Guest soup1 Posted November 27, 2002 Report Posted November 27, 2002 I have to admit I am quite startled by the relentless faith in sir statist greenspew on this board. THe public I can underrstand, but come on gang you guys are smarter than that. DOes not mean you should be short/long /flat or whatever. But nothing has changed in almost 3 years, and greenspew aint the panacea so many are depserately hoping for.
simple guy Posted November 27, 2002 Report Posted November 27, 2002 From Prechter's crew on MONDAY NIGHT Prices cannot move above today's high of 1133 (1487 in the Comp.) if the upward pattern is complete. If the index does take out today's high, then we know that prices are extending toward our higher listed resistance (1505-1536 in the Comp., 1163-1184 in the 100 index). A break down below 1075 in the 100 cash index (1425 in the Comp.) would be the first tangible sign that a high has been recorded.
Charmin Posted November 27, 2002 Report Posted November 27, 2002 All u got to do is wait for the gas tank to empty - the dashboard says they filled up a little - but I slashed the tires 21st Century
Yoshaviah Posted November 27, 2002 Report Posted November 27, 2002 I was hoping they just want to keep this pig up until Europe closes. We'll see.
DrStool Posted November 27, 2002 Report Posted November 27, 2002 PD- Well for one, the Summation Index seems to have 2-3 weeks lag at tops. I'm not disagrteeing with you. I just think this is all part of the topping action. Everybody is just assuming the market is going to break out to new highs. Our biggest bears are covering their shorts. This is EXACTLY waht the stage managers want you to do. They are shorting the stock to you when you cover. They have to be early because after the market turns, it's too late for them. But yes you are right, you can afford to wait.
torah man Posted November 27, 2002 Report Posted November 27, 2002 Someone mentioned on the mark to market virtually board last night about praying for the market to go down. i am definitely praying for the direction of my plays which is puts and gold. but the most important thing to do is give up being in control of your money and trades. take the input from all of the sources, including of course Doc, and then make your moves. it is when we stop being responsible for which way it goes that it goes our way. trade safe and be extremely well. ok, who was it that started to think they were in control of this market. fess up and cover you positions and the then the rest of us will be ok. "stop with those negative vibes, moriority" oddball in kelly's heros
Yoshaviah Posted November 27, 2002 Report Posted November 27, 2002 I guess if Al has to buy his own bonds then this is one way to get 'em cheap.
Bird D Durr Posted November 27, 2002 Report Posted November 27, 2002 Closed the gap from 11/25. Like the bad porn movie....'Slay Shortie'....... The rest of this week is pure amateur hour. No way I'm covering anything at this TOP. Pessimism was becoming readily apparent yesterday.....and I heard Procto 'advising' profit taking. Equity P/C ratio was >0.8 This is actually good...........conditions must remain giddy for that well-advertised Elliott Wave 3 to occur I agree with you Metamucil.............................. I not going to let Printsalot GreenSCAM slay this short............. Even though Mr. Bird appears to be getting plucked and feathered this day before Bird Day....... Oh well................I'll just sit back relax and have a vanilla coke..................
simple guy Posted November 27, 2002 Report Posted November 27, 2002 Some resistance at 28 on the Q's here from June, but one must see the potential for a final surge towards 31. Intel comments are mid-next week... may tell the final tale
anoscope Posted November 27, 2002 Report Posted November 27, 2002 PD- Well for one, the Summation Index seems to have 2-3 weeks lag at tops. I'm not disagrteeing with you. I just think this is all part of the topping action. Everybody is just assuming the market is going to break out to new highs. Our biggest bears are covering their shorts. This is EXACTLY waht the stage managers want you to do. They are shorting the stock to you when you cover. They have to be early because after the market turns, it's too late for them. But yes you are right, you can afford to wait. I thought the market managers can short anytime, unlike us sheeple who are limited to the uptick rule?
Guest Posted November 27, 2002 Report Posted November 27, 2002 9:30 AM CST CBOE P/C Equity 0.68 Index 1.80 Overall 0.91
GregFokker Posted November 27, 2002 Report Posted November 27, 2002 The uptick rule is an exchange rule, and should apply to all participants.
Drano Posted November 27, 2002 Report Posted November 27, 2002 Bird said "Oh well................I'll just sit back relax and have a vanilla coke.................. " I was thinking more in terms of Kool-Aid...... (Jonestown flavor)
DrStool Posted November 27, 2002 Report Posted November 27, 2002 ALternative cmap based on 8 minute bars with 1 day cycle high due at Noon.
HardAssets Posted November 27, 2002 Report Posted November 27, 2002 SG- but those upsides on the nasdaq have not been taken out and he said that "'Only a decline beneath key short-term support of 916 in the S&P and 8636 in the Dow (both the highs of November 18) would indicate that a top has been recorded and the next leg of the bear was underway." the SP broke but the Dow did not. So we get a divergence, which at tops I believe is negative and in favor of the bear case.
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