Bearbones Posted May 29, 2003 Report Share Posted May 29, 2003 The bull market in energy is a result of the weaker dollar and global demand outstripping production capabilities. Check this out: http://www.financialsense.com/editorials/p...s/2003/0528.htm Link to comment Share on other sites More sharing options...
crooked_analyst Posted May 29, 2003 Report Share Posted May 29, 2003 I feel like a prisoner who's chained to a wall. Every day, the sadistic jailer comes walking down the dank corridor. I hear his lazy footsteps stop outside my cell. Keys jingle, the rusty door swings open. Another day of slow torture is soon underway for reasons that are not clear. Someday, I'm going to wake up and find I'm the jailer, and it's ol' Bully whose chained to the wall. You've created a very vivid image in my mind...great description... Link to comment Share on other sites More sharing options...
wndysrf Posted May 29, 2003 Report Share Posted May 29, 2003 Riverboat long for today: ALTH Gap up, leaving an island bottom. Yet another gap up for JCOM, SINA, SOHU, NTES. Almost a $4 gap up on HOV. Buying panic continues. Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted May 29, 2003 Report Share Posted May 29, 2003 2F I don't know how to read your charts. Could you give some explanation and which thingies on the chart are the pivots. TIA Rich What the pivots do is give you targets for moves. They are not predictive of direction. If the choice of original pivot is correct, price will move from one pivot to the next, then either pause or reverse. In a strong move price can move 2 or 3 short term pivots at a time. On the 3 min the most important pivots are the 5.625 and the 11.25 On the 15 min it's the 11.25 and 22.5 Longer term 45 and 90 When used in conjuntion with other traditional TA indicators, the pivots can give you possible places to get out of a trade. Like everything else, it is not foolproof by any means, but I have been amazed at how often price will move from pivot to pivot and often trade within 2 pivots. You also have to watch price action and be able to determine when an original pivot isn't working meaning it's time to move the original pivot. It's just another tool in the box and I just started using it about a month ago. Yesterday, on the 3 min, price ran between two pivots for most of the afternoon. Hope that helps Link to comment Share on other sites More sharing options...
Quicktrade Posted May 29, 2003 Report Share Posted May 29, 2003 Huh. I could've sworn that Uncle Buck was all set to bear bounce off the 92.5 mark. I expected a 1-2 week rally. Guess not. The Buck looks like gone from 92.40 off its lows to 93.40 and we have had a bit of a rally. Looks to me what you expected is happening. You may be being sarcastic. I have a hard time telling when people are being sarcastic or not. I have expected the same. I think because were at the end of the month we will probably push higher in the stock markets over the next few days and the first few days of June. Quicktrade Link to comment Share on other sites More sharing options...
GregFokker Posted May 29, 2003 Report Share Posted May 29, 2003 Huh. I could've sworn that Uncle Buck was all set to bear bounce off the 92.5 mark. I expected a 1-2 week rally. Guess not. Uncle Buck is 93.43. There were 4B of 28 day repos expiring today +9.25B in 7 day repos. The 5B added is standard fare each Thursday. Doc covers this all in the Anals. Link to comment Share on other sites More sharing options...
soup Posted May 29, 2003 Report Share Posted May 29, 2003 from todays WSJ "With the Nasdaq evidently on its way back toward 2000, despite Michael Dell and Steve Ballmer selling stock in their respective companies, it may be useful to catalog what fund managers learned over the past three years. That would be nothing. " Link to comment Share on other sites More sharing options...
Quicktrade Posted May 29, 2003 Report Share Posted May 29, 2003 Looks like the robots are shorting the open again. SPY sell short orders spiked to 77% of total sell orders right at 9AM. Whare are you getting that information about short orders? Is it available for free on the web? Link to comment Share on other sites More sharing options...
crooked_analyst Posted May 29, 2003 Report Share Posted May 29, 2003 from todays WSJ "With the Nasdaq evidently on its way back toward 2000, despite Michael Dell and Steve Ballmer selling stock in their respective companies, it may be useful to catalog what fund managers learned over the past three years. That would be nothing. " I bet they learned a LOT from this board! Link to comment Share on other sites More sharing options...
Bearbones Posted May 29, 2003 Report Share Posted May 29, 2003 Jeremy Grantham, one of the world's best investors, has just issued his quarterly letter. This man knows his stuff and his letter contains a wealth of information. Must reading! http://www.gmo.com/siteservercontents/mark....1051283425.pdf Link to comment Share on other sites More sharing options...
DrStool Posted May 29, 2003 Report Share Posted May 29, 2003 Anals pre-market update. Click Here Link to comment Share on other sites More sharing options...
Guest libertas Posted May 29, 2003 Report Share Posted May 29, 2003 from todays WSJ "With the Nasdaq evidently on its way back toward 2000, despite Michael Dell and Steve Ballmer selling stock in their respective companies, it may be useful to catalog what fund managers learned over the past three years. That would be nothing. " Actually fund managers have learned that their customers are so well indoctrinated with the mantra of "buy and hold" that they will continue to pay ridiculously high fees for nothing. Since fund managers get paid ridiculously high salaries out of these fees, there is no need to learn anything. Link to comment Share on other sites More sharing options...
Bearbones Posted May 29, 2003 Report Share Posted May 29, 2003 from todays WSJ "With the Nasdaq evidently on its way back toward 2000, despite Michael Dell and Steve Ballmer selling stock in their respective companies, it may be useful to catalog what fund managers learned over the past three years. That would be nothing. " Actually fund managers have learned that their customers are so well indoctrinated with the mantra of "buy and hold" that they will continue to pay ridiculously high fees for nothing. Since fund managers get paid ridiculously high salaries out of these fees, there is no need to learn anything. Mutual funds are designed to reward the managers and the brokers who sell them. As for the shareholder, well, two out of three isn't bad! Link to comment Share on other sites More sharing options...
roidrage Posted May 29, 2003 Report Share Posted May 29, 2003 from todays WSJ "With the Nasdaq evidently on its way back toward 2000, despite Michael Dell and Steve Ballmer selling stock in their respective companies, it may be useful to catalog what fund managers learned over the past three years. That would be nothing. " Yeah! Jesse Eisinger must be a closet stoolie! AFAIK, he was the first to use the term, Sir Printsalot for Greenspasm. Link to comment Share on other sites More sharing options...
crooked_analyst Posted May 29, 2003 Report Share Posted May 29, 2003 a little early for a 900+ tick, isn't it? Link to comment Share on other sites More sharing options...
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