Payroll Turd Polishing

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tradesmart

Well-known member
Aug 24, 2002
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Peel
215k......G-MAN gets the paper hat...!...... ;)

The market's a bit overbought at the mo' and may have limited rally potential...

Could be a 'sell the news' job.... :confused:
 

FetteredChinos

Well-known member
Jun 11, 2003
3,897
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Fraggle Rock
www.xlexceladdin.com
not just yet chaps... patience.. ;)

dips on wednesdays are usually bullish into early monday....

all depends if Daddy Dow can pierce 10940 with gusto...

edit:- and no sign of the upmove stopping on the 5 min chart..

still higher lows and highs, and no divergance on the obvious sources...
 

tradesmart

Well-known member
Aug 24, 2002
1,286
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Peel
US bonds/Stock futs/European stocks virtually unmoved.....

Cable/Euro taking off - might signal and end to the $'s recent strength....

Could be difficult for US indices to get upside traction today imho...

And there's some bl**dy great opening gaps from yesterday to fill.... :cool:
 

tradesmart

Well-known member
Aug 24, 2002
1,286
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Peel
pessimist
Not necessarily - we saw a lot of whipsawing in October at the 'bottom' which was the accumulation phase - now we're the 'top', we'll likely see some whipsawing/consolidation during the 'distribution' phase.....

I suspect that the Dow will break 11000 in a few weeks, but I reckon the mm's will want to give the tree a good shake first....

Or even get a lumberjack in..... ;)
 

tradesmart

Well-known member
Aug 24, 2002
1,286
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Peel
And of course, big Al likes shaking the $/Dow tree as well...... :LOL:

Fed chief Alan Greenspan urged Congress to take steps to bring the federal budget deficit back into balance before it gets to be too late.

"In the end, the consequences for the U.S. economy of doing nothing could be severe," Greenspan warned in a speech prepared for delivery to the Federal Reserve Bank of Philadelphia's policy forum on the federal budget outlook Friday.
 

G-Man

Active member
Feb 26, 2003
243
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London
Well just look at that. I open my mouth and the market moves!!

I must have as much power as Greenspan.

G-Man