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B4 The Belll Frieday October 29


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#61

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Posted 29 October 2004 - 10:29 AM

GOOG probing 200

Is it good for you?

#62 machinehead

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Posted 29 October 2004 - 10:29 AM

Dow 10K -- BUSTED.

The Matrix gets a margin call ...  :mellow:

It's about oil. Let's see what's real...if we will ever know.

Crush oil, ramp the DOW...

Is this easy or what?

Oil might have been crushed enough for now.

It's mildly positive this morning ... the 2:30 pm close should be informative.
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#63 BeerMarket

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Posted 29 October 2004 - 10:30 AM

Santelli admitted that a lot of floor traders had this morning's numbers early due to a "glitch"

If his job is to report the buzz on the floor, and he witheld that rumor/buzz from the audience at home, is he really doing his job?

Kingsbury International compiles the numbers for Chi-PMI. They sent an email to clients last night that contained the numbers. They claim it was a test file sent by computer error. Further they said, "we cannot confirm whether the numbers contained in the email were real results or a computer generated test message."

and if I had to guess what the market would do in response, I'd say it would hold up well in the face of a disappointing GDP, then tank after better than expected PMI. :angry:

#64 Bearbones

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Posted 29 October 2004 - 10:30 AM

Big PMI number just doesn't square with other data recently released.

#65

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Posted 29 October 2004 - 10:33 AM

Dow 10K -- BUSTED.

The Matrix gets a margin call ...  :mellow:

It's about oil. Let's see what's real...if we will ever know.

Crush oil, ramp the DOW...

Is this easy or what?

Oil might have been crushed enough for now.

It's mildly positive this morning ... the 2:30 pm close should be informative.

oil negative...here we go

GOOG 200...Oil crushed...got your puke bag handy?

#66 dozer

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Posted 29 October 2004 - 10:35 AM

Big PMI number just doesn't square with other data recently released.

that's the truth. :blink:

#67 machinehead

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Posted 29 October 2004 - 10:35 AM

Crude slammed to yday's lows as Dow pops.

A real-time demo of the 'heavy-handed manipulation' that rog mentioned yday ... :ph34r:
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#68 rog

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Posted 29 October 2004 - 10:37 AM

PMI:

New orders 79.4 (20 year high) last mo 69.7
Production 79.7 (highest level since 8/50) last mo 58.9
Employment 54.1 vs 53.9 last mo

I don't know what to make of these numbers

#69 K Wave Rider

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Posted 29 October 2004 - 10:41 AM

Trannies might be done with the move to 3498 earlier, or they may give it one last gasp to get over the round number...butt, they look about as tired as any setup I've seen..ready to rollover at any moment..

#70 BeerMarket

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Posted 29 October 2004 - 10:43 AM

PMI:

New orders 79.4 (20 year high) last mo 69.7
Production 79.7 (highest level since 8/50) last mo 58.9
Employment 54.1 vs 53.9 last mo

I don't know what to make of these numbers

I'm not that familiar with all the details of this number, but is it possible that Boeing's move to Chi is distorting this number vs historical comparisons, especially given the orders they've been getting for the new plane?

#71 dozer

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Posted 29 October 2004 - 10:44 AM

PMI:

New orders 79.4 (20 year high) last mo 69.7
Production 79.7 (highest level since 8/50) last mo 58.9
Employment 54.1 vs 53.9 last mo

I don't know what to make of these numbers

:blink: :blink:

69 to 79 ???

pure garbage.

unless they're figuring weapons systems in there... :angry:

With TSMC saying this quarter's chip-shipments will be off 20%....

man, that's a LOT of other widgets that ain't gonna ship either... :o

#72 Bearbones

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Posted 29 October 2004 - 10:45 AM

PMI:

New orders 79.4 (20 year high) last mo 69.7
Production 79.7 (highest level since 8/50) last mo 58.9
Employment 54.1 vs 53.9 last mo

I don't know what to make of these numbers

Industrial production, capacity utilization, jobless claims, GDP, all worse. Of course, those are hard numbers while PMI is a touchy/feely survey. Nevertheless, something is dreadfully wrong with the data machines.

Perhaps some front loading of investment to take advantage of expiring tax breaks but that would show up in other numbers as well.

So far, markets don't care.

#73 dozer

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Posted 29 October 2004 - 10:48 AM

PMI:

New orders 79.4 (20 year high) last mo 69.7
Production 79.7 (highest level since 8/50) last mo 58.9
Employment 54.1 vs 53.9 last mo

I don't know what to make of these numbers

I'm not that familiar with all the details of this number, but is it possible that Boeing's move to Chi is distorting this number vs historical comparisons, especially given the orders they've been getting for the new plane?

huh !

hadn't thought of that one...

quite possible....and of COURSE they call no attention to it... :P

#74 machinehead

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Posted 29 October 2004 - 10:48 AM

Trannies might be done with the move to 3498 earlier, or they may give it one last gasp to get over the round number...butt, they look about as tired as any setup I've seen..ready to rollover at any moment..

What vehicle do you use to trade the Trannies, K-wave?
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#75 brian4

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Posted 29 October 2004 - 10:48 AM

Blast Shields up!





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