DrStool Posted January 23, 2004 Report Share Posted January 23, 2004 Here's what Doc thought of today. Mark should be back later. Your Closing Anals Intraday are now posted. Take a subscribatory, open it and download it RIGHT NOW, along with everything else in your Anals!? 15 Day Intro Subscribatory. Just $2.99! Get In RIGHT NOW! Now it's your turn! Link to comment Share on other sites More sharing options...
wndysrf Posted January 23, 2004 Report Share Posted January 23, 2004 Just got back into the office in time. Three observations: OSX broke over the June highs. T-Bones were crushed on a huge intraday reversal. Gold explodes in the last minute of trading. My take: John Law II's HedgeFund is about to get shanked. Link to comment Share on other sites More sharing options...
wndysrf Posted January 23, 2004 Report Share Posted January 23, 2004 Remember this high priced hooker from 2001??? Another huge volume breakout to new highs.... Link to comment Share on other sites More sharing options...
3Martinis Posted January 23, 2004 Report Share Posted January 23, 2004 Wyndy, looks like you got a bad print on gold. Kitco and Comdirect show 407.60. Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2004 Author Report Share Posted January 23, 2004 Bong Gets Smoked Uncle Buck Gets Wood Uncle Buck and the Long Bong Hit, including short and long term updated charts and price targets, is now loaded. Take a subscribatory and get the latest whiff of Uncle Buck and the Long Bong Hit. 15 Day Intro Subscribatory. Just $2.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
fxfox Posted January 23, 2004 Report Share Posted January 23, 2004 Dow needs to break below the trendline which can be drawn from low nov21 over low jan13. Break should be of course on a closing basis and very clear, not just 5 points or so. Btw, dont bother when "they" stock save the charts. It happens all the time in various markets, is just part of the game. One has alwqays to wait for THE CLOSE, igf he palys daily he has to wait for daily close, if he plays hourly he has to wait for hourly close. Two days ago GBP was at a sell on hourlies, just 5 mins before hour was complete there came a stick save out of the blue, there was no data comming out or something just so, kabooom, and the sell on the hourly just wasnt there anymore. Sometimes the front runners will be rewarded, but in the long term they lose. At least 90% of them. Link to comment Share on other sites More sharing options...
Guest Posted January 23, 2004 Report Share Posted January 23, 2004 HR layoff report ending week of 01/22/04 http://www.hrlive.com/layoffs.php I came up with a total of 27,211 new announced layoffs this past week Link to comment Share on other sites More sharing options...
fxfox Posted January 23, 2004 Report Share Posted January 23, 2004 another note on Dow: make line low sep30 and low nov21, now make parallel line and use oct15 for that. You will see that line is pivotline, if Dow closes BELOW that one, which is at 10493 today, it means it will move back into the channel. Also pay attention to the channel where Dow traded the whole summer 2003, top of that channel is between 10200 and 10300, depends on how one drawes it. Link to comment Share on other sites More sharing options...
Guest Posted January 23, 2004 Report Share Posted January 23, 2004 Some of todays top layoff news Georgia posts big jump in mass layoff jobless claims http://www.accessnorthga.com/news/ap_newfu...ry.asp?ID=29902 Alltel Hits Estimates, Initiates Layoffs of between 400 and 600 http://www.wirelessweek.com/index.asp?layo...nance&industry= Mass layoffs hit Midwest, manufacturing http://www.kansascity.com/mld/kansascity/b...ess/7774573.htm Ford will announce Hazelwood plant layoffs on Monday http://www.stltoday.com/stltoday/business/...fs+on+Monday+++ Huge layoffs expected at Kraft Foods anal cysts also talk of plant closings at diversified food-products maker http://www.sunspot.net/business/investing/...iness-headlines About 300 layoffs announced at SRS http://www.accessnorthga.com/news/ap_newfu...ry.asp?ID=29882 Link to comment Share on other sites More sharing options...
Tchaikofsky Posted January 23, 2004 Report Share Posted January 23, 2004 At Least Five Firms Face SEC, NYSE Action Fri January 23, 2004 04:16 PM ET (Page 1 of 2) By Javier David NEW YORK (Reuters) - At least five of the largest floor-trading firms that operate on the New York Stock Exchange face possible action by federal regulators and the Big Board, sources familiar with the matter said on Friday. Earlier, LaBranche & Co. (LAB.N: Quote, Profile, Research) and Van der Moolen Holding (VDMN.AS: Quote, Profile, Research) (VDM.N: Quote, Profile, Research) -- two of the NYSE's largest floor trading firms -- announced that the Securities and Exchange Commission is considering filing civil charges. In addition, the exchange is bringing disciplinary measures against both. FleetBoston Financial Corp.'s (FBF.N: Quote, Profile, Research) Fleet Specialist unit also confirmed on Friday that it received an SEC notice and faced pending disciplinary action by the NYSE. But sources close to the investigations said that, at a minimum, the five largest floor traders have been notified that potential action could be taken against them by the SEC and the NYSE. ===================================== Say it ain't so, Joe! Link to comment Share on other sites More sharing options...
FeedFool Posted January 23, 2004 Report Share Posted January 23, 2004 I will be closing my longs next week. Link to comment Share on other sites More sharing options...
machinehead Posted January 23, 2004 Report Share Posted January 23, 2004 T-Bones were crushed on a huge intraday reversal. A convoluted explanation was being offered for the T-bone smash. The theory goes that if foreign central banks (especially the ECB) join Al Magoo's "race to the bottom" to devalue their currencies, then the dollar can be taken off artificial life support from Asian central banks. And since Fukui-san's dollar support all gets parked in Treasurys, then a massive prop will be removed from under the Treasury market. In essence, the formula becomes: stronger dollar = weaker T-bones. And that's bizarre. Think about it. Why have dollar-based investors been slurping up Canadian, Australian and NZ Treasurys? Because they expect a currency kicker along with the coupon yield. A strong currency is supposed to be good for T-bone investors. It helps ward off price inflation, too. It just goes to show that prices in the U.S. Treasury market are artificial -- and as usual in a manipulated market, higher than they ought to be. It's becoming all too clear that the poisoned legacy of the mediocre statist Alan John Greenlaw II is not merely a dissipated currency but a wrecked Treasury market. Indict the bastard. Link to comment Share on other sites More sharing options...
Hypertiger Posted January 23, 2004 Report Share Posted January 23, 2004 They better start slashing rates... Link to comment Share on other sites More sharing options...
fxfox Posted January 23, 2004 Report Share Posted January 23, 2004 that jan13 candle in Dow is a bit wingohockingmoyamensingy, but we always try to find channels, cause price trades in channels. Ok, so we make line low dec22 and jan13, now we mkae parallel line with jan8 top, et voila, we have our channel. Wait for a break of the lower line of that channel. The move from nov21 is a classic pattern, called "instant boner", up hard, standing like the eifel tower, then moving higher but only slowly, then all of a sudden, kaboooom, girl cries, boy desperate, aka "Dowitus interruptus". Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2004 Author Report Share Posted January 23, 2004 They'll get a tap on the wrist, like they did with Softee. Oh you bad boy, don't do it again. wink wink. Link to comment Share on other sites More sharing options...
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