Stage 2 Blastoff
113 replies to this topic
Posted 17 March 2003 - 07:30 PM
Vesselin just freaked me out completely with a chart posted below. I'm going to watch some TV and chill for awhile. If the top downsloping trendline connecting the highs doesn't hold this puppy back, it looks like a bull flag breakout.
Of course, neither I nor, I believe he, expects the implied bull flag target of 1935 to be reached. But it freaked me out just the same.
...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
Posted 17 March 2003 - 07:36 PM
Coming to a theatre near you in blazing tecnicolor! Cast of Millions-Shrub and Tonys Excellent Adventure! Supporting roles by Don Rumsfeld-the Seniors Sex Symbol and Jack Straw the worlds ugliest man. Boffo reviews-two thumbs up-says the Dow Jones-Woof, Woof says NazQuack-may it run forever says the Defense Industry.LOL!! Last night it looked like this thing was doomed and we were headed down into the bowels of the Beast. I bought the e minis shortly after Globex opened and had a great profit by bed time-luckily I ratcheted my stop down! I get up this morning and see I'm stopped out but hey thats ok it was with a profit. I see the futures coming off again and think wow good day coming-we open down and then blast off. Soon I'm stopped on the 3 puts I was holding profit on one small loss on two. Sooo I just watched the rest of the day made good coin on the e minis only because I had stops anyone who didn't and weren't nimble had a baaaad day. Like my pal the End I'm worried a bit about the VIX action and will get even more concerned if we get past 875 (which I doubt). SG this morning was thinking down as well and Doc and Oyster were thinking up but none of us saw this coming. The War and o/e week are skewing the technicals badly but it is still very much a Bear market. I disagree with Budda in that I think when the first bomb is dropped this thing drops as fast as it went up. End is right the breadth stinks and company losses and the economy etc just get worse. Lou you are right about credit card clampdown a friend runs a credit card division of a fair sized bonk-they have been told-miss one payment cut off the card until the payment has been made-so it has started. I did buy 2 May 880's at the close stop 890 for now. Trade Safe as the Chinese curse says "may you live in interesting times"
Posted 17 March 2003 - 07:48 PM
Sold half my calls today. Will buy them back cheaper later. ST very overbought.
I think Bradley and the 78.5-week cycle bottoms coincided last week. i say "I think" because some of you disagree.
I don't think we close much higher on the week but look for 880-890 by the end of March.
Posted 17 March 2003 - 07:58 PM
Have to wait and see how the war unfolds... The US is at the weakest position economically in it's history but in the strongest militarily... The war has to be a wham bam deal… I don’t see it playing out that way… But we’ll see how it goes…eh.
If they were actually telling the truth about the shock and awe trick it will be a deadly mistake…
I herd that once the war starts that an emergency request for 80 billion is going to be sent to congress…
My head hurts thinking about the whole thing and the various factions involved… The dollar should get dumped if the economic forces that have the US in their sights make their move…
The whole thing could be a joke also… but even if it goes 100% according to plan like clockwork the 13-16 month deathwatch is still in effect…
"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...
Posted 17 March 2003 - 08:00 PM
Doc...was that mine from DOW JONES NEWS?..if so, I apologize...
Posted 17 March 2003 - 08:15 PM
Grizzly Canuck-you made a good call on this one-Congrats.-Trade Safe!
Posted 17 March 2003 - 08:40 PM
Longonuranis is correct.
The FEED is inflating in a deflationary economy which IMHO is causing Stagflation.
Stagflation is the one thing that many anal cysts and central bankers said could never happen again (like the 70's).
Naturally, what supposedly has a remote chance of happening actually HAPPENS.
I agree, money will chase deflating assets.
Bankrate.com says FEED will leave rates unchanged. I agree with this opinion because the FEED knows they are causing stagflation. It is obvious that their efforts to inflate in a deflationary economy are actually hurting matters even more.
Posted 17 March 2003 - 08:55 PM
Interesting crb trend change......any theories?
"I know the human being and fish can coexist peacefully"____George W. Bush, 7/29/2000
Posted 17 March 2003 - 08:58 PM
I don't see Zoran's stuff on LOB, soo, here it is.
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 17 March 2003 - 08:59 PM
Threw short at the close...Reloaded spx apr 900 puts....stiff resistance/supply at 863 -870.
" I' ve got a left handed hook and a right handed hook, the pros are gonna love me, I'm amphibious"
NC STATE UNIVERSITY
Posted 17 March 2003 - 08:59 PM
bubbha -- you are a master. You recognized all the signs. Liquidity, Matrix, insiders, Hans Hans Hans Hans Brinker, flag waving political rally. And you didn't lecture us or even use 20/20 hindsight. Nice going! Wish I could have seen all the pieces of the puzzle.It's a beautiful thing when someone can write like that. Now if we could just get you to break it up into neat little paragraphs.
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