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B4 The Bell, PreCrash Moonday, May 10


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#256 brian4

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Posted 10 May 2004 - 10:09 PM

The Good and the Bad-The Good- Bernie Schaeffer who i have enormous respect for as a market timer par excellence, who called and rode the rally today goes short and long term Bearish. The Bad-my contrary indicator-Bob Carver who is generally wrong also goes Bearish. :blink:

#257 K Wave Rider

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Posted 10 May 2004 - 10:19 PM

The Good and the Bad-The Good- Bernie Schaeffer who i have enormous respect for as a market timer par excellence, who called and rode the rally today goes short and long term Bearish. The Bad-my contrary indicator-Bob Carver who is generally wrong also goes Bearish. :blink:

That's what crashes are made of...everyone piling on and bailing out at the same moment in time..we'll see if it works this time around..

#258 brian4

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Posted 10 May 2004 - 10:20 PM

You know General Tortuga testifying at the open told it like it is and that is rare-I Salute you Sir as an Officer and a Gentleman and a warrior!

#259 stained jeans

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Posted 10 May 2004 - 10:31 PM

60 minute spx chart with stochastics.

End,

You posted one on Friday intraday with a histogram on it. Did that divergence clear up today? TIA

#260 The End

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Posted 10 May 2004 - 10:45 PM

60 minute spx chart with stochastics.

End,

You posted one on Friday intraday with a histogram on it. Did that divergence clear up today? TIA

Yep

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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

#261 The End

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Posted 10 May 2004 - 11:02 PM

I have been on several boards tonight and there are very few believers in a big drop from here. I for one, will be on the other side of that trade. Shorting the rallies for a while. :wink2:
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

#262 wndysrf

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Posted 10 May 2004 - 11:07 PM

Is this Wednesday the "Turnaround Wednesday" prior to OpEx?

Probably see a rally back up to the old support line.

Kind of scary to stay short after two days of -1400 TICK readings.

Of course, my YHOO and BRCM shorts are on Perma Viagra, impervious to all market maladies.

I'm getting no action on those two hookers.....
PigMen Proprietary Trading Desk

The Weimar Run: Bullphoria!!!!

#263 The End

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Posted 10 May 2004 - 11:08 PM

Doc said it best and it was repeated here on many occasions. Realists or bears, if you prefer have been beaten up so badly over the past year that most will miss it. I said it then and I am saying now. I ain't going to be one of em. I may cover once in a while to book profits but, I will remain net short until resistance can be overcome.
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

#264 The End

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Posted 10 May 2004 - 11:10 PM

Is this Wednesday the "Turnaround Wednesday" prior to OpEx?

Probably see a rally back up to the old support line.

Kind of scary to stay short after two days of -1400 TICK readings.

Of course, my YHOO and BRCM shorts are on Perma Viagra, impervious to all market maladies.

I'm getting no action on those two hookers.....

Although I am not short them, Both xmsr and A are down nicely from the time they were mentioned here.
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

#265 Hiding Bear

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Posted 10 May 2004 - 11:11 PM

Some very intelligent people I know rode several stocks all the way to zero in the last go round. They are still in the market, and still own the same old crappy stocks.

Except of course the ones that disappeared.

People who can afford it hold on with a death grip. Buy you are correct, some people have to sell because they will need the money. But that is always there. Will more people will need the money in the months ahead due to financial distress? Probably, but again, you were correct in pointing out that fewer people will be using refi cash out to buy stocks. In fact almost no one will. And that was one of the props driving stock prices higher, a clear example of how one bubble drives another. All phony funny Ponzi money.

You wonder how many of those were planning on their stock profits to make the mortgage payment. Yes leverage does work in reverse.

Well said.

From observing the real estate market closely the last few weeks, it looks like mortgage activity has slowed even more.

If we lose mortgage credit and Yen credit, what's going to keep the credit bubble going? Al better think of something good and fast.

#266 brian4

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Posted 10 May 2004 - 11:22 PM

You are right TE-most Bears have so much scar tissue they can't tell Reality from Fantasy- it's OK with me BUT don't BITCH when you get slapped upside the head and Puhleeze don't whine about the huge rally to come -it is over for the Bulls. Period! ;)

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Posted 10 May 2004 - 11:32 PM

I thought Doc framed it well TE -to bounce or not to bounce-if we bounce I lose 3 points a contract and will sell the top. Exactly at the open General Tortuga the whistleblower who wrote the damning report testifies before the senate committee-I trust his driver will check under the hood before they leave. ;)

Routine is to weld all manhole covers too in DC.

:rolleyes:

#268 yellowfish

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Posted 10 May 2004 - 11:32 PM

Anybody have a good solution the the problem of how stops should be set in this kind of downtrend? It's been so long I've forgotten what works.

Nothin good about it, just risky... but so far profitable for me.....with no stops.

If it polaxes up you bail fast or you ride it out. MXIM has been givin me fits, but IMHO the SOX is goin nowhwere so I have not covered. At todays close I am underwater by just under 3 points, but I have very little fear as the trend is still with the bears. When/if she breaks $50 I will prolly crap my pants :o and maybe even cover, but until then EFF the Matrix!

As everyone should know... I am a newbie at this so please don't listen to me....B4 knows best......but so far in this recent bearish environment I have made good profits on my short trades once I cleared my stops....before I was always getting whipsawed out.

Also, the only cash I have in the market is "gamblin money" to me...if I could not afford to loose it I sure as hell would not put into the most rigged casino on the planet.
"No matter what happens, I will look back and smile" - Beardrech

#269

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Posted 10 May 2004 - 11:40 PM

T E..........

You are the music man,

Check this one out. It may be a little old thogh.....


http://www.singingman.us/DYR.htm

#270

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Posted 10 May 2004 - 11:46 PM

Hunter65,

What do you mean old? I remember all of them like it was yesterday.

:)





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