wndysrf Posted June 16, 2003 Report Share Posted June 16, 2003 Today, we witnessed an example of the Buddhadropping 4-step Rally Process, brilliantly executed by The Matrix: Step 1: Program Robot Sell Orders are issued on a Friday before quadruple options expiration to create the illusion of a failed "second high", into which hapless short sellers pile on. Step 2: Monday morning, announce a phony economic report such as the Empire State Economic business conditions showing the self-fulfilling prophesy issued by The Recovery Channel in order to turn the PreMarket futures around. Step 3: Flood the market with a huge Repo Blast on the open, to load the cannons at the Gang of 22. Step 4: Instruct Program Robots to issue "Buy at Market" orders on key stocks which are at double or triple tops, triggering a buy stop sweeping frenzy which creates a ?chart breakout?, where momo investors immediately pile on. Of course, technical analysis can be thrown out the window on the broad market. It has been invalidated because Al Green's Goon Squad is busy utilizing slide ruled T/A types to spot key stocks to push up on an individual basis. Stocks like Merck (MRK), no doubt pushed up over the line to "breakout" area. Or Pfizer (PFE), ready to stage a Viagra Boner Run off of a failed breakdown on the weekly. And there is no doubt that MMM is headed to $150, since Jimmy Jones Cramer on The Recovery Channel has said so every week. Buy the rumor, buy the news. Stock investing now has become so simple. ??????????????.. Alan Newman?s latest report is out. Says another phase of The Mania has been re-ignited, thanks to Illinois? pension plan bond issue to buy stocks and other schemes like it. Those funds will be ?forced? to buy the largest cap issues, the top 10 of which represent 25% of the total capitalization of the entire stock market. Mark?s paraphrasing: ?Illinois buying their pension beneficiaries stock on margin, mortgaging the future of the beneficiaries and the state is truly frightening? Newman explains that the current rally has all the characteristics of the 1999 ? 2000 mania, where ?speculation is running rampant, no price is too high to pay for a bet on the market, and stocks are being bought by professionals only because others are buying those stocks which have the greatest speculative appeal? ?There can be no doubt that the mania has once again emerged in full bloom. Discount brokers are now reporting a surge in trading. The six month rate of M1 creation now exceeds the Y2K explosion that fueled the blowoff into March 2000. With financials now outperforming, representing the largest sector weighting on the S & P 500, every possible step has been taken to entice the consumer to borrow and spend, primarily for the purchase of stocks.? ?Greenspan has proved beyond a shadow of a doubt that he does not know how to curtail the insanity of a mania, only encourage one. After blindly ignoring the mania and the obvious fallout that had to follow, the Fed is patently accommodating yet another phase of madness. The proof: On June 6, the QQQ?s traded a dollar amount equivalent to one-sixth of the GDP generated that day. Since 1925, total dollar trading volume for the entire stock market has been less than one sixth GDP more than half of the time.? Newman is recommending a new subscription-based website at http://www.thechartstore.com started by one of his colleagues, containing business cycle, commodities, and economic charts. Newman?s own site is http://www.cross-currents.net, where newsletter subscribers can see the huge blowoff move on one of his proprietary indicators. Roger Arnold?s weekend show is now online at http://www.businesstalkradio.net/weekend_h...chives/ra.shtml All Riverboaters playing the long side of the market need to make sure they drop in a load for Doc when they ring the cash register on these 25%+ daily screamers like CLN. And by the way, market participants have developed a maniacal obsession with more Asian Exotica, like XING, ASIA and CHINA. Nothing like those 19-year old Pleasure Princesses.......... So white. So fragile. So compliant. So willing to please. Is it any wonder that these stocks are going Parabolic??? Link to comment Share on other sites More sharing options...
wndysrf Posted June 16, 2003 Author Report Share Posted June 16, 2003 Where will the market go next? Follow the GIANT. The INCREDIBLE HULK of all stocks. Coiled up like a snake at the tip of a triangle. Which way will it break? Up or down? Link to comment Share on other sites More sharing options...
h2orush Posted June 16, 2003 Report Share Posted June 16, 2003 Iam a freaking moron for not being long and taking part in this huge move....use me as a contrarian but Im done..... Doc, I lova ya man, but am going to cancel subscription here...has not helped my trading at all. I agree that eventually it ends badly, but with this type of liquidty explosion and the lack of yield anywhere but the stock market, stocks are going up.....Cycles dont matter, sentiment doesnt matter, nothing matters....UP UP UP and AWAY.... The ANALysis is great, but the net result.......I've lost money......Mostly my own fault, but all the bearish thoughts have kept me in the wrong mental state to properly, and correctly identify a huge move right under my nose.....Unless we crap out today or tommorrow, next rez on S & P is 1160, thats along way from here..... Adios Stoolville, I'll check back at the end of the summer. Wish everyone the best....... Surf's up....... Link to comment Share on other sites More sharing options...
BartTheBear Posted June 16, 2003 Report Share Posted June 16, 2003 Well that close meets ZORANs requirement for a full on bull. Link to comment Share on other sites More sharing options...
Grand Poopercycle Posted June 16, 2003 Report Share Posted June 16, 2003 In re Step #2 above: Don't 'pile in' until there is clear evidence of an intermediate(several weeks+)-term turn down-more, much more, needed than one day's action.It might be easy for me to say, since I don't short(manage long-only a/c's), but it would seem that entering such a potentially precarious position(10 times fast, now that I see it) would be done only occasionally and on plenty of evidence. Link to comment Share on other sites More sharing options...
Guest Posted June 16, 2003 Report Share Posted June 16, 2003 So, is the final step in the process to ramp the dollar and crush gold and the miners? Everybody onboard the CDE train? Link to comment Share on other sites More sharing options...
Guest Posted June 16, 2003 Report Share Posted June 16, 2003 After today, I believe the blow-off scenario to the 4th of July is a given......... Unreal.....All have been calling for a pullback and this market is not giving in. Congats. Link to comment Share on other sites More sharing options...
soup Posted June 16, 2003 Report Share Posted June 16, 2003 any guesses on who warns tonight? Link to comment Share on other sites More sharing options...
5thelement Posted June 16, 2003 Report Share Posted June 16, 2003 Tom O"Brien just said we've gone up to re-test SPX highs on lighter volume. We'll probably pull back on SPX. Nasdog will catch up with SPX to get over extended on lighter volume. Link to comment Share on other sites More sharing options...
wndysrf Posted June 16, 2003 Author Report Share Posted June 16, 2003 One of you guys here nailed CALVF at the lows on Friday..... Congratulations!!! Link to comment Share on other sites More sharing options...
Guest Posted June 16, 2003 Report Share Posted June 16, 2003 Well. I could be wrong (most likely) but today's volume was horrific on an up day... We are due at least for a s/t pullback. I'm shitting in my pants sitting on my screamer dongs. Small positions though. I had enough fun at my lapdancing session with the Asian Exoticas. Time to head for the exit and get out of the parlor. Link to comment Share on other sites More sharing options...
BartTheBear Posted June 16, 2003 Report Share Posted June 16, 2003 Tom O"Brien just said we've gone up to re-test SPX highs on lighter volume.We'll probably pull back on SPX. Nasdog will catch up with SPX to get over extended on lighter volume. Re-test? Looks like a new high to me. Link to comment Share on other sites More sharing options...
Guest jrmfl Posted June 16, 2003 Report Share Posted June 16, 2003 tyco halted. it's a forensic halt... Link to comment Share on other sites More sharing options...
soup Posted June 16, 2003 Report Share Posted June 16, 2003 Why not warn now? We all know the economy is in tatters and most biz is running at severe recession levels. Get it out while alfie is conducting his feeding frenzy Link to comment Share on other sites More sharing options...
DrStool Posted June 16, 2003 Report Share Posted June 16, 2003 Gee, H2O thanks for sharing that. Anyone else want to make public their subscription cancellation? What a great idea! Why don't we just have a site burning while we're at it. That would be fun. Link to comment Share on other sites More sharing options...
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