Something Basic And Worthy Of Repetiton

[PileDriver]

Wow.  All those shorts I took back in early November are back to even.

 

Now this is getting interesting.

its a sure sign that this PIG is MAJOR TOAST. The fever is breaking rapidly. The outcome is always ugly in such circumstances. We hit the high water mark last Monday. Won't see that for a very long time, if ever.

[Charmin]

Shrub show - dollar cycle bounce now? - massive Feed

 

8/13 day cycle lows - who knows

[richmtn]

We've seen this istuation many times recently. The market looks like it's going to crack. The cycles are on a knife edge. An then wham they jam it. This is another moment of truth.

WAG they do it again. Can't let it go down too fast before holiday shopping complete and while new eco team being announced.

[Guest]

call me an idiot....but I donged the QQQ here at 26.01. ? Going with the one minute chart positive divengence.

Okay --- naw

Hey, a 45 minute delay dont count. If you gonna do it, do it promptly.

I know, I know -- but I was catching up with the postings.

[sniff]

Now the Washington Post is reporting that CSX Corp. CEO John Snow is going to be our next Treasury secretary. Okay, it's too early to be sure. But if President Bush wanted to send a message that economic growth were going to be a priority, he shouldn't have gone with yet another Cheney-picked Old Economy big business type with ties to the Ford administration. Snow's been a staunch advocate of deregulation -- and that's to his credit. But he's a PhD in economics, which is practically a guarantee that he wouldn't recognize a pro-growth policy idea if it bit him on the nose. His most salient feature? He's a major lobby lizard -- a former chairman of the Business Roundtable, and according to the WaPo, "a successful schmoozer of lawmakers." Now if only he had something to schmooze them about.

 

from Donald Luskin free site

 

ok back to trading......

[Fartpolio Manager]

Interesting now that we've had a week of the down market how solidly bearish some of the stoolies are, after shaking in their booties the week before... I was wildly bearish a week ago at 9000 on the open, much more cautious here...

[Drano]

Anyone notice that FNM is UP .14? Someone must think that Snow is good for a snow job in the refi area. #@%#. I don't think of that "F" as standing for anything with more than 4 letters in it -- POS.

[richmtn]

If you are day trading watch out.

 

[PileDriver]

Fart, it's called confirmation of pending signals. :wink2:

 

Personally I find no need to rush it and never try to be a hero with my money.

[sweefraapp]

Slight bork on ISIS today.

[Guest AssMaster]

long energy NWN @ 26.04 gap above at 28

 

initiated hedge long half positions in

VTSS @ 2.4

LVLT @ 5.01

AMAT @ 14 (50% retracement level, sell stop at 13.7)

[fxfox]

pdoody,

thanks for the link.

 

all,

we have a (little) reversal in dollar, we have a massive feed and we a "no economic data" day. For me thats the setup for a ramp.

[Charmin]

I believe from Ike's report he expected a bounce to 924- 935 with odds favoring by 62%- if Friday was the low

[rog]

Now the Washington Post is reporting that CSX Corp. CEO John Snow is going to be our next Treasury secretary. Okay, it's too early to be sure. But if President Bush wanted to send a message that economic growth were going to be a priority, he shouldn't have gone with yet another Cheney-picked Old Economy big business type with ties to the Ford administration. Snow's been a staunch advocate of deregulation -- and that's to his credit. But he's a PhD in economics, which is practically a guarantee that he wouldn't recognize a pro-growth policy idea if it bit him on the nose. His most salient feature? He's a major lobby lizard -- a former chairman of the Business Roundtable, and according to the WaPo, "a successful schmoozer of lawmakers." Now if only he had something to schmooze them about.

 

from Donald Luskin free site

 

ok back to trading......

Another way to look at Snow's appointment is to consider that the only way out of this mess is to rebuild a manufacturing base and dial down the rampant paper trading economy that we have now. Which seems to be Bush's new agenda. Good for bears, good for the economy long run. Bad for dollar, leveraged traders and the economy in the short run.

 

I suspect wall street will be very dissapointed that Bush didn't nominate a Rubin like paper man for the post. Wall Street's golden age may be winding down for sometime to come.

[phatbubble]

hey rock, i took ano's work and....uh....stooled it out a bit.

 

 

cheers.