richmtn Posted December 16, 2002 Report Share Posted December 16, 2002 FF not really. They sold bonds Friday and Monday. I think there is some additional hot money floating around now. Plus a thousand other silly reasons. But reason has nothing to do with it. It's all part of the game. Link to comment Share on other sites More sharing options...
FeedFool Posted December 16, 2002 Report Share Posted December 16, 2002 feed: I have watched bonds for 20 years, it is the rare exception in all that time for stocks and bonds to be going opposite We are not living in a normal time. Higher yield is bearish for the stocks but it is also about keeping the turd afloat. Just watch bond then u will see. Link to comment Share on other sites More sharing options...
Hypertiger Posted December 16, 2002 Report Share Posted December 16, 2002 Ha ha ha when "the next wave" shows up, it might be the finisher offer. Jamming can produce rallies, smooth drops, and prolong tops. But after 3 years has not stopped debt deflation... And DEBT DEFLATION will be worse next year... Link to comment Share on other sites More sharing options...
BarBu Posted December 16, 2002 Report Share Posted December 16, 2002 Stocks Jump on Bargain-Hunting By Eric Gillin Staff Reporter 12/16/2002 04:07 PM EST Updated from 3:16 p.m. EST After ending last week on a down note, U.S. equities closed higher Monday as bargain-hunters took note of a bullish equity reallocation at Lehman Brothers. According to preliminary data, the Dow Jones Industrial Average added 193 points, or 2.3%, to 8627.19. The Nasdaq gained 37.91 points, or 2.8%, to 1400.33, and the S&P 500 gained 20 points, or 2.4%, to 910.36. Link to comment Share on other sites More sharing options...
Guest soup1 Posted December 16, 2002 Report Share Posted December 16, 2002 feed: how about we agree to disagree? Link to comment Share on other sites More sharing options...
simple guy Posted December 16, 2002 Report Share Posted December 16, 2002 Im going to have to say this again Markets move based on psychology, and changes in investor emotions. It has nothing or little to do with data or numbers, or whatever it is each day. If you learn E Waves reasonably well, you will eliminate most mistakes (not all) and understand when to enter and exit your trades on the indices. That said... below was Prechter's groups take on Friday night last week... This rally today although not expected by me, doesnt really screw me up because I can pretty much know when to re-enter a short position now by using Fibonacci and E Wave counts... If both the Dow and S&P rally above Wednesday's highs, then we may have to change our near-term opinion. These highs are 8625 in the Dow and 909 in the S&P. As long as they remain intact, we are bearish.; My take is Im staying out of the way for now... the direction will be down in q1 03 for sure, but short term this move up today indicates my option 2 is happening, which is Leg 1 down ended Friday... and leg 2 up will probably end soon.... but not quite yet.... Link to comment Share on other sites More sharing options...
FeedFool Posted December 16, 2002 Report Share Posted December 16, 2002 feed: how about we agree to disagree? soup1 Fine with me. We are all here to help each other out. Take care. Link to comment Share on other sites More sharing options...
richmtn Posted December 16, 2002 Report Share Posted December 16, 2002 Welcome to the stool BarBu. :wink2: "Stocks Jump on Bargain-Hunting" Now that is really funny. Honey you can't believe how much money I saved you by buying stocks today. And that fur coat was on sale downtown. Link to comment Share on other sites More sharing options...
simple guy Posted December 16, 2002 Report Share Posted December 16, 2002 Sorry... first italicized sentence was mine, last few were prechter's group. Note, the indices did not violate his stops... yet.... Link to comment Share on other sites More sharing options...
Guest Posted December 16, 2002 Report Share Posted December 16, 2002 CBOE P/C 3:00 PM CST Equity 0.96 Index 1.00 Overall 0.97 Link to comment Share on other sites More sharing options...
Slothrop Posted December 16, 2002 Report Share Posted December 16, 2002 Odd to see so much tech buying after such a negative take Barron's over the weekend. Usually that paper has an effect, but not today. Not just scam week, but we have a full moon on the way and then the soltice. All coming together. Link to comment Share on other sites More sharing options...
Guest Posted December 16, 2002 Report Share Posted December 16, 2002 Sorry... first italicized sentence was mine, last few were prechter's group. Note, the indices did not violate his stops... yet.... am i missing somthing? ....i show spx close of 910.41 ans dow close of 8627.40 Link to comment Share on other sites More sharing options...
PileDriver Posted December 16, 2002 Report Share Posted December 16, 2002 *** SCAM WEEK *** Today we screw the puts, tomorrow we screw the calls. And today is a perfect example of why I don't play the short term. Intermediate term signals *all* still pointing down HARD. Today is an exception day bucking the trend and will not last as a result. Link to comment Share on other sites More sharing options...
Guest soup1 Posted December 16, 2002 Report Share Posted December 16, 2002 As someone here mentioned it is all about time frames. One bad day? Of course they will always make to tough on the shorts. But how about the genus over on the long side( 99.5% of the population)? I still have a healthy positive return for the year. That is something the cats at fido or putnam sure can not claim. THink about what is like to be some herd following fund manager, just another 20+% losing year. Must keep it all in perspective. Link to comment Share on other sites More sharing options...
fxfox Posted December 16, 2002 Report Share Posted December 16, 2002 SCAM WEEK Today we screw the puts, tomorrow we screw the calls. the shorts must attack, thats for sure. DAX closed at 3205, res level is at around 3260/70, it will go there in the morning, cause they will pirce in that USA did go further up in last 2 hours (DAX closes at 2pm new york), exactly at that level it will be monster style overbought in the hourlies. That could be the starting point for a good downmove, i expect another test of 3000 in DAX this week. tomorrow should be interesting good night! Link to comment Share on other sites More sharing options...
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