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DrStool

Irrational Fear- 11/27/02

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Irrational Fear(11/27/02) Talk about a false sense of security! Well, what about a false sense of fear? That's what bears felt the last couple of days as the market hung around the highs. The longer it stayed there, the more scared bears got.

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For any of those who might have missed the Intraday thread, I'd just like to take credit for having front run EACH and EVERY ONE of the scaredy-bear arguments cited by Doc in tonights Anals. Fokker managed to post his panic about the bullish descending wedge, the massive feed, the inevitability of Al Green's curare-tipped member aimed straight at Fokker and us Stoolies.

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Guest Pretzel_Logic
For any of those who might have missed the Intraday thread, I'd just like to take credit for having front run EACH and EVERY ONE of the scaredy-bear arguments cited by Doc in tonights Anals.  Fokker managed to post his panic about the bullish descending wedge, the massive feed, the inevitability of Al Green's curare-tipped member aimed straight at Fokker and us Stoolies.

 

Nice work, Fokker! :D

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Well

 

Hate to say it, but I was on the money moving from my SPY short to the QQQ short Monday at 1045am, 1486 on the NAS at the time, 28.15 on the Q's.... 200% leverage, and I aint covering.

 

Now, that said...

 

The Rydex funds I use are one of my many indicators (Im an ewaver mostly)...

 

And RYVNX fund yesterday closed about 25% below its 200day MA... last time it did that was March 11th of this year, the last major top...

 

Last time Bulls were trampling over bears by this much was March of 2000... yep.... March of 2000....

 

That in addition to my Momentum indicators turning down a few days ago (A lead indicator) was enough for me to sack up and go balls to the wall yesterday morning.

 

Now... NASDUCK is cooked, with possible one more move to 30 on the Q's.... but unlikely.... the reality is warnings are coming, and Q1 will again be SUCKING WIND.

 

Look for 1200 on the NAS by mid January, and 1327 is just around the corner well ahead of XMAS....

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Fokker's got to admit that Simple Guy's the shit. He's been mackin' those e-wavy fiber nachos like a champ, from day one. No wonder Complicated Gal's all in a tizzy!

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