Guest Posted February 5, 2003 Report Share Posted February 5, 2003 . . SG says 24.49 was a brief AH print last night on QQQ, it closed below that though... SG again says 985 is max NDX retrace, or 24.49... The poster will go unnamed, but one of the stoolies is an almost contrarian indicator when he-she gets nervous about a pump, ... thats emotions getting in the way there... E waves take those out to the garbage where they belong. You never make money trading on emotions... period... watching the futures, or pre market, or after hours is a waste of time. Understanding the pattern of the waves allows me to realize its all noise and the pattern will continue in my favor ultimately... any upside here is short, brief, and over fast... Weight is to the downside, we may have already filled the NDX gap last night, we shall see... Thursday and Friday should begin a hard downturn. The 6% down day is nigh... Speaking for myself, there are times, sometimes long periods of times I don't even have my quotes running - I fully believe in and practice what Pile said the other day regarding the principle of Management by Exception. Prevents me from developing a case of uptick-downtick mentality which if it did, of course, would preclude me from making these twice a day offerings to you. Link to comment Share on other sites More sharing options...
PileDriver Posted February 5, 2003 Report Share Posted February 5, 2003 uh, oh, I better cover, we're at the beginning of a new bull run. Depends, wake me up when we get there...thanks. Link to comment Share on other sites More sharing options...
Guest Posted February 5, 2003 Report Share Posted February 5, 2003 This rally is bulls..t, pisses me off Link to comment Share on other sites More sharing options...
Miss Moneypenny Posted February 5, 2003 Report Share Posted February 5, 2003 Double Flush, We learned yesterday that the PCR Giant Turd formation has the bears crapping! So I guess now the key question is -- does the Giant Squid devour the bulls or the bears? Link to comment Share on other sites More sharing options...
simple guy Posted February 5, 2003 Report Share Posted February 5, 2003 Can I get an amen to the start of this thread?? That said, SG simply realizes the retrace is higher than I expected. When have you heard this before in the past 7 days??? heh heh Fibo retraces on E waves are usually... 38.2, 50, 61.8, or 78.6% of a prior leg down. 24.88 is a 61.8% FIBO retrace , we got within 2 cents. Why was I off today??? Because I only expected a 38.2 retrace... So, big deal... I can allow for higher retraces and I wont get scared and cover here... this is typical wave topping action... Hysterical action that even makes the E waves tricky... but not my emotions... Im sitting tight.... Link to comment Share on other sites More sharing options...
AgentSmith Posted February 5, 2003 Report Share Posted February 5, 2003 Just gave them 500 more AMZN at 22.45. Nothing has changed. AgentSmith Link to comment Share on other sites More sharing options...
Guest Posted February 5, 2003 Report Share Posted February 5, 2003 Short MKSI here, with my fingers trembling Link to comment Share on other sites More sharing options...
Guest Posted February 5, 2003 Report Share Posted February 5, 2003 Rising Wedges on Jokes and Spoos intra-day? SG, when prices rise, Doc adjusts his CMAPS upwards. How come you are lowering targets? Link to comment Share on other sites More sharing options...
PileDriver Posted February 5, 2003 Report Share Posted February 5, 2003 good one Miss MoneyP Could you just imagine buying crappy stocks at these levels right now thinking you were going to become rich. Link to comment Share on other sites More sharing options...
simple guy Posted February 5, 2003 Report Share Posted February 5, 2003 P.S. My target just lowered near term to 22.28 from 22.49 ish... Note... my targets keep lowering, not going up... Another gift Link to comment Share on other sites More sharing options...
realist Posted February 5, 2003 Report Share Posted February 5, 2003 Wave 3s are notorious for the volatile whipsaw activity no? Up +20 one session, down -35 the next, all intended to blow out the shorts and suck in the longs. I've got a trained stomach for this now and fully take advantage of every opportunity that presents itself. Seperates the sheep from wolf IMO.. Link to comment Share on other sites More sharing options...
Fartpolio Manager Posted February 5, 2003 Report Share Posted February 5, 2003 that was a blowoff... looks done for now. Link to comment Share on other sites More sharing options...
MrHanky Posted February 5, 2003 Report Share Posted February 5, 2003 no fear here....JUST EXTREMELY PISSED OFF. these huge reversals make everyone buy even heavier on the dip though.they may have put off the ineveitable another week if we hold today. Link to comment Share on other sites More sharing options...
MyGoldenStool Posted February 5, 2003 Report Share Posted February 5, 2003 OT- Can anyone recommend a downloadable pop-up killer? Seems the wife downloaded a MS "upgrade" which is hammering me with pop-up ads from every conceivable angle. TIA Link to comment Share on other sites More sharing options...
PileDriver Posted February 5, 2003 Report Share Posted February 5, 2003 Wave 3s are notorious for the volatile whipsaw activity no? Up +20 one session, down -35 the next, all intended to blow out the shorts and suck in the longs. I've got a trained stomach for this now and fully take advantage of every opportunity that presents itself. Seperates the sheep from wolf IMO.. yepper, will be a real white-knuckler. Link to comment Share on other sites More sharing options...
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