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« Margin Debt Outpaces S&P | Main | Predictions 2011 »

Wednesday, January 05, 2011


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Watch out for the Nook Color with a full web browser. Upgrade to Android 2.2 any day now should spell real trouble for Kindle. You can already root it to run Kindle for Android. Now if only B & N sold Neely in an e-book version I'd be all set.

Mamma Boom Boom

The question I asked about gold, yesterday, more relevant today.

Boom Mama Mama

The question I asked, today, was more relevant yesterday.

Mamma Boom Boom

Looking over the end-of-day data, I have to conclude that the market may take a run at 1300 tomorrow.


Account Deleted

S&P 500 Analysis after closing bell


From Mish's board:

Who said this a few short years ago:

“The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. … Increasing America's debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

It took Dubya his full 8 years to run up as much debt as all the presidents before him. Can Obama get it done in 4 years, and will the next person get it done in 2????

Regarding Obama, it seems to me one has two choices here. Either Obama talks out of both sides of his mouth when it suits him or the country is on the verge of a financial collapse.




If you count 5 waves down the drop in silver on the hourly scale, wave one bounced at the 29.3% mark [1 - (sq rt 2 / 2)] and wave 3 bounced at the 70.7% mark. Current retrace is at the 38.2% mark of the entire drop. Perched right on trendline support stretching from August.


Wanton Noodles in New York: HSI & SPX

When in need of a fresh perspective of your city, a stroll towards a little known part of town might help. How about Wanton Noodles(above), a popular Hong Kong dish in China Town, New York?

Here's another very interesting blue(HSI) and red(SPX) noodle dish you might enjoy:

Often times, a HSI-SPX divergence provides a good hint of a short-term reversal in trend. Have a look at the past instances, and the highlighted area. Combine this with the relatively high bullish sentiment, and this DJIA chart from a previous post. What do you think is on offer next for the SPX?


A major top for DJ Reit Index could be in.

If not, it is a sort of leading diagonal, 5 is on the way, a matter of day's for a top. Only short term bearish and a good buy oppertunity if the low is in.

In both cases a bearish period.

Mamma Boom Boom

>Regarding Obama, it seems to me one has two choices here. Either Obama talks out of both sides of his mouth when it suits him or the country is on the verge of a financial collapse.<

Either Obama talks out of both sides of his mouth when it suits him ????????????

Hock, how does this solve anything? He does this now, he's the biggest liar the world has ever seen. But yet the do-do just keeps piling up.

I'm afraid the only outcome is a collapse.


Mamma Boom Boom

It's a little surprising that there was no follow-thru in stocks today. But, that's what you often see at a top.

Also, we need to pay more attention to commodities. I've been thinking they were about to roll over, too. Maybe stocks and commodities roll together, just one big happy family. whadayathink?

Account Deleted

US Dollar Chart

Mamma Boom Boom


Or maybe you would prefer to play with some Ketchup.

And, .... I hate to break your bubble, Bubba, .... but I'm certain the red line is set to tumble.



I'd prefer to stick with my Kindles. It's some years now since Kindles won my heart and since then there has been no turning back. The only next alternative would be Nook's upgraded version from Barnes and Nobles .

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