simple guy Posted December 11, 2002 Report Share Posted December 11, 2002 A few replies: Jorma: Re pension funding of stock of company Yes, there are limits in place, and IBM is under the limit. That said, its a clear sign of non-recognition by the public of a shift in the economic landscape, and of non-recognition that its a secular bear market. The fact that many corporations are talking about funding their pensions with their own stock is absolutely amazing, friggin unbelievable. Makes me more secure in my negative outlook for sure... these things dont happen at bottoms. FxFox- Agree that 975-985 NDX gap must be filled, but so must 1065 I think too... so Im in cash now cuz I cant get a read on which one fills first... heh heh Thats all for now... trade safe... Link to comment Share on other sites More sharing options...
simple guy Posted December 11, 2002 Report Share Posted December 11, 2002 My first post this morning I said, "watch out for a finger formation today" Uh-huh.... Link to comment Share on other sites More sharing options...
Guest Posted December 11, 2002 Report Share Posted December 11, 2002 Could someone explain the "finger formation". Thanks, Ormsby Link to comment Share on other sites More sharing options...
Guest Posted December 11, 2002 Report Share Posted December 11, 2002 The charts below were drawn immediately thereafter, before a minor selloff ensued in the futures, the SPY's and Q's. These charts may already be moot, but Doc will wait to see the futures action in the AM before updating. If ?the after-market downtick holds, it may be necessary to flatten the blue and red channels. The outlook for today is even murkier than usual. Doc, Are those channels flattening? Link to comment Share on other sites More sharing options...
fxfox Posted December 11, 2002 Report Share Posted December 11, 2002 SG, think your strategy is good, waiting for the 1065 gap to get filled, they wont let 2 gaps unfilled before the downmove. Link to comment Share on other sites More sharing options...
Bird D Durr Posted December 11, 2002 Report Share Posted December 11, 2002 My first post this morning I said, "watch out for a finger formation today" Uh-huh.... SG Keeping my trigger on the finger....................... Link to comment Share on other sites More sharing options...
Bearman Posted December 11, 2002 Report Share Posted December 11, 2002 This buy the dip stuff has about run its course READ THIS Since October 1998, not once have there been three consecutive weeks with a plurality of bears over bulls according to Investors Intelligence (30 Church St., PO Box 2046, New Rochelle, NY 10801 THINGS ARE GNNA CHANGE Link to comment Share on other sites More sharing options...
Fartpolio Manager Posted December 11, 2002 Report Share Posted December 11, 2002 My first post this morning I said, "watch out for a finger formation today" Uh-huh.... Yep, now when you see them reaching for the latex glove, guess where they intend to put that finger??? Link to comment Share on other sites More sharing options...
seamus Posted December 11, 2002 Report Share Posted December 11, 2002 Fed adds $4.5b in o/n repos Link to comment Share on other sites More sharing options...
Bearman Posted December 11, 2002 Report Share Posted December 11, 2002 DUMP THE S-peeeeeeeeeeeeeeeee Link to comment Share on other sites More sharing options...
Rockhead Posted December 11, 2002 Report Share Posted December 11, 2002 Could someone explain the "finger formation".Thanks, Ormsby Ormsby 1. Make a fist. 2. Hold closed fist out in front of you. 3. Extend middle finger. Basically, a big spike. That's the finger formation and can resemble the stock market chart pattern. Sometime Doc talks about knuckles.....which would equate to your closed fingers next to the extended middle finger. Link to comment Share on other sites More sharing options...
Guest Posted December 11, 2002 Report Share Posted December 11, 2002 9:00 AM CST CBOE Put/Call Equity 0.89 Index 1.16 Overall 0.92 Link to comment Share on other sites More sharing options...
Bearman Posted December 11, 2002 Report Share Posted December 11, 2002 Gaps on s-peeeee 841.50 803.94 THIS IS A BEAR MK WE JUST CAME OFF A 8 WK RALLY Link to comment Share on other sites More sharing options...
GregFokker Posted December 11, 2002 Report Share Posted December 11, 2002 Net drain of 3.75B on the FEED. Link to comment Share on other sites More sharing options...
DrStool Posted December 11, 2002 Report Share Posted December 11, 2002 It went a little lower than the map, and toolk a little longer, but I'll stick with that 9:15 update. Probable 1 day cycle low here. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.