Guest Posted February 10, 2003 Report Share Posted February 10, 2003 Good morning, everyone. On Saturday I found a mailing, addressed to Nancy, from the National Anti-Vivisection Society (www.navs.org), an organization dedicated to the establishment of a cruelty-free world. It was lying on the dining room table, already opened, so I read it. Among other things it talked about how they were able to help build a habitat for 23 monkeys retired from research who had been languishing in a medical facility in Michigan. Quoting what they wrote about this: Now, some of the 1,600 medically retired chimps in government research facilities will be able to spend the rest of their lives in a more natural setting on a sanctuary in Shreveport, Louisiana. If you've ever seen video footage of newly retired chimpanzees, you know how deeply touching this is. Two chimps that had spent five years in separate cages next to each other cautiously emerged . . . stepped on grass for the first time in their lives . . . slowly walked over to each other . . . and then gave each other a hug. I've commented a number of times prior that the other creatures of this planet can be among out greatest teachers, if we but give them the chance. They can enrich our lives emotionally and spiritually as they provide us with lessons in things such as the power of unconditional love (those of us here who have given and received IP have already experienced and can relate to this power), something that we humans, as stewards of this third planet from the sun, frequently lose sight of in our often single-minded pursuit of things that in the end turn out to be ephemeral rather than eternal and totally disconnected from Spirit. Which brings me back once again to one of the things Doc said on Thursday afternoon: If your motivation for doing this isn't simply that you love it, then stop, and spend your time at something you do love. You'll be a lot happier and you will be serving the universe. I was very touched by this for the reasons given in my AM opening commentery on Friday. I was also deeply touched by what he wrote in the 1/31/03 Anals entitled Reaching For the Stars about heroes and Wall Street and the pursuit of dreams. This is something so inspiring that I have copied and pasted it to my own permanent files. I highly recommend you do the same 'cause it puts a lot of things in their proper perspective, perspective that can so easily be lost in the heat of a short term market rally or decline that goes against one's expectations. Despite the fact that Doc is pursuing his own dream in the creation and growth of this community, he poses the question in that writing whether pursuing a dream in this area is trivial or not. My answer to him is that no dream is trivial if one loves what he's doing and is coming from the spirit of service to others. It doesn't really matter what it is. If you are in alignment with Spirit doing what you're doing, then you're supposed to be doing it because your contribution to the lives of other people will in fact be significant and profound; you will be making a difference. Doc's dream is already making a difference for many and I'm honored to be one of the people assisting him in this. And to complete the circle back to how I began this commentary, know that even though our main focus here is financial, in a much higher sense it also serves as the vehicle for our connectedness and energy exchange which can, if we allow it, provide context and support for our own emotional and spiritual growth despite (or because?) of our day by day journey through a most challenging environment. And this process of our becoming centered and aligned with Spirit will not only support our doing right financially for ourselves and our families, it will also, through our beingness and example, pass this wonderful gift on to our loved ones and friends which, in turn, is something they can ultimately pass on to the other people they themselves care about . . . And maybe, just maybe, through the interconnected web of life that we are all a part of, this world of ours will eventually work better as a result. Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2003 Report Share Posted February 10, 2003 Every day, Glad comes here to open the IDS threads with poignant or humorous messages of inspiration. They set a tone that helps us to stay centered, and remember what's important, surely different from the typical trading message board. It's part of what sets us apart. I believe it's part of what helps you be successful in this game. What he does takes time and effort. He does it as a volunteer. I'd like to give Glad some recognition by posting this button! It's a way to allow you to send Glad a token of your appreciation, and at the same time support the continued operation of your message board. Two thirds of your gift will go to Glad as thanks for his hard work and thoughtful contribtuions to our success every day. The balance will go toward the monthly cost of maintaining, serving, and adminstering your Stool Pigeons Wire. Costs which have grown expoentially as the board has grown. I know that Glad will appreciate hearing from you, and I will too! Long live Intraday Stool. Long live Gladiator! Many tanks! Doc Link to comment Share on other sites More sharing options...
GregFokker Posted February 10, 2003 Report Share Posted February 10, 2003 The US Dollar Credit: http://quotes.ino.com Gold Credit: http://cdchart.innovative-software.com NDX futures (delayed) Credit: http://www.livecharts.com SPX futures (delayed) Credit: http://www.livecharts.com Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2003 Report Share Posted February 10, 2003 Your Stoolwethers are updated. Suctor watch to follow by 9 AM. NY time. Link to comment Share on other sites More sharing options...
Charliss Posted February 10, 2003 Report Share Posted February 10, 2003 Good morning group.... The web expands..complexity multiplies.. BERLIN (Dow Jones)--Citigroup © unit Citigroup Venture Capital Equity Partners plans to buy German automation technology firm Moeller for about EUR100 million, Die Welt reports, citing company sources. Moeller, which owns energy technology firm Felten & Guilleaume (G.FUG), has annual sales of EUR1.2 billion and some 12,000 employees, the paper says. Bonn-based Moeller is revamping after expansion sparked financial problems, Die Welt says. Link to comment Share on other sites More sharing options...
anjing bau Posted February 10, 2003 Report Share Posted February 10, 2003 Gann ...........954 high squares in price with 790........ Used to like when Black Belt chimed in with his Gann updates........... Link to comment Share on other sites More sharing options...
GregFokker Posted February 10, 2003 Report Share Posted February 10, 2003 Yields open up- selling in t-bills. Link to comment Share on other sites More sharing options...
anjing bau Posted February 10, 2003 Report Share Posted February 10, 2003 924 to 768 took 21 days 954 to 869 took 20 days 935 to ? ...790.... 18 days so far...... My estimate is to close out the shorts on tuesday 3:30 pm if we get near the 790 tgt..... Link to comment Share on other sites More sharing options...
anjing bau Posted February 10, 2003 Report Share Posted February 10, 2003 if we get the 790+/- on tues day i look for an 8 day rally through O/E up to 840+/- ( maybe even 860).... followed by 3 weeks down ending March 13th at a price of 765 ( maybe even 725) Link to comment Share on other sites More sharing options...
simple guy Posted February 10, 2003 Report Share Posted February 10, 2003 SG with some BEARISH indicators this AM One of the Simple Guy methods is to see what they roll out on Bloomberg TV early in the AM on Monday, and generally, stocks go contrary to the takes being presented. In a 5 minute span at 830 this am, this is what I saw: 1. HUGE NEWSFLASH a few times. Bank of America top strategist increases stock weighting to 75%!!!!!!!!!!!! Bonds go to 15 from 20%. Believes stocks will rally once confict resolved (uh... ok, thanks) 2. Interview with a trader on the floor. Says the SP500 will probably sit at 834 all week long.... consolidate... (uh... no) 3. The dumb woman host says... Greenspan talks on Tuesday, so he will probably not say anything negative about the economy... (uh... actually, he probably will) 4. They mentioned Bill Nasgovitz, the value specialist manager at Heartland funds. Bill says due to "bearish indicators".... and the fact that Oil and Gold have risen, makes him bullish on stocks.... (Bearish indicators bill??) SG reflects.... first.... latest Investor's intelligence survey has Bulls still at 47 vs 29 for the Bears.... (Down from 51 to 26 prior week, but certainly not bearish). Earnings estimates continue to drop like a stone almost weekly... We are in a 3rd wave here... and let me remind you all... this wont be a sideways week.... au contraire, its going to start heading down hard again shortly.... probably right after Greenspan speaks... if anyone even listens to that drooling baboon anymore.... More takes later... prepare for a down day... Any upside on the futures is not worth wasting your time watching.... 23.19 remains Near Term target on QQQ index.... Link to comment Share on other sites More sharing options...
simple guy Posted February 10, 2003 Report Share Posted February 10, 2003 And now, Briefing.com also duplicates Bloomberg Top Stories Stocks poised to bounce as BofA ups equity allocationMon 8:33am ET - CBS MarketWatch U.S. share markets were poised to bounce slightly at Monday's open off multi-month lows hit on Friday, but sparse activity and ongoing concerns over the developing Iraq situation made the outlook anything but certain. What it should say: Some dumbass at BOA wants retail investors to toss some more money their way so they can continue to short baskets of overvalued paper assets. The multi-month lows are only a mild harbinger of things to come in this 3rd ugly wave down. IRAQ has nothing to do with the price of tea in china, but we will talk about it incessantly. Also, nobody but the media is really listening to BOA anal cysts. ,,, as long as these games continue on wall street... the bear market is fully intact... Link to comment Share on other sites More sharing options...
anjing bau Posted February 10, 2003 Report Share Posted February 10, 2003 Looking for the VIX to move up to 47+/- when the 790 tgt is reached, head down to 35 +/- when 840 is hit then launch itself over 50 when the triple bottom breaks as we go won through it during wave 5.... I see wave 3 in SG terms holding the double bottom level her bounce to 4 then break the 3x bottom with the wave 5 push down Link to comment Share on other sites More sharing options...
wndysrf Posted February 10, 2003 Report Share Posted February 10, 2003 That Bank of America call is just plain stupid. Must be that Tom Mc Anus again. Everytime he ups his allocation the market tanks shortly thereafter. Link to comment Share on other sites More sharing options...
simple guy Posted February 10, 2003 Report Share Posted February 10, 2003 Banc of America equity strategist Thomas McManus provided a boost to the stock futures by increasing his recommended equity allocation ratio to 75 percent from 70 percent, citing "much improved" valuation and sentiment and recent economic data that was "not as bad as feared." Thats all the brother could come up with to short more stocks to the sheeple eh? Or maybe, he is just that dumb. Valuations will continue to "improve" Tom, as the market continues to cascade down. If the guy had any clue he would realize a few things Help wanted index is predicting a severe upturn in unemployment. As in, a severe downturn in consumer sentiment and therefore spending. The goldman Sachs consumer index is in freefall right now, and also predicting an IMMINENT recession, and major pullback in consumer spending... BIG TIME This means TOM... that the trickle down effect is yet more "valuation improvement" via lower stocks prices, via lower capital spending, via more layoffs, via higher unemployment, via less consumer spending, via more credit contraction, and via the continuing plunge in the m3 money supply, even though Uncle Al is pushing M1 as hard as he can... This kind of stuff drives me nuts, but only makes me want to add even more $$ to the short positions. The scary thing, is these strategists are really that dumb... Link to comment Share on other sites More sharing options...
ShamPoo Posted February 10, 2003 Report Share Posted February 10, 2003 That Bank of America call is just plain stupid. Must be that Tom Mc Anus again. Everytime he ups his allocation the market tanks shortly thereafter. 5th time. Thanks Tom. Link to comment Share on other sites More sharing options...
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