richmtn Posted December 4, 2002 Report Share Posted December 4, 2002 Who says your vote doesn't count. Late yesterday stoolies voted for a gap down. Looks like we get it. Link to comment Share on other sites More sharing options...
simple guy Posted December 4, 2002 Report Share Posted December 4, 2002 Final post of morning, sorry y'all... 28.70 top on Q's a few days ago Gap fill to 26 ish, Now a wave 2 retracement is about 38% or a move to 26.88 (Near my 27 gap) Then a wave 3 would be 161% of Wave 1 (28.70 to 26)... that would bring us right to 24.... ta-da!!! Thats how Im playing it SHORT TERM Link to comment Share on other sites More sharing options...
Charmin Posted December 4, 2002 Report Share Posted December 4, 2002 Optimists say the late-autumn rally has created a double bottom, which is a strong base for a long uptrend. But chart reading rules say that will be confirmed only if the market breaks decisively above the August high. The chances of that happening are barely 30%, according to studies of double bottoms by Thomas N. Bulkowski, author of the Encyclopedia of Chart Patterns. If it doesn't, odds increase that the market is destined for what chart math calculates as the ultimate downside of the giant 1998-2001 head and shoulders--down 57% from where we are today. Forbes Link to comment Share on other sites More sharing options...
sweefraapp Posted December 4, 2002 Report Share Posted December 4, 2002 There's the cmap. Link to comment Share on other sites More sharing options...
Fartpolio Manager Posted December 4, 2002 Report Share Posted December 4, 2002 Sure was lonely being the only bear in town... Amazing how NYC crackheads can distort a market... I gave you guys the intelligence I gathered in Silicon Valley... that there was NOT a big expansion under way... I had no fear of the crackheads... I'm not a perma-bear, but I know bullshit when I see it... Anyway glad to have all of you back, including our illustrious Mark... If the rally went another week, would have been just me and Doc here on the IDS... Link to comment Share on other sites More sharing options...
simple guy Posted December 4, 2002 Report Share Posted December 4, 2002 Office depot.. sales below expectations NOKIA- Sales growth not as high as thought HPQ- not going to give projections for 03 AOL- We are shitting the bed Federated stores- Sales below expectations I'll just remind y'all that a few days ago I posted that q4 IT budgets were being used up for year end, lest the manager lose the budget money... that leads to seasonal strength in q4 for some techs... But will be QUICKLY reversed come January as orders again DRY up... UNEXPECTEDLY of course... heh heh Link to comment Share on other sites More sharing options...
sweefraapp Posted December 4, 2002 Report Share Posted December 4, 2002 MXIM $38.95 Link to comment Share on other sites More sharing options...
Guest Posted December 4, 2002 Report Share Posted December 4, 2002 SG, click on the "quote" button (in the upper right corner of this message) to see who I have posted a dynamic chart (instead of a snapshot of it). Regards, Vesselin Link to comment Share on other sites More sharing options...
phatbubble Posted December 4, 2002 Report Share Posted December 4, 2002 anybody else just see amy cutts from freddie mac on poo tv? she was asked to distinguish between cash-out refis that go into home improvement vs cash-out refis that buy new tvs and other consumer toys....she said that tvs were just as good, due to the 'multiplier effect' on the economy. i was flabbergasted. do people believe this sh*t? that isn't rhetorical. excepting those tv folks with the off-camera gun (or job loss) pointed at their heads....do they? really? Link to comment Share on other sites More sharing options...
simple guy Posted December 4, 2002 Report Share Posted December 4, 2002 My 26.20 gap on the Q's is coming fast and furious... probably by 1030... followed by SWUP reversal into tomorrow to 26.88 to 27... Trade accordingly IMHO.... I may cover at 1045 Rydex print, and re-enter within 24-48 hours ... if I try to be cute, not sure. Link to comment Share on other sites More sharing options...
Fartpolio Manager Posted December 4, 2002 Report Share Posted December 4, 2002 There's 911, we might get lucky and get 904 this morning... just hang in there though 877 will be here sooner than you think. Link to comment Share on other sites More sharing options...
Guest Posted December 4, 2002 Report Share Posted December 4, 2002 Doc, I seem to have missed something. Why is Night Stool in LOB instead of in a forum of its own? Regards, Vesselin Link to comment Share on other sites More sharing options...
DrStool Posted December 4, 2002 Report Share Posted December 4, 2002 Yeah, heh heh, heh heh As for wide charts, they'd be ok on other threads, but they are a bit of a pin on this one because it's so active. Link to comment Share on other sites More sharing options...
Guest Posted December 4, 2002 Report Share Posted December 4, 2002 COMPX at 1420 initial support. Might get a weak bounce attempt here... Regards, Vesselin Link to comment Share on other sites More sharing options...
simple guy Posted December 4, 2002 Report Share Posted December 4, 2002 Traders holding that 1420 NAS support line HARD... Next support is really 1380 ish... Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.