PyurAureo Posted July 10, 2003 Report Share Posted July 10, 2003 For those cheap seat stoolies. This guy has been good and he is free. http://www.eldinril.com He called for 985 as well. Tanks TheEnd, Haven't seen too many Posts from you lately. Maybe I?m not reading M2M enough. Where are you hanging out? Nice play on the SPX. I visited the Link that you provided for Eldinril Market Perspective, Cadence Trading Strategies LLC. Didn?t get a chance to review much of his stuff but he sure called today on the button. Link to comment Share on other sites More sharing options...
brian4 Posted July 10, 2003 Report Share Posted July 10, 2003 Agree with Greg- A fine, fine day it was! Still no fear QQV drops Vix belches a puny gain. Do we bounce here??? AH! the $64.- question-answer maybe (everyone expects one) maybe not! Subtle nuances are changing in the market-Bad news isn't being shrugged off anymore and good news is being ignored. News stories abound like "Iraq bill -4 Billion a month", Chinas eighth biggest trading partner in the world is Walmart" both from today plus refi's drop 21% and on and on- Joe Sixpack is starting to get uneasy. I didn't sell -still short and in the green with tight stops to ensure a profit, tomorrow will tell us, there maybe a small bounce but the trend has changed, the direction is down. I said last night look out riverboaters-when NazCrap turns it turns with a vengeance and it leads the way down-and indeed it did. The Bears are back in charge-Trade Safe! Link to comment Share on other sites More sharing options...
The End Posted July 10, 2003 Report Share Posted July 10, 2003 For those cheap seat stoolies. This guy has been good and he is free. http://www.eldinril.com He called for 985 as well. Tanks TheEnd, Haven't seen too many Posts from you lately. Maybe I?m not reading M2M enough. Where are you hanging out? Nice play on the SPX. I visited the Link that you provided for Eldinril Market Perspective, Cadence Trading Strategies LLC. Didn?t get a chance to review much of his stuff but he sure called today on the button. I post more than most. I stay away sometimes when the bulls on the board are jaggin off. It's like watch cnbs. Today was a good day fur us, so I'm lively, Plus I won't be around after Saturday night and feel the need to get my rocks off. Link to comment Share on other sites More sharing options...
richmtn Posted July 10, 2003 Report Share Posted July 10, 2003 Yes Wndy guidance is critical for the bulls. Any hint of flat numbers ahead will not play well with the 2nd half recovery crowd. Link to comment Share on other sites More sharing options...
DryDocker Posted July 10, 2003 Report Share Posted July 10, 2003 Best bet is to dump toilet papers and buy the Chinese currency since it?s pegged any dislocation will favors the Chinese side. Everbank now lets you park your cash in Chinese currency http://www.everbank.com/direct.asp?Idpage=pro_wc_aa_t1 Anybody think China will change their dollar peg soon? Link to comment Share on other sites More sharing options...
purdymouth Posted July 10, 2003 Report Share Posted July 10, 2003 Anybody think China will change their dollar peg soon? I think that will, politically, be very ssssssssssslllllllllllllllllloooooooooooooooooooooooooowwwwwwwwwwwww to happen Link to comment Share on other sites More sharing options...
Pee Brain Posted July 10, 2003 Report Share Posted July 10, 2003 Junipple jus gided nex kwartir flat. Luks liek a byeing opirtunitty! Strogn bye!! CMGI fan, you seem to be dead-on in your trading with junipple. what else do you like, i too want to become a saavy MOMO trader? is it too late to ride JDSU, LU and or WCOM (oops, have then gone BK yet)? got any canadian picks? Link to comment Share on other sites More sharing options...
PileDriver Posted July 10, 2003 Report Share Posted July 10, 2003 Give it up Riverboaters The jig is up I wouldn't push my luck at these levels Link to comment Share on other sites More sharing options...
purdymouth Posted July 10, 2003 Report Share Posted July 10, 2003 from today's Daily Reckoning: ----------------- How do you make money in this market? "Well, for the past few months," explained colleague Dan Denning, "you buy the worst stuff on the market. In our trading portfolio, for example, we've been buying tech stocks...goofy tech stocks...and we've been making a lot of money." Yesterday, the Dow fell 66 points. But the tech stocks have been leading this rally; the Nasdaq ended yesterday's session in the black. The smart money, and the insiders who have it, have been taking advantage of the situation; they've been getting out. Of course, for every seller there has to be a buyer. Who are these buyers? Whom should the insiders thank for taking the world's trashiest stocks off their hands? The lumpeninvestoriat! The moms and pops in mutual funds...the little guys...investors without a clue or a prayer. Bless their hearts... Link to comment Share on other sites More sharing options...
PileDriver Posted July 10, 2003 Report Share Posted July 10, 2003 "Bounces" ?! If you're lucky. Gonna be brief, few, and very short lived. Link to comment Share on other sites More sharing options...
longOnUranus Posted July 10, 2003 Report Share Posted July 10, 2003 I remember the 982 level quite well on the way up, I think Scott C. called it. Several other Stoolies today looked at 983-5 as key resistance. Doc's recent calls have been the best - tanks. I am inclined to think we'll get a run up towards 1000 before we get any more significant downside damage, although a pop into the 970's after the open tommorrow is possible. We have not had an unfilled downside gap in a while, and though we may have one now, such gaps create a sucking effect many Stoolies find unpleasant, tending to attract Asians, computer nerds and donut fanatics. Also, we now have 2 wild-card variables: bin-Laden capture (no big deal, IMO) and the Sadam-on-a-stick effect, which could be worth 50 or so SPX points. As such, I remain a hit-and-run daytrader, with only small (short) overnight positions. Lots of downside 2 or 3 sigmas lurking out there, but hey, it's summer. Don't look for 8,9 or 10 sigmas for another 6 weeks. I want to see the next rally, pursued with conviction, fail by violent death. My upside for deploying 100% of my trading funds short is 1060. If I'm wrong..there will always be another trade. Link to comment Share on other sites More sharing options...
CMGI_FAN Posted July 10, 2003 Report Share Posted July 10, 2003 CMGI fan, you seem to be dead-on in your trading with junipple. what else do you like, i too want to become a saavy MOMO trader? is it too late to ride JDSU, LU and or WCOM (oops, have then gone BK yet)? got any canadian picks? Sowry Peebrane, butt my traidin sistim iz popietery. Eye uze a cobinashun uf signalz taht incleud ichy parts uf miself (sowry, butt cant dyvulj sepifics, iffen yoo nowe wat eye meen!), win direkshun, an moon fazes. Link to comment Share on other sites More sharing options...
Guest Posted July 10, 2003 Report Share Posted July 10, 2003 GANG, THE CALL buying today allows for the first serious discussion of a top to this rally! No rally today because the put buyers did NOT go ape-sh*t on this sell-off--look at the indexes--they bought more calls than puts for a change except for the S&P500-but even that isn't almost even---manipulations in stocks only work if there are shorts to squeeze. 3:00 PM DJ--20,899-calls 15,691-puts 36,590-total S&P100-32,449-calls 24,688-puts 57,137 S&P500- 50,297-calls 58,538-puts 108,835 Since the March lows, there have been very few days like this! Link to comment Share on other sites More sharing options...
Guest Posted July 10, 2003 Report Share Posted July 10, 2003 LoU Great post Great plan Great line "there will always be another trade." Below is a Poster Blackbelt posted on Stooltrading this afternoon. http://www.despair.com/overconfidence.html Link to comment Share on other sites More sharing options...
seamus Posted July 10, 2003 Report Share Posted July 10, 2003 Anyone catch this? The governor of VA asked for lawmakers to pass an internet retail sales tax. Can't be good for the online sellers Link to comment Share on other sites More sharing options...
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