MrHanky Posted January 10, 2003 Report Share Posted January 10, 2003 the problem with all this chart reading is that one day we will have an event that will destroy the markets and it won't look back.the charts are a great guide,but there is news out there that will be too devistating for the markets to deal with eventually. stocks moving 20-30% in a few days is not what a bull market is made of.eventually investors will pay a much bigger price. Link to comment Share on other sites More sharing options...
longOnUranus Posted January 10, 2003 Report Share Posted January 10, 2003 "... some dwarf from Circus De Soleil could take his locker and he could be thumbing down the road to Barstow in no time" - Budda Priceless. The quality of writing here is phenomenal. I find it ironic that a banner ad here offers 24/7 access to a lawyer for "the cost of a cup of coffee every day"; one can get 24/7 access to Stool for less than the cost of a phone call to that lawyer daily. And why settle with talking to some low-life POS, when you can have the real thing itself! Link to comment Share on other sites More sharing options...
Guest Posted January 10, 2003 Report Share Posted January 10, 2003 Mark, Besides your post and some others, the thing that made me feel a little better about my trade was what you just mentioned, how low the volume got in the afternoon. After one o'clock or so it was like watching paint dry. This has been a pattern for days now. The number of IDS afternoon board pages was half of the morning board's and posters were starting to get into the jockular posting that usually occurs when it's slow. I don't like the way da boyz gamed me in a bit early but, that is all it is a bit early. Link to comment Share on other sites More sharing options...
The End Posted January 10, 2003 Report Share Posted January 10, 2003 No doubt B4 and that is why i did not sell my march positions when we broke 915. :wink2: Link to comment Share on other sites More sharing options...
richmtn Posted January 10, 2003 Report Share Posted January 10, 2003 i wish i got payed a third of what any of those guru's got payed for being wrong. I was up 10.5% last year. :wink2: without shorting no less (clients) http://www.mcs.surrey.ac.uk/Personal/R.Kno...cci/fibnat.html I posted this link on fibonacci numbers in nature on LOB for discussion there. Great work man. That is truly remarkable. I hope they are kissing your feet (feat). Link to comment Share on other sites More sharing options...
Guest Posted January 10, 2003 Report Share Posted January 10, 2003 Sheesh, bummer @#$% I saw the footsie drop out of the sky along with US futures and thought here we goooooo... and it did for a bit. The ole drop & pop.. The DOW tried to hold above 8800 and failed so that is still a strong resistance area. Looks like it's planning another assault though. With OE week coming up gonna be all over the shop but I'm expecting regular doses of bad news from here on. Aussie market in similar predicament, just can't seem to muster the necessary oomph to break through overhead resistance. The big boys turned out yesterday, first showing since before the hols and they appeared to be unloading so I take that as a bearish sign.. Link to comment Share on other sites More sharing options...
The End Posted January 10, 2003 Report Share Posted January 10, 2003 B4, On caveat to the 946, we have to break 931 (larry Tomlinson) by monday close, otherwise. The high is in. Rich, You would be friggin' amazed. Link to comment Share on other sites More sharing options...
brian4 Posted January 11, 2003 Report Share Posted January 11, 2003 End-I agree that one try today at 931 got repelled fast-I think without the SPX games this morning it would have dropped like a stone but they got it together as someone alluded to earlier. An earlier poster spoke about the downgrade on Fleet Boston-well they better get ready for another one. The ottawa Senators in the NHL-are in chapter 11-chief creditors Fleet Boston and the CIBC. Trade Safe! Link to comment Share on other sites More sharing options...
DrStool Posted January 11, 2003 Report Share Posted January 11, 2003 The idea that the Fed is responsible for what has gone on in the market the last few days is just silly. True, the Fed was pumping maniacally in December but it has been aggessively draining funds from the system since January 2. This is about seasonal fund flows. See the Feed chart in tonights Anals, to be posted around 8 PM ET. Link to comment Share on other sites More sharing options...
The End Posted January 11, 2003 Report Share Posted January 11, 2003 No recognition. I got two thank you's over the course of this bear. It wasn't that amazing, I followed Doc, Curry/ Tomlinson and Glenn Neely. Link to comment Share on other sites More sharing options...
Guest AssMaster Posted January 11, 2003 Report Share Posted January 11, 2003 Well, my foray into dong scalping was a certifiable failure. Far easier to just buy and hold the miners. Lesson learned. Link to comment Share on other sites More sharing options...
summoner Posted January 11, 2003 Report Share Posted January 11, 2003 Wow another ass kicking week at work, and to think I made more on two option plays that I spent about 20 minutes on ...only in America... I can only imagine the fat profits the boyz make daily ..it just aint right...Anyhow havent "scared " out of my positions yet..this pos is headed DOWN...internals suck still short 5000 MXIM at 38, 5000 C at 36 and LONG 10 MAR 950 puts ...will be looking to pick up another set of puts early Monday...TRADE SAFE... doubt we see 947, me thinks straight down beginning early Monday...HANG MAN IS COMMING Link to comment Share on other sites More sharing options...
Ned38 Posted January 11, 2003 Report Share Posted January 11, 2003 Crooked Thanks. I find that interesting that you say there is little inventory for sale at a reasonable price. We have vultures circling here on the east coast too. But so far everyone thinks their properties are still valuable and so they don't entertain any lowball offers However I have noticed that unlike last year, properties remain "for sale" for a very long time nowadays Link to comment Share on other sites More sharing options...
brian4 Posted January 11, 2003 Report Share Posted January 11, 2003 Summoner-you and I and probably End are joined at the hip on those 950's. Everybody will like this: The Fuctures closed at a huge discount to cash-go and seeeee! Trade Safe! Link to comment Share on other sites More sharing options...
The End Posted January 11, 2003 Report Share Posted January 11, 2003 B4, IMHO, when futures close below cash multiple days in a row, that is unfortunatly bullish. That is something I watch myself. I am watching for a bvreak of 931 Monday, If we don't get it Those 950's should bring 20k per. :wink2: Link to comment Share on other sites More sharing options...
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