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B4 The Bell, Humpday, June 16


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#16 microdon

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Posted 16 June 2004 - 08:21 AM

The US has a 2 party system sad as that is one must make a choice

vote for a issue you belive in or vote your coscience imo

From your last post I take it you do not vote in the US elections.

Bearman--Who said it is etched in stone that this country has a two party system? Third parties have existed, Teddy Roosevelt being the last serious candidate to try to break from the mold created by the other two parties. If you believe, as Plunger and a few other stoolies do, that the current two party system is so corrupt, in effect being two sides of the same coin, then perhaps the only honorable action is to not vote for either party's candidate, as such a vote, rather than being the "lesser" of two evils, is in effect a validation of that evil.

You know what the Chinese say: "Be careful what you wish for..."

#17

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Posted 16 June 2004 - 08:22 AM

Futures jam delayed until 330am as someone was snoozing
All oil in Iraq for export purposes now cut off.
Oil now up only 4 cents on the news and falling
Oil must not be allowed to react normally to disruptions by the "insurgents" or the terrorists have won.

Again the dollar is in demand up .74 and they are stepping on the metals
Market has become so predictable

Adobe just downgraded prior to earnings tomorrow. BUY

Hope its not deflation cause ...I wont even start

#18

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Posted 16 June 2004 - 08:23 AM

REPOST from Mon
============

Trouble with fearless forecasting is that you gotta get it all right..looks like we topped on Thursday and not this A.M at 9:30 like I thought....

anyway here goes bears.....

With the futures & HangSeng[it tends to lead da futures n not vis-versa] situation...it looks similar to May 17th and I do not think we gap down n GO lower all day..looks like we ST topped on June 10th and from their I think we go sideways into Friday Opex..with a low today.. a higher low on Tuesday...a rally on wednesday and a huge retrace down on Thursday...with a 100% retrace up of Thursdays decline on Friday

I suspect the real rally starts next week after Opex right into July 9th-12th

we will c as I expect a major low around July 14th


I think the 11wk cycle low comes in right on time today at today's lowest low[counting from March 24th this your 55th fib day] & that we see a high[gap up] on the June 17th Bradley date with a low[gap down] on June 18th....{this is the Bradley June 22nd low + 1day}

After the above.. we climb the wall of worry of the following into June9-12th of the following :

June 30th - CPA handover in Iraq / Fed meeting
July 5th - Independence Holiday

***********

RISK IS TO BE LONG ...up to June 22nd !!!!! imo



NEWBIES: Please ignore my roadmap posts as they are strictly for entertainment purposes and can seriously damage your trading account. Also remember that in the world of the MATRIX since March 2003 it is substantially MORE risky to be short than long as even the dumbest bulls have multiple chances to exit due to Matrix activities.

The opposite is not true for shorting and wrong entry levels WILL NOT BE FORGIVEN till we are in a confirmed downtrend.

For Shorting as Brian4 says watch and learn...B4 is a true master at short entry levels.


BDK

#19 purdymouth

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Posted 16 June 2004 - 08:27 AM

CNN "Target: Iran" graphic swoops in...


Iran takes on west's control of oil trading
http://www.guardian....1239644,00.html

Iran is to launch an oil trading market for Middle East and Opec producers that could threaten the supremacy of London's International Petroleum Exchange.

[...]

The Tehran oil bourse is scheduled to open in 2005, according to its architect, Mohammad Javad Asemipour, who is a personal adviser to the Iranian energy minister.

"We are in the final stage of choosing a concession for what is going to be a very big development for us and the region," he said.

[...]

He played down the dangers that the new exchange could eventually pose for the IPE or Nymex, saying he hoped they might be able to cooperate in some way.

[...]

The country has the second biggest oil reserves in the world behind Saudi Arabia.

#20 Lock Limit Down

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Posted 16 June 2004 - 08:29 AM

Caught the CEO of LEN on the Borg channel earlier
Your not going to believe what he was telling America as they were on their way to work...
Real estate will be UNAFFECETED with rates rising.
Things would slow only if mortgages hit 8-9%
How do these braindead morons look at themselves in the morning?
Posted Image
"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

#21

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Posted 16 June 2004 - 08:32 AM

Agree with Hithat for today,

Hope that doesnt jinx him..imo The essence of what I said remains the same, however instead of gapping down today..I think we will gap up[obviously since da futures are up -:)] today and sell off. We will NOT make lower lows than Monday [1122 I think] and hence that may be a guide to covering or keeping stops closer.

In summary I think the lows were in on Monday and hence todays roadmap plays out then we should rally on Thurday and maybe gap down on Friday and then rally all day...either way I dont expect all those profitable puts to expire in the da money.

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Posted 16 June 2004 - 08:34 AM

If it's not obvious enough by the recent news surrounding Iran's nuclear activity, claims that they are amassing troops on the Iraqi border, and connections to Chalibi...and the news that Iran is looking to establish a competitive trading market, trading oil in currency other than the U.S. Dollar...it is crystal clear that we will be invading Iran over oil. Expect some convenient excuse to do so in the next two months.

Are you positioned for the next war rally?

#23 Lock Limit Down

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Posted 16 June 2004 - 08:41 AM

JPM calling for 1140 today and is bullish for the next 4-6 weeks.
GS now saying no bubble in housing and .25 point hike from fed
and 3 more to come.
If it happens it should be over for the bulls.

They keep talking about .50 basis points. If Im wrong about them staying unchanged and they do hike .25, it could be the plan is to surprise to the downside setting up another run skywards in equities and the polls
Posted Image
"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

#24

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Posted 16 June 2004 - 08:41 AM

The party is over. The two party system IS the problem.

The Bill of Rights affords all of us a THIRD OPTION...the opportunity to adopt a new form of government if this one fails us. My vote in this system won't result in a solution to the problem. The two party system of "divide and conquer" IS the problem. I hate all politics.

The only thing I need to get the truth out is a modem and a keyboard. Nobody speaks for me, better than me.

"No less significant is the intellectual outlook of the rank and file in the communist and fascist movements in Germany before 1933. The relative ease with which a young communist could be converted into a Nazi or vice versa was well known, best of all to the propagandists of the two parties. The communists and Nazis clashed more frequently with each other than with other parties simply because they competed for the same type of mind and reserved for each other the hatred of the heretic. Their practice showed how closely they are related. To both, the real enemy, the man with whom they had nothing in common, was the liberal of the old type. While to the Nazi the communist and to the communist the Nazi, and to both the socialist, are potential recruits made of the right timber, they both know that there can be no compromise between them and those who really believe in individual freedom."

The Road To Serfdom by F.A. Hayek

#25

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Posted 16 June 2004 - 08:43 AM

U.S. Says Iran Trying to Bully UN Nuclear Watchdog
Wed Jun 16, 2004 06:26 AM ET

VIENNA (Reuters) - Iran is trying to bully the board of the U.N. nuclear watchdog by threatening to resume the enrichment of uranium, the U.S. ambassador to the United Nations in Vienna said on Wednesday.

"What we're seeing is a full court press of intimidation by the government of Iran and its delegation here," ambassador Kenneth Brill told reporters, using a basketball metaphor. The United States suspects Iran of developing nuclear weapons under cover of a civilian atomic energy program, which Iran denies.

"People who are trying to produce electricity for lightbulbs don't engage in this kind of behavior," he said.

http://www.reuters.c...storyID=5435781

#26

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Posted 16 June 2004 - 08:45 AM

The party is over. The two party system IS the problem.

The Bill of Rights affords all of us a THIRD OPTION...the opportunity to adopt a new form of government if this one fails us. My vote in this system won't result in a solution to the problem. The two party system of "divide and conquer" IS the problem. I hate all politics.

The only thing I need to get the truth out is a modem and a keyboard. Nobody speaks for me, better than me.

Respectfully disagree. The 2-party system appears to be the problem when
one does not consider the characters in the system. The characters in the 2-party system are the problem.

Liberal and Conservative are meerly convient labels because a socially liberal
person can be a ultra-conseravitive in fiscal matters. :D

#27 Pee Brain

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Posted 16 June 2004 - 08:46 AM

I was reading one of the Japanese papers last night, Nikki I think, where
one of their bankrupt BANKS was being audited.

So far 600-billion+Y had been totaled as deficit. Another public bailout no doubt.


Hunter,

back during the RTC days, japanese banks had tons of bad loans. they were simply shifted off of the US books and onto local (Japanese) books. it will be interesting to see how many bad loans are being carried at "book value".
Iat least we're all safe for now. thank God we're in a bowling alley.

#28

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Posted 16 June 2004 - 08:48 AM

IAEA Moves Against Iran Result From U.S. Pressure: LBC Chief Editor
BEIRUT, Lebanon (MNA) -Ė The chief editor of the Lebanese LBC television network Sultan Suleiman says the measures by the UN nuclear watchdog against Iranís nuclear program originate from the U.S. pressures.

Suleiman maintains it is quite clear that the International Atomic Energy Agency (IAEA) has adopted a double-standard policy in the region; he asks why the IAEA seeks a tough and unnoticed inspection of Iranís nuclear sites but it doesnít care about other nuclear sites in the region.

http://www.mehrnews....470&t=Political

#29

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Posted 16 June 2004 - 08:53 AM

Euro/$ in freefall..could get 2oopip/2cents decline today.

#30 DrStool

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Posted 16 June 2004 - 08:53 AM

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