wndysrf Posted October 12, 2004 Report Share Posted October 12, 2004 Huge volume coming into MDC homes............. Link to comment Share on other sites More sharing options...
Guest Posted October 12, 2004 Report Share Posted October 12, 2004 I think we finally have the grain bottom today. Washout day. Corn blew out stops below 2.00 down to 1.97 but now is back up to 2.02 Wheat blew out stops below 3.00 down to 2.97 but now is back up to 3.07 Beans still down hard but that's mitigated somewhat by yesterday's rally. I expect more sloppiness and shakeouts but basically the bear move is over, the big risk now is to the upside. Link to comment Share on other sites More sharing options...
Guest Posted October 12, 2004 Report Share Posted October 12, 2004 13wk t-bill 1.65%has never traded near 1.75% since the fed "raised rates" last looks like a rounded top lot of money betting 1.65% is worth being "safe" wonder what "they" are worried about? HGX implosion i'll be short hgx when it breaks 344 - not until Link to comment Share on other sites More sharing options...
Drano Posted October 12, 2004 Report Share Posted October 12, 2004 Sorry guys, that URENL symbol got changed to NEWNL with the change of symbol. Somehow NEWNL lacks the appropriateness of URENL. Link to comment Share on other sites More sharing options...
Guest Posted October 12, 2004 Report Share Posted October 12, 2004 mining stocks buying opportunity still holding CDE up almost a buck and sold covered calls so holding closed out WHT with small profit, starting to panic already fearing won't be able to get my position back at a lower price, not comfortable being in cash (dollars!) but hoping for more of a correction here plan to get some BGO and PAL on the dip don't know how long I can restrain myself :shocked Link to comment Share on other sites More sharing options...
Drano Posted October 12, 2004 Report Share Posted October 12, 2004 mining stocks buying opportunity still holding CDE up almost a buck and sold covered calls so holding closed out WHT with small profit, starting to panic already fearing won't be able to get my position back at a lower price, not comfortable being in cash (dollars!) but hoping for more of a correction here plan to get some BGO and PAL on the dip don't know how long I can restrain myself :shocked I sold half my miners the other day when Doc said it was toppy. That way I'm guaranteed to be wrong whichever direction it goes -- either I shouldn't have sold, watching it go up, or I should have sold it all, watching it go down. Now I have the opportunity to be wrong again, by buying too early. Or too late. Link to comment Share on other sites More sharing options...
wndysrf Posted October 12, 2004 Report Share Posted October 12, 2004 I think we finally have the grain bottom today. Washout day. Corn blew out stops below 2.00 down to 1.97 but now is back up to 2.02 Wheat blew out stops below 3.00 down to 2.97 but now is back up to 3.07 Beans still down hard but that's mitigated somewhat by yesterday's rally. I expect more sloppiness and shakeouts but basically the bear move is over, the big risk now is to the upside. Yeah, this group is "as bad as it gets" I went long a bunch of food and agricultural stocks the other day...... Link to comment Share on other sites More sharing options...
wndysrf Posted October 12, 2004 Report Share Posted October 12, 2004 They still can't get WMT down Link to comment Share on other sites More sharing options...
wndysrf Posted October 12, 2004 Report Share Posted October 12, 2004 But MMM is near the tipping point............ Link to comment Share on other sites More sharing options...
Guest Posted October 12, 2004 Report Share Posted October 12, 2004 saw SOXX at 383 mis-read it as 303 soon maybe Link to comment Share on other sites More sharing options...
GregFokker Posted October 12, 2004 Report Share Posted October 12, 2004 From Stooltrading FWIW I use Doc's cycle's in my trading and have found it especially useful for my swing positions that I hold for 1-3 weeks.......it has helped me trade less on emotions and more on the signals.......I'm a bear at heart, but know the market does not go down in a straight line, when Doc indicates a cycle low I have learned the hard way to take heed. It's too bad more stoolies don't take advantage of Stooltrading and the Anals, well worth the price. Many tanks Doc for all your work. biggrin.gif Link to comment Share on other sites More sharing options...
Guest Posted October 12, 2004 Report Share Posted October 12, 2004 palladium stops at 220 blown out, but back above now silver stops at 7.00 blown out, but back above now to me today looks like a big commodity shakeout day with weak hands gone, it's almost time for the moonshot launches to begin cotton shaking out a bottom too Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted October 12, 2004 Report Share Posted October 12, 2004 they going to try to run buy stops over mid morning highs. lets see what they got. if prices fail there, going back down to the lows of the day Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 12, 2004 Report Share Posted October 12, 2004 Lumber went under 310 today..what a disaster..grains all getting torched..seems to me, the only things goin' up are Energy and Metals..and they look a bit tired..just an observation.. Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 12, 2004 Report Share Posted October 12, 2004 they going to try to run buy stops over mid morning highs. lets see what they got. if prices fail there, going back down to the lows of the day I still think the carnage comes after INTC after hours..we'll see.. Link to comment Share on other sites More sharing options...
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