Tuesday, June 05, 2007

John Wayne/SNA

Yeah, yeah, Tim. We know. You're at an airport and don't have time to post until later tonight. We get it.

In the meantime, enjoy one of the best George Carlin bits of all time:

12 comments:

TOMTHETRADER said...

Looks like round one went to the Bears and we will have to see if the trend is going to change ??? The big issue is going to be NSM National Semi will tell whether we get 3% correction plus or we will go for the highs again ....June 7th in my opinion is the biggest day of the summer ..if NSM comes thru it takes the market with it if it fails we go down and test 1500 at which point we would most likely go long .

Tom

http://www.ttthedgefund.blogspot.com

JakeGint said...

If this is a bear turn to market, give me more of it... all of my (long) stuff was green today, save for the Cubes, which were flat.

I'm trying to figure out what the heck was down...?

___________________

George Carlin? I just never really got what people saw (see?) in that guy...

TOMTHETRADER said...

3-1 A/D line ... negative ..you must be a great stock picker .probably had GOOG and AAPL just ridin them up and then will sell on the top !!!

JakeGint said...

Nope, I don't like the high fliers right now. Today was:

DNDN, AMGN, STP, QQQQ, SLV, MON, FDG.

There ya go Tom, and I won't even charge ya $50. Knock yerself out.

Brian said...

Tim - A question for you...

I'm a gold member at prophet, using primarily Java charts, and I still can't figure out how to do a simple ratio chart. I know there is a ratio for the lower panes where the studies go, and I have figured out ratios for commodities. But for stocks and indices I'm still at a loss as to how to put a ratio as the main chart. On stockcharts for instance you can simply put two equities with a colon in between (eg. BSC:SPY), to get the ratio chart.

How do you do this in Prophet?? I've looked throug the FAQs and am still at a loss.

Thanks!

ctkwtk said...

I'm trying to figure out what the heck was down...? Ummm.. 27 out of the 30 dow stocks.

Prometheus said...

I don't think this is the beginning of a bear market. The best the bears are going to get is a correction. Then I think we'll just sit in a range for the rest of the year. I think bulls are pressing their luck it they think the market will continue as it has for months to come. We're going to be stuck in a range and won't come out until it's time for a rate hike or cut, depending on where the economy takes us.

http://prometheussays.blogspot.com

Carl said...

Hello from Capt. Carl
I would like to thank those of you who answered my question the other night. While no one posted a definitive answer, Thanks for your time.
The question: I trade several of the pro fund ultra shorts, such as DXD, QID and SDS. Since the inception date of these funds, they do not have the same percent loss as the index have gained that they track.
CAN ANYONE EXPLAIN??
Thanks in advance,
Capt. Carl Rees

b.healed said...

I was just at John Wayne/SNA yesterday!

Prometheus said...

Carl - First, ETFs don't exactly mirror what they are trying to imitate due to reasons such as needing to rebalance and the method is which the index is calculated. Furthermore, in your case, the ultra funds use 2-1 leverage so ideally for every percent the index moves, ETF should move around double.

beanie11111 said...

Ok bears, looks like a sharp drop is coming short term. But that's all you'll likely get.

Good luck.

2sweeties said...

The NZDUSD has taken off from the 9days MA and it went up 4% (!) in the last 6 trading days. The last time it did something similar was on the 14th-27th of february 2007. Any comment on this?