Fun with FNM

[machinehead]

MH

I wonder what ceremony will be designed to commemorate another entity similar to the one being celebrated today, and who also had an agonizing precursory stroll:namely the Via Dolor-osa

<{POST_SNAPBACK}>

In Rome, the Pope's phone rings. It's God on the line.

 

GOD: "Greetings, Your Holiness. I've got good news and bad news. The good news is that I've decided there should be only one religion for all mankind ... so that you can all worship together and stop fighting amongst yourselves in my name."

 

THE POPE: "Oh, thank God!"

 

GOD: "The bad news is ... I'm calling you from Salt Lake City."

[Charmin]

If they let the 46 area on R - Ryder break then the 200dma is at 44 and the real support at 40. I think it's going to the major support at 40 - look at a weekly.... and all the others out there - ooooh

 

go for it bears...

[The brown one]

Excellent Dame Edna(Pigeon Drop)

[Charmin]

Fighting? .... seems to be a lot of that throughout the world

Try DHB and AH on for size

 

you need plenty of protection if your on the front lines.... I really feel bad for the military guys in Iraq who have the task of rebuilding Babylon II.

[GTNWORSE]

Fighting? .... seems to be a lot of that throughout the world

Try DHB and AH on for size

 

you need plenty of protection if your on the front lines.... I really feel bad for the military guys in Iraq who have the task of rebuilding Babylon II.

<{POST_SNAPBACK}>

 

 

I'm sure that the task will be far easier after recieving a visit from the supreme bloodletter of this admisistration. Making the rounds with pockets full of purple hearts, and that wonderful combination of arrogance and half assed sympathy rivaled only by the monarch himself, he truly is a sight to behold.

My god, can this really be the Sercretary of Defense for the greatest country in the world. Please wake me, I must be dreaming.

[Guest]

I think this debting and consuming religion we have here is a function of 2 historic factors.  It is wrapped up in the insatiable socio-political doctrine of Manifest Destiny which is essentially a massive national cultist endorsement of instant gratification embedded in our historical psyche.

 

It can also be traced back to the most active orignial members of the colonists, the debtors. They would have lived out their lives in dungeons back in England, instead they bred and spawned the first generation of rapacious beings on the continent.

 

Afterall the real reason this country fought the American Revolution was because the landed gentry did not what to pay what it owed the English crown in taxes due as a result of the French-Indian Wars. Without a major English investment during that period we could all easily be speaking French now. Ben Franklin and other greats had secret rooms in their homes where they hoarded the booty they made off the Rum trade of the time and they were insistent on never paying any tax on it.

 

Happy Holidays to all,buddha

<{POST_SNAPBACK}>

 

The debtor-prisoner colonists had good reason to be debt/consumption friendly, relative to the standards of their day, as it was real relief from State oppression, above and beyond simply being released from dungeons. Far from England, and without modern forms of fast transportation, the English State could not really "govern" the colonists in an oppressive fashion. The colonists established a scrip currency system, which worked quite well and is the best form of money human beings have ever thought up, when it is applied society-wide. A good synopsis of this history is at this link.

 

Billions for Banksters (the link doesn't always work; sometimes it does)

 

The colonists did this in light of their experience of a "metalic standard" money, that at the time was so debased that I put the word metalic in quotes. The thing is, as Hypertiger explained so well, metal-based money always does get debased, because such a form of money is always statist (controlled by those on top). This is because, in my opinion, if the metal itself is used as "money," it's really barter. What money really does is split a barter transaction, or trade, in half; one trader receives real material benefit immediately and the other receives it later. The trader who won't receive material gain later gets the benefit of receiving any benefit from any party he/she wishes, even something the original trader, to whom something of material value was given, does not possess.

 

Metal-backed money always gets debased because, of necessity, a small group within the society issues paper against the (necessarily limited supply of) metal. Of course, the issuers' motivation is always profit by usury, so they attach interest. This creates the inevitable cascade of inflation-until-collapse, which can only be postponed by switching from metal-backing to fiat, which has occurred in history many times before our own current situation.

 

A good treatise on the true nature of money is here:

 

Private Enterprise Money

 

The problem is The State. Our society started out with a healthy Middle-Path attitude toward credit/debt. Over time, as successive generations of statists achieved growing The State into the oppressive monstrosity it is (starting from right at the time of founding), the obligatory metal-to-fiat system put on top of a society already not irrationally opposed to all debt/credit has led to the present irrational worship and practice of excessive debt/credit.

 

The French-Indian Wars? Who cares. The English State prosecuted this for its own narrow interests, just as smashing the colonial scrip money system was in its interests. The two were really two related aspects of the English State's campaign. I don't blame the colonists, even those colonists "on top," for not wanting to pay for this war. Even if the colonists recieved ancillary benefit from the war, they knew whose interests it was really prosecuted for.

[dozer]

excellent post N. Ron....tanks

[Charmin]

I posted a chart over on Goldenstool - not long ago of TOPT shipper. For the Canslim traders it lacks a sufficient base. For the bears - it broke trend and confluence. 15.79 is the first downside objective...Go bears.....

 

it's beginninng

[Charmin]

IBD100 Changes for 12/23/2004

First Timers: ADM ANGO CMC

Added this week: ADM ANGO CMC ELBO FPIC LEND RECN SMMX TCBI

Dropped this week: AAPL AMED AMHC COH IMGC KBH RYL UNH VLCCF

Stocks Moving Up with a Bullet: AH AMMD ASFI BEBE BYD CMN DECK HDB KCI LFL MTH PENN PRAA SBUX TOL TONS UFCS VMSI

 

APPLE - AAPL dropped - Ipod's must not be enough - right at resistance

[dozer]

IBD100 Changes for 12/23/2004

First Timers: ADM ANGO CMC

Added this week: ADM ANGO CMC ELBO FPIC LEND RECN SMMX TCBI

Dropped this week: AAPL AMED AMHC COH IMGC KBH RYL UNH VLCCF

Stocks Moving Up with a Bullet: AH AMMD ASFI BEBE BYD CMN DECK HDB KCI LFL MTH PENN PRAA SBUX TOL TONS UFCS VMSI

 

APPLE - AAPL dropped - Ipod's must not be enough - right at resistance

<{POST_SNAPBACK}>

 

 

Tanks for the list Charmin.

 

I found it interesting that the web-retailers seem to be missing.

 

No Scamazon, no Overhock.....hmmm....

 

I've been studying the Scamma chart tonight....both a 10min/8day and a 60min/45day....it looks as if it might've breached the short-term LTL yesterday....after bumping along support for a bit. And the 2-week cycle bottom is actually down another buck from here....around 37.

 

Volume's been steadily dropping as well.

 

Of course....this is the kind of place da boyz love to jamma the scamma...

 

Your insights appreciated, as always.

http://stockcharts.com/def/servlet/SC.web?c=AMZN,uu[w,a]eacayyay[pd20,2]

[vc60][iUk14!Lah12,26,9!Lc20]&pref=G

 

Anyway, I was a little surprised at the e-retailers absence, even from the 'moving up' list.

[Charmin]

I think DECK is a retailer of shoes - do they have a web presence. I don't think I'd buy shoes on the web.

 

Nikkei climbs 1.4 %, drug and broker shares lead

http://finance.yahoo.com/q/bc?s=^N225&t=5d

 

Check December's IBD 100 and see if you can spot a trend...

 

IBD100 Changes for 12/3/2004

First Timers: ASFI MTSC TPX

Added this week: AH ANSS ASFI BEBE CACC IIVI MGG MTH MTSC NTAP OZRK PRAA RECN TPX WIBC

Dropped this week: AEOS AVD BHP BR GMR GRMN OMM OSG PETD TNP UNH UPL UTIW VIP XTO

Stocks Moving Up with a Bullet: ADSK ATLS BMHC BRY BSTE BXG BYD CAI CMN CREE DECK EBAY ELBO FBP HANS HAR HRS IMGC INFY LFL MCRS MPX MRVL NSC PARL PENN QSII RSTI SBUX SFCC SHFL SIE SRX SYMC UIC VMSI VNBC WBSN WCG WIT

 

IBD100 - Changes for 12/10/2004

First Timers: BZH HUM KCI TXRH

Added this week: AEOS AMHC AMMD BZH CMTL CNC DVA GMR GRMN HUM KBH KCI RMBS TOL TXRH UNH

Dropped this week: BNN CDIS COBZ DDN ELBO HRT OZRK PKZ PRAA QSII RECN RSTI SMMX STLD UNT YZC

Stocks Moving Up with a Bullet: AH ARLP ASFI ATLS BSTE CAI CRDN IIVI LSTR MTH NVR PSYS PVR SRX VLLY WBSN

 

IBD100 - Changes for 12/17/2004

First Timers: none this week

Added this week: AAPL ATVI COH JBHT LEV PRAA RSTI RYL UFCS UPL

Dropped this week: ANSS CHTT DVA HRS RMBS SHFL SYMC TPX TS TXRH

Stocks Moving Up with a Bullet: BG BSTE CMN CMTL GRMN HUM HYDL KBH MGG MRVL MSA MTSC NAT SRX WIBC

 

and use the latest from 12/23

[Charmin]

That Amazon chart looks like it has a problem with $40

 

if it ain't on the MoMo list or IBD 100 why bother?

[Charmin]

There are those who figure the NDX market is loosing it's Momo and "should" retrace back to the 1550 area, but the target could still be in the area of 1710

 

I'm looking at a weekly QQQQ chart and it would appear to me it's going to retrace. Specifically, it had an inside week ending 12/10 and it didn't break to the upside. The SPX did however break to the upside of it's inside week and lo and behold the Dow is breaking new highs now. That means for the Dow a monthly close above the 10750 high might lead to a retest of the highs back in 2000 and targets 11755. Whoa....

[dozer]

That Amazon chart looks like it has a problem with $40

 

if it ain't on the MoMo list or IBD 100 why bother?

<{POST_SNAPBACK}>

 

I've got putz since the 20th...since 40. Violated my own rule about never holding anything overnight

 

Trying to predict whether it's going to fall thru 39 and hit 38 again; or bounce here.

 

Need to decide whether to bail or hold on for further gain.

.

.

IBD trends?? hmmm....

 

Well, it looks like the rotation has gotten -fast-....RMBS and OZRK went on and off within a week.

 

And the homebubblers are coming off as fast as they went on.

 

And there are fewer and fewer new additons and first-timers.

 

Looks like a top....or time for a jamma from 990N...

[dozer]

What percentage of the nasty is made from semis ??

 

Because they've been pretty flat recently...possibly that alone accounts for the nasty failing to follow the dow/sp. Perhaps the blow up in pharma is part of it too....if many of the smaller pharma's have followed the biggies down recently. I don't know....I don't follow pharma in any particular way.

 

In fact, semis are one of the sole examples of 'normalcy' in the markets that I can think of in the past few weeks. The market is actually looking at the fundamentals!

.

 

 

edit; this guy, from last thursday's wrapup, has a nasty chart which agrees with your outlook Charmin....thinks it's topping...and also posits that the homebubblers just finished their final, radical, blowoff upthrust...comparing them to the INTC and CSCO patterns of the prior bubble. Some interesting charts, even tho I went there looking for -this- Thursday's wrapup...

 

http://www.financialsense.com/Market/daily/thursday.htm