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J-Lo Saucer Bottom


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#1 wndysrf

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Posted 24 October 2003 - 04:04 PM

Off to a meeting, gotta make it quick.

J-Lo Saucer Bottom, played out by the Robots according to script.

No serious selling until the builders and lenders crack, according to K-Wave.

XAU and HUI still bullish.

Still plenty of mo-mo money chasing the commodiites.

Good luck to all Riverboaters.

Take it away Stooltown.
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#2 flockofsheeples

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Posted 24 October 2003 - 04:07 PM

I really don't believe they brought this thing back to even. Simply amazing. :shocked
I don't know why they call it hamburger helper...it seems to do just fine on its own-Uncle Eddie, "Family Vacation"

#3 An Ant

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Posted 24 October 2003 - 04:08 PM

Is NDX doing back kiss of KWR's 1370 support?

#4 Ned38

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Posted 24 October 2003 - 04:11 PM

Is it really this easy?

http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[l,a]daclnimy[p][vc60][iue12,26,9!lc20][J8400176,Y]&listNum=2

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Posted 24 October 2003 - 04:12 PM

Damn, I go out for a couple of hours and come back to see my .70 cent drop only down .05 at close!
J-Lo bottom definitely defines the afternoon SOX chart.
http://finance.yahoo...bc?s=^SOXX&t=1d

#6 MyGoldenStool

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Posted 24 October 2003 - 04:12 PM

I'll betcha if MSFT was excluded, all indices would have closed in the green today. :rolleyes:

#7 machinehead

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Posted 24 October 2003 - 04:13 PM

VXO (S&P 100 implied volatility) closed at 18.93 ... 12th consecutive day below 20.

QQV (QQQ implied volatility) was at a low 23.74 near the close.

Conclusion: the past week was a gift for those who were already short. The complacency didn't even budge.

For those who weren't short, there's still miles of air below the market. The market is not Dover Sole, and not listing dangerously from too many on the short side of the boat.

The Dow's intraday low was 9497.72. The usual dance requires touching the round number 9500 intraday (done), then moving through it intraday, and finally closing through it. One day at a time ...
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#8 DrStool

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Posted 24 October 2003 - 04:14 PM

Short Covering Boner Blast

Too Much Too Soon, Bears Panic

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#9 Stoolander

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Posted 24 October 2003 - 04:17 PM

S&P futs close 1 tick below 1030 <_< and above yesterdays close.

That's nothing for the bears to celebrate imo.

The market took a 1 - 2 punch (Sony - MSFT) this week and came back from the dead. Watch out for zombies.

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Posted 24 October 2003 - 04:18 PM

DrStool Posted on Oct 24 2003, 04:14 PM
--------------------------------------------------------------------------------
Short Covering Boner Blast

Too Much Too Soon, Bears Panic


But, But, Doc, isn't that good for the real bears?

#11 Farmer

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Posted 24 October 2003 - 04:21 PM

It was a tough call.

Almost pull the trigger several times.

But after further consideration.

Have to give it to Machinehead with his

Quote:"BJ's behind the glory hole in the mens room"

You win a free visit to Sas catch a wand Machinehead :D :P :D :P

#12 Auntie Septic

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Posted 24 October 2003 - 04:21 PM

DrStool Posted on Oct 24 2003, 04:14 PM
--------------------------------------------------------------------------------
Short Covering Boner Blast

Too Much Too Soon, Bears Panic


But, But, Doc, isn't that good for the real bears?

One would think so, for the five of us that remain here.
Removed.

#13 BartTheBear

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Posted 24 October 2003 - 04:23 PM

Short covering that starts at 3:00pm closes at the high of the day and damn near prints a bullish hammer? I dunno. :blink:

#14 Farmer

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Posted 24 October 2003 - 04:24 PM

Gruff did say it would take some real selling to get through the bottom of that channel. ;) ;) ;)

#15 Farmer

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Posted 24 October 2003 - 04:29 PM

Mousey, I know, you of coarse have first dibs on the Mousemobile, But if you don't need it on Monday I might have to borrow it to GET OUT OF TOWN. Of coare you may need it to, so in that case please pick me up on your way by.

TIA Farmer

PS I'll be out in the pasture. I'll see ya comin. B) B)





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