PileDriver Posted January 30, 2003 Report Share Posted January 30, 2003 e-gad, we're up a measly 2% off the recent lows and most everyone is already nervous having paranoid visions of huge melt-ups, jams, blagh, blagh and trying to outwit the market's next turn up when it hasn't even given any substantive signs whatsoever of a significant turn or pivot point. I guess this is a form of slope-of-hope which means we continue to grind lower. Hey, fine with me - wake me up when we get there :grin: Link to comment Share on other sites More sharing options...
wrecked him Posted January 30, 2003 Report Share Posted January 30, 2003 PileDriver Just needed to hear the voice of reason. I'm OK now, really I am. Should listen to Madame WH more often. Must remember. Note to self. Listen to wife more attentively. Link to comment Share on other sites More sharing options...
midnite lightning Posted January 30, 2003 Report Share Posted January 30, 2003 Slinger winger: Nice charts! I think naz is cooked. I believe a downside breakaway gap happened. Need 10 to 14 days to test, if fails, down she goes. Looking at the time line of the un meeting and war projection, I think will never get filled Looking at all the h/s on the indexes and the immediate future, this will be a doozie of a ride. Gdp tomorrow, consensus is .9%. Think about it, last reading was 4%. If they are right and it comes in at .9 or 1.5, think of the implications of it. This economy is toast. Double dip rip and strip is knocking. Now mix it with green eggs and sadham and the bears will have a fiesta. CYA Link to comment Share on other sites More sharing options...
MrHanky Posted January 30, 2003 Report Share Posted January 30, 2003 after all the charts I've seen,and all the ones posted...I see absolutely nothing bullish at all,especially longer term.looking at long term charts it looks like a magnet to 600 on the s&p to me.the short term swup does not have great volume and it is concentrated in just a few stocks.if mmm drops 25% alone the dow is in big trouble...thats a few hundred dow points right there,isn't it? we rallied to resistance on the s&p...we should retest it tomorrow morning (maybe rally through it a point or 2)and drop again I'm not the best technician,but thats what i see Link to comment Share on other sites More sharing options...
Hiding Bear Posted January 30, 2003 Report Share Posted January 30, 2003 Polyp - well said, welcome. I can't post copyrighted material available through my work, but it seems that Defense Dept. now thinks that Iran already has a small nuclear arsenal - or at the least the ability to soon make one. Can you spell NUKlear Prolifferation? We will be hearing more about Iran and NK soon, as we heard last night in the SOU that they got our attention. Anyway those Furriners may decide one day that those little green pieces of papar are no longer wanted if we don't want to play nice. Link to comment Share on other sites More sharing options...
Hypertiger Posted January 30, 2003 Report Share Posted January 30, 2003 All policies of any government that derives it's political power from Fractional Reserve Banking whether Totalitarian dictatorship, Republic or Democracy are biased in favor of and forced into the perpetuation of Debt/money created out of thin air with compound interest attached. That?s why conservatives eventually look like Hypocrites and Liberals like mindless spend-o-holics and why the two party system in the United States of America appears to be ?one? or dysfunctional. The policies of Governments that use Fractional Reserve Banking are subservient to compound interest? If Compound Interest is not paid the ?Power? to implement policies to maintain power ?shrinks? in proportion to the reduction in the monetary base or money/debt supply. If the policy is not changed to support the payment of compound interest on money/debt created out of nothing the government will either lose power or ?mutate? into something different than what it started out as? That is the explanation why politicians say one thing but do the other? because the advocation or enactment of policies or laws which curtail the central banks power to charge interest on money/debt created out of thin air is ?political? suicide because the monetary base Deflates, the economy slows down or collapses and the ?People? or ?Subjects? become angry and can easily be incited to depose the ruler or government while the opposition is waiting in the wings encouraging the people to do this, because when they get into ?power? or are the government they promise ?Things will change for the better? and the resumption of Compound Interest attached to debt/money created out of thin air to pay the compound interest on the previous money/debt created out of thin air will allow the ?new? Government to appear to have solved the problem and maintain ?power? and the ?status quo?. Central bankers ?divide and conquer? the opposition? A Central Bank is where ?Political Power? (Money/Debt) emanates from. The Governments of the various nations that depend on Central Banking to ?manufacture? their political power for them are merely the ?Hired help? or Administrators of the people. To call them Leaders or Rulers is signifying that they control the nation when in fact the ultimate power in a nation which has fractional reserve banking as the basis for its ?political power? (Money/Debt) is the group or persons that control the central bank? Forget Democrats and Republicans they are DOA... Link to comment Share on other sites More sharing options...
midnite lightning Posted January 30, 2003 Report Share Posted January 30, 2003 Mr. Hanky: Every one of them looks bullish if you look at them upside-down. Ouch! Damn neck hurts now. CYA Link to comment Share on other sites More sharing options...
brian4 Posted January 30, 2003 Report Share Posted January 30, 2003 Habits-Read my post again- I said a pox on both their houses-both have produced hero's and zero's-the last few have been zero's-that is apolitical baby! trade safe! Link to comment Share on other sites More sharing options...
The End Posted January 30, 2003 Report Share Posted January 30, 2003 OH, What's Up. Skip over the diatribe involving politics. A case in point. I have no clue as to what you are reffering. Link to comment Share on other sites More sharing options...
slinger Posted January 30, 2003 Report Share Posted January 30, 2003 Thanks midnight! One more for the nightcap, the NDX should be heading down at the open tomorrow. Based on recent history of the stochastic crossdowns above 70 coupled with an RSI at 50 or above, this seems to be high odds in the bears favor. Good night stoolies! Link to comment Share on other sites More sharing options...
wrecked him Posted January 30, 2003 Report Share Posted January 30, 2003 One man's theology is another man's belly laugh. Same applies for politics Link to comment Share on other sites More sharing options...
Yaryman Posted January 30, 2003 Report Share Posted January 30, 2003 About 2 years ago a friend of mine wanted to borrow money to buy some stock. I told him it's never a good idea to do that. It would have been worse than a bad idea for him. He worked at SUNW, and wanted to buy some SUNW stock. It was at $27 or $28 at the time. Fast forward two years. Today MU anounces they are selling $500 million in convertable debt. Makes sense, they are losing money every day, and might have gone broke this year without more cash. (they might still) Here's the kicker: "The company said it intends to use about $80 million of proceeds to enter into contracts to help limit the potential dilution of its common shares from the convertible issuance." http://biz.yahoo.com/rf/030129/ba_tech_mic...ron_debt_2.html So today we get MU borrowing money to buy OPTIONS/LEAPS. What bear market? Link to comment Share on other sites More sharing options...
midnite lightning Posted January 30, 2003 Report Share Posted January 30, 2003 Hyper: Are you sure you are not an international spanker? Amazingly brilliant! Hats off to you buddy. CYA Link to comment Share on other sites More sharing options...
The End Posted January 30, 2003 Report Share Posted January 30, 2003 Die hard, You have a pm. Peace brotha. :grin: Link to comment Share on other sites More sharing options...
Slothrop Posted January 30, 2003 Report Share Posted January 30, 2003 Slinger, that NDX chart looks like a saucer bottom to these tired TA eyes. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.