Gramps a grad at age 94

BROCKPORT, N.Y. - A 94-year-old man graduated from college yesterday, 26 years after first enrolling in classes.

John Kelly, an upstate history major, earned his bachelor's degree from the State University of New York at Brockport.

Kelly, a widower, said he never expected to complete his degree.

"I started a long time ago, about the dawn of history," joked Kelly, a retired postal worker.

"I took it one course at a time. I wasn't thinking at all about getting a degree, until the degree came into sight."

From last Sunday's New York Post.

crapvison talkin bout microsofts Mystery seller

Good morning and Good Stool to all.

In recognition of the fucutures breaking one off this morning, I will share with you the morning prayer. The 23rd Psalm from the Book of Stock Proctology. Please bow your heads as we give praise to the Bear.



The Bear is my cowpoke
I shall not want
He maketh me to lie down in bull pastures,
He leadeth me beside the Wall Street stool,
He restoreth my bank account.

He leadeth me in cycles of bearishness for his name's sake,

Yea, though I walk through the valley of shadow of bull,
I will fear no poodit,
for Thou art with me.

Thy trendline and thy square of nine,
they comfort me.
Thou preparest charts and tables before me,
in the presence of mine enemas,
Thou has annointed my head with bearishness,
my coffee cup runneth over.

Surely gloom and doom
shall follow me all the days of my life.
And I shall dwell in the Cave of the Bear forever.



As we say,

Abears

'nuff said!......Seeya all July 29th........SC date.......tomorrow....SC date.........HIGH...

ROFL, DrStool, that was hilarious )

In the meantime, Europe started the 4th wave ID just recently. ID shorts just covered.

Trader chatter just hitting forex desks: John Makin, scholar at AEI (which has close ties to Bush administration) suggests that the dollar decline has a lot more to go.

Good morning Oy!

What is SC date?

Croaked to below 93.

Tanks Jessie, uh, I mean, EB!

Look at 'em trying to jam this thing back up the trendline. What a disgrace.

QUOTE (DrStool @ May 23 2003, 07:05 AM)

Good morning Oy! What is SC date?

Doc...Spiral calendar "Nuclear" date.....interesting it ties with 180 weeks for me into August....

Entered position of RYTPX (200% inverse) of SPX on Tuesday close 919.73 - a tad early but consider 935 an exit point if it decides to go higher but so as long as we stay below that the lucky stars are working. Will add RYVNX (200% inverse nasty100) when she sells off.

ya probably think I'm crazy

Oyster: Am I to assume you believe the market is going down?

Thanks for your charts. Were you on TV last night? IG

92.58 for buck has been a 1:1 ABC down target since January - not surprised the least

Oyster TANKS!

danger below 919.72spx?

how bout that jam tue

Doc

I especially like the bit "he restoreth my bank account"

Hey, Stoolwethers fans! They're updated.

Suctor Watch and Stoolwethers cover your favorite big crap stocks and leading market suctors with cycle projection charts and price targets. Part of your Anals subscription!

Please see notice on copyrights and abuse of service, if you haven't already.

Upside breakouts continue.

Never any resistance in this market, only support.

Avoid the pain.

Best to trade in the direction of Al Green, not against it.

MRVL, RIMM, BRCM, ABRX

Three Asian Exoticas (NTES, SOHU, SINA) making new highs? Again??

MRVL looks the best. A $5 gap, followed by a $5 run, probably good for +$10 points.

QUOTE (Oyster @ May 23 2003, 07:02 AM)

'nuff said!......Seeya all July 29th........SC date.......tomorrow....SC date.........HIGH...

Hi Oy

What's the blue line

When is your newsletter coming out?

....after the huge run in the gold stocks ......base metal stocks like n and pd join in and look o.k. for a trading rally....

A feature on Island is MRVL up $4.95 at $32.50. Doesn't seem to be benefiting any of the other Silicon Valley broadband/storage stocks yet except, maybe, BRCM.

Indicator Oscillator at 3.28 down from 3.33.

Still looking for 5day TRIN and P/C levels to move back down. I think they are too high for a sustained move down.

US Peso at fib target in the 92.8 area. Next stop 90.5 area

10yr note at fib target in the 3.25 - 3.40 area. Next stop as low as 2.70 area

Commentators at RealMoney are making a bunch of noise re: the dollar and bond moves. Chatter always grows louder just as fibonacci targets are reached at the end of 3rd or 5th waves. I would suppose if these levels are busted through, chatter would increase quite a bit and turn into panic of some sort. We'll see.

QUOTE (chibear @ May 23 2003, 07:42 AM)

A feature on Island is MRVL up $4.95 at $32.50. Doesn't seem to be benefiting any of the other Silicon Valley broadband/storage stocks yet except, maybe, BRCM.

MRVL turned away near 62% retrace of Jan '02 - Oct. '02 downmove at 32.8 area.

Next stop is 38 - 39 area which is bearish gartley target.

Take a look at the Uncle Buck chart in the Anals. (just below the Golden Stool charts) If these levels do not hold, the dollar is in full crash mode, and it will ignite worldwide financial panic and a cataclysmic meltdown in all markets. No doubt central banks will make an all-out effort to keep that from happening, but even central banks can't hold back an oceanic tidal surge.

We are on the brink of catastrophe right here, right now.

Anals pre market update.

QUOTE (scottcardiff @ May 23 2003, 07:48 AM)

MRVL turned away near 62% retrace of Jan '02 - Oct. '02 downmove at 32.8 area. Next stop is 38 - 39 area which is bearish gartley target.

Opportunity to say thank you Scottcardiff for all your excellent posts. They help me.

Hey Doc--try to restrain your hysteria (or is it glee?) about Uncle Buck's imminent freefall. Our manufactured goods will not gain much traction in Europe since that continent seems to be going into recession faster than we are, so they may not choose to take advantage of pricing weakness (our markets have ignored that fact). The Chinese are the real winners, having pegged their currency to ours, thus gaining more power for their exports everywhere (our markets have ignored that fact too). Our agricultural exports (including wood products) will seem very attractive to foreigners; and we all know how many foreign nations can take our raw commodity exports, turn them into finished goods, and still sell them cheaper here (even after transportation charges) than we can produce them at home (our markets ignore that too). Those fibo numbers of 92.50 and 90.80 should contain dollar weakness in near term. I think ultimately a collapsing dollar will implode markets when Fed's need to attract capital in this country exceeds its ability to monetize debt so as to keep cap on interest rates. Now that is important and will not be ignored.

Anyone looking to buy Japanese equities may want to look into EWJ.

It is about to jump above 16 month resistance level at 6.7-6.8 area.

QUOTE (Oyster @ May 23 2003, 07:02 AM)

'nuff said!......Seeya all July 29th........SC date.......tomorrow....SC date.........HIGH...

thanks Oyster!

Did you notice the fibs on Doc's 3-8 day cycle charts in the anals. 61.8% retracement level at around SPX 935 - the stopping point.


http://www.21stcenturyalert.com/tcx/images...fing/2003-05-23

From MTM post late last night.

We are at THE PIVOT on many time frames.

Check these out. Let's hope it's down big manana.

Disclosure: KW is very short from 934 area last night. I do not want to see 935 again.


First the 200 MA pivots 60 & 90 min





Now the 72 MAs

I doubt the dollar is going to crash.

Its moved down far enough.

Besides, the equity market doesn't care anyway. Too many stocks gapping up and making new highs. Too many breakouts on the likes of BRCM, MRVL.

Too much liquidity chasing the momentum stocks.

Besides, MSFT is ready to bounce. AskResearch stochastics and money flow are at rock bottom, ready to turn up.

MSFT

The ID 4th wave is nearing an end here in Europe...

what about the rumours surrounding MSFT .....somebody trying to unload 70 million shares....Paul Allen ???

I only concern myself with the what. If the dollar breaks down here, whatever the reason, it will be a cataclysmic event. It will be breaking downtrending major shport, which means an acceleration in the downtrend. the consequences of a dollar carsh would be catastrophic.

Let's see how long they defend 8574....should be interesting

QUOTE (Brisbane Bear @ May 23 2003, 09:31 AM)

what about the rumours surrounding MSFT .....somebody trying to unload 70 million shares....Paul Allen ???

Ballmer has 470M shares and registered to sell an undetermined #.

Who would dream of paying 24$ for something that some prick has 470 million of?

QUOTE (Brisbane Bear @ May 23 2003, 09:31 AM)

what about the rumours surrounding MSFT .....somebody trying to unload 70 million shares....Paul Allen ???

How bout all the MF holdings and record low levels of cash?

The race to the exit not exits will start one day SOON

pleasant start to the day. hold that 61% retrace and bears in good shape. forming right shoulder

Brisbane Bear Posted on May 23 2003, 09:31 AM
--------------------------------------------------------------------------------
what about the rumours surrounding MSFT .....somebody trying to unload 70 million shares....Paul Allen ???

Statement by Microsoft CEO Steve Ballmer
Friday May 23, 9:30 am ET


REDMOND, Wash., May 23 /PRNewswire-FirstCall/ -- Microsoft (Nasdaq: MSFT - News) Chief Executive Officer Steve Ballmer confirmed Friday that he is selling some of his holdings of Microsoft® stock to gain some diversification of his financial assets.

http://biz.yahoo.com/prnews/030523/sff014_1.html

QUOTE (bullseatshitndie @ May 23 2003, 09:36 AM)

pleasant start to the day. hold that 61% retrace and bears in good shape. forming right shoulder

Tanks for the good news

Hold that line!!!

Trim Tabs estimated that all equity funds had outflows of $1.4 billion over the week ended May 21 compared with outflows of $300 million in the prior week. And equity funds that invest primarily in U.S. stocks had outflows of $100 million vs. inflows of $200 million the prior week. Finally, bond funds had inflows of $2.0 billion for the second consecutive week, Trim Tabs said.

Interesting action the first 5 minutes- a lot of the stocks on my screen had trades going off below both the bid and the ask. Last gasp distribution?

I don't give a rat's ass about the fundamentals. Who cares. The charts tell all, well before the reasons become apparent. 93 is a critical level for Uncle Buck.

catastrophic

DOC Thats a Big word

you would ASSUME, that, that would keep a lid on MSFT share price wouldnt you?

but you know what happens when you ASSUME things...you make an ASS out of U and ME....

Rejection at 8574 a few times should start the decline...I would expect a vigorous defense of 8521 and a full on brawl at 8510...Just my opinion

QUOTE (Oyster @ May 23 2003, 07:02 AM)

nuff said!......Seeya all July 29th ...

Tanks Oyster,

The heck knows why, but early readings of the structural indicators show that the geezers are still buying junk tech, even in the face of Allen's MSFT package...

The big boys selling their stocks

Sheep you hold for the Long term

We will clip U short