simple guy Posted March 3, 2003 Report Share Posted March 3, 2003 SG chimes Excerpt from my Simple Guy Waves Topic thread I posted yesterday I discussed 25.84 about 2 weeks ago, 1363 on NAS etc... and frankly, this is a very realistic option if not almost probable. I would have to be blind and too stubborn to not admit as much to my fellow stoolies. SG probably should have seen this coming, but the waves have been forming an ABC x ABC x or some call it A B C D E type formation... an extended 4th wave according to some experts... which now appears to make some sense. These triangles are hard to discern, and frankly I dont think they are clear until they get far along. The good news, is the final wave c or wave e should be finishing up shortly, if it didnt already complete last Friday. However, in many cases, the final C wave or E wave would surpass previous highs (25.37 ish) and close or get higher on an intra-day basis. Hence... 25.84 or higher possible and 1363 to 1385 on NAS possible before the wedge completes its upside retracement. And, Chart of same posted yesterday.... Go over to the thread to read the entire passage.... today or tonight, Im going to talk about Tech Stocks, The QQQ, why its leading the others this year... what to expect... and why.... Link to comment Share on other sites More sharing options...
Oyster 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 bullish longterm but with 65000 cak fund long pretty much a record ever and closing slightly up on the month makes me a little nervous for some liquidation in March Link to comment Share on other sites More sharing options...
DrStool Posted March 3, 2003 Report Share Posted March 3, 2003 Pre Market Update now posted in the Anals. This will be repeated in Stooltrading at 9:35. Link to comment Share on other sites More sharing options...
GregFokker Posted March 3, 2003 Report Share Posted March 3, 2003 Fokker watched Black Hawk Down again this weekend. Good example of watching the backs of the guy next to you. Let's hang together today- this is going to be a big day. Hopefully to the downside... Link to comment Share on other sites More sharing options...
Oyster Posted March 3, 2003 Report Share Posted March 3, 2003 Just my gut feel at the moment.....but thinking small sell off into 10:30 +/-....rally and hanging around...then dump late afternoon.....times to watch are 1140 CIT and 1400-1430...... Link to comment Share on other sites More sharing options...
BubbaBear Posted March 3, 2003 Report Share Posted March 3, 2003 sure would like to see doc's 4-7 get hit first thing this morn Link to comment Share on other sites More sharing options...
SupplySider Posted March 3, 2003 Report Share Posted March 3, 2003 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. Oh for the days when the market was permitted to correct itself in a matter of weeks/months rather than drag on for years. Link to comment Share on other sites More sharing options...
Drano Posted March 3, 2003 Report Share Posted March 3, 2003 Hail, Pee-zer. We who are about to die salute you. Link to comment Share on other sites More sharing options...
mksloth Posted March 3, 2003 Report Share Posted March 3, 2003 Doug Kass @ SeaBreeze Partners on Crapvision says he's moderately long QQQ; says he's seeing beginning of virtuous cycle and is looking for minor double digit growth in SP500 for the year ~+15% from here. Link to comment Share on other sites More sharing options...
GregFokker Posted March 3, 2003 Report Share Posted March 3, 2003 Oh dear. The ISM data better suck. Link to comment Share on other sites More sharing options...
K Wave Rider Posted March 3, 2003 Report Share Posted March 3, 2003 RGLD- down over 3 on Barrons story Heres'a chart I posted on Stool's Gold, Feb 5, right after one of the most beautiful classic candle top formations. Pay atttention when you see this one the next time. Link to comment Share on other sites More sharing options...
machinehead Posted March 3, 2003 Report Share Posted March 3, 2003 The new moon occurred at 9:36 p.m. (EST) last night. This is typical 'zero pop' action (new moon = 0 degree phase). Dow 8,000 is in play again. Link to comment Share on other sites More sharing options...
simple guy Posted March 3, 2003 Report Share Posted March 3, 2003 OYSTER as I said before an ewave reason can always be found why market went against the way it should....after the fact Glass houses, stones... etc.... careful. All TA is subject to major screwups... yours, mine, Gann, CMAPS, P/C ratios... I could go on.... Key is... who is making $$?? Who is losing $$?? Who is gaming the tape daily and dieing of a death by 1,000 cuts? Who understands that a Bull market has not begun?? Etc.. Etc... Cheers Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted March 3, 2003 Report Share Posted March 3, 2003 ism # will come out better than exp., but down from Jan. all that giddyness going to result in a blast off/blowoff Link to comment Share on other sites More sharing options...
soup Posted March 3, 2003 Report Share Posted March 3, 2003 was away from the mkts for a few days and finished Marc Fabers book. All kinds of historical examples of govt intevention in mkts; of course they all failerd miserably, but in the interim can be quite painful for those that are smart enough to ascertain the true conditions. So I am asking myself, what is the point? Do I really want to fight the statists at the fed? Link to comment Share on other sites More sharing options...
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