http://www.traders-t...;showentry=1743
Closing thoughts...
Started by
NAV
, Sep 26 2007 03:11 PM
2 replies to this topic
#2
arbman
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- Traders-Talk User
- 19,504 posts
Quant
Posted 26 September 2007 - 05:01 PM
You and many others here showed one chart after another how important it is to finish the week and the month well.
Any rally should penetrate into many critical zones, they will not give these all up before they put here another big stick on the charts, there are only 2 days left, it is free money, come and get it. Then, give them their discount so that they can load up in Oct, another cut by the Fed at the end of the month and there comes your monster Nov rally.
The NYSE days-to-cover is now about 8 days at the current volumes. There is a lot of money out there, but not enough reason to buy, give them their reason and they will. Look at the commodities, that's where the money wants to go, if only the USD can find a little better bottom here.
By the spring, the compounded effect of the liquidity by the rate cuts will start to hit the markets, the Fed might find itself reversing their path then due to the inflation, but the economy will be just doing fine until the elections and the big brokers will be ready to distribute at the highest prices...
- kisa
Any rally should penetrate into many critical zones, they will not give these all up before they put here another big stick on the charts, there are only 2 days left, it is free money, come and get it. Then, give them their discount so that they can load up in Oct, another cut by the Fed at the end of the month and there comes your monster Nov rally.
The NYSE days-to-cover is now about 8 days at the current volumes. There is a lot of money out there, but not enough reason to buy, give them their reason and they will. Look at the commodities, that's where the money wants to go, if only the USD can find a little better bottom here.
By the spring, the compounded effect of the liquidity by the rate cuts will start to hit the markets, the Fed might find itself reversing their path then due to the inflation, but the economy will be just doing fine until the elections and the big brokers will be ready to distribute at the highest prices...
- kisa
#3
Islander
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- Traders-Talk User
- 2,551 posts
Member
Posted 26 September 2007 - 07:09 PM
KISA has it about right I think. Our clients did not like the CapEx number, but they will stick around just to see how the quarter end looks. Bonds are good shorts from mid nov on as the Fed fights something. I feel The Rally will be massive right into tax day 2008. After that it may be "sell in May...you know". Islander.
