K Wave Rider Posted February 6, 2003 Report Share Posted February 6, 2003 Attention Stoolies, We are expecting a rough ride this AM. Please buckle up and put on your helmets. :grin: Link to comment Share on other sites More sharing options...
mksloth Posted February 6, 2003 Report Share Posted February 6, 2003 Note from Bloomberg TV of a couple hours ago - a place called the "TIS Group" has advised clients to reduce equity percentage from 80% to 30%, cash upped to 50%, marginal exposure to short term US Treasuries... Link to comment Share on other sites More sharing options...
longOnUranus Posted February 6, 2003 Report Share Posted February 6, 2003 Don't pay much attention to fucutures, I guarantee we'll come back to 840-44 sometime this morning; may put my remaining 20% cash to use then. This is a huge area formerly known as support. Link to comment Share on other sites More sharing options...
GregFokker Posted February 6, 2003 Report Share Posted February 6, 2003 2B net add. Temporary Open Market Operations: 02/06/2003 Maturity Date: 3/6/03 Delivery Date: 2/6/03 The Desk has entered the market announcing: 28 day RP Temporary Operations Statistics: Treasury Collateral Operation Agency Collateral Operation Mortgage-Backed Collateral Operation Weighted Average Rate 1.222 1.260 NA Stop Out Rate (Lowest Rate Accepted) 1.220 1.260 NA Highest Rate Submitted 1.230 1.260 1.270 Lowest Rate Submitted 1.160 1.220 1.240 Total Propostions Submitted (In $Bil.) 26.800 20.850 13.500 Total Propositions Accepted (In $Bil.) 4.885 0.115 0.000 Total Money Value of Operation (In $Bil.) 5 Link to comment Share on other sites More sharing options...
Yanevano Posted February 6, 2003 Report Share Posted February 6, 2003 Dick Arms (developer of TRIN as you may already know) is pointing out that when the 10 day ma on the TRIN gets above 1.5 as it did recently, then rallies usually happen within a few days. This goes against a mountain of evidence for no rally. And just looking at the chart, it has gotten above 1.5, headed down, then gone above the 1.5 again, (as it did last Sept.),before any rally occurs. I'm betting it will do the same this time, before any rally. Is the old man reading too much into his own indicator? http://stockcharts.com/def/servlet/SC.web?c=$TRIN,uu[l,a]dallnyay[dc][pb10!a.8][vc60]&pref=G Link to comment Share on other sites More sharing options...
seamus Posted February 6, 2003 Report Share Posted February 6, 2003 For those interested in learning more about Gann, found a pretty useful Yahoo group here: [email protected] Link to comment Share on other sites More sharing options...
Cchan Posted February 6, 2003 Report Share Posted February 6, 2003 2B net add. Temporary Open Market Operations: 02/06/2003 Maturity Date: 3/6/03 Delivery Date: 2/6/03 The Desk has entered the market announcing: 28 day RP Temporary Operations Statistics: Treasury Collateral Operation Agency Collateral Operation Mortgage-Backed Collateral Operation Weighted Average Rate 1.222 1.260 NA Stop Out Rate (Lowest Rate Accepted) 1.220 1.260 NA Highest Rate Submitted 1.230 1.260 1.270 Lowest Rate Submitted 1.160 1.220 1.240 Total Propostions Submitted (In $Bil.) 26.800 20.850 13.500 Total Propositions Accepted (In $Bil.) 4.885 0.115 0.000 Total Money Value of Operation (In $Bil.) 5 i thought we got a gigantic 16.75billion to refund today. Link to comment Share on other sites More sharing options...
longOnUranus Posted February 6, 2003 Report Share Posted February 6, 2003 TrickieDickie has predicted 10 of the last 5 rallies; the one in March absolutely blew me away though. The bulls have had several excuses to rally big and couldn't get it up; I think they'll need to get stocks cheaper before they can rally. Still, I respect the number and a small rally here COULD turn into a big one. Link to comment Share on other sites More sharing options...
GregFokker Posted February 6, 2003 Report Share Posted February 6, 2003 2B on the 28 day repos. 11.75B to go. LOL LoU! 10 of the last 5 rallies Link to comment Share on other sites More sharing options...
cyclist Posted February 6, 2003 Report Share Posted February 6, 2003 UK index rallied to only down 20 points after the cut, now off 65 currency weaker vs euro Negative real rates, go GOLD, now in wave 4 according to some. Buy the c of abc 4th wave down Link to comment Share on other sites More sharing options...
Dustbowl Posted February 6, 2003 Report Share Posted February 6, 2003 I love to watch these guys on Crapvision straining and contorting their words trying to explain why you should still buy stocks. War jitters, war jitters, if we could just get this war behind us and get Krudlows pop in the market. Hand wringing, hand wringing. Link to comment Share on other sites More sharing options...
DrStool Posted February 6, 2003 Report Share Posted February 6, 2003 On the Feed, that's not necessarily an add. Gotta wait for the refunding of the 9 day and overnight repos. Link to comment Share on other sites More sharing options...
DrStool Posted February 6, 2003 Report Share Posted February 6, 2003 Re the dickarms. Any 10 day basis indicator (4 week cycle) is signalling a buy right now. Comes back again and again to this. Can't stress it enough. The periodicity of the indicator!!!! Too short for where we are in the cycles. We stoolies know this is a swup that will be overwhelmed by the cascading down of all other cycles. Let the waterfall begin! Link to comment Share on other sites More sharing options...
Guest Posted February 6, 2003 Report Share Posted February 6, 2003 Dick Arms (developer of TRIN as you may already know) is pointing out that when the 10 day ma on the TRIN gets above 1.5 as it did recently, then rallies usually happen within a few days. This goes against a mountain of evidence for no rally. And just looking at the chart, it has gotten above 1.5, headed down, then gone above the 1.5 again, (as it did last Sept.),before any rally occurs. I'm betting it will do the same this time, before any rally. Is the old man reading too much into his own indicator? dallnyay[dc][pb10!a.8][vc60]&pref=G]http://stockcharts.com/def/servlet/SC.web?...vc60]&pref=G He is simply wrong, as explained in one of the messages in this thread in my forum. The 10-dma is a more special case. According to the "common knowledge" if this dma rises above 1.5, this is a Buy signal because it tends to precede major market bottoms. Unfortunately, my own backtesting has demonstrated that this "common knowledge" (as many other things commonly known about the market) is wrong. Very often when the 10-dma of TRIN rises that high, it indicates that the market is in a severe downtrend. In extreme cases (e.g., in October 1987) the market can fall more than 20% after this signal has occurred and before the major low is finally reached. According to my backtesting, it is much more profitable to trade this signal in a contrarian way by using the following trading system: If the 10-dma of TRIN rises above 1.45, go Short. Hold until it drops below 1.07; then reverse and go Long. Hold Long until the next Short signal comes. Regards, Vesselin Link to comment Share on other sites More sharing options...
seamus Posted February 6, 2003 Report Share Posted February 6, 2003 Further to that Dick Arms article...he identifies VZ as a short candidate. Saw Mark yesterday commenting on that and SBC Link to comment Share on other sites More sharing options...
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