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Interest rates are rising? I thought they were stable and have been
for months. The facts are that interest rates are historically very
low and money is plentiful. Many companies are still experiencing
good growth and inflation is under control. I don't believe the
future holds a tide to lift all ships but there will be many
opportunities this year. Oil under $70 seems manageable to the
economy based on recent history and well, the fundamentals are simply
stronger in some areas than they are weaker in others. It's a stock
pickers market. Not much more we can hope for than that.
Index futures players will need to be nimble and complex to beat what is
certain to be a saw tooth year but stock pickers can have a great year if
they do their homework. I wish everyone the best of trading.
Bob
At 06:31 PM 3/22/2007 -0400, you wrote:
re:
"downturn weak..."
Especially in the face of rising oil AND
rising interest rates.
Seems like Goldilocks has arisen from her
grave once again.
Once "something" puts that silver
stake into her heart, then maybe the bear market can begin.
Until then, the shorts could be
bloodied.
- From: realtraders@xxxxxxxxxxxxxxx
[mailto:realtraders@xxxxxxxxxxxxxxx]
On Behalf Of Jim White
- Sent: Thursday, March 22, 2007 12:01 PM
- To: realtraders@xxxxxxxxxxxxxxx
- Subject: Re: [RT] SPY Forecast
- No daily sell signal yet on SPY. Could come
tomorrow or Monday (Near Impulse date) Look for 14470 as the high of this
move.
- Today's downturn is quite weak and should
not last the day.
-
- Regards,
- Jim
-
- ----- Original Message -----
- From: Jim White
- To:
realtraders@xxxxxxxxxxxxxxx
- Sent: Tuesday, March 20, 2007 2:09 PM
- Subject: [RT] SPY Forecast
- Tomorrow and Thursday are Near Impulse
forecast dates for SPY and most of the market indexes. These two
dates originate from opposite turning points, one from a previous low and
one from a previous high. Usually this indicates a very volatile two days
with mid-day turns. We are also at price levels which usually terminate
the shorter term correction in a longer term bear move. On the positive
side I did not get sell signals on today's activity for the indexes or
the 200 stocks I follow but tomorrow may yield a sell signal after the
Fed announcement.
- This is an important two days in the future
development of the market. If we get through this without a major bearish
impulse and continue up to the bullish reversal areas, it bodes well for
the next few weeks. If, however, the reversal occurs , we could see
another major leg down. Short term traders be careful and position
traders should protect profits with stops.
-
- Regards,
-
- Jim White
-
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