simple guy Posted December 3, 2002 Report Share Posted December 3, 2002 NAS did not break 1444 today.. so its not OFFICIALLY over yet, keep the party hats on the table nearby though... HPQ says tonight they are ahead of schedule on cutting costs with the CPQ merger... big deal.... Seibel said late today that q4 looks firmer... UH-HUH--- may I remind everyone that this is typical "desperation" behavior as they realize that q4 is ending soon and the IT budgets are going to DRY UP in a few weeks if not already... Its a game, a sharade... and the smart $$ has the puts and the shorts lined up to sell you the last of the shares... Fortunately, I aint a sheep... and Im a simple guy who doesnt follow the crowd. RE LOW... yeah, it will crater in q1.... Also, sticking with Citigroup forecast of $11 per share before the bear market ends... I have no position there, and none in LOW either. Just the RYVNX fund.... and of course long ELN at 2.40 Good luck tomorrow, might see a weak attempt at rally... but we should continue to 970-1000 on NDX as I indicated pre-market today. Link to comment Share on other sites More sharing options...
PileDriver Posted December 3, 2002 Report Share Posted December 3, 2002 Charmin, I'd be very surprised if that happened and even if it did %bears would be around 5% and %bulls would be around 75% so the rally would be vaporized in the blink of an eye. Link to comment Share on other sites More sharing options...
fxfox Posted December 3, 2002 Report Share Posted December 3, 2002 Tom O'Brien is saying SPX goes down to 911/912 and bounces back with 965 wide open as a target he wasnt that good lately, was he? Link to comment Share on other sites More sharing options...
Takachi Posted December 3, 2002 Report Share Posted December 3, 2002 I think the IT guys authority to spend out the remainder of their budgets is going to be a whole lot different than in years past. I don't see that pain waiting until 1st quarter although we may not hear about until then. Link to comment Share on other sites More sharing options...
simple guy Posted December 3, 2002 Report Share Posted December 3, 2002 OK, everyone use your BEAVIS AND BUTTHEAD VOICE... "uh, yeah yeah... uh.. yeah yeah" Link to comment Share on other sites More sharing options...
Guest soup1 Posted December 3, 2002 Report Share Posted December 3, 2002 What was the news on hp? I see futures jumped a couple of points. Hmmm, didn't we go thru this excercise yd w/ texas instruments? Link to comment Share on other sites More sharing options...
simple guy Posted December 3, 2002 Report Share Posted December 3, 2002 HP said they are ahead on their restructuring cost savings plan by 1 year. Big deal... like I said... its over or nearly so.... Link to comment Share on other sites More sharing options...
ThorAss Posted December 3, 2002 Report Share Posted December 3, 2002 SG, Nice chart! Good chart! Down Boy! Schaeffer was really weird about that OEX 480 level. He interpreted to mean we were going higher. I just saw it as a good rally stopping point. Can't understand why so many of these bearlike gurus have strapped on horns of late. What's changed? Same old BS as far as the nose can smell. Link to comment Share on other sites More sharing options...
rog Posted December 3, 2002 Report Share Posted December 3, 2002 IDTI opens the q4 preannouncement period with a fine warning. They will now lose $0.17-0.21 versus an expected oss of $0.05-0.07 Link to comment Share on other sites More sharing options...
PileDriver Posted December 3, 2002 Report Share Posted December 3, 2002 look at them trying to shore up afterhours. Pathetic. Kind of like building a sandbag wall to stop the 1900 hurricane in Galveston, TX. Link to comment Share on other sites More sharing options...
Rockhead Posted December 3, 2002 Report Share Posted December 3, 2002 Hewey closed right on the top of the inside triangle, it's ST descending resistance line. I mean right on it. Best seen on the 60 minutes. This has generated a buy signal, surprise, surprise but looks a little overbought intra-day. Could get more overbought if more shorts bail and nobody wants to sell to them. I think they'll sell. There will be fear that this is the headfake before the move to $200. It's called the Wall of Worry and will keep the Gold Bull real. Here's the chart..... Link to comment Share on other sites More sharing options...
fxfox Posted December 3, 2002 Report Share Posted December 3, 2002 i have still no fear. Restructuring is a job a company has to do all the time, thats a BULL-shit argument to say that is "good news". I will wake up and see nikkei deep in the red, than i go to uni thinking about me DAX short, come home see a little rally attempt by the boys and then a breakdown later. What a life! Good night I will slepp like a little baby tonight. Link to comment Share on other sites More sharing options...
Rockhead Posted December 3, 2002 Report Share Posted December 3, 2002 Hewey closed right on the top of the inside triangle, it's ST descending resistance line. I mean right on it. Best seen on the 60 minutes. This has generated a buy signal, surprise, surprise but looks a little overbought intra-day. Could get more overbought if more shorts bail and nobody wants to sell to them. I think they'll sell. There will be fear that this is the headfake before the move to $200. It's called the Wall of Worry and will keep the Gold Bull real. Here's the chart..... And here is the more inclusive data version for those of you who wonder where the red colored trendlines came from..... Link to comment Share on other sites More sharing options...
PileDriver Posted December 3, 2002 Report Share Posted December 3, 2002 after hours and fuctures falling off a clive. Eh, eh...too bad! Link to comment Share on other sites More sharing options...
simple guy Posted December 3, 2002 Report Share Posted December 3, 2002 RE HUI E wave boys have been bearish the XAU... but they did indicate for a few weeks now that HUI could have a bullish wedge and bust a move to 150... Link to comment Share on other sites More sharing options...
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