Comments on: Dow’s First Hint of a Trend Failure?

By: wyn and diane harter

wyn and diane harter — Thu, 29 Jul 2010 20:53:03 +0000

IF WE ARE IN GOOD, GOLD/SILVER PRODUCING MINING STOCKS, WHEN THE MARKET FALLS, AND IT IS GOING TO DROP LIKE A ROCK, SHOULD WE HOLD ONTO THOSE GOOD STOCKS?

HELP OUT THERE!

WYN HARTER

&&&&&&

Seems like a foregone conclusion that mining shares will fall with the market when it finally collapses. On Thursday I posted correction targets for the HUI: a minimum 414.00, or 383.96 if any lower. RA

By: Rich

Rich — Thu, 29 Jul 2010 16:19:58 +0000

http://www.wired.com/dangerroom/2010/07/exclusive-google-cia/

By: Benjamin

Benjamin — Thu, 29 Jul 2010 15:18:38 +0000

“Plus military intrigue with the Japanese Tanker explosion in Straits of Hormuz and a contagion of oil spills?”

Hadn’t heard about that one yet, but what I did hear about one in the local news today. A pipeline leak in Michigan spilled a million gallons into the Kalamazoo river, now heading for Lake MI. Then there’s BP, of course. Then there was a pipeline leak in Alaska that started around the same time. Shortly after, there was a tanker spill somewhere at/near the Philipines, or maybe Taiwan.

Seems to me that the oil price is the cause of a lot of leaking and dumping. I mean, one would think that with all this bad news in oil, the price would have done SOMETHING by now. But no. It remains teary-eyed and depressed, like our recovery

By: Rich

Rich — Thu, 29 Jul 2010 15:16:35 +0000

Guess the simple explanation is to consider who pays their paycheck?
Thank God for independent objective blogs…

By: gary leibowitz

gary leibowitz — Thu, 29 Jul 2010 13:21:53 +0000

I think today is very critical. It looks like there will be an early morning push. I would be very interested to see if the close has any strength.

Tomorrow there is a slew of Government data that could break this log jam.

I listen to Bloomberg and am amazed how easily analysts are convinced we are experiencing a renewed rally. They quote earnings and at the same time acknowledge an economic slowdown. I guess you can say they cling to any good news even if it is backwards looking. In fact the recent 2 month data across the board suggests a dramatic reversal. Rather unusual given the fact that the “super tanker” U.S. economy usually moves in a slow predictable manner. It usually telegraphs a trend change in an orderly path. The latest data in analogous to a car putting on its breaks to avoid a crash.

By: Rich

Rich — Thu, 29 Jul 2010 05:38:39 +0000

Is it possible one Dow is intraday highs and the other INDU is closing prices?
Inclined to agree with Rick the case lies in the bear court.
With very little retail public participation, despite enormous cheerleading apologia by government monopoly media, the hedgies and proprietaries ran the markets up on cheap borrowed money and maybe beginning to see the handwriting on the wall.
Plus military intrigue with the Japanese Tanker explosion in Straits of Hormuz and a contagion of oil spills?
Today ISEE showed just 3% less Call Buyers than the mid-April market peak, a persuasive contrary sentiment indicator.
Things could get really quite interesting from here on out, particularly with a festering sun…

By: Steve V

Steve V — Thu, 29 Jul 2010 02:04:54 +0000

Ok – why does my chart (and Yahoo) have DOW 10627.19 as the June peak and 10632.51 as Tues high? Is $INDU the same?