fxfox Posted January 29, 2003 Report Share Posted January 29, 2003 hope you are right, really really hope you are right SG! am short DAX, low this morning was 2564, i didnt cover, waited for the test of the october low at 2520. Now DAX at 2648, it rallied thru the 38, 50 and 62 retrace of todays move. I am nervous as a wrack, if we rally big time i am dead thats for sure. :cry: Link to comment Share on other sites More sharing options...
chibear Posted January 29, 2003 Report Share Posted January 29, 2003 Thanks, Drano. Went temporarily insane with laughter. Your list is already emailed to everyone I thought of who needs it too. Link to comment Share on other sites More sharing options...
simple guy Posted January 29, 2003 Report Share Posted January 29, 2003 FX My interpretation is the pattern on the QQQ completed at 25.05 late yesterday. Perfect ABC configuration, the hallmark of a wave 2 retrace. Perfect fibonacci targets hit all afternoon long on the 5 waves to the top. P/C ratios low yesterday Everyone assuming war will end in 2 days... amazes me. Even Schwarzkopf (spelling?) said so this morning it would be over fast... Now apparently some futures jam?? Guess what, any jam will be SWIFTLY re-traced by 1030 am this morning, shorted, sold, etc.... I could be wrong, but I aint sitting around worry about that... Link to comment Share on other sites More sharing options...
simple guy Posted January 29, 2003 Report Share Posted January 29, 2003 Gang, any ramp this morning has max pain of 25.14, but I dont see it... Its a trap... Link to comment Share on other sites More sharing options...
fxfox Posted January 29, 2003 Report Share Posted January 29, 2003 tanks SG! i think exactly the same, if the jamming goes on todays downmove will even be harder, expect a low p/c ratio, boys will use that to short the shit outda sheeple. Was just a bit nervous, causei could have 100 points in DAX more in the sack, maybe next time just use a stop to protect profits you da man! Link to comment Share on other sites More sharing options...
longOnUranus Posted January 29, 2003 Report Share Posted January 29, 2003 I would expect some downward acceleration after FED announcement - everyone will realize the FED is now powerless: whether they do anything with rates is irrelevant, or will make matters worse.. My only question is EOM jam, but I thinks (As WYNDY mentioned yesterday) the bulls are cashed out and over-leveraged with call options. May negate the "DoverSole" b.s. Link to comment Share on other sites More sharing options...
crooked_analyst Posted January 29, 2003 Report Share Posted January 29, 2003 My hope is that this early A.M. jam job is for the benefit of Da Boys so that they can slide out before John Q. realizes that the truck doesn't have any brakes. Link to comment Share on other sites More sharing options...
Guest Posted January 29, 2003 Report Share Posted January 29, 2003 I pointed this out yesterday as it was happening, we got poor mileage in price movement for the drop in the VIX: SOURCE: 21st Century Alert (SUBSCRIPTION SERVICE) "It was hard to take yesterday's "rally" too seriously, if you had an eye on the VIX. While the OEX managed to scratch, claw, and fight its way to a modest 5.2 point gain, the VIX plunged 4.2 points. That's almost a point for point correspondence between the movement in the VIX and the OEX. That's terrible price "mileage" to get while burning up over 4 crucial VIX points. ...the VIX dropped 10.6% while the OEX managed to climb only 1.2%. Not good, if you're bullish. Instead" Link to comment Share on other sites More sharing options...
fxfox Posted January 29, 2003 Report Share Posted January 29, 2003 My hope is that this early A.M. jam job is for the benefit of Da Boys so that they can slide out before John Q. realizes that the truck doesn't have any brakes. it is made BY da boys FOR da boys, the only question is how high they will jam it. Link to comment Share on other sites More sharing options...
longOnUranus Posted January 29, 2003 Report Share Posted January 29, 2003 we closed futures yest at a 4pt discount to cash, still down a respectable amount. My gut says there will be no jam. Link to comment Share on other sites More sharing options...
Charliss Posted January 29, 2003 Report Share Posted January 29, 2003 Good morning bears....nice to be here with everyone. Link to comment Share on other sites More sharing options...
GregFokker Posted January 29, 2003 Report Share Posted January 29, 2003 Same here, Charliss. Yields pretty flat, TRINQ pretty flat, QQV up a bit. Link to comment Share on other sites More sharing options...
Charliss Posted January 29, 2003 Report Share Posted January 29, 2003 NCEN- Direwolf made a good call on yesterday's short Link to comment Share on other sites More sharing options...
The End Posted January 29, 2003 Report Share Posted January 29, 2003 Broke out of that bear flag pretty good. :grin: Link to comment Share on other sites More sharing options...
seamus Posted January 29, 2003 Report Share Posted January 29, 2003 Fed in with o/n repos... New lows here we come Link to comment Share on other sites More sharing options...
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