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Sox, ready to rumble - again?!
PileDriver
post Jan 20 2003, 12:24 PM
Post #1


Professor of Stock Proctology
*******

Group: Banned
Posts: 6448
Joined: 25-August 02
From: US NY Metro
Member No.: 751



Hard to believe after getting spanked so hard that the SOX is very likely to get brutalized yet again on this next leg down

see fourth chart here:

http://www.gannelliottwaver.com/modules.ph...=article&sid=42

My stock trading software has suddenly issued a huge rash of sell signals on the semis so I tend to believe in this count.


--------------------
Fade the faders, never the market. Be the market.
The market is ALWAYS right. Who cares why.
Dong the best, short the worst and forget all the mediocre crap in between. Be very, very, patient. Most trends last longer than you expect, major CITs are infrequent.

Position stock trader

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FeedFool
post Jan 20 2003, 12:44 PM
Post #2


Clinical Professor of Stock Proctology
********

Group: Members
Posts: 9475
Joined: 1-February 02
From: Muppets
Member No.: 331



Here is The sox Chart grin.gif grin.gif grin.gif
Attached thumbnail(s)
Attached Image

 


--------------------
Cash is trash

Senator Paul Sarbanes: “I know, but if we ever hit it, it almost would be like falling off the cliff, would it not?
Alan Greenspan: “No. I would think not, largely because the stock of dollar assets is so huge and the ability to move them around is fairly limited, that I think adjustments don’t occur off the cliff… The question is, what do the holders do with those assets? They’re so heavily involved in dollar-denominated claims that while obviously they can move out of them, and would, there are limits to how fast these things tend to move.”

-----------------------------------------------------
Adjustment are being made and its done by Asian printing machines...IMHO


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PileDriver
post Jan 20 2003, 12:49 PM
Post #3


Professor of Stock Proctology
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Posts: 6448
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From: US NY Metro
Member No.: 751



pretty safe option play

SMHQY
SMHQE

on a retrace rally this week.


--------------------
Fade the faders, never the market. Be the market.
The market is ALWAYS right. Who cares why.
Dong the best, short the worst and forget all the mediocre crap in between. Be very, very, patient. Most trends last longer than you expect, major CITs are infrequent.

Position stock trader

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fxfox
post Jan 20 2003, 01:01 PM
Post #4


Clinical Professor of Stock Proctology
********

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Joined: 4-May 02
From: Germany
Member No.: 510



Pile,

i wouldnt bet that much on a retrace rally. We may only go in S&P from 894 to 911 or so, can happen intraday. We better should fully concentrate on downmove. rolleyes.gif


--------------------
'patriot' is formed with 'patria' and 'idiot'

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GregFokker
post Jan 20 2003, 01:08 PM
Post #5


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Bullish descending wedge in its infancy?


--------------------
...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

Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny

Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty

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torah man
post Jan 20 2003, 01:14 PM
Post #6


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From: New Jersey
Member No.: 818



QUOTE (PileDriver @ Jan 20 2003, 11:49 AM)
pretty safe option play

SMHQY
SMHQE

on a retrace rally this week.

these are both puts, so you meant at the top to get in right?

usually when giving options, instead of using the real order which is great but then you have to find it.

i use the name month strike price (put/call)

these are smh may 25 put and smh may 27.5 put

much easier to find and order.


--------------------
do it for fun or do it for money, but it ain't your life.






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fxfox
post Jan 20 2003, 01:16 PM
Post #7


Clinical Professor of Stock Proctology
********

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Joined: 4-May 02
From: Germany
Member No.: 510



fokker,

seems so, but first we go down 50% cool.gif laugh.gif


--------------------
'patriot' is formed with 'patria' and 'idiot'

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Metamucil
post Jan 20 2003, 02:39 PM
Post #8


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Member No.: 361



This should be a nice short play....retest of lows is the next move. Hurst charts show the 12 month cycle in an up phase, probably mitigating a brutal decline.....this time around...



--------------------
"I know the human being and fish can coexist peacefully"____George W. Bush, 7/29/2000

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Metamucil
post Jan 20 2003, 02:45 PM
Post #9


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Member No.: 361



It's good to see the BTK also waiting to collapse....in tandem with SOX; they usually act in a rotational dance; this will just be a dance right down the sewer.....where they belong.



--------------------
"I know the human being and fish can coexist peacefully"____George W. Bush, 7/29/2000

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FeedFool
post Jan 20 2003, 02:58 PM
Post #10


Clinical Professor of Stock Proctology
********

Group: Members
Posts: 9475
Joined: 1-February 02
From: Muppets
Member No.: 331



Metamucil

BTk is playing out just like last year. Next month it should head down. If i get time i will post some chart.


Have u got any stocks in mind with low cash?


Thanks.


--------------------
Cash is trash

Senator Paul Sarbanes: “I know, but if we ever hit it, it almost would be like falling off the cliff, would it not?
Alan Greenspan: “No. I would think not, largely because the stock of dollar assets is so huge and the ability to move them around is fairly limited, that I think adjustments don’t occur off the cliff… The question is, what do the holders do with those assets? They’re so heavily involved in dollar-denominated claims that while obviously they can move out of them, and would, there are limits to how fast these things tend to move.”

-----------------------------------------------------
Adjustment are being made and its done by Asian printing machines...IMHO


Say thanks to your favorite stoolie and support the Stool!

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