LeeWhee Posted July 24, 2007 Report Share Posted July 24, 2007 While you guys are remembering 1997, I'm remembering 1967 and 77.? I was really surprised that no one recognized those Dow charts of 1972-74 over the weekend. Those patterns are indelibly etched in my brain for all time. Funny thing is that during my first 15 years of involvement with the market it swung both up and down, and the majority of stocks either did poorly, or went nowhere. It's probably why it's so difficult for me to get unqualifiedly and enthusiastically bullish.? My upbringing says that it can't last. 593144[/snapback] In those days the only charts over here were Hoppenstedt charts by country or general at about 35$ for one booklet per month And I had a tape recorder I put a clock on so that at midnight I could get the closing of the US market from the American Forces broadcast out of Germany Then by hand I would continue the charts for about three months and buy a new set 593173[/snapback] How well I remember. Here, we had Trendline, Mansfield, and Chartcraft (point and figure.) I kept my own charts on paper as well. In 1982, started charting with Metastock on an Apple IIe. Also that year I had a programmer at the brokerage firm I was with write a MACD charting program on the office mainframe that we could use on our terminals. We were state of the art at that time. We were preaching all about positive and negative divergences to a handful of institutional clients. Those were the days. 593179[/snapback] Sounds like heaven compared to the caveman days when they had to draw charts using stone and a chisel. Not to mention, schlock prices were only updated once every 500 years. And there was only one schlock to trade, Amalgamated Fire. When the ice age hit, Amalgamated Fire took off like a stuck ape. And when the iWheel was invented some millennia later, the bull market began in earnest. Link to comment Share on other sites More sharing options...
4shzl Posted July 24, 2007 Report Share Posted July 24, 2007 Stick-save in progress at BKX 109, the March07 low. Will it hold? Probably not. But potential scwang-support not much lower at 106 (Jul06 gap), 104 (Jun06 low) and 100-101ish (2006 low). 593176[/snapback] "Some anal cysts are concluding that a number of financial stocks have been excessively punished by the subprime lending crisis and think now is a good time for investors to seek bargains. Merrill Lynch upgraded insurer Genworth Financial to a buy rating, saying that concern about the firm's exposure to credit difficulties is being exaggerated by the market. anal cysts at Keefe Bruyette & Woods upgraded Evercore Partners to an outperform rating, saying the financial stock is undervalued by almost one-third." CrookWatch Link to comment Share on other sites More sharing options...
LeeWhee Posted July 24, 2007 Report Share Posted July 24, 2007 The bonks are pinned to 52-wk support. Gold schlocks pinned to 20-year resistance. The dinar pinned to 20-year support. SPX pivoting around ATHs. Fun-filled. Link to comment Share on other sites More sharing options...
Jimi Posted July 24, 2007 Report Share Posted July 24, 2007 While you guys are remembering 1997, I'm remembering 1967 and 77. I was really surprised that no one recognized those Dow charts of 1972-74 over the weekend. Those patterns are indelibly etched in my brain for all time. Funny thing is that during my first 15 years of involvement with the market it swung both up and down, and the majority of stocks either did poorly, or went nowhere. It's probably why it's so difficult for me to get unqualifiedly and enthusiastically bullish. My upbringing says that it can't last. 593144[/snapback] In those days the only charts over here were Hoppenstedt charts by country or general at about 35$ for one booklet per month And I had a tape recorder I put a clock on so that at midnight I could get the closing of the US market from the American Forces broadcast out of Germany Then by hand I would continue the charts for about three months and buy a new set 593173[/snapback] How well I remember. Here, we had Trendline, Mansfield, and Chartcraft (point and figure.) I kept my own charts on paper as well. In 1982, started charting with Metastock on an Apple IIe. Also that year I had a programmer at the brokerage firm I was with write a MACD charting program on the office mainframe that we could use on our terminals. We were state of the art at that time. We were preaching all about positive and negative divergences to a handful of institutional clients. Those were the days. 593179[/snapback] Sounds like heaven compared to the caveman days when they had to draw charts using stone and a chisel. Not to mention, schlock prices were only updated once every 500 years. And there was only one schlock to trade, Amalgamated Fire. When the ice age hit, Amalgamated Fire took off like a stuck ape. And when the iWheel was invented some millennia later, the bull market began in earnest. 593180[/snapback] Link to comment Share on other sites More sharing options...
DrStool Posted July 24, 2007 Report Share Posted July 24, 2007 While you guys are remembering 1997, I'm remembering 1967 and 77. I was really surprised that no one recognized those Dow charts of 1972-74 over the weekend. Those patterns are indelibly etched in my brain for all time. Funny thing is that during my first 15 years of involvement with the market it swung both up and down, and the majority of stocks either did poorly, or went nowhere. It's probably why it's so difficult for me to get unqualifiedly and enthusiastically bullish. My upbringing says that it can't last. 593144[/snapback] In those days the only charts over here were Hoppenstedt charts by country or general at about 35$ for one booklet per month And I had a tape recorder I put a clock on so that at midnight I could get the closing of the US market from the American Forces broadcast out of Germany Then by hand I would continue the charts for about three months and buy a new set 593173[/snapback] How well I remember. Here, we had Trendline, Mansfield, and Chartcraft (point and figure.) I kept my own charts on paper as well. In 1982, started charting with Metastock on an Apple IIe. Also that year I had a programmer at the brokerage firm I was with write a MACD charting program on the office mainframe that we could use on our terminals. We were state of the art at that time. We were preaching all about positive and negative divergences to a handful of institutional clients. Those were the days. 593179[/snapback] Sounds like heaven compared to the caveman days when they had to draw charts using stone and a chisel. Not to mention, schlock prices were only updated once every 500 years. And there was only one schlock to trade, Amalgamated Fire. When the ice age hit, Amalgamated Fire took off like a stuck ape. And when the iWheel was invented some millennia later, the bull market began in earnest. 593180[/snapback] How well I remember. Link to comment Share on other sites More sharing options...
cwd Posted July 24, 2007 Report Share Posted July 24, 2007 Deflation and major correction around the corner? Pump and Dump It all seems too obvious. 593175[/snapback] Didn't GS make a 100 dollar/barrell call about a year ago just prior to the last top? Link to comment Share on other sites More sharing options...
Benny Hoo Hoo Posted July 24, 2007 Report Share Posted July 24, 2007 Bear trap set. Check. Bears take bait. Check. Green close. Check. How much easier can it get? Link to comment Share on other sites More sharing options...
LeeWhee Posted July 24, 2007 Report Share Posted July 24, 2007 While you guys are remembering 1997, I'm remembering 1967 and 77.? I was really surprised that no one recognized those Dow charts of 1972-74 over the weekend. Those patterns are indelibly etched in my brain for all time. Funny thing is that during my first 15 years of involvement with the market it swung both up and down, and the majority of stocks either did poorly, or went nowhere. It's probably why it's so difficult for me to get unqualifiedly and enthusiastically bullish.? My upbringing says that it can't last. 593144[/snapback] In those days the only charts over here were Hoppenstedt charts by country or general at about 35$ for one booklet per month And I had a tape recorder I put a clock on so that at midnight I could get the closing of the US market from the American Forces broadcast out of Germany Then by hand I would continue the charts for about three months and buy a new set 593173[/snapback] How well I remember. Here, we had Trendline, Mansfield, and Chartcraft (point and figure.) I kept my own charts on paper as well. In 1982, started charting with Metastock on an Apple IIe. Also that year I had a programmer at the brokerage firm I was with write a MACD charting program on the office mainframe that we could use on our terminals. We were state of the art at that time. We were preaching all about positive and negative divergences to a handful of institutional clients. Those were the days. 593179[/snapback] Sounds like heaven compared to the caveman days when they had to draw charts using stone and a chisel. Not to mention, schlock prices were only updated once every 500 years. And there was only one schlock to trade, Amalgamated Fire. When the ice age hit, Amalgamated Fire took off like a stuck ape. And when the iWheel was invented some millennia later, the bull market began in earnest. 593180[/snapback] How well I remember. 593184[/snapback] If I recall, weren't you short FIRE and WHEEL, Doc? What a short squeeze that was. Link to comment Share on other sites More sharing options...
Jetlag Posted July 24, 2007 Report Share Posted July 24, 2007 Deflation and major correction around the corner? Pump and Dump It all seems too obvious. 593175[/snapback] Didn't GS make a 100 dollar/barrell call about a year ago just prior to the last top? 593185[/snapback] That analcyst call is making a dent on black gold, I'm waiting for the Gloomberg survey before jumping to conclusions although oil looks slippery. Link to comment Share on other sites More sharing options...
LeeWhee Posted July 24, 2007 Report Share Posted July 24, 2007 Deflation and major correction around the corner? Pump and Dump It all seems too obvious. 593175[/snapback] Didn't GS make a 100 dollar/barrell call about a year ago just prior to the last top? 593185[/snapback] Goldman's Sac predicterated $105 earl back on March 30, 2005. Their timeframe was "by 2007." Earl was trading at $58 at the time. The 3/30/05 report marked a s/t peak in the price of earl. It declined for two months and made a bottom at $48 by the end of May. http://www.businessweek.com/bwdaily/dnflas...050427_2905.htm Link to comment Share on other sites More sharing options...
potatohead Posted July 24, 2007 Report Share Posted July 24, 2007 While you guys are remembering 1997, I'm remembering 1967 and 77. I was really surprised that no one recognized those Dow charts of 1972-74 over the weekend. Those patterns are indelibly etched in my brain for all time. Funny thing is that during my first 15 years of involvement with the market it swung both up and down, and the majority of stocks either did poorly, or went nowhere. It's probably why it's so difficult for me to get unqualifiedly and enthusiastically bullish. My upbringing says that it can't last. 593144[/snapback] In those days the only charts over here were Hoppenstedt charts by country or general at about 35$ for one booklet per month And I had a tape recorder I put a clock on so that at midnight I could get the closing of the US market from the American Forces broadcast out of Germany Then by hand I would continue the charts for about three months and buy a new set 593173[/snapback] How well I remember. Here, we had Trendline, Mansfield, and Chartcraft (point and figure.) I kept my own charts on paper as well. In 1982, started charting with Metastock on an Apple IIe. Also that year I had a programmer at the brokerage firm I was with write a MACD charting program on the office mainframe that we could use on our terminals. We were state of the art at that time. We were preaching all about positive and negative divergences to a handful of institutional clients. Those were the days. 593179[/snapback] Sounds like heaven compared to the caveman days when they had to draw charts using stone and a chisel. Not to mention, schlock prices were only updated once every 500 years. And there was only one schlock to trade, Amalgamated Fire. When the ice age hit, Amalgamated Fire took off like a stuck ape. And when the iWheel was invented some millennia later, the bull market began in earnest. 593180[/snapback] How well I remember. 593184[/snapback] If I recall, weren't you short FIRE and WHEEL, Doc? What a short squeeze that was. 593187[/snapback] If I remember correctly Goldman Sachs bought all the rights and royalties for Fire. I believe they are using that as collateral for their leverage. Only one problem, the whole thing could go up in smoke. Link to comment Share on other sites More sharing options...
LeeWhee Posted July 24, 2007 Report Share Posted July 24, 2007 New all-time low on XHB (homebubblas). Link to comment Share on other sites More sharing options...
linrom Posted July 24, 2007 Report Share Posted July 24, 2007 Look what my favorite chop house is passing off as research. I love their target price of $50. Check out those 2008E earnings of $5 per share. Link to comment Share on other sites More sharing options...
LeeWhee Posted July 24, 2007 Report Share Posted July 24, 2007 While you guys are remembering 1997, I'm remembering 1967 and 77.? I was really surprised that no one recognized those Dow charts of 1972-74 over the weekend. Those patterns are indelibly etched in my brain for all time. Funny thing is that during my first 15 years of involvement with the market it swung both up and down, and the majority of stocks either did poorly, or went nowhere. It's probably why it's so difficult for me to get unqualifiedly and enthusiastically bullish.? My upbringing says that it can't last. 593144[/snapback] In those days the only charts over here were Hoppenstedt charts by country or general at about 35$ for one booklet per month And I had a tape recorder I put a clock on so that at midnight I could get the closing of the US market from the American Forces broadcast out of Germany Then by hand I would continue the charts for about three months and buy a new set 593173[/snapback] How well I remember. Here, we had Trendline, Mansfield, and Chartcraft (point and figure.) I kept my own charts on paper as well. In 1982, started charting with Metastock on an Apple IIe. Also that year I had a programmer at the brokerage firm I was with write a MACD charting program on the office mainframe that we could use on our terminals. We were state of the art at that time. We were preaching all about positive and negative divergences to a handful of institutional clients. Those were the days. 593179[/snapback] Sounds like heaven compared to the caveman days when they had to draw charts using stone and a chisel. Not to mention, schlock prices were only updated once every 500 years. And there was only one schlock to trade, Amalgamated Fire. When the ice age hit, Amalgamated Fire took off like a stuck ape. And when the iWheel was invented some millennia later, the bull market began in earnest. 593180[/snapback] How well I remember. 593184[/snapback] If I recall, weren't you short FIRE and WHEEL, Doc? What a short squeeze that was. 593187[/snapback] If I remember correctly Goldman Sachs bought all the rights and royalties for Fire. I believe they are using that as collateral for their leverage. Only one problem, the whole thing could go up in smoke. 593190[/snapback] I think you are correct. Of course, back then Goldman was known as Ogg Brothers. Link to comment Share on other sites More sharing options...
lineup32 Posted July 24, 2007 Report Share Posted July 24, 2007 have significant cash in a 401K account and looking to put it to work in this fund. any comments welcome. Link to comment Share on other sites More sharing options...
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