brian4 Posted May 10, 2004 Report Share Posted May 10, 2004 Now that 1084 has fallen there is no supprt till 1050-73 so that is where we are going-Wowza! Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 10, 2004 Report Share Posted May 10, 2004 Eurodollar is not showing signs of stress today However it is just above its 200 MDA I expect it to bounce around a bit here before it gets in gear to the downside. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 10, 2004 Report Share Posted May 10, 2004 I hate to keep repeating this but the internals reflect DOW down 500 NOT 100 They continue to paint a pretty picture over what in my estimation is the worst damage I have ever seen. Many are sneaking out the back door before all hell breaks loose Who will pay? Not the ones with the fat wallets Criminal Link to comment Share on other sites More sharing options...
Guest Posted May 10, 2004 Report Share Posted May 10, 2004 SOX intraday looks just like Friday. Holding up the NDX/Naz for now. Link to comment Share on other sites More sharing options...
zensmoke Posted May 10, 2004 Report Share Posted May 10, 2004 ............................NYSE AMEX Nasdaq Issues at 52 Week High 6 2 6 Issues at 52 Week Low 570 93 134 Link to comment Share on other sites More sharing options...
Henny Penny Posted May 10, 2004 Report Share Posted May 10, 2004 10 yr Treasury not getting any safe-haven flows. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 10, 2004 Report Share Posted May 10, 2004 MTG Jun60 puts are a great longshot at .10 bid .30 offered (I wont sell you mine} One day that one is going to IMPLODE Link to comment Share on other sites More sharing options...
Guest Posted May 10, 2004 Report Share Posted May 10, 2004 by the way B4..Congrats on your convictions for no higher highs in May....I knew I was playing Russian Roulette as I had publicy stated to sell on May 6th for a 2-3 month ride...which I still did...but if I had listened to you I would have sold from alot higher in more quantity. Â Thats the Vegas in me which is why I made 35,000 pounds in July/Oct 2002 and lost more than 1/2 of it. Â Today is the last day for DOWPIG10,000 ...good ridance - Link to comment Share on other sites More sharing options...
longOnUranus Posted May 10, 2004 Report Share Posted May 10, 2004 I love these Monday morning meetings..the market always craps out while I'm having one...only good thing about today, s'far. Anyone else's business going to hell in a headbasket ? Â Lets hope this metals bounce has legs; gold was down $7 pre-market. Still flat on XAU; looks technical to me at the moment. Waiting for Sinclair to close his website before I buy more. Â Closed a few SPX puts to pay off my daughter's car loan. Haven't had a day like this in a while. Crash or bounce...feelin' lucky today, Al? Link to comment Share on other sites More sharing options...
Guest Posted May 10, 2004 Report Share Posted May 10, 2004 Confirmed high volume sell-off here in EuroLand..on DAX/FTSE/CAC/IBEX,etc,etc...close in 15mins. Â Just need that bloody SOX to crack..the golds r going up too but I'll reserve my opinion on that for now Link to comment Share on other sites More sharing options...
brian4 Posted May 10, 2004 Report Share Posted May 10, 2004 stop 1091-BDK- all that counts is you are on the right side now-make sure you trail stops to lock in profit! Link to comment Share on other sites More sharing options...
Guest Posted May 10, 2004 Report Share Posted May 10, 2004 XAU has turned down....but no not the SOX...its still fighting for dear life over 450 but still in a intraday downtrend Link to comment Share on other sites More sharing options...
HiHat Posted May 10, 2004 Report Share Posted May 10, 2004 The COMMANDER is speaking at Pentagon @ 11:30. Link to comment Share on other sites More sharing options...
Guest Posted May 10, 2004 Report Share Posted May 10, 2004 stop 1091-BDK- all that counts is you are on the right side now-make sure you trail stops to lock in profit! thanks.....oh I will ....trust me I will Link to comment Share on other sites More sharing options...
soup Posted May 10, 2004 Report Share Posted May 10, 2004 a little behind this a.m., just sold 1/2 my triple mmm puts. ANyway, quick story. Friday after golf we were down in the men's grill, and there was a table of mother merril brokers next to us. I walked over to the tv to turn on bubble vision to see the close. A couple of the brokers yelled I do not want to know. I replied it is all a matter of how one's postioned. Anyway, one of tyhe bonkers lamented that all he had ever learned had not taught him to see a mkt down so hard with such good news. He claimed corp profits were on the moon, jopbs plentiful and an economy so bright he had to wear shades. We had a few more excahnges, and I basically left it with if you really feel strongly then there must be some great opportunities on the long side; go for it. Link to comment Share on other sites More sharing options...
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