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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (75758)	6/15/2007 9:07:11 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

Not at all, this new up spiral is huge, so there's plenty of upside room... IF we get there, the first real selling could be seen at the 1590ish level... we'll see if we ever get there, that is, before the big one arrives...<g> GZ™

To: Real Man who wrote (75758)	6/15/2007 9:44:03 AM
From: re3	Read Replies (1) \| Respond to of 94695

i see EEM @ 52 week high now... how are you playing this market, anyways ? -g- edit, dow is barrelling ahead ! Dow jumps 100 points on inflation data By TIM PARADIS, AP Business Writer 1 minute ago NEW YORK - Wall Street barreled higher in early trading Friday after the week's most anticipated economic reading indicated that inflation excluding the price of gas remained tepid last month, easing some concerns that have jolted stock and bond markets in recent sessions. The Dow Jones industrials rose more than 100 points. ADVERTISEMENT The consumer price index showed prices rose at the fastest pace in 20 months last month as the price of gas jumped. However, the so-called core personal consumption price index, which excludes often volatile food and energy prices, rose a lower-than-expected 0.1 percent. The figure, which the inflation-weary Federal Reserve watches closely, was below the 0.2 percent increase Wall Street expected. Friday's session follows a strong surge in stocks and could see added volatility because of the expiration of four types of options contracts — an occurance known as quadruple witching. In the first minutes of trading, the Dow jumped 108.44, or 0.80 percent, to 13,662.16. The climb puts the Dow back near its trading high of 13,692.00, reached June 1. The move higher follows sharp gains Wednesday and Thursday that marked the Dow's best two-day advance since last July after figures on wholesale prices excluding food and energy costs showed inflation rose at a modest pace. Broader stock indicators also rose. The Standard & Poor's 500 index rose 9.59, or 0.63 percent, to 1,532.56. The index approached its trading high of the year of 1,540.56 and advanced toward its record trading high of 1,552.87 set in March 2000. The Nasdaq composite index rose 27.75, or 1.07 percent, to 2,627.16. Bond yields on the 10-year note fell to 5.20 percent from 5.23 percent late Thursday after release of the CPI report. ___