Guest AssMaster Posted December 6, 2002 Report Share Posted December 6, 2002 Rockhead: You are too kind. Please don't bother on my account I'm not advanced enough in keeping my emotions out of my trading to short stocks yet. Perhaps someone could benefit from the information if you see pootential there. I was thinking several days to a week. Like I said, I am just looking at the charts and MACD. Link to comment Share on other sites More sharing options...
Slothrop Posted December 6, 2002 Report Share Posted December 6, 2002 CBJ and DROOY best percentage gainers today among the miners. DROOY still the go-to stock in this sector. Link to comment Share on other sites More sharing options...
Rockhead Posted December 6, 2002 Report Share Posted December 6, 2002 Assmaster.....Metamucil gave u a reply....see above. Covered QQQ 26.66 short at 26.44. Dont like what I see. Am a daytrader. Think we follow the sloping trendline I drew above. IMO. Should be done for the day. Watching. Link to comment Share on other sites More sharing options...
PileDriver Posted December 6, 2002 Report Share Posted December 6, 2002 Barring a 274 Dow pt. rally from here... We WON'T have 9 wks of gains in a row. Eh, eh...that's too bad (for bully). Perhaps we'll have an up day to a monster DOWN WEEK...I guess ya gotta throw em a bone once in awhile. Its all they've got now. Link to comment Share on other sites More sharing options...
simple guy Posted December 6, 2002 Report Share Posted December 6, 2002 Lets do the Simple Guy, Simple analysis math here 1517 top to 1391.... first major leg down 38% fibo naccho retracement is about 1435... we hit 1430.xx today... pretty close. Next move, should this re-tracement be completed today... would be ... ready?? 161% of the first leg (1517 less 1391 or 8.4% down) Thats 8.4% time 161= 13.5% 1431 times .865 = 1237 on the NAS 1237 on the NAS.... yes... 1237 on the NAS... I could be wrong, but thats generally how it works. I will be shorting at the close Link to comment Share on other sites More sharing options...
BusKow Posted December 6, 2002 Report Share Posted December 6, 2002 I've been tolerant as possible, but I guess it's my turn to complain today...I find the growing use of audio files, many now including screaming and profane language to be disruptive and unpleasant. whatever... omo Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2002 Report Share Posted December 6, 2002 ano- a WHOOPsaw, or WHOPsaw, is properly only associated with the brekout of a key support or resistance level, which subsequently fails, trapping all in it's wake. An example currently in progress would be this. A close below 905 would be the unusually powerful "Double WHOPsaw." Link to comment Share on other sites More sharing options...
rog Posted December 6, 2002 Report Share Posted December 6, 2002 Doc, Revolving credit increased @4.1% while non-revolving decreased @1.2% resulting in an annualized growth rate of 1% (the slowest growth in 18 months). IMO, it reflects the slowdown in durable goods consumption that seems obivious but ignored by the market. GM F, boats, RV have slowed down in recent months a trend YOBO was referencing. I don't think this was transferred to refi money. Why borrow against your house when zero percent financing is available on almost any durable good. I suspect this data (OCT) had some bearing on the FEDs recent cut. I posited a WAG that consumer credit growth would slow substantially in q402-q103 due to the overhang of 0% financing binge in q401. Those bills now come due in full or else you make 21% payments on the entire balance. IMO that is where the refi money will go. So far so good, we will know soon enough. Link to comment Share on other sites More sharing options...
Guest soup1 Posted December 6, 2002 Report Share Posted December 6, 2002 Fart: good call on the con credit numbers . Link to comment Share on other sites More sharing options...
Guest Posted December 6, 2002 Report Share Posted December 6, 2002 Sorry all, I was pulled away and missed a posting. Ano, PD answered your question and he's been relying on the intra-day P/C longer than I have. So, you got it straight from the pro. The bottom line is the Index shorts tend to be the smart money and the equity tends to be the crowd - you want play the opposite than the crowd. The meeting of the index and equity this morning generally means the market is going up since the Index puts drop (they've gone long) and the equity puts increase (they're going short). After the meeting at a P/C of 106 (play that in the lottery, all three came up as 106!), the index players starting going short while the equity folks headed back to long postions. So, the market should (is) drop again. However, the equity P/C ratio was too high to give it a firm bearish call after the 106 meeting this morning. Just trending bearish. But, I'm always learning here too. It has been interesting to see these moves. Link to comment Share on other sites More sharing options...
Fartpolio Manager Posted December 6, 2002 Report Share Posted December 6, 2002 Bus, I have a mute switch on my computer... that works... Well, well 5 down days in a row on the Dow Jokes? That's hardly a fair trade for 8 weeks of Stupidity rally.... Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2002 Report Share Posted December 6, 2002 Buskow- Those are classic clips from the movie Animal House, which I consider the greatest movie of all time. Part of the reason for this site is to make people laugh, mostly with great memories. Crudeness is part of the gig. Link to comment Share on other sites More sharing options...
anoscope Posted December 6, 2002 Report Share Posted December 6, 2002 Lets do the Simple Guy, Simple analysis math here 1517 top to 1391.... first major leg down 38% fibo naccho retracement is about 1435... we hit 1430.xx today... pretty close. Next move, should this re-tracement be completed today... would be ... ready?? 161% of the first leg (1517 less 1391 or 8.4% down) Thats 8.4% time 161= 13.5% 1431 times .865 = 1237 on the NAS 1237 on the NAS.... yes... 1237 on the NAS... I could be wrong, but thats generally how it works. I will be shorting at the close spx is currently at 38.2 retracement intraday too Link to comment Share on other sites More sharing options...
Bearman Posted December 6, 2002 Report Share Posted December 6, 2002 NOTHING LIKE AN OUTSIDE DOWN WK ON THE S-P HOW BOUT A HUGE GAP DOWN MON. MORN. BULLS WORLD TURNS TO STOOL SO MANY GAPS TO FILL BELOW AND NO BUYERS Link to comment Share on other sites More sharing options...
PileDriver Posted December 6, 2002 Report Share Posted December 6, 2002 Sweef, VV is amazing at picking out turds to short. Once this PIG really starts heating up (now that we've turned the corner) its going to be a shorting bonanza (not that it isn't now) like it was back last Winter/Spring. I'm waiting until then (~early Jan) for the list to expand even more before acting on shorts b/c it's much easier since at that point in the cycle practically everything it picks turns to gold. It becomes a no brainer at that point. Right now its still a little tricky. Link to comment Share on other sites More sharing options...
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