DrStool Posted November 29, 2002 Report Share Posted November 29, 2002 That's a fit with the qay I see the completion of this 10-13 week cycle and the next one. Down into January. Up then down to new lows March-April. Link to comment Share on other sites More sharing options...
PileDriver Posted November 29, 2002 Report Share Posted November 29, 2002 SG, tanks. That answers my nagging question. I'll wait til the technical cracks are evident under assumption that they will appear during the first wave down (#1 during Dec) confirming the rally over and top in place. I'll short this mother on the wave #2 bounce (Christmas rally?) with glee! Besides, my VV shorting strategy list has been shrinking day by day since Oct 9 so it makes sense to wait until it starts expanding again. It speaks for itself, why fight it. Still tempted to do a bear fund next week though. The picture is becoming clearer - finally! Link to comment Share on other sites More sharing options...
Yoshaviah Posted November 29, 2002 Report Share Posted November 29, 2002 UAL not having a good day. Link to comment Share on other sites More sharing options...
Fartpolio Manager Posted November 29, 2002 Report Share Posted November 29, 2002 Re: INTC - this recent move in the stock along with ATML and AMD can be attributed to Intel's intention to raise memory prices in January on Flash Memory... The problem with getting bullish on that note, is that unlike Microprocessors, Intel holds no protected Intellectual Property, there's a ton of other vendors who will go along for a short ride on this price increase, but look for cannabalism by the end of Q1... Takes the anal cysts a little while to figure it out, since most of them are still teething, but the old boys, Like Jonathan Joseph, already smell a rat... Link to comment Share on other sites More sharing options...
Yoshaviah Posted November 29, 2002 Report Share Posted November 29, 2002 I asked myself if this run in the SMs is not the precursor to a lower dollar. I haven't answered myself yet. Link to comment Share on other sites More sharing options...
DrStool Posted November 29, 2002 Report Share Posted November 29, 2002 I have never promised... Link to comment Share on other sites More sharing options...
Yoshaviah Posted November 29, 2002 Report Share Posted November 29, 2002 OK Doc, where do you get the Churchhill quotes? Link to comment Share on other sites More sharing options...
Stutz Posted November 29, 2002 Report Share Posted November 29, 2002 Maggot mouth munches long QQQs as a hedge. Even after a thurough pommeling short, I hate being long, but I hate getting whacked again worse. Link to comment Share on other sites More sharing options...
Yoshaviah Posted November 29, 2002 Report Share Posted November 29, 2002 Chicago, Nov. 29 (Bloomberg) -- United Airlines may not reach a new agreement with its mechanics in time to avoid bankruptcy after previous concessions were voted down, anal cysts said. Link to comment Share on other sites More sharing options...
PileDriver Posted November 29, 2002 Report Share Posted November 29, 2002 One thing I remember vividly a few issues back is that Prechter said that a prerequisite before the massive wave 3 selloff is that everyone has to be on board and FULLY comitted to equities. Aureleus, it appears we are witnessing that right now. Many sentiment measures say so. He also said that if we rally back to the H&S neckline like we are doing now (and he expected) it would provide an excellent opportunity to go heavily short. Well, here we are now or soon. Link to comment Share on other sites More sharing options...
simple guy Posted November 29, 2002 Report Share Posted November 29, 2002 A few facts of a bear market 1. Even in nasty bear markets, 20% of stocks are moving up at any time. 2. A different sector always leads each decade. 3. 70's , consumer, oil stocks; 80's Drug stocks, 90's tech stocks, 00'???? I think energy alternative and biotech stocks, natural resource, gold stocks. New bull markets in certain sectors usually begin during secular and or ST bear markets... while everyone is snoozing. An interesting chart... glean from it what you will... but generally... always own the LEADER in the sector... not the laggard... Link to comment Share on other sites More sharing options...
sweefraapp Posted November 29, 2002 Report Share Posted November 29, 2002 beyond the ken Link to comment Share on other sites More sharing options...
GregFokker Posted November 29, 2002 Report Share Posted November 29, 2002 Sure did prefer the QQQ below its 200 dma. Link to comment Share on other sites More sharing options...
Yoshaviah Posted November 29, 2002 Report Share Posted November 29, 2002 BEARX is worth a look at these levels. Me tinks Tice is starting to short the real estate sector now. Link to comment Share on other sites More sharing options...
simple guy Posted November 29, 2002 Report Share Posted November 29, 2002 NDX at 1130, a push to 1250 is not out of the question before topping... thats a good 10% up from here kids... just be open minded even if a bear... Link to comment Share on other sites More sharing options...
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