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Author Topic: Dow Sinks 226 on Mortgage Market Worries
rimasco
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quote:
Originally posted by rimasco:
Lehman Brothers is next........

Looks like the evaded...... FOR NOW

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thinkmoney
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wow! 450 -550 per month? Do you own a mansion?

I found incadescent bulbs lowered my electric $40+ per month. We also dont light up---

We have for the most part 1 or 2 lights on at night---

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IMAKEMONEY
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PCola77
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posted March 19, 2008 10:52 AM
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Well, my electric bill now is about $450-$550 a month, so where do I sign up?
[Eek!] THOUGHT MINE WAS HIGH AT 250.00

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glassman
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it that PPL power? they are making pretty good money

PPL Corporation (NYSE: PPL) on Friday (2/29) reported revised earnings of $3.35 per share for 2007, reflecting a net fourth-quarter impairment charge of $21 million, or $0.05 per share, related to a reassessment of its natural gas distribution and propane businesses. On January 31, 2008, PPL reported earnings of $3.40 per share for 2007,compared with $2.24 per share a year ago.

PPL Corporation (NYSE: PPL) on Friday (2/22) increased its common stock dividend by 10 percent. With this increase, the dividend will have risen 74 percent over the past five years.

The company has increased its quarterly dividend from $0.305 to $0.335 per share, or from $1.22 to $1.34 per share on an annualized basis. The increased dividend is payable April 1, 2008, to shareowners of record as of March 10, 2008.

This is the company’s 249th consecutive quarterly dividend and the sixth consecutive year that PPL has increased the dividend. Based on the company’s closing stock price Thursday of $47.18 per share, Friday’s dividend increase would improve the current yield on PPL common stock to 2.8 percent.


how you are using that much juice... heat?
ther rate schedule they post looks cheaper than mine.. i wish they'd make the rate schedules more straightforward...
i pay about 10 cents a KWH but it's a real complicated formula, and the more i use? the less i pay... just like you.

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PCola77
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Okay, here's from my last bill:

Residential Heating services:
Customer charge = $7.20
Natural gas supply charge: 213 ccf x .95351 = 203.10
Distribution Charge: 213 ccf x .28288 = 60.25
Balancing Service Charge 213 ccf x .04756 = 10.13
Gas cost adjustment charges: 213 ccf x .02459 = 5.24
State tax adjustment = -1.26
Total Gas = $284.66

Electrical Residential Service
Customer Charge = $5.18
Generation Charges 1320 kwh x .06490 = 85.67
Transmition charge 1320 kwh x .0055 = 7.26
Distribution charge 1320 kwh x .0476 = 62.83
Transition charge 1320 kwh x .0303 = 40.00
Total Electric = $200.49

Grand Total $485.25

That was one of my cheaper ones this winter.

Were you guys only talking about electric? I forgot our bill is gas/electric combined.

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glassman
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we have two separate co's for gas and electric...

Atmos (gas) and Entergy (electric) here..

you are paying about 15 cents per KWhr. that's pretty high...

solar panels might be a reasonable alternative for you already.

i noticed PPL is raising their rates soon too (who isn't)...

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glassman
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Entergy LA charges 108$ for 1000KWhrs...

http://www.entergy-louisiana.com/content/price/bills/ell-ex-alg-bill.pdf

Entergy MS is only 93.79 for 1000 KWhrs

http://www.entergy-mississippi.com/content/price/bills/Ms-bill.pdf
the bill is even more complicated than yours...


when i was in Nebraska? we were only paying 4 cents per KWhr, but that was on '03 now it's gone up to about 6 cents...


RATE SCHEDULES



RESIDENTIAL SERVICE - 01 (Standard) & 03 (with Electric Heating)



AVAILABLE: Within Lincoln, Neb., and the System Service Area.



APPLICABLE: To single family residences and individually metered apartments for all domestic purposes, including water and space heating.



CHARACTER OF SERVICE: Single-phase, 60 Hertz, alternating current, 120/240 volt, 3 wire through a System-owned meter.



BILL: Customer & Facilities Charge + Energy Charge - Summer Conservation Credit (if applicable) + All Riders (if applicable) + applicable Service Fees; based on the RATE in effect and the System's Service Regulations.



BILLING PERIOD: Bills are rendered on the basis of the scheduled meter reading dates or a date agreeable with the System for final readings. Under normal conditions, billing periods typically range from 27 to 35 days.



RATE:

WINTER PERIOD for BILLS rendered in the eight-month period from Oct. 1 through May 31.

*

Customer & Facilities Charge $8.20 per bill
Plus, for billing periods less than 27 days, credit of $0.13 per day times the difference between 30 and the actual number of days in the billing period.
*

Energy Charge
(a) $0.0565 per kilowatt-hour for first 900 kilowatt-hours (KWH) used per billing period.
(b) $0.0419 per kilowatt-hour for all kilowatt-hours over 900 used per billing period.

SUMMER PERIOD for BILLS rendered in the four-month period from June 1 through Sept. 30.

*

Customer & Facilities Charge $8.20 per bill
Plus, for billing periods less than 27 days, credit of $0.13 per day times the difference between 30 and the actual number of days in the billing period
*

Energy Charge
$0.0859 per kilowatt-hour for all kilowatt-hours used per BILLING PERIOD.
*

Summer Conservation Credit
Extended when the Customer's usage during the BILLING PERIOD meets the following condition: Daily Average kWh/Credit - Less than 10.0 kWh per day/$1.50 per bill


http://www.les.com/your_home/rate_schedules_resservice.asp

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PCola77
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I'm in the northeast (near philly). Not sure if it's just my electric company or more likely just more expensive everywhere up here than where you are. I started googling solar stuff yesterday but then went to lunch and forgot to keep looking. Maybe I'll look again today.
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glassman
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part of the issue with solar is that it's much more efficient the further south you are.

i believe the energy providers are already aware of this and are pricing as carefully as they can to be competitive.

at 44KWhrs per day? you are using alot of juice.

a 100 watt light bulb uses 1 kilowatt every ten hours.

i suppose you have an electric oven and electric water heater and maybe even an ancient chest freezer in your basement.

i had one from 1963 that was still working in 96... that was when i did my first energy inventory... i was paying about 40$ per month to run that thing... it was a real hog...

i did the inventory because i found "stray" electricity in my dog kennel one night. the dog kennel gate arced when when i lifted a latch, if it wasn't really dark i would never have seen it..

even tho it was on a GFC circuit? something was wrong and i was losing electricity through about 800 feet of chain link fence. (it was a nice kennel). somebody had run a screw thru the wire on one of the lights and my electricity was "leaking" right into the ground. that's very uncommon.

a 10 KW solar array will produce on average 5 hours minimum of juice over the course of a year. five hours of 10 KW production gives you 50KW per day on average... the electric co has to buy what you don't use, so on peak production days? your meter turns backwards, and on low production days? your meter runs forward.

that would pay your electric bill and not much more. BUT? you would get paid for the cost when you sell your home.

it's really important to familiarise yourself with the way the power calculations works=, the solar dealers are not any differnt from the car dealers or the mortgage brokers [Wink]

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glassman
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anybody watching OIL?

the "powers that be" have decided to tighten up margin availability across the commodity board, which is a very good thing IMO..

when oil hits below 90$? that's my sign to move back into the S&P, and the QQQ....

What's more, banks that lend money to trading clients to finance their commodities bets are taking new steps to shore up their cash cushions amid the global credit crunch. Over the past few weeks, many brokerage houses and trade-clearing agents have required or are considering requiring futures traders to post more collateral, or margin, to cover the daily fluctuations in the value of their bets, traders say.

If investors don't have enough cash to meet the margin requirements, they might have to close out some positions to come up with more money -- which could drive prices down further.

Futures exchanges, which often clear, or stand behind, trades between parties, are also raising their margin requirements. The Chicago Board of Trade, the Kansas City Board of Trade and the Minneapolis Grain Exchange in the past month have raised minimum margins for wheat futures due to the market's increased volatility.

Yesterday's big drops also showed that profit-taking at these levels is tempting. In the week ended March 12, mutual funds and exchange-traded funds investing in commodities futures and raw-material stocks commanding total assets of $65 billion saw a net outflow of $485 million, the largest weekly drop this year, according to EPFR Global, a research firm tracking global fund flows and asset allocation.

"The biggest risk is when speculators are all lined up on one side," as they are now, says Peter Kordell, director of research at Jigsaw Commodities, a Minneapolis-based commodities broker. "When it comes to an end, it's vicious because everybody is running for the door at the same time."


http://online.wsj.com/public/article/SB120597392978550483-cbYAp8vtYEDW9F19v28_O_ PfPt8_20080418.html?mod=tff_main_tff_top

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PCola77
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Thansk for the info. We have an 18-month old house, with all new "energy efficient" appliances. My wife stays home with our two kids though, so I'd expect us to use more than a family that does not have people home all day.

Plus, we've never put any effort into conserving. I leave lights on all the time just out of forgetfulness.


quote:
Originally posted by glassman:
part of the issue with solar is that it's much more efficient the further south you are.

i believe the energy providers are already aware of this and are pricing as carefully as they can to be competitive.

at 44KWhrs per day? you are using alot of juice.

a 100 watt light bulb uses 1 kilowatt every ten hours.

i suppose you have an electric oven and electric water heater and maybe even an ancient chest freezer in your basement.

i had one from 1963 that was still working in 96... that was when i did my first energy inventory... i was paying about 40$ per month to run that thing... it was a real hog...

i did the inventory because i found "stray" electricity in my dog kennel one night. the dog kennel gate arced when when i lifted a latch, if it wasn't really dark i would never have seen it..

even tho it was on a GFC circuit? something was wrong and i was losing electricity through about 800 feet of chain link fence. (it was a nice kennel). somebody had run a screw thru the wire on one of the lights and my electricity was "leaking" right into the ground. that's very uncommon.

a 10 KW solar array will produce on average 5 hours minimum of juice over the course of a year. five hours of 10 KW production gives you 50KW per day on average... the electric co has to buy what you don't use, so on peak production days? your meter turns backwards, and on low production days? your meter runs forward.

that would pay your electric bill and not much more. BUT? you would get paid for the cost when you sell your home.

it's really important to familiarise yourself with the way the power calculations works=, the solar dealers are not any differnt from the car dealers or the mortgage brokers [Wink]


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glassman
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maybe this is why margin requirements got stricter?

UPDATE 1-China buyer defaults on US soy as CBOT slumps -trade
Wed Mar 19, 2008 11:30pm EDT

HONG KONG, March 20 (Reuters) - Word that a Chinese buyer had defaulted on the purchase of a U.S. soy cargo has stoked concerns that more defaults may occur, as international prices of oilseeds and vegetable oils slide from record highs early this month.

Traders said the default involved a buyer in the northern province of Shandong, but they declined to provide further details.

There also had been defaults of one or two cargoes of soyoil from Argentine, and quite a few on palm oils since the buyers could not afford to pay cancellation fees of more than $200 a tonne following the slump in futures, they said.

"There has been a default on an expensive soy by a small player in Shandong. This has been confirmed," said a senior trader at an international house.


http://www.reuters.com/article/marketsNews/idUSHKG33565720080320

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rimasco
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Here were todays top stories:

-Stocks Surge to Start Q2; Dow Soars Almost 400 Pts

-Celent: 200,000 US Banking Jobs at Risk

-Home building tumbled for a record 24th straight month.

-Ford, Toyota US Sales Down in March

-UBS Will Write Down $19 Billion

-Wall Street Castles Made of Sand


[More Crap]

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glassman
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rumor is a big hedge fund is being liquidated today...

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CashCowMoo
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good ol boy posted this on another board....and I find this to be very true.


"What has proven to benefit the stock market is a Democratic President with a Republican Congress. What is also quite effective is a Republican President and a Democratic Congress (just not the current lame duck Congress). Government Gridlock, unfortunately, works best for our economy. "

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glassman
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closed almost 350 down....

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glassman
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Dow is only down about 225 after all of this bad news?

IMO? that's not a good thing...

we are not finding bottom, so we'll most likely be sagging for a long time to come....

i suppose there are alot of people that are smart enough not to overreact and dump in panic... they'll just look for a better day to do it... [Roll Eyes]

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Pagan
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quote:
Originally posted by glassman:
Dow is only down about 225 after all of this bad news?

IMO? that's not a good thing...

we are not finding bottom, so we'll most likely be sagging for a long time to come....

i suppose there are alot of people that are smart enough not to overreact and dump in panic... they'll just look for a better day to do it... [Roll Eyes]

Well it's down about 400 pts right now. So maybe there is still hope for that bottom glass.

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glassman
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Well it's down about 400 pts right now. So maybe there is still hope for that bottom glass.

woohoo! sheesh.. the Fed injection finally sank in...

oil below 95 is good...

i'm looking for 80$ and then the DOW should bottom soon after... all IMO, of course...

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Pagan
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quote:
Originally posted by glassman:
Well it's down about 400 pts right now. So maybe there is still hope for that bottom glass.

woohoo! sheesh.. the Fed injection finally sank in...

oil below 95 is good...

i'm looking for 80$ and then the DOW should bottom soon after... all IMO, of course...

Dow ended up down over 500pts today. I think that's an appropriate drop for the news that came out. I expect a small bounce tomorrow. Bargain hunters should cause a small bounce IMO.

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BooDog
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http://www.globalresearch.ca/PrintArticle.php?articleId=9728

The Real State of the US Economy
Henry Paulson has lost the control over US finance

By William F. Engdahl

Global Research, August 2, 2008

You guys may have already seen this.

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glassman
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quote:
Originally posted posted July 27, 2007 17:29 by rimasco:
I seen this maybe 4 times over the last 10 years

I dont consider the market "healthy" when its overvauled. I think the DJI belongs between 10 and 11k.

I think the NASD is only slightly overvalued by maybe 4%

ding ding ding, we have a winner...

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Propertymanager
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Say that again when the DOW hits 7,700! The only question in my mind is whether that DOW can hold 7,700.
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glassman
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quote:
Originally posted by Propertymanager:
Say that again when the DOW hits 7,700! The only question in my mind is whether that DOW can hold 7,700.

you're hilarious pm. he didn't call that halfway down, if you reread this thread you'll find he called that over a year ago between the double top of the market. he called it based on people buying at to high a PE ratio.

if you read more? you'll find that i called the second top and bailed entirely from US "investment" stock market. as did several others here. it wasn't a crystal ball or voodoo. double tops are standard due to technical trading practices...

i did hold my accounts that are directly with utility co's where i do dividend re-investment because they buy more stock when prices are low...

i didn't expect the market to go this low, and i have no number in mind, what i am looking for is oil below 80$, and as things get worse? i may revise that number even lower. i picked 80$ LAST YEAR when it was still going up based on technical data from the oil co's themselves.

your 7700 guess is just that, a number that sounds right to you. there's not reason to pick any number at this point...

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Propertymanager
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No, the 7,700 is not a guess. For someone that's supposed to be a stock market investor, you don't seem to know much about history. 7,700 was about the low from the dot-com bust and in my opinion that low was never properly re-tested. Subsequent to that time, the stock market has gone up largely as a result in the real estate bubble, which I predicted would collapse a full two years before it happened. That is widely documented on the real estate boards on which I participate.

This is not brain surgery, it's all common sense. Bubbles ALWAYS collapse. Fiat currencies always collapse. We've now had 3 central banks in this country and all have been failures. The country is broke and getting deeper in debt all the time. We MUST have a financial collapse (severe DEPRESSION) to get things straigtened up. That may be coming now or it may occur in the near future. After the depression, we will no longer have all these silly entitlements and we will move into a period of rebuilding that will last decades!!!

You brought up oil prices. If this depression progresses, oil won't be at $80 per barrel - try $30 or even $20 (supply and demand). However, once there is a recovery, global demand will quickly overcome supply and we'll be right back at record prices.

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glassman
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No, the 7,700 is not a guess. For someone that's supposed to be a stock market investor, you don't seem to know much about history.

you haven't been reading much here then.

so you're calling 7700 because of the triple bottom, that you claim was never tested, LOL, do you have a sidekick named larry or curly?

BTW? that's called a head and shoulders bottom reversal... by definition that's twice tested, or tested and confirmed depending on your semantic preference....

since you are so prescient, why don't you go ahead and tell me now if the depression will progress?


i do agree that the housing bubble was inevitable, but only because wages failed to increase along withe the cost of homeownership.

all you had to do to determine that was look for the relationship between median home price and median household income...

tell me how many houses we overbuilt, then you'll know how bad it will get..

as for 80$ per barrel? like i said? that was a technical indicator from last year. anything over 80 was speckelashun.. shall i dig up your statements critisizing me for stating that as the price went to 140?

80 only brings us to the high end of a realistic supply demand price based on the strength of the economy and an ability to return to growth...

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Propertymanager
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The good news here is that we don't need to argue about it. You're saying 10,000 to 11,000 for the low on the DOW and I'm saying 7,700. In fact, if I get a 1,000 point range, I'll say 6,700 to 7,700. Now, we'll just stay tuned and see who's right!
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glassman
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quote:
Originally posted by Propertymanager:
The good news here is that we don't need to argue about it. You're saying 10,000 to 11,000 for the low on the DOW and I'm saying 7,700. In fact, if I get a 1,000 point range, I'll say 6,700 to 7,700. Now, we'll just stay tuned and see who's right!

no i'm not. i didn't say anything of the sort.

what is so amusing about this is that when Rimasco said the market should be at 10 to 11, (last year) the market had just peaked at 14,000 and very few people including me thought it would go that low. i mean i knew fundamentals were bad, but i didn't know how bad, and i can tell you that very few people did... i believe they are worse now than they were then, but nobody knows how bad they are, even the BEST of the best don't know.

now YOU are picking a number off the chart has no other meaning than the last low, technical indicators don't wok that way.. you have to go back to several deep lows and put a support/resistance trend line on them...

but please, don't let me interrupt your guesses they are entertaining...

 -

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bdgee
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glass likes arguing with fence posts.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005  |  IP: Logged | Report this post to a Moderator
glassman
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quote:
Originally posted by bdgee:
glass likes arguing with fence posts.

LOL, i thought i was arguing with the bird on the fencepost, my mistake:

 -

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bdgee
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Hmmmmmm?????.....a gooney bird...
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Propertymanager
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Don't start backpeddling now. I am (and have been) predicting 7,700 and we'll see who is right! I can see that you don't really understand technical analysis. Those points on the graph represent psychology. The 7,700 point was the last significant bottom that occurred during a crisis. That's why I believe that the near term bottom is likely to be at that point.
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glassman
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quote:
Originally posted by Propertymanager:
Don't start backpeddling now. I am (and have been) predicting 7,700 and we'll see who is right! I can see that you don't really understand technical analysis. Those points on the graph represent psychology. The 7,700 point was the last significant bottom that occurred during a crisis. That's why I believe that the near term bottom is likely to be at that point.

show me where i stated it then...

it's all right here.. i never said this was the bottom.

i simply questioned your ability to predict the market.

since every single Investment Bank failed or converted to a commercial bank in the last months? even they didn't predict this, or they'd still be in business.

if you knew anything about charting you'd know that we have already broken below the support line.

and picking that number "just because" it's the old low is funny... as is your claim that it never tested the low...

as for when i buy back in? i'll do that in response to the market itself, not based on some arbitray number picked out of the air..

the DJIA doesn't even have the same co's it did when it set that low...

I can see that you don't really understand technical analysis.
Those points on the graph represent psychology. The 7,700 point was the last significant bottom that occurred during a crisis.


you just made it clear that you don't even know what technical analysis is [Big Grin]

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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quote:
Originally posted by glassman:
if you were caught watching your marbles disappear on the last big drop? you might wanna think about how to keep what you got back over the last two weeks...

bump.
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Icon 1 posted September 20, 2007 14:27 Profile for glassman Send New Private Message Edit/Delete Post Reply With Quote

this was all fundamentals baby. you can go back now and look at the charts and tell me all the reasons you would have bailed too.

but I DID! and i posted as much. sure i only expected a 20-25% drop, but Fundamnetals got worse....

ignore fundamnetals and you are tnothing but a stooge for the people who OWN th emarkets [Wink]

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