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#16 GregFokker

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Posted 04 December 2002 - 09:38 AM

Looks like Dan DeNials managed to bork INTC at the precise, exact top.

...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


#17 Contrarian

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Posted 04 December 2002 - 09:41 AM

hope Raptor is right - i've been sitting in my shorts getting a wedgie over the past two weeks :(

www.raptorgroupresearch.com/spcomment.html

#18 richmtn

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Posted 04 December 2002 - 09:43 AM

Well Duh. :blink: If workers get laid off and production remains at the same low levels then productivity goes up.

It's a good thing Joe 6 pack never got a real education otherwise he might understand the true nature of things. I'll bet they get it when they get laid off.

Anecdotal:
Speaking to co-workers they are comforted by the rise in the stock market. Never mind that the average Joe couldn't profit off this rally unless they were already inveested. Of course if they were invested all they would have done is cut their losses to some extent.
Bottom line I remind stoolies that we are in information overload. The average American doesn't see below the surface of the 15 second Nightly News Dow report.

#19 Charmin

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Posted 04 December 2002 - 09:46 AM

futures into the exhaustion gap, but close below 1071.31

Posted Image
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#20 simple guy

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Posted 04 December 2002 - 09:46 AM

In addition to pontificating, I enjoy EDUCATING

Please dont take offense to those of you expert chartists... I am purely amateur hour... but...

As I posted several times over the past week, the "MOMENTUM" indicator is always a leading indicator of imminent reversals. The chart below clearly shows MOMENTUM crossed down several trading days before the Q's followed... in addition to stochastics double topping and RSI rolling over...

The chart to me shows ALOT more downside to come to correct this recent move...

Well... now I cant post the chart for some reason, frustrating sometimes. Anyhoo... guess you will have to take my word for it, cant provide a link because it doesnt save in format I set it up in...

Suffice to say.... gaps will be filled at 970-1000 st on NDX IMO

Any rallies should be shorted... IMHO....

#21 Wrong Insane

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Posted 04 December 2002 - 09:50 AM

Bontchev,

Chirs Locke is on Crapvision Europe every Wednesday morning at about 0835 GMT. You're in Iceland right, so should be easy to watch.
He was on again this morning with his charts predicting that we will now go striaght down past the October lows on all indices, to coincide with gold breaking out to 350. Lets hope he's right.
However if we break above the August highs he will be wrong by his own admission - but he is convinced that we go down now - big time!

#22 simple guy

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Posted 04 December 2002 - 09:50 AM

And... the SG E Wave numbers for the Q's

A move to 24.20 plus or minus a few points

A counter move to 25.65

A move to 18.98

Counter move to about $21

Final move down to about 17-18 ish....

Countertrend rally after that for a bit.... then a final blast down into March to new QQQ and NAS lows...

Thats my general SG take right now... FWIW

#23 Guest_Guest_*

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Posted 04 December 2002 - 09:53 AM

Joe Sixpack logic 101 = anything "up" is good. Reminds them of skyscrapers and erections.

#24 simple guy

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Posted 04 December 2002 - 09:55 AM

Bernie Shaeffer, the prominent bear is now BULLISH ON TECHS?

Yet another reversal sign kids... when the real bears get bullish... have to realize the top has been made.

Bernie Bearish Dow, SPY, but bullish techs?

#25 Hoodwinked

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Posted 04 December 2002 - 09:56 AM

You are one hell of an amateur SG. We should all have such talent.

#26 Bird D Durr

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Posted 04 December 2002 - 09:56 AM

FrasiaHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

#27 sweefraapp

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Posted 04 December 2002 - 09:57 AM

SG: What's your ballpark time frame on the 24.20 move?

Froolick told us that yesterday would be a green day for stocks - 100% sure.

#28 cyclist

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Posted 04 December 2002 - 10:00 AM

SG

Didn't see your momentum chart you mentioned. Did it post and I missed it?

thanx

#29 Bearman

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Posted 04 December 2002 - 10:00 AM

s-peeeee gap below last weeks low :o 912.10 spxwould
give the buy and hold crowd a lesson :D

#30 Charmin

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Posted 04 December 2002 - 10:00 AM

like this chart -

http://avid.investsy...xXDailyX214.gif
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