Thursday, December 30, 2010
Market Sentiment
Long term Mkt. Sentiment is beginning to turn downward, it is still above 70... but I do not think this will last long. Most of the news lately has began with.... after this nxt move down... or lets wait till this corrective move is over.... so.. they are gearing up for one last move to the upside..so they can take their profits.. so be careful here.. again I believe McHugh had a wide spread turn date but it was somewhere between this wk and the 6th of Jan... EWT... has been calling a new bear mkt turn for just a few days now... but they are warning for a big mkt move down.Peter Eliades too is calling a move down but listen to what he has to say in this MarketWatch video.. you need to scroll down and it is on the left side http://www.marketwatch.com/ .. could this be a repeat of the 1930 chart that Humble student has on her site????? alot of people are comparing that time period to this... personally I apologize to you all for not having did what I said I was going to do on the big Update I promised... honestly I have so many scenerios rolling thru my head... I just have to keep digging... I know I am just missing a little of this or that.. so.. again.. I have a long wkend.. and hopefully I will get the time.. to really sit down and get at least a grip on where we could be going or are going... I hope that all of ;you have a Wonderful New Year's Eve! Next Yr will be even more interesting than this one .... till then.. Happy New Year to all!! >L
Saturday, December 25, 2010
MERRY CHRISTMAS!
I hope that everyone has a Wonderful and safe Holiday season! Will do an update soon... we seem to just be climbing slowly higher... volume is just dead... soooo that is a winner for the Bulls most everytime. Oil and gas are getting attention again...hummm I know I said to buy it a few Months ago... it has not really got hot yet... but the weather is just getting started.... OK, Merry Merry...have a great wkend!>L
Monday, December 20, 2010
Monday, December 6, 2010
Christmas Rally???
We broke my channel to the upside, but the news is compounding the efforts of the Bulls and the Bears are thinking this could be an interesting Christmas. Could there be Coal in the Bulls stockings??
I tell ya, this could get interesting.. I am stuck in the middle...the only 2 thing's going in the Bulls favor right now is the mass production of $$ by Ben and Co., and some great co. earning reports. I luved the cartoon that Pug put up.. and it really does make you think about the whole stimulus thing, but..... its not working. The states are now letting out a "HOWL", of Help!!! Billions and Billions in debt, and are about to lay off millions of state workers, let alone what does the Fed Gov. do in the coming yr. ???? They are slowly letting their concerns out too... TAXES???? what do we do, we are screwed if we do not get some more $$ to offset the Ben Bergaid!... Hows your pocket feeling lately?
My upper channel is broken, so are we in a B wave, or could this be the final 5th wave up of A(primary). Futures are wild right now.. up and down Nikkei is down pretty good right now.. The Euopean countries are imploding. Where do we put our $$ for the future... India, Africa, China...
Do you like M&M's... well not that kind... try this M&M out.... Mahindra and Mahindra... Indian farm equipment maker... this co. will take over John Deere's dominance in the future.
Gold, Silver... that seems to be the NO BBRAINER right now!
Africa controls most of the precious metal market and diamonds... in drilling for these metals diamonds are wanted heavily. Oil and Gas, Gold and silver, platinum and rare earth metals, MCP Molycorp.. RIO... but I think that ticker changed.. do you see what I mean. China has bought over 5X the amount of gold this yr, than they did on 09, and they overtook the top country India.... now that is getting crazy... so what does 2011 have in store???
Apple has opened stores in china and india.. that stock could just explode again... but they control over 10% of the U.S. stock mkt. The only thing is, as fast as they produce it the Chinese are counterfeiting it the next day... they are loosing billions and billions just like Nike and other co's in the U.S. Oh and Mahindra is also a major car maker in India too...
Mchugh has called for a major turn to take place somewhere in the Dec. 26-Jan. 6th.
I tell ya, this could get interesting.. I am stuck in the middle...the only 2 thing's going in the Bulls favor right now is the mass production of $$ by Ben and Co., and some great co. earning reports. I luved the cartoon that Pug put up.. and it really does make you think about the whole stimulus thing, but..... its not working. The states are now letting out a "HOWL", of Help!!! Billions and Billions in debt, and are about to lay off millions of state workers, let alone what does the Fed Gov. do in the coming yr. ???? They are slowly letting their concerns out too... TAXES???? what do we do, we are screwed if we do not get some more $$ to offset the Ben Bergaid!... Hows your pocket feeling lately?
My upper channel is broken, so are we in a B wave, or could this be the final 5th wave up of A(primary). Futures are wild right now.. up and down Nikkei is down pretty good right now.. The Euopean countries are imploding. Where do we put our $$ for the future... India, Africa, China...
Do you like M&M's... well not that kind... try this M&M out.... Mahindra and Mahindra... Indian farm equipment maker... this co. will take over John Deere's dominance in the future.
Gold, Silver... that seems to be the NO BBRAINER right now!
Africa controls most of the precious metal market and diamonds... in drilling for these metals diamonds are wanted heavily. Oil and Gas, Gold and silver, platinum and rare earth metals, MCP Molycorp.. RIO... but I think that ticker changed.. do you see what I mean. China has bought over 5X the amount of gold this yr, than they did on 09, and they overtook the top country India.... now that is getting crazy... so what does 2011 have in store???
Apple has opened stores in china and india.. that stock could just explode again... but they control over 10% of the U.S. stock mkt. The only thing is, as fast as they produce it the Chinese are counterfeiting it the next day... they are loosing billions and billions just like Nike and other co's in the U.S. Oh and Mahindra is also a major car maker in India too...
Mchugh has called for a major turn to take place somewhere in the Dec. 26-Jan. 6th.
Sunday, November 28, 2010
Vacations Over...
Hey all, hope everyone got some much needed rest. The mkts just seem to be all over the place and right-fully so with all the news, good and bad.
Are we topping or are we in a lesser degree wave 4??? I have pounded my brain out the past few days trying to get to the bottom of where we are.... its a coin toss.. we really could be topping, but we are still in a trading range and until we break to the upside(1184) or downside (1174-3) then we are probably in either or. If we are in a 4th wave, we could only be in wave A of 4 and in A we are in C or E of a triangle... now the pros all say two diff things.. and I can count it both ways myself.. so.. just as I also count it as a possible topping pattern... and we could really just fall to at least 1150, and that could also complete wave A of 4.. then we go up into a larger degree B of 4... and that could take another 60dys.. then fall into C, then D, then E... if each take 60dys.. total 280dys to 300.. from the start.. from april... so daytraders dream if we are in a 4th wave. will try to get some drawings up later today... >L
Are we topping or are we in a lesser degree wave 4??? I have pounded my brain out the past few days trying to get to the bottom of where we are.... its a coin toss.. we really could be topping, but we are still in a trading range and until we break to the upside(1184) or downside (1174-3) then we are probably in either or. If we are in a 4th wave, we could only be in wave A of 4 and in A we are in C or E of a triangle... now the pros all say two diff things.. and I can count it both ways myself.. so.. just as I also count it as a possible topping pattern... and we could really just fall to at least 1150, and that could also complete wave A of 4.. then we go up into a larger degree B of 4... and that could take another 60dys.. then fall into C, then D, then E... if each take 60dys.. total 280dys to 300.. from the start.. from april... so daytraders dream if we are in a 4th wave. will try to get some drawings up later today... >L
Thursday, November 11, 2010
Coal
Now a few weeks ago I think I posted that I was buying JRCC... James river coal co. and I did and it has been a very nice profit so far.. as of today Coal in general seems to be breaking to the upside.. so as Cramer says... ALL IN.... I am still in Nat. Gas. and I am going to stick it out... UNG still looks good to me.. as far as the overall mkt goes.. I now think we go further down.. as coal rises.. so at the present moment this is beginning to look like a B wave of B... Now PUG has some good analysis tonight on where we are.. and there is just no sense in me conveying what has already been charted and said so http://pugsma.wordpress.com/2010/11/11/nov-11th-2010-update-4-eod/ but please look into some of the coal stocks like JRCC and BTU they look really good right now.. later>L
Tuesday, November 9, 2010
1349
1349 seems to be the next destination of this move up... it could still end before that but at this present moment we seem to be in a 3rd wave... and started a 4th wave of this 3rd wave as of yesterday.. that should continue till at least Thurs. then I see 5 of 3 occuring. then larger 4 correction and then final 5th up to the 1349 area.. have a good day..>L
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