B4 The Bell Moonday August 30
211 replies to this topic
Posted 30 August 2004 - 08:41 PM
My count is more bearish but I've been too bearish for months so I won't argue with his count.
Speaking of bearish, today's price action is just that. Now granted, it came on very light volume and we are still in Mercury retro for two more days so I expect some confusing signals on Tuesday and Wednesday, but declines of late have begun and ended with gaps in the Nasty...
Posted 30 August 2004 - 08:45 PM
I am going to play devil's advocate here. Stained, Is that decline in that Nazzie chart IYO, wave one of 3? The damn thing look corrective. (abc)
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.
Posted 30 August 2004 - 08:47 PM
Also, Jokes and Spoos got slapped down by the 200-day MA and closed below the 50-day which prompted me to move 100% short again.
Nasty and Rusty couldn't get through the 50-day and Sux can't get out of its own way bouncing off the 20-day.
Posted 30 August 2004 - 08:49 PM
Stain you could both be right tomorrow Venus conjoins Saturn tomorrow around noon EST- that many times has signaled truncation-plus the Astro's for tomorrow are downright UGLY...stay tuned!
Posted 30 August 2004 - 09:14 PM
Oopsy- the Nikkei just fell down the elevator shaft with no parachute, the chart speaks for itself!
Posted 30 August 2004 - 09:29 PM
This ain't no stinkin' "soft Patch" ...
Aug 30, 2004
Global: Hardly a Global Soft Patch
Stephen Roach (New York)
Many of the major economies of the world have suddenly slowed. First came the US and China, but then Japan, Korea, and Germany have followed in short order. In my view, this is not a coincidence but yet another important example of the interrelated perils of an unbalanced US-centric global economy. When the US and China flinch, the rest of the world -- lacking in autonomous domestic demand -- is quick to follow. Barring a spontaneous reacceleration in the world’s two major growth engines, risks are mounting that 2005 could be a surprisingly tough year.
Posted 30 August 2004 - 09:37 PM
You know I have seen a lot of Ass Holes in my time but at the mo Larry Kink is interviewing Andy lard I mean Card who has to be the most sanctimonius Sum-Bitch I have ever seen...to think a Guy like this is 2 steps from the Prezy-Dent says it all-this guy couldn't sell Vacuums door to door maybe can openers but they would have to be simple!
Posted 30 August 2004 - 09:54 PM
Why is that the dumbest SOBs are alway the surest?
Posted 30 August 2004 - 09:57 PM
Japanese Industrial Production Was Unchanged in July (Update3)
Aug. 31 (Bloomberg) -- Japanese industrial production unexpectedly failed to grow in July as manufacturers cut output of semiconductors and cars.
The median forecast of 35 economists surveyed by Bloomberg News was for production to rise 1 percent in July after falling 1.3 percent in June. From a year earlier, production rose 5.9 percent, the Ministry of Economy, Trade and Industry said in Tokyo.
Manufacturers including Tokyo Electron Ltd. say demand is weakening in parts of the electronics industry as stockpiles rise. Production is slowing as companies reduce inventories and sales of digital consumer products cool after the Summer Olympics, said Kiichi Murashima, an economist at Nikko Citigroup Ltd.
``Things aren't looking very good for the high-tech sector,'' Murashima said before the release. ``With inventories piling up for electronics parts and devices and the Olympics effect wearing off, the high-tech sector won't be able to lead production as much as it has been.''
Posted 30 August 2004 - 10:00 PM
Nikkei tried to rally and fell off the cliff again now appraoaching down 150 and gathering steam!
Posted 30 August 2004 - 10:15 PM
OBL & co have been buying fuel cells to heat their caves.
"Calista Flockhart's top is not near as significant as Maria's bottom."
--"Zapata" George Blake 8/5/2003
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