6 replies to this topic

[atlasshrugged]

[selecto]

Your chart didn't download for me.

Edited by selecto, 22 June 2007 - 03:21 PM.

[relax]

bulls have no power - they know it - maybe we go up to 1.513 - if we break that and go the highs, it will be sold

bulls have taken too many hits lately and most importantly, they have no goal - no rate cut

rate went down today - what happens when rates go up - sure stocks could gain, but any sizeable gain will be sold...

bulls need some fuel in the form of weak data, but even that won't do it as core inflation data will be poor at some point

[fib_1618]

bulls have no power

Do you really believe this? If this were the case, we wouldn't be chopping around as we are currently.

what happens when rates go up?

It means that the economy is expanding domestically which is bullish for equities. Not until we see the 10 year note at or near 7% will we run into problems.

bulls need some fuel in the form of weak data, but even that won't do it as core inflation data will be poor at some point

Yes, at some point. But that point has been long in coming, and going by sector rotational strength, it still seems a long way off....maybe the 1st quarter of 2008 at the earliest.

Fib

[Bandit]

Talking about patterns!! Friday has been an upday for the last 12 weeks or so straight. That pattern is now
broken--big time.

Could be an omen of things to come.

Bandit

[relax]

for the third week in a row S&P tested the trendline from the top at the beginning of 2004 to the february 2007 top

seems like we need to go up next week

as far as bulls lacking fuel, I don't think we will see a bull campaign like previously before the market gets more scared of rate hikes and start having as a goal that Fed don't hike

right now there is no goal - plenty of short positions which could fuel a rally but besides everything is currently pushing for higher rates

also bank of japan, even though everybody expects that rate hike, I am sure that it will scare some people and push stocks down - last time Bank of Japan raised rates was back in february 2007 before the big move down

Rate hike in Japan will make the market weak and less resistable against negative data

bulls have no power

Do you really believe this? If this were the case, we wouldn't be chopping around as we are currently.

what happens when rates go up?

It means that the economy is expanding domestically which is bullish for equities. Not until we see the 10 year note at or near 7% will we run into problems.

bulls need some fuel in the form of weak data, but even that won't do it as core inflation data will be poor at some point

Yes, at some point. But that point has been long in coming, and going by sector rotational strength, it still seems a long way off....maybe the 1st quarter of 2008 at the earliest.

Fib

[VolPivots]

bulls have no power - they know it - maybe we go up to 1.513 - if we break that and go the highs, it will be sold

no they sure don't. but when you have a bunch of weak bears out there, who needs 'em when all it takes is a few program blasts to induce a short squeeze. the bull market continues to be led by the bears.

Hey IC
meant to respond yday but ran out of gas. no plans for boulder anytime soon...haven't seen it in a decade. Hope Hawkins puts the CU program back on the nat'l map, but with all the fascist pigs running that place, ain't holding my breath. anyways, we'll have to hit the tables next time we head out to Vegas.

btw, we're are currently ~142 30 min bars since the Friday low 2 weeks ago. 2.5 wk cycle low-to-low troughs have been right around 140 bars......pattern repeat???

Edited by marketneutral, 22 June 2007 - 06:29 PM.