And what makes you think I didn't? I don't own any of the stocks you track, nor do I play Indexes. My feelings only apply to my stocks, which do not always trend with the market. So it may not apply to you anyway.
The only thing I am worried about is whether the U.S. will falter too deeply, dragging down foreign markets. I know the U.S. is faltering. A certain degree of weakening can be tolerated. I'm growing concerned that if the dollar weakens too much, housing gets a lot worse, and inflation keeps rising (crushing consumers), at some point, even global markets will suffer.
Well folks we got EXACTLY the market we were hoping for yesterday we edged out a gain... now we needed the earnings from alcoa to beat... AND WE GOT THAT! Oh my God two of stoney's 3 NEEDED FACTORS are in place for the GREAT LIFTOFF OF 2007!!!! :: Now we need good Fed speak! > Phil Roth is a good guy I served jury duty with him on a case-- talk about a guy who tried to get to the other end of the table during breaks! I was talking his ear off-- throwing out stocks but he is on record today. "We should expect the S&P 500 to make a new high," says Philip Roth, chief technical analyst at Miller Tabak, who says it is "normal procedure" after a pullback as occurred late February/early March for some indices to make new highs. And indeed when we look back on it -- this period if indecision is just a one month- a pause or consolidation before the NEXT LEG UP! ~ stoney
Implied volatility is HIGH. The other side of the bridge looks like this> on Wednesday at 2:00 PM EDT the the FOMC minutes are released. Based on recent activity surrounding all things FOMC related, I expect the Dow will jump between 50 to 100 points between 2:00 and 2:01:30 PM on Wednesday. Direction is unknown as in theory it will be an emotional reaction to the news. However, based on the internal condition along with some other factors, from a technical perspective, the reaction should be to the downside regardless of the message..... Which Side Of The Bridge Are YOU on?
Not Just 100 points. 100 points in 2 minutes. Think that can happen? Well I've had a little inside peek at what the computers are ready to do... we could easily lose that much as well... so a NDX short may not be the worse thing.. you have to decide RIGHT NOW are you a Bear or a Bull?
Yesterdays NY post. "The Curse of Second Avenue". Thurs the gov will break ground on the second ave subway. Previous "good news" resulted in a "Wall Street" downturn.