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I guess you must have missed what the Treasury Market has been doing lately ( 10 year under 5% ) or what today's GDP report was.

Market continues the MELT-UP. :D

Who cares about the Dow besides the 6 o'clock news jockey? Does anyone even trade that index anymore? Look at some of the great sector moves this week! Oil drillers, integrated oil, pharma, defense, brokerage, etc. Meanwhile, the SPX is 33 points higher from last week's close at 1240.29 :)

You can't be serious, eh? Ever hear of a place called the New York Metro area? How about most of California? As far as your claim that firefighters, police, and eletricians make "on average" $40,000 . . . you are so far off that it isn't even funny! Where exactly do YOU live??? County...

Understood. But you'd be surprised how little the average guy in the Street or your soccer-mom neighbor has invested in the stockmarket. Thus, I really don't think that economic DEMAND collapsed during the Nasdaq decline. As for housing construction, I believe that it is roughly 6% of...

Be careful of the doomsday asset deflationary scenario. Such a theory has wiped-out more than one stubborn trader who got in the way . . . In otherwords, stay nimble and just TRADE!

Very true. The BIG problem with EW is that it is incredibly subjective and even an extremely experienced Elliottician often winds-up confronted with a number of alternative wave counts. May 10th did in fact end a 5th wave in the SPX. Unfortunately, this wave was truncated and never even...

Why am I not surprised that you would find credibility in someone that contributed $2 million towards attacking a Vietnam vet. My guess is that you weren't even born yet when Pickens founded Mesa. Again . . . thanks for stopping by kid. :cool:

You are even more of a MORON than I had first thought. The article that I referenced in my previous post from this week's Forbes is written by none other than the Head of Strategy and Development at Italian oil and natural gas company, ENI SpA, Mr. Leonardo Maugeri. I believe that ENI SpA...

You must be pretty new to this game, eh? Stop with all of the drama and do some actual research! If you did, you would understand that "during the last 25 years, more than 70% of exploration has taken place in the United States and Canada which are mature areas that hold only 3% of the...

Interesting . . . http://news.yahoo.com/s/ap/20060725/ap_on_go_co/signing_statements

Depends on what numerical moving averages you are using. For example, are they SIGNIFICANT to begin with? And if so, how?

I'm afraid that you have no clue when it comes to Sarcasm. :D

Because all of the lemmings continue to look at what the consumer is doing . . . when the more significant data is CAPITAL SPENDING!!! The naysayers and bears point out all of the OBVIOUS hot-buttons like oil prices, the housing market, Iran, North Korea, Oil Prices, the FED, debt levels...

Nice call Pabst! :D