Market Soapbox 12/05/07
WEN, bounce, DJIA +196 on lower volume with nice internals. All UP.
Bonds down 10 yr yield +8bps 3.94, $ up vs 1.46E & up vs 110.93y, WTI down 1.5% $87.02, gold down $803.7
Last Wen: "Resistance awaits NDX 2120, SP500 1480. Gauge the reaction at this level."
Yesterday: "We sense a head fake back to MAX PAIN SP500 1480 and NDX 2100 coming."
NDX gap up 2059 to 2083, rise to 2103, fall to close 2099. SP500 open 1465, rise to 1485. As predicted, right on the money for MAX PAIN.
Must penetrate resistance at this level to continue upward till Fed meeting Dec 11th.
Dismal economic reports and Moody's warning on MBIA ignored. Tomorrow Toll Bros will be dismal.
Is it a head fake? Lets see. Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
Bonds down 10 yr yield +8bps 3.94, $ up vs 1.46E & up vs 110.93y, WTI down 1.5% $87.02, gold down $803.7
Last Wen: "Resistance awaits NDX 2120, SP500 1480. Gauge the reaction at this level."
Yesterday: "We sense a head fake back to MAX PAIN SP500 1480 and NDX 2100 coming."
NDX gap up 2059 to 2083, rise to 2103, fall to close 2099. SP500 open 1465, rise to 1485. As predicted, right on the money for MAX PAIN.
Must penetrate resistance at this level to continue upward till Fed meeting Dec 11th.
Dismal economic reports and Moody's warning on MBIA ignored. Tomorrow Toll Bros will be dismal.
Is it a head fake? Lets see. Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
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