wndysrf Posted November 24, 2003 Report Share Posted November 24, 2003 Gotta hand it to The Matrix. Stocks in a vertical meltup. Gold in waterfall mode. 11:00AM: Supported by technically-inspired buying, the major averages are sticking near their session highs... Also contributing to the favorable bias is talk of Goldman Sachs buying December S&P 500 futures contracts... The bulk of the sectors remain in the green, with the biotech and technology sectors especially strong... Where's that golf clap??? Link to comment Share on other sites More sharing options...
Sphinxter Posted November 24, 2003 Report Share Posted November 24, 2003 I'm wondering if the "strong dolor policy" isn't going to reverse and become an actual strong dolor policy. Here's the idea, BushCo wanted it weakened as this would help exports. Turns out that didn't happen at all. No change in trade deficit so, fark it, you know? If the SM is going to rally on the basis of a strengthening dolor, well then, why not strengthen the bad boy? Link to comment Share on other sites More sharing options...
BigWave Posted November 24, 2003 Report Share Posted November 24, 2003 Soup's starting the TE routine.. Link to comment Share on other sites More sharing options...
slinger Posted November 24, 2003 Report Share Posted November 24, 2003 I'm unloading my longs and am looking to load up on QQQXI puts at 1.05. Link to comment Share on other sites More sharing options...
fxfox Posted November 24, 2003 Report Share Posted November 24, 2003 9744 is 50% fibo of 9903-9585. At 9782 there is 61.8 fibo. Link to comment Share on other sites More sharing options...
roidrage Posted November 24, 2003 Report Share Posted November 24, 2003 FARO was mentioned in Barron's this weekend as a holding of the small crap fund, Hummingbird. It was bullhorned here at least a week ago! i don't know if that's good or bad. Good if Doc gets a commission! Link to comment Share on other sites More sharing options...
Bearman Posted November 24, 2003 Report Share Posted November 24, 2003 A very deep concern rolls over Bearman. The concern is about what it will take to bring the Mk back to historical values. I feel a deep blackness upon me Link to comment Share on other sites More sharing options...
The brown one Posted November 24, 2003 Report Share Posted November 24, 2003 Sphinxter: Gold vs euro over the last 12 months.Basically gone nowhere.But when it breaks ?350/ounce then you know that fiat is deceased. Link to comment Share on other sites More sharing options...
Guest Posted November 24, 2003 Report Share Posted November 24, 2003 Easy Soup. One of these days in the not too distant future, Gruff - if still long - will be standing crying at de beer machine while I'm down sipping cocktails at the Conrad bar on Avenue Louise :grin: :grin: In the meantime I think we are shortly headed back towards the lows. Link to comment Share on other sites More sharing options...
mjkst27 Posted November 24, 2003 Report Share Posted November 24, 2003 A very deep concern rolls over Bearman. The concern is about what it will take to bring the Mk back to historical values. I feel a deep blackness upon me Bearman is turning bullish?!?!?!?!?!? Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 24, 2003 Report Share Posted November 24, 2003 Shorted Dow 9740..let's see if the bears have what it takes this time. Link to comment Share on other sites More sharing options...
Lesser Fool Posted November 24, 2003 Report Share Posted November 24, 2003 Hussman recognizes the hazards but isn't calling an end to the spike yet. (Note the acceleration of insider selling.) Gotta be intrigued by a guy who quotes Sartre when talking about his trading philosophy: "Over the years, I've written a lot about ?daily action.? You decide on a set of actions that you believe will lead to good results if you follow them consistently. Then you follow them consistently. Unless a goal translates into daily, present action, focusing on that goal is simply a way of escaping reality. As Jean Paul Sartre wrote, ?Je ne suis rien autre que mes actes? ? I am nothing other than my actions." http://www.hussmanfunds.com/wmc/wmc031124.htm Link to comment Share on other sites More sharing options...
BeerMarket Posted November 24, 2003 Report Share Posted November 24, 2003 AMGN not invited to biowreck party: http://stockcharts.com/def/servlet/SC.web?c=AMGN,uu[w,a]daclyyay[db][pc20!c50!f][vc60][iUb14!La12,26,9]&pref=G Link to comment Share on other sites More sharing options...
GregFokker Posted November 24, 2003 Report Share Posted November 24, 2003 K-W, I see a rollover starting on YM but am worried about support at 9712 then 9700. I figure a break above 9750 could kick off a new dose of suffering for bearz. Link to comment Share on other sites More sharing options...
roidrage Posted November 24, 2003 Report Share Posted November 24, 2003 Gold vs euro over the last 12 months.Basically gone nowhere.But when it breaks ?350/ounce then you know that fiat is deceased. TBO - great chart. Link to comment Share on other sites More sharing options...
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