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Unfilled Downside Gap


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#1 wndysrf

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Posted 10 July 2003 - 02:46 PM

Unable to watch the close, so this will be short.

The unfilled downside gap.

Haven't had one of those in awhile.

What we really need is another one tomorrow, followed by one of those 500 point red candles. One that wipes out a month's worth of Riverboating Profits in 5 trading hours.

But so far, the Asian Screamers like CHRB continue to get chased up 58% on huge volume, and other mainland hookers like JCOM make new highs.

No hard "crash" can take place until these Asian Girls hit the Depression Chamber.

Scam Week coming up. Are the shorts being set up for Wash, Rinse, and Repeat??

Buddhadropping, if you are out there, please weigh in.

Take it away, Bears.......
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#2 Kid

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Posted 10 July 2003 - 04:07 PM

Any pop in the spoos next week and I'll add to my short position. Don't think much upside momo left in the indexes since the Boyz are heavily short.

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Posted 10 July 2003 - 04:12 PM

For those of you playing along at home:
I sold my long postion in XLNX (bought at 25.45 with 20% add at 27.97) at 27.81. Went short at 27.81. Covered at 27.52. Went long at 27.55.

#4 BudFox

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Posted 10 July 2003 - 04:19 PM

Someone please respond....

Who's planning on holding onto their miners if the majors start seriously tanking after OE? :unsure:

I'm long WHT, GSS, BGO, ASL & HL. B)
"Greed captures the essence of the evolutionary spirit." - Gordon Gecco

#5 BartTheBear

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Posted 10 July 2003 - 04:23 PM

Pretty orderly selloff. Much lower volume than yesterday.

I didn't see any -1000 ticks. TRIN was well above 2.0 most of the day.

Went long a little SPX at 985 for a trade. Expect bounce into OE since they're selling it off the week prior.

We'll see though.

#6 machinehead

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Posted 10 July 2003 - 04:24 PM

The weak action in gold, which has slid about 9% since its year-to-date high on Feb. 5th, suggests that Al and the GSEs aren't pumping as much liquidity as the market wants. Or it's leaking into real estate prices instead of traded goods.

It seems like another lifetime when the central banks of the rich countries used to all pump at the same time, like a team of Clydesdales pulling the Budweiser wagon up a hill.

These days Uncle Al is limping up the road, Fukui-san is asleep at a cafe table, and Dim Wim is riding down the sidewalk on his bicycle, oblivious to both.

Does anyone smell a currency crisis coming this fall? Something is bound to happen to shake these functionaries out of their complacency. The Chinese and the middle eastern oil producers are getting restless about accumulating all that green funny money with the off-center pictures of old guys with long gray hair. I wouldn't trust that shit either.
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#7 The End

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Posted 10 July 2003 - 04:25 PM

Sold the puts bought on the spx at 1004 yesterday @ 986 today (told ya) :P

Now straddled becuase I will be away till tuesday night and don't want to take the risk. I do see a vey shortable trade coming early next week.
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.


--Waters

#8 BartTheBear

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Posted 10 July 2003 - 04:29 PM

Sold the puts bought on the spx at 1004 yesterday @ 986 today (told ya) :P

Now straddled becuase I will be away till tuesday night and don't want to take the risk. I do see a vey shortable trade coming early next week.

Excellent call on 985-6. :grin:

#9 crooked_analyst

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Posted 10 July 2003 - 04:31 PM

Someone please respond....

Who's planning on holding onto their miners if the majors start seriously tanking after OE? :unsure:

I'm long WHT, GSS, BGO, ASL & HL. B)

I'm holding through it all....where else are you gonna put your extra cash?

Long BGO, KGC, GG, CDE, WHT, GSS, Tan Range.....and DROOPY :( and KRY :angry:

#10 The End

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Posted 10 July 2003 - 04:32 PM

Sold the puts bought on the spx at 1004 yesterday @ 986 today (told ya) :P

Now straddled becuase I will be away till tuesday night and don't want to take the risk. I do see a vey shortable trade coming early next week.

Excellent call on 985-6. :grin:

I needed it. :) Tanks. It was actually Curry, I just follow that guy and Doc and a few others
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.


--Waters

#11 mjkst27

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Posted 10 July 2003 - 04:35 PM

Does anyone smell a currency crisis coming this fall?

Gosh I hope so. Seriously, it should be obvious to everyone by now that pumping more debt money into the world economies is useless. Keeping corpses alive, cap ute low, and producer pricing power low is no way to run a werld economy. Give it up already. Them ole fogeys should quit and go play shuffleboard.

#12 The End

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Posted 10 July 2003 - 04:36 PM

For those cheap seat stoolies. This guy has been good and he is free.

http://www.eldinril.com

He called for 985 as well.
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.


--Waters

#13 DrStool

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Posted 10 July 2003 - 04:37 PM

Uncle Buck and the Long Bong Hit, and Doc's Closing Intraday Update are posted. Please use the links in the left column. My game plan is to try to have Uncle Buck and Long Bong Hit up by 3:30, and the closing intraday comment at 4:15. However, if I can't get Uncle B and LBH posted by 3:30, wll post at 4:15.

Tonight's Anals Market Wrapdown, and Fed Turdsday Releases will be posted by 7:00PM NY time.

Many tanks to all for being here. Have a great evening. See you in the Anals.

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#14 Fukui-san

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Posted 10 July 2003 - 04:40 PM

These days Uncle Al is limping up the road, Fukui-san is asleep at a cafe table, and Dim Wim is riding down the sidewalk on his bicycle, oblivious to both.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
A Shrug of the Shoulders.

We generally give to our ideas about the unknown the color of our notions about what we do know: If we call death a sleep it's because it has the appearance of sleep; if we call death a new life, it's because it seems different from life. We build our beliefs and hopes out of these small misunderstandings with reality and live off husks of bread we call cakes, the way poor children play at being happy.
But that's how all life is; at least that's how the particular way of life generally known as civilization is. Civilization consists in giving an innapropriate name to something and then dreaming what results from that. And in fact the false name and the true dream do create a new reality. The object really does become other, because we have made it so. We manufacture realities.

An excerpt from "The Book of Disquiet," written by Fernando Pessoa in the 1920's, first published in 1982 by Atica in Lisbon.

#15 roidrage

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Posted 10 July 2003 - 04:41 PM

TE - Congrats.





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