Guest Posted April 15, 2003 Report Share Posted April 15, 2003 This is the YUMMY I promised you eight hours ago. From: Insight on the News - National Issue: 04/15/03 _________________________________________ Nevada vs. the Federal Reserve? By Kelly Patricia O Meara As Insight reports this week, there currently are 60 different forms of currency in circulation throughout the United States, and the reasons for issuing this alternative money are as numerous as the currencies themselves [see "Alternative Money Has Redeeming Value"]. While many have begun using new forms of currency to keep the money within their community, there are others, such as Bernard von NotHaus, founder of the National Organization for the Repeal of the Federal Reserve, who are intent on using it to publicize the populist claim that the Federal Reserve is illegitimate. Now it appears that even some states are beginning to question whether the Fed is constitutional . . . :grin: In full :grin: And chasmo has the proud distinction of being able to celebrate his one year anniversary today, MXXXX Day. Happy Anniversary, chasmo. And don't forget to file! Link to comment Share on other sites More sharing options...
Oyster Posted April 15, 2003 Report Share Posted April 15, 2003 I suggest you look at IDS for my ideas today.....You see the small yellow blip on the cycle...that expires 4/22 which ties in with other cycle tops.....then begins a slide.....but what do I know....needs to get above gann 924 to negate. Rock and Rolly Guys and Gals!! Link to comment Share on other sites More sharing options...
The End Posted April 15, 2003 Report Share Posted April 15, 2003 Nice chart Oyster. Link to comment Share on other sites More sharing options...
chibear Posted April 15, 2003 Report Share Posted April 15, 2003 Good morning all. Glad: not directly related, but I wonder if Nevada can remain its current low tax refuge if biz doesn't pick up at the casinos. All the real estate talk over the weak end at M2M has me thinking about retirement destinations (sounds like elephant burial grounds, doesn't it?) FWIW: (EDT) 9:15am Capacity Utilization for March prior 75.6% consensus 75.4% 9:15am Industrial Production for March prior 0.1% consensus -0.2% After close earnings more important. Trade good. Link to comment Share on other sites More sharing options...
poleski Posted April 15, 2003 Report Share Posted April 15, 2003 Oy- Thanks for the overnight info! Link to comment Share on other sites More sharing options...
GregFokker Posted April 15, 2003 Report Share Posted April 15, 2003 With Doc and Oyster on the same page, I'm breathing easier. Didn't realize how addicted I've become to the Stooltrading updates. Link to comment Share on other sites More sharing options...
scottcardiff Posted April 15, 2003 Report Share Posted April 15, 2003 The indicator oscillator which I outlined yesterday reads 3.50, down from 3.72 at yesterday's open. In the past, 2.5 area has marked tops and 8-9 area has marked bottoms. The nine components, their score (1-10, 1 being extreme overbought), and change from yesterday. 1. SP500 Bullish Percent. 4.50. No change as BP didn't move. Still at 47 area. 2. Nas stocks over 50 MA. 3.00. Moved down from 3.50. Indicator moved from 803 to 861. 3. P/C ratio. 5.50. No change. Daily P/C ratio at .80. 4. 21 day P/C. 2.00. No change. Reading of .80 shows general complacency. 5. VIX/VXN/QQV 2.00. No change. If VIX drops to low 20's, this will be a 1.00 6. AA Bull/Bear ratio 2.50 No change. Changes once/week. Difference of 20 (51-31) 7. 5 Day TRIN 5.00 No change. Readig of 1.19 is middle of the road. 8. 20 Day TRIN 5.00 No change. Reading of 1.28 is middle of the road. 9. TICK 60 Min. 20 MA 2.00 Big drop from 3.50. Reading of 440 from 332. Total score 3.50 Drop from 3.72 Summary. Drop in score is consistent with move up in market. This indicator oscillator obviously needs some panic buying to move into sell territory. The Trin readings are too high, and we haven't had any "caution to the wind" low P/C days for quite a while. When we do get lower Trin readings, this indicator should drop to the mid-2's. I'd still be cautious if the SP Bullish Percents don't move into the 60's, as I'd like to see a high peak or at least a turn before I got bearish. Until we get a peak low score in the 2's or we see some signs of distribution, I plan to buy dips. Link to comment Share on other sites More sharing options...
Tchaikofsky Posted April 15, 2003 Report Share Posted April 15, 2003 From fearful to fearless When the Vix is running high, it's often a good sign that the market has become overly worried, and due for a snapback. When the Dow Jones industrial average hit its low for the year March 12, for instance, the Vix hit 41 -- its highest level since October's deep selloff. As investors' worry subsided, and stocks rallied, the Vix slipped. Monday it finished the day at 26.47, it's lowest level since June 10. It's also, points out Mizuho Secruities USA futures division director Phil Ruffat, fallen below its one-, three- and five-year moving averages. Whenever that's happened in the past, he says, the Vix has tended to rise significantly within the next 90 days -- a move that is consistent with a sharp drop in stocks. Link to comment Share on other sites More sharing options...
Guest Posted April 15, 2003 Report Share Posted April 15, 2003 Oyster, I felt a definite tingling in the loins when I saw those charts you posted on IDS Global..... DEATH RALLY heheh, love it.... Link to comment Share on other sites More sharing options...
Bearman Posted April 15, 2003 Report Share Posted April 15, 2003 Oyster great charts! you are an true Operator! Hows Gold looking to Ya? Link to comment Share on other sites More sharing options...
GregFokker Posted April 15, 2003 Report Share Posted April 15, 2003 Correction for the Anals: Yesterday's repo was a 3-day repo, and will expire on the 17th. Link to comment Share on other sites More sharing options...
longOnUranus Posted April 15, 2003 Report Share Posted April 15, 2003 Mr Cardiff- "Until we get a peak low score in the 2's or we see some signs of distribution, I plan to buy dips. " The words "buy dips" constitute an ethnic slur in these here parts. Them thars' fightin' wurds. Tell us Stoolies what you buy when you...ahem...."buy the dips". So I can short 'em. I have never been this diametrically anti-long. Either I am really messed up, or this world is screwed. And this is even after I have lowered my standards for the world, as a hole. :grin: Link to comment Share on other sites More sharing options...
DrStool Posted April 15, 2003 Report Share Posted April 15, 2003 Good Morning and Good Stool to all! Suctors and Stoolwethers Update I'm stickin' to my guns here, as I watch my life pass by my eyes, heh heh. See you tonight! Link to comment Share on other sites More sharing options...
Bearman Posted April 15, 2003 Report Share Posted April 15, 2003 bob froelick from scud inmvestments on crapvison he always runs his mouth near tops he made 3000 $ bet all indices would alot higher soon Link to comment Share on other sites More sharing options...
DrStool Posted April 15, 2003 Report Share Posted April 15, 2003 Tanks Greg! Fixed. Link to comment Share on other sites More sharing options...
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