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#16 ThorAss

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Posted 26 November 2002 - 12:21 AM

Just posted my Gold Update here.

Looks grim for the next little while (4-8 days) to a tradeable low. This bearish short term would be negated by a close above 120 Tues or Weds.

Also check out the results of my Neutral play here.

Here's a thread about what I'm doing instead here.
I have many opinions; but I strive not to act on them.

#17 depends

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Posted 26 November 2002 - 12:21 AM

Space update.
A very unusual solar gravity wave event happened yesterday.
http://www.cyberspaceorbit.com/


Today (11/25) this event is affecting Earth.
http://elfrad.com/gravitywave.htm

Just something to keep in mind. Hopefully
this will not cause difficulty.

#18 BAREister

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Posted 26 November 2002 - 12:37 AM

:lol:

Want a laugh, head over to Ciggybutt's post on the old LOB called BARE's Story. See the films; I just added mine, then make your own. Let's see how ceative we are. :ph34r:

Ass CALVIN would say to HOBBES (indignantly, of course):

HmmmmmmmmmMMMMPPPFFFF!!!

or, ass the Queen (Bee?) would say:

"We are SNOT amuzed!!!"

lettuce SNOT see how "creative" we can be.

Tia.

LOL
"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

#19

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Posted 26 November 2002 - 12:41 AM

Hi Tweety (thanks Torah Man)..

Ok still looking yummily bearish here, looks like the index doing the razor's edge thing so be at least another day in it with luck. Golds going down as well which is a bummer but I've yet to read your reports ThorAss, will do soon as market closes..

#20 Takachi

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Posted 26 November 2002 - 12:47 AM

I was watching almost every tick of ELX this afternoon and its ready to go. Perhaps a big feed will keep it up a couple days, but it sure looked tired and worn out.

#21 Guest_Guest_*

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Posted 26 November 2002 - 01:04 AM

Hey Guys,
Well Brian you are certainly consistant. No offense but since this rally began, virtually, you have watched the futures and Asia go lower and called for "hard down" or "rally over" on the evening board. I guess if you stay with it long enough you are gonna be right.
If you all will recall back in the Jan-May time frame Mark wondered for SEVERAL WEEKS how amazing it was that the Vix could stay in the "complete complacency" area. We are still not even there yet. BE PATIENT, it is still too early to short this market.
If, and only if, the market breaks below S&P 895 would I start to slowly ladder into short positions. Conversely, and FAR MORE PROBABLE, is that we get a pullback to that level which holds. I am going to go long at that point with 50% and add another 50% if we can break above the 965 level.

#22 brian4

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Posted 26 November 2002 - 01:09 AM

Torah-I was replying to Imagine who posted on the old thread-that the rally would continue-bless his heart-right church-wrong pew. Asia is getting their ASS kicked-when you've been at this as long as I have-you KNOW when it's OVER-MERCY do you COPY?? "You gotta know when to hold em-know when to fold em" I just raised ! Tradee safe!

#23 brian4

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Posted 26 November 2002 - 01:15 AM

Fair comment GUEST: I'll tell you what- I'll give my year to date stats to DOC and you give yours-and if YOU are ahead of ME I'll give you a public apology and vice versa-DEAL? Trade safe!

#24 Hypertiger

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Posted 26 November 2002 - 01:22 AM

Almost looks like flat line…

This “Thing” (abomination) we call the market or Wall Street has truly become worse than what anyone can possibly imagine…

Do investors exist anymore? I say no… The markets are associated with concepts like riverboating and casino the only “investors” in Las Vegas are the people that build casinos. Other double speak in the financial world such as “speculation” is just a nice way to say “gambler”.

Wall street likes to associate itself with the concept of investing but only the high rollers with the inside scoop seem to be able to invest enough to get any return. Where does their return come from? The gamblers who show up every day in search of the big jackpot.

But there is a deeper reality to all this namely the World banking system is dependant on the performance of the Riverboat called Wall Street, the banks are not separate form Wall Street. Take away the banks and Wall Street disappears or take away Wall Street and the banks disappear. The Banking system and Wall Street have now reveled to everyone, that has half a brain, that all the banks really care about is wall street and all wall street cares about are the banks, the “economy” or “civilization” is just a secondary consideration now in this day and age… Face the facts the United States of America is slipping into the worst economic calamity in living memory, The Constitution was basically all but ripped to shreds and thrown in the garbage with the signing of Homeland security today, The Elections are rigged, not even 50% of people vote any more, The politicians in Washington are pigs at the trough basically mindless rubberstamp yesmen, George Bush is close to dragging the U.S. into a WAR of conquest by wiping a city of 6 million off the face of the Earth, and the Media is reporting nothing but propaganda to the masses to put them to sleep.

Some time next year The U.S. economy will start to collapse in a very noticeable way and at the same time Iraq will be having bombs rained down on it… Wall street and the Banks will start to buckle because they will finally realize that they need a functioning economy to survive Wall Street doesn’t contribute nothing to nurturing a sustainable functioning economy, all wall street does is drain the economy. The Banks? Well the FEDERAL RESERVE is pumping the “blood” of the economy into Wall Street so that all the “financial assets” or DEBT can be manipulated in a way to give people/sheeple the impression that everything is fine. The NEW BULL MARKET is here, it’s a bit late, but next year everything is going to recover so go the the banks, borrow and spend. Wrong it’s only going to get worse. How worse? Before 2003 ends the world financial system is going to collapse why? The New Bull market is just more smoke and mirrors created by the FED/Wall Street dynamic duo to get the last suck of other “peoples money” before it ceases to exist. Hyper what are you talking about? It’s plain to see the U.S.of A doesn’t have a functioning economy any more, it’s over… The markets are staggering and limping, the credit markets are a smoking ruin and “the real” Unemployment rate is about to kick into high gear, and the clash of civilizations is about to begin…

Do you think that there is a future? Seriously…No, there isn’t. 2003 will be the eye opener… taxes will shoot up, food will shoot up, Oil will shoot up, The money supply will shrink, Home equity will be wiped out, and the mutual funds which the “BOOMERS” thought were going to provide them with retirement security will be sold off or become worthless… And maybe then people will realize what fools they truly are…

What’s going to happen tomorrow? If I knew the answer to that I wouldn’t be here.

But they are going to have to have a correction soon to make it look good…Maybe tomorrow because the feed they blew today barely scraped them by...

If it looks like I' m typing/talking to myself, your right just thinking out loud...
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...

#25

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Posted 26 November 2002 - 01:29 AM

You are not. You know I'm reading it. You see my name at the bottom. Nice try. If you want to talk to yourself you're going to have to do it someplace else. :D (My grin is not the same without my teeth).

#26 Drano

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Posted 26 November 2002 - 01:35 AM

Maybe that's the problem, Mousey -- all us bears have lost our teeth! :D :(

Hey, what is this thing supposed to be, anyway? :ph34r:
Of course I'm caustic!

#27

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Posted 26 November 2002 - 01:37 AM

You're on your own now Hyper I've got to sign off. I'm traveling down to My Ol' Virginee Home for a couple of weeks tomorrow. Next time you hear from me I'll be down in da land o' cotton, ol' times dere are not forgotten etc. so on and so forth much to my lament.

On other thing before I go . . . Drano, . . .that's a Muslim Smiley.

#28 Drano

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Posted 26 November 2002 - 01:43 AM

Good one, Mouse. Have a safe trip.

Did you know that British diplomats get hardship pay for living in Washington because of the sub-tropical climate? At least it won't be sub-tropical right now.
Of course I'm caustic!

#29 Hypertiger

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Posted 26 November 2002 - 02:03 AM

Thanks mousey Run away, run away... :blink:
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...

#30 Drekula

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Posted 26 November 2002 - 02:38 AM

very lonesome here tonight. could be a nice contrary indicator too...

anyways, I am expecting a 'better than expected' GDP and consumer #s tomorrow followed by a 'sell the newz' routine (more wishful thinking on my part). Frankly, if GDP comes in at 4%, then what are we to expect next year? 6%??? It can only go down from here (more likely to, anyway).

A couple of mid-quarter updates in tech names AH. The twist is, the market no longer expects absolute worst from techs as a fair degree of earningz (?) recovery for Q1 '03 is already priced in. Tonight in Taiwan, UMC stated that its #s are on track for Q4, but it does not expect to raise its Q4 guidance. Stock sold off on that newz. 2 weeks ago it would have rallied hard...





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