Time to work up an analysis....be back
SIRIUS XM SATELLITE RADIO FORUM
rich people have been getting hand outs forrver, bu its called a tax break if your rich or a business, if your a down and out individual its called a handout, pretty backwards if u ask me.
I only posted that there for you, ha ha
Just trying to get your blood flowing. A little intermission entertainment...
I got this today on a 1099G it says...A tax benifit for people who work..
If you worked in 2008 you could qualify for the earned income tax Credit (EITC) If so you'll owe less taxes, and you could get cash back...even if you don't owe any taxes....
worker raising 2 or more children under $38,646 you get $4824
worker rasing 1 or more children under $33,995 you get $2917
workers ages 25-64 no children under $12,880 you get $438
in the home! The new system already at work!
Well I guess when you get lemons you make GIN & LEMONAID!
Im in.......... Ok Bill whats the game plan for tomorrow!
Ok, here is what I have reaped:
First of all, I don't see any leadership in this market yet. There is nobody leading the way. Sure, the financials have been going up and pulling everything related with them to varying degrees, but it is still a two cycle market up and down at the same time which has caused it to go sideways.
In the last hour of trading I noticed that the sellers were getting a bit of a bite, but prior to that everything was sideways. Take for instance LVLT...it was at 1.17 the majority of the day. SIRI was the same....you have the idea...prior to that at the beginning of the day prices were going up for the first hour or two.
***** THE DOW IS GETTING CLOSE TO THE 50 DAY MA, THIS MAY GIVE TIME FOR ONE MORE BOUNCE FOR THE FINANCIALS ***** (Sorry for the caps)
The RSI on the DOW is showing a desire for an uptrend pointing at 45 and a possible breakout.
Once we get close to and hit 8500 then selling is going to start again. We will be over the 50 day MA
The resistance levels are: 8350 and 8500
The support levels are: 8000 and 7935
Tomorrow could be wild and maybe sideways with a gain again
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The Nasdaq -
Resistance Levels - 1580, 1600, 1665
Support Levels - 1517 and 1500
We went over the 50 day MA of 1518 and this is a really bullish sign.
The RSI is @ 55 and this is really bullish. The RSI is pointing towards a breakout.
Selling is going to happen around 1600 or above.
(Just thinking out loud)
Comments Please:
Bill
I like Gin and Lemonaid.......Originally Posted by Sworntwofun
I believe tomorrow will be a lot like today....still going up some and then sideways...but like in the post before this one everything is pointing bullish. The market wants to change.
I am just going to ride with the wind while Tripps makes a ton of money in the financials. Good for him and his wise decisions with BAC
I just want to get a better handle on what the trend is.
Other than that there isn't much I can do. I am going to do my newest hobby (transferring money) so Monday I can do something if I decide to...A guy has to keep that weapon loaded.
Did you read my post about GTXO? If not, take a look at it a little ways back and tell me if you see what I see. Anybody that has GTXO is welcome to comment.
I sent an email to stockwatch.com and they sent me back an email saying that I was on the whitelist now. I am usually not used to that, I am usually on the S**tlist. They didn't come back and say that there is a new chat room for us, so I guess we should check. It would be fun to chat on there with us and other people.
Ya, he is a riot. He is one of those people that talks so much that you don't ever have to say anything. Makes for a real easy work day. You just have to give him a subject and off he will go. He is a really smart guy so it is usually really interesting, except when he talks about his wife.
I noticed the financials started coming down towards the end of the trading day... and continued down in AH... The last time I think it was in Nov. that the financials acted like today... they gave everything back the following day...
I think other then Sirius For some reason when ever the markets corrects back down Sirius always does its best...So i see at .13 and maybe staying there or settling at .12....but a bad day for financials which I will get back in.. I have no data to back it up...just my gut...Which if i didnt miss by 1 cent on monday...I would of been right on the money and out today and back in financials tomorrow.... That my guess.....we will see!!!!
good night, im beat, cya guys tommorow,hopefully the banks can keep gaining cause thats good for everything else.
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