Today might be the start of the new downhill push… The technical analyists will say that we look to be in a clear “head and shoulders” pattern. They are saying that if the S&P breaks down through 880 that the trend will be confirmed and we will go down further.
This is scary and you really do not know what to do with your funds but ride it out.
I am the only one that has noticed when the market starts up so does crude oil and then it drops back down.
Wish the oil traders would see what the real problem has been
Sea Pro 210cc
Yamaha 200 4 Stroke
Dodge 1500 4x4 HEMI
Not totally unusual for July/August, especially energy stocks. I took profits in June, and am waiting for pullback to get back in, for late fall run-up (I hope).
S&P at 954, what happened to the “downhill push?” Skineej, how much more upside potential do you think we have, or is the inevitable head and shoulders breakdown just delayed?
Long Enuff
quote:I have no idea. Obviously, the "head and shoulders" didn't play out. I am still anticipating some kind of pull back or correction though eventually. I feel that the triple 6 was the bottom for 2009 at least, but still think that we will test around 750-800 eventually though. Who knows. In the meantime, I am still buying stocks that I think are good values for the long term, especially if they pay dividends. My latest two purchases were ERF, PWE and I am planning on holding them "forever"...
Originally posted by Long EnuffS&P at 954, what happened to the “downhill push?” Skineej, how much more upside potential do you think we have, or is the inevitable head and shoulders breakdown just delayed?
Long Enuff
I hope the tech run continues for awhile; I loaded up on TNA earlier this month when it dipped.
Long Enuff
quote:Every man loves a little "T&A"!!!
Originally posted by Long EnuffI hope the tech run continues for awhile; I loaded up on TNA earlier this month when it dipped.
Long Enuff
Even old ones!! 
Long Enuff
Yall shoulda herd longenuff talk about his bride yesterday while we was fishin : )
Ronnie, you dog! You know I got the pick of the litter!!!
Long Enuff
TNA up $2.93 or 9.5% today. T&A, yet to be determined!!
Long Enuff
quote:
Originally posted by JazzedYall shoulda herd longenuff talk about his bride yesterday while we was fishin : )
C’mon Ronno, what’s said on the boat, stays on the boat!![:0]
“Miss Amanda”
-KeyWest
-Bluewater 2020CC
-Yammy F-150God is GOOD!! ALL the time!!</font id=“blue”>
quote:
Originally posted by JazzedYall shoulda herd longenuff talk about his bride yesterday while we was fishin : )
I’ve seen no reports…???
“Miss Amanda”
-KeyWest
-Bluewater 2020CC
-Yammy F-150God is GOOD!! ALL the time!!</font id=“blue”>