longOnUranus Posted December 3, 2002 Report Share Posted December 3, 2002 As an option dude, I use days like this (quite infrequent as of late) to play the VIX long and SPX short by buying naked puts with 3-6 months expiries. Spreads and bids have been increasing, despite an SPX that has been relatively stable the past few hours. Great profits t'day so far, eh? Link to comment Share on other sites More sharing options...
PileDriver Posted December 3, 2002 Report Share Posted December 3, 2002 there it goes...buh, bye! Link to comment Share on other sites More sharing options...
richmtn Posted December 3, 2002 Report Share Posted December 3, 2002 I think gold has a few more weeks before a real advance. Be careful of a flush before the bounce. As far as the relationship of equities vs the bond. I believe the normal relationship inverted during the crash of '98. Soooo I wouldn't be looking for a reversal back to the norm in the next few weeks. It's just something to keep in the back of your head. Link to comment Share on other sites More sharing options...
Guest soup1 Posted December 3, 2002 Report Share Posted December 3, 2002 Rog: Kia is a company in Korea ( I think); anyway very low priced autos, falls in line with what you were saying re generic cigs and generic food. The consumer is tapped, and is looking for the cheapest alternative. Link to comment Share on other sites More sharing options...
Fartpolio Manager Posted December 3, 2002 Report Share Posted December 3, 2002 Well, I wonder what cheap tricks they will use to try and manufacture another rally here... the old 3 am futures jam? Gap up afterhours like they tried on TXN and the wireless group yesterday? Nothing seems to be working for these bulls... Link to comment Share on other sites More sharing options...
simple guy Posted December 3, 2002 Report Share Posted December 3, 2002 Re Tech stocks, TXN, CTXS etc... Once again I suggest you recall or read my post this morning on page 1 of intra-day stool regarding the tech stocks... ITS OVER... repeat... its over... and q1 will be back to "nobody is buying anything, we cant figure it out!!" Which is why the exec's are selling stock now and juicing the shares, because they know the q4 seasonal buying patterns are winding down... See the air pocket I posted on page 1 of morning intra-day stool on the NDX chart... it will be met... thats about 970, yesterday we closed 1120.... Link to comment Share on other sites More sharing options...
Takachi Posted December 3, 2002 Report Share Posted December 3, 2002 Ford reports 20% sales drop from year ago from Bloomberg. Car sales were down 24%. "The production cuts will lead anal cysts to lower their earnings estimates, said Deutsche Bank Securities anal cyst Rod Lache. Ford, which today reiterated that it expects to earn 40 cents a share in 2002, was expected to earn 47 cents, the average of anal cysts polled by Thomson First Call. " How does Ford "reiterate" 40 cents when the prior average was .47. Link to comment Share on other sites More sharing options...
GregFokker Posted December 3, 2002 Report Share Posted December 3, 2002 Volkswagen sales down 17% yoy in November KIA sales Up 10% yoy in November (who the hell is KIA?) Little tin can shitboxes. Link to comment Share on other sites More sharing options...
simple guy Posted December 3, 2002 Report Share Posted December 3, 2002 From interview with Steven Hochberg, of Prechter's group: So simplicity is one of the keys. Think 5?s and 3?s. The completion of a five-wave move always results in at least a three-wave countertrend move or some combination of several three-wave moves. Once a pattern is complete, that?s it, it is over. That is the point in time when a market is ready to embark on a different pattern. This pattern completed yesterday at the 1517 NAS print... which is when I shouted to the world to go short the Q's.... 1320 should be seen.... we are in wave A of an A B C downard correction right now.... any upward moves should be shorted.... Just mho Link to comment Share on other sites More sharing options...
Guest Posted December 3, 2002 Report Share Posted December 3, 2002 1:00 PM CST CBOE P/C Equity 0.72 Index 0.94 Overall 0.77 Link to comment Share on other sites More sharing options...
PileDriver Posted December 3, 2002 Report Share Posted December 3, 2002 Sizzle, burn, roast, toast, carmelize... DIE Link to comment Share on other sites More sharing options...
Takachi Posted December 3, 2002 Report Share Posted December 3, 2002 could the 5 hour have topped already? Link to comment Share on other sites More sharing options...
Guest Posted December 3, 2002 Report Share Posted December 3, 2002 OK, folks, I'm calling it a day and going home. Keep 'em down. Regards, Vesselin Link to comment Share on other sites More sharing options...
GregFokker Posted December 3, 2002 Report Share Posted December 3, 2002 Later, Dr. B! Link to comment Share on other sites More sharing options...
cyclist Posted December 3, 2002 Report Share Posted December 3, 2002 ah, the 5min macd crossover, time to put on a 2 hour short in s&p futures? Why not! Sold here! Link to comment Share on other sites More sharing options...
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