soup Posted April 26, 2004 Report Share Posted April 26, 2004 dire: what guy? Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 26, 2004 Report Share Posted April 26, 2004 Just took a short on the RUT at 593.80 Link to comment Share on other sites More sharing options...
Guest Posted April 26, 2004 Report Share Posted April 26, 2004 STOPED DOW 10485 FOR +290 points Link to comment Share on other sites More sharing options...
Guest Posted April 26, 2004 Report Share Posted April 26, 2004 LONG x1 ...no leverage at DOW 10480. Looking to add to DOW longs at between 1128-1135SPX Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 26, 2004 Report Share Posted April 26, 2004 Soup I hope you loaded up on COF Looks like that one has a date with 64 soon! Link to comment Share on other sites More sharing options...
longOnUranus Posted April 26, 2004 Report Share Posted April 26, 2004 The SPX and XAU traded in concert for quite a while, part of the same dollar/hedge trade. The XAU failed to break out of a bull flag, and has gone south, leading the market since it was the most speculative front of the hedge. The XAU spike this morning seems technical and not related to dollar hedging. Now the SPX is following the same path (SPX and XAU 6 mo. charts were nearly identical, until the XAU breakdown). Many SPX participants are waiting for a slingshot effect as the US trends down in it's channel for a bit. I don't the think the redux will occur, because we now have an interest rate scare, and a war/election that is far from decided. This is not the market we had in '2003. Link to comment Share on other sites More sharing options...
Guest Posted April 26, 2004 Report Share Posted April 26, 2004 The Fed Bullhorning persisted all weekend. It never stops. Why do these Carnival Barkers feel the need to "soothe and re-assure" 24/7 when interest rates are already at 66-year lows?? Wouldn't surprise me to hear that some big derivative player has gone BROKE the last couple of weeks, and the Bullhorning is necessary to keep all other counterparties liquid. Interesting thought. A serious problem in the derivatives "industry" would explain the current frenzied intensity, which reeks of desperation. Weekend bullhorning by a central bank. Wow. Pathetic. Both the bullhorning and "market" choreography down to the smallest detail clearly reveal a whole new level of Matrix Operations, at a new alltime high. When Zensmoke posted this week's criminal lecture circuit, not only was the post longer than hell, I noticed it only covered two days! Who knows how much is scheduled for Wednesday - Friday; they might not even know yet, just 'whatever it takes.' If they get their damned stock market index breakthroughs and can hold them to the close, we can only hope they turn down the volume a little. Then again, maybe they can't, simply in order to just hold the levels. Link to comment Share on other sites More sharing options...
soup Posted April 26, 2004 Report Share Posted April 26, 2004 LLD: Yes I have a short on cof, bad news it is only a half postion, good news the short was let out w/ a 77 handle. Link to comment Share on other sites More sharing options...
brian4 Posted April 26, 2004 Report Share Posted April 26, 2004 stop is now 1141. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 26, 2004 Report Share Posted April 26, 2004 All this talk about the fed raising rates is total BS. They wont because they KNOW the economy sucks and there is NO job growth with the exception of part time and service...not the kind of basis for strong growth in the economy. The economy is the stock market and has been for many many years. They will not care how steep the yield curve becomes.. Threaten thier beloved sm? NFW Link to comment Share on other sites More sharing options...
brian4 Posted April 26, 2004 Report Share Posted April 26, 2004 Drop the Anvil Scotty-aye Capt. Anvil away. Link to comment Share on other sites More sharing options...
soup Posted April 26, 2004 Report Share Posted April 26, 2004 LLD: Somewhat agree. The economy is in tatters and the statists will not raise rates unless a gun is put to their head. Very possible that they will not have a choice as the mkt may force down a path they do not wish to travel. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 26, 2004 Report Share Posted April 26, 2004 Soup If the long bond forces thier hand I cant imagine the fallout They are going to have to find some way to get these debt markets back under control. I remember in 87 rising rates brought the entire house of cards down. The market has been priced to perfection for years. I believe one rate hike ends it quickly or starts the waterfall. Link to comment Share on other sites More sharing options...
brian4 Posted April 26, 2004 Report Share Posted April 26, 2004 Window now closed-we'll take it a real good one-the Pig limps along on its own for a bit. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 26, 2004 Report Share Posted April 26, 2004 Awful internals again Day after day of portfolio devastation under the DOW 30 87 new lows already Could hit 200 at this rate Link to comment Share on other sites More sharing options...
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