wndysrf Posted August 15, 2003 Report Share Posted August 15, 2003 From Noland last weekend: "Every week in these most-unsettled financial markets is an adventure. We have been expecting volatility, but the past two weeks have been truly amazing." Oh really?? What will Noland's opening line be once we have the Kopin Tan Blackout? Where some derivatives accident suddenly causes a dislocation? When Arena Participants show up at the teller window and are unable to get a bid or an ask for their Promise Tickets? All those myriad options structures, strategies, and multilevel marketing pyramids proffered up by Kopin Tan in Barron's each weekend. What will happen when gold contract longs get a bad feeling and a hunch, and suddenly ask for physical delivery? Only to find out that their Promise Ticket comes up empty because all the COMEX gold has been leased out? And now those 100 oz. bars have been melted down, reformed into jewelry, now in the hands of millions of Arabs and Asians, peddling it out on a street bazaar for $1,200/oz.?? What about the new 52-week high in the FEED index? I wonder if Noland will have any comment on that? Reminds me of the poor slobs desperately shoveling more coal into the furnaces in the engine room of the Titanic as its taking on water. Truly no limit of propping, jamming, and FEEDing of the Paper Pyramid. Until the Kopin Tan Blackout. Just food for thought. Nothing much to report on an otherwise boring day. Link to comment Share on other sites More sharing options...
mjkst27 Posted August 15, 2003 Report Share Posted August 15, 2003 Mark, I always meant to ask, but never did. What the hell's a Kopin Tan? Link to comment Share on other sites More sharing options...
stoolbob-brownpants Posted August 15, 2003 Report Share Posted August 15, 2003 Mark, I always meant to ask, but never did. What the hell's a Kopin Tan? Kopin Tan is the name of the writer of the Options Stategies weekly feature in Barons. Link to comment Share on other sites More sharing options...
wndysrf Posted August 15, 2003 Author Report Share Posted August 15, 2003 Oh, pardon me for not explaining. Kopin Tan writes the Options column in the Wall Struck Journal and Barron's. Read about his myriad strategies each day, about how some Riverboater is selling covered calls, buying puts, and using a strangle or a collar to lock in profits. Basically, no-lose strategies are described almost daily, as millions of Arena Participants trade these Promise Tickets in huge volumes, creating a total blur of frenzied motion and action on the many options exchanges. Link to comment Share on other sites More sharing options...
machinehead Posted August 15, 2003 Report Share Posted August 15, 2003 The Dow Transports closed one point above their previous 12-month high. The DJIA closed one point short of its 12-month high. Thus a Dow Theory buy signal (simultaneous new highs in DJIA and DJTA) was missed by one point in the DJIA. And we have a divergence, a non-confirmation, at least for the weekend. Link to comment Share on other sites More sharing options...
weak hand Posted August 15, 2003 Report Share Posted August 15, 2003 I think Kopin Tan is a she. That's no excuse for anything though. Link to comment Share on other sites More sharing options...
Ned38 Posted August 15, 2003 Report Share Posted August 15, 2003 The Dow Transports closed one point above their previous 12-month high. The DJIA closed one point short of its 12-month high. Thus a Dow Theory buy signal (simultaneous new highs in DJIA and DJTA) was missed by one point in the DJIA. And we have a divergence, a non-confirmation, at least for the weekend. hmmmmmmmmmm Lotta folks ARE interperating the recent reports and data as signaling a bottom in the economy. My company is having a record year so far.........and we are in the transportation industry Link to comment Share on other sites More sharing options...
BAREister Posted August 15, 2003 Report Share Posted August 15, 2003 so near, butt yet so FUR Mr TwoScrews. itz nonconFURmation BTW. Even if it arrives as they rotate into sectors to create a Potemkin TA facade, the rot goes on under the surface. The financial engineers have lost control of the locomotive. Bondz rule, now! Betcha an era ended lASSt month! BETCHA!!! Stox mark time...having gone NOWHERE FUR two months. It's what's UNDER the surface one needs to be wary of. The realm of derivatives is almost certainly encountering some significant discomFURt after July's mASSive move. Link to comment Share on other sites More sharing options...
DrStool Posted August 15, 2003 Report Share Posted August 15, 2003 Closing Anals Intraday. Unable to open your Closing Anals Intraday? Take a subscribatory, open it and download it RIGHT NOW, along with everything else in your Anals!? Link to comment Share on other sites More sharing options...
DICK BUTTkus Posted August 15, 2003 Report Share Posted August 15, 2003 The Dow Transports closed one point above their previous 12-month high. The DJIA closed one point short of its 12-month high. Thus a Dow Theory buy signal (simultaneous new highs in DJIA and DJTA) was missed by one point in the DJIA. And we have a divergence, a non-confirmation, at least for the weekend. What does the Dow Theory have to say about market manipulation and the potential for discontinuity that might result? No need to answer, MH -- purely rhetorical. Link to comment Share on other sites More sharing options...
wndysrf Posted August 15, 2003 Author Report Share Posted August 15, 2003 5 consecutive up days on the QQQ on less than 65 million shares. Each day on lighter volume than the day before. Today's volume of 29 million was the lowest since Christmas 2002. In the last two months, we had 4 trading days over 115 million shares. All 4 days were DOWN days. So far, the picture looks way bearish to me. QQQ THEORY SELL SIGNAL. All it will take is for some house to come out and downgrade the Supermodels in the PreMarket, breaking the knees of all momo-chasers gaming an acceleration in the parabolic move off the J-Lo bottom. Link to comment Share on other sites More sharing options...
DrStool Posted August 15, 2003 Report Share Posted August 15, 2003 Bein's the Dow has already moved up 2000 points in 10 months, whether it comes or not I'd say that signal is a little late, wouldn't you? Such confirmations only confirm where we've been, and where we are, not where we're going. History is replete with lousy Dow Theory signals, from a trading standpoint. Link to comment Share on other sites More sharing options...
Guest Posted August 15, 2003 Report Share Posted August 15, 2003 Buffet Puts Califorinia Housing Bubble in the Crosshairs: This in today's WSJ: Warren Buffett strongly suggested that California's property taxes need to be higher. The financial adviser to Schwarzenegger's campaign for governor cited the impact of Proposition 13, which limits tax increases, but stopped short of saying he would urge its repeal. If you own a house in California...watch out...because you are the "wallet of last resort" As businesses flee the state, tax receipts crater, and the gears grind to a hault, the grease required to keep the machine running (albeit on life support) can only come from those holding the largest taxable assets...the overinflated and overleveraged dwellings of those unfortunate enough to be living the great American dream in the midst of this great American nightmare. You can debate this one all you want, but in the end, money is required to run the state, and the only place to go to get it is homeowners. Consider Warren Buffet as the matter of fact father figure who is explaining to his kids that you can't continue to have something for nothing...you've got to pay your bills. He's this decade's Ross Perot. Nobody's going to want to hear that the property taxes are going to have to go up to keep the state solvent, but it is the only solution. As this reality begins to sink in, property values will immediately stop appreciating. Why? Because the most enlightened home owners are going to realize that the only way not to be a bagholder in California is not to own a house. HOME FOR SALE Plunger Link to comment Share on other sites More sharing options...
wndysrf Posted August 15, 2003 Author Report Share Posted August 15, 2003 Metals shares end lower ($XAU, SIL) by Myra P. Saefong SAN FRANCISCO (CBS.MW) -- Metals and mining shares ended the session narrowly lower, with the Philadelphia Gold and Silver Index ($XAU) closing at 87.58, down 0.4 percent. The index, which climbed to a more than one-year high Thursday at 89.01, mirrored moves in December gold, which closed earlier at $364.70 an ounce, down $2.80. Among index components, shares of Apex Silver Mines (SIL) gave back 2.3 percent to close at $17.25. ...................... Note that Asian Exotica anal cyst forgot to mention BGO, up 3.7%....... Oh, XAU, not HUI..... Sorry Link to comment Share on other sites More sharing options...
fxfox Posted August 15, 2003 Report Share Posted August 15, 2003 bears, no worry, we have a new killer application: name: Barrant Wuffet first, the RE bubble in Kali will explode and then Wuffet comes and gives oil into the fire cause he raise taxes on houses, wooooahaha! Wuffet would go into history books as "Kali Killer" Link to comment Share on other sites More sharing options...
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