At the close of trading, some of my favorite longs were Masco Corporation [[MAS]] , Cummins Inc. [[CMI]] , POSCO (ADR) [[PKX]] , Nucor Corporation [[NUE]] , TEKELEC [[TKLC]] , SandRidge Energy Inc. [[SD]] , Green Mountain Coffee Roasters Inc. [[GMCR]] , Ctrip.com International, Ltd. (ADR) [[CTRP]] , Wimm-Bill-Dann Foods OJSC (ADR) [[WBD]] , [[CBD]] and Corinthian Colleges, Inc. [[COCO]]
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Joined Nov 10, 2007
23,445 Blog Posts
Shutup bearshitter. 100 percent cash is for morons. We didnt even stay below 1080 for more than one day and that was more of a washout than anything else.
Ctrp is not crappy, idiot.
Monsieur, ou vos visage pour l’icon?
Pour le docteur, je parle.
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I thought you people ate “freedom fries”.
Who’s “you people,” commie racist?
(People talk about the South, but it’s actually the South of Boston that’s the most racist area in America. Believe it.)
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More lies from Woody … you haven’t been around here in so long that you’re still living that lie from the 80’s …. hasn’t been like that for a long time unless you still have a large clan residing in Southie continuing the old traditions along with the gay rights parade,eh?
Calling out you neocons for your re-naming of french fries make me a commie racist? Silly tool.
LOL. Shocker that Purdu can dish it out but can’t take it, isn’t it?
Sack up, teen queen.
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“No downside market”
someone at the table has the tsar bomba card….hmmmmmmm who could it be.
Putin?
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Palin is fucking retarded.
Yeah, vote O’Bama-Biden, dammit!
Have I thanked you for that, today, Monsieur?
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Funny how on Friday it was a sure thing the market was going to below 10,000 and today we’re going to 10,500.
things change
Perfect timing!! i believe we test market highs withing the next 2 weeks before another 5% pullback..
I concur
New Doctor? Less Leering?
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Looks to me like a proctologist.
Vasectomist
Vagitarian!! LOL
SPX did not close over the last candle of a few days ago. However, the range yesterday was 16 points and today was 17 points from low to high. I think we will be another 16-17 points up tomorrow which will make three advancing white soldiers. That is my guess.
The dollar and Vix continue to tank.
http://bit.ly/b5VjBl
No one was paying attention when I said to go 100% cash on ANY pullback. You have tomorrow through friday to do so. (even this pullback may not happen BTW) do NOT buy anything antill 1030 on SPX clearly holds, othewise – wait for 200 MA to be hit
Guess what? No one is paying attention now, either.
CTRP tanking after hours! Didn’y you say a couple of days ago not to play crappy chinese stocks…
You are flip flopping more than Senator Dodd these days.
Do you only look at the tape? Earnings were off the board and beat all estimates. 40 before year’s end.
Mia Culpa! At least I didn’t do anything today other than eat a sandwich ….
I misread last nights OEW as an indication of Int Wave2 up being completed when INDEUD it was a signal that Int Wave1 had ended and Wave2 was underway. Fly is right again!
“As noted yesterday, a break through the OEW 1090 pivot would help to confirm that Intermediate wave one ended at SPX 1072. We updated the hourly/daily SPX/DOW charts this morning, and Intermediate wave two is now underway. During this bear market, wave two retracements have usually been between 50% and 61.8% of the wave one decline. This suggests that Int. wave two could rally between SPX 1111 and 1120, and possibly higher. Will be looking for the daily RSI to get overbought before expecting an end to Int. wave two.”
Up, Up and Away for the time being … WooHoo!
LOL. You’ve got a different story for every minute with that crap. How do those guys expect to be taken seriously?
Get this, after saying that 1096-1100 was the top earlier today (remember?), you come out with this:
This suggests that Int. wave two could rally between SPX 1111 and 1120, and possibly higher.
Possibly higher, eh? 😉
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+1 million Jake.
Blow a goat Wilmer!
He’s right. As if you couldn’t be a bigger idiot for following that crap, you apparently can’t even interpret it correctly. LOL
You think we make new highs? Put your $ where your mouth is fool .. OEW is a tool to keep you in or get you out in a timely fashion. It’s easy to make a mistake if you’re tired, rushed, ill, whatever with so many types of waves (minute, intermediate, primary, flat, abc, etc) … it wasn’t wrong, I read it wrong, shit happens douche.
Whatever you say, buttparty.
Ok to take your knee pads off now … here’s your cup
It wasn’t OEW Jake, it was my reading of it (mia culpa) as I interpreted the 1100 as the possible high for this leg rather than a confirmation of the prior wave low and the new wave beginning … just trying to rectify an earlier remark that I made incorrectly …. you must improve your reading skills as well since the speed reading isn’t working for you.
…. and you must improve your Latin skills. Mea culpa is the proper term. Using Latin is a very Jason Treu move anyways.
Thought Treau was French … my problem is segregating the French, Latin & Spanish after all these years from that parochial education they gave me.
That wave shit is total crap. It might have worked for a while 30 years ago but it doesn’t work now.
We shall see …. OEW claims we are in a bear market and have just completed the first leg down … after this 50-62% retrace of the initial leg down we should move back down again though lower …. if a new high is established then yes they will be guilty of moving the chains on an incomplete pass.
Solid bounce off 1072.91 means next stop 1167.03. Me thinks.
Agreud.
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if we trade slightly down the next 2 or 3 days we’ll have a little bull flag going maybeh
Perhaps. I’ll be watching the cumulative adv/dec lines and the new high’s/low’s as we move along during this rally. My gut tells me that both will be in non-confirmation mode and combined with an impending death cross on the major averages the bell will be ringing that we’ve reached a good entry point for some inverse etf’s.
Or my gut could be telling me that I’m hungry and I need to go eat a sandwich.
fid
Citigroup on CMI tonight:
Cummins Inc. (CMI) Confidence Growing in Our Emerging Markets Thesis; Tgt $58; Buy
Raising Ests / Tgt As Emerging Markets Thesis Gains Momentum – FY’10 EPS goes to $2.50 (from $2.00), reflecting cost reduction benefits (expected to support positive margins in 1H10 Engine results even w/ major drop in NAFTA vols from 2H09), improved px/cost, and higher (emerging markets) JV income. FY’11 and ’12 go to $3.50 and $4.25 (from $3.25 / $3.90, respectively) on higher earnings base / rebound in NAFTA HDT markets. Target to $58 from $53 on higher earnings; Buy.
…
Strong 4Q Driven By More Than Just Pre-Buy – Operating EPS of $1.37 handily topped our $0.83 est and consensus of $0.76. Earnings quality was solid, even after stripping out a $0.15/shr tax benefit in 4Q, with every segment except Power Gen out-performing vs. our forecast. Engine (+$0.25) and Components (+$0.12) benefited not only from EPA10 pre-buy in 4Q, but also from a sharp pickup in LDT shipments (Chrysler) and improving industrial markets (mining, intl construction)
Rahm Emanuel delivers the swagger befitting a future iBC tabbed blogger:
“Fucking retarded,” Mr. Emanuel scolded the group, according to several participants. He warned them not to alienate lawmakers whose votes would be needed on health care and other top legislative items.
http://online.wsj.com/article/SB10001424052748703808904575025030384695158.html
What is fucking retarded is that stupid bitch has taken political/social correctness to a new level – somthing I thought was left for the pussy left. The pussy right….hmmmmmmm.
Well, she does have a pussy, at least. Most of the male left just acts like they do.
Right pussy?
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Jake,
Go fondle your gold bars.
Done.
They are starting to get all rounded at the corners, at this point.
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Buy the futures every night for free money. Every day is a guaranteed gap up.
Using historical data from past recessions, I calculated what unemployment might be in 2 years assuming Friday is the top in jobs. I also calculated the average market rise during that two year period. This chart shows what I came up with.
http://bit.ly/bTOAlF
The “T MOE Bravado Quotient” wins again. That fucker’s undies were steaming on Sunday night. A sure sign of a reversal to the upside. Also, my Tim Knight Smugness Puts have been on fire this week.
LOL @ the TKSP’s.
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RIMM back above 65 could gain some momo
Yah, RIMM was featured on Stevenplace Saturday – stays above 65 quick run to 70……
We shall see.
Fly, do you solemnly swear that we go to 10,500?
No way 10500. We will be lucky if we get 10375. This is no longer a long only market.
Why stop at 10,500? That’s only 1 more day or so.