Guest Posted December 2, 2002 Report Share Posted December 2, 2002 Good morning, everyone. Late last night I ran across a most interesting article in the November 10 New York Times Week in Review section about how modern technology is now able to locate things on the bottom of the sea that were previously unfindable. After talking about the discovery of the Titanic, The Bismark and Gus Grissoms Liberty Bell space capsule, the article ends by saying that: All too often, finds of human artifacts are anything but uplifting. Explorers report sightings af tires, coke cans, tennis shoes, plastic trash bags and all manner of detritus. The junk is spurring efforts to clean up shipboard life. Karen L. Von Damm, a marine geochemist at the University of New Hampshire, was exploring the deep Atlantic more than a mile down when she came upon an abandoned toilet. "It was this white thing in the distance." she recalled. "The seat was still attached and up." Now wouldn't it be interesting if on some future expedition a stock ticker tape machine of 1929 vintage was discovered on the bottom? Link to comment Share on other sites More sharing options...
DrStool Posted December 2, 2002 Report Share Posted December 2, 2002 Uncle Buck and the Golden Stool Stoolwethers Link to comment Share on other sites More sharing options...
simple guy Posted December 2, 2002 Report Share Posted December 2, 2002 SG chimes in Well, last Wed morning I covered my QQQ 200% shorts at the 1045 print, citing room for a major move up left yet. Better safe than sorry. On Friday I posted some targets QQQ- 30 SPY 955-970 Dow 9200-9300 NAS 1520-1530 Now, I have also posted that I am open minded enough and smart enough to read a chart and not FIGHT THE TAPE. The NDX could see 1200 plus easily... Q's could get to 31-32 range as well before topping. One thing is for sure, the rally is finishing up its final legs upward. The main scary index is NAS... if she is retracing from January highs then we may be looking at 1620 plus. Im out for now... and watching. Holding 3 small cap long positions, all profitable and holding Link to comment Share on other sites More sharing options...
simple guy Posted December 2, 2002 Report Share Posted December 2, 2002 The .wav files are cute, but becoming very annoying... just mho Link to comment Share on other sites More sharing options...
DrStool Posted December 2, 2002 Report Share Posted December 2, 2002 My life is passing before my eyes. Link to comment Share on other sites More sharing options...
simple guy Posted December 2, 2002 Report Share Posted December 2, 2002 A very good reminder of the problems ahead from our boy Bill Fleckenstein Fleck's take on the Bear rally One of the few brilliant anal cysts out there IMHO. In addition to the Comstock Partner boys, who write a comment nightly, and have beat the SP 500 the last 1, 3, 5 years... Minter and Weiner of Comstock Partners Funds Link to comment Share on other sites More sharing options...
simple guy Posted December 2, 2002 Report Share Posted December 2, 2002 A few simple ideas to keep you out of trouble The QQQ's topped out in January around 42. They fell to 20. A 50% retracement places them at $31. A 62% retracement at 33 ish... They are at 28.39. Just a thought lest you be salivating to jump in... they passed the 38% retracement level already... so you need to assume $31 or close, IMHO There is June congestion at 28-30, but you can see the 31-33 range as possible... Link to comment Share on other sites More sharing options...
GregFokker Posted December 2, 2002 Report Share Posted December 2, 2002 Looks like Machinehead had it exactly right. The question is how this will impact gold- it's down in USD, of course, but should rocket in other currencies. From Bumberg.com: The yen was set for its biggest drop against the dollar in 2 1/2 years after the Mainichi newspaper's Web site quoted Japanese Finance Minister Masajuro Shiokawa as saying the currency should weaken as much as 23 percent. NDX Future Credit: http://money.cnn.com S&P 500 Future Credit: http://money.cnn.com Link to comment Share on other sites More sharing options...
simple guy Posted December 2, 2002 Report Share Posted December 2, 2002 Correction: 38% retracement is 28.36.... we are at 28.39... Guess that bears watching this morning eh? Link to comment Share on other sites More sharing options...
Takachi Posted December 2, 2002 Report Share Posted December 2, 2002 All we need now is an announcement that UAL avoids bankruptcy and it will shift into hyper drive. On the other hand, if it goes the other. Link to comment Share on other sites More sharing options...
GregFokker Posted December 2, 2002 Report Share Posted December 2, 2002 Uncle Buck, of course, has strapped on boosters. Link to comment Share on other sites More sharing options...
simple guy Posted December 2, 2002 Report Share Posted December 2, 2002 This guy has 9400 DOW target before a move to 6700 by March... Decision Point DOW opinion Link to comment Share on other sites More sharing options...
DrStool Posted December 2, 2002 Report Share Posted December 2, 2002 When a sound file is embedded on a page, it plays when the page is opened. The first page of the thread tends to stick around longer because there are fewer posts early. You can shorten the page length from the default of 20 posts per page down to as few as ten, in the Borad settings section of "My Controls". I will use fewer sound effects. They get on my nerves too. (I turn the speakers off.) Link to comment Share on other sites More sharing options...
simple guy Posted December 2, 2002 Report Share Posted December 2, 2002 Thanks DOC I can only listen to the same song 23 times before my brain goes numb..., ok, 22 times... Link to comment Share on other sites More sharing options...
simple guy Posted December 2, 2002 Report Share Posted December 2, 2002 Final post of the morning Q's about to break out of a 6 day base on likely above average volume... reminds me of the days when I used to read Bill O'neil. Everyone should know I was a RAGING BULL in the 90s... and still remember how to read a chart and not fight the tape. Ignore at your peril, bearish or not... Link to comment Share on other sites More sharing options...
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