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I'm not up on my p&f charting, but it looks like the NDX is still in a column of zeros even after today-  no p&f buy signal yet.  I assume I'm missing something-  what's so scary about it?

 

 

"IF" it breaks out is scary !

 

I don't understand p&f either, the thing is market is making mockery out of technicians, so my bet is it WILL break out albeit temporarily..

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Meh. It's a political rant combined with backhanded bragging in the form of insulting others.

Love the avatar.

 

The "Motley Fool" is a symptom of everything that was wrong with markets in the '90s. Over there "shorting" is held to be a lower form of activity than necrophilia.

 

To mix metaphors "A rising tide lifts all boats, but even the tide goes out you find out whose been swimming naked."

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Rallllllfffff BLOCKhead wuz just on The Idiot Channel. HRFF missed him.

 

whassshesayin'???

 

 

w re to that bit about Mr Gann observing there are times when a man just can't seem to make money:

 

The BARE read somewhere once someone observing that: Success tends to (get this) run in.....CYCLES. LOLOL

 

Very true. Even FUR HRFF's AVATAR.

 

The BARE met Sir Winston during his WILDERNESS YEARS, of course. LOLOL

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Oh yeah, don't get me wrong, I've had better nights. Almost feeling bad for the poor foker who bought my soon-to-expire C puts yesterday for 2.40, now bidding .45 a day later... I hope this thing dies, but that's one pile of momo going into the close and a lot of lemmings will be reading about the "bargain hunting" "dead weapons inspector" "peace break out" rally and load up tomorrow... more pain ahead, I fear.

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Premature Ejaculation:

 

Well, da Boys had it set up and timed-out perfectly for the war rally, but when they realized that the war was being pushed back yet again, they simply manufactured the "Iraqi Generals Negotiating Defection With CIA" rumor, and we're off to the races. This will prove to be the Bulls Fatal Flaw.

 

I've been noticing that any news event in recent weeks which sounds as though a war might be avoided is bought instantly. This market isn't bouncing because it's front running a war, it's bouncing on the hope a war can be averted (and because it was totally Dover Sole right on schedule).

 

Here's my bet...

 

It's going to be seriously overbought by the time we do go to war in a couple weeks, and all of the juice that might have been available to promote the war rally will have been spent...and set up the Mother Of All Shorting Opportunities - when our bombing is met with Terrorist attacks around the globe.

 

They're going to Sell The War - Don't forget about Gold.

 

Plunger

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Premature Ejaculation:

 

Well, da Boys had it set up and timed-out perfectly for the war rally, but when they realized that the war was being pushed back yet again, they simply manufactured the "Iraqi Generals Negotiating Defection With CIA" rumor, and we're off to the races. This will prove to be the Bulls Fatal Flaw.

 

I've been noticing that any news event in recent weeks which sounds as though a war might be avoided is bought instantly. This market isn't bouncing because it's front running a war, it's bouncing on the hope a war can be averted (and because it was totally Dover Sole right on schedule).

 

Here's my bet...

 

It's going to be seriously overbought by the time we do go to war in a couple weeks, and all of the juice that might have been available to promote the war rally will have been spent...and set up the Mother Of All Shorting Opportunities - when our bombing is met with Terrorist attacks around the globe.

 

They're going to Sell The War - Don't forget about Gold.

 

Plunger

It's just OE scam, has nothing to do with war. Budda reminds us numerous times.

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Sold those QQQ March 26 calls 5 minutes before the close. Hung on to 'em for a week, added a bit, and saw 'em decline further to a bloody dime. Sold 'em out for 40 cents for decent profit and cushy cash balance in gaming account but I think they may have had further to go. Didn't want to risk a gift to GTFO. Now I see the QQQ's basically going nowhere afterhours, but the main reasoning of selling the position was to not get nailed with time decay if some profit taking shows up tomorrow, before a possible further leg up.

 

Greg, excellent move getting out of those Shittycorpse puts yesterday. Wild ass moves in the options den today. Absolutely wild! :shocked

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bare" caught the tail end of block head. Of course he was bullish, do not know for sure but my guess has been from a lot higher, typical sell side shill.//// I am still scrathcing my head how we can be witnessing the type of blow off top behavior in the likes of amgn and ebay. After three years into the mother of all bear markets this type of activity still takes place? As Mark sez out of the 6000+ mutual funds and not even a handful have closed. Why have we not seen some of these clowns being marched out of fido's hq;s in handcufs? Where are the indictments? How about the firings of all these morons that have lost so much of their clients money? And folks still money to these morons? SO they can all pile into the most overvalued crap on the board?

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Didn't mean to infer that this was not an OE scam - or course it was...Kudos to Budda and Mark and others for the heads up. Just pointing out that the article lit the fuse (Mark noticed it last night and the talking heads talked about it all day - despite a total inability to confirm the source or substance of the rumor) Just sharing my thoughts about what's potentially coming to a theater near you. I don't think the markets are going to be happy about a war. Now if Sadam capitulates and disarms...all bets are off.

 

Plunger

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buddha.....you're the MAN...just like clockwork, a hammer reversal the wednesday prior to OE. so obvious and I failed to load CALLS yesterday...doh! At least I squared all my puts earlier in the week...geez.

 

un-friggin'-believable action.....MXIM was a joke today...up nearly 11%....heat-mappers piling over the ASK all day long......lmao....now, how long will this orgy last?

 

some say the pigmen are front-running the WAR....I buy that scenario. jam into OPEX secured....but how do you play it from here? surely, the bulk of the move will be done by turdsday of next week. think tomorrow could be a doji day of consolidation and then further RAMP UP on monday.....SWUP through expiration, then.........SELL the war?

 

too late to dong?

 

argggggghhh........off to the bar for a maker's or 3.....then surf tomorrow....check back with stooltown on monday.....flat for now....prolly the best way to play this whacko casino, right?

 

.......cash and golden eagles for now,

 

DW

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I certainly can understand the spx runningup to 830, hell 85 or even 880 is not out of the question; still going to 500, but as always the trick will be the timing. But when I see exhaustion type moves in some of these overowned,overloved crap; well I am at a loss. Nothing has changed, no lessons have been learned. The same momentum chasers that are long amgn and ebay, were caught holding the bag at the highs in sebl/nvda/crisco/intc/ibm; Remember when ibm was the safe haven? WHen loose louie could do no wrong, how all the morons at fido and janus said this company is different, it will never go down? Guess what ? Those idiots paid top tick. But hey, what the hell do they care , it aint their money?>

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