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#31 PileDriver

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Posted 13 March 2003 - 06:44 PM

You're right GF, even with today's 1030 print on NDX that P&F didn't break out.

I'm still suspicious of this rally, but a stop is a stop and I need a break, the rate of decline was just not worth the effort and I can't manage my childern (shorts) while on vacation :lol:

#32 coboy

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Posted 13 March 2003 - 06:46 PM

I'm not up on my p&f charting, but it looks like the NDX is still in a column of zeros even after today-  no p&f buy signal yet.  I assume I'm missing something-  what's so scary about it?



"IF" it breaks out is scary !

I don't understand p&f either, the thing is market is making mockery out of technicians, so my bet is it WILL break out albeit temporarily..

#33 TheDeepBlueSea

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Posted 13 March 2003 - 06:50 PM

Meh. It's a political rant combined with backhanded bragging in the form of insulting others.

Love the avatar.

The "Motley Fool" is a symptom of everything that was wrong with markets in the '90s. Over there "shorting" is held to be a lower form of activity than necrophilia.

To mix metaphors "A rising tide lifts all boats, but even the tide goes out you find out whose been swimming naked."

#34 BAREister

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Posted 13 March 2003 - 06:50 PM

Rallllllfffff BLOCKhead wuz just on The Idiot Channel. HRFF missed him.

whassshesayin'???


w re to that bit about Mr Gann observing there are times when a man just can't seem to make money:

The BARE read somewhere once someone observing that: Success tends to (get this) run in.....CYCLES. LOLOL

Very true. Even FUR HRFF's AVATAR.

The BARE met Sir Winston during his WILDERNESS YEARS, of course. LOLOL
"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

#35 GregFokker

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Posted 13 March 2003 - 06:51 PM

Oh yeah, don't get me wrong, I've had better nights. Almost feeling bad for the poor foker who bought my soon-to-expire C puts yesterday for 2.40, now bidding .45 a day later... I hope this thing dies, but that's one pile of momo going into the close and a lot of lemmings will be reading about the "bargain hunting" "dead weapons inspector" "peace break out" rally and load up tomorrow... more pain ahead, I fear.

...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


#36 purdymouth

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Posted 13 March 2003 - 06:53 PM

Meh. It's a political rant combined with backhanded bragging in the form of insulting others.

I haven't seen a non-abrasive post from the guy yet.

#37

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Posted 13 March 2003 - 06:54 PM

Premature Ejaculation:

Well, da Boys had it set up and timed-out perfectly for the war rally, but when they realized that the war was being pushed back yet again, they simply manufactured the "Iraqi Generals Negotiating Defection With CIA" rumor, and we're off to the races. This will prove to be the Bulls Fatal Flaw.

I've been noticing that any news event in recent weeks which sounds as though a war might be avoided is bought instantly. This market isn't bouncing because it's front running a war, it's bouncing on the hope a war can be averted (and because it was totally Dover Sole right on schedule).

Here's my bet...

It's going to be seriously overbought by the time we do go to war in a couple weeks, and all of the juice that might have been available to promote the war rally will have been spent...and set up the Mother Of All Shorting Opportunities - when our bombing is met with Terrorist attacks around the globe.

They're going to Sell The War - Don't forget about Gold.

Plunger

#38 turtle

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Posted 13 March 2003 - 07:04 PM

Premature Ejaculation:

Well, da Boys had it set up and timed-out perfectly for the war rally, but when they realized that the war was being pushed back yet again, they simply manufactured the "Iraqi Generals Negotiating Defection With CIA" rumor, and we're off to the races. This will prove to be the Bulls Fatal Flaw.

I've been noticing that any news event in recent weeks which sounds as though a war might be avoided is bought instantly. This market isn't bouncing because it's front running a war, it's bouncing on the hope a war can be averted (and because it was totally Dover Sole right on schedule).

Here's my bet...

It's going to be seriously overbought by the time we do go to war in a couple weeks, and all of the juice that might have been available to promote the war rally will have been spent...and set up the Mother Of All Shorting Opportunities - when our bombing is met with Terrorist attacks around the globe.

They're going to Sell The War - Don't forget about Gold.

Plunger

It's just OE scam, has nothing to do with war. Budda reminds us numerous times.

#39 FeedFool

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Posted 13 March 2003 - 07:08 PM

Trading range.

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#40 Yanevano

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Posted 13 March 2003 - 07:09 PM

need a caption....what stoolies want to do with a bull?....a brave short seller?.......went to cash to avoid being gored?......anyway, seeing that picture, I will never again underestimate the cahones of a matador:




http://news.yahoo.co...ml&e=1&ncid=441

#41 Goldmember

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Posted 13 March 2003 - 07:10 PM

Sold those QQQ March 26 calls 5 minutes before the close. Hung on to 'em for a week, added a bit, and saw 'em decline further to a bloody dime. Sold 'em out for 40 cents for decent profit and cushy cash balance in gaming account but I think they may have had further to go. Didn't want to risk a gift to GTFO. Now I see the QQQ's basically going nowhere afterhours, but the main reasoning of selling the position was to not get nailed with time decay if some profit taking shows up tomorrow, before a possible further leg up.

Greg, excellent move getting out of those Shittycorpse puts yesterday. Wild ass moves in the options den today. Absolutely wild! :shocked
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

#42 soup

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Posted 13 March 2003 - 07:11 PM

bare" caught the tail end of block head. Of course he was bullish, do not know for sure but my guess has been from a lot higher, typical sell side shill.//// I am still scrathcing my head how we can be witnessing the type of blow off top behavior in the likes of amgn and ebay. After three years into the mother of all bear markets this type of activity still takes place? As Mark sez out of the 6000+ mutual funds and not even a handful have closed. Why have we not seen some of these clowns being marched out of fido's hq;s in handcufs? Where are the indictments? How about the firings of all these morons that have lost so much of their clients money? And folks still money to these morons? SO they can all pile into the most overvalued crap on the board?
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#43

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Posted 13 March 2003 - 07:12 PM

Didn't mean to infer that this was not an OE scam - or course it was...Kudos to Budda and Mark and others for the heads up. Just pointing out that the article lit the fuse (Mark noticed it last night and the talking heads talked about it all day - despite a total inability to confirm the source or substance of the rumor) Just sharing my thoughts about what's potentially coming to a theater near you. I don't think the markets are going to be happy about a war. Now if Sadam capitulates and disarms...all bets are off.

Plunger

#44 Direwolf

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Posted 13 March 2003 - 07:14 PM

buddha.....you're the MAN...just like clockwork, a hammer reversal the wednesday prior to OE. so obvious and I failed to load CALLS yesterday...doh! At least I squared all my puts earlier in the week...geez.

un-friggin'-believable action.....MXIM was a joke today...up nearly 11%....heat-mappers piling over the ASK all day long......lmao....now, how long will this orgy last?

some say the pigmen are front-running the WAR....I buy that scenario. jam into OPEX secured....but how do you play it from here? surely, the bulk of the move will be done by turdsday of next week. think tomorrow could be a doji day of consolidation and then further RAMP UP on monday.....SWUP through expiration, then.........SELL the war?

too late to dong?

argggggghhh........off to the bar for a maker's or 3.....then surf tomorrow....check back with stooltown on monday.....flat for now....prolly the best way to play this whacko casino, right?

.......cash and golden eagles for now,

DW

#45 soup

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Posted 13 March 2003 - 07:17 PM

I certainly can understand the spx runningup to 830, hell 85 or even 880 is not out of the question; still going to 500, but as always the trick will be the timing. But when I see exhaustion type moves in some of these overowned,overloved crap; well I am at a loss. Nothing has changed, no lessons have been learned. The same momentum chasers that are long amgn and ebay, were caught holding the bag at the highs in sebl/nvda/crisco/intc/ibm; Remember when ibm was the safe haven? WHen loose louie could do no wrong, how all the morons at fido and janus said this company is different, it will never go down? Guess what ? Those idiots paid top tick. But hey, what the hell do they care , it aint their money?>
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg





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