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To: Crimson Ghost who wrote (90)1/16/2009 11:16:30 AM
From: LTK007  Respond to of 290
 
Awesome!!!!! i am posting link on my "My Space". Max



To: Crimson Ghost who wrote (90)1/17/2009 11:17:42 AM
From: LTK007  Respond to of 290
 
Rally Failure
by Carl Swenlin
January 16, 2009

In my January 2 article I pointed out that the stock market was overbought by bear market standards, but that the rally had plenty of internal room for prices to expand upward if bullish forces were to persist. There was a brief rally and a small breakout, but then the rally failed, breaking down from an ascending wedge formation. I wasn't really expecting a bullish resolution, but one must keep an open mind when appropriate conditions appear.

On the chart below you can see the short-term declining tops line through which the breakout occurred. Instead of a buying opportunity, it was a bull trap. At this point we must assume that the November low will be tested. Note also that the PMO has crossed down through its 10-EMA, generating a sell signal.
link to charts and stuff
decisionpoint.com



To: Crimson Ghost who wrote (90)1/17/2009 12:01:05 PM
From: LTK007  Read Replies (2) | Respond to of 290
 
i will be mixing in SOME financial stuff on this thread,CG. With that i paste a post about TBT and such, and ask have you entered TBT yet???

<<Posted by: 10 bagger Date: Friday, January 16, 2009 5:13:23 PM
In reply to: None Post # of 111086

TBT..

Just doubled my position in after hours.. $40.02 to $40.08.. Bill Gross believes the major distruction and funds distribution to banks has been done and if so interest rates should move up from here.. 1/2 my position is hedged.. 250 basis points is worth 10 points on TBT..

Form a prior post..

"ONE SIGN OF TROUBLE FOR TREASURIES is the resilient price of gold, which has risen $150 an ounce since late October, to $880 an ounce, despite weakness in most commodity prices. Investors rightly see gold as an appealing alternative to low-yielding Treasuries and virtually nonexistent yields on short-term debt as the government cranks up its printing presses. Gold was up $45 an ounce last year, while oil was down 50%. Another worrisome indicator: The dollar has weakened recently, losing 10% of its value against the euro in the past month.

It is difficult for individuals to sell Treasuries short, but two exchange-traded funds, the Ultrashort Lehman 20+Year Treasury Proshares (TBT) and the smaller Ultrashort Lehman 7-10 Year Treasury Proshares (PST), offer a bearish bet on the Treasury market. Both these securities are designed to move at twice the inverse of the daily price movement in Treasury notes and bonds. Since the summer, the 20+Year Proshares has fallen almost 50% as Treasury prices have surged. If Treasury yields return to June levels, the ETF could double in price. Another alternative for T-bond bears is to sell short the iShares Barclays 20+Year Treasury Bond Fund (TLT), an ETF that gives exposure to the long-term government-bond market.

While Treasuries look rich, other parts of the bond market beckon, including municipals, corporate bonds, convertible securities, some mortgage securities and preferred stock. The average junk bond now yields 20%, compared with 9% at the start of 2008.">>