Guest Posted February 3, 2003 Report Share Posted February 3, 2003 . . . . . . . . . . . . . . . . . . . . . . . . . Columbia - February 1, 2003. . . . . . ........David M. Brown...............Laurel B. Clark................Michael P. Anderson...............Ilan Ramon........ ..............................Rick D. Husband............Kalpana Chawla............William C. McCool.......................... If we die, we want people to accept it. We're in a risky business and we hope if anything happens to us it will not delay the program. The conquest of space is worth the risk of life. Astronaut Gus Grissom, January 27, 1967 Our journey into space will go on....President George W. Bush, February 1, 2003 Link to comment Share on other sites More sharing options...
Guest Posted February 3, 2003 Report Share Posted February 3, 2003 Happy Birthday to Icharass Curve, who celebrates today. And two of our people marked their anniversaries here yesterday: The Doc himself, who is the first to reach the two year mark and who has recorded the highest number of postings in our community. And GregFokker, who is here one year and who has recorded the second highest number of postings in our community. Happy Anniversary, Doc and Greg. Link to comment Share on other sites More sharing options...
GregFokker Posted February 3, 2003 Report Share Posted February 3, 2003 Tanks, Glad 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...
simple guy Posted February 3, 2003 Report Share Posted February 3, 2003 SG dings I dont expect the NDX to get past 992 I do expect the Q's to fall below 24 this week, and more likely 23.30 range this week, if not sub 23... All rallies are to be sold and or shorted, shorts should be held. 22.45 remains my ST target for the Q's before I would even THINK of covering... Good luck, back at ya. Be sure to check my Simple Guy Waves thread for some good weekend stuff I tossed up... its on stool pigeons wire somewhere. Link to comment Share on other sites More sharing options...
DrStool Posted February 3, 2003 Report Share Posted February 3, 2003 Good morning Glad, Greg, Simple Guy, and all you stoolies still asleep on the left coast. Simple Guy Waves are here. Please vote in the Stoolie Market Poll for February. Polls close at 1 PM today. Link to comment Share on other sites More sharing options...
simple guy Posted February 3, 2003 Report Share Posted February 3, 2003 Doc, my voting in the Stool poll would not be fair...we all know I am a witch with magical powers. I have a crystal ball, so it gives me an unfair advantage... heh heh Interesting snippet from a risk management firm about funds: Having endured three down years in the stock market, mutual fund investors have understandably been shedding risk in their portfolios. The Investment Company Institute said stock funds last year had net redemptions for the first time since 1988, totaling $27 billion. Bond funds, meanwhile, took in $124 billion net of withdrawals in 2002, almost twice the amount in the previous year. But even as stock fund investors have been reducing risk, managers of growth funds have been increasing theirs, according to RiskMetrics. Funds in the aggressive growth stock category have had net redemptions of $5.41 billion since May, according to AMG Data Services. But assets in stock funds that RiskMetrics measures as aggressive, based on the funds' past volatility levels, actually rose to $1.3 trillion today from $430 billion last May. "When the market gets more risky, fund managers typically don't do much about it," explained Michael Thompson, global market commentator at RiskMetrics. "The increase in risk among aggressive growth funds shows a lack of discipline among these managers." Link to comment Share on other sites More sharing options...
simple guy Posted February 3, 2003 Report Share Posted February 3, 2003 FROM SG wave thread over the weekend QQQ forecast chart (any minor bounce should be minor, 24.85 MAX) Link to comment Share on other sites More sharing options...
simple guy Posted February 3, 2003 Report Share Posted February 3, 2003 For those who argue about Deflation, just read the chart and you tell me what has occured over the past few years. Right now we are in the "protectionism" and "devaluation of currency" cycle... still washing out excessive debt loads. Japan is selling off their Yen. And they say Gold rising because of war... uh-huh.... Still time to buy stocks, the bull market starts today: Link to comment Share on other sites More sharing options...
phatbubble Posted February 3, 2003 Report Share Posted February 3, 2003 doc - for the poll results, are you going to generate another stoolweighted average, so we can all know where the SPX will close +- a few points? Link to comment Share on other sites More sharing options...
DrStool Posted February 3, 2003 Report Share Posted February 3, 2003 Yes, but actually the Jan results were 30 points too low. So perhaps there is a stoolie bais factor adjustment of 30 points. :wink2: Link to comment Share on other sites More sharing options...
simple guy Posted February 3, 2003 Report Share Posted February 3, 2003 From the boyz at Raptor Research Group (free comments) On the daily chart: Index is has broken major support near 1320 and has also started to enter the void where there is little support over a large distance. First major support is near 1100. Link to comment Share on other sites More sharing options...
DrStool Posted February 3, 2003 Report Share Posted February 3, 2003 Suctors and Stoolwethers Link to comment Share on other sites More sharing options...
Guest Posted February 3, 2003 Report Share Posted February 3, 2003 Perhaps this is a matter of definition of the word "major" but this is one of the rare cases when I disagree with the Raptor guys. There are plenty of serious support levels before 1100 - for instance, the gaps. For the record, I think that the next major low will be in the 1200-1280 area for the COMPX. We are still far from a major low, according to the indicators I watch - but not that far; some of them are starting to look a bit less bearish. If I am wrong and we do fall below the October lows, I don't think that it will be much below. And, of course, there is always the probability that I am spectacularly wrong and we shoot up in leg C to above the December highs. But the time for the latter scenario is running out; unless we rally strongly this week, it won't happen. Regards, Vesselin Link to comment Share on other sites More sharing options...
simple guy Posted February 3, 2003 Report Share Posted February 3, 2003 Vess I put out at 1223 NAS target about 2 weeks ago Raptor talking a bit longer term (as in multi weeks ahead) Link to comment Share on other sites More sharing options...
DrStool Posted February 3, 2003 Report Share Posted February 3, 2003 Stooltrading opening comments and charts Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.