GregFokker Posted May 1, 2003 Report Share Posted May 1, 2003 June gold +2.20 to 342/oz. Link to comment Share on other sites More sharing options...
Ned38 Posted May 1, 2003 Report Share Posted May 1, 2003 Sure is quiet in here Link to comment Share on other sites More sharing options...
h2orush Posted May 1, 2003 Report Share Posted May 1, 2003 Market trying to selloff, but watch that economic data for a possible launch at 9am CST......They like to do that you know. Link to comment Share on other sites More sharing options...
GregFokker Posted May 1, 2003 Report Share Posted May 1, 2003 Plenty of company out here on the ledge. Link to comment Share on other sites More sharing options...
PyurAureo Posted May 1, 2003 Report Share Posted May 1, 2003 Ned Riley was on Bloomberg this AM (haven't seen him of late in the other usual haunts) - calling for the usual, albeit slightly muted, bull market to develop/continue... Ned, "slightly muted" after three years of bullish bullsh*t??????? That must be some kind of sign ... Link to comment Share on other sites More sharing options...
strikerm3 Posted May 1, 2003 Report Share Posted May 1, 2003 June gold +2.20 to 342/oz. miners still looking good. Seen the scenario vefore...whats your take on good times to enter? I assumed they market had more correlation but doesnt seem to work that way.. Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted May 1, 2003 Report Share Posted May 1, 2003 crapvision always on time w/ the #'s Link to comment Share on other sites More sharing options...
BeerMarket Posted May 1, 2003 Report Share Posted May 1, 2003 ISM 45.4, expected 47 March construction down 1% Link to comment Share on other sites More sharing options...
rog Posted May 1, 2003 Report Share Posted May 1, 2003 Construction Spending -1.0% versus +0.2%E Link to comment Share on other sites More sharing options...
Dharmaeye Posted May 1, 2003 Report Share Posted May 1, 2003 YES!!! Link to comment Share on other sites More sharing options...
Guest bidhitter Posted May 1, 2003 Report Share Posted May 1, 2003 Today is day 8 of the up cycle and with mid cycle highs in, it appears we could pullback further today before ramping back up into the end of the cycle. We should be finishing this cycle with massive divergences in the macd and Ds making this last rally a very saleable rally. Slow stoch (Ds) is declining here so a pullback is imminent today. ES Has been banging its head on the 919 high close this cycle and cannot put in another high. I look for the bears to take it down today for a corrective move. Below 910 and we get that move down to 905 and 900. Look for buying ops here. A move back over 917 should spark another shot at 921.50. A rejection here should not be fought as we could melt up to 926 and 932. Look for sales here. 935 is the upward target on strength. Neutral trading between 910 and 917. NQ Below 1104 and we get the corrective move going down to 1096 and 1086. Look for buying ops here. Only below 1073 do we lose the buy stature.A move back above 1113 and we try for 1119 and 1126. A break here is needed to get the green light up to 1136 and 1141. Don't fight this move. Neutral trading between 1104 and 1119. Dow 8521 continues to be the brick wall. Look for dow to try and hold 8400 today to keep higher hopes alive. Below here and we correct down to 8350. Look for buy ops here.A move above 8521 needs to confirm above 8565 to go with a rally. Neutral trading between 8400 and 8500. We are forming a very bearish pattern here on the daily charts which could lead to a major pullback over the next couple of months. I see new highs coming at the end of this cycle next week followed by a steep decline. Link to comment Share on other sites More sharing options...
Mr. Beal Posted May 1, 2003 Report Share Posted May 1, 2003 Nice pop in the VIX 24.69 Link to comment Share on other sites More sharing options...
PyurAureo Posted May 1, 2003 Report Share Posted May 1, 2003 Bears worst nightmare: What if the market keeps going up like AMGN, and never breaks off from its wedge?? For months and months and months? Could be a possibility. As long as we continue to see constant "breakouts" on stocks coming off of small bases. I'm still holding out for the BVF style resolution, a sharp break down from the wedge. What's a 'BVF' resolution? Link to comment Share on other sites More sharing options...
Guest Posted May 1, 2003 Report Share Posted May 1, 2003 Hearing a constant drum beat of how the greenman has successfully "reliquified" the system. That seems to indicate to many that Bubble Mania II is about to launch. Can the FED bring us back to buying hot IPO's of companies selling dog food over the internet? Link to comment Share on other sites More sharing options...
K Wave Rider Posted May 1, 2003 Report Share Posted May 1, 2003 Nice bearish engulfing on 30 min futures chart. now we just need to get under 910, AND stay there. Edit: Wow, it's falling faster than I can type. :grin: Link to comment Share on other sites More sharing options...
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