That is what they call thier Make or Break. That area
encompassing both colors is support. The vertical black lines
are time targets, which I beleive is today. Who knows, let's
see what happens.
I will say it again. 87 to 91 was the cliff notes version
of 2000-2010. We went through all the same steps. We
had the RTC in 89, good bank, bad bank, the recession in 90.
It took forever for trust to come back to the banks even though
there was appreciation ( small). I coined my phrase "lepracy
factor" back then. If clients would rather talk about having
lepracy than buy an asset class, it was time to buy.
I think there will be a stigma on NY banks and leadership will
change hands, BAC and WFC may be the new leaders going forward.
This is not investment advice. I don't know if it make
sense at all. As always DYODD
"conventional wisdom" is looking for a rebound in the second
half. When earnings start to address the second half, and it
looks weaker, I think we will adjust. Mid April in Q1
earnings season should answer these questions. JM.02. Until
then, we could stay in this trading range.
Good news Mr. Homeowner. America to the rescue. Your
500k home purchase that is now worth 350k will be bailed out by the
taxpayers. I'm sure that your 500k mortgage is a little hard
right now but we will help. I know you only make 50k, but
when the value of your house appreciates, you can flip it!
Life is tough, but it's tougher when you're stupid!
Unfortunately, I don't know which of us is stupid!
I think it was back in 2006 that Citi and Wells Fargo were
accused of not making enough loans available to marginal borrowers
and were going to be sued by the US government. This is a
sham, it's embarassing.
To get a consistant 4 pm close in TS, I went to "sessions"'
"other sessions" clicked on US stock w/premarket "modify" and
eliminated all the premarket sessions, leaving only the daily
sessions. I use this as my default. It closes all ETFs
at 4pm. Hope thei helps.
Dylan - I have a client who owns a lot of ROHand he reads
everything related to the deal. According to him, it will
cost A LOT of money for DOW to get out of the deal. Some of
the mistakes the DOW CEO made are laughable. As always,
DYODD
Interesting wave count from Advanced Get It shows an Make or
Break in the 67 area with the highest probality of time
between 1-26 and 2-13. Some times, they work out, may times,
they don't.
The community is delayed by three days for non registered users.
That is what they call
EW count from advanced get
Posted by ralph on 4th of Mar 2009 at 12:32 pm
That is what they call thier Make or Break. That area encompassing both colors is support. The vertical black lines are time targets, which I beleive is today. Who knows, let's see what happens.
Regards,
Ralph
EW count from advanced get
Posted by ralph on 4th of Mar 2009 at 12:17 pm
FWIW
Ralph
Geitner
Posted by ralph on 3rd of Mar 2009 at 01:16 pm
I may be in the minority, but he sounds a lot better than last time and I think he is doing fairly well so far.
Ralph
prechter
prechter
Posted by ralph on 27th of Feb 2009 at 03:36 pm
I saw that piece but was distracted for a moment. He mentioned bonds, but I don't know if he was bullish or bearish.
Banks
I like the banks
Posted by ralph on 27th of Feb 2009 at 01:49 pm
I will say it again. 87 to 91 was the cliff notes version of 2000-2010. We went through all the same steps. We had the RTC in 89, good bank, bad bank, the recession in 90. It took forever for trust to come back to the banks even though there was appreciation ( small). I coined my phrase "lepracy factor" back then. If clients would rather talk about having lepracy than buy an asset class, it was time to buy.
I think there will be a stigma on NY banks and leadership will change hands, BAC and WFC may be the new leaders going forward.
This is not investment advice. I don't know if it make sense at all. As always DYODD
Ralph
Matt - Thanks for walking
SPX 15 min chart.png Here's a chart from Steves update last ...
Posted by ralph on 26th of Feb 2009 at 03:16 pm
Matt - Thanks for walking us through that trade.
Ralph
LOST
SRS
Posted by ralph on 17th of Feb 2009 at 03:49 pm
How did that guy stay so fat after 4 years on a desert island?
You sure know how to
WOW...how much more bad news
Posted by ralph on 17th of Feb 2009 at 12:38 pm
You sure know how to have fun! I think we are all playing in a pile of crap today.
Ralph
Prudential guys used to call
Always remember, the nutty professor from cnbc ( charles nenner ...
Posted by ralph on 13th of Feb 2009 at 11:19 am
Prudential guys used to call him Ralph Keep-em-poor-a. In this business, you are never wrong, just early.
Ralph
"conventional wisdom" is looking for
S&P Fair Value
Posted by ralph on 12th of Feb 2009 at 04:33 pm
"conventional wisdom" is looking for a rebound in the second half. When earnings start to address the second half, and it looks weaker, I think we will adjust. Mid April in Q1 earnings season should answer these questions. JM.02. Until then, we could stay in this trading range.
Ralph
Bailout the Stupid!
News Timing
Posted by ralph on 12th of Feb 2009 at 03:57 pm
Good news Mr. Homeowner. America to the rescue. Your 500k home purchase that is now worth 350k will be bailed out by the taxpayers. I'm sure that your 500k mortgage is a little hard right now but we will help. I know you only make 50k, but when the value of your house appreciates, you can flip it! Life is tough, but it's tougher when you're stupid! Unfortunately, I don't know which of us is stupid!
News Timing
Posted by ralph on 12th of Feb 2009 at 03:22 pm
Just amazing timing of the Reuters mortgage news.
Which Way?
Posted by ralph on 12th of Feb 2009 at 02:57 pm
We should have an answer of market direction in the next 10 minutes
I think it was back
Finally someone is grilling the BANK CEO's
Posted by ralph on 11th of Feb 2009 at 02:03 pm
I think it was back in 2006 that Citi and Wells Fargo were accused of not making enough loans available to marginal borrowers and were going to be sued by the US government. This is a sham, it's embarassing.
unsane, interesting system. I am
AcmeSwingStrategy
Posted by ralph on 7th of Feb 2009 at 01:04 pm
unsane, interesting system. I am searching tradestation for a way to do it here, so far, no success. Keep us posted.
Ralph
changing trading hours for TS
Tradestation market close
Posted by ralph on 2nd of Feb 2009 at 05:09 pm
To get a consistant 4 pm close in TS, I went to "sessions"' "other sessions" clicked on US stock w/premarket "modify" and eliminated all the premarket sessions, leaving only the daily sessions. I use this as my default. It closes all ETFs at 4pm. Hope thei helps.
Ralph
Trade the Vix
Posted by ralph on 2nd of Feb 2009 at 10:01 am
Just got a note from Barclays and you can now trade the vix long and short with VXX and VYX
http://ipathetn.com/VXX-overview.jsp?c=DOY
http://ipathetn.com/VXZ-overview.jsp?c=DOY
Oh Boy!
Ralph
Dylan - I have a
Dow Chemical
Posted by ralph on 27th of Jan 2009 at 09:41 am
Dylan - I have a client who owns a lot of ROHand he reads everything related to the deal. According to him, it will cost A LOT of money for DOW to get out of the deal. Some of the mistakes the DOW CEO made are laughable. As always, DYODD
Ralph
Elliott Vave count FWIW
Posted by ralph on 19th of Jan 2009 at 02:47 pm
Interesting wave count from Advanced Get It shows an Make or Break in the 67 area with the highest probality of time between 1-26 and 2-13. Some times, they work out, may times, they don't.
Barney Frank?
Posted by ralph on 9th of Jan 2009 at 12:47 pm
I don't get this guy. I swear his great,great,great,great,great,great grandfather was Barney Rubble.
Ralph