K Wave Rider Posted January 15, 2003 Report Share Posted January 15, 2003 Brian, I agree. Unless they make a miracle save on the Chip Equips, we should GAP down in the AM. But as we all know, anything is possible. Link to comment Share on other sites More sharing options...
Guest Posted January 15, 2003 Report Share Posted January 15, 2003 Yes, a pop is looking more unlikely now. The market today is weak with the index a couple of points up but battling to hang in. It did an unconvincing close above resistance yesterday so I'm thinking we could easily end up in the red today, back in the resistance zone. The golds are down again today, the charts for them not looking good in the short term. Link to comment Share on other sites More sharing options...
Guest Posted January 15, 2003 Report Share Posted January 15, 2003 Brian, I agree. Unless they make a miracle save on the Chip Equips, we should GAP down in the AM. But as we all know, anything is possible. The market closed even to higher on the jobs report last Friday so anything is possible. It's all hope and dope and wild ass speculative mania. Link to comment Share on other sites More sharing options...
brian4 Posted January 15, 2003 Report Share Posted January 15, 2003 DA BOYZ are buying puts- SPX leaps today calls 3-puts 5,231-mini NDX leaps today calls zero puts-1,000-cboe.com/statistics now remember the commercials do this because leaps are NOT INCLUDED in the p/c/ratio so it's hard for us to follow the hot money. p/c ratio today .70-Trade Safe! Link to comment Share on other sites More sharing options...
sniff Posted January 15, 2003 Report Share Posted January 15, 2003 sniff's favorite link during earnings season... Why did through island when one can see all the red on one page or page after page for that matter? http://cbs.marketwatch.com/tools/stockrese...asp?siteid=mktw Link to comment Share on other sites More sharing options...
speculator Posted January 15, 2003 Report Share Posted January 15, 2003 Interesting setup here. Bill Murphy on LeMetropole Cafe says sellers of gold shares today will be "heartbroken". He predicts a huge gap up on gold any day. Based on the fact that huge speculative longs are battling the bullion banks, who are shorting the metal like there is no tomorrow, and the shorts are running out of gold to sell. Eventually, they will have to reverse and start covering. Bill has been predicting the "death gap up" for the "cabal" at 300 then 310 then 320 then 330 then 350 ... He keeps moving the line in the sand for his spectacular short squeeze. The commericals sell for the mines, CBs, IBS, IMF, WB, etc. There is massive supply waiting to be sold. How long can demand continue to absorb this huge overhead supply? The chart will tell us NOT Bill M. Although it is fun to read his rants. Link to comment Share on other sites More sharing options...
buttugly Posted January 15, 2003 Report Share Posted January 15, 2003 I think Dr is right, we give the Fed too much credit for moving the market around. As the below chart shows, the sellers are on strike. http://www.saavycharts.info/ But this is good news - there are going to be plenty of stranded longs who are going to be selling soon enough. The real floor to the market has been short interest. And with the sellers on strike the prospect of future short covering reduces. Given no one on Wall Street shoots straight these days - I figure we probably need to get through earnings season (smoke & mirrors season) before this really accelerates on the DOWNSIDE. By that stage Vesselin's indicators will be a screaming sell. Link to comment Share on other sites More sharing options...
Pigeon Drop Posted January 15, 2003 Report Share Posted January 15, 2003 Thanks. Heat map. What a name. Makes me think the whole thing was designed by a 15 year old who likes to play fighter pilot computer games. Link to comment Share on other sites More sharing options...
acseatsri Posted January 15, 2003 Report Share Posted January 15, 2003 NEWS ALERT The U.S. Postal Service is testing for anthrax at one of its Washington, D.C., facilities after the Federal Reserve said its own testing of mail had indicated the potential presence of the bacteria, a postal official said. Details soon http://www.cnn.com/SPECIALS/ Link to comment Share on other sites More sharing options...
brian4 Posted January 15, 2003 Report Share Posted January 15, 2003 NazQuack is now 7.45 points below Fair Value-Elvis may be leaving the building! Trade Safe! Link to comment Share on other sites More sharing options...
Guest Posted January 15, 2003 Report Share Posted January 15, 2003 NazQuack is now 7.45 points below Fair Value-Elvis may be leaving the building! Trade Safe! Gosh O' golly, I sure as heck hope you are right. I am way out on a limb with IBM shorts. Shorted it again today at 88.50. Link to comment Share on other sites More sharing options...
The End Posted January 15, 2003 Report Share Posted January 15, 2003 http://aegeancapital.com/freeservices/arch.../Zapata/pg1.htm Zapata George. Two weeks in a row now He is ON! short and sweat. Must listen. Trust me :grin: Link to comment Share on other sites More sharing options...
PileDriver Posted January 15, 2003 Report Share Posted January 15, 2003 ...his Crapvision comment is a hoot! Crapvision, the king of fools! Link to comment Share on other sites More sharing options...
sweefraapp Posted January 15, 2003 Report Share Posted January 15, 2003 Black Box Corp. Looks like a possible short play. Extended run. Link to comment Share on other sites More sharing options...
richmtn Posted January 15, 2003 Report Share Posted January 15, 2003 The End congrats on your interview work. You are a credit to humanity. Love George and his interviews. Somtimes Ike seems pained having to speak to him. But he keeps inviting him back. By the way old George called the fall rally. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.