B4 The Bell Humpday June 2
212 replies to this topic
Posted 02 June 2004 - 09:31 AM
We are in the Zone for the ST Full Moon Top I am expecting, however based on the past year it seems we accelerate into the Full Moon with a marginal peak 1-2 days after... on average.
I will probably close my longs if we reach the 1133 region as I am expecting 1-2 day pull back or even mini-plunge into the 11week cycle low which should still be a higher high over 1105.
Either way I will start to accumulate Longs[probably leveraged] on or after June 8th when the Venus/Sun disaster thing has peaked and I can be somewhat sure the 55day cycle low has gone too.
we'll c how it goes
Posted 02 June 2004 - 09:32 AM
Should be: "Saudis roll out the barrels."
Of course I'm caustic!
Posted 02 June 2004 - 09:40 AM
BXK, SOX, NDX, all red. Makes a rally a little less likely.
Posted 02 June 2004 - 10:08 AM
Watch the spin on oil this week as OPEC meets. If they raise the quotas by 2.5 million barrels a day the media will get whipped up in a frenzy about lower prices. In fact, it will likely prove to be a whipsaw. The additional quotas are only slightly above what OPEC was actually producing at the end of April.
Like the monetary spigots, the oil spigots have been near fully open for some time.
Posted 02 June 2004 - 10:09 AM
stop 1126-I told you he was nasty and he is with us all day-window now closing-that was a good one-the pig is only alone for a wee bit!
Posted 02 June 2004 - 10:10 AM
I cant believe they gave me more silver at 5.95!!!!!!
Full short at the equiv of 1123 all indexes..
Last crack is today
The bullishness today on Crapvision was unprecidented...absoloutly UFB
Never seen anything like it
Loonie on a ripper
Thanks for the kind words B4
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson
Posted 02 June 2004 - 10:19 AM
"nd unquestionably, the largest driver of total household debt expansion has been real estate related mortgage debt. As of year end 1999, household mortgage debt as a percentage of GDP stood a little over 47%. As of year end 2003, the number is now just shy of 62%. $2.3 trillion in new mortgage debt is now on the household books, an increase of 51% in four years." http://www.contraryi...tor.com/mo.htm; Folks really should listen to Brisbane B on M2M, seems the land of OZ is a year or so ahead of us. Real estate is cooked, only question is one of timing.
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg
Posted 02 June 2004 - 10:20 AM
Fed draining. $14.75 billion maturing only $3.5 billion in overnights issued.
More big expirations tomorrow.
Posted 02 June 2004 - 10:20 AM
GM announce new GM loyalty program. Current owners of GM cars can trade in their old cars and get up to $5000 off of a new car. I think todays auto sales #s are going to suck. Around here unsold new cars are being parked in shopping mall parking lots because dealer lots are flooded.
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