"You've got to ask yourself one question: 'Do I feel lucky?' Well, do ya punk?"

Feeling like the market is ready to tank?

Here's today's list of CARA 100 stocks trading with daily, weekly and monthly RSI7's greater than 70.

RIMM, VCP, JCP, KSS, PG and DEO.

Good luck and drive carefully ;-)

...david..

Stanley Works (SWK) passed my Bollinger filter. Cara 100, closed on 10/29 @ 47.57, volume @ 462K, RSI @ 21.03. Fundamentally this is an interesting company with a storied history..."The Stanley Works was founded in 1843 and was incorporated in 1852. The Company is a producer of tools for professional, industrial and consumer use and security products. Stanley® is a brand recognized around the world for quality and value."

Caveat...I'm waiting for that tell-all significant increase in daily volume to confirm the trend.

Which trend for SWK?? It took a DIVE today ...

Wow, look what just happened to the US$.

Re "Which trend for SWK?? It took a DIVE today ..."

You may be correct, the trading day is still young, however...
http://tinyurl.com/yarmc8

Seems pretty noisy this morning...

I guess some kind of final end of the month positioning, squaring up, unloading, last minute pumping etc...

Lets see what's left standing at the end of the day and what holds up between now and the election.

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I wanted to comment on the item posted a few days ago by (I believe it was moab?) regarding the 8.6 yr business cycle chart. (Princeton Economic Institute)

Does any one else follow this?
Wansn't the guy who came up with this model (Armstrong??) put in jail?

But in any case, his model has been an uncanny predictor of cycle peaks and troughs.

It says the peak is coming in Feb '07

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btw Oil is at a critcal level here - so should get interesting either way.

Please peruse article posted on Daily Planet stating:

"Without the gain, the economy would have grown at an annual rate of 0.9 percent, not the 1.6 percent the Commerce Department reported today. "

Equities sold off with the 1.6% number. What do you think would have happened if the correct data was released?

First IVN, then USGL broke out from basing while trailing the other miners. KRY is still basing. Is it next?

I don't know whether anyone has noticed... but a lot of these trades are becoming very very crowded...

Witness the massive short covering on oils today.
I have been covering just before the bottom of the channel is reached - that way you get to keep all your profits. Otherwise you get blown away.

If the gold trade gets crowded - we could see huge upside in the miners as everyone (including those short) catch on to G034's scenario.
And like a flock of birds everyone will jump in - as they see it as the 'next' trade.

If not - its a throwover fake out - the miners momentum peaked out last week - so I sold - to move the money into other things that were showing momentum.

But the miners seem to be getting their mojo back today.

There is also a 'mindless' markup of a lot of dead stocks occuring - ones that have traded flat all month.

I remain skeptical that a lot of these moves are end of the month moves and 'buy the 1st few days' of the month moves - but as usual I play along.

I would sure be nice to get some trends going again.

.. fyi ...some large end of the day buying in gold and energy blue chips into the close today on the TSX