wndysrf Posted July 7, 2003 Report Share Posted July 7, 2003 A new 3-day record for M2M: over 32,000 views and 560 posts. Thanks, everybody. Al Green opened up both barrels in the overnights, by pumping the Nikkei, then jacking up the stock futures, opening fire on dollar shorts, and pummeling gold. It was nothing short of spectacular manipulation. And of course, he had some help. A $17 billion 4-week T-Bill Blast on top of a $6.5 billion Repo Blast. The Wall Struck Journal reported today that FNM and FRE lobbyists were successful at calling off the dogs in Congress, saying that the housing market is of critical importance to the economy, and any 'investigation" could severly hamper the growth of the Paper Pyramid, and cause an unexpected seizure in the ball bearings of the Atomic Particle Accelerator. BobBrinker was chortling again this weekend. Callers were inquiring about the 13 failed rate cuts from the Fed, housing bubble, record personal debt levels, and all the rest. Shtinker answered the question by repeating the YTD performance of the broads, and reminding everyone of his March 11 bottom call. ?All those subscribers who followed our stock market timing model and followed our advice on March 11 are very happy. Those who still have stock market cash reserves remaining in money market accounts are not happy, and probably wish they were never born.? And of course, he stuck it to the real estate bubble ?permabears? and the ?naysayers? by saying that the housing market is ?holding up very nicely? and he expects an economic recovery in 2004, led by housing. As expected, all E-Woofers and Bradley Modelers were blown out on the turn. Yet everyone was trying to short stocks, and brokers were routinely reporting that ?no shares were available?. Unbelievable stubbornness. Eventually, they will give up and flip to calls instead, as the indexes accelerate into Scam Week, where the Buddhadropping Forensic Analysis calls for a selloff. On the other hand, if we sell off the rest of the week, then a resumption of the bull trend is expected. Poor Tim Wood. Stopped out in 3 days. Maybe he should give up on the stock market cycles and follow the Money Train instead: The GSE Tidal Wave Cycles. Alice in Repoland market continues. Black is white and white is black. All stocks like KKD, AMGN and EBAY with P/E?s over 100x went up to make new highs. All stocks in the sector which contributed the most to S & P earnings growth (energy) got smoked. The usual Asian Exotica screamers like IIJI went up 34%. TheGlobe.com (TGLO). Remember that one?? Up 30%. But now we have a new Hot Sector: Eurobeauty Exotica. EWEB up 100% today. The most overissued and most overrated currency on the planet (dollar) went up. The most underowned and most underrated currency on the planet (gold) got crushed. The Matrix remains in full control. Link to comment Share on other sites More sharing options...
mjkst27 Posted July 7, 2003 Report Share Posted July 7, 2003 I'm wondering if the BOJ didn't come in with a big USD buy after printing a stack of brand new Yen. Did the USD move significantly against the Yen today? If so, it should wear off within at most a week or two. Link to comment Share on other sites More sharing options...
wndysrf Posted July 7, 2003 Author Report Share Posted July 7, 2003 New highs on NDX Monsters: EBAY, AMGN, DELL Parabolic move is just now starting? If so, the fastest gains will be made in the next few weeks. Unbelievable. Now 100% long, but took some hits on the energy and golds. Link to comment Share on other sites More sharing options...
mjkst27 Posted July 7, 2003 Report Share Posted July 7, 2003 An oldie but goody Link to comment Share on other sites More sharing options...
lb Posted July 7, 2003 Report Share Posted July 7, 2003 As expected, all E-Woofers and Bradley Modelers were blown out on the turn. Yet everyone was trying to short stocks, and brokers were routinely reporting that ?no shares were available?. Unbelievable stubbornness. Thanks Mark, This no shorts to lend thing was more odd then the all fed fun today. Never seen anything like it. Nothing to short all of a sudden. Too freaking odd. Some QQQs and that?s about it. Stinks on ice. And old Bob can go bob himself. Link to comment Share on other sites More sharing options...
fxfox Posted July 7, 2003 Report Share Posted July 7, 2003 I'm wondering if the BOJ didn't come in with a big USD buy after printing a stack of brand new Yen. Did the USD move significantly against the Yen today? If so, it should wear off within at most a week or two. it didnt move much today, high was 118.32, low 117.86. BoJ has enugh firepower, they dont need those additional yen, but well, more ammo doesnt harm either Link to comment Share on other sites More sharing options...
Guest Posted July 7, 2003 Report Share Posted July 7, 2003 New Asian Exotica play: ATS. Nice-looking chart. Donged at today's low 2.75ish. Could be the next IIJI... :grin: Riverboating the breakouts and bullish setups while shorting the low-volume runups, such as PVN and TER... Pretty intriguing action today. PCR didn't go up dramatically. Low volume higher high on Nasdaq. Pretty bearish setup. Although I was still scared by the Ameritrade "no shrs avail" stuff, I did want to get aggressively short very soon... (I was more often wrong than right...) Link to comment Share on other sites More sharing options...
soup Posted July 7, 2003 Report Share Posted July 7, 2003 perhaps bobby would like to tell us about all his tech and inut picks going into 2000? Link to comment Share on other sites More sharing options...
ProlerBear Posted July 7, 2003 Report Share Posted July 7, 2003 Link to comment Share on other sites More sharing options...
lb Posted July 7, 2003 Report Share Posted July 7, 2003 This was posted by procto on Stool trading today. Who Put the "Bull" in This Bull Market You Asked? Link to comment Share on other sites More sharing options...
fxfox Posted July 7, 2003 Report Share Posted July 7, 2003 let the Dow break 9500 and hold it then i shit into the woods, if not, that test will be the top for next several months. We should see 9500, or a test of it, this week. I allow this week to make a top, if we go beyond those levels then they can do what they want but without me. This index trading doesnt pay out, just a waste of time. Link to comment Share on other sites More sharing options...
HiHat Posted July 7, 2003 Report Share Posted July 7, 2003 Well I got the gap up part right on SPX, but NO doji Instead we got white BOZU candle on daily which spells REVERSAL............. NOT even gonna think about shorting until I see action vibe after 1015 taken out. Link to comment Share on other sites More sharing options...
TheMotleyStool Posted July 7, 2003 Report Share Posted July 7, 2003 "When we bottomed above the top, eh? Well, things were different back in the early 2000s, Johnny. I was just a young lad like yourself, buying stocks. Back then, we used to use something called 'valuation.'" "What's that, grampa?" "You see, back then people thought stock prices were related to company earnings and sales. We compared the prices and earnings, and called it a P/E ratio. There were stocks that had a P/E of under a thousand back then, many even under a hundred." "Really, grampa?" *chuckles* "Oh, yes, many of them. We thought the prices would become cheap again but they never did, they only went higher. The valuations at the bottom of 2002 were higher than almost any market top before it, but that was actually the bottom. And that's why they called it the year the market bottomed above the top." "Did you buy any Yahoo?" "Oh, yes, Johnny, we all did. Everyone got rich except for the company insiders. They didn't know that the prices would go up forever, so they sold. But we were smart enough to figure it out. All the people borrowed money onn their houses and credit cards, we bought up the internet stocks and we all got rich. Everyone except the savers and " "Wow, grampa... You paid back the money with your stock winnings?" "The debt?" *chuckles* "People talked a lot about that back then. But time had moved on so the debt didn't matter." "It didn't matter?" "No, it didn't. Times were bad the first couple years of the century, and that was more than enough bad times and it was overdue for good times." "I don't get it. You didn't pay have to pay it back?" *chuckling* "Some day you will understand, Johnny. You just have to hope and believe and things work out in the end. It can take a few years sometimes, but the stocks always go higher." "Just buy the Thousands?" "That's right, you just buy the Thousands, that's the prudent way, if you can live on 50% annual returns.... You know, Johnny, they didn't always call it that. When I was your age, we called it the S&P. But ever since it went over 500,000 they started calling it the Thousands...." Link to comment Share on other sites More sharing options...
purdymouth Posted July 7, 2003 Report Share Posted July 7, 2003 Crapvision talking heads are in orgasmic throes. Maria is so giddy she's having trouble speaking. Kramer just upped target for DJIA to 10000. Screaming about Alcoa beating tomorrow, followed by Yahoo mid-week. So long 61.8% retrace. Hello Moon. Link to comment Share on other sites More sharing options...
DrStool Posted July 7, 2003 Report Share Posted July 7, 2003 Hi Mark and everybody! Mark- What did you mean by a $17 billion 4 week T-Bill blast? The Fed did nothing at the permanent desk today. Looking at the action in the Feed over the last week, this does not appear to be a Feed driven rally. Considering it was a holiday week, Al was actually rather restrained. (See the Feed Analysis) This was more like squeezing shorts in the tech trash, and pushing jello around on the plate. The lack of shares to short is a classic sign of a massive squeeze. This thing is headed inexorably toward implosion. But where the Nasyak blowoff will end is the question. I'll try to answer that in tonight's Anals. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.