83 replies to this topic
Posted 23 December 2002 - 02:21 PM
btw...anyone see that big ipo from a 2 weeks ago?....stx gettin pounded for another 4%....in a bull market it does not happen that way.came public @12 after being reduced from 15.now @ 10.35
Posted 23 December 2002 - 02:22 PM
SG dings in...
Market up, as expected... though mildly... wont really kick in til next week and onward though...
Still riding Q's long at 200% via Rydex... 26.40 to 26.80 remain my cited targets for wave 2....
26.10 near term...
Posted 23 December 2002 - 02:23 PM
Hey Doc I'm back from shopping. Today the traffic in sunny Clearwater is much worse
than yesterday as I went out for a few last minute items
after closing out this AM for a small profit.
BBY was busy, but no wait in the checkout.
Target was not busy and no waiting to check out.
Got the teenagers gift certificates. Let them buy
when the deep discounts are in.
I'm glad I'm not in retail anymore - even when times were
good it was the pitts.
I'm holding my shorts in ROAD and YELL as I am about even
in them at this point (shorted them on last weeks spikes), but
why would anyone buy these with higher fuel prices in the
Posted 23 December 2002 - 02:27 PM
I am changing my spx pattern completion time of 894 to 2:45
view from a better chart and placing my ruler on the computer screen and checking the slope.... the slope has been consistent all morning.... isn't this fun..... just for entertainment during slow times...
Posted 23 December 2002 - 02:36 PM
Fokker's so bored he doesn't know whether to shit or wind his watch.
...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
Posted 23 December 2002 - 02:43 PM
Although SG likes to keep it simple, sometimes I dont
Mini- 5th wave should lead up into a closing high today...qqq INDEX
Somewheres around 25.80 or so.... me thinks...
could be wrong, but thats how I read em right here...
Posted 23 December 2002 - 02:47 PM
bonjour liebe stoolies! and merry crashmas and a skippy new stool to all!
In rut ro spect, 2002 was the year of the meltup. +60 point days on the NAZ, 30 on the SP, 300 on the 'wager. For no good reason, out of the blue, well coordinated, beautiful arcs on the intraday charts.
I am hoping that the markets have learned their lesson, and have matured and grown out of this partying phase. Hopefully a kinder, gentler bear market emerges from the angst of youth, and just gets on with life.
So what will be the signature aspect of 2003? Hmm? Any thoughts from stoolnation? I am hoping for some recognition, a little less wild volatility, and more public gloominess.
Best holidays to all!
Posted 23 December 2002 - 02:48 PM
Beware my oft recently cited BullishWedge on the NAS
The break above 1370 indicates something bigger is coming UPWARD
I could be wrong... but probably not...
Posted 23 December 2002 - 02:56 PM
Ford, that debt laden pig, is flirtin with short term support.
I hope it breaks down, just like their POS products.
Posted 23 December 2002 - 02:57 PM
SG, do you have a fib level for the bounce up from the 4?
Posted 23 December 2002 - 02:59 PM
No, Im too lazy... so I just peeked at the chart... 26.00 to 26.10 looks good...
May not hit it til tomorrow, not sure...
Posted 23 December 2002 - 03:07 PM
can I put my spx pattern completion time back to 2:00...894... said my timing was lousey..... if price continues to fall????/ patern negated and look for .50 fib on 30 min. time frame.....near 891.5
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