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Sudden Recoil


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#346 longOnUranus

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Posted 03 March 2003 - 02:30 AM

Whooa!

The last time I saw a message board this acrimonius, it was PruBear. They kicked The Professor and several other rabble rousers off for altercations with similarities to tonite.

It was about 3-4 trading days before 9/11.

I was blown away (but not out) during March Madness, but I recovered (the nice thing about options is that you don't hafta worry about margin calls). The 9/11 tragedy was a totally empty win for me. So I guess, in a sense, I'm 1-1-0 in the shorting mega challenge (BIG cycles only).

Similar circumstances evoke similar emotions; the chance of a big win vs. a big loss. A gambler mentality? However, insanity is doing the same thing over and over and expecting different results. More gambler mentality.

But, it works both ways. The mother of all fingers followed by the mother of all rectal exams. I think I'll wait it out, maybe lighten up a little if the day doesn't turn around. There's too much precedence here to totally wipe the Bear Slate clean.

IMHO.

edit - as I noted a few days back, the news IS noise because this is THE rally which was going to happen, peace or war. This rally WILL be sold; if this rally is strong enough, when we go down, we may not go up for the rest of the year.

Too many longs (and shorts) will have gone broke.

The purpose, alas, of a bear market.

#347 Guest_BEARDRECH_*

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Posted 03 March 2003 - 02:56 AM

Will anyone out their who is familiar with the pre-bowdlerised editions of Shakesbeer  let me know if PETARD in Hamlet was a literal reference to what passed for a renaissance grenade, or was it a humerous metaphor for FART--
  Somehow hoisted by a grenade doesnt fit
  i'D REALLY LIKE TO KNOW AS WELL AS WOULD MILLIONS OF OTHERS
beardrech B)

Dearest Beardrech, just caught your post.
Thorass, aka Dr. Gold, and I had the same discussion some months ago! :lol: Here is the history of petard courtesy of the American Heritage Dictionary.

Word History: The French used pétard, “a loud discharge of intestinal gas,” for a kind of infernal engine for blasting through the gates of a city. “To be hoist by one's own petard,” a now proverbial phrase apparently originating with Shakespeare's Hamlet (around 1604) not long after the word entered English (around 1598), means “to blow oneself up with one's own bomb, be undone by one's own devices.” The French noun pet, “fart,” developed regularly from the Latin noun pditum, from the Indo-European root *pezd-, “fart.”

--------------------------------------------------------------------------------

Source: The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2000 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.

mousey i thank you from the bottom of my far* i mean hart imean heart,i dont mean "mean heart" nither do i mean to demean the meaning of your meaningful reference to the american heritage dictionary which only happens to be inches away from where my excretory exit is-- in sh*t i mean in short i thank you for waking me up to the fact that i could have solved that lingo-semantitic (please dont accuse me ofbeing anti-semantic now) dillema all by my lonesome if it werent for a pampered existence by that i mean that everyone in my home has his or her own drinking glass--in any case from now on i wont put you through the choresome task of looking into the dictionary for me BEARDRECH :grin: :) :P :P :P

#348 Donovan's Reef

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Posted 03 March 2003 - 03:01 AM

Last time I saw this much action is when Gilhooley came ashore.

DR

#349

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Posted 03 March 2003 - 03:04 AM

Bearrister, given we do get a false breakout above 853, how high does Inger think we can get to short-term before heading down..and when?

Btw, I think saying we can get to Dec highs just because we run a few short stops above 853 is stretching it.

#350 Guest_BEARDRECH_*

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Posted 03 March 2003 - 03:12 AM

I'M OFF TO SLEEP NOW-I MUST WAKE UP ERLY in the morrow to contribute my 15 year old Pontiac Lemanz to the salvation army which in this case should be called the Salvaging army-
So ashamed am i for having drivien this piece of rolling grey garbage(which i purchased 2 years ago} that in the morning i will be wearing a paper bag over my head
The car is in such bad shape that i had to resort to little white fibonnacis in describing it(formerly owned by the ex-king of Romania etc)--

i also wear the disguise because previous contributions by me to other eleusomanary(sp?) institutions induced them to put me in a rogues gallery of contributors under the heading NEVER ACCEPT ANYTHING FROM THIS PERSON-- i was once turned down for donating a car too unsafe for the demolition derby-- :grin: :grin: bdrech

#351 BAREister

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Posted 03 March 2003 - 03:18 AM

Inger's ceased yapping about a false breakout. THAT wuz lASSt week.

He sounded quite vague on his weekend update. No one knows what this puppy's gonna do, short term.

too damaged FUR a demolition derby*? lmazzoff sounds like of those cars HRFF sees when he goes back to West Virginny - the REAL world, not the Lotus? LOL - land world of material make-believe here in Seattle w it's Range Rovers, BMW's and Lexi galore outside nearly every door.
"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

#352 FeedFool

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Posted 03 March 2003 - 03:29 AM

Hmmmmmmm I wonder HMMMMMMMMMMPosted Image

Posted Image

hmmmmmmmmmmmmmmmmmmmmm me too

Posted Image

#353 Flaming Turds

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Posted 03 March 2003 - 04:43 AM

Sweef: Nice chart. If the rules for a head and shoulders stand up then by measuring the distance from the top of the head to the neckline and then tracing the same distance down from the neckline we can project a minimum low of close to the 78% line.

Bare: What Id like to see is someone put a parabolic on hypers money chart. You can see the natural parabola is forming. Can a top point be projected with a parabola by measuring the lower bowl part? Edwards and Magee use rounded saucer lengths to project the future rise.

#354 Guest_AssMaster_*

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Posted 03 March 2003 - 05:04 AM

Hahaha...morning,Doc. :P

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Posted 03 March 2003 - 05:07 AM

SPX and VIX 60 min charts overlay

4% gain from SPX low
12% drop in the VIX

Attached Images

  • SPX_VIX60min030303.gif


#356 Goldmember

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Posted 03 March 2003 - 05:16 AM

Well Bareister it seems once again the $64,000 question is what came first?

The chicken [inflation of money supply]

or the egg [the resulting increase, or inflation, of PRICES as a result]


Watered stocks, watered dollars, watered drinks........ :blink:
Anthony caused pearls to be dissolved in wine to drink the health of Cleopatra; Sir Richard Whittington was as foolishly magnificent in an entertainment to King Henry V; and Sir Thomas Gresham drank a diamond, dissolved in wine, to the health of Queen Elizabeth, when she opened the Royal Exchange; but the breakfast of this roguish Dutchman was as splendid as either. He had an advantage, too, over his wasteful predecessors: their gems did not improve the taste or the wholesomeness of their wine, while his tulip was quite delicious with his red herring.here

#357 phatbubble

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Posted 03 March 2003 - 07:28 AM

morning. yawn, stretcccch, etc.

it was me who said the fucutures closed at 844. at 4 pm, when the markets closed, they were 840.90; by 4:15 pm, when the CME closed, they'd shot up to 844. most fucutures tickers register the overnight change as being from 4 pm, so by 4:15 pm they were 'up 3.10' already. <_<

BARE, from an astro perspective, bush has an extremely difficult year on tap, and some of us have expressed doubts as to whether he'll even finish his term. if his admin goes to war, something will go bad wrong, maybe around the time the campaign appears to be a success. just watch.
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.

#358 Bird D Durr

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Posted 03 March 2003 - 07:42 AM

Monday Morning Jam-Job underway......................

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Posted 03 March 2003 - 07:42 AM

Oilman re futures, I agree with you. From a bear perspective I'd rather see them way up than way down. If they're way down you just KNOW there's going to be the drop & pop scenario shortly after open...

Inger would have to be the WORST newsletter writer I've come across. By the time I've worked out what he's saying I've lost interest. He needs a ghost writer.

Example:

"It's not the same to not short Indexes (we do both, often repeatedly within a day), but to structure oneself for the negative into extreme angst amidst all this, anticipates little."

Sheesh, just like those directly-translated-from-Taiwanese instructions you get... :angry:

#360 phatbubble

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Posted 03 March 2003 - 07:55 AM

Inger would have to be the WORST newsletter writer I've come across. By the time I've worked out what he's saying I've lost interest. He needs a ghost writer.

Example:

"It's not the same to not short Indexes (we do both, often repeatedly within a day), but to structure oneself for the negative into extreme angst amidst all this, anticipates little."

Sheesh, just like those directly-translated-from-Taiwanese instructions you get... :angry:

Posted Image
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.





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