simple guy Posted January 31, 2003 Report Share Posted January 31, 2003 Some prime example here of the Media trying to call the play after it has occured by interpreting the news. U.S. stocks appear to be headed for a higher open on Friday on a boost in consumer spending and hope for a coming resolution on the brewing war with Iraq. If the futures were down it would read: U.S. Stocks set to fall due to relatively lackluster consumer holiday spending, and the concern over the looming war with IRAQ keeps investors on the sidelines. ... as you can see, my interpretation was made prior to this news, prior to looking at futures etc.... the wave patterns simply told me to expect a mild bounce this morning, because the collective social mood is ready to interpret the news as positive this morning. This positive view will last about 30 minutes or less... And then, the press will read tonight: U.S. Stocks sold off again for a 2nd consecutive day as investors become more concerned with lack of consumer spending and confidence, and the growing concern over the war with IRAQ. Hey, what do I know? Link to comment Share on other sites More sharing options...
GregFokker Posted January 31, 2003 Report Share Posted January 31, 2003 AMAT just warned that orders are 35% below Q4 levels. Link to comment Share on other sites More sharing options...
fxfox Posted January 31, 2003 Report Share Posted January 31, 2003 fokker, thats old news, i heard it hours ago on the radio. Of course it were talibans, who else should be it, if that was the futures mover, then i dont get it. Link to comment Share on other sites More sharing options...
mksloth Posted January 31, 2003 Report Share Posted January 31, 2003 All the usual suspects are down big - NVLS (-2.90), KLAC (-1.9x) DELL (-0.5x), and my new favorite, XLNX (-0.8x). What is the equivalent of the "tip of a hat" to somebody with a screen name such as "Mousey Dung". Not to forget Charliss... Link to comment Share on other sites More sharing options...
robinhoodlum Posted January 31, 2003 Report Share Posted January 31, 2003 thank u sg!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
fxfox Posted January 31, 2003 Report Share Posted January 31, 2003 i meant: Yes the guys at AMAT are all talibans! my previous post belonged to the "18 dead in afghanisatan news." Link to comment Share on other sites More sharing options...
sweefraapp Posted January 31, 2003 Report Share Posted January 31, 2003 Fxfox: Your ambassador is getting grilled on crapvision. I wish they would interview business guests with the same gusto. (Please Stoolies - no political intent here) Link to comment Share on other sites More sharing options...
razf1 Posted January 31, 2003 Report Share Posted January 31, 2003 apparently N.K. is bringing nuclear fuel rods out of storage. Link to comment Share on other sites More sharing options...
GregFokker Posted January 31, 2003 Report Share Posted January 31, 2003 fokker, thats old news, i heard it hours ago on the radio. Of course it were talibans, who else should be it, if that was the futures mover, then i dont get it. Either that or they found out that Machinehead is back on the scene :grin: Link to comment Share on other sites More sharing options...
Takachi Posted January 31, 2003 Report Share Posted January 31, 2003 Looks like Door #1 for SG's wave options. 24.34 is already gone and the market hasn't opened. I hate it when this happens because I know I should just take the money on the open and retire for the day. But I never do. Link to comment Share on other sites More sharing options...
longOnUranus Posted January 31, 2003 Report Share Posted January 31, 2003 less than 1B orders (not revenue) for a vastly overvalued company. QQQ at <20 looking better by the minute. Maria with pastel browns on and a cleavage coat; a bit swollen in the eyelids. Maria not ready for today's market, methinks. Link to comment Share on other sites More sharing options...
MrHanky Posted January 31, 2003 Report Share Posted January 31, 2003 any decent open lower is a huge breech of many charts...futures did cliff dive,lets see if they but the open aggresively or not. If they don't...we could have a waterfall event unfold Link to comment Share on other sites More sharing options...
GregFokker Posted January 31, 2003 Report Share Posted January 31, 2003 CVX missed by .29. Link to comment Share on other sites More sharing options...
Bearbones Posted January 31, 2003 Report Share Posted January 31, 2003 Louise Yamada, technical anal cyst at SSB, put out a report saying that the conclusion of the impending war will not reverse the bear market. Her analysis of previous wars shows that the trend in place prior to the war remains intact afterwards. Link to comment Share on other sites More sharing options...
Guest Posted January 31, 2003 Report Share Posted January 31, 2003 Just read Sandspring Advisors recent blurb. They do not expect a big drop from these levels. They do expect a relief rally around Feb 6 (Bradley date also) which coincides with Feb 5 "Vyden Cycle" date. ??? Does anyone know what a "Vyden Cycle" is ??? Ormsby : Link to comment Share on other sites More sharing options...
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