BigWave Posted April 29, 2003 Report Share Posted April 29, 2003 Doc, Bought a couple of books yesterday. Now if I can only find the time to read them K-wave, Eagles in Houston on 6.18, tickets in hand. End- It ain't over till it's over, but very magnanimous of you. I like your style, now if only I could trade like you. Still position short KLAC and MU. Will add some SPY manana if we get the obligatory finger. Good luck all. Link to comment Share on other sites More sharing options...
Guest Posted April 29, 2003 Report Share Posted April 29, 2003 Housing supply sets a record Buyers might find bargains among the more than 9,000 homes for sale in Central Texas By Doug Wong AMERICAN-STATESMAN STAFF Tuesday, April 29, 2003 A record number of houses were on the market in Central Texas in March as sellers trying to catch an ebbing home market added nearly 3,400 houses to a growing inventory. A total of 9,219 houses were for sale, up 34 percent from a year ago. "I think we are beginning to see the effects of the cooling of the booming housing market we have seen over the past few years," said Jack Harris, a research economist at the Real Estate Center at Texas A&M University. "That inventory buildup is a significant thing. It's mainly significant for prices." Read More... Link to comment Share on other sites More sharing options...
The End Posted April 29, 2003 Report Share Posted April 29, 2003 A zoran update http://www.safehaven.com/Editorials/gayer/...042903gayer.pdf Big wave, Got the Doors in Cleveland for 6-21st :grin: Link to comment Share on other sites More sharing options...
Sphinxter Posted April 29, 2003 Report Share Posted April 29, 2003 Here's a golden rule of investing as learned at my grandfather's knee: "Gold and the dollar are linked. If the dollar goes up, gold will 100% of the time go down. It's simple, see. Gold trade is denominated in dollars so a stronger dollar means a weaker gold price. Oh, the flip side? What happens when the dollar goes down? Well when dollars go down well, uh, gold will, uh, it's complicated. See, it's supply and demand and things like that. Not the real stuff, but paper gold, I'm saying, so you can't expect the reverse correlation, now can you? Sort of like the market can run up 23 SPX points anytime it wants, but all declines hit a magic floor at about -10 SPX points. Did I say golden rule? It's house rules, son. That's what I meant." Link to comment Share on other sites More sharing options...
BigWave Posted April 29, 2003 Report Share Posted April 29, 2003 A zoran update http://www.safehaven.com/Editorials/gayer/...042903gayer.pdf Big wave, Got the Doors in Cleveland for 6-21st :grin: They came thru Houston about 3 weeks ago, didn't make it but I heard it was a great show. Saw the other day where the estate of his girlfriend is sueing to stop the tour. Guess they aren't in the revenue stream. Enjoy the show. Link to comment Share on other sites More sharing options...
The End Posted April 29, 2003 Report Share Posted April 29, 2003 Jim's Parents are suing as well. I hope they make it to june 21st. Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted April 29, 2003 Report Share Posted April 29, 2003 Here is a simple count. It predicts a failed 5th wave around the 11th, (BB's date). The fib time extensions are based on the peak of the A. Tomorrow is the 1.5 and could be the end. I think it gets dragged out till next week. The price fibs are based on this C being some percentage of the A. The intersection of the .78 price fib and the 1.62 time fib has a nice symmetry. Then down. Really down. Big down. Link to comment Share on other sites More sharing options...
wndysrf Posted April 29, 2003 Author Report Share Posted April 29, 2003 Stats on QueerLogic: Annualized 1st quarter "as good as it gets" revenue: $484 million Annualized 1st quarter "as good as it gets" PRO-FORMA net income: $120 million Market cap as of the close today: $3.9 billion Cup Size: 36EEEEE "In the end, the Riverboater chose the one with the largest breasts" Link to comment Share on other sites More sharing options...
joe sixpack bundy Posted April 29, 2003 Report Share Posted April 29, 2003 re. usd..... ....(un)fortunately, i've been around in the market for over 20 years now - started in august 80!......but i still got a good memory...... .....back in 87 i remember the "frustrating" time-period for most of the year into august ....almost every day the market sold-off......and came back late on the back of good old fashioned straigt "buy-programs" - gee....have we been swearing and sweating....a very"painful" experience.......equity markets were "dislocated" from the currency- and bond-markets for quite some time....... ...however, the usd continued its slide.....the bond market followed (thanks to the germans)....and as bond-yields went up through the roof.....the equity market collapsed.... ......i am wondering "why" bond-yields are still that low....intervention?....who knows, but it does not reflect the current expectation of an economic explosion in the second half of this year.......nor does it reflect the current debt situation of the u.s. govt. ....once bond-yields start to rise.....the slide can begin....until then, patience is required.... Link to comment Share on other sites More sharing options...
wndysrf Posted April 29, 2003 Author Report Share Posted April 29, 2003 Joe Sixpack: Al Green has been buying long dated Treasuries to keep the bond market propped up. That's why all his FEEDing and Repo Blasting has been creating new Keno Chips for the financial speculators, but at the same time it has been decreasing the M1 and M3 money supply. Roger Arnold at tfnn.com has been talking about this. This is the only way he can keep the bubble inflated. Link to comment Share on other sites More sharing options...
joe sixpack bundy Posted April 29, 2003 Report Share Posted April 29, 2003 ....i know, i know... ....but while history might not repeat itself, it is hard to believe that we haven't seen any "accidents" yet.....such an accident might come sooner than we think.....they can't manipulate the currency markets apart from"temporary" interventions......they won't be able to halt the decline in u.s. treasuries once the snowball starts to roll... .....keep my eyes on japan....i think the "trigger" will come from there.....it's past midnight in switzerland.... .....time to go home...... Link to comment Share on other sites More sharing options...
Guest Posted April 29, 2003 Report Share Posted April 29, 2003 Terror attack in Israel. Link to comment Share on other sites More sharing options...
GregFokker Posted April 29, 2003 Report Share Posted April 29, 2003 Zoran makes a good and ominous point: When everyone expects a top, it's guaranteed not to come. Witness the heroic spike in the intraday put to call ratio, starting at .41 and finishing at .91. I fear that Sloth's 970 SPX target is imminent. Link to comment Share on other sites More sharing options...
Guest The CoinGuy Posted April 29, 2003 Report Share Posted April 29, 2003 Hello Fellow Stoolies, Boy...been busy around here, haven't had much time to read or post. Sold Shorts @ 912, still holding swing long POS. Watching the $SPX as close as possible, looking for weakness. The LT downtrend chart makes me nervous closing this high on the monthly. We shall see. Basically overall, sitting flat, I've made quite a bit of my cash back from the QQQ hit, and I'm not going to give it back so easily this time. I was being a little complacent myself. Made so many "good" bearish calls in the last few years, I was being lulled to sleep with nice profits. So basically keeping on my toes... Currently watching for entry POS in the miners, and short entry POS in the $OEX, and $SPX. Good luck to all, The CoinGuy Link to comment Share on other sites More sharing options...
brian4 Posted April 29, 2003 Report Share Posted April 29, 2003 E Stool is right that was an exact retracement. K-Wave is right-divergences abound, Sloth is right SPX and VIX up together. We have completed an Ending Diagonal on the SPOO'S today at 924.24, we then came down tested trend and went back up for a goodnight KISS-it's over- read Zorans update just posted by THE END, I am SHORT and unhedged-I will hedge on a break of 925, don't think it will happen-it's ugly on the Island 56 of the top 100 down last I looked and I expect a strong downmove tomorrow. Trade Safe! Link to comment Share on other sites More sharing options...
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