Jimbo Posted March 19, 2003 Report Share Posted March 19, 2003 CREAMER A BULL AGAIN A few up days and Creamer becomes a bull again. All is right with the world. Long term bear case intact. This rally is war noise. For those who can play the long side of this move - good luck!! Link to comment Share on other sites More sharing options...
Wahoo Posted March 19, 2003 Report Share Posted March 19, 2003 Well, I hope this image is small enough, I don't need anymore grief from Doc. I don't really use Elliot, mostly market geometry. But 1.618 of Wave 1 or A is a good target which is where we are sitting. Not much time to read, sorry if this is a rehash. Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted March 19, 2003 Report Share Posted March 19, 2003 Interesting that 867 never printed....very interesting. Link to comment Share on other sites More sharing options...
SideshowBob Posted March 19, 2003 Report Share Posted March 19, 2003 They identified the superflu in HK: Doctors in Hong Kong Identify Killer Virus SSB Link to comment Share on other sites More sharing options...
Sphinxter Posted March 19, 2003 Report Share Posted March 19, 2003 Mmmmmm. I like the bullish sentiment I'm smelling around here. Are we close to a top? Here's my take - the only way, and I mean only way, this thing coasts higher is if no surprises or shocks come along. I put that chance at about, ohhh, zero. Between Iraq, North Korea, and Iran there's a bunch of ways this can all go wrong. Factor in Russia, China, France, Germany, the Pope and kitchen sink all banding together against an illegal invasion and, well, you have some potential to draw a few unexpected wild-cards over the next few months. Russia is leaving their staff in the Bagdhad embassy. SAM experts eager to try out a new technology in repayment for Afghanistan in the 80's? Anybody remember what a few cheap Exocet missiles meant to the vastly superior British navy during the Falklands? Defending is always waaaay cheaper than attacking. Oil stocks at 28 year lows? Dumping of US dollars in protest? Terrorism? The number of potential directions a shock could arise is beyond comprehension. What's the right trading strategy for a shock environment? I wouldn't hold a long paper position overnight right now under any circumstances. Link to comment Share on other sites More sharing options...
purdymouth Posted March 19, 2003 Report Share Posted March 19, 2003 What a "Red Alert" Will Mean Link to comment Share on other sites More sharing options...
Guest Posted March 19, 2003 Report Share Posted March 19, 2003 What a "Red Alert" Will Mean [ "If the nation escalates to "red alert," which is the highest in the color-coded readiness against terror, you will be assumed by authorities to be the enemy if you so much as venture outside your home, the state's anti-terror czar says." ] Well now look at the fine mess you've gotten us into. Do we have interment camps for rebelling serfs too? Link to comment Share on other sites More sharing options...
Guest Posted March 19, 2003 Report Share Posted March 19, 2003 Sphinxter: Does that include long mining stocks? Plunger Link to comment Share on other sites More sharing options...
Hypertiger Posted March 19, 2003 Report Share Posted March 19, 2003 As soon as this thing starts the Congress is going to get a request for 80-90 Billion dollars... the budget defict will easily top 600 billion this year... Link to comment Share on other sites More sharing options...
Sphinxter Posted March 19, 2003 Report Share Posted March 19, 2003 What a "Red Alert" Will Mean Whaaaa? That's farked up. A red alert means they shut travel and business down? A red alert would also tear away virtually all personal freedoms to move about and associate I think this bit is the heart of the matter. TEOTWAWKI here we come. Link to comment Share on other sites More sharing options...
sweefraapp Posted March 19, 2003 Report Share Posted March 19, 2003 While we've had some near historic low trin readings (some high ones too - red dots), the 10 day ma is not quite there yet. Link to comment Share on other sites More sharing options...
DrStool Posted March 19, 2003 Report Share Posted March 19, 2003 A couple things about this war the market is not going to like. Saddam is a vicious mass murderer leading a gang of 30,000 secret police. His closest inner circle, including his sons are maddog killers. His army may not fight, but he will use chemical weapons, and a bunch of American young men and women are going to get killed going into Baghdad. The war will not be over in a week. Not to mention what they may be able to pull off here in the US. When the market realizes it, it's not going to like it. Institutions buying stocks in the face of this likelihood are clear proof of the mindless depravity of Wall Street. I pray that I am wrong and that everything goes far better than anyone can imagine. One way or another, when the rally ends, it will end with a bang. Link to comment Share on other sites More sharing options...
SideshowBob Posted March 19, 2003 Report Share Posted March 19, 2003 Watch MMM. Today it closed at 129.97. If this cannot make a new all-time high soon, the rally will collapse (slowly of course). SSB Link to comment Share on other sites More sharing options...
TheMotleyStool Posted March 19, 2003 Report Share Posted March 19, 2003 It'd be funny if Saddam had one of his clones "leave the country" for peace.... Then, when identified as a clone, the real Saddam and children leave.... but with Chemical Ali in charge as interim president of Iraq. He could keep delaying this thing for a while longer, couldn't he? Link to comment Share on other sites More sharing options...
Ned38 Posted March 19, 2003 Report Share Posted March 19, 2003 Doc: My sentiments exactly Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.