coboy Posted August 7, 2003 Report Share Posted August 7, 2003 From minyanville.com At the end of last week, a large broker/dealer who shall remain nameless (rhymes with "hold those slacks!") shorted 15,000 spooz. Thus far today, they've bought back 5,000 of them (and still counting). There are three ways to view this flow. One, the outstanding demand is gonna create a bid under the market and quell the near-term downside. Two, there's ample supply in the street (no moon shot despite this demand). Three, once this ticket gets cleaned up, the potential for further slippage exists. Link to comment Share on other sites More sharing options...
wndysrf Posted August 7, 2003 Report Share Posted August 7, 2003 Jerry M: That's probably a pretty safe trade. BRKS has been going down on lighter and ligher volume. We'll probably have 3 more up days before moving down again..... Bears were just too weak to push the market down today. Maybe next week, closer to Carver's 19th target for a final top. Link to comment Share on other sites More sharing options...
Guest Posted August 7, 2003 Report Share Posted August 7, 2003 Jerry M: That's probably a pretty safe trade. BRKS has been going down on lighter and ligher volume. We'll probably have 3 more up days before moving down again..... Bears were just too weak to push the market down today. Maybe next week, closer to Carver's 19th target for a final top. I'll be ready, Mark, I'll be ready... Need to make some $ for the lost paper profit on some screamers... :grin: Got smoked on PCNTF... but still glad got out at 8ish. Link to comment Share on other sites More sharing options...
flufflander Posted August 7, 2003 Report Share Posted August 7, 2003 How about a drop about now?? Link to comment Share on other sites More sharing options...
EasyAl Posted August 7, 2003 Report Share Posted August 7, 2003 Consumers spend = good for the economy (short term)Consumers save = good for the economy (long term) Everything is good for the economy. That's what Wall Street spinning machinary has been saying. When WTC got blow up, I remembered that some guys said it was bullish because the rebuilding WTC would help the GDP number. If that were case, Binney boys would have been the best friends that the US could have. Link to comment Share on other sites More sharing options...
PileDriver Posted August 7, 2003 Report Share Posted August 7, 2003 the dangers of watching the tape too closely ?:wink2: Can you see the forest for the trees? Piles: Thanks for the reminders. :wink2: I'm guilty too. Once in I just set my pager at my stop loss points and try not to look because the daily noise bullshit will drive you crazy. My break even now is around NDX 1260 so I'm doing what fxfox said to do. Fugettaboutit Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted August 7, 2003 Report Share Posted August 7, 2003 equity p/c too high all day for any weakness(80-90) Link to comment Share on other sites More sharing options...
Bearman Posted August 7, 2003 Report Share Posted August 7, 2003 975 spx rejected again 600's waiting Link to comment Share on other sites More sharing options...
Bird D Durr Posted August 7, 2003 Report Share Posted August 7, 2003 Seems like the calm before the storm.......................... Link to comment Share on other sites More sharing options...
PileDriver Posted August 7, 2003 Report Share Posted August 7, 2003 Seems like the calm before the storm.......................... it does. Looks like a massive top forming to me. Looks like the last 21 days are in a downtrend http://www.decisionpoint.com/affiliate/NHNL.html Hey, wasn't the Bradley "significant high" due 21 days ago Bwhahahahhaha Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted August 7, 2003 Report Share Posted August 7, 2003 there is 975. will they gap it up above tomorrow and it run it to 985?? Link to comment Share on other sites More sharing options...
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