Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Qualified Opinion who wrote (77124)	10/21/2007 8:53:22 AM
From: Real Man	Respond to of 94695

Yep, that's the plan, and we'll see if it works -g- Rate cuts should help housing. The dollar is the only problem - the cuts will "help" it to come down significantly, which will fuel much more inflation in energy and commodities. That puts more pressure on J6P.

To: Qualified Opinion who wrote (77124)	10/21/2007 9:45:26 PM
From: Real Man	Respond to of 94695

Well, I rotated partially into Yen from gold last week, which is a BK-ish bet, since Yen and stocks are anticorrelated, but not buying any more puts prior to another cut -g- Just staying away from stocks altogether. -g- Yen has been rising lately a lot more than stocks declined, and didn't decline much when stocks had a sharp rally. Have stops on gold and will rotate more if they decide to bomb it.

To: Qualified Opinion who wrote (77124)	10/21/2007 11:03:08 PM
From: Real Man	Read Replies (2) \| Respond to of 94695

The bounce cash price level for SP is 1472, so we have a bit of down room left. That's close to 200 DMA, even though the model knows nothing about it, not so unexpected. The market could reverse above it, and it will give a buy then. -g- The effective time frame is into mid-November, so the market could remain volatile a bit longer unless it drops to that price level soon, kind of expected with these cross-currents of deteriorating credit market and the cutting Fed.