The word is out, boys and girls! Mr. Magoo and his not so merry band of thieves is an idea whose time has gone and grass roots support for this is spreading like wildfire. But we must be relentless in this struggle until this evil gang is terminated. Now is the time for us to step up our efforts in this war, continuing to do our part until victory is attained.

If you know of any U.S. manufacturer or labor union that is suffering on account of so-called trade with China, an honest monetary system will be most helpful to them. Without legal tender laws, goods purchased from abroad, especially those that involve future payment, will begin to be pegged against an objective standard, e.g., gold or silver. Prices will increase, and there will be fewer such purchases.

Honest trade involves value for value; work for work. Today, the Chinese are not getting value for their exports to us. What they are getting is, in fact, a potential claim on something of value. That is not the same thing.

When the time comes for them to cash out, they will find that all they have is a piece of paper or an electronic blip that is subject to vast depreciation. Meanwhile, the U.S. is losing manufacturing jobs, manufacturing infrastructure, and manufacturing know-how. Legal tender fiat money plays a key role in this transfer.

If enough people express an interest in Dr. Paul's Honest Money Act, defects in our monetary system will be placed on the national agenda . . .

Can anyone see treasury yield quotes? My quote.com feed doesn't seem to be displaying them.

GF: Big rally

5 yr - 3.05
10 yr - 4.17
30 yr - 5.19

My treasury feed is broken as well (giving a very bad number ...).

Also, thank heavens the NY Market cabal is there to step on the price of gold! What would we do without their invaluable services?

Good Morning and Good Stool to all! This will be my only posting today.

Your Anals Opening Intraday is up and ready for download. Unable to open your Anals Opening Intraday? Take a subscribatory, open it and download it RIGHT NOW, along with everything else in your Anals! 

Your Golden Stool, including short and long term updated charts and price targets, is now loaded, and it should make goldbugs happy. Even if you are not a goldbug, you should read the Golden Stool! A daily Anals release. Take a subscribatory and get the latest release of the Golden Stool from your Anals RIGHT NOW!

I will see you in the Anals at some point over the Weak End!

Looks like there was an early-morning brawl in the M2M saloon. Couple of stoolies carried out unconscious. Glad I was asleep during all that.

Thank goodness for the decorum and collegiality of IDS.

QUOTE (GregFokker @ Aug 8 2003, 12:43 PM)

Can anyone see treasury yield quotes? My quote.com feed doesn't seem to be displaying them.

Try this one:

http://www.bloomberg.com/markets/rates/index.html

As usual, out of nowhere:

Dollar jammed.

Gold smashed.

Stock futures levitated.

Bond market collapse stick saved.

What has changed?

NOTHING.

Glad I covered yesterday.

Thanks all.

Holding my breath and heading over to M2M.

Good one, Thor. "Thicker skin or lighter beer."

QUOTE (wndysrf @ Aug 8 2003, 07:57 AM)

As usual, out of nowhere: Dollar jammed. Gold smashed. Stock futures levitated. Bond market collapse stick saved. What has changed? NOTHING. Glad I covered yesterday.

Dog bites man -- so what else is new?

QUOTE (wndysrf @ Aug 8 2003, 08:57 AM)

What has changed? NOTHING. Glad I covered yesterday.

Well, the Treasury auction is over. Rick Santelli was chirping happily this morning about how the threes, fives and tens have all roared higher, pulling yields lower than the auction levels. "The signs of economic recovery are multiplying. Back to you, Mark!" (Mark Haines, that is)

The Treasury market's after-auction recovery is one of those old tricks that Wall Street never tires of, like an eager puppy who will fetch that stick as many times as you want to throw it.

"I'll let you kick the football this time, Charlie Brown. Really I will!"

QUOTE (Col Dashley @ Aug 8 2003, 09:06 AM)

QUOTE (wndysrf @ Aug 8 2003, 07:57 AM) As usual, out of nowhere: Dollar jammed. Gold smashed. Stock futures levitated. Bond market collapse stick saved. What has changed? NOTHING. Glad I covered yesterday. Dog bites man -- so what else is new?

well, some days ago a man did bite a dog. Really.

Carver reported hysterical put buying in the QQQ's last night.

That's suicide, in front of scam week.

Guaranteed formula for a jam job continuing into next Friday.

"The QQQ players ("cubers" we like to call them) are exhibiting extreme fear here. In case you didn't know, the QQQ shares track the NASDAQ-100 Index at 1/40th the price. On Thursday, the cubers poured five times as much money into put options as call options. That means they must be expecting a crash anytime now. With so much fear obviously in the market, it was interesting to see that Money Flow showed a large amount of buying pressure in the QQQ shares. The only reasonable explanation we can come up with is that investors are buying QQQs in a speculative frenzy but are simultaneously buying put options to protect against a crash. This kind of schizoid behavior probably argues that the QQQs are bound to be in a trading range until those puts expire — most do so next Friday."

crossover coming... http://www.saavycharts.info/


SIRI satellite will probably bounce today but check this out!
http://www.ameritradeindex.com/amtd.html

Something to think about while we suffer the jam.
Weekly DOW chart showing rollover and FIB time series that has been on the money and looks to be predicting a turn down.

QQQ showing head and shoulders recently completed. Note volume up on down days and lower on up days.

BB (Black Belt) pivot point today. What happened to him?
Bradley pivot Monday.

I sense a change coming.

For those of you have IRA account at IB, you can short ES and ES call now. It requires very little margin to short ES calls comparing with spx. Almost free money if you short far OTM. Yeah, you may lose on shorting ES sept 1040 calls, big deal. But shorting ES at 1040 plus premium is not a good deal?

Morning folks,

Never short an Dover Sole index at the bottom of its recent trading range with OE week just ahead.

One day I'll learn to follow my own axioms!

Luck today all.

QUOTE (wndysrf @ Aug 8 2003, 09:20 AM)

Carver reported hysterical put buying in the QQQ's last night. That's suicide, in front of scam week. Guaranteed formula for a jam job continuing into next Friday. "The QQQ players ("cubers" we like to call them) are exhibiting extreme fear here. In case you didn't know, the QQQ shares track the NASDAQ-100 Index at 1/40th the price. On Thursday, the cubers poured five times as much money into put options as call options. That means they must be expecting a crash anytime now. With so much fear obviously in the market, it was interesting to see that Money Flow showed a large amount of buying pressure in the QQQ shares. The only reasonable explanation we can come up with is that investors are buying QQQs in a speculative frenzy but are simultaneously buying put options to protect against a crash. This kind of schizoid behavior probably argues that the QQQs are bound to be in a trading range until those puts expire — most do so next Friday."

Thanks Mark. I've had a feeling that has been going on all during the spring rally. Any idea what the forensics look like into OPEX.
TIA
Rich

QUOTE (Maddog @ Aug 8 2003, 08:29 AM)

For those of you have IRA account at IB, you can short ES and ES call now. It requires very little margin to short ES calls comparing with spx. Almost free money if you short far OTM. Yeah, you may lose on shorting ES sept 1040 calls, big deal. But shorting ES at 1040 plus premium is not a good deal?

Whats ES?

Scalp dong on REDF....

QUOTE (Dharmaeye @ Aug 8 2003, 09:31 AM)

Whats ES?

Full size spoo futures

QUOTE (rog @ Aug 8 2003, 08:37 AM)

Full size spoo futures

No, it's mini.

BBY and WMT: New high??

Anybody know what the DOW & SP fisnished at last Friday....my guess is that closing above those numbers will be the target.

Jam right out of the gate on Freddie. Back over 50. Interesting.

We really should be up more than this, with Europe up 1% plus.

Doesn't smell right.

AMAT not moving.

Follow AMAT.

QUOTE (wndysrf @ Aug 8 2003, 08:45 AM)

AMAT not moving. Follow AMAT.

amo, amas, amat. amamus, amatis, ament.

amabo, amabis, amabit. amabimus, amabitis, amabunt.

amavi...

for those of you of the bulish persuasion ( machine?) please read Doc's annals last night. One of his best in regards to the fed/money/mgtbubble. Excellent!

QUOTE (libertas @ Aug 8 2003, 08:49 AM)

QUOTE (wndysrf @ Aug 8 2003, 08:45 AM) AMAT not moving. Follow AMAT. amo, amas, amat. amamus, amatis, ament. amabo, amabis, amabit. amabimus, amabitis, amabunt. amavi...

Wow, does that ever bring back old memories.

QUOTE (wndysrf @ Aug 8 2003, 08:45 AM)

AMAT not moving. Follow AMAT.

They were a little late getting up this morning. Got a hot tip!

The s.m. is still in denial, the ramifications of the bond mkt debacle have yet to be reflected in equity prices.

wish i had 100% covered yesterday. forget fomc on tuesday. markets always rally or hold ground 2-3 days into the meeting. we are going nowhere until then. 987 tops on es would expect.

Temporary Open Market Operations 08/08/2003
Maturity Date 08/11/2003
Delivery Date 08/08/2003
The Desk has entered the market announcing: O/W RP

Temporary Operations Statistics
Treasury
Collateral
Operation Agency
Collateral
Operation Mortgage-Backed
Collateral
Operation
Weighted Average Rate
.901 .960 N/A
Stop Out Rate (Lowest Rate Accepted) .900 .960 N/A
Highest Rate Submitted .910 .960 .930
Lowest Rate Submitted .800 .860 .910
Total Propostions Submitted (In $Bil.) 13.050 3.450 1.750
Total Propositions Accepted (In $Bil.) 1.550 .200 .000

Total Money Value of Operation (In $Bil.) 1.75



5.25 bl drain?

They're buying gas again.

Bull or Bear, today looks pretty solid.

TRIN < .50 UpVol >70%

bs: 1.75, I think that is a decent size drain?

Good Morning.
"They" seem to be holding AMAT down right below it's close on the regular market yesterday. When it goes green, it would not surprise me to see a big pop up in it.

Volume looking dead, Nas volume 20% below yesterday, current projected eod = 1.33B

Talk about your dog days of summer.

QUOTE (bullseatshitndie @ Aug 8 2003, 09:55 AM)

Temporary Open Market Operations 08/08/2003 Maturity Date 08/11/2003 Delivery Date 08/08/2003 The Desk has entered the market announcing: O/W RP Temporary Operations Statistics Treasury Collateral Operation Agency Collateral Operation Mortgage-Backed Collateral Operation Weighted Average Rate .901 .960 N/A Stop Out Rate (Lowest Rate Accepted) .900 .960 N/A Highest Rate Submitted .910 .960 .930 Lowest Rate Submitted .800 .860 .910 Total Propostions Submitted (In $Bil.) 13.050 3.450 1.750 Total Propositions Accepted (In $Bil.) 1.550 .200 .000 Total Money Value of Operation (In $Bil.) 1.75 5.25 bl drain?

Yes.

KCS moving higher on good volume.

QUOTE (Mousey Dung @ Aug 8 2003, 08:57 AM)

Good Morning. "They" seem to be holding AMAT down right below it's close on the regular market yesterday. When it goes green, it would not surprise me to see a big pop up in it.

One suspects that the semi buyers are standing around watching NVDA get shot. Currently down 16%. Pour encourager les autres.

No volume.

Great shorting opp coming up today through Tues

Yet another chance to not blow it

es hit 50% retrace from 7/31 high and 10day ma. 10day ma had been support all the way since march, should pose as resistance if this is a true downtrend.

QUOTE (bullseatshitndie @ Aug 8 2003, 09:04 AM)

es hit 50% retrace from 7/31 high and 10day ma. 10day ma had been support all the way since march, should pose as resistance if this is a true downtrend.

What is that level if you don't mind?

TIA

Listen californicaters, i will rule you, i have enough money, i cant be bought by schpeschell interest. Those guys in Sacked-gramanto should better move thier ass. My name:

SCHWOOOORZENEGGER