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A Moment Of Awakening . . .


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#31 simple guy

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Posted 11 December 2002 - 10:48 AM

A few replies:

Jorma: Re pension funding of stock of company

Yes, there are limits in place, and IBM is under the limit. That said, its a clear sign of non-recognition by the public of a shift in the economic landscape, and of non-recognition that its a secular bear market. The fact that many corporations are talking about funding their pensions with their own stock is absolutely amazing, friggin unbelievable. Makes me more secure in my negative outlook for sure... these things dont happen at bottoms.

FxFox- Agree that 975-985 NDX gap must be filled, but so must 1065 I think too... so Im in cash now cuz I cant get a read on which one fills first... heh heh

Thats all for now... trade safe...

#32 simple guy

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Posted 11 December 2002 - 10:51 AM

My first post this morning I said, "watch out for a finger formation today"

Uh-huh....

#33

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Posted 11 December 2002 - 10:53 AM

Could someone explain the "finger formation".
Thanks,
Ormsby :huh:

#34

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Posted 11 December 2002 - 10:53 AM

The charts below were drawn immediately thereafter, before a minor selloff ensued in the futures, the SPY's and Q's. These charts may already be moot, but Doc will wait to see the futures action in the AM before updating. If  the after-market downtick holds, it may be necessary to flatten the blue and red channels.


The outlook for today is even murkier than usual.



Doc,

Are those channels flattening?

#35 fxfox

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Posted 11 December 2002 - 10:55 AM

SG,
think your strategy is good, waiting for the 1065 gap to get filled, they wont let 2 gaps unfilled before the downmove.
'patriot' is formed with 'patria' and 'idiot'

#36 Bird D Durr

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Posted 11 December 2002 - 10:56 AM

My first post this morning I said, "watch out for a finger formation today"

Uh-huh....

SG

Keeping my trigger on the finger.......................

:)

#37 Bearman

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Posted 11 December 2002 - 10:58 AM

This buy the dip stuff has about run its course :o

READ THIS

Since October 1998, not once have there been three
consecutive weeks with a plurality of bears over bulls according to
Investors Intelligence (30 Church St., PO Box 2046, New Rochelle, NY 10801

THINGS ARE GNNA CHANGE :D :D :D

#38 Fartpolio Manager

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Posted 11 December 2002 - 10:58 AM

My first post this morning I said, "watch out for a finger formation today"

Uh-huh....

Yep, now when you see them reaching for the latex glove, guess where they intend to put that finger???

#39 seamus

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Posted 11 December 2002 - 10:59 AM

Fed adds $4.5b in o/n repos

#40 Bearman

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Posted 11 December 2002 - 11:00 AM

DUMP THE S-peeeeeeeeeeeeeeeee :o :o :o

#41 Rockhead

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Posted 11 December 2002 - 11:00 AM

Could someone explain the "finger formation".
Thanks,
Ormsby :huh:

Ormsby

1. Make a fist.
2. Hold closed fist out in front of you.
3. Extend middle finger.

Basically, a big spike.

That's the finger formation and can resemble the stock market chart pattern. Sometime Doc talks about knuckles.....which would equate to your closed fingers next to the extended middle finger.

#42

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Posted 11 December 2002 - 11:03 AM

9:00 AM CST CBOE Put/Call

Equity 0.89
Index 1.16
Overall 0.92

Attached Images

  • index.12110900.gif


#43 Bearman

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Posted 11 December 2002 - 11:03 AM

Gaps on s-peeeee 841.50 803.94


THIS IS A BEAR MK :rolleyes:

WE JUST CAME OFF A 8 WK RALLY :P :P :P

#44 GregFokker

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Posted 11 December 2002 - 11:04 AM

Net drain of 3.75B on the FEED.

...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


#45 DrStool

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Posted 11 December 2002 - 11:06 AM

It went a little lower than the map, and toolk a little longer, but I'll stick with that 9:15 update. Probable 1 day cycle low here.

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