03/02/2012 Intraday Watering

[uempel]

Anyone familiar with railroads? I'm thinking of buying CSX or NSC.

Check with Warren, but I guess he bought em as a very long term investment...

[jarbo456]

euro close...JBTFE(uro)C(close...

[KENA]

Everyone thinks bonds are breaking trend lines and that they are going to fall, could it be that we are just consolidating in a wave 4 before we make another high??

Yes..And if they do go up Big Ben will have to spend lots more $ to get the bonds to settle dn.He may get himself behind ths 8 ball.imho

[Cobra]

not sure if this is breakout below triangle then back test or I need a bigger triangle.

[SWalsh]

One day, one of these will mean something!

[Tabby]

When people start to talk about DOW 20.000 and S&P 1700 I think the top is near..., we forgot that the stocks can also fall...

I agree with you. When we were close to 1050 back in Oct 2011, practically everyone stating negative 666 is on the table and market going to crash. We went up and straight to today's mark.
You are absolutely right.

[jarbo456]

not sure if this is breakout below triangle then back test or I need a bigger triangle.

looks like a potential descending triangle carving out...which will, of course, break up.

[Richarab]

Anyone familiar with railroads? I'm thinking of buying CSX or NSC.

not too familiar with those.. I own B&O and Reading,... and they treat me well.. good trading pieces late in the game...

[Tabby]

Obama will try to convince Netanyahu to postpone any plans his government may have to unilaterally attack Iran's nuclear facilities in coming months. An attack that soon would not carry U.S. backing, and the U.S. would probably not be involved in planning or executing it.

http://news.yahoo.com/interview-obama-s ... 32562.html

[Cobra]

now we know it is break down, tinted area is the target.

[stucap]

Sweet -- Another Dip to Buy!

[Tabby]

$RUT fell out of the rectangular which we were following since Feb 3rd.810-832.

[TraderGirl]

Check out Russell.....

[Cobra]

bounce from support, if beaks cannot break here then too bad, the game is over again for bears, so bears really need work harder here.

[jarbo456]

bears need a break below 137.12...or else this is just a false hope...

even so...plenty of JBTFD levels at 136.75'ish and 135.79...

bears better start chopping that wood or else it's back to our favorite strategy.

[rola]

When people start to talk about DOW 20.000 and S&P 1700 I think the top is near..., we forgot that the stocks can also fall...

I agree with you. When we were close to 1050 back in Oct 2011, practically everyone stating negative 666 is on the table and market going to crash. We went up and straight to today's mark.
You are absolutely right.

The fact is that when we were at 1100 nobady was talking about how cheap stocks are, but now at 1370 everybody are talking how will just go up, this is a sheep"s game..

[SWalsh]

When people start to talk about DOW 20.000 and S&P 1700 I think the top is near..., we forgot that the stocks can also fall...

stocks can what?

Sorry, STOCKS CAN ALSO GO DOWN (can you imagine?)

"Weeks, months, or years may elapse between the commission of the crime and its discovery."


"The Great Crash: 1929", John Kenneth Galbraith, First Published 1955, Page 28

"Governments were either bemused as were the speculators or they deemed it unwise to be sane at a time when sanity exposed one to ridicule, condemnation for spoiling the game, or the threat of severe political retribution."


The bezzle of embezzlement
Page 152 to 153.

"In many ways the effect of the crash on embezzlement was more significant than on suicide. To the economist embezzlement is the most interesting of crimes. Alone among the various forms of larceny it has a time parameter. Weeks, months, or years may elapse between the commission of the crime and its discovery. (This is a period, incidentally, when the embezzler has his gain and the man who has been embezzled, oddly enough, feels no loss. there is a net increase in psychic wealth.) At any given time there exists an inventory of undiscovered embezzlement in - or more precisely not in - the country's business and banks. This inventory - it should be called the bezzle. It also varies in size with the business cycle."

[Cobra]

bigger picture. we know where the supports are.

[Me XMan]

I'm liking what I see so far

[bonzodon]

why everybody is so bullish here?
pls let it pullback a bit.