Guest Posted January 23, 2003 Report Share Posted January 23, 2003 Hmmm well we started off with a whole lot of buyers thinking they're were going to get rich quick but the market is getting more bearish as the day progresses. I was thinking there would be a bounce for you guys tonight but I'm changing my mind. The market here seems to have been on a slippery slope for the past day or so and we've broken so many supports I seriously doubt that it will lift off without some serious backing and filling. I reckon NAZ is the key. As B4 mentioned earlier NAZ has yet to break down and Ed from Signalwatch says it's in an expanding triangle so it will happen sooner or later. I'm assuming Ed is talking intraday NAZ but I'm not a subscriber so I don't get the NAZ charts. I'm expecting a mass exodus on NAZ which will kill it off once and for all, along with a whole lot of gamers who've been making a living out of it for far too long. Link to comment Share on other sites More sharing options...
wndysrf Posted January 23, 2003 Author Report Share Posted January 23, 2003 Thanks, Aussie.... Yeah, we all get a little hysterical trying to HeatMap all these bounces to avoid the lashings we took last year. But maybe you are right. We might get a rally in the morning and another selloff. Too many are loaded up with calls anticipating the bounce. Maybe I'll just hold those shorts for now, and daytrade a double position in the SMH if I can watch it. But the surf is up and the weather is sunny, so I might just bail tomorrow afternoon for the long weekend, and leave this bounce chasing to the Riverboaters. Link to comment Share on other sites More sharing options...
MrHanky Posted January 23, 2003 Report Share Posted January 23, 2003 another drunken moron to waste the countries money... http://story.news.yahoo.com/news?tmpl=stor...ow_nomination_5 Link to comment Share on other sites More sharing options...
ernstime Posted January 23, 2003 Report Share Posted January 23, 2003 HI all, Would someone please be kind enough to tell me what a feed is and how it affects the markets? Thanks for any help. Link to comment Share on other sites More sharing options...
sample Posted January 23, 2003 Report Share Posted January 23, 2003 Been lurking here for a while, decided it was time to become a member. I greatly respect your commentary and insight, Mark, and the enlightened contributions of other members. Thanks to SG, I hung onto my Feb 40 QCOM call options at the close. I am not as happy holding Feb 75 EBAY Puts, but it should not be long before NDX hits the 1050 target and prices flush down to levels unseen since July 8, '32......eventually ! Link to comment Share on other sites More sharing options...
3Martinis Posted January 23, 2003 Report Share Posted January 23, 2003 ernstime... It's the method the Fed uses to inject liquidity into the banking system...... http://www.newyorkfed.org/pihome/fedpoint/fed32.html *hic* Link to comment Share on other sites More sharing options...
PileDriver Posted January 23, 2003 Report Share Posted January 23, 2003 looking at the internals and some of my trustworthy proprietary indicators and they all lead to one conclusion: SHORT THIS RALLY WITH GLEE Wheeeeee! Link to comment Share on other sites More sharing options...
The End Posted January 23, 2003 Report Share Posted January 23, 2003 I see nothin' but a small rally ahead and then a pretty good dump. As for those of you who are noticing alot of people here say that, It is a bear board, or should i say, realist board. Some of the smarter minds trading are right here. Link to comment Share on other sites More sharing options...
brian4 Posted January 23, 2003 Report Share Posted January 23, 2003 Alex-gold futures-INO.COM-Hanky-that Snow thing is priceless as you said " drunken moron"-I would add "deadbeat dad".Ernstime " Feed" cannot be explained in 20 seconds-think of a river of money flowing from the federal reserve in to he markets-that's close enuff to the truth-trade Safe! Link to comment Share on other sites More sharing options...
ernstime Posted January 23, 2003 Report Share Posted January 23, 2003 3 martinis, Thanks for the info, maybe over time I will understand more what a feed is and what it does. I am to much of a greenhorn to know what all of the info in that site means. Thanks anyway. Link to comment Share on other sites More sharing options...
The End Posted January 23, 2003 Report Share Posted January 23, 2003 3 martinis & sample, Welcome to the best damn site on the friggin' web. For people like us. :grin: Link to comment Share on other sites More sharing options...
ernstime Posted January 23, 2003 Report Share Posted January 23, 2003 Thanks Brian, You are always helpful. Link to comment Share on other sites More sharing options...
Guest Posted January 23, 2003 Report Share Posted January 23, 2003 Mark, hope you don't think I was having a go at you and others in here who do a bit of daytrading whilst waiting for the bear to resume. Good luck to you.... I was really referring to the professional heatmappers who see it as a way of life and think they'll survive for ever playing the market the only way they know how... Link to comment Share on other sites More sharing options...
3Martinis Posted January 23, 2003 Report Share Posted January 23, 2003 ernstime... No worries...I'm no rocket surgeon myself. Lots and lots of information I've found over the years here and elsewhere....here is one of the best.... it will stick if you keep reading through. Gonna pick up some more HL tomorrow as the share offering freaked out the weak kneed pansies and gold is waving its b***s with one hand and shaking a fist with the other. *hic* Link to comment Share on other sites More sharing options...
midnite lightning Posted January 23, 2003 Report Share Posted January 23, 2003 Smoke?m big daddy! Somebody threw the anchor and forgot to let go. Looks like the hell bound train has left the station. I can?t see a damn thing to get excited about for the bullies. Dow chart I see 33 red indicators still a sell to me. Coming close to the 21-day low should be fun to watch. Volatility in narrow range since mid nov. means one thing, a big move is coming and I will bet to the downside. Need to see what happens at the 50 yard line of about 8134. I bet she breaks! Naz and q?s, 32 red ind. Looks like a breakaway gap to the downside. I guess we will know in about 10-days. Volatility is low, also a nice fix for an explosive move to the downside. Weighted readings: 13 up 87 down, still more downside potential. If they spin it here, it won?t run long at all. Too much momentum to the downside. Too much hope for a jam and as the bloodhound pointed out, if this thing moves down much further, the calls and dongs will sell and only accelerate the momentum. Looks like the tide is in. Da boyz will get smoked on this one and so will sadamn. CYA Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.