Slothrop Posted April 14, 2003 Report Share Posted April 14, 2003 Buddha's a gifted writer and he's entitled to his opinion, but he's missing good, solid TA when he dismisses all of it out of hand. Ewave structure, by itself, without any other form of analysis, suggests 940 S&P. Today's surprising upmove might be the beginning of that. Also, VIX dipped below 6-month support levels briefly today -- indicating that those levels are about to be seriously breached. That is to say, more "complacency" is on the way, that is to say, higher prices. Let's look at the TA first before we start knocking it. Link to comment Share on other sites More sharing options...
Madame Wrecked Him Posted April 14, 2003 Report Share Posted April 14, 2003 I still think FRE is trying to tell us something That it's manic depressive? Up a buck in the first hour, then down $1.50 until 2.30, finally back up to the highs into the close. Folks seem to have had decision-making issues today. Link to comment Share on other sites More sharing options...
anjing bau Posted April 14, 2003 Report Share Posted April 14, 2003 some constructive work being done here just below the downsloping 50 dma Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted April 14, 2003 Report Share Posted April 14, 2003 I'm the one that's manic depressive... My MD self help group meets wednesdays and Fridays. If you look at the charts for FNM and FRE since the last low, FRE has seiously underperformed. A sign methinks, I'm just not sure what. Although I bet it stinks. Link to comment Share on other sites More sharing options...
wndysrf Posted April 14, 2003 Author Report Share Posted April 14, 2003 NVLS all over the place in AH. Was in the green, now down by half a buck. Must have been a bad conference call. IBM halt lifted, shares are trading down, but not by much. Link to comment Share on other sites More sharing options...
soup Posted April 14, 2003 Report Share Posted April 14, 2003 Rog made some great posts over on IDS, seems that ibm report has more holes than swiss cheese. Link to comment Share on other sites More sharing options...
soup Posted April 14, 2003 Report Share Posted April 14, 2003 I show ibm last 81.40 up a buck and change from rth. Lets see if it hols up into the open tommorrow. Link to comment Share on other sites More sharing options...
BeerMarket Posted April 14, 2003 Report Share Posted April 14, 2003 NVLS all over the place in AH. Was in the green, now down by half a buck. Must have been a bad conference call. IBM halt lifted, shares are trading down, but not by much. NVLS, 2nd hand info, but says Jun Q bookings down significantly in last 2 weeks! Hmmm. lower margins, .05 EPS vs est of .09 for Q2 also. Why would a company release the "good" news about beating, let the stock trade, then lower the boom on the call? Link to comment Share on other sites More sharing options...
soup Posted April 14, 2003 Report Share Posted April 14, 2003 I think ibm is lying, big time about global services, a lot of assumptions. Of course does not matter what I think, but lets see how it trades in rth tommorrow. Link to comment Share on other sites More sharing options...
strikerm3 Posted April 14, 2003 Report Share Posted April 14, 2003 I think ibm is lying, big time about global services, a lot of assumptions. Of course does not matter what I think, but lets see how it trades in rth tommorrow. that was helpful Link to comment Share on other sites More sharing options...
riff Posted April 14, 2003 Report Share Posted April 14, 2003 Anyone who hasn't figured a close above the 200 day MA is underestimating the BOYZ again. There is no way that they could resist in this low volume environment to push over that moving line in the sand..... Everytime we get these rallies there has to be some underlying lie to be perpetuated to bring in the sheeple to unload inventories to. War rally........ economic improvement....... and the 200 day MA to suck in the last of the TA types...... whatever it takes..... I'm still looking for the name of a book that talks about 401K, mutual funds and other retirement plans showing the SM as the greatest Ponzi scheme ever invented.. Any help would be greatly appreciated. Someone mentioned said book about 2 weeks ago, though for the life of me I can't find it now.... Thanks again. and thanks for Mark's very wise assessment of this so-called market.... especially his unpopular and also very correct short call on PMS in Feb Link to comment Share on other sites More sharing options...
soup Posted April 14, 2003 Report Share Posted April 14, 2003 strikeerm: Glad I could be of assistance. Link to comment Share on other sites More sharing options...
wndysrf Posted April 14, 2003 Author Report Share Posted April 14, 2003 Manic/depressive Psychos. IBM was being hit, now its up. NVLS now down over a buck..... Untradeable markets.... Feel sorry for AfterMarket Riverboaters. Link to comment Share on other sites More sharing options...
Guest Posted April 14, 2003 Report Share Posted April 14, 2003 I think Al Green, the Feds and the CEOs have a deal... "it's OK to lie about your numbers...we're not going to send you to jail...we need you to lie about your numbers or we're all wingohockingmoyamensinged!" Plunger Link to comment Share on other sites More sharing options...
Jorma Posted April 14, 2003 Report Share Posted April 14, 2003 FNM +2.48 JPM +.95 ABK + 1.57 MBI + 1.52 That's the credit bubble portfolio and all is well, sort of. All below their January highs and in an area of resistance. Anyway they lead today and that suggests to me the 'health' of the uptrend is pretty good. Trouble in Credit Bubble land will have to come from events I think. Not necessarily an event external to the markets but something 'news' related will have to make these things buckle. They have too many friends in high places. Maybe Rog or someone can say if the HI deal, which was coincident and probably causal of the Dec. bottom, was ever completed. That deal was intimately entwined with this whole stinking mess and I'd love to know how it is going. Link to comment Share on other sites More sharing options...
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