Pigeon Drop Posted May 3, 2003 Report Share Posted May 3, 2003 Should be an interesting Bob Hans Hans Hans Hans Brinker radio show this week. "Supreme congratulations to all those who followed our advice and put their stock market capital to work at SPY 80 on 3/11 after being in cash for two years. You deserve all the credit for the massive gains you are sitting on. Remember we are in a cyclical bull within a secular bear, and believe this will carry for 2 to 3 years with gains well over 25% for you. Of course in only about 6 weeks we have already received about 17% gains which underscores the point that you can't afford to be out of this market for even one minute now! For those poor unfortunates who missed the call to get in, our advice is to not chase it or jump in at these levels. Instead a prudent strategy of dollar cost averaging could provide a method of placing capital to work from here." Link to comment Share on other sites More sharing options...
Guest Posted May 3, 2003 Report Share Posted May 3, 2003 Here's a brainteaser: Should this 7 month daily chart be donged, shorted or left alone? Why? Looks like a wedge to me which is converging towards the end with the Money Flow decreasing, STO rolling over and the MACD decreasing. Looks like the bottom trend line is on the 50 dma. I would look for a break of the bottom trend line, see what the STO, CMF and MACD looked like at the time. I didn't see the ROC on there, but it should be accelerating downwards. If all of those conditions were true, I would short it with the 50 dma as a stop. Then I would watch carefully what happened when it reached the 20 dma. If it repelled on higher volume, I would cover and see what happened when it tested the trendline it just broke. Link to comment Share on other sites More sharing options...
Stutz Posted May 3, 2003 Report Share Posted May 3, 2003 Just heard Jim Grant on The Nightly Business Report. Jim is still bearish. He was down right gloomy. Thank you God. I needed something to hang on to. I will post a link to the interview transcript tomorrow. If Grant EVER gets exurb'rent...it's an alien. Not that hugging isn't okay. Okay? OKOKOK. Link to comment Share on other sites More sharing options...
GTNWORSE Posted May 3, 2003 Report Share Posted May 3, 2003 Hey Guys, For some of you more "seasoned" guys here's a line from a great old song that even End will appreciate, "I just dropped in to see what condition my condition was in" Check this out if your worried about alot more pain : http://trending123.com/stocks/chart_of_nasdaq5.htm I have never been so anxious to get short in all of my trading life. I just keep repeating patience, patience, patience......but the time is just about now!!! Be Well Link to comment Share on other sites More sharing options...
Madame Wrecked Him Posted May 3, 2003 Report Share Posted May 3, 2003 Well here it is, the mystery chart. It's the spx, ending on August 31, 2000. I've extended the period by a month to show what happened next. MWH Link to comment Share on other sites More sharing options...
Guest AssMaster Posted May 3, 2003 Report Share Posted May 3, 2003 It's soo simple really...buy the lower trendline...sell the upper one. Link to comment Share on other sites More sharing options...
Stoolander Posted May 3, 2003 Report Share Posted May 3, 2003 Do yourselves a big favor this weekend... Relax, and DO NOT, I repeat, DO NOT read the business section of newspaper or watch any business/finance/money shows :wink2: Isolate yourselves from the idiots. Jesse Livermore did at critical times like these. This is critical juncture, don't blow it. Good night! For a change I found Wall Street Week with George "Louis R" Washington to be mildly interesting. Rather that the typical shrieking sell side types, he actually had three technical anal cysts. Believe it or not, I actually heard the odd bearish word slip out here and therre. I captured the audio and will email to Doc, hopefully he will post. Link to comment Share on other sites More sharing options...
roidrage Posted May 3, 2003 Report Share Posted May 3, 2003 Mousey! - I hope your recovery continues apace. I guess my point was that I can see the case for a bullish crowd psychology and the case for a bearish crowd psychology. I'm cautious now, feeling my way along, after closing or lightening my positions. rr Link to comment Share on other sites More sharing options...
Stutz Posted May 3, 2003 Report Share Posted May 3, 2003 Garcon, Mr. Butterfield and I will have more Gordon's gin and turn up the Mose. "I don't want much in this life, it's the simple things I treasure. Until I die, I will survive on fame, riches, and sensual pleasure." Link to comment Share on other sites More sharing options...
realist Posted May 3, 2003 Report Share Posted May 3, 2003 Link to comment Share on other sites More sharing options...
Guest AssMaster Posted May 3, 2003 Report Share Posted May 3, 2003 Do yourselves a big favor this weekend... Relax, and DO NOT, I repeat, DO NOT read the business section of newspaper or watch any business/finance/money shows ?:wink2: Isolate yourselves from the idiots. ?Jesse Livermore did at critical times like these. ?This is critical juncture, don't blow it. Good night! For a change I found Wall Street Week with George "Louis R" Washington to be mildly interesting. Rather that the typical shrieking sell side types, he actually had three technical anal cysts. Believe it or not, I actually heard the odd bearish word slip out here and therre. I captured the audio and will email to Doc, hopefully he will post. And did you notice at least two out of three were bullish on gold? Link to comment Share on other sites More sharing options...
roidrage Posted May 3, 2003 Report Share Posted May 3, 2003 seamus - tanks for the bond analysis. dem bonds been bery bery good to me. DHF had a crapout last week, which it is slowly recovering from anyway. good luck with the interviews. rr Link to comment Share on other sites More sharing options...
The End Posted May 3, 2003 Report Share Posted May 3, 2003 A little study. Go to bigcharts and draw trend lines on both Log and arithmetic charts across the highs. Tell me or your self what you see. Go back four years and just connect the highs on daily weekly and monthly charts. Link to comment Share on other sites More sharing options...
Gamma Posted May 3, 2003 Report Share Posted May 3, 2003 Is there a Doctor in the House... I'll need to have my a$$ sutured up after Greenspan's FOMC meeting. I sold my Calls mid-day and am sitting on only Puts (except I'm strong Long on PM's) expiring in May. Hell, I'm so smart I sold SUNW yesterday ? ? Welcome to MENSA! I sold too! However, I bought NEM June 30 calls at .25 and sold them at .50 for as much coin as I would have made in SUNW. And held WMB and DYN which were up nicely. This is not to say I have not made my share of bad trades...just that some are not so bad. Miners are holding up fairly well too. A mixed bag. I'm the turd genious who sold Uh....I sold DYN ay 3.69...need I say anything more? Well I sold CPN at 4.05! Hah! Oh wait, even better - I had a BUTTLOAD of Harmony and Drooy on Sept. 2000. I mean like 50% of my portfolio. It dropped 20% so I got stopped out...at THE ALLTIME LOW! Gack! Edit: I mean, the EXACT low! Can you imagine the gains from there? I can...no I'm not bitter...well, not much...hell yes I'm bitter! I sold SUNW at 3.54 and made a loss. I bought DYN at 0.67 and sold at 4.5 and still holding MIR. Link to comment Share on other sites More sharing options...
Stoolander Posted May 3, 2003 Report Share Posted May 3, 2003 Do yourselves a big favor this weekend... Relax, and DO NOT, I repeat, DO NOT read the business section of newspaper or watch any business/finance/money shows ?:wink2: Isolate yourselves from the idiots. ?Jesse Livermore did at critical times like these. ?This is critical juncture, don't blow it. Good night! For a change I found Wall Street Week with George "Louis R" Washington to be mildly interesting. Rather that the typical shrieking sell side types, he actually had three technical anal cysts. Believe it or not, I actually heard the odd bearish word slip out here and therre. I captured the audio and will email to Doc, hopefully he will post. And did you notice at least two out of three were bullish on gold? Yes I did. I liked Lou's comment about "gold and the dollar going up?" to which the anal cyst said "er, no, we are bearish on the dollar". Lou then asked about stocks going up while the dollar went down and there was a fair amount of awkwardness while Lou was left to question his bullish bias on stocks. Link to comment Share on other sites More sharing options...
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