Runner's Rascals

[New-born baby]

Next week's market

Runner/Raven

I have the idea that the institutions are re-arranging their portfolios for the new year and they aren't quite done. They take a day off between attacking the market to give us "suckers" (as they call us) a chance to jump back in, so that they can take some more of our money. Thursday the market was up early, and then came the heavy selling late in the day for a 111 point loss. Look at the volume today: I don't think it was all that heavy. That's a tip.

Hey, before we jump up on any bulls, it seems to me there ought to be some big profits, profits, profits to bring on the bulls. Caution (re: day trade) is the word.

[Runner]

I’m adding SWIR to my watch list for next week. May see some short covering going into earnings? Not to mention it appears to have formed a double or triple bottom.

[Runner]

Newborn, my outlook on this market is to proceed with caution. You very well may be right about the rotation. I may become bullish if 2100 on the nas can be reclaimed, but time will tell. I also expect more choppy waters ahead.

Sign of the Bear when market crashes in the afternoon!!

[Runner]

Not sure about this but the DOW may be setting up the right side of a H/S pattern? This would not be good.
S&P put in a double bottom off 10 minute intraday. First bottom in @ 1175.64 on 12 Jan and second @ 1175.61 on 13 Jan. uuuhhh
Nas did the same thing during that same time period. Uhuhu
Nas 100 did the same

Based off my latest finding this next week will prove interesting

[MEA_1956]

Dis

I'm not quit sure but I read some where that there might be a play here for you to look into. Merril Lynch uppppp graded so that is six uppppps in a row. I myself don't see alot of room to grow here but they sure thought it was a good play. SO GO DIS DIS DIS ===> M.E.A.

[Runner]

MEA, great call on DIS seems to be doing rather well today!!

[Runner]

Today’s action on the nas looked pretty good. I got 2 signals I’ve been waiting for. I’ll wait a day or so too see if I get a confirmation signal. If I do the raven sheds it’s feathers and the Eagle gets ready to soar!!

[Runner]

Looks like the Raven may stay for a while!! Exercise caution in this crazy market. I will remain in cash until after earnings

[Websman]

I'm back to 100% cash

[Runner]

Smart man in cash. Save yourself the whipping action of this silly market.

[Runner]

Might be a good time too be taking a break from the grind. Maybe once earning season is over things might figure out what they wish too do?

If your Brave and have too be in the market all the time I wish ya well!

[Thomrich]

Well said,

About 3 weeks ago on Bloomberg tv,they had a guy from Elliottwave int. calling on a substantial correction.One piece of advice was 3mo treasuries,anyone have any experience purchasing them?

At least get some return on cash while the market gives a direction.

cordially Tom

[Runner]

[New-born baby]

How about another plan?

Well said,

About 3 weeks ago on Bloomberg tv,they had a guy from Elliottwave int. calling on a substantial correction.One piece of advice was 3mo treasuries,anyone have any experience purchasing them?

At least get some return on cash while the market gives a direction.

cordially Tom

Here's a couple of ideas:

1. Buy a Can and make 4x more money in three months.

2. Short GM. Yes, it looks as though GM's credit rating is going to be reduced to junk bond status. Sad, sad, sad. Health care costs this year were $5.3 BILLION. That comes right off the bottom line. Do you realize the dividend they could pay if that was gone?

[Runner]

Well this week has been just awesome. I’m thinking it is possible we may see a 38-50% retrace on the nas. Looks like stronger support @ the 50% line though. What ya think???