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But this looks positive...tough market to call the last month or so IMO
Geez... now I don't know what to think. This chart makes me think that the market could suddenly explode to the upside. The MACD crossover that you pointed out is a very persuasive indicator.
I'm still going to be defensive, however.
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
Geez... now I don't know what to think. This chart makes me think that the market could suddenly explode to the upside. The MACD crossover that you pointed out is a very persuasive indicator.
I'm still going to be defensive, however.
I continue to be perplexed too...that's why I will stick w/ short term trades. And now, even though I want the interest rate to go up, I doubt that it will next week...Doug
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Anyone going to the Trader's Expo in Vegas in November??? I'm planning on being there...maybe we could meet up???
It is at Mandalay Bay 11/16 thry 11/19. I was looking at going on 11/15 coming back on 11/18.
But imagine my dissapointment when I noticed that IBD is not on the Exhibitor's List Hanging out and giving them a hard time is always the highlight of the show for me...It even ranks higher than the CyberTrader Hosted Bar.
Let me know...I will probably stay 2 doors down at Excaliber for $69 unless Dave's Casino Hostess can get me a deal.
Unfortunately, the guy who tracks this was on vacation the past 2 weeks and he is missing some data for the week ending 9/1/06. But I just sent him what he needs so he can go back and calculate the YTD standings.
However, without that week the YTD stands at:
IIC Top 10 +15.43% YTD
IBD Top 10 -5.92% YTD
"Trade What Is Happening...Not What You Think Is Gonna Happen"
GM, Ford Discussed An Alliance Or Merger - Report
.
DETROIT (AP)--Executives of General Motors Corp. (GM) and Ford Motor Co. (F) discussed a possible merger or alliance, the trade journal Automotive News reported Monday, but no talks are being held now.
Both companies declined comment.
Automotive News quoted what it said were several people familiar with the talks as saying that discussions involving senior executives began in July and are not taking place now.
The publication quoted one source saying that GM Chief Financial Officer Fritz Henderson and his Ford counterpart, Don Leclair, discussed a GM-Ford alliance in August.
The report comes as GM and Ford have been slashing their work forces and closing plants in efforts to reverse multibillion dollar losses. Their sales have been hurt by competition from more fuel-efficient models from Asian automakers.
As the two biggest U.S. automakers, any deal would presumably face scrutiny by U.S. antitrust regulators.
In July, GM, Renault SA (13190.FR) of France and Nissan Motor Co. (NSANY) of Japan announced a 90-day review of an alliance among them.
"As we've often said, GM officials routinely discuss issues of mutual interest with other automakers," GM spokesman Brian Akre said before business hours Monday. "As a policy, we do not confirm or comment publicly on those private discussions, which in many cases do not lead anywhere."
Ford spokesman Oscar Suris, also speaking before business hours, said: "We're not commenting on speculation."
Talk of alliances involving GM came after GM shareholder Kirk Kerkorian, who owns a 9.9% stake in the company, called for GM, Renault and Nissan to pursue an alliance.
Carlos Ghosn, the chief executive of Renault and Nissan, has said the benefits from an alliance would be similar to the gains from the Renault-Nissan alliance, which have included cost savings from joint purchases of auto parts.
Ford earlier declined to comment on an August Wall Street Journal report that then-Chief Executive Bill Ford approached Ghosn about a Ford alliance with Renault and Nissan.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Indicators so mixed...what a drag...will continue to DT...although DT'ng doesn't bother me...But makes me kinda antsy...Perhaps the FOMC will get things moving better???...Although I really wish the rates would rise...I don't see that now...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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