Guest Posted March 25, 2003 Report Share Posted March 25, 2003 Continuous up to date information about the war - this note by sombrehombre at PruBear's Bear Chat yesterday: I'd like to direct your attention to The Agonist, which appears to have some of the best coverage of the events of operation Iraqi Freedom. Its basically a weblog run by a fellow who is digesting 30 other international websites, 18 hours per day, but has scooped network coverage by hours for the past few days. And yesterday's Puplava provides some very proper and useful perspective regarding war and Fantasy Island. And a belated Happy Anniversary to yobob1, who joined our community two years ago yesterday and is our third most senior member. And Happy Anniversary to depends, who's been with us one year today. Link to comment Share on other sites More sharing options...
DrStool Posted March 25, 2003 Report Share Posted March 25, 2003 Good morning and Goood Stool to all! We began a new feature in IDS the last two nights. It's called IDS World Markets. It's a natural extension of IDS for those who trade Asain, European and Globex markets in their own countries, and in the and overnight in the Americas. If you are trading or watching those markets, please join in! The thread will be located right here in Intraday Stool, and will remain open until Glad opens this thread as usual each day. Suctors and Stoolwethers are posted for you now, if you are a subscriber. As usual, these 22 charts of market leading stocks and industries of particular note provide a most interesting and useful perspective in identifying where we are and where we are going in this market. Not to mention, they are great for specific trading ideas. Almost all have reached their upside targets for this 10-13 week cycle. It's just a matter of time for some great shorting setups. A few are already their. As always, the safest play is to follow the indicators, not to anticipate them. How do you grab the meat? By follwoing the indicators! If you are subscriber, be sure not to miss this critical feature of your Anals each morning. And if you're not a subscriber, get in on the fun now! As for the current issue of the Anals, it's all about How To Grab The Meat 3/24/03 You saw the evidence in the Weak End Anals. Last week's action was a combination of over-hedging, scam week, and the "3 years after the top" phenomenon. Prior to the meltup, commercial hedging was near record levels. Because they are hedgers, we know that this means they had record long positions, against which they had shorted futures. We know that they almost certainly had record covered call positions as well. Many of those same players had also placed a lopsided bet against the dollar and suddenly found themselves in front of a speeding bullet fired by BoJ Governor Fukui. It ignited a massive chain reaction panic. With scam week over, Monday's action was the inevitable result. Doc says there will be more of this ahead. He reviews the current conditions which created this tinder box, and the implications for the future. He chronicles the short and long term market cycles, and tells us where this basket case is heading, with hot pictures of naked stock charts, the Long Bong Hit, Uncle Buck and the Golden Stool. Drop by your stock proctologist's office, and get the inside picture, all in the Anals tonight. Stoolies, log one in. If you're not a stoolie already, become one Now! And don't forget to join Doc during the market day in Stooltrading Beta Link to comment Share on other sites More sharing options...
GregFokker Posted March 25, 2003 Report Share Posted March 25, 2003 A new formation on the fukuda-tures, with a dump at 3AM but then a stick save at 4AM. Haven't seen it before. Link to comment Share on other sites More sharing options...
DrStool Posted March 25, 2003 Report Share Posted March 25, 2003 Greg- Did you see my post last night in M2M. the Finance Ministry is Fukuda. the BoJ is Fukui, not Fukuda. But still Eifuku. Link to comment Share on other sites More sharing options...
phatbubble Posted March 25, 2003 Report Share Posted March 25, 2003 another simultaneous, miraculous, v-shaped recovery in the u.s. futures and the european markets began at 4 a.m. from that puplava link (the bold is his): It should come as no surprise that markets pulled back at the first sign of difficulty. Now the reality should start to set in. However, I believe intervention will keep the markets from going through a drawdown, so expect days like today to be followed by rallies that take place on the most inane reason.... this may not be wild, cornered animal stage, but we're at least into snarling, cut-off-from-the-exit stage. make no mistake: they will give it all they got. hedges and cash levels only provide the fuel or lack thereof. have no illusions about this. the vested interests will lie, cheat, jam, and systematically defraud right until the end. try to enjoy it. it's the drama of a lifetime. and once it's over, there won't be anything like it again. Link to comment Share on other sites More sharing options...
GregFokker Posted March 25, 2003 Report Share Posted March 25, 2003 Greg- Did you see my post last night in M2M. the Finance Ministry is Fukuda. the BoJ is Fukui, not Fukuda. But still Eifuku. Not only did I see it, but I've been actively disseminating your link to the BOJ VIPs to all those who doubted me. Seems that no one can believe that those are really their names. In other news, it seems that a majority of oy-conomists think that the war is the single greatest threat to the US economy. That bogus rot is available on the CNNfn page, but I won't post a link to it. Al Green should frame and mount that rag on his wall- looks like the bad guys will get away with it, yet again. Link to comment Share on other sites More sharing options...
DrStool Posted March 25, 2003 Report Share Posted March 25, 2003 As goes Uncle Buck, so goes the stock market. As of 8:40 NY time. Link to comment Share on other sites More sharing options...
richmtn Posted March 25, 2003 Report Share Posted March 25, 2003 Daily Reckoning Contributing Author The Mogambo Guru "But the only way to get total protection against a downdraft in asset prices is to sell before prices drop. I now lapse into a sort of take-off on the opening scene from the movie "Patton" where George C Scott is standing there saying, "You don't win a war by dying for your country. You win a war by making some other poor son-of-a-bitch die for HIS country." So, in a direct rip-off of that scene, for which I expect to hear from lawyers of the owner of the movie rights and probably George C himself who will be angry to be associated with a dork like me in any capacity and how I owe him for his thus-diminished reputation and marketability, I heedlessly say, "You don't get rich by owning deflating assets in your portfolio. You get rich by selling your deflating assets before they fall in price to some other poor son-of-a-bitch to put in HIS portfolio." Daily Reckoning Link to comment Share on other sites More sharing options...
chibear Posted March 25, 2003 Report Share Posted March 25, 2003 The sandstorm may slow war news down for a day or two. I don't know what, if anything, the absence of developments will do for the market. 10:00 am EST: Consumer Confidence for March, prior 64.0, consensus 62.0 10:00 am EST: Existing Home Sales for February, prior 6.09M, consensus 5.85M. Did anyone check the 90% down day parameters for yesterday? Link to comment Share on other sites More sharing options...
ShamPoo Posted March 25, 2003 Report Share Posted March 25, 2003 have no illusions about this. the vested interests will lie, cheat, jam, and systematically defraud right until the end. Not different from an Enron or a WorldCom is it. Link to comment Share on other sites More sharing options...
DrStool Posted March 25, 2003 Report Share Posted March 25, 2003 No one seems to understand that Desmond's 90% down days threory includes not only volume but price action. I don't know how they meausre the price parameter, but it's not enough to be just 90% down volume. At any rate, now that the market has become nothing more than the tail of the Spoo's and SPY options, and market depth and liquidity is drying up, my theory is that 90% days will become commonplace, thus driving everybody crazy. Link to comment Share on other sites More sharing options...
ShamPoo Posted March 25, 2003 Report Share Posted March 25, 2003 No one seems to understand that Desmond's 90% down days threory includes not only volume but price action. I don't know how they meausre the price parameter, but it's not enough to be just 90% down volume. At any rate, now that the market has become nothing more than the tail of the Spoo's and SPY options, and market depth and liquidity is drying up, my theory is that 90% days will become commonplace, thus driving everybody crazy. Correction: At any rate, now that the market has become nothing more than the tail of the Spoo's and SPY options, and market depth and liquidity is drying up, my theory is that 90% days will become commonplace, thus driving everybody even more crazy. Link to comment Share on other sites More sharing options...
MrHanky Posted March 25, 2003 Report Share Posted March 25, 2003 Biggs just stated that the markets will rally 40-50% if the war goes ok for the u.s. I think biggs has become the new abby joe colon. Link to comment Share on other sites More sharing options...
simple guy Posted March 25, 2003 Report Share Posted March 25, 2003 SG chimes I posted this chart up last Thursday morning that I had annotated. Everything still going according to script. I think B wave bottoms today at 1350 ish... C wave takes us to 1470.... prepare ye... You were forewarned Disclosure: SG is long currently for the C wave.... expect re-test of 27.38 high last weeks high on Friday, probably to go over it in fact... Link to comment Share on other sites More sharing options...
ShamPoo Posted March 25, 2003 Report Share Posted March 25, 2003 Biggs just stated that the markets will rally 40-50% if the war goes ok for the u.s. I think biggs has become the new abby joe colon. Did Biggs mention what he thought markets would do if the W was a catastrophe? Did anyone ask him? Never mind. Link to comment Share on other sites More sharing options...
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