slinger Posted December 13, 2002 Report Share Posted December 13, 2002 Possible bear flag forming on the indices and gold could head to 350 per Paul Shread, one of my favorite TA guys to read after the market closes every night. "Technical Analysis: Bear Flag On The Nasdaq?" Link to comment Share on other sites More sharing options...
PileDriver Posted December 13, 2002 Report Share Posted December 13, 2002 If this pig goes up substantially from here knowing what we know I will hang it up for good. http://stockcharts.com/def/servlet/Favorit...et?obj=ID128959 Same holds true for VectorVest internal market measurements and McClellan Summation, all peaked at extremes Nov 29 and are heading down still. Internal price tells all and its been going down for days. For Mr Marke ugly is skin deep, way too much lipstick and face paint, its coming off soon once the smart money is done quitely slipping out the back door exit and all dumb money has boarded the Titanic. Not a matter of if, just a matter of when. Santa's coming and he's got a bag full of whopass COAL. Link to comment Share on other sites More sharing options...
Jorma Posted December 13, 2002 Report Share Posted December 13, 2002 Well let's see. Gold goes nuts, the dollar looks sick. All the makings of a melt up. Well look at that. 6:30 PM NDX squirts up XXX points. Link to comment Share on other sites More sharing options...
PileDriver Posted December 13, 2002 Report Share Posted December 13, 2002 Jorma, CME quote of 40 means $0.40, not $40. Phew! Doesn't matter anyway, this POS is going down sooner or later. Link to comment Share on other sites More sharing options...
Guest Posted December 13, 2002 Report Share Posted December 13, 2002 An early post because like fokker I've got a tai chi session to attend while the option market closed for lunch... GO GOLD!! megajump on the golds here. I'm told that 13 out of the 20 biggest movers today are gold stocks. Lots of red for the rest which is the way it should be..looks like things are starting to crack for you guys too. Expecting more red here as the day wears on.. I liked the bubblebath scenario too Mark :grin: Link to comment Share on other sites More sharing options...
PileDriver Posted December 13, 2002 Report Share Posted December 13, 2002 from SignalWatch.com re Nasty: The likelihood of a downside break from the pattern is high. Therefore, we will pay special attention to the lower boundary of the pennant at 1,390 (1,030) tomorrow. A break of this level will likely usher in a strong decline. Adding to the fuel is the fact that the NASDAQ has formed a smaller pennant consolidation within the larger one. This pennant, too, points to a downside break SEE YA !!! Link to comment Share on other sites More sharing options...
Jorma Posted December 13, 2002 Report Share Posted December 13, 2002 Well let's see. Gold goes nuts, the dollar looks sick. All the makings of a melt up. Well look at that. 6:30 PM NDX squirts up XXX points. OOoops. Egg on face. I meant to say 20 points, as the CNN Based chart on Night Stool showed an afterhours low near 1030 and a print near 1050. What that is all about I don't have a clue. Now I see a Globex March contract quote as up .4. as you say. I should have smelled rat. A bit paranoid, being quite short. Link to comment Share on other sites More sharing options...
PileDriver Posted December 13, 2002 Report Share Posted December 13, 2002 many bears are, its normal after a go nowhere for days situation we expect a breakout against us. Fuctures now down. Link to comment Share on other sites More sharing options...
Guest Posted December 13, 2002 Report Share Posted December 13, 2002 Nikkei taking it on the chin. S&P futures down 1 plus. Gold up .30 in access market. Maybe the Greenman will have too many holes to plug. He had better get on the phone and dial up some of those other CB's and get then pumping. If the market goes down hard tomorrow, it is game, set and match. Funds will be forced to sell to protect themselves going into year end. The snowball will turn into an avalanche. Count on many defections from the bull camp. They'll cut and run at any more weakness. Link to comment Share on other sites More sharing options...
brian4 Posted December 13, 2002 Report Share Posted December 13, 2002 SPX getting smacked upside the heads 5+ below fair value- nazquack starting to crack. Trade Safe! Link to comment Share on other sites More sharing options...
brian4 Posted December 13, 2002 Report Share Posted December 13, 2002 The Nikkei is going hell for leather toward a new all time, all time low-down 116-Asia red wall to wall-Sing Gold Sing! Link to comment Share on other sites More sharing options...
sweefraapp Posted December 13, 2002 Report Share Posted December 13, 2002 Brian4: Good find on that MXIM. I wasn't liking the naz futures, but they are better now. Link to comment Share on other sites More sharing options...
GregFokker Posted December 13, 2002 Report Share Posted December 13, 2002 Mark, I just reread the entire piece tonight, and, once again, you're a fornicateing genius and an inspiration. I walked to my class tonight chucking to myself on the street, no doubt scaring the schoolgirls, and I'm laughing again now. Don't ever change, dude. Link to comment Share on other sites More sharing options...
depends Posted December 13, 2002 Report Share Posted December 13, 2002 The first map was published earlier today and has since been modified to show fewer quakes. I don't know what that means, but I thought it was interesting. The large 4. events in mexico apparently were not accompanied by aftershocks. Take care in L.A. The current map is at: http://www.scecdc.scec.org/recenteqs/ Link to comment Share on other sites More sharing options...
PileDriver Posted December 13, 2002 Report Share Posted December 13, 2002 BEAR:BULL ratio on Ike's site is a whopping 24:7, not to be taken contrarianly. While AAII and II at near record bullish extremes. BLOOD BATH TOMORROW Link to comment Share on other sites More sharing options...
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