|
PureBytes Links
Trading Reference Links
|
Everyone controls their own destiny. One can move to places with lower and
acceptable housing and costs of living.
One can get a house in any of the top 20 retirement areas in the US for
under $150,000 and gas is not $2.50 everywhere.
Plus if one needs to work, move to where the work is.
BTW, I still do not think the top is in...but we may be getting closer.
Sincerely,
John
> I agree
> Ben
> ----- Original Message -----
> From: mr.ira
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Friday, March 05, 2004 11:42 AM
> Subject: Re: [RT] sp500/nasdaq top
>
>
> The government still claims that there is no inflation. Gas prices
> are $2.50 per Gal. here. Almost everything that is purchased is
> transported by truck. That cost will also be on the rise.
>
> Housing costs continue to rise. Just down the road in Palo Alto the
> average home cost is $985,000. Health care costs and other insurance
> costs are skyrocketing as is the commodity index. How much longer can
> the government ignore what is happening?
>
> Low interest rates have not created new jobs here, but India and other
> foreign countries are having a boon. We are shipping our jobs
> overseas where the service and manufacturing costs are far less. I
> have to admit, so is the quality of service provided by the overseas
> support.
>
> Just some thoughts. Ira.
> ----- Original Message -----
> From: EarlA
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Friday, March 05, 2004 7:42 AM
> Subject: Re: [RT] sp500/nasdaq top
>
>
> Fascinating market action ... SPX has rallied to 1162.99 (within my
> target range) while the price of the June 1150 puts I hold (and had
> orders for more) has also rallied. This suggests that the market is
> putting in a blow-off. Had to short emini since it looks like they
> won't fill my put order.
>
> I assume that this rally is all about the perceived notion that the
> Fed won't raise rates so the market can party longer. Not a thought
> to the fact that continued employment problems will lead to reduced
> consumption and other (economic and political) fall-out from reduced
> consumer confidence. Foreign currencies are rallying hard which
> means even higher energy prices are in the cards.
>
> Earl
>
> ----- Original Message -----
> From: EarlA
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Friday, March 05, 2004 6:11 AM
> Subject: Re: [RT] sp500/nasdaq top
>
>
> SPX is very close to long standing target range of 1060-1073 which
> includes: 50% retracement to ATH, 200% expansion of Oct02-Mar03
> swing, and Dec01-Mar02 triple top.
>
> I closed out long emini position just ahead of Thursday's close
> leaving in place a SPX put established on Wednesday. I also have
> orders working to add to put position on any rally from monthly
> Employment Lie. During the past couple of weeks I've closed out
> all trading positions in stocks and now hold significant cash
> position. I still like energy stocks and hold core positions to
> which I will add during any correction in equities.
>
> There should be good support in the 1015+- area which includes the
> 38% retracement to the Mar03 low and the Jun-Jul03 highs. If this
> area holds, then another run to higher highs (1250+-) could be in
> the cards. On a fundamental basis, the market is richly priced and
> risks are strongly to the downside should the public lose its
> taste for speculation.
>
> Earl
> ----- Original Message -----
> From: profitok
> To: astrofin@xxxxxxxxxxxxxxx ; realtraders@xxxxxxxxxxxxxxx Cc:
> Yacov Twena ; vincent ; U. Stuart-Auslander@xxxx Net (E-mail) ;
> Slawek (E-mail) ; Ronald McEwan ; Ron Miller (E-mail) ;
> panda2222@xxxxxxxxxxxxx ; ntt-list@xxxxxxxxxxxxxxx ; Ned Markson
> (E-mail) ; Mike Burk ; Kate (E-mail) ; Jseaton357@xxxxxxx ;
> Gocycles@xxxxxxx ; Elizabeth (E-mail) ; doroty.h ; Dom Perrino ;
> Dan C (E-mail) ; Cyclesman (E-mail) Sent: Thursday, March 04,
> 2004 9:43 PM
> Subject: [RT] sp500/nasdaq top
>
>
> Most likely 3/5/04 should be a top for a while
>
> get out of longs and if you have long term gains consider
> writing calls
>
> most likely next is 1050 on sp
>
> if I am wrong, the max upside is only 10-15 sp points
>
> best regards
> Ben
>
>
>
>
> Yahoo! Groups Sponsor
> ADVERTISEMENT
>
>
>
>
>
> ----------------------------------------------------------------------------
> Yahoo! Groups Links
>
> a.. To visit your group on the web, go to:
> http://groups.yahoo.com/group/realtraders/
>
> b.. To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
> c.. Your use of Yahoo! Groups is subject to the Yahoo! Terms of
> Service.
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/realtraders/
<*> To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|