SevenOfEleven Posted October 6, 2003 Report Share Posted October 6, 2003 Butterfield was nice enough to send me a personal message, and conveyed to me that Oyster is calling another 20% down on the dollar, and Yen to 100.. maybe even as low as 70. Holy Carp :shocked Oy's not a number caller to ignore. If that's true, I wonder what his timeframe was? Law of physics: Elements behave differently in solid form than they do in liquid (meeeeeeeee...lll...ttttt...)... Link to comment Share on other sites More sharing options...
Charmin Posted October 6, 2003 Report Share Posted October 6, 2003 Did I miss some eruption? They let me out of Hotel NH so I could check the stool, trouble is when I go out to get a breath of fresh air it sets off the alarm at the door. They got my ankle wired. How's that Railroad track or RRT coming on POG? Dinapoli says to buy a shallow retracement after it comes back to point of recognition (the slam down point) or somewhere around 383. I want to see this unfold right before my eyes before I get placed back in the padded room. No last minute phone calls to the broker allowed - just one Coke. Link to comment Share on other sites More sharing options...
Crouching Tiger Posted October 6, 2003 Report Share Posted October 6, 2003 Did I miss some eruption? ? Yes Mount Thorass. Link to comment Share on other sites More sharing options...
SevenOfEleven Posted October 6, 2003 Report Share Posted October 6, 2003 Did I miss some eruption? Ya, I put a salve on it though Seriously - I think it's just our typical disfunctionally loving family going through another price turn. It's a cyclical thing. Once the hollering turns to boredom and depression we'll probably be ready for more upside Link to comment Share on other sites More sharing options...
Charmin Posted October 6, 2003 Report Share Posted October 6, 2003 Sorry CrouchingT if I've duplicated what you we're showing on uncle buck the last few days but it certainly is being discussed since we are sitting at a point that a reaction of the support could take us back up to 98. Matter of fact it's very critical at this stage. Probably being heavily discussed. Probably heavy on Sir Al's mind. Might be nice to see it go for 80 - that would make my week. so, we are testing daily, weekly and monthly supports at this critical stage. I expect the big operators to take it down below to test the waters and the reaction. To be bullish we have to spring down and move higher or just hold the lows or else..... 2004 is going to be glorious for goldbugs. Link to comment Share on other sites More sharing options...
Butterfield 8 Posted October 6, 2003 Report Share Posted October 6, 2003 Bont posted on LOB last week after hearing Oyster on Eurovison. It may still be up there. February, as I remember, but check the post. Oyster also called for a four year cycle inversion, but only if we don't break 1040. Link to comment Share on other sites More sharing options...
Charmin Posted October 6, 2003 Report Share Posted October 6, 2003 Let me do a ABC scenario for you on the Buck futures that were pre-determined some time ago A 120.80 B 104.12 - 16.68 C 109.75 D 1:1 target 93.07 a retrace of .382 of the C wave 99.44 target sounds about what we got and now... I hear futures guys will establish shorts at resistance of 94.20 and 95.40 with targets down to 82.76. 82.76 happens to be the 1:1 target from 99.44, so there is no mystery in all this. When we arrive I get to pat myself on the back for following Dinapoli. Link to comment Share on other sites More sharing options...
Charmin Posted October 6, 2003 Report Share Posted October 6, 2003 Oh, gold futures had a .618 projection from 319.4 to 399.1 next 1:1 target is 448.4 Link to comment Share on other sites More sharing options...
ThorAss Posted October 6, 2003 Author Report Share Posted October 6, 2003 Good Day and Welcome to the next page. Just 2 more short comments then I'm done with the discussion. 1. A question: How did I get to be the one who is anti-charts or whatever when mostly all I say is here is my charts, look what they say? 2. The opportunuity for a sudden drop has been there for several days. Why did it all happen in an instant at 12 on a Friday? My comment going into the day was apt. The market was primed for a big move. When pressed whether that would be up or down I mused that for any chance for it to be up we would have to get through friday first, Why would I be worried about a fall on friday? Experience and an opinion on how the market operates. Yes, it's all in the charts but sometimes simple charts are not always the best way to represent the data. Ask a Pee and Feffer about that. It is also important to follow the almanac. Again the info is in the charts but sometimes trickier to see than a simple explanation like: Market Crashes tend to come in October or the POG tends to experience its biggest falls on FridaY AFTERNOONS WHEN THE OTHER MARKETS ARE CLOSED. (nb: I'm not sure about that last one but so it seems to me.) 3. I totally disagree with the tenet that we are here to proselytize. We are here to exchange info, observations and analyses. Neophytes and newbies have to understand that the waters are full of sharks and everything should be double and triple checked and passed thru a BS screener. That was 3 more comments> NOBODY EXPECTS THE SPANISH INQUISITION. For myself I can only say that I was empassioned by AB's message because I've been a messenger with the same scroll on many occasions. I didn't agree with the argument I saw when you responded to him, and that is what I was responding to. I felt you were defending the argument that blaming (in the context of the argument - "trading and the 'bad guys' done me wrong") is valid. I don't believe it is - hence - I jumped in. That's all I can speak to unless it's brought to my attention that I done something to offend that I'm overlooking. -CrunchingMonkeys No, I think the debate mostly went like this. A certain dog asserted that there was no need to blame one's losses on the PPT or something like that and I ventured that I believed that forces such as these do exist and one can benefit from that knowledge. And further I didn't feel it was our place to preach our point of view but merely present the evidence and let the readers decide. So on the first part I doubt there was any real argument and the second borders on religion. I am a scientist and will remain totally so until the day I die. I believe in evidence and I believe in debate. Debate is the defense of one's arguments. It can be very mathematical so long as it remains logical. Anyway, no offense taken on this side and hopefully none all around. Link to comment Share on other sites More sharing options...
ThorAss Posted October 6, 2003 Author Report Share Posted October 6, 2003 Yes Mount Thorass. Now you know the real reathon why it'th thore. :shocked Link to comment Share on other sites More sharing options...
Charmin Posted October 6, 2003 Report Share Posted October 6, 2003 second borders on religion What religion would that be? "I believe in evidence." Me too, but I don't get to see much of it sitting in front of a chart except for price and volume, so I have to take it by faith that the market is not an auction market but one that is manipulated to benefit the insiders who know and get what they want. Link to comment Share on other sites More sharing options...
DrStool Posted October 6, 2003 Report Share Posted October 6, 2003 Stoolie Talk Show- Join Dr. Stool and Ike Iossif and listen to the the Stoolie Talk Show, posted 10/5/03! Three of your favorite stoolies, wndysrf, machinehead, and K Wave Rider join cohosts Ike and Doc on Marketviews.TV. Direct link to audio Click Here. Requires Windows Media Player 7 or higher. Click this link to see Steve's charts. Click Here Link to comment Share on other sites More sharing options...
SevenOfEleven Posted October 6, 2003 Report Share Posted October 6, 2003 No, I think the debate mostly went like this. A certain dog asserted that there was no need to blame one's losses on the PPT or something like that and I ventured that I believed that forces such as these do exist and one can benefit from that knowledge. Sounds like a defense for those who disintrospectively blame losses on outside forces. My argument was, if you can see them coming or even simply believe in them, it's a waste of energy to blame them for your losses and the time is better spent examining oneself. I do believe in outside forces and rigged markets (all the way from the CEO to the specialist), but, like anyone else; if I know that going in then it is myself and my methods of negotiating such a market that I need to examine on losses (and even gains). You don't wrestle alligators and then blame them if you get bit. You examine your wrestling techniques with alligators. Or - you get the heck out of the business of wrestling alligators. And further I didn't feel it was our place to preach our point of view but merely present the evidence and let the readers decide. I guess that depends on your definition of preaching. AB played on the word but in reality I think he was making an effort to help his fellow traders in a scientific manner: The benefit of self examination over bad_trade>blame_anything_but_thyself>repeat I believe in evidence and I believe in debate. Debate is the defense of one's arguments. It can be very mathematical so long as it remains logical. As do I - not sure why you got any other impression. Anyway, no offense taken on this side and hopefully none all around. None intended and none taken. I'm going to leave my piece with it at that. On to the races... Link to comment Share on other sites More sharing options...
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