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B4 the Bell Turdsday July 8, 2004


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#241 brian4

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Posted 08 July 2004 - 09:59 PM

Wave 3 DOWN-Stain??

#242 Hiding Bear

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Posted 08 July 2004 - 09:59 PM

HB- McHugh and Doc and I and TE are pretty much in agreement , as I said earlier a rally to 1120 could be a Friday smiley-face and then lights out but I am leaning to continuation. There is the convergence of a lot of forces on the house of cards right now and the Funds are running on empty as far as cash is concerned. In the real world what just happened to Twig and my Nieces husband both being in highly skilled and well paid IT jobs just reinforces my thoughts of a Tech CRASH leading the way. ;)

Many tanks. It seems like all mentioned are plugged into where the market is going lately.

Even as a bear, it is still surprising to see a wave of layoffs suddenly hit high tech.

This weak's money supply figures show continued stagnation. Money supply should be growing faster with the stimulus of lower long term rates for mortgages and faster growth of the monetary base. But it's not, like Hypertiger says - the credit system is not working so well lately.

#243 stained jeans

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Posted 08 July 2004 - 10:06 PM

Virtually no doubt in my mind, Brian. Just looking for a good entry point to increase my shorts. I think Spoos bounce off the 200-day MA tomorrow and then retrace 50%. We shall see...

#244 Hiding Bear

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Posted 08 July 2004 - 10:06 PM

The American Peso is getting pounded into ratshit tonite-go GOLD!

The dollar is the weak link here.

They can't raise rates fast enough to support it.

But any renewed rate cut or reliquifaction attempt will crush it.

The dollar is where the bill comes due for the long-running "free lunch."

Bad money drives up good. ;)

Exactly.

Rates will not rise fast enough to offset the increased production of dollars. The Fed appears to be sleathily initiating its quantiative expansion of the monetary base at the same time double talking about raising rates because the economy is "strong". :angry:

#245 purdymouth

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Posted 08 July 2004 - 10:11 PM

Bush Wins; House Leaves Patriot Act As Is
http://apnews.myway..../D83MTBT80.html

#246 Guest_Icky Twerp_*

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Posted 08 July 2004 - 10:16 PM

Ickster who is on board now recently had the "TWig" experience as well I hope Twig has Icky's luck! ;)

Network HARD with everyone you know.

I don't wanna diss the cheery optimism, but I counsel cold assessment. . .

Geez, if you're here, you're expecting the worst. . .

Best of luck, Twig. . . .

#247 The End

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Posted 08 July 2004 - 10:18 PM

Virtually no doubt in my mind, Brian. Just looking for a good entry point to increase my shorts. I think Spoos bounce off the 200-day MA tomorrow and then retrace 50%. We shall see...

Yepper, but I am looking for a smaller bounce. 1115-1118.

Another silly night of golf. Got 2 three for one's though. :)
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

#248 reck

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Posted 08 July 2004 - 10:21 PM

twig -

been through it myself last year. stay cool and take what the govt gives...and network and talk to placement services if you have them in your area.

it was not fun, but ended up better. best of luck...

r

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Posted 08 July 2004 - 10:26 PM

990N must be working the second shift.

#250 The End

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Posted 08 July 2004 - 10:26 PM

Twig,

Best of luck to you and your family.
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

#251 brian4

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Posted 08 July 2004 - 10:31 PM

LINK Ed Downs who ain't fancy just uses straight old T/A BUT has a great track record which B-4, the Queen of Perth and TE can attest to says we are into the abyss. Go Ed GO!

#252 stained jeans

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Posted 08 July 2004 - 10:41 PM

End,

If Spoos bounce off the 200-day and back up to the 50-day (1118), that's a 38% retrace. That would make a lot of sense with this wave count...

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#253 brian4

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Posted 08 July 2004 - 10:43 PM

Somebody/something-just gave the Spoo's a kick in the groin-Brian like that! ;)

#254 Brown Suguaro

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Posted 08 July 2004 - 10:44 PM

Twig....Ain't that a brown saguaro!

My heart really goes out to you my good man. I feel so helpless to add something positive. All I can come up with are banalities.

Your experience is the kind of thing that made me decide to start my own small business years ago. It gave me a feeling of being more in control of my own destiny. The bumper sticker on my van read: " Love my job. Great boss. I'm SELF EMPLOYED". I hate to be dependant on others.

Hope it all works out for you soon.

B.S.

As a famous sports figure once said: "And if you come to a fork in the road, take it."

#255 stained jeans

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Posted 08 July 2004 - 10:49 PM

Yeah, Twig. Didn't mean to ignore ya. I work as an independent consultant and I have only been able to keep paychecks rolling 8 of the last 12 months. My worst year since 1992. Sucks...





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