richmtn Posted January 3, 2003 Report Share Posted January 3, 2003 The boyz certainly know how to put on a good show. Aside from lackluster total volume they got the ratio just right. ................................NYSE..................... AMEX..............NASDUCK Advancing Volume 1,407,238,820 .. 14,314,610 .. 1,131,927,910 Declining Volume........91,696,790 .. 10,346,520.......111,087,558 Unchanged Volume....13,855,820..... 3,115,650........ 21,027,556 Total Volume........ 1,512,791,430 .. 27,776,780 .. 1,264,043,024 Ten year yield Short paper boyz didn't join the crowd Link to comment Share on other sites More sharing options...
mjkst27 Posted January 3, 2003 Report Share Posted January 3, 2003 This level of momentum could carry on for weeks or even months. huh? based on one (light) day's action? It's the first trading day of the year, and as 27 understands it, money comes into the market around the first of the year that MUST go long (especially since the market "just can't go down 4 years in a row!"). Also note today's rather meager volume. These factors likely explain the "best technicals in months". i27ho, the better play is to be bearish the next few months Link to comment Share on other sites More sharing options...
Guest The CoinGuy Posted January 3, 2003 Report Share Posted January 3, 2003 Heading off to dinner(I don't cook much), Wanted to lay this out before I go... Anyone having any luck with finding/or know about good Natural Resource Mutual Funds. I'm coming up dry as a bone. I wish I could make up a proxy/etf for the CRB, now that would be wonderful. I'm going to put this article in from Thom Colandra, he recommends a small fund here, but it has swissies, gold, and US doolars, I don't need anymore of these... 03: Looking for more Pigs in A Poke Not interested in Rogers fund, I'm not a fan of his. Any other recommendations please speak up. Thanks to all, The CoinGuy ---2003 Top %age Miner Pick - WHT Wheaton River Mining--- And yes I have a position A large one.... Link to comment Share on other sites More sharing options...
GregFokker Posted January 3, 2003 Report Share Posted January 3, 2003 Machinehead has the most unpleasant ability to make Fokker's bowels turn to ice with the simple expression of an idea. I agree, MJ, but damn if he didn't do it to me again Link to comment Share on other sites More sharing options...
Guest Posted January 3, 2003 Report Share Posted January 3, 2003 The market revved up here yesterday arvo and looked quite bullish. Got the pop on open today but drifting down again now. Could have another go later I guess but I have to say not particularly bullish at this stage. Most the stocks that popped on open are now well off their highs. Golds are doing a small pullback but good support on the buying side of things. Can't see them falling too far. I'm sceptical that this upside will continue next week... Link to comment Share on other sites More sharing options...
PileDriver Posted January 3, 2003 Report Share Posted January 3, 2003 Flaming T. Preliminary Stoolie Shortfolio I'm not legging into it yet as I noticed enough skepticism on this rally while watching the intraday p/c ratios. We're getting close but wait as you will get better entry prices with much less risk later (next week?). I'll even consider RYVNX but only if this http://www.schaeffersresearch.com/streetoo...ker_symbol=INTC gets to at least .40 Link to comment Share on other sites More sharing options...
Guest Posted January 3, 2003 Report Share Posted January 3, 2003 aussiebear, Where abouts Down Under are you? Sydney, Melbourne or Canberra This is worth having a look at if you're looking to benefit from the shift from a financial economy to a real economy. http://www.agora-inc.com/reports/OST/OutstandingGain/ Link to comment Share on other sites More sharing options...
Flaming Turds Posted January 3, 2003 Report Share Posted January 3, 2003 Right on Pile thanks. Plenty of time to look them over and decide which ones to get aggressive with. Im thinking about using the back seat seat belts as restraints Link to comment Share on other sites More sharing options...
phatbubble Posted January 3, 2003 Report Share Posted January 3, 2003 Preliminary Stoolie Shortfolio thanks for sharing, pile. Link to comment Share on other sites More sharing options...
torah man Posted January 3, 2003 Report Share Posted January 3, 2003 Mark, I'm still groping my girlfriend ESRX. Come on and hop back in tomorrow - they're easy. I'll start legging into my shortfolio once http://www.analyzeindices.com/ and equity p/c ratio become bearish. If it gets absurd enough I'll do RYVNX too. piles, did you list who was in your shortfolio yet?? Link to comment Share on other sites More sharing options...
Metamucil Posted January 3, 2003 Report Share Posted January 3, 2003 Right shouders are being formed. I remember the short selling profits, after up:down volume was so high....July last year. Excellent coin! NO new buys flashed on NDX....as in ZERO. FEW new buys on SPX.....roughly ONE. Pitiful. Good short opp....wow. The 12 month cycle is down, too. Always a keeper...for peace of mind. Partying on the banks of hell. My favorite squeeze play. Donged it....and will dong more, as long as this shoulder is being assembled. Keeps the volatility in my short port down to very acceptable levels. My biggest concern, over the longer term, is whether any institutions will be open to pay my profits....after the 'devastating' fall. Guess it won't matter......optimistically speaking..... Link to comment Share on other sites More sharing options...
Jorma Posted January 3, 2003 Report Share Posted January 3, 2003 Mark, I curious about your translation of the news/comments on JPM today. Did you hear the JPM guy he sounded like Bill talking about Monica? Perhaps JPM was ?Ministering? The issues get to the heart of your thesis on derivatives speculation. Here?s JPM hedging its speculative lending to Enron with Enron puts held by a quasi legal paper companies designed to engage in the very same quasi legal speculation. Yet very uncharacteristically even with ?the smoking gun emails in hand? the insurers buy out for 50% on the dollar. Go figure why in hell didn?t the insurers go to the mat, there?s no question they had the wind at their back on JPM and they make their living on keeping very mean lawyers busy. It would seem the whole thing was going to get too muddy for everyone too quickly for the parties to squabble over $500 million! I find that to be astonishing. This to my mind was the story of the day. We all pick our stories of course. Back scratching deals in credit bubble land, like the HI deal, are the mothers milk of this sick baby. ABK was in on the JPM suit. That wasn't nice. It isn't nice to bite the hand that feeds you. Directly by sending you bussiness, and indirectly by the street holding up your stock. The second I heard "settlement" it all seemed so obvious. One can only imagine the pressure brought to bear on both sides. Split the difference boys and you'll both come out smelling good. Sure enough, all the stocks were very green today. This is the sort of thing that gets settled with quiet weekend phonecalls between seriously rich and connected people in Arlington ,The Hamptons, London and Zurich. You've got to hand it to them. Trillions down the drain and they are still quitely confident. Link to comment Share on other sites More sharing options...
Slothrop Posted January 3, 2003 Report Share Posted January 3, 2003 Maybe someone has already mentioned it, but GREAT EXPECTATIONS, the novel -- I think it was written by, not Tolstoy, but by Charles Dickens. Just for the record. Am I wrong? Link to comment Share on other sites More sharing options...
PileDriver Posted January 3, 2003 Report Share Posted January 3, 2003 Torah, see post at 8:10PM. Meta, this is a juicy one. Glad I was patient and waited. Seemed like an eternity since Oct 23rd. I'm going to dong a few more screamers for fun til this POS peaks. Tons of negative divergences setting up on this rally for sure. Rallying against declining summations, BPIs, LT cycles. This is a wet dream come true! Please wake me up, no don't! Link to comment Share on other sites More sharing options...
wndysrf Posted January 3, 2003 Author Report Share Posted January 3, 2003 Tim Ord on tfnn.com is now short term bullish. He says we are going back to the 954 highs or even higher. Summation Index going up. Good volume came in today, he says, near the end. Time to go long more stocks on a pullback. Good long candidates with huge volume today include Viacom (VIA) and KB Home (KBH). Looks like we are in for a decent rally for a couple of weeks.... Time to go groping!!! Link to comment Share on other sites More sharing options...
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