Jimbo Posted December 28, 2002 Report Share Posted December 28, 2002 TIME FOR A LITTLE BOUNCE Brian 4 is absolutely correct time for a little bounce. I have noticed that in this great bear market that Fall Street/Government/papers are not excoriating the bears like they did in the 30's. (ROOSEVELT BANNED GOLD HOLDING THEN) Is it because all the smart fall street operators are making too much money on the short side???? Love the 5 year chart for the DOW and S&P. Link to comment Share on other sites More sharing options...
Jimbo Posted December 28, 2002 Report Share Posted December 28, 2002 ADAM HAMILTON - HONORARY STOOLIE I think doc should make Adam Hamilton and honorary stoolie His analysis is outstanding. His take on the market is so correct. I always read his essays over at zealllc.com. Link to comment Share on other sites More sharing options...
simple guy Posted December 28, 2002 Report Share Posted December 28, 2002 SG chimes in with an anecdote Of the 2003 business week market strategist survey 67 were polled 64 have all indices higher next year 3 have them lower... Similar to 2002 poll, only more bullish this time. So... there you have it, its all you need to know... Link to comment Share on other sites More sharing options...
Ned38 Posted December 28, 2002 Report Share Posted December 28, 2002 Well : Lotta indicators say bounce. Lotta folks say bounce Charts say bounce Media says bounce Can everybody be right? Link to comment Share on other sites More sharing options...
MaxxPain Posted December 28, 2002 Report Share Posted December 28, 2002 I'm not concerned about the low volume. I just looked at C, IBM, GE and the volume really isn't very low. I don't think the jammers will waste another cent this year and might let it drift lower to setup a good jam for the first couple of weeks of the new year. Link to comment Share on other sites More sharing options...
DrStool Posted December 28, 2002 Report Share Posted December 28, 2002 I suspect that high trin readings will be the rule in this phase. The 29 day trin (aka dickarms index) has a good record of reaching extremes a few days before 10-13 week cycle highs (although it sometimes give false signals.) It has a week or two to go before getting to the point of signaling a rally of consequence. Doesn't preclude a short pop before that, of course. Get StoolieSignalSpecial offer here only![/font] Doc's Super Duper Fancy Schmancy Year End Weak End Anals and Foreplay for 2003 will be posted around 12:00 NY time. Don't miss it. Subscribe now and get immediate access by clicking the link below. Link to comment Share on other sites More sharing options...
Guest Posted December 28, 2002 Report Share Posted December 28, 2002 *Regarding leverage of gold stocks to POG* It is somewhere in the neighborhood of 3:1 On average, every 1% increase in the price of gold leads to a 3% increase in the value of mining stocks. You get that kind of leverage because costs are fixed, and reserves are more valuable. Ultimately, the industry's profits are enhanced. Article by Tony Bortolin @ Prudent Bear, Dec 26: http://www.prudentbear.com/archive_comm_ar...ntent_idx=18875 Link to comment Share on other sites More sharing options...
Metamucil Posted December 28, 2002 Report Share Posted December 28, 2002 One of my favorite charts....the financials.....STILL in a distributional top!!!!! I have my non-brokerage cash in gold and T-bills. Not sure how many banks will be standing when this unwinding muthah finally lies down. monthly banking index weekly Link to comment Share on other sites More sharing options...
Metamucil Posted December 28, 2002 Report Share Posted December 28, 2002 Prescient words from THE man: Gold Isn't Just Something You Wear Around Your Neck (4/21/01) By popular demand, (actually nobody asked) Dr. Stool is instituting coverage of gold prices. Why? Because it's time. Gold is finally basing. It is under accumulation and a long term trend reversal seems to be in the offing. Dr. Stool thinks the current rally still has a little way to go. Mo is in gear to the upside. The six week cycle price projection is 270-272. If the pullback from there is mild, gold is gonna go. The gold watch is on. Check back here regularly. Link to comment Share on other sites More sharing options...
sweefraapp Posted December 28, 2002 Report Share Posted December 28, 2002 IBM weekly. Blue line is 41 wk ma. I own April 70 puts that are green. I may exit with the idea of entering again after the bounce. Link to comment Share on other sites More sharing options...
DrStool Posted December 28, 2002 Report Share Posted December 28, 2002 Many tanks for remembering that Dr. Mucil! Now if I could just find all my lost files from last December. Link to comment Share on other sites More sharing options...
sweefraapp Posted December 28, 2002 Report Share Posted December 28, 2002 IBM Daily Link to comment Share on other sites More sharing options...
Guest The CoinGuy Posted December 28, 2002 Report Share Posted December 28, 2002 Hello Fellow Stoolies, Nice to see some talk on GSS, it's my favorite junior. I'm including the link to their site if you want to get on their mailing list. I will add, they e-mailed out the shelf offering in plenty of time for me to take advantage of the "dip" on Friday. I had my orders filled at 1.68,70, and 72. Also, I will add, BGO looks to have some serious support here at 1.36, I had a bid in for 3500 shares(adding to position) @ 1.35 on a limit order for most of the afternoon. It filled at 14:59:48(CST). It doesn't look as extended as some of the other juniors. I also like IamGold, but look at that chart since it started trading on the US exchange(IAG). Holy Cow! I'm taking the time to give Wheaton River a good looking over, liked what I saw at first glance. Looking at all the posts, it looks as though there is a consensus to short the rallies, some don't believe there will any be any? I'm looking the charts over, but I will probably be taking positions real soon in URPIX, USPIX, and BEARX in the trading account. I'll just split the account up and go in slow. I wan't to see what is happening after the first of the year, this low volume is making me nervous. I realize it's the holidays, I want to see what she does after all the hitters are back at work. Received the Hurst book on Friday, plan on spending the weekend thumbing through the pages to see if I can make heads or tails out of it. Golden Star Resources Ltd. Good weekend to all , The CoinGuy Link to comment Share on other sites More sharing options...
DrStool Posted December 28, 2002 Report Share Posted December 28, 2002 Subscribe NOW! Doc's Super Duper Fancy Schmancy Year End Weak End Anals and Foreplay for 2003 12/27/02 Log In This is it. What you have been wafting for! Doc's predilections and preconceived notions for 2003, which of course, he will probably be forced to disavow and deny later. But, as he did last year, Doc took a look through his trusty, high powered, Bell and Howell stock proctoscope, and lo and behold, he saw the market coming down. Yes sir, a real stinker is coming our way. But first, the usual road kill rundown, including intraday, short term, and intermediate outlook, as well as hot pictures of naked stock charts, Uncle Buck and the Golden Stool, stoolies, log in. If you're not a stoolie already, become one Now! Link to comment Share on other sites More sharing options...
Guest Posted December 28, 2002 Report Share Posted December 28, 2002 Pictures speak more than a thousand words: http://www.markfiore.com/animation/jobless.html Link to comment Share on other sites More sharing options...
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