PileDriver Posted December 6, 2002 Report Share Posted December 6, 2002 FWIW: my ewave guy says expect sideways chop before minor wavelette 5 down perhaps bottoming into a minor low on fib date 12/10. That will complete larger degree wave 1 down from Dec 2 high (also the official end of the Wonder Bread rally off Oct lows). A short wave 2 rally off 12/10 low then major downdraft after that in wave 3 of 3. For all intents and purposes though the Oct 9 - Dec 2 hell rally is over and we are in the midst of the huge, long awaited wave 3 of 3 fast moving downdraft which is slowly beginning to unfold before our eyes RIGHT NOW. SLow at first but very clear by January. Devastating by March 2003. Trade it as you see fit but I'm holding what I have now and loading up more on the obligatory Santa rally. Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2002 Report Share Posted December 6, 2002 Or Samurai Delicatessen. Or the mohel in the back seat of the Lincoln. Link to comment Share on other sites More sharing options...
Takachi Posted December 6, 2002 Report Share Posted December 6, 2002 or....Save the giblets who would want the Treasury job........sorta like becoming the coach of the Cincinnati Bengals, not a career enhancing move. Link to comment Share on other sites More sharing options...
Fartpolio Manager Posted December 6, 2002 Report Share Posted December 6, 2002 Just want to remind everyone how scared the bears were about a week and a half ago... Think about how these longs are going to feel if the Bradley Model takes us to 6700.... Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2002 Report Share Posted December 6, 2002 The cycles are the master and the manipulators are the dogs. :grin: Link to comment Share on other sites More sharing options...
Rockhead Posted December 6, 2002 Report Share Posted December 6, 2002 Bass-o-matic market. Speaking of bass - a - matic. Comic relieft link......Singing Bass. Link to comment Share on other sites More sharing options...
Rockhead Posted December 6, 2002 Report Share Posted December 6, 2002 Bass-o-matic market. Speaking of bass - a - matic. Comic relief...make sure u play the whole thing. Singing Bass Link to comment Share on other sites More sharing options...
Guest Posted December 6, 2002 Report Share Posted December 6, 2002 Where is Feedfool? I love his charts. Link to comment Share on other sites More sharing options...
BAREister Posted December 6, 2002 Report Share Posted December 6, 2002 Stool, this W.A.S.P. wants to know what "mohel" means. Sounds naughty... Market looks quite defensive here. Pile - someone else agrees w HRFF re sidewaze chop FUR a while? LOL oh. Crapvision yapping in the UDDER room. Someone talking of O'Neil's scalp/head says states are in worst financial shape since the END of WWII. Gosh. HRFF thot "The BIG One" as his old man calls it from time to time, put the economy back into fairly good shape. Everyone's slowly going bust... Well, almost everyone. Bill Gates excepted, of course. Link to comment Share on other sites More sharing options...
BubbaBear Posted December 6, 2002 Report Share Posted December 6, 2002 soup, Gotta disagree with your UAL ASSessment. UAL, like U before, won't hafta do dick WRT liquidation. They'll file for Chap 11, finish screwing the common shareholders, and wait for the reorg. Meanwhile it'll be business as usual and since they'll effectively have no debt, they'll be very competitive against AMR and now be able to more effectively cave to union demands. Of course, JPM will apparently have a big pill to swallow, but since they're too big to fail, the gubmint will make sure they are always solvent, regardless of how many bad loans they make. Good thing paper is cheap... and screwing common vendors I think Auntie's got it right Link to comment Share on other sites More sharing options...
Guest soup1 Posted December 6, 2002 Report Share Posted December 6, 2002 Can they afford to have the bonds go down further? QUite a box mr statist greenspew. Link to comment Share on other sites More sharing options...
simple guy Posted December 6, 2002 Report Share Posted December 6, 2002 Shampoo, Cyclist I am largely hanging out. I covered on Wed morning on my QQQ 200% short position, at a fat profit. I see gaps potentially to fill yet on NDX at 1100 ish... so Im waiting. Meantime, I am accumulating long position in a small cap e-commerce company that is well known, for a likely January double. Mainly in cash though, the Prudent Bear fund (LT hold) and this small cap, and still a lil treasuries. Risk Management... I'll re-enter again to short the Q's either very soon, or maybe next week sometime... we shall see... Link to comment Share on other sites More sharing options...
Fartpolio Manager Posted December 6, 2002 Report Share Posted December 6, 2002 Speaking of Manipulators, how about the tone of those hucksters on Crappola V? What a week for them, Maria's orgasm on the Monday open... by Tuesday they were saying "minor pullback to be expected" ... Wednesday - We had a nice run off the October lows" - Thursday - Just a little correction, due to some weakness in retail sales... What will be the spin today??? ROFLMAO... Link to comment Share on other sites More sharing options...
Bearman Posted December 6, 2002 Report Share Posted December 6, 2002 mORN GAP FILLED Mr mk you been nice to me 3 wave gov coming unglued DEFLATION Only cure is price plunge Rule out nothing on the downside nx 6 wks Bull are going to see 3 of 3 wave Gaps to fill 841.5 803.9 s-peeeee LOB Link to comment Share on other sites More sharing options...
Guest Guest Posted December 6, 2002 Report Share Posted December 6, 2002 yesterday I mentioned my concern of the QQV moving up to a major resistance line. This morning when it touched at 46.75, I donged some QQQ. It makes a fairly easy trade. Just put the stop slightly above the resistance line. I hope fart is right and I get stopped out....... I am encouraged by the weekly charts and longer cycle cmaps... Playing short term just for protection. If anyone is interested my trading channel on qqv is 46.75 trendline res. and 35 trendline support...... It changes every day. ok let's blast through 46.75 and put the hurt on those dongs. IQ charts are down, but stops are in. another reason for stops. Who knows, power could even go out. *** net short*** Link to comment Share on other sites More sharing options...
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