glgene
616 posts
msg #97493
- Ignore glgene |
11/14/2010 10:13:08 PM
Duke,
Indeed, there could be a pop this week...if Congress votes to extend ALL Bush tax breaks and/or GM IPO goes off very well. But I think the shoe WILL drop...just don't know when. QE2 is funny money, aka, "pushing a string."
You can pull a string, but you can't push a string.
Gene
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marine2
963 posts
msg #97495
- Ignore marine2 |
11/15/2010 2:27:26 AM
No, but the string can be attached to a balloon that wants to take off and fly high. That's what could happen to the market if like you say the two IPO's out there (GM, and Ceasars Entertainment) take off well.. Hang on to your chin straps buckaroos the fun is about to begin.
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glgene
616 posts
msg #97503
- Ignore glgene |
11/16/2010 12:04:45 AM
Duke,
Re: your non-Gold comments above re: major indices and their 20-day MAs....they're hanging by a thread:
From a script I wrote below, where 100.00 = Close/MA(20) when both lines touch. I also include 50-day MA and Bollinger bands.
End of day: 11-15-2010:
SPY....... 100.24
DIA........ 100.02
QQQ........ 99.64
VTI ...........99.63
IWM....... 100.81
VEU..........99.63 (All-world, ex USA)
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duke56468
683 posts
msg #97504
- Ignore duke56468 |
11/16/2010 8:14:55 AM
gigene.....I like your filter nice quick reference, I'll have that one mailed to me daily, and you are right they are hanging on by their fingernails.
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duke56468
683 posts
msg #97510
- Ignore duke56468 |
11/16/2010 12:56:11 PM
gigene.......since a lot of investors use the MA(50) I added that to your filter
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glgene
616 posts
msg #97513
- Ignore glgene |
11/16/2010 1:23:18 PM
Due,
A logical addition. Thanks!
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