Oyster Posted April 17, 2003 Report Share Posted April 17, 2003 TODAY is easy peasy....spillover low or not...small rally...all over with by 1130...then tanks until end of day towards 870.......with small blip halfway....bye folks...you have it from me...happy hunting Link to comment Share on other sites More sharing options...
cyclist Posted April 17, 2003 Report Share Posted April 17, 2003 Hi Oy How high a bounce do you think we'll get? I'm thinking we already saw it in the overnight market Link to comment Share on other sites More sharing options...
GregFokker Posted April 17, 2003 Report Share Posted April 17, 2003 Thanks, Oy. And thanks, Blackbelt. It's been great, sharing your thoughts. And thanks, Doc, for taking time out of your much deserved vacation to lend us a hand when we needed it most. Link to comment Share on other sites More sharing options...
blackbelt Posted April 17, 2003 Report Share Posted April 17, 2003 SPX - 60m Posted this last night. Thought of reposting it again here. Link to comment Share on other sites More sharing options...
DrStool Posted April 17, 2003 Report Share Posted April 17, 2003 Good Morning again Stoolheads. 15 F, -10 C here in sunny Qc. this morning. I have updated your Suctors and Stoolwethers this morning. Starting to see two or three 6 mo. cycle ozzies topping out. This indicator usually lags. In that sense even these early indications can be seen as a confirming indication of top formation. In addition, all but one or two charts have hit upside cmaps. The Season of Denial is here. Alert stoolies will take advantage. Perhaps the most important lesson to take from the most successful traders here, is to have a solid technically based market model and do your homework, over and over, and you can trade this sucker successfully. Happy Passover and Happy Easter! Link to comment Share on other sites More sharing options...
Bearman Posted April 17, 2003 Report Share Posted April 17, 2003 Yea Tanks OY !!! U 2 BB Link to comment Share on other sites More sharing options...
DrStool Posted April 17, 2003 Report Share Posted April 17, 2003 BB- Did you know you can upload charts directly from your local drive to your post? Just use the attachment box. No need for interim upload to third party site. Link to comment Share on other sites More sharing options...
blackbelt Posted April 17, 2003 Report Share Posted April 17, 2003 For the very short term. Key reversal to the downsie (as the one we had yesterday) implies two lower lows. That means today and Monday. That doesn't mean the market can not negate the key reversal and it doesn't mean the market won't drop past Monday. It just means that based on past experience this is how I will be setting up my plan. Looking at the chart above, the timing I will be interested in, is the 0.786 @9:30. That means the first two hours of trading (after variances). On the same time sequence the next one is on 4/22 (see it next to the 0.786). If we put a high during the first two hours of trading and as long as that high holds I will be looking for a gradual drop towards 4/22 (actually Monday based on the reasons I described above). If it doesn't "play" like this, I'll re-evaluate next week. For today I'm not sure if there will be a lot of action since it's the last day of the week and options expiration. We'll see Link to comment Share on other sites More sharing options...
Oyster Posted April 17, 2003 Report Share Posted April 17, 2003 Hi Oy How high a bounce do you think we'll get? I'm thinking we already saw it in the overnight market Yep...I am short up to 88425 overnight Link to comment Share on other sites More sharing options...
blackbelt Posted April 17, 2003 Report Share Posted April 17, 2003 BB- Did you know you can upload charts directly from your local drive to your post? Just use the attachment box. No need for interim upload to third party site. No Doc, I didn't know that. My host was down last night and I wanted to put the charts up, so I had to do a search to find another host. If I need to do that again, I'll know now Link to comment Share on other sites More sharing options...
scottcardiff Posted April 17, 2003 Report Share Posted April 17, 2003 The indicator oscillator which I outlined Monday reads 3.00, down from 3.33 at yesterday's open. In the past, 2.5 area has marked tops and 8-9 area has marked bottoms. Can you perhaps post a graph with the S&P say on top and your indicator on the bottom over a reasonably long period of time. I think it would be very instructive and may provide some good discussion points in an effort to improve the indicator. I'll work on that Link to comment Share on other sites More sharing options...
DrStool Posted April 17, 2003 Report Share Posted April 17, 2003 Damn that Mario Gabelli is one huge asshole. Did you hear him spouting off about all the jobs being created..... in China. Which brings to mind one of the great stoolie quotes of all time from Stoolie Easy Al. " Greenspan's 12 rate cuts have created a lot of jobs in China." Link to comment Share on other sites More sharing options...
morass Posted April 17, 2003 Report Share Posted April 17, 2003 Yes Glad, that quote from Pile is a classic keeper. Speaks pages in a few words. Tanks to all on board. Thanks to Dock for always cracking me up, thanks to BB for his thoughtful words and fine charts, thanks to Oyster for his incredible timing and for writing so that I can understand some of what he is saying. Thanks to all. Whataplace shockenaw. Link to comment Share on other sites More sharing options...
DrStool Posted April 17, 2003 Report Share Posted April 17, 2003 Link to comment Share on other sites More sharing options...
strikerm3 Posted April 17, 2003 Report Share Posted April 17, 2003 RGLD blast off continues..... good luck today....going to Houston for boring meeting. Happy Easter everyone. Hoping for BRCM to hit 18 next week for great short entry...we shall see. Link to comment Share on other sites More sharing options...
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