Jump to content


Photo

bool Party Weekend


This topic has been archived. This means that you cannot reply to this topic.
304 replies to this topic

#1 DrStool

DrStool

    Chief of Stock Proctology

  • Admin
  • PipPipPipPipPipPipPipPipPip
  • 83,390 posts

Posted 24 August 2007 - 04:01 PM

Enjoy it while it lasts. Gonna be a helluva hangover when it ends.

If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!

#2 tdultima

tdultima

    Bachelor of Stock Proctology

  • Members
  • PipPip
  • 504 posts

Posted 24 August 2007 - 04:08 PM

it’s becoming increasingly obvious that intermediate indicators are turning up

things getting interesting

#3 potatohead

potatohead

    Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPip
  • 5,443 posts

Posted 24 August 2007 - 04:20 PM

What is the difference when a bank can now borrow from the discount window and give ABCP as collateral. Knowing that alot of this crap has no known value. What is to stop the FED from just taking this paper at the end of 30 days and letting the bank keep the cash. I have never seen an audited financial statement from the Fed, regarding their full operations so their is nothing to stop the FED from doing this. This is how the game is evolving in my opinion. I very much agree with DOC. Eventually if the public sniffs or snuffs this out it is game over!!!!

I have a feeling the public won't care until toilet paper costs $100 a roll.

games continue

or

When reality sets in
"Don't piss on my back and tell me its raining!"

#4 Charmin

Charmin

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 34,177 posts

Posted 24 August 2007 - 04:24 PM

I think your going to tell me the market stopped briefly only because a few hedge funds had redemptions in Mid August and that it's going to just be a shakeout now and bears got stopped by the bool wire electric fence.

I'm a bit in shock for a shlock.
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster

#5 art_vandila

art_vandila

    Stock Proctology Intern

  • Members
  • Pip
  • 53 posts

Posted 24 August 2007 - 04:26 PM

itís becoming increasingly obvious that intermediate indicators are turning up

things getting interesting

View Post


I have never seen this, it's news to me. I just came back to see where it closed, got tired of watching the Bid Walker Walk. On the Q's
avg volume:
154million
today:
right at 83 million for the day.
50%

Been like that all week. They walk it up and take out the stops, but no short covering, so they walk it up some more.

I don't trust my charts, short term everything is way overbought. Even the daily is just about overbought here.
I was watching some of the put's on the Q's, they didn't give up more that a couple of cents above 48. Volume on them was light to, so nobody is throwing in the towel, but nobody can take out the buyers even with this low of volume.

This just ain't right, I don't know what going on. The thin volume after last week just doesn't make sense, it's like the last 3 weeks never happened. Seems like we got thin summer volume and a santa clause rally in Aug.

I just don't know what to think. I guess they want anyone short but them when they take it down.

#6 Bungster

Bungster

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 13,610 posts

Posted 24 August 2007 - 04:28 PM

Clearly today did not turn out as I had hoped...it's just a flesh wound...

flesh_wound.jpg

Death by a thousand cuts............
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#7 K Wave Rider

K Wave Rider

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 29,599 posts

Posted 24 August 2007 - 04:31 PM

RUT fractal continues to eeerily track 87 SPX fractal.....

IF/When 790 area goes on ER2, LOB

In the mean, time would not be surprised to see that assblast into Labor Day timeframe.

Attached Images

  • spx15.PNG
  • er2.PNG


#8 Jetlag

Jetlag

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 10,776 posts

Posted 24 August 2007 - 04:33 PM

http://www.bloomberg...id=a6x5JB5O3L.Y

"Zimbabwe's annual inflation rate, the world's highest, rose to 7,635 percent in July, as a nine- year recession fuelled shortages of food, gasoline and foreign currency."

http://www.bloomberg...id=a7ZCg00fBR5c

" Mugabe said in February that the state will keep printing money.

``Those who say printing money will cause inflation are suggesting that you just fold your hands and say 'ah, let the situation continue and let the people starve,''' he said. ``I will print money today so that people can survive.'' "

"The Reserve Bank of Zimbabwe currently prints the biggest note of $50,000 Zimbabwe dollar over old $20 notes, which can still be seen under the ink of the new bill."

"Wages have failed to keep pace with inflation. Farm workers earn 1.3 million Zimbabwe dollars a month while the Consumer Council of Zimbabwe estimates that a family of six needs 42 million to get by, the Harare-based Zimbabwe Standard newspaper said on May 21."

Consumer must be saved by printing money, nice concept chump. Hope nobody in the "free world" picks up on that idea.

#9 patents

patents

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,838 posts

Posted 24 August 2007 - 04:34 PM

If I understand this stuff -

The Bradley model has a turning point on Monday, August 26. Even though the chart picture looks like the August 26 date is a low, it really just signifies a turning point.

If that is the case, then it seems that, if the Bradley model is going to work, then Monday has to be a high, rather than a low like everyone was expecting.

#10 briarberry

briarberry

    Stock Proctology Intern

  • Members
  • Pip
  • 301 posts

Posted 24 August 2007 - 04:38 PM

it's no wonder the panic selling & volatility stopped

(as pointed out by crazy_ate earlier)

Fed bends rules to help Citigroup

An Aug. 20 letter from the Fed to Citigroup states that the Fed, which regulates large parts of the U.S. financial system, has agreed to exempt Citigroup from rules that effectively limit the amount of lending that its federally-insured bank can do with its brokerage affiliate. The exemption, which is temporary, means that Citigroup's Citibank entity can substantially increase funding to Citigroup Global Markets, its brokerage subsidiary. Citigroup requested the exemption, according to the letter.



Fortune

#11 K Wave Rider

K Wave Rider

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 29,599 posts

Posted 24 August 2007 - 04:38 PM

Note the timing of the 8/16 low and Labor Day high in another of the great Bank Panics, The Panic of 1907...

Also had panic low in 1857, and a steep selloff in the fall of 1957....something about years that end in 7, 50 years apart?

1937 and 1987 also had vicious crashes...guess we will find out REAL soon now.....

Attached Images

  • 2007_100_yr_cycle_1907_.gif


#12 Bungster

Bungster

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 13,610 posts

Posted 24 August 2007 - 04:40 PM

If I understand this stuff -

The Bradley model has a turning point on Monday, August 26.  Even though the chart picture looks like the August 26 date is a low, it really just signifies a turning point.

If that is the case, then it seems that, if the Bradley model is going to work, then Monday has to be a high, rather than a low like everyone was expecting.

View Post


Maybe but....here's a picture of Bradley's daytime job..

Clown_m.jpg
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#13 patents

patents

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,838 posts

Posted 24 August 2007 - 04:42 PM

RUT fractal continues to eeerily track 87 SPX fractal.....

IF/When 790 area goes on ER2, LOB

In the mean, time would not be surprised to see that assblast into Labor Day timeframe.

View Post

Can you help me understand the fractal issues? As I understood your post from a couple of days ago, Thursday morning was supposed to be all there was. We are now back up to that point.

Does the fractal pattern shift? Does the fractal pattern somehow morph into something else like in Elliott Waves?

It seems that if something is a true fractal, then fractal must repeat without change. If there is a difference, then it can not be a fractal pattern. Then it becomes just trying to match a randomly identified pattern grouping without any assurance of repetition.

Thnx.

#14 LeeWhee

LeeWhee

    Clinical Professor of Stock Proctology

  • Moderators
  • PipPipPipPipPipPipPipPip
  • 9,145 posts

Posted 24 August 2007 - 04:51 PM

http://www.bloomberg...id=a6x5JB5O3L.Y

"Zimbabwe's annual inflation rate, the world's highest, rose to 7,635 percent in July, as a nine- year recession fuelled shortages of food, gasoline and foreign currency."

http://www.bloomberg...id=a7ZCg00fBR5c

" Mugabe said in February that the state will keep printing money.

``Those who say printing money will cause inflation are suggesting that you just fold your hands and say 'ah, let the situation continue and let the people starve,''' he said. ``I will print money today so that people can survive.'' "

"The Reserve Bank of Zimbabwe currently prints the biggest note of $50,000 Zimbabwe dollar over old $20 notes, which can still be seen under the ink of the new bill."

"Wages have failed to keep pace with inflation. Farm workers earn 1.3 million Zimbabwe dollars a month while the Consumer Council of Zimbabwe estimates that a family of six needs 42 million to get by, the Harare-based Zimbabwe Standard newspaper said on May 21."

Consumer must be saved by printing money, nice concept chump. Hope nobody in the "free world" picks up on that idea.

View Post


"I will print money today so that people can survive."

If he prints money using soybeans or wheat, he might be onto something there.
"I'm not a real estate bum. I wear diamonds and Rolexes. I'm a classy Realtorô."--- Liz "Flaming Orange" Seither, Clearwater, FL, who owes lenders millions of dollars in debts.

"Men do not desire to be rich, but to be richer than other men."---John Stuart Mill (1806-1873)

"When the music stops, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing..."---Citigroup CEO Chucky "Master of Timing" Prince, 7/9/07

"Wall Street is a graveyard of geniuses."---Chriss Street, Treasurer, Orange County, CA, 7/27/07

"It was never my thinking that made big money for me. It was my sitting. Men who can be both right and sit tight are uncommon. I found it one of the hardest things to learn."---Jesse Livermore

"You can kill a sheep just once, but you can fleece him 100 times."---Jeff Macke

"Stocks are no longer the weather glass of fortune, but a part of the mask employed to disguise the nation's own face to itself." ---Horace Walpole, 1782

#15 Jimi

Jimi

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 11,187 posts

Posted 24 August 2007 - 04:57 PM

it's no wonder the panic selling & volatility stopped

(as pointed out by crazy_ate earlier)

Fed bends rules to help Citigroup

An Aug. 20 letter from the Fed to Citigroup states that the Fed, which regulates large parts of the U.S. financial system, has agreed to exempt Citigroup from rules that effectively limit the amount of lending that its federally-insured bank can do with its brokerage affiliate. The exemption, which is temporary, means that Citigroup's Citibank entity can substantially increase funding to Citigroup Global Markets, its brokerage subsidiary. Citigroup requested the exemption, according to the letter.


Fortune

View Post


This does a total injustice to the concept of "rules."
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian





Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!
Get Mugged!


Dr. Stool's
Book Search

Enter title, author, or keyword
Just books
All Products





Old Stool Depository

Live Steaming Pile Chart