Pulling The Trigger
181 replies to this topic
Posted 03 December 2002 - 01:46 PM
Willie looking in the gun
Pulls the trigger just for fun.
Mother says in tones so pained,
"Willie is so scatter-brained."
From Ruthless Rhymes For Heartless Homes by Harry Graham
Posted 03 December 2002 - 01:55 PM
Has anyone heard from BlackBelt ? Miss reading his work....Just finished the Gann book and would appreciate his input. Gann was an astrologer, of this I have no doubt.
Unlike Arch he didnt admit to it....
Posted 03 December 2002 - 01:56 PM
...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech
Posted 03 December 2002 - 01:57 PM
Comments and and AM cycle map from Last Night's Anals:
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Posted 03 December 2002 - 01:58 PM
Meta, good move.
Per VectorVest "BuySell ratio" now at unusual extreme transient peak of 3.0 means no new highs, party over.
Bear fund at close for me.
Posted 03 December 2002 - 02:02 PM
Doc: Listening to any who criticize when they have not put their own necks at risk by full disclosure of their ideas and forecasts, will drive you nuts. Only listen to my bitching. Ignore all others.
Posted 03 December 2002 - 02:02 PM
I do not expect the Bulls to just roll over and die without a little struggle. They know that this narrow band 1450-1440 is a major support level. Somebody might have some money to throw at it. I expect mostly chop, until a news event can move the price.
Or maybe hte bulls will just head straight for the slaughter house.
I did hear a pretty god saying from someplace, forgot where.
" I would rather walk behind the Bull Dozer than in front of it"
A lot of talk about a ECB rate cut. That could be a fly in the ointment. Does anyone know when they meet? Last time it was on a Thursday, but I haven't checked.
Posted 03 December 2002 - 02:03 PM
HUI not looking very healthy on the weekly, although the cmaps show a bottoming 12 month cycle. Wavers think it's a 4.....then 5 up. Who knows?
'Golden' crosses (50dMA down through 150dMA) are lousy, but it happened before and the trend was shortly regained. Send to Intensive Care for closer observation. Could be a pure headfake.
Metal showing a similar pattern.
Hope it's all headfakes...........and can't imagine it going down very much, especially when Buck breaks down through 104.
CRB still trying to take out previous highs. Very close......
"I know the human being and fish can coexist peacefully"____George W. Bush, 7/29/2000
Posted 03 December 2002 - 02:05 PM
Doc, What is all this conflict being dumped on you the past few days? All this criticism, bad news emails, cancelations, etc.
I don't get it. This is a voluntary site, everyone can chooseto be here only because they wish to be. If someone is getting burned on trading, and blaming you for their problems, then they need to GET OUT of the markets. Their problem is that they do NOT understand the game, and they are inevitably doomed to failure.
So just GET OUT, and stop blaming Doc Stool for your trading failures. Sorry, but it really pisses me off. Whining assholes, failing to take responsibility for their own mistakes.
Personally, your efforts here are greatly appreciated. AS we see your work and efforts, this obviously is mostly a labor of love. The financial reward is no doubt small. I do think there are many here who are very thankful for you developing and maintaining The Stool. And we know that you know that, too.
Posted 03 December 2002 - 02:07 PM
If this is indeed the "weak bounce" I mentioned awhile ago, it should find resistance around COMPX 1462. For the SPX that should be, oh, about 927.
Fart, XAU didn't make it even to the most recent, steepest downsloping resistance line. It either has further to go, or is one very weak sucker...
Posted 03 December 2002 - 02:08 PM
Sniff, I agree a pop is everpresent but from what I see yesterday's high has a snowball's chance in hell of ever begin reached. Any pops from here are shorting gifts from the market gods and will peak well below yesterday's highs.
Posted 03 December 2002 - 02:13 PM
True, but XAU is having a nice day... + 2.02 huh?
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