Symbolic Of The Perma-Bear Ultimate Fantasy?
261 replies to this topic
Posted 28 March 2003 - 05:06 PM
CBOE PCR 3:00 PM CST
PCR and Change from Today's Open
Equity 1.35 77%
Index 1.28 -38%
Overall 1.33 38%
Posted 28 March 2003 - 05:09 PM
Nice to see HUI going up for a change. How many months have we been waiting for this? Imo, its all about the War regardless. Thinks are clearly not going as planned and memories of Vietnam are already raising their ugly heads. Therefore the continued selling. This could change on a dime depending on weekend blow by blow War coverage and how its spun out by B. Williams and the other ratings chasers. Seeing so many confident on this board again in their charts and shorts is a warning sign. Its still completely all about the War. Now more than ever before the whole arena is one huge Casino. best,buddha
Posted 28 March 2003 - 05:09 PM
Well, the TA EWave/cycle/Bradley boyz have drawn their line in the sand. Predix of an UP move straight ahead, possibly thru May. Ms Mkt just may step across it.
Here's what The BARE thinks of that predix with the war going the way it is:
He remains short and wishes luck to those foolhardy enough to go into the weekend long.
Of course, if they are right and HRFF is wrong, here's what they will be doing/thinking of HIM:
Remember Robert Burns you chartists!
No rally until the tide of war turns OUR way.
"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
Posted 28 March 2003 - 05:10 PM
You guys are the best
C wave down should complete Monday at 1360 or 1339 NAS, prepare to cover then... for DONG up
Posted 28 March 2003 - 05:12 PM
The Nazdork has made a very boolish sign: a quadruple bottom at 1369! This, you may not realize, is an hommage to the much fabled bottom of Abby Jo Conehead, veteran bull, who's sagging derriere, much like a "double chin", gives the appearance of four buttocks.
Posted 28 March 2003 - 05:15 PM
"no rally until the tide turns our way"
The tide could turn our way as we speak Bare, so that argument doesnt really hold.
E waves are tracing out normal ABC corrective down move patterns, regardless of war noise....
1360, 1339, numbers I gave out several days ago for C wave bottom...
People will be ready to be optimistic next week for a C wave ride up... simply interpreting war news of the day as good is all... because you can interpret it daily however you wish.
Nice weekend to ya
Posted 28 March 2003 - 05:20 PM
Nice close on GG and GLG they are your new momo boys for the group. NEM is the bellweather and it wass up 8 today with spot gold up a mere 1 %
Posted 28 March 2003 - 05:26 PM
no kidding, they closed at their HOD.
May buy them on next "red day"...if we get one.
You look at the NAZ and pattern-wise it does look booolish (recently) yet cycles and many things suggest we just drift lower from here. Patterns can cause hallucinations and one should never go by them alone.
Glad I'm straddled for now
Posted 28 March 2003 - 05:29 PM
My current "guess" that the market will be in an upslope till May. After that sharp down towards July. But that's a guess. If mid-next week (4/3) is a low I will be trading more on the long side (looking to buy pullbacks). If that timeframe is a high, then I might reconsider my approach for a potential "May high".
I have to say that I trade individual stocks and not the indexes. Currently I have 6 long positions and 2 shorts. Unless there is a pattern in a stock that it has an price objective and a defined stop, I don't take the trade.
In other words, I don't buy because "I think" the market is going up or short because "I think" the market is going down. There must be something in the chart to tell me "I'm going up/down"
Posted 28 March 2003 - 05:31 PM
GLG Numero Uno best performing DAu 29 stock for this Bull market. Next are SSRI, GG, RGLD,RANGY,GOLD,GSS.
And to all,
I have many opinions; but I strive not to act on them.
Posted 28 March 2003 - 05:34 PM
BB, I always thought (ASSumed) you were an index trader!
I'm 5 dong and 3 short.
Posted 28 March 2003 - 05:35 PM
No...I track the indexes so I can identify market direction, but I trade stocks. Although I trade for years, I don't trust myself to trade futures
Posted 28 March 2003 - 05:36 PM
BB, me too.
Market timing to help optimize entry/exit and not get steamrolled.
Posted 28 March 2003 - 05:39 PM
Did the Commercials go net long SPOOS this week? If they did, uhhhhh.........
Posted 28 March 2003 - 05:40 PM
I don't trade the indexes either...... but I need to know which way the wind blows most strongly so I know if I's looking long or short.
I'll catch ya'll after a long weekend
The Daily Stool - Stock Market Message Board