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   Strategies & Market TrendsBuy and Sell Signals, and Other Market Perspectives


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To: Honey_Bee who wrote (11883)10/28/2010 9:48:35 PM
From: GROUND ZERO™
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FOR FRIDAY, A TRADE BELOW 1171.40 WILL TRIGGER A SELL SIGNAL, A CLOSE BELOW THAT PRICE WOULD CONFIRM THAT SELL SIGNAL...

GZ

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To: Gary105 who wrote (11890)10/28/2010 10:10:09 PM
From: Honey_Bee
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One more thing to consider is that unless the lame-duck congress takes action, ALL taxes, for everyone (who pays taxes), are going up January 1, 2011.

I'm not sure how mutual fund managers will deal with that during the remainder of this year...

.

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To: Honey_Bee who wrote (11896)10/28/2010 10:29:13 PM
From: Hawk
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You need to sell in November because of the wash sale rules. Pay a lower tax this year and buy back it in January. Many funds year end also end on October 31.Will they sell after that? Many have been waiting to see what Congress was going to do. Now you can't take a chance. But this is the month investors need to sell. Will the PPT step in is the question?

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To: da_cheif™ who wrote (11894)10/29/2010 12:35:22 AM
From: Kirk ©
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yup. I agree. I heard today the world is awash in cash... State Street's global sentiment index, that I track but been too busy to post the new chart... down near March 2009 fear level... people too scared to invest other than US Bonds, CDs, etc. for most... all that cash gots to go somewhere and inflation is too much $ chasing too few goods... so when they decide it is safe to invest... look out

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To: Hawk who wrote (11897)10/29/2010 12:36:34 AM
From: Kirk ©
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no.. wash sales rules only apply for loses. The IRS is happy if you sell to pay a cap gain tax then buy the stock right back... so I've been told.

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To: Kirk © who wrote (11899)10/29/2010 2:09:36 AM
From: Hawk
   of 132363
 
But those who have gains will sell this year at lower tax rates.

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To: da_cheif™ who wrote (11894)10/29/2010 5:37:36 AM
From: Litore Lapis
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kool. too much inflation would put a brake on things though, and I fear that the fearful folks in control do want the normal folks to be on the happy side. Hope it works though.

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To: Kirk © who wrote (11899)10/29/2010 7:18:33 AM
From: robert b furman
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Hi Kirk,

I too have been told that no wash rule is only looked at during sales of equities in December that generate a loss and then to keep that loss legit you must wait 30 days into January.

With regards to the gains - if they disallowed them,then they'd be saying the gain didn't count and it could then be pushed into lower tax bracket if when capital gains applied - so it is counter productive.

Soo - if you want to take advantage of lower cap gains tax - now is a good time to sell, and buy back in late December when Joe 6 pack wakes up and creates selling pressure (and 30 day wash rule is satisfied).

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To: robert b furman who wrote (11902)10/29/2010 8:00:09 AM
From: GROUND ZERO™
   of 132363
 
So, you think we'll get that sell signal? How far down do you suspect we might go? TIA

GZ

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To: GROUND ZERO™ who wrote (11903)10/29/2010 8:37:34 AM
From: robert b furman
2 Recommendations   of 132363
 
I think we are near the end of the first wave of a major wave three up.

Just my guess and that is all it is.

We'll bump our heads on 1220 act weak.

That will put us into a corrective 3 waver down for most of December and beginning of Q1.

If it is ugly DIP BUYERS WILL GET SCARED OUT AS TO HOW FAR SHE DIPS OR MAYBE HOW QUICKLY IT DROPS ,BUT REALLY ALL IN A RANGE BOUND SIDEWAYS PATTERN.

IF MONEY FLOWS GET OUT OF FIXED AND INTO EQUITIES - THAT SHOULD BE WHAT HAPPENS SCARY HYPED RANGE BOUND.

This should give us a time to reload.

ALL in ALL we have a resilient economy.We need to bust the government unions and roll back the ridiculous pensions that have been manipulated by sharpies.We need to be conservative and invest in America's greatness and stop all this support of those who do not add to our greatness.We need to wake up and get real - there is no tooth fairy and your government is broke!

Retirement is a time to do something else - not boost your past 5 years of income (police and firefighters)so you sit back at home,become a drunk and die.JMHO

I've sold my 8% margin down to cash - I've done it a bit early,I'm trying to retire from day to day running my dealership and go to Wisconsin to remodel a commercial building I bought 4 years ago and need some cash to work with.

If my count is right we are in a major wave up that should take us to 1558 (spx) then an end of year 2011 corrective wave.

Could give us one more good time in 2012 and then our generation will have to be given a wake up call.Work until you die or you should have been saving and planning because your government has been stealing your money.

Older retirement ages and means testing - those that paid get zip - those that didn't pay get it all - but it is not much.

Inflation will then kill us, we'll need to be flush and getting into fixed investments that are very high in rate and will crush growth.

That's my story,I can't prove it ,but I'm sticking to it.

So we have a short term run up and maybe a bit over 1220,with a correction into 2011.

Unless the Bush tax cuts get extended we'll have an Obama tax increase and that will force a flurry of Tax selling in December.Another reason I've done my selling in October.I'd like to reload into the Christmas tax selling and have my 30 day wash rule behind me.If I have the nerve to buy into the doom and gloom.<smile>

I'll need your fearless help then!<smile>

Bob

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