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DJIA Positive @ Close 8/16/07
Yahoo Biz ^
| August 16, 2007
| Staff
Posted on 08/16/2007 1:00:37 PM PDT by abb
TOPICS: Business/Economy; News/Current Events
KEYWORDS: djia; market; stocks
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To: xcamel
Believe this if you want, but I had pulled up the Schwab page 15 minutes before the close and almost pulled the trigger. But I didn’t. I think the lows will prolly be tested again soon.
41
posted on
08/16/2007 1:15:54 PM PDT
by
abb
(The Dinosaur Media: A One-Way Medium in a Two-Way World)
To: MichaelP; abb
As close to a hammer as you can get.
Good news, however, it will take a week or so to confirm the bottom.
42
posted on
08/16/2007 1:16:42 PM PDT
by
melancholy
(Quiz: name one country, other than the USA, that doesn't control its borders.)
To: abb
This has been a strange selloff. What you’d call the climax volume day happened quite awhile back. Then we retraced 50% with fairly decent accumulation, sold off again and eventually made a triple bottom, then just poked thru that on relatively low volume. It looked more like a lack of buying than selling.
43
posted on
08/16/2007 1:17:19 PM PDT
by
Free Vulcan
(Fight the illegal Mexican colonizers & imperialist conquistadors! Long live the resistance!)
To: Snardius
I just don’t look at my 401K when the market is down. It’s not going to change anything checking the balance.
44
posted on
08/16/2007 1:17:51 PM PDT
by
listenhillary
(millions crippled by the war on poverty....but we won't pull out)
To: gridlock
People were buying even as the price was rising. Is that like saying, "the market went up because there was more buying than selling."?
45
posted on
08/16/2007 1:18:40 PM PDT
by
Snardius
To: All
Insana pontificating now on CNBC. He’s so full chit.
46
posted on
08/16/2007 1:18:59 PM PDT
by
abb
(The Dinosaur Media: A One-Way Medium in a Two-Way World)
To: abb
47
posted on
08/16/2007 1:19:35 PM PDT
by
abb
(The Dinosaur Media: A One-Way Medium in a Two-Way World)
To: Snardius
It’s like saying that people were willing to continue buying even at the higher price. Rising prices and rising volume at the end of the day indicated pent-up demand. Tomorrow should be a good day.
48
posted on
08/16/2007 1:20:13 PM PDT
by
gridlock
(ELIMINATE PERVERSE INCENTIVES)
To: abb
Maybe he lost his a$$ in the financials’ short squeeze, especially if he shorted late. LOL
49
posted on
08/16/2007 1:21:02 PM PDT
by
melancholy
(Quiz: name one country, other than the USA, that doesn't control its borders.)
To: gridlock
I was just funnin’ you...:)
50
posted on
08/16/2007 1:21:33 PM PDT
by
Snardius
To: melancholy
Nah. He’s just another Drive-By Media type who works for NBC and is therefore anti-business and suffers from BDS.
51
posted on
08/16/2007 1:23:08 PM PDT
by
abb
(The Dinosaur Media: A One-Way Medium in a Two-Way World)
To: melancholy
Maybe he lost his a$$ in the financials short squeeze, especially if he shorted late. LOL Ron Insana = Thin skin stretched over large ego.
52
posted on
08/16/2007 1:23:13 PM PDT
by
Snardius
To: abb
Yep! The Chairman MUST CUT rates tomarrow, if not sooner.
53
posted on
08/16/2007 1:23:40 PM PDT
by
BlabItGrabIt
(Sly, Shy, and Wry)
To: AU72
Markets reacting to Jenna Bushs engagement.My thoughts exactly. A poitive outlook for the future from the White House no less. Lol
54
posted on
08/16/2007 1:23:46 PM PDT
by
w1andsodidwe
(Jimmy Carter allowed radical Islam to get a foothold in Iran.)
To: abb
Doesn’t he have his “own firm” and still a CNBC contributor?
55
posted on
08/16/2007 1:26:01 PM PDT
by
melancholy
(Quiz: name one country, other than the USA, that doesn't control its borders.)
To: BlabItGrabIt
The Chairman MUST CUT rates tomarrow, if not sooner. He's already let the market do it for him.
56
posted on
08/16/2007 1:26:27 PM PDT
by
Snardius
To: rightwingintelligentsia
How come CNNs business page is still showing the Dow down 300+ points? Wishful thinking in their part?
57
posted on
08/16/2007 1:26:29 PM PDT
by
Non-Sequitur
(Save Fredericksburg. Support CVBT.)
To: melancholy
I think Insana is just another CNBC newsguy...
58
posted on
08/16/2007 1:28:37 PM PDT
by
Snardius
To: Red Badger
We can call this the Dead Rat Bounce.............. Courtesy of the PPT...
59
posted on
08/16/2007 1:28:56 PM PDT
by
ExSES
(the "bottom-line")
To: Snardius
Ron Insana = Thin skin stretched over large ego. He's always jabbing Larry Kudlow, based on politics more than market fundamentals.
60
posted on
08/16/2007 1:29:37 PM PDT
by
melancholy
(Quiz: name one country, other than the USA, that doesn't control its borders.)
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