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Up And Away?


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see the java chart at bigcharts.com for spx.

 

this same 'moonshot' happened on 5/18/01 and 3/15/02 and today? a pattern of double bottom ST and testing of double top.

 

seems like a low prob to rise more, let stops protect. a simple line drawn from the closing prices 8/21/01 - 11/29/02 and still higher than today's reading shows a down trend during the last 6 months. look at the 5 year chart and note the downhill run. this former perma-bull sees 700's soon again too.

 

I tried to sell covered calls on my 401 stock today (1000 bby) but aha! they changed the rules effective jan 1 and no longer allow covered calls. bet allowing the covered calls cuts into the loaning of shares to shorts.

 

I'm still waiting for 26.80 on Q's

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So, Shrub wants to stimulate.

 

The methedrine-inebriated markets have done, in 3 days, what San Diego real estate does in one whole month!

 

This is the height of generosity and should be congratulated by all........

 

A big down wave requires the vast majority to be wrong. I remain hedged.

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Well, some here nervously went bullish, then were spooked into covering longs.

UDDERS are saying this is something they've never seen beFUR.

The NYSE cumulative A/D line is at all? time highs.

 

The market is poised for a breakout BUTT hASSn't quite made it through major resistance, yet. At least not decisively if one considers 925 some sort of line in the sand, or 925-935.

 

It's beyond that 885-915 band.

 

All these signs suggest something different is aPAW, PERHAPS. Something a bit weird.

 

Which is how the bear will end, no doubt.

 

BUTT SNOT here. SNOT now, GUESSES HRFF.

 

Again, too much, too soon. Steady buying SNOTwithstanding.

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They just said on Crapvision that the President has a much bigger package than anybody thought.

 

I guess the First Lady knew all along though.

Earlier, Martha McCulum said, " the President's package is front end loaded". I kept the Beavis/Butthead chuckle to myself.

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They just said on Crapvision that the President has a much bigger package than anybody thought.

 

I guess the First Lady  knew all along though.

ROFLMAO!

LIke I said before, Bush likes to ask for his best case and then negotiate. It will send the markets wild. - Until they realize the package is unrealistic and won't happen.

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Well from who I follow Eliades,EWI, Crosscurrents

ie A Newmen

 

This 4th year of a Bear will be a Killer of all Bulls.

 

So stands to reason mr mk will drive as many Weak Bears

out eary in the year.

 

Reason I believe mk is acting this way.

 

The downtrend will be MUCH WORSE :o

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