Homersays

[Homersays]

Sticking my neck out which isn't very smart, but I am hearing the CPI core tomorrow could be as high as .4. Source has been good in the past buy no guarantees.

[Homersays]

Short covering ahead of the CPI . Dow held 10700. (10701)

[Homersays]

Shades of 1987.

[Jim Smith]

Here's what I say

Everybody and their brother is looking for a bounce. The problem is, there are a ton of trapped longs that want out bad....We may bounce on a bad CPI on Wednesday, don't expect that to hold for long.....The real low comes in late July.....And it's a lot lower than we currently are....There's no place to hide except cash....My advice is not to watch CNBC or listen to Jim Cramer....
My target on the S&P is a gut wrenching 965.....That's the area of the top of the range and the triple bottom.

[lemonjello]

jus sayin

You can hide in shorts.

Everybody and their brother is looking for a bounce. The problem is, there are a ton of trapped longs that want out bad....We may bounce on a bad CPI on Wednesday, don't expect that to hold for long.....The real low comes in late July.....And it's a lot lower than we currently are....There's no place to hide except cash....My advice is not to watch CNBC or listen to Jim Cramer....
My target on the S&P is a gut wrenching 965.....That's the area of the top of the range and the triple bottom.

[Homersays]

Stocks opening higher which is generally not a good sign. Stay liquid.

[Homersays]

BA upgrade fueling the rally in the Dow. Up almost 4 points. INTC another upgrade today. George Soros says: "Cash is King!"

[DSteckler]

INTC running into resistance at the 20-day EMA.

[New-born baby]

Stocks opening higher which is generally not a good sign. Stay liquid.

Some very sage advice. Keep posting! We like it!

[Homersays]

NYSE Nasdaq
Advances 1283 (38%) 1185 (37%)
Declines 1927 (57%) 1822 (58%)

Terrible breath thus far today. BA holding up the Dow.

[Homersays]

Breadth not Breath. No Jokes LOL

[Homersays]

As I am sure you all are aware that the Fed decision will be on the 28th and not the 29th as I have been posting. Sorry for the goof. That said, nothing has changed: 1/2 pt and pause. Ten trading days after today. Stay tuned for any change.

[Homersays]

Late day pump job forcing the shorts to cover. Don't get sucked in. Sell if you haven't already done so. Dow has jumped 50 pts in 20 min.

[Homersays]

Nasdaq up 22. Talk about pump and dump. Rally began yesterday at 3:30 with Nasdaq virtually unchanged. Don't get sucked in. Stay liquid.

[Homersays]

The best laid plans of mice and men or so the saying goes. This is the sought of rally I was expecting on the Fed raising 1/2 pt. and pausing. Today Bernanke added fuel to the rally with his comments. Volume is heavy. Shorts are getting the life squeezed out of them. Dow 11000 seems a given.