HiHat Posted January 7, 2004 Report Share Posted January 7, 2004 I have been making steady money scalping SnP 500, from the SHORT side.......... Daytrading is the only way to go in this market.......I am looking for the "earnings" bullhorning..........to usher in CIT..and the beginning of TRENDING DOWN. Link to comment Share on other sites More sharing options...
Silky_Xlax Posted January 7, 2004 Report Share Posted January 7, 2004 21 dma of the equity PCR at EXTREME levels of overbought...l...severe smackdown coming soon to a theater near you....Im with Libertas, sit back and enjoy the greatest market spectacle of all time...it really is worth the price of admission TRADE SAFE Summoner, 21-DMA of Equity PCR has seen lower values than now. In fact on 23-Mar-00, it was at .36. So, todays value of .55 is still not as euphoric as then. Wait for Euphoria - with PCR going to 30's and then, maybe, there will be fireworks when Mania-II ends. When the fundies stop hedging with index puts, where P/C is consistenly over 1, then maybe its time.... - Silky Link to comment Share on other sites More sharing options...
Guest Posted January 7, 2004 Report Share Posted January 7, 2004 Research In Motion Files A Registration Statement And A Preliminary Prospectus With Respect To The Offering Of Nine Million Common Shares In The U.S. And Canada 1/7/2004 4:44:00 PM And tomorrow's screamer ICGE: http://139.142.147.218/StockChart_ImageOnl...=INX&ref_rate=0 Link to comment Share on other sites More sharing options...
Guest Posted January 7, 2004 Report Share Posted January 7, 2004 Joe Granville now on Tom O-Brien. Saying the market made an "internal" top on Dec 31. Looking for an "external" top April - June. Now thinks that we have a big reveral day and a brief correction to under 10,000. Link to comment Share on other sites More sharing options...
speculator Posted January 7, 2004 Report Share Posted January 7, 2004 you think you got it bad?check out my story this week... I have just been told I cannot work in any casino in nj for 4 years(I am a stage technician working in 6 casino's).why you ask?.....I got caught a few years ago with 7 grams of pot(40bucks worth).fortunately the charges have been dropped and i have no criminal record at all.the casino control commision(god)says they don't care if the charges were dropped.just the fact that I was charged is enough to ban me for life if they so choose. Hows that for justice!I am now guilty after being proven innocent.just being accused of a crime means I'm automatically guilty.now I have no job,a new house being completed in 3 weeks and a new car( not to mention my dog dropped dead a few weeks ago) and this was one of my better weeks lately Hanky - Move to Amsterdam, its one of the greatest cites in the world (IMO) and the Dutch are a great people. This might cheer you up a bit. Stay Blunted! http://www.elitetrader.com/vb/showthread.php?threadid=24252 Link to comment Share on other sites More sharing options...
MrHanky Posted January 7, 2004 Report Share Posted January 7, 2004 Same here..My negf says "I sick of hearing about the sm and the matrix, I liked you a lot better when you had a life"..I thought time for the next-ex girlfriend.. Hanky- That sucks..wonder how many people working at the casinos are mobbed up...I thought that was the real danger..hang in there.. they say it reflects my "bad character" I have no debt and a 805 credit score...bad character my ass. meanwhile....one of the guys I work with has 54 arrests and 9 violent felony convictions(assault,armed robbery...etc..).he is still working it the very same casino's. the world has never been fair,and it never will be.anyone got a job for a scumbag like me?.....lol Link to comment Share on other sites More sharing options...
DrStool Posted January 7, 2004 Report Share Posted January 7, 2004 Soup- Tell us in more detail what you witnessed. I have always felt that the Fed did this from time to time in conjunction with big Feed adds, and have written fictionally about what I imagined went on. I just don't think they did it this week, or lately. I continue to see short sellers as the primary drivers behind the rally. In the S&P today, 56% of all sell orders on the NYSE were short sales. That compares with a 30 day average of 51%. This is stok that has to be bought back. This is the main problem, in my opinion, not the Fed's meddling. The Fed can ignite a mania, and provide the fuel, but the institutional herd keeps it going. They have no incentive to sell, when they can simply squeeze. Link to comment Share on other sites More sharing options...
The End Posted January 7, 2004 Report Share Posted January 7, 2004 This is moving with volume. Not a reco. I repeate Not a reco. Link to comment Share on other sites More sharing options...
BarBu Posted January 7, 2004 Report Share Posted January 7, 2004 I was a little boy when Eisenhower visited my host country 1960, when the big car passed by, I waved the stars stripe flag on the roadside........ our guest came from a great nation........ Now I "realized" this great nation also has "big" and "bad" problem. I am thinking about those boom & bust in the history........ Link to comment Share on other sites More sharing options...
Short'em High Posted January 7, 2004 Report Share Posted January 7, 2004 precisely, 640's on SOX? send me whatever yer smokin... please. not now, maybe later. Scepticism is warranted, but sales are up across the board. Demand is high for uP, FLASH mem, DRAM, RF, analog, ... INTC, CYP, MXIM, LLTC, et al should have good quarters with impressive bookings. Some of the super models are going to get chased. Check out INTC and MXIM today. Watch 536, if it is broken decisively, watch out for a blowoff move. If it holds you are right. Not now, maybe later. Remember, fundies love to chase the chip company SuperModels when they look good. Well, they're back from the spa, looking fit, make-up being applied and dressing to the nines. SEH Link to comment Share on other sites More sharing options...
Guest jrmfl Posted January 7, 2004 Report Share Posted January 7, 2004 Scepticism is warranted, but sales are up across the board. Demand is high for uP, FLASH mem, DRAM, RF, analog, ... INTC, CYP, MXIM, LLTC, et al should have good quarters with impressive bookings. Some of the super models are going to get chased. Check out INTC and MXIM today. Watch 536, if it is broken decisively, watch out for a blowoff move. If it holds you are right. Not now, maybe later. Remember, fundies love to chase the chip company SuperModels when they look good. Well, they're back from the spa, looking fit, make-up being applied and dressing to the nines. SEH well, i'm looking down for semi junk, not up. way down as in back to 300s on sox. then maybe... you get to your target. skepticism would have put be out of business a long time ago. think like a criminal. Link to comment Share on other sites More sharing options...
The End Posted January 7, 2004 Report Share Posted January 7, 2004 If we break 1136 and then break 1175 on the spx. A number, I thought would not be reached again, new highs are not out of the question. I can't believe I am typing this.Regardless, ALL shorts will be covered on a move, on a closing basis, above 1136. The nazzie has already broke out so I would think it is just a matter of time. (maybe after some sort of pull back. I might have to change my name to "the begining". Link to comment Share on other sites More sharing options...
FeedFool Posted January 7, 2004 Report Share Posted January 7, 2004 Why would any one think this scam job is going to end tomorrow? Those guys have Butt paper printing machine which they every intention of using. Just watch the greatest bullshit Election erection job. After one whole year Bears are still looking for the top. Once the volume dries up it over. We are no way near it. If anyone wants to fight those crooks then one should also acquire Butt paper machine or Buy more gold. Link to comment Share on other sites More sharing options...
T_Minus Posted January 7, 2004 Report Share Posted January 7, 2004 Oh, I don't know about that Soup. Of course, the coming 'correction' will be unpleasant for a bunch of folks. Notably those who didn't pay attention or bought the BS. I fully expect to be perfectly fine, for my children to be well prepared, and to be part of the solution, whatever that may be. I am positioned to be OK as long as: - dollar falls faster than euro, loonie, aussie, and new zealand buckeroonie. - Gold does well - Silver does well The way our fiscal and monetary 'authorities' are behaving, these are lay-ups. If I miss out on some contrived BS run the SM, so be it. Longer term, well, Houston, we have a problem. The things so ugly that all avert their eyes. The unspeakable horrors of energy and Social Security. Sure, these goons can prop and jive for the moment, but there is simply no answer to these longer-term issues besides "those are the next guy's problem". At worst we will suffer a massive economic dislocation in the next few months. At best we will suffer a long slow decline into the twenty-teens complete with a vibrant fascist government. In the first case, I am prepared. In the second case, I will be living in Argentina (or some other land-rich, demographically young country) long before TSHTF. Keep the chin up old boy - if you let them get to you, they've won. He has a good point. I am sorry if you got smashed soup. But, since the Euro banks "guaranteed" dollar support at 1.35 you can probably game a Euro rocket to 1.34 safely.(I'm mostly in futures. Silver and Euros, with some safety physical) Buy March 2004 calls with 1.30 strikes or lower. Almost certainly the Japanese will complete the destruction of the Yen in that time and the troop rotation in Iraq will be a disaster. Time is very short. Take a mortgage, they'll give it to you. Buy physical silver if you must be safe. You'll at least double this year! Link to comment Share on other sites More sharing options...
bubbadropping Posted January 7, 2004 Report Share Posted January 7, 2004 greetings to all riverboaters. I am more and more convinced that inflation numberrs are being fudged and we are at arouund 7% just judging from absurd markups of junk I mainline daily. Al Green along with the little bush turd are dedicated to printing monney and all out debting. Metals should be about the only sane haven ultimately if this plays ouut but the chasinng of worthless cerrtificates can nnonetheless continue ad nauseum with no clear end in site. Magoo is all farty gas and slight of hand.The idea uultimately is to play the sectors he inflates and have a long standing port in miners and metal. Diseased,pathetic,entirely dysfunctional monetary system based on fiat capitalism and rampant disregard for the Market. best to all fleas playing the back side of the smelly Elephant,buddha a r Link to comment Share on other sites More sharing options...
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