GregFokker Posted March 3, 2003 Report Share Posted March 3, 2003 The "X" line looks like the neckline of the head n shoulders formation to me - if so, then that pattern already fulfilled its target with the low print at the lower line labelled "Gann". "X" should still be resistance on a re-test, though. Myself, I hope this whole pile of turn just smacks straight south from the open. Bonds just opened seeing light selling, FVX +1.7 bps, TNX +.8 bps, TYX +.7. Maybe if we all do the collective "ohmmmmmm" think we can will this thing down. Link to comment Share on other sites More sharing options...
GregFokker Posted March 3, 2003 Report Share Posted March 3, 2003 Consumer spending was down in January for the first time in 4 months: http://biz.yahoo.com/ap/030303/na_fin_eco_..._economy_1.html Link to comment Share on other sites More sharing options...
Ned38 Posted March 3, 2003 Report Share Posted March 3, 2003 08:33 ET Income, spending a bit weaker than expected Personal spending fell 0.1% in January vs the expectation of a 0.1% increase; weakness in autos led the decline. Income continued its modest growth path, rising 0.3% vs the 0.4% consensus. Nothing in this report changes the economic view or will have much market impact. 08:31 ET Spending falls 0.1% vs +0.1% consensus; income up 0.3% vs 0.4% consensus Link to comment Share on other sites More sharing options...
Bearman Posted March 3, 2003 Report Share Posted March 3, 2003 insider trading? wallstreet no way joe 6 pak and classaction should make war small news. ohmmmmmm Link to comment Share on other sites More sharing options...
longOnUranus Posted March 3, 2003 Report Share Posted March 3, 2003 Looks like SG (on his thread), Oyster, Bont see short term up to "X" line of H/S. It will be a test of intestinal fortitude to ride this POS back north. I'll need some serious distractions whilst I man my battle toilet. Link to comment Share on other sites More sharing options...
ShamPoo Posted March 3, 2003 Report Share Posted March 3, 2003 Striker, when a chart exists on a publicly available site, simply link to it instead of attaching it to your message. Also, do not forget to specify the source - after all, we should give proper credit to the author of the chart. As for resizing - you can't do it with IMG tags, but you can do it with HTML: Regards, Vesselin Vess, I thank you, my monitor thanks you. Link to comment Share on other sites More sharing options...
Guest Posted March 3, 2003 Report Share Posted March 3, 2003 I've taken the week off from the Rock Quarry so I'm playing the home version of the game today. I may get stopped out today depending on how bad things get. Right now if the futures and Pre-Market is any indication, I may have to eject. Bummer. I want to keep a certain amount of profit on this expedition and I'm getting close to that point. Link to comment Share on other sites More sharing options...
Oyster Posted March 3, 2003 Report Share Posted March 3, 2003 Looks like SG (on his thread), Oyster, Bont see short term up to "X" line of H/S. It will be a test of intestinal fortitude to ride this POS back north. I'll need some serious distractions whilst I man my battle toilet. not necessarily...I can give reasons for highs already in on ESH.....and on opening on SP00 here Link to comment Share on other sites More sharing options...
Lethal Dose Posted March 3, 2003 Report Share Posted March 3, 2003 Oyster: I think I recall from some time back you pay attention to the bean market, and if this isn't the appropriate space for discussion of such matters feel free to PM me, but it seems the 520 - 530 area on the nov contract is a pretty crucial area. What's your feeling and your bias at current prices? Thanks LD Link to comment Share on other sites More sharing options...
SupplySider Posted March 3, 2003 Report Share Posted March 3, 2003 Anybody out there tired of this sh*t? Contrarians talk about a real "bottom" occuring when nobody cares about stocks anymore. I think that includes both Bulls and Bears. In other words, Mr. Market has to exhaust both - at the very least psychologically, if not financially. Although, I tend to think Bears will have more working capital at "The Bottom." Whether they are paying attention or even care that "It" has arrived is another question. Link to comment Share on other sites More sharing options...
GregFokker Posted March 3, 2003 Report Share Posted March 3, 2003 Bonds don't seem to be confirming the strength in equities. FVX +.5 bps now. Link to comment Share on other sites More sharing options...
TheDeepBlueSea Posted March 3, 2003 Report Share Posted March 3, 2003 Anybody out there tired of this sh*t? Contrarians talk about a real "bottom" occuring when nobody cares about stocks anymore. I think that includes both Bulls and Bears. In other words, Mr. Market has to exhaust both - at the very least psychologically, if not financially. Although, I tend to think Bears will have more working capital at "The Bottom." Whether they are paying attention or even care that "It" has arrived is another question. I recall reading that during the Crash of '29, the Dumb Money got wacked in '29. The Smart Money in '30, the Really Smart Money in '31, and the Incredibly Wise Money in '32. We'll be at The Bottom when Stocks are less popular then Toxic Waste and the Blood Running in the Streets is Real. Link to comment Share on other sites More sharing options...
crooked_analyst Posted March 3, 2003 Report Share Posted March 3, 2003 Well, it appears that DaBoys have their Rubber Gloves on and are ready to begin Cavity Checks on us Stoolies.....Prunes, Anyone? Link to comment Share on other sites More sharing options...
Bearman Posted March 3, 2003 Report Share Posted March 3, 2003 CAP ONE is tip of iceberg Rats are scurrying Peter will rob to pay paul,paul will rob to pay peter after that its every man for himself. abandoned ship soon,women and children last Link to comment Share on other sites More sharing options...
TheDeepBlueSea Posted March 3, 2003 Report Share Posted March 3, 2003 Some rather reflective bond market commentary from Gross at Pimco The Hours Link to comment Share on other sites More sharing options...
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