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March Madness Failure?


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#31 wndysrf

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Posted 03 March 2003 - 07:08 PM

Fleck's latest:

Fleck Hates Al Green

TE: I'm 50% short on tech, 50% long on gold and other retail screamers like COH, PSUN, SBUX

Gold turned out to be the big loser for now. They better turn here in a hurry......
PigMen Proprietary Trading Desk

The Weimar Run: Bullphoria!!!!

#32 Bird D Durr

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Posted 03 March 2003 - 07:13 PM

The "cascading" bankruptcies will destroy the debt backed economy...

There won't be enough left of the economy to fill an ashtray...

Blatant organized crime will be the "New economy"

It will be decades before you will be able to catch the next wave...

The time to declare bankruptcy and wriggle free in a prudent and civilized way is beginning to slip away...

When wild cornered animal stage begins it won't be civilized or prudent...

I guess us bankruptcy lawyers better enjoy the wave...............especially if there is not much time left..............

- The Birdman, Esq.

#33 The End

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Posted 03 March 2003 - 07:15 PM

Tanks Wndy. :wink2:
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.


--Waters

#34 Bird D Durr

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Posted 03 March 2003 - 07:21 PM

Wndysrf,

Elaborating on your CA point................my good college buddy is a pyschologist under the State of CA medical programs............he just got pink slipped...................

All his "Gray Davis is the best" bs from the election period has interestingly turned into profane disdain...........worse yet his brand new Jag got repoed......................Oh well................

Hopefully Circuit City has some jobs....................and no plastic surgeons steal his wife.............

- The Birdman

#35 MyGoldenStool

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Posted 03 March 2003 - 07:21 PM

Off topic- Is there a way to empty my hard drive?

I am donating my computor to a charity and want to empty all my files before presenting it to them.

Re-format the drive and it's done.

There is software available to purge your hard drive. Reformatting will NOT make data unrecoverable.

#36 Dustbowl

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Posted 03 March 2003 - 07:22 PM

Good Grief, Did anybody catch Crapvision interviewing Niederhoffer just now!!!???!! He has to be the strangest guy on earth. His bottom line advice was for people to just buy and hold. What a wacko!!!

#37 Slothrop

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Posted 03 March 2003 - 07:27 PM

Niederhoffer is a commodities trader who made a bundle for George Soros a long time ago. Where he gets off giving stock advice, I don't know...

#38 Oilman

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Posted 03 March 2003 - 07:28 PM

Good Job to all stoolie now lets do this again tomorrow but much grander :P . I am amazed that on Dec. 2 this also happened as the large gap up then when the ISM came out , it reversed. The game that da boyz play with us.

Oilman

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Posted 03 March 2003 - 07:28 PM

Friday and Monday SPX, VIX Overlay 10 Minute Chart

Attached Images

  • SPX_VIX030303.gif


#40 Hypertiger

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Posted 03 March 2003 - 07:29 PM

It's like selling cinder bricks as the Titanic sinks and when people question the ability for the bricks to float, the reply is, don't worry they're "magic bricks"
"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...

#41 phatbubble

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Posted 03 March 2003 - 07:32 PM

A conversation with Zoran about Today.


Chris,

The problem with the drop from Friday week is that it came down as a
zigzag.
That was not impulsive sending signals that something else was occurring.
That fact was sealed when the recovery exceeded 61.8%.

There are two alternatives as a result of that cahnge of events,
The first is with the additional swing that a TRINAGLE is forming as was
seen by some members of this list.
The second alternative that the drop down last week was WAVE-4 (T4) of
the TERMINAL and that this FIFTH WAVE of that TERMINAL finished today.

From a trading point of view it does not matter much if it is a
TRIANGLE or a TERMINAL.
The initial implications are the same
I prefer a TERMINAL "C" wave because it fit the larger patterns better
and it is a TYPICAL WAVE TWO conclusion.
It also sits well in the scenario painted two weeks ago whoich was
based on longer term ruling charts.

If the TERMINAL concluded today (and I expect it has), the S&P is at the
start of of wave three the most volatile of Elliott's moves and also
where panic phases are apt to occur.
As with all Elliott analysis, the prognosis should fit 5th Wave TERMINA,
as events unfold.

The expectation here is for a fast down move.
If it does not occur then the circumstances have changed or the
interpretation is wrong.
The move down from here SHOULD NOT RECOVER MORE THAN 61.8%.
If it does, then the TERMINAL is wrong and a more complex TRIANGLE is
forming.

There is of course the unlikely possibility that a reversal is forming.
That scenario will be eliminated with a definate break.
I have learned a long time ago one must be prepared for all
eventualities and always examine "what if" possibilities..


Zoran




chris whittington wrote:

>As someone struggling with EW analysis, and also following the S&P today, it
>looks to me as if:
>
>i) S&P tried to breach the 853 barrier, failed, bounced off and fell through
>the triangle support at 845, decisively breaching it. The next support is on
>the triangle (Zoran's B and D line) at about 826. I guess the S&P will
>breach this tomorrow.
>
>ii) Zoran might move his [C} to the [E] marked on the 2-3-2003 chart, or
>else he'll carry on calling this a triangle A,B,C,D,E, with E as the
>bifurcation point, and mark it as (2).
>
>iii) All implies we are now back in downwave 3 of 3 of 3 (the panic wave
>Zoran described last week), with a target of 785 (I think).

been obsessing over counts the past couple days. entire desk is covered with ewaves.

i like moving his C to today's high. only other scenario i could get my brain around was that the 13 feb lows of 806 were actually the end of wave (1), and that we just finished an ABC in wave (2) which, at 852, was a 38.2% retrace of the move down from his bifurcation around 923.

doesn't really matter though. does it. :grin:

went back through the entire bear market to find another triple failure at resistance that was followed by a breakthrough on a 4th try. didn't find any.
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.

#42 The End

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Posted 03 March 2003 - 07:36 PM

For Mr Beal, Take a few days off and jump on a friggin Plane. :grin:


Talking Heads
Once in a Lifetime (1984)
Burning Down The House

Watch out
you might get what you're after
Cool babies
strange but not a stranger
I'm an ordinary guy
Burning down the house

Hold tight wait till the party's over
Hold tight We're in for nasty weather
There has got to be a way
Burning down the house

Here's your ticket pack your bag: time for jumpin' overboard
The transportation is here
Close enough but not too far, Maybe you know where you are
Fightin' fire with fire

All wet
hey you might need a raincoat
Shakedown
dreams walking in broad daylight
Three hun-dred six-ty five de-grees
Burning down the house

It was once upon a place sometimes I listen to myself
Gonna come in first place
People on their way to work baby what did you except
Gonna burst into flame

My house
S'out of the ordinary
That's might
Don't want to hurt nobody
Some things sure can sweep me off my feet
Burning down the house

No visible means of support and you have not seen nuthin' yet
Everything's stuck together
I don't know what you expect starring into the TV set
Fighting fire with fire
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.


--Waters

#43 EasyAl

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Posted 03 March 2003 - 07:41 PM

Niederhoffer is a commodities trader who made a bundle for George Soros a long time ago.  Where he gets off giving stock advice, I don't know...

But he got his clients' asset completely wiped out in Oct 97 when Asia financial storm caused sharp decline in US market (On that day, the US stock market was halt twice, each for 30 min.) To add more insult to his clients, stock market rebounded sharply the next day, after his fund got completely wiped out.

#44 Mr. Beal

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Posted 03 March 2003 - 07:50 PM

TE you are all Rock and Roll - all The Time :P

#45 Hypertiger

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Posted 03 March 2003 - 07:55 PM

Alan Greenspan is not the problem at all... Fractional reserve banking is the problem...

When presented with a problem to be solved what can the FED do? Raise rates or lower them...

the gameplan since 1971 has been inflate debt or die...

Oh oh we're starting to suck eggs what should we do to stimulate the creation of more debt? I know raise rates... bang! your head just got blown off...

Lowering rates is the right answer...

It was possible that the FED could have raised rates more when they had the chance but to prevent collapse the rates would have had to been lowered further anyways.

I'm no fan of Greenspan, but to believe he caused this is nuts... Just an example of how the blame gets shifted from the cause to the result or symptom to perpetuate the inflate or die religion...

It's the outrage of "If they would have run things better "I" could have died rich, but now I'm going to die poor" "boy am I mad at having to accept my fate, and here I thought my offspring were going to get stuck holding the bag"
"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...





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