[ThorAss]

PMS good
Shorts Baaaaaaaaaaaaaaaaaaaad

Came out ahead in the end. I continue to close shorts (partial) at channel bottoms and have been averse to enter any new shorts. Now evenly balanced 82% long PMS and 82% short the broads. Maybe we get an am boner to short into next week for EOM.

At first, in the morning (during the real trading?) the PMS went the opposite direction to the broads. A very good sign. Late in the day all went up. Juniors at the biggies getting an early start on the EOM paint job?

Liquidity, liquidity, liquidity. The hallmark of this bear market and at least the latter stages of the bull that preceeded it was one of malinvestment and misallocation of capital. This rally is an example of what happens when you print up a bunch of money no one wants. It gets thrown at this, then thrown at that, all seeking ROI. What's going to happen when it is obvious that the second half recovery is years away, the dollar yields to fundamental weakness and oversupply and interest rates start to climb? PMS is going north as the dawn slowly unfolds. P/E ratios will collapse back to something reasonabull as much poorer investors become more risk averse.

However, I deal in the here and now. Have to go look at some charts now. Trade safe.

[Slothrop]

California municipal bond fund.

Has that legendary "Enron" look to it, doesn't it?

Remember: once it drops below 5, they won't let you short it anymore.

[Slothrop]

California pizza company.

Again, you have to short them BEFORE they make it to 5.

Is there a relationship between California pizzas and California muni bonds? Perhaps economic historians many years from now will be able to explain it.

[Slothrop]

National Cash Register.

Yeah, I didn't know they were still in business either.

Textbook island top, for those of you who read textbooks.

[ThorAss]

Mr. Bully your days are numbered. Check out Zeal.

Great report on how watching when the hedgers switch from long to short would have made you a packet. That is, if you can winkle out what they're up to. A massive drop in the hedgers position (decreased longs/increased shorts) is an excellent forerunner to a market drop. And guess what, we just had one. What we need is a COT case like Mr. Coffee or someone to investigate and chart this for us and follow it. If it works we'll never be on the wrong side of this market again.
On a personal note, I have a lot of my money tied up in this kind of thing (but capital guaranteed) through Ord-Minnett of Ozlandia. If you're interested PM me. I just offer this as an interested investor. I'm not selling anything.

[No Einstein]

I have been watching F for a while, it has formed a dbl top and now a pretty bear wedge that just tickled the 55ma and mirrors the left side very nice. any ta comments would be appreciated. I think this company will suffer till the uaw gives consessions,,,..... not

[No Einstein]

Slothrop, on Jul 25 2003, 07:43 PM, said:

National Cash Register.

Yeah, I didn't know they were still in business either.

Textbook island top, for those of you who read textbooks.

I got my 1st real job with them, used to be a good company, those days are gone, two brothers still work for them

[ThorAss]

Well enuf posting at MuleStool. New crosscurrents jives with the Zeal. Market getting in gear for el cracko. Maybe new highs. Maybe not.

X-ACDC

[ThorAss]

Don't know what the hell BARE was going on about over on MuleStool. But that happens a lot. Seems he was implying Merlin was forecasting major upside next week. Am I mitthing thumbthing?

Merlin Magic

[ThorAss]

From Mulestool.com

Quote

Quicktrade.

P.S.

Why is this considered a " Bear Site". It seams to me Doc would be better served to advertise this place as something more neutral that has a market bias for the current market trend. If its up so be it. I realize the long term may be down but these bear market rallies look to be cutting into his revenues.

I got a better idea but I'm too polite to suggest it.

[ThorAss]

John1:23

[ThorAss]

Reality Check

[Charvo]

This article seems interesting as it relates to the near future.

http://csf.colorado....3/msg00422.html

The Nuclear Spirals of 2003

Last Friday Chris Carolan in his monthly newsletter, Calendar Research Reports, published a series of spirals I uncovered over five years ago that may have a dramatic effect this year on what the markets do. I would urge everyone who does not have a working knowledge of the Spiral Calendar to get one (The Spiral Calendar, by Christopher Carolan, ISBN 0-932750-21-4) and to understand the potential gravity of the following spirals.

For those uninitiated in the logic, the Spiral Calendar seems to suggest that highly emotional events in the past generate related highly emotional events in the future in a mathematically calculable series. It can happen in and out of markets. There are numerous examples of both in Carolans book. Accuracy is generally found within 3 calendar days over periods demonstrated in the book as long as 245 years.

On July 29, 2003 two major known spirals show significant SC intervals. Spiral #1 originated at the October, 1929 stock market panic/crash. The first similar event was seen at the F29 interval in October 1987 where you know what happened. F30 is July 29, 2003. This was the spiral, btw, that led Carolan to the discovery of the SC.

Spiral #2 originated at the August 6, 1945 atomic bombing of Hiroshima at the end of WWII. The first event on that spiral occurred at the F25 on 9/27/67 when LBJ went on national prime time television on ALL channels (remember, no cable TV then… network TV was the only game in town) offering to stop the bombing of North Vietnam if the Viet Cong and NV would come to the peace table. At the time, if you recall, he was under extreme domestic pressure from many groups to end the Vietnam War. The F26 interval is 10/6/73 exactly on the day that Egyptian Forces under Nasser launched a surprise invasion of Israel across the Red Sea in the commencement of the Yom Kippur War. The F27 interval is 6/6/81. At the time the French were assisting the Iraqis to build a nuclear reactor outside of Baghdad that would have the ability to produce fissionable material to construct nuclear weapons. On June 8, 1981, Israel sent one plane with one bomb and destroyed the heart of that reactor. The F29 interval on that spiral is July 29, 2003.

Since I uncovered spiral #2 in May, 1997, I have watched a third spiral develop to this date. This spiral works back in time from the July 29, 2003 date. You may recall the nuclear confrontation between India and Pakistan of early May, 1998 when both countries moved troops to their borders and tested nuclear weapons. It occurred on the F19 interval back from 7/29/03.

The other event on spiral #3 is the recent events in North Korea where they regained access to plutonium by cutting the UN seals on their breeding reactor. It occurred on the F10 interval back from 7/29/03.

Neither Mr. Carolan nor I are forecasting the use of a nuclear weapon this summer but the likelihood of a highly emotional event involving nuclear weapons is something that the SC seems to be suggesting. I would suggest that everyone reading this become familiar with the nuances of the SC, look at the above data, and make your own assessment.

The attachment shows the spirals graphically except for the recent North Korean episode.

[soup]

charvo: are you Roy F?

[Charvo]

soup

No, I'm a recent member.