B4 The Bell, Frieday, March 5
326 replies to this topic
Posted 05 March 2004 - 11:37 AM
While each intraday stock index chart is an uninterrupted erect shaft, I note the T-boner hasn't softened much. Thus the inverse relationship on the news noise has not been maintained on the reaction.
Props to da boyz. They got mortgage rates below 4.00, a good start if they can hold it. And they've managed to jam stocks back up in only an hour. All aspects of the economy are clearly too distorted to consider any of this real. Criminals in high places, as always.
Posted 05 March 2004 - 11:38 AM
Today's candle will stand for all eternity as a monument to market criminality...signifying the top of Bubble Part Deux
Posted 05 March 2004 - 11:41 AM
the importance of placing a stop just over resistance-my stop 1163 the high 1162.99-saved by one tick. Intc still down, sox still rocky if we can come back under 1158 we are ok 58-60 is the demarcation line above it we go up maybe to 1200 below we go down to 1140.
Posted 05 March 2004 - 11:45 AM
Ok....OK...it all makes sense now....
=DJ US Stocks Are Now Up On Prospect Of No Interest Rate Hike
By Karen Talley
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Stocks are now rallying Friday on the prospect that the Federal Reserve won't be raising interest rates. Earlier, shares were down after the market received a poor jobs report and downbeat news from Intel, the world's largest semiconductor maker.
Investors appear to be considering that the Federal Reserve could hold off on an interest rate hike knowing that February non-farm payrolls grew by just 21,000, down from an increase of 97,000 in January, and well off the 125,000 growth that economists has projected.
(More on Dow Jones Newswires)
Posted 05 March 2004 - 11:47 AM
bought 1165's puts stop 1165-spt om for $12.-if we break 1165 its go long time.
Posted 05 March 2004 - 11:51 AM
I think it's a short squeeze. But I'm not quite ready to roll them bones yet.
Posted 05 March 2004 - 11:53 AM
Crude oil is our best "funny mental" hope of stopping the madness.
$40 oil would end Mr. Market's frat house party in a hurry ...
"GOLD -- it's not just for misers anymore."
"Dollahs -- fire-starters for the K-wave winter." - Drano
"Three humps and a dump." - anotherone, 21 SEP 2004
"No gold was harmed in the making of this movie." - Bizarro Greenspan
[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals." - our jickiss
Posted 05 March 2004 - 11:56 AM
I think we are gonna be ok-Hi-Hat-that was a good move. one hour turn at 1/4 past the hour will tell us if we are right.
Posted 05 March 2004 - 12:02 PM
All credit to Stain the other day he posted that he thought a thrust from the triangle to the 1163 area would happen and then down-I agreed with him that was possible and that is what we got-now we need the collapse...a move back over 1163 negates it.
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