Stock Market Today - Intraday discussion - Page 488  

Got hit hard today. Anyone picking up any tech stocks ahead of earning reports?

A familiar pattern?

Yep, looks like we are going sub 12,000 again...

What is the pattern? I don't see it but then again I don't trade patterns.

I can say this...there are a few naked POC's on the YM and those will probably be tested. That's how perceived value is usually proved out anyhow.

New trends emerge and old trends dissipate, but all hold constant in chaos.

A common trend that has always vindicated true market movement is the chaos trend. How this immaculate trend(theory)applies to every day market movement, is for people to decipher.

Inconsistencies leads to consistencies until a new pattern emerges. The truth lies past all the noise that common thinkers create.

Very philosophical who did you steal that from?..... I stole mine from Shakespeare See Sig

Spikes just above 50dMA then the drop again. Nothing complicated.

If payroll numbers are bad next week lookout!

Watching the CPI.

A bit more mathematical than philosophical, as it pertains to the different outcomes on a concurrent basis but I get your point.

Who did I steal it from?.No one. I just summarized the chaos concept behind the market movement. This theory has been well documented for years by Dr. Lorenz but many people either haven't even heard of it or have no idea how this pertains to their markets or life in general. Some points of consideration for the hoi polloi.

Understanding the concept itself is not easy, let alone applying it but is well worth understaind it origin to understasnd the markt pulse.

BTW, I like your analogy on Shakespeare's quote.

GL out there.

I think payroll are worth more than CPI at this point. We all know the fed can't bash the dollar much more without running the risk that OPEC countries start to switch to euro's. People will be watching for signs of a turn around in jobs that matches market sentiment the last two weeks. When they don't get it the numbers will cause a fall. CPI will just be the icing on the cake proving I believe that inflation is still "lurking".

Looks like a move back up to 12385, otherwise a breakdown from our current trend.

JCP cut estimates for the year. This is probably the best indicator of mean consumer spending. They stated that they haven't seen consumer spending remains at multi year lows.

The consumer is not responding and until they do, we wont see a responsive market. All of this fiscal and monetary plans has helped Wall Street at the expense of main street.We'll be stick stuck here for a while. Tug of war baby.

Amp, I agree on your thesis, but I'd venture to say that we'll be stuck near these levels for a while.

Aye, I'm not necessarily a big break either way but more of tiny runs/breaks. Nothing like we were seeing a few months ago but more of previous to that, where we'd call a day/couple day move.

Another boring day. Market started off moderately up and but has since dipped negative. Will probably rally a bit end of day and the DOW will end up +25-40.

I was in Vegas over the weekend for a bachelor party. My flight was delayed 3 hours out of SFO and when I got there, I wanted a drink. Got myself a Fat Tire beer and my friend a black 'n coke, $21...I was like damn, prices have gone up. It was worse than being in Manhattan. Went to club LAX, got lucky we had a VIP pass and only paid $20 each to get in, another round of drinks...cha ching. I was down a bill and was barely catching a buzz, good thing I was done buying and the next man took over. Stuff is expensive out there and I don't always remember it being that way.

Department stores aren't selling anything worthwhile, designer labels are losing their appeal and the truth is becoming more and more evident. Its quite funny how the energy around you can change your way of thinking. It takes a strong brain with supernatural energy to think outside of the box and not be influenced by the various attractor fields our brains are subjected to in every second of our existance. I'm not even talking about the markets that are a completely different layer of control on their own.

i was in vegas too! i sat down at the PICASSO....$123 for a meal! Traffic is insane!

i'm spotting 3-4 month 12600-12700 resistance as well as an uptrending MACD

I hear you lightwaves. Inflation is just going bonkers nowadays. Food is the without a doubt the primary driver in the spike of different goods and services.

I wouldn't be surprised to see higher prices 5 years from now.

Inflation is likely to be the nest scare. It is certainly going to shift/change consumer spending sporadically. closely watching the core CPI numbers.