% today, Iam long in it. NFLD Iam short and it falls slow but nice. WOOF nd FOOW, the best of both wirlds!

Mon, 11-12-2007, 04:07 PM	#27 (permalink)
whizknock Super Member Join Date: Jan 2006 Posts: 499	Still dropping. Now below 13,000. Canestsal why do you think it will find support at 11,600 & not 12,500? You're talking about a drop of 14,000 points from present levels. Thanks for any response.

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