The stock market is crashing....

• 21 April 2006

• #61

tech/a

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wayneL said:

Silver down more than 11%

Gold down >$25

We might get our crash after all (just {half} joking )

Click to expand...

Ahhhh

Buying opportunities!!

 

• 21 April 2006

• #62

wayneL

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tech/a said:

Ahhhh

Buying opportunities!!

Click to expand...

Not Yet!

Let's shake out the weak hands!

Let's let it run down a bit more, then, yes.

 

• 21 April 2006

• #63

wayneL

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Silver actually went limit down (explained in the article)

http://yahoo.reuters.com/news/artic...TFH05232_2006-04-20_17-45-43_N20489079&rpc=44

As it stands now:

June Gold 616.8 -3.05%
May Silver 11.935 -17.67%!!!!!!!!

May Unleaded Gasoline down 6% BTW as well

Well we got a crash in something!!!

 

• 21 April 2006

• #64

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nizar

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wayneL said:

Silver actually went limit down (explained in the article)

http://yahoo.reuters.com/news/artic...TFH05232_2006-04-20_17-45-43_N20489079&rpc=44

As it stands now:

June Gold 616.8 -3.05%
May Silver 11.935 -17.67%!!!!!!!!

May Unleaded Gasoline down 6% BTW as well

Well we got a crash in something!!!

Click to expand...

Yeh this morning gold at 612, where we were april 18th (US time) so not a major correction, but it still may go down more...

JUst like in december when gold went from 540 to 495 and then recently from 575 to 540...

All bull runs have corrections, they provide buying opportunities and chances to top up before the next leg up...

 

• 21 April 2006

• #65

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markrmau

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Looking a bit sik

Do you think the limit down halt really achieved anything? Seems the market continued it's trend down anyway.

 

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• 21 April 2006

• #66

bullmarket

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Hi BSD

BSD said:

Good Evening bullmarket.

Not in violent disagreement and thanks for your attention to detail.

But if the risk free rate becomes 6%, an equities market with a PE at above 16 times needs good growth prospects to be a worthy play.

Setting aside the resource sector - where is the growth coming from?

It isnt from the domestic economy that is for sure.

I remember in 2002 trying to get clients to buy stocks with PEs of 12 and EPS growth of 20%pa.

How a bullmarket changes the mindset. We switch from absolute to relative value.

18 times is bloody expensive in my opinion.

Click to expand...

no problem - I think we are essentially in agreement.

Where we mainly differ is in the relative overall 'expensiveness' (if there's such a word ) of the market atm and hence the likely severity of any correction when it occurs.

cheers

bullmarket

 

• 13 May 2006

• #67

wayneL

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US markets have had a shocking week with two big downs days.... us bears are salivating. The matador has sharpened his sword and the picadors have landed some spears in the bulls shoulder.

Meanwhile we've got the bond market by the throat... significant new lows today.

We live in interesting times.

Cheers

PS the t-bones are already on the barbie in the middle east.

 

• 13 May 2006

• #68

tech/a

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Gotta say Im pretty impressed with some of the calls from the Elliot Boys.

Radge Called a 5300 top months ago.
Seen a few others mention it.
Yogi the wonder trader mentioned something about time as well.
The analysis at this point looks pretty good.

 

• 13 May 2006

• #69

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spx trend doesn't look too bad in us$ terms.

Wouldn't like to see the chart compared to the DX currency basket though!

 

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• 15 May 2006

• #70

tech/a

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A look at the DJIA

 

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• 15 May 2006

• #71

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tech/a said:

On the other hand 16 pages of
Economic Boom till 2020.

http://www.wired.com/wired/archive/5.07/longboom.html

Peter Schwartz and Peter Leyden are no economic slouches either.

Click to expand...

I got up to page 3 before realising that article was from 1997!

 

• 16 May 2006

• #72

tech/a

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Hmmm Support/Resistance line at 11335

Todays low was 11333

 

• 16 May 2006

• #73

websman

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Interesting... It may be time to find some short setups.

 

• 16 May 2006

• #74

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tech/a I think we might have been right about yesterday being a golden buying opportunity!

 

• 16 May 2006

• #75

professor_frink

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ctp6360 said:

tech/a I think we might have been right about yesterday being a golden buying opportunity!

Click to expand...

futures were down about 50 points overnight. may be more selling to come.

 

• 16 May 2006

• #76

Sean K

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6-8% is technically a 'correction'. How much more is that to go? 4-6% I think.

 

• 16 May 2006

• #77

tech/a

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ctp6360

Hmm dont know about "golden"
I actually favor Web's outlook at this time.
Most corrections are in 3 waves or 5

The Elliot callers are saying 4800 for the wave 4 correction then followed by the last wave 5 which will take out the current high.

(I'm talking of the XAO not the DJIA).

 

• 16 May 2006

• #78

bullmarket

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I use the weekly XJO chart and so over the next few weeks I'll be watching to see if the ~5150 support in early April06 is retested. If it is and fails to hold then the next level of support I'd be looking at is the Jan/Feb06 trading range of 4800-5000.

Good to see the more defensive LPT sector (XPJ) is holding up well

And remember, we have been in a roaring bull market since March 2003

cheers

bullmarket

 

• 17 May 2006

• #79

wayneL

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US futures are in tankage mode prior to the open of the stock market.

... inflation , and therefore rising interest rates are the fear apparently

A Bears delight

 

• 18 May 2006

• #80

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BHP fell 4.62%; Xstrata 5.28%; Anglo American 5.6%; Rio Tinto 5.8%; and Royal Dutch Shell 4.10% as the FTSE 100 fell and the NYSE continued down at the LSE close.