It's always a pleasure to share TE.
Tanks for sharing Mousey.
Good for you man.
170 replies to this topic
Posted 20 February 2003 - 07:46 PM
Posted 20 February 2003 - 07:47 PM
I started my shorts on Jan. 10 and after this OE week, I got sqeezed out of most of my money, but I am still ahead by 5%. Still have my shorts, too stubborn to cover. Is it better to cover during OE Week?
Mark, I read the Mark to Market everyday and I really enjoy it. One of the many reasons I joined this great site.
Posted 20 February 2003 - 07:51 PM
Soros - nice Zeal info!
Although I am getting a $CPC 21 day of 0.92?
Posted 20 February 2003 - 07:51 PM
The Signs of the Market's impending doom are all around us-but still the beast keeps performing it's Wylie E Coyote over the cliff-anti gravity act-but like Wylie it has to fall-but when?Think about today-Inflation bursts upon the scene-the trade deficit goes to the moon -farm exports fall for only the 3rd time in 30 years- Manufacturing activity for the month is zippo-Merrill is fined 80 MILLION dollars (but admits no wrong doing-ya right!)-JPM is fined 8 MILLION (but admits no wrong doing) THERE IS A TREND HERE FOLKS! The wheels are indeed starting to come off! I am 100% short and much of my ladder is solidly in the GREEN-like the END I damn near took some profit today. I smell as I said last night a bounce-but as SHRUB would say-the evy dense say's otherwise. If it bounces it will be manic and brief-the big drop is dead ahead. Good news is hard to come by and there's this WAR thingy-Trade Safe!
Posted 20 February 2003 - 07:52 PM
Whatever happened to Bob Chapman's International FURcASSter? Can't seem to find any updates on www beyond mid Jan or so.
"The sphinx set riddles for people which they could not solve and the sphinx devoured them." Russian poet Ilia Ehrenberg reflecting years later upon the debacle of the Bolshevik Revolution and civil war
"In any case, experience shows people are unlikely to change their ways without a cataclysm of existential proportions" Meinhard Meigel, German economist and demography expert on his prophecy of a Wagnerian abyss of social and economic chaos
"We believe that here is no easy way out of this mess, and that the chance of a benign outcome, while hopefully possible, is quite low." Comstock Partners 3-17-2005
"Not without a shudder may the human hand reach into the mysterious urn of destiny." Junk email promoting the sale of Valium, Viagra, Soma and Cialis. Of course, we AMERICANS need not WORRY about such CLAPTRAP!!!
"The trouble about myths, or lies, is that those who foster them are stuck with them." Edward Crankshaw
"I don't buy the idea that a crash will come without warning. There are always warnings. All crashes have certain common technical preconditions." Doc (snorjt)
"YOU look IMPORTANT. Are you important, or just....WEIRD?"
"Bob I am" at a political gathering, to HRFF, 9-29-04
"Are YOU C.I.A.???"
"No, I'm not "CIA"."
"Well, you sure LOOK LIKE you're C.I.A.!!!"
Lead singer of the rock band KISS to HRFF at a luggage carousel at SeaTac airport circa 1996
"Unlike you, I use words people can understand." Doc
"America at the moment, with its faith-based currency, faith-based economy and faith-based government, might be a heaven for those who love faith, but it's a hell for those of us that respect evidence." The Daily (W?)Reckoning, circa 9-17-04
"What should be clear at this point is that even huge fiscal stimulus and unprecedented financial excess are incapable of fostering a sound and self-sustaining economic expansion. The paramount issue, today and going forward, is the deeply maladjusted U.S. economy and its increasing unresponsiveness to even enormous yet misdirected financial stimulus. Both the Financial Sphere and Economic Sphere are severely maladjusted." Doug Noland's Credit Bubble Bulletin, Aug 24 '04
"U.S. dollar purchasing power relies almost entirely on the difference between interest rates in Japan and the higher rates in the United States." Warren Pollock, Prudent Bear essay circa 9-04
"What about your replacements? the Children. What do we tell them when the whole thing caves in?" HyperTiger
Posted 20 February 2003 - 07:53 PM
I sold some LSI today that I bought last week on that silly Chartered Semi news...
block bought at 3.83 sold at 4.47
I'll be looking to short some equipment makers if this SOX rally extends into tomorrow. That group is toast.
Posted 20 February 2003 - 07:54 PM
Normally, intraday cycles are nearly impossible to read during scam week. Not so this week however. The last two days in particular have had no surprises. Cmaps are actually getting hit on time, with little overrun or undershoot.See Stooltrading. Today especially. I was actually shocked at how quiet things were. This market really looks exhausted after the Snowzilla blowoff on Tuesday.
The principle of synchronicity tells us that all markets move together, more or less, both intra and inter-nationally. As long as I have been watching the tape, which is about 35 years off and on, I have observed this to be true. Stocks move together. Kindlebarger talks about the phenomenon in Manias Panics and Crashes. It was true even before the days of electronic communications.
Watching both the Nas and SPX minute to minute, I have not seen them moving together more than normal. In fact they have diverged quite often. The Nas has been far stronger in recent weeks than the big cap blue chip indices. This is evidence of overspeculation and mania symptomatic of a major top.
This is one sick market.
If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!
Posted 20 February 2003 - 07:59 PM
Tanks for sharing and good trade.
We don't see enough of you. Tanks for the pearls.
NONE of what I type, should be taken as financial advice.
And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.
Posted 20 February 2003 - 08:00 PM
I was amazed that the nas held out so well with all the neg numbers while the dow kept dipping. Upgrade this Upgrade that, bah..
Posted 20 February 2003 - 08:03 PM
Heads up GregF,
you better find that gold and get lost eh?
Posted 20 February 2003 - 08:04 PM
By the Way- The GTN indicator has performed flawlessly it ranks right up there with e-waves and t.a-Trade Safe!
Posted 20 February 2003 - 08:05 PM
If my memory serves me correctly, there was a period near the end of the great bull market of the 90s when the Nasdaq handily outperformed the Dow and SPX... Eventually the Dow stocks caught up, but for awhile there, there was a stigma in Dow stocks, and the boys down on the floor were relieved when the divergence ended... Trying to remember if that was about the time they added Intel and MSFT to the Dow... No question about it though, pure speculation abounds... they aren't buying these techs for dividends, that's for sure....
Posted 20 February 2003 - 08:06 PM
To bad you are not on IDS during the day Brian, you could get a a gander at how my bowel movement/market movement tool works.
Posted 20 February 2003 - 08:08 PM
thanks End & LOU. End, since you asked, i was flat today since i hold crazy shit like SPX puts 100-200 pts out of the money (which might explain my question). been making some bold bets in the Maximum Acceleration account since mid-january.
nice pitch doc, the hook is stuck in my mouth. i think it was the image of the MP&C cover that did it. while i'm at it, which is the best livermore book?
Quod Severis Metes
Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here.
You haven't answered my question.
Quite right. Interesting. That was quicker than the others.
Posted 20 February 2003 - 08:09 PM
hilarious...kind of like my borker too, errrrr.....ex-borker.....short 'em to zero!
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