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| | #31 (permalink) | |
| Super Member Join Date: Jan 2006
Posts: 534
![]() | Thanks Josh/Canestsal. You too Nemo! Quote:
I really do not grasp the "fibonacci" retrace principal but I understand your citing the levels of support. When you say "60 EMA" is that a 60 week estimated moving average? Also I read your second post. That I understand clearly & agree with 100%. Those adjustable mortgages snatched up by many people that didn't understand what they were getting into as well as a lot of people that didn't exercise the discipline to put the monthly savings to work instead of spending it. I've had a large holding in a deferred compensation account which was entirely invested in a very good performing Mid Cap Growth fund for 16 years. This Summer I moved 95% to a bond fund & intend to keep it there until the dust settles. Like Nemo I felt the Dow was over priced & even though I knew that adjustable mortgages might impact the market I had no idea it would be as bad as it has turned out to be. Anyway that's why I take interest in your thread. Again, thanks for your insights! Last edited by whizknock : Tue, 11-13-2007 at 06:35 PM. | |
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| | #33 (permalink) |
| Realist,/Moderator!!! | weeeeeeeeeee what a buyers market it was yesterdaY!!!!! Nice comeback, SOme scans even went back up haaaaaaaaaa
__________________ All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. Joseph Conrad, Use your own mind on what to buy and sell!! |
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| | #34 (permalink) |
| Super Member Join Date: Jul 2006 Location: Wine Country
Posts: 439
![]() | I hope this bruising is over in time for a Santa Claus rally in December ![]() Josh
__________________ "None are so hopelessly enslaved than those who falsely believe they are free" Johann Wolfgang von Goethe |
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| | #36 (permalink) |
| Realist,/Moderator!!! | below 13,000 again YIKESSSSSSSSSSSS DJIA 12958.40 dn 218.40 ![]()
__________________ All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. Joseph Conrad, Use your own mind on what to buy and sell!! |
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| | #37 (permalink) |
| Super Member Join Date: Jan 2006
Posts: 534
![]() | It started the day with gains. I wonder if the momentum down is just too strong. Not every stock is doing poorly so there should be more balance. Tends to lend credibility to Nemos statement that they really pumped up the entire market on the strength of the companies that are doing good. & if Josh is right & the markets drop to 11,600 I will read everything he posts from here on out! LOL |
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| | #38 (permalink) | |
| Realist,/Moderator!!! | HOORAY FOR JOSH!! Quote:
And yes IMHO I strongly believe the markets have been artificially pumped up!!!!
__________________ All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. Joseph Conrad, Use your own mind on what to buy and sell!! | |
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| | #39 (permalink) |
| Super Member Join Date: Jan 2006
Posts: 534
![]() | Markets showing some weakness before the bell. I'm being patient & will not move anything till we see the Dow at *12,500* if it drops that far. I have to say with the way oil's going I'm surprised we saw this much strength. Evetually the price of fuels has got to take a toll. Check that,,,12,000 Last edited by whizknock : Wed, 11-21-2007 at 09:00 AM. |
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| | #40 (permalink) |
| Realist,/Moderator!!! | DJIA 12909.70 dnnnnnnnnnn100.40 right outta gate ,,,,,,,,,,,,,
__________________ All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. Joseph Conrad, Use your own mind on what to buy and sell!! |
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