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#31 Tchaikofsky

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Posted 06 December 2002 - 09:52 AM

Business - Reuters

Stocks Set for Soft Start, Jobs Data Loom

NEW YORK (Reuters) - Stocks are poised for a soft start on Friday with the market's two-month rally in danger of ending, but a closely watched reading on November's job market may color sentiment before the opening bell.

http://story.news.ya...rkets_stocks_dc

Hope there's none of that "no panic" selling today. :grin:

#32 richmtn

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Posted 06 December 2002 - 09:54 AM

rich, I always wondered what your avatar was. Now that I see it disappearing and leaving only the smile behind - is it the Cheshire cat?

Regards,
Vesselin

`I didn't know that Cheshire cats always grinned; in fact, I didn't know that cats COULD grin.'
...

The Cat only grinned when it saw Alice. It looked good- natured, she thought: still it had VERY long claws and a great many teeth, so she felt that it ought to be treated with respect.

`Cheshire Puss,' she began, rather timidly, as she did not at all know whether it would like the name: however, it only grinned a little wider. `Come, it's pleased so far,' thought Alice, and she went on. `Would you tell me, please, which way I ought to go from here?'

`That depends a good deal on where you want to get to,' said the Cat.

`I don't much care where--' said Alice.

`Then it doesn't matter which way you go,' said the Cat.

`--so long as I get SOMEWHERE,' Alice added as an explanation.

`Oh, you're sure to do that,' said the Cat, `if you only walk long enough.'

Alice felt that this could not be denied, so she tried another question. `What sort of people live about here?'

`In THAT direction,' the Cat said, waving its right paw round, `lives a Hatter: and in THAT direction,' waving the other paw, `lives a March Hare. Visit either you like: they're both mad.'

`But I don't want to go among mad people,' Alice remarked.

`Oh, you can't help that,' said the Cat: `we're all mad here. I'm mad. You're mad.'

Alice In Wonderland

We're all mad here. Remind you of someplace?

#33 cyclist

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Posted 06 December 2002 - 09:55 AM

Good news is good news, bad news is good news.... to good news is bad, and bad is very bad....

Simple Guy - You Bad!!!!!!

#34 cyclist

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Posted 06 December 2002 - 09:57 AM

Simple G

Do you have SPX targets as well?

#35 Cchan

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Posted 06 December 2002 - 09:58 AM

let's guess the feed today, i guess 6-7 billion

#36 sweefraapp

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Posted 06 December 2002 - 10:01 AM

MXIM pre market

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#37 sweefraapp

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Posted 06 December 2002 - 10:03 AM

We could get a blow off bottom here.
Watch those numbers.

#38 GregFokker

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Posted 06 December 2002 - 10:05 AM

A "soft" opening? ROFLMAZZZOFF! It's going to be HARD.

...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech

Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny

Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty


#39 ShamPoo

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Posted 06 December 2002 - 10:08 AM

Now looks like a pop up following a smack down.

SG, you thought two weeks of this, so why not just hang out for a couple. Then what?

Thanks Glad for AM brain bubbblers
Thanks Greag for the always on AM charts

#40 Rockhead

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Posted 06 December 2002 - 10:09 AM

Rock: My gap indicator when "gap down" after hour.

About the risk of not being short: The risk is in being long. I like cash. Could have gone the other way.

Sweef

I would like some more details on this "gap indicator" of yours, if you are willing to share.

I agree, the risk as of late, is being long, not short. It is a bear market and will be for a long time. However, it all depends on the time frame you like to trade. I do hold core shorts, physical metals and some miner stocks for the long haul. However, most, if not all of of my comments made here on IDS are strictly short term....day trader stuff.

#41 BubbaBear

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Posted 06 December 2002 - 10:11 AM

wndysurf- they look like they would bounce (speaking of your avatar)

#42 ShamPoo

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Posted 06 December 2002 - 10:13 AM

still no ROOM or SLAB to short on DayReck

#43 DrStool

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Posted 06 December 2002 - 10:17 AM

Pre Market Update

For the first time there are a large number of preliminary downside cmaps in Suctors and Stoolwethers

wndy- you had a sex change? :P

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#44 machinehead

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Posted 06 December 2002 - 10:17 AM

The dismal employment news has provoked great consternation within the Fed. They can and will cut another quarter soon (the 'neutral directive' at the last meeting is already a millstone round their necks). But the cuts are becoming too small in relation to the size of the task.

Dollar devaluation is the last arrow in the quiver. But slitting the throats of the europeans and japanese to save ourselves would only send the world economy into a death spiral.

What to do? Uncle Al had a brainwave last night. We must do the same thing Franklin Deficit Roosevelt did in those dark days of 1933: devalue the dollar AGAINST REAL MONEY: i.e., gold. So Al and Paul O'Neill put the word out to JPM last night: start closing those gold shorts over the next few weeks. The new target price is $350. 'Corporate pricing power' is the byword.

You can see the results already this morning. Gold is a small market, so the trades will have to be done cautiously and incrementally over several weeks to avoid spiking the market. The future looks golden.
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#45 sweefraapp

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Posted 06 December 2002 - 10:18 AM

The crapvision gold ticker has different numbers than the one at the bottom of the screen.





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