B4 The Bell Weak-end Den July 22-24
419 replies to this topic
Posted 23 July 2004 - 05:16 PM
Well we had some help today i think from ol' sol.
This weekend remember to wear a hat!
Wonderful calls on stooltrading and here all week.
And TE - that chart with the green line that you posted was great.
Posted 23 July 2004 - 05:25 PM
Yeah, I know....Maine, New Hampshire, Michigan pennisula...all across the
Nothern tier of states.
Never tried to train one of those suckers to retrieve the paper NOR cook
breakfast though. I'm not even sure the animal trainer from Ringling
would be sucessful.
Posted 23 July 2004 - 05:28 PM
Biologicals from the dog trot? Check the shoe soles!Yeah, and maybe he'll find those pesky WMD now too.
Posted 23 July 2004 - 05:30 PM
Ain't HE occupying the office of POTUS?Yeah, and maybe he'll find those pesky WMD now too.
Posted 23 July 2004 - 05:35 PM
Have you noticed the yield curve since the 20-yr has been eliminated?Keep in mind that if the truth of these numbers actually show up in the data released by the labor department, it should send the Ten Year Yield to the basement and reduce the likelihood of a rate increase. Shorting stocks tied to the housing sector could be costly if this transpires...at least on a temporary basis. Since they need to keep the Ten Year Yield low to save the consumer and the housing market, be on the lookout for stocks that will collapse on bad jobs data.
Lo-end isn't steep enough IMO to offset inflation and taxes. Results, paying taxes on negative returns.
Liars figure and figures lie!
Edited by Hunter65, 23 July 2004 - 05:40 PM.
Posted 23 July 2004 - 05:43 PM
I didn't hear Mr. Cashin's broadcast.
Assuming that he meant to be taken literally, and that he really was refering to cash, actual Federal Reserve Notes, this sounds very ominous to me.
Complacency can give way to panic in the blink of an eye.
Posted 23 July 2004 - 05:46 PM
I'm havin Checker (CHKR) burgers as I covered 1/2 today.
It's a Florida chain of drive thru garbage pits.
I love shorting them and then I have a checker burger
and fell like vomiting for a few days. It's great. When
the price runs up on low volume I go short.
Posted 23 July 2004 - 05:46 PM
Hunter, Whoa, Love sick bull meese. I thought you were talking about men!
Hey, what is the plural of moose? "Mooses" sounds as ungainly as mooses look. Meese, moosi?--much like fungi?
Posted 23 July 2004 - 05:53 PM
Rung the cash register today for three reasons. Now 50% short.
1) five consecutive down weeks
2) my conversation with End this morning who warned me to watch for an up move
3) this chart -- pink numbers are FIb retracement days and today was #21 from the June 23 top
A 50% retracement from here would take us back up to the 50-day MA. Next Friday is a Bradley turn date (July 30). I bet we spend next week moving up to 1116ish.
Posted 23 July 2004 - 05:56 PM
This has been a tough move to pin an EW count on. THis one matches the chart above and has the best look of any I have posted to date, IMO. 990 is the longer price objective for this count.
Posted 23 July 2004 - 05:57 PM
Wouldn't surprise me to see a move up next week. Convention celebration and EOM tape painting fit right in.
Posted 23 July 2004 - 06:00 PM
Not if you shorted it !
Of course I'm caustic!
Posted 23 July 2004 - 06:03 PM
990 - 990N
Coincidence? I wonder....
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