Guest bidhitter Posted March 17, 2003 Report Share Posted March 17, 2003 Well today is day 4 of the current up cycle and if we get a higher close today then chances are we entering an up cycle since day 3 usually marks a late top for down cycles. This week should be wild with opex, fed meeting and war on horizon. I have two scenarios today: 1 for up cycle resume and 1 for down cycle start. Tough way to trade. ES buying breaks down to 828-826 area should work for a run back to 841. This should setup the up cycle with any higher close today. A move back below 826 and we test 821 onite lows which could happen. The ES must hold here to keep rally hope alive. I will be a buyer of this level with stops below 819 today. A move below here and all bets are off and the down cycle looks to loom again. I don't think I will be a seller of 841 unless it occurs on a spike on extremely o/b conditions. Do not fight a nice steady rise into this level and 853 and 867 should come later in the cycle. NQ buy breaks down to 1022. I will also be a buyer of 1010. Anything below here and something else is going on. A move back above 1040 today should bring 1057 and 1070 targets. Don't fight the tape up here. I see a 1015 to 1045 band today. Dow Bullish above 7750. Buy breaks to here and be patient below. Dow could whipsaw today. Trading between 7800 and 7900 should remain bullish with 8k and 8200 the upside targets for an up cycle move. A break below 7750 and we go back down to test 7700 expanded range trendline. Link to comment Share on other sites More sharing options...
sheet4brain Posted March 17, 2003 Report Share Posted March 17, 2003 Any of youse stoolies know what time Monday night your el presidente will announce the commencing of kick-saddam's-ass campaign? Link to comment Share on other sites More sharing options...
Guest Posted March 17, 2003 Report Share Posted March 17, 2003 Col Dash- Well, it's more nuanced than that. Very short term I agree with SG. Intermediate term, more of Oyster's view, but a lot could change over that time frame. Gotta read the whole Anals. The market is a moving picture, not a snapshot. Gotta roll with the tides. Yes Doc I know. Just making nervous small talk but safe to say that no one has a lock on where this thing is going except in LT and that's down. Link to comment Share on other sites More sharing options...
Bearman Posted March 17, 2003 Report Share Posted March 17, 2003 Men put your wetsuits on Be ready........ Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted March 17, 2003 Report Share Posted March 17, 2003 bonds and gold futures near the highs of the morning. they holding the indices up until the open? Link to comment Share on other sites More sharing options...
Guest Posted March 17, 2003 Report Share Posted March 17, 2003 IBM stepped over the cliff in pre-market. Humm Link to comment Share on other sites More sharing options...
simple guy Posted March 17, 2003 Report Share Posted March 17, 2003 Thur night SG calmly doubled down on QQQ shorts at the close Friday morning SG calmly bought KGC at 5.82, predicting 6.30 to 6.60 targets Shorting Techs, Long Gold... I must be nuts... Link to comment Share on other sites More sharing options...
SkiddMarket Posted March 17, 2003 Report Share Posted March 17, 2003 If everyone gets a stab at predicting trading today, I want a turn too. If we go up above the close Friday, we finish up or flat. If we go below the open friday, we finish down or flat. And if we finish flat, I would expect wide swings both up AND down intraday. That's just my naive interpretation of the candlestick patterns on the SPX And I got my 5 points yesterday on the overnight SPX futures. Yay. Link to comment Share on other sites More sharing options...
sweefraapp Posted March 17, 2003 Report Share Posted March 17, 2003 I entered May OEX puts at Friday's close & I'll exit this morning & watch the action. Link to comment Share on other sites More sharing options...
DrStool Posted March 17, 2003 Report Share Posted March 17, 2003 Just got off the phone with Ike. We commiserated over the embarrassment and had a good laugh. He is sending this email. Dear Listeners/Subscribers> Due to a snafu, the interview that was posted yesterday with Dr. Stool, was one of several akes that we did in preparation for the interview, INSTEAD, of the actual interview. We apologize for the unfortunate mistake. We have pulled that version off, and we will be uploading the actual interview by 8:00 AM PST MONDAY 3-17-03 > Please accept our apologies for the unfortunate event. > Sincerely > The Staff at Marketviews.tv Link to comment Share on other sites More sharing options...
Charliss Posted March 17, 2003 Report Share Posted March 17, 2003 Thur night SG calmly doubled down on QQQ shorts at the close Friday morning SG calmly bought KGC at 5.82, predicting 6.30 to 6.60 targets Shorting Techs, Long Gold... I must be nuts... As I recall, you sold KGC @6.14 with plan to re enter @ 5? Link to comment Share on other sites More sharing options...
rog Posted March 17, 2003 Report Share Posted March 17, 2003 Jimmy Jones gives the go ahead: "buy with both hands..." Good thing he didn't turn bullish last week when his target stocks were 3-10% cheaper. Link to comment Share on other sites More sharing options...
simple guy Posted March 17, 2003 Report Share Posted March 17, 2003 Charliss Correct... but 6.30 to 6.60 were targets I put out for a "trade" Bidding 6.50 in Pre Market. Still think she may hit $5 yes, but this "tradeable bounce" was easy to spot. Eventually, Gold stocks should fall hard with the waterfall of the market indices coming Cash and Shorts on the Q's are my positions, other than IFNY a small oil and gas play, small position... and BEARX as usual... Link to comment Share on other sites More sharing options...
sweefraapp Posted March 17, 2003 Report Share Posted March 17, 2003 Doc: Change the date in the anals. Link to comment Share on other sites More sharing options...
Sphinxter Posted March 17, 2003 Report Share Posted March 17, 2003 Just got off the phone with Ike. We commiserated over the embarrassment and had a good laugh. He is sending this email. Dear Listeners/Subscribers> Due to a snafu, the interview that was posted yesterday with Dr. Stool, was one of several akes that we did in preparation for the interview, INSTEAD, of the actual interview. We apologize for the unfortunate mistake. We have pulled that version off, and we will be uploading the actual interview by 8:00 AM PST MONDAY 3-17-03 > Please accept our apologies for the unfortunate event. > Sincerely > The Staff at Marketviews.tv Ummmm, I didn't want to say anything, but it did seem a little, ummm, rough. Link to comment Share on other sites More sharing options...
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