Lock Limit Down Posted May 3, 2004 Report Share Posted May 3, 2004 Internals weakening again RINSE LATHER REPEAT SOX frenzy Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 3, 2004 Report Share Posted May 3, 2004 Anyone out there know a reputable metals dealer in the Toronto area? Link to comment Share on other sites More sharing options...
Guest Posted May 3, 2004 Report Share Posted May 3, 2004 They just realized what a bargain the homebuiders are Absolutely! Real estate always goes up, so they're always a bargain! Just an efficient market "discounting future expectation of returns." :grin: [P.S. This bulletin board system needs a clickable smilie that is blowing chunks.] Link to comment Share on other sites More sharing options...
brian4 Posted May 3, 2004 Report Share Posted May 3, 2004 stop is back at 1116 Link to comment Share on other sites More sharing options...
soup Posted May 3, 2004 Report Share Posted May 3, 2004 same ole story, Dow up 65 and the a/d is negative. More distrubution Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 3, 2004 Report Share Posted May 3, 2004 Fully loaded short RUT and Dow Link to comment Share on other sites More sharing options...
brian4 Posted May 3, 2004 Report Share Posted May 3, 2004 stopped minus 34 Link to comment Share on other sites More sharing options...
brian4 Posted May 3, 2004 Report Share Posted May 3, 2004 window about to close it went against us-patience! Link to comment Share on other sites More sharing options...
soup Posted May 3, 2004 Report Share Posted May 3, 2004 ALphie's last dance? Link to comment Share on other sites More sharing options...
zensmoke Posted May 3, 2004 Report Share Posted May 3, 2004 Cubes should turn back at or before 35.47 (please?) Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 3, 2004 Report Share Posted May 3, 2004 Out and licking my wounds May have to wait for the post FOMC jam job They are on a mission Link to comment Share on other sites More sharing options...
twignberries Posted May 3, 2004 Report Share Posted May 3, 2004 Tough trading so far. This rally has more legs than I was expecting. Two trades stopped out for small losses this morning. I'm gonna push back from the table until after the lunch hour and see what develops. Maybe it will be clearer this afternoon. Link to comment Share on other sites More sharing options...
rog Posted May 3, 2004 Report Share Posted May 3, 2004 we are seeing short covering order flow. Probably position squaring in front fomc. We are also seeing some intereting flow in the consumer staples (mo, kft, CL) which have had a strong bid for the last few days. MO was up +2% after being up the last few days despite the broad sell-off. This is a classic recession trade. Sell or short financial, retail and cylical stocks and long consumer staples. We saw this same trade put on in front of the 2000 crash, 9-11 slide, and the 02 waterfall. One caveat: it appears early in this trade. This trade usually ends with the momos driving these high div plays up 5% in an exhaustion day. Then a broad market waterfall usually starts in earnest, usually taking the cons staple stocks with it. Link to comment Share on other sites More sharing options...
zensmoke Posted May 3, 2004 Report Share Posted May 3, 2004 Cubes need to reverse now....... Link to comment Share on other sites More sharing options...
brian4 Posted May 3, 2004 Report Share Posted May 3, 2004 Opening now for 80 minutes-helmets on-bought 10 May puts 1120's stop 1120. Link to comment Share on other sites More sharing options...
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