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#46 PileDriver

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Posted 30 May 2003 - 07:08 PM

Hey I thought this was a bear board for crying out loud ?! :lol:

As a good friend of mine said today:

"Monday Pile Monday"

#47 wndysrf

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Posted 30 May 2003 - 07:13 PM

Blackbelt:

Three things to notice about the change in trend.

Ever since the December highs, the pattern has changed from rolling topping patterns to rounded saucer bottoms on the Large Breasted Wonders.

Last year, rallies were fast and furious, the the declines were slow and grinding. Now we are in bull mode, where the grind is to the upside, and the selloffs are fast and furious.

I agree with your thinking, that a major selloff is coming, sharp and quick.

But it will be a huge buying opportunity.
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#48 crooked_analyst

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Posted 30 May 2003 - 07:20 PM

Yo statist greenspew, I am sitting with cash in hand,gold coins in a safe with a house fully paid. I aint spending a penny, will not even replace these shoes that have a hole in 'em. Screw your debt nightmare, there is a specil hell for you.

:D :D :D :D

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Posted 30 May 2003 - 07:26 PM

BB -- Thanks for taking the time to share your views with us. I, for one happen to agree with you, but that isn't the point. I just appreciate all the info and help I can get during these difficult and confusing times. Thanks again. :rolleyes:

#50 Darkdoc

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Posted 30 May 2003 - 07:26 PM

Yo statist greenspew, I am sitting with cash in hand,gold coins in a safe with a house fully paid. I aint spending a penny, will not even replace these shoes that have a hole in 'em. Screw your debt nightmare, there is a special hell for you.

Yeah, Baby !!!

#51 BusKow

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Posted 30 May 2003 - 07:40 PM

BB,
Thank you for posting your current view. I hope you will humor me a question. I am a dullard, but wish to understand what you have said you expect in the SPX. I will paraphrase thusly...

965 is near the top level of the current uptrend. Between the 2nd and 16th of June this index will begin a series of lower highs and lows which will continue into late July. The index will reach a level of about 877 with the majority of the price decline occuring in July.

Is this a valid summary?

TIA and enjoy the weekend.
Prudence, indeed, will dictate that governments long established should not be changed for light and and transient causes, and accordingly all experience hath shown that mankind are more disposed to suffer, which evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations , pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.

#52 wndysrf

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Posted 30 May 2003 - 07:40 PM

Looks like Puplava has figured it out.

The stock market is being "Robert Rubined".

Rubin repeatedly crushed anyone who tried shorting the dollar during the Clinton years. Anytime the dollar fell and shorts jumped on it, the futures were jammed and the shorts were destroyed. Over and over.

"Mess with me, I'll destroy you!!"

The Matrix Agents are now sending us a message.

Short the stock market, and be prepared to get killed.

I guess that explains why the market is powering up with chronic and ferocious short squeezing almost daily.
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#53 Darkdoc

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Posted 30 May 2003 - 07:44 PM

Blackbelt:

My own trading style could hardly be much different than yours, so I am only rarely able to apply the advice you give, but I still greatly respect your postings with your obvious goal of trying to offer the stoolies as much help as possible. I think a whole lot of people appreciate that.

I wish, perhaps most of all, that everyone who reads you would be as aware as you are of the fact that it is very possible to make money BOTH long and short. Piles, K-wave, wyndysrf, and a precious few others also make this point regularly.

One thing most of could probably agree on is that we DO NOT LIKE THE BULLS! I agree, too, that it is most fun to hurt them with a plunge in the market. My schadenfruede is fulfilled so wonderfully on those days.

But second best situation is when I can TAKE MONEY FROM THEM - even if it means being long. Why let them have all the fun when the market is going up? Trade both ways - it will NOT cancel your hard-earned bear credentials, and it will give US the funds we all need to trade another day. And you'll be alive to hurt the bulls deeply when the market plunges - and you'll sleep at night. I HATE to lose money.

Trade peacefully.

#54 speculator

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Posted 30 May 2003 - 07:46 PM

I was online with Rockhead, and he typed at me, "Dude, it went through your stop, cover now" and I replied "Am a bad boy, smell blood, fuggit." That was back in March. Since then, I've continuously moved the goal posts, resistance line by resistance line.

Thank goodness I limited by positions by size and risked only what was expendable. I saw the textbook right answer over and over again, and just watched. Valuable lesson. Glad I haven't been wiped out learning it.

That said, INTC actually closed red today, by a penny or two. Hope it tanks and I get paid :grin:

If you want to move your stop up/down it helps to also buy a call/put at that point. This has saved me many times both long and short.

#55 wndysrf

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Posted 30 May 2003 - 07:46 PM

Here's an interesting analysis:

A 3-4 day selloff next week, then one more push up over the neckline.

http://clearstation....post_id=4452519
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#56 soup

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Posted 30 May 2003 - 07:51 PM

Wndy: Stevie friedman was a partner of booby rubin's , hell at one point they were both my bosses. If anything , friedman was more ruthless than booby.
""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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Posted 30 May 2003 - 07:56 PM

I agree with your sentament about gov intervention etc. But the FED isn't part of the government.

The Mogambo Guru writes --

"And in case any of you are still laboring under the textbook idea that the Federal Reserve and the banks are an independent, non-government entity, here is a quote from Mr. Greenspan to completely disabuse you of that stupid idea, coming as it did on why he will not discuss the dollar: "As I think you may remember that we in the United States government have made a decision in which the value of the American currency will be discussed only by our chief economic spokesman, which is the secretary of the Treasury."

Link -- Modern Literary and Communication Theory and Practice


#58 wndysrf

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Posted 30 May 2003 - 07:59 PM

Future rise and collapse of SOHU.

Get aboard now. Short it at $200.

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#59 BartTheBear

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Posted 30 May 2003 - 07:59 PM

Here's an interesting analysis:

A 3-4 day selloff next week, then one more push up over the neckline.

http://clearstation....post_id=4452519

Cool stuff. Thanks for posting that. I'm going to try and catch his webcast this wk-end.

#60 soup

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Posted 30 May 2003 - 08:01 PM

Does the following in any way , shape of form resemblr today or even at the Oct lows? " Running from early 1972 to late 1975, the unweighted average of all NYSE stocks dropped a full 64%. There were 3 bear market rallies and when it ended the atmosphere was a very deep gloom. There were no buyers at the bottom and no one was asking where's the bottom. Wall Street was almost a ghost town. The bottom was only recognized after the fact in the early 1976 bull rally."
""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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