GregFokker Posted April 21, 2003 Report Share Posted April 21, 2003 Well, it went nowhere, but at least it went nowhere... Link to comment Share on other sites More sharing options...
Drano Posted April 21, 2003 Report Share Posted April 21, 2003 Well, it went nowhere, but at least it went nowhere... I think it's waiting for Doc to come back. I know I am. In the immortal words of Snoopy, bleah. Link to comment Share on other sites More sharing options...
Slothrop Posted April 21, 2003 Report Share Posted April 21, 2003 Most significant technical analysis of the day: VIX new low. That measure is a runaway train of complacency. Link to comment Share on other sites More sharing options...
BeerMarket Posted April 21, 2003 Report Share Posted April 21, 2003 PCS missed / warned, might help push ADVP (someone here mentioned that one) over the edge Link to comment Share on other sites More sharing options...
wndysrf Posted April 21, 2003 Report Share Posted April 21, 2003 Today should have been the day. Why didn?t Al Green shovel in a giant 28-day Repo Blast today? Why didn?t we see a major OEX futures spike? We are so close. Why didn?t he take advantage? Notice how the server at INO.com crashed this afternoon. Why is that? Because thousands of nervous hands over at the FEED, the Treasury Department, the Exchange Stablization Fund, the Bank of Japan, the European Central Bank, the Bank of England, and all the rest were hitting the refresh button too often. Ever notice why Al Green and Toshihiko Fukui wear long sleeve suit jackets in public? That?s because they are wearing those carpal tunnel syndrome wrist braces. The same ones you see the cashier at Target and Home Depot wear. Why the anxiety? Why hit the refresh every half second? Because gold, oil, and the U.S. Peso were going the wrong way today, Can the stock market really get jammed with another massive Pyramid floatation without having adverse consequences on the commodities? That is why there was no jamming. Too much at stake by lighting the fuse of the Commodity Rocket. That is why so many concerned ?officials? were hyper refreshing on the Bloomberg terminals all day, which caused ?Temporary Server Difficulties? over at INO.com from so much overload. Notice how we are getting close to the Exhaustion stage. What is that? That is when the Supermodels have already been ?done? by Da Boyz, so they move on to lesser quality soap opera actresses, like EMC, DYN, MIR, AES, etc. Best to lay off the Glamazon chicks because they are too high maintenance. More ?bang? for the buck by going after the real psychos, the low grade screamers and moaners for 14% daily runs. That usually happens at the end of the MTV Spring Break party. The high quality Supermodels, worried about their reputations, refuse to put out the last few days. They need a rest to ?confirm? that you are really interested in them as ?a person?. So Da Boyz move on to uglier, but easier targets, which are usually quickly abandoned after a brief romping. In a real bull market, all the girls are chased simultaneously, since there are enough ?buyers? for all the girls, regardless of their appearance. Problem now is that there are way too many girls to receive enough attention from too few HedgeHogs, so the rotation game gets extreme near the end of the move. Notice all the discussion about the VIX and VXN. Don?t forget that after the March Madness highs last year, the fear gauges actually held at low levels, as the pullback from those highs was considered ?bullish?, as everyone was buying. So a top can be put in without an immediate reversal in the VIX. Don?t forget to listen to Roger Arnold. His show is getting better by the day. Tom O?Brien got so hysterically bullish, he agreed to get married to his girlfriend. So Damon Vickers will be subbing for him this week. Apartment Mania is in full swing. Three new deals came in this week. Full blown multifamily buying hysteria, gotta buy a property at any price. So I must get back to work? Link to comment Share on other sites More sharing options...
Guest Posted April 21, 2003 Report Share Posted April 21, 2003 Today should have been the day. I was wondering same thing. I had prepared myself for a huge gap up over 1440 and a flagpole rally by EOD over 1460. Link to comment Share on other sites More sharing options...
Guest Posted April 21, 2003 Report Share Posted April 21, 2003 Greenspan to undergo prostate surgery Tuesday Fed Chairman Alan Greenpspan will undergo prostate surgery Tuesday, the Fed said Monday. He had a similar procedure in 1994. The chairman is expected back to work later this week, although the surgery will require a short hospital stay. This has got to be good for a few yucks, but for the life of me I can't think of one. Link to comment Share on other sites More sharing options...
ShamPoo Posted April 21, 2003 Report Share Posted April 21, 2003 Apartment Mania is in full swing. Three new deals came in this week. Full blown multifamily buying hysteria, gotta buy a property at any price. So I must get back to work? New Century takes out $35.05 one-yr high set June 2002 Link to comment Share on other sites More sharing options...
Guest Posted April 21, 2003 Report Share Posted April 21, 2003 Mark likes to listen to Roger Arnold. So do I. On today's show, Roger suggested that everyone read John Hussman's latest market call. Here is a quote and link to the full article by John Hussman -- "Still, with valuations still above normal, how far could an advance really be expected to go? My opinion is that it would be difficult for a market advance to run much beyond about 20 times prior peak earnings. Except for the most recent bubble, that level has historically put a cap on the market. Still, that's about 19% above current levels. In price terms, a 1/3 retracement of the S&P 500's peak-to-trough bear market loss would take the index to 1027, still 15% above current levels, and a fairly minimal target even within an ongoing bear market. A retracement of half the S&P 500's losses would take the index to 1152, about 29% above current levels. This figure would also be within historical precedent for past bear markets, but it would require the market to reach valuations that would be difficult to sustain. Suffice it to say that neither overvaluation nor poor economic fundamentals prevent the possibility of a substantial market advance. But again, we don't forecast, we identify. If the Market Climate becomes favorable, we remove a portion of our hedges. If it becomes unfavorable a week later, we put the hedges back on. No forecasting required." Link -- http://hsgfx:[email protected]/hu...ates/latest.htm Link to comment Share on other sites More sharing options...
PileDriver Posted April 21, 2003 Report Share Posted April 21, 2003 Well, it went nowhere, but at least it went nowhere... right on schedule http://www.crystalball-forum.com/merlin/index.html Link to comment Share on other sites More sharing options...
Metamucil Posted April 21, 2003 Report Share Posted April 21, 2003 Greenspan to undergo prostate surgery Tuesday Fed Chairman Alan Greenpspan will undergo prostate surgery Tuesday, the Fed said Monday. He had a similar procedure in 1994. The chairman is expected back to work later this week, although the surgery will require a short hospital stay. This has got to be good for a few yucks, but for the life of me I can't think of one. They will likely inject him with horrible mind-altering substances, then expose his genitals....followed by insertion of a surgical device, via the urethra.....slowly thread it up to just below the neck of the bladder, and then a ballon will be expanded........which then pushes the enlarged prostatic tissue away from the blocked urinary tract; this will be followed by insertion of a catheter, from which blood, urine and a variety of secretions are drained, postoperatively. More mind-altering substances will be used to ease the vicious distress.......and the catheter eventually removed, while fully awake Blood clots will be seen for a few days, in the perhaps-cloudy urine. Horrible antibiotics may also be used, to prevent infection . SARS patients could also be in the same hospital Sex drive can be affected.........and Viagra may no longer work. Andrea may hedge her bets and grab another guy on the side . He could then return and jam, as a revenge tactic.......................so, beware the Lizard's post surgical, added impotence On another potentially surgical note: Gangrene begins, again: 895 resistance looks quite solid. My stops are at 905. Link to comment Share on other sites More sharing options...
Madame Wrecked Him Posted April 21, 2003 Report Share Posted April 21, 2003 Notice all the discussion about the VIX and VXN. Don?t forget that after the March Madness highs last year, the fear gauges actually held at low levels, as the pullback from those highs was considered ?bullish?, as everyone was buying. So a top can be put in without an immediate reversal in the VIX. If the ratio of the vix to its 200dma is going to form the same pattern that it has held during this entire bear market, the vix reversal should coincide with the top. Today's vix is now at 68% of its 200dma. That's a bear market low, and matches the low from July 99, which occurred one day before an IT high. My bet is that we get one more up move at tomorrow's open with a good chance at a lower close. I don't believe the vix is going down much further. MWH Link to comment Share on other sites More sharing options...
Madame Wrecked Him Posted April 21, 2003 Report Share Posted April 21, 2003 Also, the RSI of the vix has fallen to 27: Link to comment Share on other sites More sharing options...
5thelement Posted April 21, 2003 Report Share Posted April 21, 2003 Yup, I went to INO.com and it takes 3-5 min per screen refresh still. Gotta find another Currency site fast!! in case I miss the US$'s fall!! Link to comment Share on other sites More sharing options...
Madame Wrecked Him Posted April 21, 2003 Report Share Posted April 21, 2003 SPX is up against some strong resistance: Link to comment Share on other sites More sharing options...
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