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B4 the Bell, Moonday Aug. 9, 2004


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#46 BumRush

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Posted 09 August 2004 - 10:42 AM

Epic battle- where $$ is hiding (and fleeing)

DJ Money Flow Table For Major U.S. Indexes And Stocks

MONEY FLOW - UPTICK/DOWNTICK TRADING DOLLAR VOLUME
Aug 9, 2004, 10:00 a.m. Eastern Time

MARKET MONEY FLOW (in millions) RATIO
TODAY PREV DAY
DJIA +9.9 +11.7 107/100
Blocks +19.3 -208.8 120/100
DJ US Total Mkt +89.1 +797.9 108/100
Blocks +75.8 +246.9 121/100
S & P 500 +55.5 +548.1 107/100
Blocks +76.8 +90.5 128/100
Russell 2000 +14.4 +147.3 107/100
Blocks +3.1 +84.0 113/100

ISSUE GAINERS EXCH LAST PRICE MONEY FLOW RATIO
(in millions)
BP Plc ADS (N) 55.13 +17.1 1310/100
BankAm (N) 83.96 +13.4 296/100
GenElec (N) 31.59 +11.3 186/100
ExxonMobil (N) 45.58 +10.4 232/100
Pfizer (N) 31.22 +9.3 208/100
ChevronTex (N) 94.31 +8.4 243/100
AstraZen (N) 44.46 +7.1 1261/100
TycoInt (N) 30.48 +6.6 378/100
Verizon (N) 38.33 +6.6 267/100
ChiMerc (N) 132.00 +6.3 182/100
Cendant (N) 21.40 +6.3 376/100
Cntrywd Fncl (N) 67.43 +6.2 303/100
AlliantTech (N) 58.21 +6.1 287/100
Citigroup (N) 43.41 +5.9 146/100
GenMotor (N) 41.45 +5.8 264/100
JohnsJohns (N) 54.80 +5.6 197/100
SemiConHldrs (A) 30.54 +5.5 154/100
Merck (N) 43.84 +4.8 249/100
Boeing (N) 48.70 +4.7 280/100
SP400 Spdrs (A) 101.40 +4.7 460/100

ISSUE DECLINERS EXCH LAST PRICE MONEY FLOW RATIO
(in millions)
SPDR (A) 107.05 -44.3 76/100
Microsoft (Nq) 27.18 -16.8 45/100
WalMart (N) 51.49 -14.0 50/100
BiotchHldrs (A) 129.84 -10.3 20/100
CoxComm A (N) 33.04 -8.3 14/100
IvaxCp (A) 23.97 -7.4 9/100
ConEd (N) 40.93 -5.8 24/100
SPDR Materials (A) 25.17 -5.5 1/100
McDonalds (N) 26.30 -5.2 30/100
ChelseaProp (N) 65.40 -4.7 13/100
iShrLeh20+ (A) 86.24 -4.5 18/100
BerkHathwy A (N) 84600.00 -4.2 17/100
JPMorgChas (N) 36.03 -4.2 67/100
MicronTch (N) 12.19 -3.7 36/100
BiogenIdec (Nq) 56.00 -3.7 56/100
CDW (Nq) 59.25 -3.7 22/100
PepsiCo (N) 50.88 -3.6 36/100
BosSci (N) 33.20 -3.5 73/100
DuPont (N) 41.14 -3.3 73/100
SPDR Fncl (A) 27.35 -3.3 16/100

Moneyflow figures are the dollar value of composite
uptick trades minus the dollar value of downtick trades.
The up/down ratio reflects the value of uptick trades
relative to the value of downtick trades.

Source: WSJ Market Data Group

#47 Drano

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Posted 09 August 2004 - 10:43 AM

Short first increment of Plunger's pal, CCL. Probably too early, or too late. :blink:
Of course I'm caustic!

#48 Lock Limit Down

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Posted 09 August 2004 - 10:47 AM

Patience- I said it would be volatile today- the bottom will fall out soon enuff! ;)

Any bear still alive cant be accused of lacking patience! :D

The stakes are high.
Keeping the market at these levels until FOMC decision is a must.
How could "measured increases" be accomplished in the face of an imploding equities market?

As someone said large egos are in jeopardy.
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

#49 flockofsheeples

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Posted 09 August 2004 - 10:51 AM

sell now and avoid the rush.

guess we need a consolidation hr or 2 after the carnage thurs/fri....still, the national grass growing championship is more exciting.
I don't know why they call it hamburger helper...it seems to do just fine on its own-Uncle Eddie, "Family Vacation"

#50 soup

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Posted 09 August 2004 - 10:56 AM

thanks to Kwave and rog for the assist(s) , woke up last Monday on vacation to see apol cross the tape w/ a 71 handle. Closed out my puts and went to the beach.
""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

#51 brian4

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Posted 09 August 2004 - 11:02 AM

Top should now be in and decline should begin! Right freakin now! ;)

#52 purdymouth

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Posted 09 August 2004 - 11:09 AM

Chart: Bush ratings vs. terror alerts

#53 DrStool

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Posted 09 August 2004 - 11:11 AM

Good news. Server load on the new server is running less than 10% of the typical load on the old server. We should have no more problems with the server hanging.

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#54 DrStool

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Posted 09 August 2004 - 11:11 AM

Admittedly today is not much of a test. Let's keep our fingers crossed.

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#55 Lock Limit Down

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Posted 09 August 2004 - 11:12 AM

VXO now down 6.3%
Shopping for long term puts
LOD
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

#56 PeakOil

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Posted 09 August 2004 - 11:14 AM

Chart: Bush ratings vs. terror alerts

LOL! He'd better get re-elected quick! B)

#57 Captain's Log

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Posted 09 August 2004 - 11:32 AM

IVAN approaching it's 50 day MA from below. Watching to see if it breaks out. Very nice run up in past few days and on volume too. IMO, this baby has much more room to grow. Hopefully, it's taint from Calandra scandal has washed itself out.

Brian - Cheers for the heads up on it last week.

#58 Hiding Bear

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Posted 09 August 2004 - 11:33 AM

Temporary Open Market Operations for August 09, 2004
Last updated: August 09, 2004 09:51 AM
Number of operations today: 1

Delivery date: Monday, August 09, 2004
Maturity date: Tuesday, August 10, 2004
Type of operation: O/N RP
Operation close time: 09:45 AM
Total Money Value of Operation (in $bil.) 4.750
http://www.ny.frb.or...m?SHOWMORE=TRUE

The Fed added $0.5B to the repo pool, which is about as much as can be expected from them. If they had added more they would prematurely tip their hand that they are actually in the process of easing the availability of money – not tightening.

At this moment I am back to thinking there is a 90% chance of a 0.25% rate increase tomorrow, with about a 10% chance the market will drop enough by the time of the meeting to change their mind. The Fed is till looking for 4 to 5% GDP growth in the second half. Eventually they will admit they are wrong because of an “oil shock” (tanks MH) or some other excuse. Meanwhile the higher interest rate will most adversely affect those financial firms in the “carry trade” (borrowing cheap and buying something with an expected higher yield) and new mortgages using ARMs.

I’ll sound like a broken record here, but Ben “The Printer” Bernanke explicitly stated that he believes that adding more money to the monetary base reduces the negative side effects of inflation. Surprising the Fed even admits that inflation is a kind of tax on various groups, but it never clearly addresses its own hand in creating that inflation - but that is another matter. The higher inflation, now blamed on energy prices, relates largely directly back to prior easy monetary policy and the attempts of foreign central banks to “peg” the dollar by expanding their respective monetary bases.

The Fed will shortly proceed more aggressively with a policy of quantitative easing of the monetary base (repos and purchase of mostly Treasury bills/bonds) to offset the deleterious effects of interest rate hikes, higher energy prices, and a faltering credit bubble and economy. I expect that this will reduce the value of dollar, but a more sure bet would be to stay long on PMs and energy stocks until it looks like a market crash is coming.

#59 brian4

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Posted 09 August 2004 - 11:37 AM

Window now closed - it was ok but marginal- Piggy crawls on alone for a bit! ;)

#60 The brown one

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Posted 09 August 2004 - 11:38 AM

Chart: Bush ratings vs. terror alerts

LOL! He'd better get re-elected quick! B)

Looks like they had better give out non-terror alerts from now until the election :rolleyes:

Something along the lines of "All likely terror has been cancelled this week due to lack of political influence--yours lovingly(in a biblical sense) J.ASskkkroft"

Peace and love,be happy until you vote--just wait till you see what we have in store for you afterwards B)





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