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The Awakening


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#16 Guest_hemroid2_*

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Posted 08 January 2003 - 10:11 AM

all this bullishness seems a tad too obvious

#17 simple guy

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Posted 08 January 2003 - 10:13 AM

SG chimes in

OK... I have read the Private Messages, and the posts, and Doc and I have corresponded a bit further.

SG will let himself cool off a bit and will be back next week. Because its going to get UGLY For the Bulls and Beautiful for the Bears.

Just a quickie

SG again reminds that he believes the pattern completed yesterday and so went short. SG follows his own advice and when my cited 26.80 was hit, I entered my trade. If the E waves work for me, then I must continue working with them. If you let your emotions get in the way of your trading, you are hosed. I speak from experience here, rather than from a preaching perspective.

ST I look for 25.90 range..ish.... on q'S.... I MAY close out then, as I tend to swing trade for 1-3 days max at a whack. My returns compound doing so, trust me....

Bottom line.... I continue with my Jan 9 or Jan 10 topping day, and continue to expect the indices to fold up their tents starting next week for a MULTI WEEK decline.... as in 7-8 weeks....

Now, relating to charts and A B C, etc.... SG does not go there. I dont try to label ABC X or ZIG ZAGS or what have you. If its that type of unclear pattern, I just DONT TRADE. The last few weeks I just hung around and did nothing waiting instead for the pattern to be CLEAR. Now that its clear, then I acted on my calls... or shorts shall I say.

I have no long positions now, having closed out DSCM yesterday at 2.51 for a FAT Profit from 1.80.... (It closed at 2.29).

So, until next monday... here is the deal...

27.30 max pain upward possible still on QQQ index. If so, Im holding. If it goes over that, Im getting the hell out of my position.... this I DO NOT expect.

25.91 near term is a retracement I expect... and more likely... 25.40 or so is possible... where I may cover short term.... remember, Im at 200% leverage here.

Ultimately, wave 3 down has begun or will begin very very shortly.... and you want to be riding this wave because it will be the MOST PROFITABLE wave of this bear market over the last 3 years.... trust me on that one.... you want to be on this wave.

I will be back at ya Monday, as I expect next week it gets interesting.

Turn dates are Jan 13-16th fibonacci wise.... we may get one more runup ahead of that to blow out the final shorts....

If I had the balls, I would write a check off my home equity line and add it to my short position next week.... but I aint that dumb.

See ya Monday... and thanks for the kudos and nice messages. I got a little hot headed at Doc last night, but as I said... we worked it out... and I woke up on the right side of the bed....

3 day break will be good.... be careful out there...

#18 Yoshaviah

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Posted 08 January 2003 - 10:14 AM

RESEARCH ALERT-UBS cuts JP Morgan to "hold"
Reuters, 01.08.03, 8:04 AM ET

#19 anjing bau

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Posted 08 January 2003 - 10:17 AM

Looking for a retest on light volume of the recent 931 high on Sn'PEE to coincide with the JAN 13-16 Fib turn date window.

wathching the vix to see if it takes out the previous low of 25.xx

#20 GregFokker

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Posted 08 January 2003 - 10:17 AM

Glad you're sticking around, Simple Guy.

...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech

Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny

Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty


#21 Goldmember

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Posted 08 January 2003 - 10:19 AM

fx, what was Doc's dollar target a while back? 101 and some bits left over? I find it interesting the dollar bounced right there. Or did it do it earlier and come back to it again and then bounce. I get shivers when I see where the dollar bounced on Fokker's chart up there. Oh my! :wink2:
Anthony caused pearls to be dissolved in wine to drink the health of Cleopatra; Sir Richard Whittington was as foolishly magnificent in an entertainment to King Henry V; and Sir Thomas Gresham drank a diamond, dissolved in wine, to the health of Queen Elizabeth, when she opened the Royal Exchange; but the breakfast of this roguish Dutchman was as splendid as either. He had an advantage, too, over his wasteful predecessors: their gems did not improve the taste or the wholesomeness of their wine, while his tulip was quite delicious with his red herring.here

#22 Drano

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Posted 08 January 2003 - 10:20 AM

RESEARCH ALERT-UBS cuts JP Morgan to "hold"
Reuters, 01.08.03, 8:04 AM ET

Whereas the Bank of Drano cuts it to "piece of #&@#-ing #&@%" :grin:

Amazing that one of the big sharks turned on its own this way, at this time. Is scam week bull shake-out starting a little early?
Of course I'm caustic!

#23 Charmin

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Posted 08 January 2003 - 10:21 AM

Dividend Rally update:

White House economists are convinced that ending the taxation of dividends should tack on 10% to the stock market.

Well, so far, it looks like it's tacked on about 6%. :lol:

If your bullish:
the SPX could pull back to 900 or even 894, (OEX 455) and just be loading up the spring for a push up to 965 (OEX 490).
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster

#24 DrStool

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Posted 08 January 2003 - 10:23 AM

Technical difficulties this morning. The updates are being posted now, but will be a few mintues before complete.

If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!

#25 robinhoodlum

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Posted 08 January 2003 - 10:24 AM

way to go doc and sg! great news


it feels better in here already!

#26 sweefraapp

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Posted 08 January 2003 - 10:25 AM

On this day in

* 1815, the forces of American Gen. Andrew Jackson decisively defeated
the British in the Battle of New Orleans, the closing engagement of the
War of 1812.

* 1916, Allied forced staged a full retreat from the shores of the
Gallipoli Peninsula in Turkey, ending a disastrous invasion of the
Ottoman Empire that resulted in 250,000 Allied casualties.

* 1973, the trial of the "Watergate Seven" began in Washington, D.C. The
defendants were charged with breaking into Democratic Party national
headquarters.

* 1987, the Dow Jones industrial average closed above 2000 for the first
time.

* 1993, thousands gathered at Elvis Presley's Graceland mansion in
Memphis, Tenn., to purchase the first issue of a stamp honoring the King
of Rock 'n' Roll on what would have been his 58th birthday.

* 2003, SG returns to Capitalstool.com. Dr. B makes discovery that would change a major paradigm in the universe, but keeps it to himself. Sweef takes extra pysillium to help with the day's major work project.

#27 The End

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Posted 08 January 2003 - 10:27 AM

charmin,

I agree with the 900 # but i don't see 965.

a= 869-931

b=931- 900?

c=900- 938? 950 max imho.


Peace on earth.

This market does NOT need a war to go down.
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

#28 Goldmember

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Posted 08 January 2003 - 10:27 AM

Yah, harmony restored, let's have some farts on the pages or something to celebrate or something. I would find page farts to be extremely hilarious this am. :D
Anthony caused pearls to be dissolved in wine to drink the health of Cleopatra; Sir Richard Whittington was as foolishly magnificent in an entertainment to King Henry V; and Sir Thomas Gresham drank a diamond, dissolved in wine, to the health of Queen Elizabeth, when she opened the Royal Exchange; but the breakfast of this roguish Dutchman was as splendid as either. He had an advantage, too, over his wasteful predecessors: their gems did not improve the taste or the wholesomeness of their wine, while his tulip was quite delicious with his red herring.here

#29 MrHanky

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Posted 08 January 2003 - 10:28 AM

futures a bit down....how long till we are screaming to the upside today?


can't be long in this new "bull"

Nothing


#30 wndysrf

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Posted 08 January 2003 - 10:29 AM

Riverboating Longs is like shooting fish in a barrel.

Just long the biggest PreMarket HeatMappers.

Today's favorites:

VRSN
MENT

Beware of Buddha's forecast. Pre-OE Wednesday Wildness.

Expect early morning weakness to reverse sharply to the upside......
PigMen Proprietary Trading Desk

The Weimar Run: Bullphoria!!!!





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