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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Perspective who wrote (69720)9/13/2006 7:32:22 PM
From: patron_anejo_por_favor  Respond to of 110194
 
>>So, does anybody have any clue why the retailers are on fire here?<<

'Cause the housing bubble has finished imploding, the bottom is in, and the home ATM will reopen anytime now?<GGG>

Glad I covered the CC short when I did, looking to whack BBY when the Sto's roll over.



To: Perspective who wrote (69720)9/13/2006 8:18:40 PM
From: bart13  Respond to of 110194
 

So, does anybody have any clue why the retailers are on fire here?


Looks parabolic or blow off or rhino-horn like from here.

Consumer credit has been trending down on a Y/Y rate of change basis since 2000 - last month it grew 3.3%... and that was after some "redefining" of the data series numbers. The old number was about 2.1%.



To: Perspective who wrote (69720)9/14/2006 6:02:40 AM
From: YanivBA  Respond to of 110194
 
Retailers sure look on fire don't they?



The way I see it this is a technical correction. Notice the triple bullish MACD divergence. The 50-week MA and the down channel are is still intact but they could be breached and we would still be able to blame the MACD. I think for sure the 200-week trend will hold. In terms of volume I think a short term reversal is near.

stockcharts.com

Thanks for the heads up. RTH in now on my short list.

YanivBA.