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#16 anotherone

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Posted 03 October 2003 - 04:31 PM

Join Doc and Ike Iossif on Marketviews.TV this weak end for an audio panel discussion with three of your fellow stoolies, machinehead, wndysrf, and K Wave Rider.

THE STOOOLLLLL TRAAAAIIIIINNN!!!!
"Calista Flockhart's top is not near as significant as Maria's bottom."
--"Zapata" George Blake 8/5/2003

#17 The End

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Posted 03 October 2003 - 04:33 PM

Doc, it doesn't remember my password and niether do I.
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

#18 DrStool

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Posted 03 October 2003 - 04:34 PM

Your Closing Anals Intraday are now posted. Take a subscribatory, open it and download it RIGHT NOW, along with everything else in your Anals! 

If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!

#19 anotherone

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Posted 03 October 2003 - 04:35 PM

I got in. :P :P :P
"Calista Flockhart's top is not near as significant as Maria's bottom."
--"Zapata" George Blake 8/5/2003

#20 paul-s

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Posted 03 October 2003 - 04:37 PM

Allow me to paraphrase a post from crooked_anal cyst on today's IDS:

The Bulls have stepped on the gas
And old highs will likely surpass
To heck with spoo futures
Anyone got sutures
To fix this great rip in my A$$ ?

#21

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Posted 03 October 2003 - 04:39 PM

The big fact today was that the SPX cash got within 0.98 point of setting a new 12-month high, then closed 10 points below its high. The Dec. spoos opened at 1032, and it looks like they'll close below their open.

It's a potential double top. I'll bet brian4 and The End have something to say about it too.

p.s. Have a great weekend soup.  ;)

damn straight on the potential for a double TOP. However, A high is not due until Tuesday +- a day. I am perplexed. I did not trade well personaly today. I shorted more at 1036 but covered that position for a slight loss and bought 1 (thank g-d, only one) call. I still own it. :angry: Still have 6 Nov. 1050's though(puts). Wish I had seven. The fly in the ointment is the fact about what the new week brings. Do we close the gap at 1020 and then go up? Do we fall from here into late Oct.?

An expanding triangle could still be in play targeting 1050 before we fall.

tHE eND,

cANT FIND jIM cURRY INTERVIEW ON iKE iOSSIF WEBSITE. dO YOU HAVE THE EXACT LINK ?

#22 An Ant

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Posted 03 October 2003 - 04:41 PM

Your Closing Anals Intraday are now posted. Take a subscribatory, open it and download it RIGHT NOW, along with everything else in your Anals! 

I could get in but there is a different problem that I had few months ago.

When I click on a URL in message, nothing happens. The board window
becomes unusable and other window does not show up.
Happened twice already (on PD's link and Anals closing link)
A right click and "Open in new window" works fine.

Not sure if this is related but just wanted to report.

#23 DrStool

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Posted 03 October 2003 - 04:42 PM

Uncle Buck and the Long Bong Hit, including short and long term updated charts and price targets, is now loaded. Take a subscribatory and get the latest whiff of the of the Long Bong Hit and Uncle Buck in the Anals RIGHT NOW!

If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!

#24 The End

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Posted 03 October 2003 - 04:45 PM

The big fact today was that the SPX cash got within 0.98 point of setting a new 12-month high, then closed 10 points below its high. The Dec. spoos opened at 1032, and it looks like they'll close below their open.

It's a potential double top. I'll bet brian4 and The End have something to say about it too.

p.s. Have a great weekend soup.  ;)

damn straight on the potential for a double TOP. However, A high is not due until Tuesday +- a day. I am perplexed. I did not trade well personaly today. I shorted more at 1036 but covered that position for a slight loss and bought 1 (thank g-d, only one) call. I still own it. :angry: Still have 6 Nov. 1050's though(puts). Wish I had seven. The fly in the ointment is the fact about what the new week brings. Do we close the gap at 1020 and then go up? Do we fall from here into late Oct.?

An expanding triangle could still be in play targeting 1050 before we fall.

tHE eND,

cANT FIND jIM cURRY INTERVIEW ON iKE iOSSIF WEBSITE. dO YOU HAVE THE EXACT LINK ?

One question are you a subscriber? If you are, Log in, scroll down the page until you see J. Curry's name and click on the link, then click on the most recent interview (9-19-03).

http://www.marketviews.tv/
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

#25 fxfox

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Posted 03 October 2003 - 04:46 PM

i dont piss in my pants nor do i shit into them. Double top a possibility, onjly thing that bothers me a bit is the gold crahs, i mean a 5 dollar downmove would have been normal, but that crash today feels more like at that top in feb.

Look at Dow, look at that beautiful channel low of july1 and aug6, now make line, afte royu have finsihed you make parallel line starting with high og june 17 next point is high of sep4, do ignore the false breakout at sep19, this line is currently around 9700. That is a beautiful channel, will it be broken to the upside? I doubt highly.

The probelm for bears: We need some bad news, i mean NEW bad news not those everybody already knows. Some pretty hard earniongs warnings could do the job.

I think the top is more or less in. Look, after such a monster bull run, we cant just top out in one day and then collapse, thjsi is more like a process, could take weeks.
'patriot' is formed with 'patria' and 'idiot'

#26 tpark

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Posted 03 October 2003 - 04:48 PM

Spending our way to disaster

The consumer debt bubble in the United States could make the stock bubble seem like nothing.
October 3, 2003: 10:32 AM EDT
By Justin Lahart, CNN/Money Senior Writer



NEW YORK (CNN/Money) - The American consumer has become deeply addicted to spending, running up ever higher levels of debt in order to live in a fashion that is beyond his means. And the world has become equally addicted to the consumer continuing to burn through cash.

It's a dangerous situation -- potentially a bubble that dwarfs even the U.S. asset bubble that burst in 2000 -- and it will be a challenge for policy-makers to keep it from ending badly.




US consumers are hooked on spending

#27 BAREister

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Posted 03 October 2003 - 04:49 PM

TwoScrews, Mr William FURd has replied:
He's simply INCENSED that you made fun of BOTH the Edsel AND his alma mater today on Intraday Stool.
He is, thereFUR, going to deny you access to ZERO percent financing on his obscenely monstrous, gas guzzling SUV's and pickup trucks.

Igor, old bean! I say!!! Those school ties are still good FUR SOMEthing, wot?

Igor???
"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

#28 Grand Poopercycle

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Posted 03 October 2003 - 04:55 PM

Adam Hamilton was looking for a 'waterfall' drop in SPX just
before the big turn up in March. <_<

#29

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Posted 03 October 2003 - 04:58 PM

So, we have a meltup (which couldn't sustain its mo-mo into the close), fuelled mostly by a superficially glowing employment report.

And that report? Well, Elaine (Me-Love-Mitch-Long-Time!) Chao's bunch made a really quite significant methodology change in midstream in order to get the glowing number -- underweighting traditional corporate employment and overweighting [estimated] small-time independent employment.

Now, in a world which cared about clean numbers, the fact that such a change was made without fanfare would be a scandal. Instead, it's a festival!

Moreover, in a world which cared about clean numbers, there should at least have been an appendix saying, "Here's what we changed, and here's what the number would have looked like if we had stuck with the previous methodology."

You may draw your own conclusions from the fact that such a comparison was very definitely not on offer.

Anyway, your faithful correspondent is simply *itching* to get short; the forecast calls for pain. But I can't imagine that this is the end of the blatantly manipulated, outright false data to be pushed out by this Administration.

There is something which they absolutely know in their bones must happen within the next few weeks -- they HAVE to turn the market and the economy to the upside. Now, now, now, now. This is the last chance they've got. It's a raw, brutal, Darwinian imperative for them to do so.

If they don't manage to get the nose up in the fourth quarter? Well, January 1, 2004 is when most Americans wake up, roll over, stretch, yawn, and say, "Hey, honey, it's a Presidential election year." Really, in all honesty, right now, average Joes and Janes are not paying much if any attention. A startling number of people cannot, for instance, name a single one of the eight or so Democratic candidates for the Presidency.

Early 2004 is when the press is going to really begin to crank up its political coverage, too. And one thing which always happens in an election year with a down economy is that the down economy begins to lead the coverage.

A feedback loop then kicks in (wherein the economy continues to suck because the evening news references its suckfulness every night when talking about the race, which then serves to depress consumer and business confidence). Rather quickly, it becomes an inescapable albatross around the necks of incumbents.

The Bush people have seen that movie before, in 1992. They didn't like the ending.

Expect for the massaging and adjusting of numbers to become even more overt and shameless and extensive, all the way through Q104. At that point, the cake is baked, and if things aren't looking up, well, the operatives are going to start spending more time on resume polishing than on number tweaking.

#30 anotherone

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Posted 03 October 2003 - 04:58 PM

i dont piss in my pants nor do i shit into them. Double top a possibility, onjly thing that bothers me a bit is the gold crahs, i mean a 5 dollar downmove would have been normal, but that crash today feels more like at that top in feb.

Look at Dow, look at that beautiful channel low of july1 and aug6, now make line, afte royu have finsihed you make parallel line starting with high og june 17 next point is high of sep4, do ignore the false breakout at sep19, this line is currently around 9700. That is a beautiful channel, will it be broken to the upside? I doubt highly.

The probelm for bears: We need some bad news, i mean NEW bad news not those everybody already knows. Some pretty hard earniongs warnings could do the job.

I think the top is more or less in. Look, after such a monster bull run, we cant just top out in one day and then collapse, thjsi is more like a process, could take weeks.

Bad nooz? Do you want the N. Koreans to nuke someone?
"Calista Flockhart's top is not near as significant as Maria's bottom."
--"Zapata" George Blake 8/5/2003





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