Wisdomtree Gold Discussion Threads

[philmiboots] 14/2/2007 23:41

Still going strong!!........


Dow hits new high

By Bill Barnhart
Tribune markets columnist
Published February 14, 2007, 3:56 PM CST


Stocks advanced broadly for the second straight day today, pushing the Dow Jones industrial average to a record closing high, after Federal Reserve Chairman Ben Bernanke said inflation pressures are easing and the economy is strong.

Bernanke's remarks were similar to earlier Fed statements, but they reassured traders that chances for Fed interest rate increases anytime soon have disappeared.

Treasury securities rallied along with stocks on Bernanke's benign remarks to the Senate Banking Committee. Oil prices fell in futures trading.

The Dow Jones industrial average rose 87.01 points, to 12,741.86. Only four of the 30 Dow industrials-Home Depot, Wal-Mart Stores, Coca-Cola and Alcoa-declined. Peoria-based Caterpillar was the biggest contributor to the Dow gain.

Technology stocks, including Microsoft, International Business Machines and Google, were also factors in the day's rally. Microchip producers were big winners. Advance Micro Devices, which makes semiconductor fabricating equipment, jumped 2.4 percent after the company's CEO predicted rising orders.

[philmiboots] 17/3/2006 08:55

Blown through the 6000 barrier then!

[philmiboots] 08/1/2006 21:47

Still she rises.

FTSE 6000 anyone?

On 30 December, 1999, the FTSE 100 peaked at 6950. On 12 March 2003, the index bottomed out at 3277

FTSE expect to reach 6,000 on merger activity
By Charles Batchelor
Published: January 6 2006 12:34 | Last updated: January 6 2006 12:34

Fund managers and independent advisers expect the FTSE 100 Index to rise further during 2006, according to an industry-wide survey.
Ninety-two per cent of financial advisers expect the market to rise overall while 77 per cent of fund managers shared their optimism.

[philmiboots] 23/11/2005 21:02

Game still on then!

[philmiboots] 22/12/2004 23:10

"Market Target for 2004: S&P 500: 1300 Dow Jones Industrial Average: 11700".

Currently: 1209 and 10815, and rising!

[philmiboots] 07/6/2004 20:37

err...it's tomorrow maestro!

[maestro.] 07/6/2004 20:18

could be something to do with venus/sun eclipse on wednesday...in astrology it is a very good omen

[philmiboots] 07/6/2004 19:58

Looks like we're off again.

[philmiboots] 26/4/2004 18:55

Game still on!!
;o)

[maestro.] 14/3/2004 09:47

i hear spread bets firms have been put on 'BULL ALERT' next week...all leave been cancelled...

[philmiboots] 14/3/2004 09:44

"I think everybody was looking for a correction in the market," said David
Briggs, head of equity trading at Federated Investors. "If you look at most bull
markets, you do usually see a few pullbacks of at least 5 percent."
"I get the impression that every pullback this year has been met with new
buyers coming in," Briggs added. "There's still plenty of money out there that
people are willing to put back into stocks."

Good session, bad week

[collection agency] 05/3/2004 00:02

If its still a bull (and it could be even on a count from pre 2000) then we still have a bear to come...

ie, on a v basic wave count (i ain't no EW'r) 2000 may be top of 3, Mar 03 bottom of wave 4. That leaves 5 up to complete. a b c to follow. As a bull count.

Bear count. 2000 was top of wave 5. A down completed in Mar 03, now in b up. Large c wave to come.

Both counts say that this is the last leg up before a large move down either a bull count a after 5 complete or a bear count c wave down on b complete.

I expect EW'rs to tear this apart, as they should.

[philmiboots] 04/3/2004 22:16

Strategist says bull will continue

[philmiboots] 17/2/2004 23:44

Still on track!

[philmiboots] 26/1/2004 21:28

'Evenin all.
Looks like the S&P 1300 and Dow 11700 predictions could be reached after all.

[philmiboots] 21/1/2004 22:24

Latest Sornette chart 16th January 2004:-


Fig. 3 shows the new predictions of the future of the US S&P 500 index using
all the data from Aug. 9, 2000 to Jan. 16, 2004, illustrated by (continuous and
dashed) black lines. Again, the continuous line is the fit and its extrapolation
using the super-exponential power-law log-periodic function derived from the
first order Landau expansion of the logarithm of the price, while the dashed
line is the fit and its extrapolation by including in the function a second
log-periodic harmonic. We also present the two previous fits (red lines)
performed on Aug. 24, 2002 (shown in Fig. 2) for comparison. The blue dots show
the daily price evolution from Aug. 9, 2000 to Jan. 16, 2004. The large
(respectively small) ticks in the abscissa correspond to January 1st
(respectively to the first day of each quarter) of each year.
CONCLUDING REMARKS:
In our previous upage of December 16, 2003, we have defined two probabilities
extracted from our paper entitled Testing the
Stability of the 2000-2003 US Stock Market Antibubble available on this
website: P1 is the probability that the fit confirms the continuation of the antibubble and P2 is the probability to the fit could incorrectly classify the
present regime of the stock market as an antibubble. We calculated their values
for seven different future scenarios [*] until Mid-February 2004, as shown in
Table 2. Although there are still one months to go, it is now
probable that the market is somewhere between scenario (i) and (ii). If
confirmed, all the above updated predictions will turn out to be wrong. We
should be able to confirm or deny this definitively in Feb. 2004. Fig. 7 adds
another twist to the problem as a possible bubble within the antibubble may be
growing.
[*]
(i) a random walk taking the S&P 500 to the value 1200;
(ii) a random walk taking the S&P 500 to 1100;
(iii) a random walk taking the S&P 500 to 1000;
(iv) a random walk taking the S&P 500 to 900;
(v) a random walk taking the S&P 500 to 800;
(vi) a continuation of the antibubble with noise obtained by a GARCH process as
described above;
(vii) a continuation of the antibubble with noise obtained by drawing at random
the residuals over six previous months.

[philmiboots] 11/1/2004 14:49

This is a typical sell-off market that reverses to rally. Notice (A) The Barometer-plot (yellow) turns up and begins to advance, then the Pos (green) turns up, and finally, the Neg (red) turns up, and all three plot-lines begin advancing from the Barometer base line. A market that is positive and has the ability to rally will have this yellow, green, and red advancing configuration (B). The Barometer-plot (yellow) will most always stay above the Pos (green) line. During minor pullbacks, the Barometer-plot (yellow) can recede to the Pos (green) but will "climb the back" of the Pos (green) plot. When a rallying market begins to lose its power to advance, the Barometer-plot (yellow) will recede and normally penetrate both the Pos (green) and Neg (red) plotlines (C).
Normally*, there is advance warning that a market is, or will, begin to lose its
power to advance. The way the Barometer indicates this warning is by plotting
"out of trend". Out of trend means that a noticeable difference in the attitude of the market environment. Notice the angular black bar (below the B pointer) that underscores the advancing Barometer-plot-line. Now notice the second angular black bar (up slightly and to the right) that has a steeper angle. Normally* before a market ends an advancing rally, there is an upturn in momentum buying, this is identified by the Barometer-plot advancing at a steeper rate. This warning occurred about 5 to 10 trade days ahead of the market going into the June 2003 pullback/consolidation (sideways movement of the market).

*Normally excludes all geopolitical events that can change market attitude.

[philmiboots] 08/1/2004 13:24

Where is everyone?
LOL !

[blackbear] 31/12/2003 19:02

Those Target's are way too optimistic , DOW DEC 2004 , will be well below 10,000.

[taximania] 30/10/2001 00:44

Yeh , glaxco will be ok , bit rich for me though BP !

[mezza] 30/10/2001 00:43

Any veiws on the Dow when it opens?
Still got a small Dec short at 9333.

[teko] 30/10/2001 00:43

not at moment.........report carried in Arab land..........still on phone at moment..........slight disgreement at moment:)