http://quote.yahoo.com/m2?u
Full Version: IDS World Markets Mon 22nd May 06
Stool Pigeons Wire Message Board > Stock Market Message Board > Intraday Stool- Stock Market Short Term Trading
I thought we might see a bounce in resource and oil stocks today but it certainly hasn't happened so far. All Ords -0.6% and in the sectors, Materials -2.2% followed by Energy -1.7%. There's quite a few green sectors of which Utilities is up the most, +0.9%.
Miners are all down with BHP and RIO both -2.5%. Golds are down even further led by Lihir -7.3%.
Oils aren't getting quite the hard time experienced by miners but even so Woodside is -2% and Santos -0.7%.
A bit of a mix in Asia, ranging from China +0.5% to Sth Korea -0.8%.
I bought 3000 oz. silver bullion at about 3.80 several years ago. Accumulated more until about 6, then started selling. Have about 1/3 of my postion left. 3.80 was the buy of my liftetime.
I'm waiting to see what number will be the buy of the later comers' lifetimes. I'm looking at single digits, but its just a guess. The ETF has changed the dynamics. and..I want physical ONLY. Premiums are still too high...
I guess panic selling followed by a plateau would be my best bet to establish a re-entry price.
Anybody else having a conundrum ?
re: dip buying the broads. I feel we are now at the mirror image of March 2003...which I went appropriately long but lost my long winnings by gaming short a quick bounce back to the SPX low (a precise 50% retrace as you recall)..the low seemed too "artificial"...
IMO, the near miss on the Dow record is the carrot which will keep the bulls on the losing side of the stick here. An all-too-obvious retrace which is gravy for the PigMen counter-trades...
I'm waiting to see what number will be the buy of the later comers' lifetimes. I'm looking at single digits, but its just a guess. The ETF has changed the dynamics. and..I want physical ONLY. Premiums are still too high...
I guess panic selling followed by a plateau would be my best bet to establish a re-entry price.
Anybody else having a conundrum ?
re: dip buying the broads. I feel we are now at the mirror image of March 2003...which I went appropriately long but lost my long winnings by gaming short a quick bounce back to the SPX low (a precise 50% retrace as you recall)..the low seemed too "artificial"...
IMO, the near miss on the Dow record is the carrot which will keep the bulls on the losing side of the stick here. An all-too-obvious retrace which is gravy for the PigMen counter-trades...
Notice how the base are made, it doesn’t happen overnight. Just watch how its made. Funny thing is how the Chinese market seems to getting stronger while there is panic in Da Street. Oil is the least extended commodity which may be the reason why it’s holding well.
India has officially crashed and is now suspended
Whoa, miners and oils totally kneecapped today by a deluge of selling. Whether we've finally reached capitulation or not is yet to be seen but it's possible. The bottom pickers were sifting through the debris just before close which lifted the likes of BHP, RIO etc off their intraday lows.
All Ords closed -1.5% which takes us below the 5000 mark. Materials finished -3.4%, Energy -3.2% and Property Trusts -1.1%. The rest of the sectors had minimal damage and indeed 3 finished green. Healthcare and Utilities closed +0.3% and Consumer Staples +0.1%.
In the miners the golds received the biggest hit by far with both Lihir and Newcrest down more than 10%. Newmont suffered much less, -2.2%.
Oils were also unceremoniously dumped. Woodside closed -3.5% but it was down 5% at one stage and Santos ended the day -1.2%.
Over in Asia, India down a whopping 10.2%, Singers and Sth Korea -2.5% and Nikkers and Taiwan -2%. China escaped, +0.5%.
Over to UK/Europe:
http://quote.yahoo.com/m2?u
QUOTE(bullsdemkilla @ May 22 2006, 01:40 AM)
India has officially crashed and is now suspended
Silver approaching support but will it hold??
www.kitco.com
www.kitco.com
okay guys..dont tell the bulls but we are at the 2003 support trendline on the FTSE and DAX so I am expecting a plunge through that trendline..but we must bounce back to it
1 hour trading halt in Mumbai was long enough for the local bulls to go find the calvary-700 point + bounce as soon as trading resumed.
The Invisible Blowtorch...
word[Crapvision] is the govt steped up in India
Good to see you, BDK.
Weekend anecdotal murmurings heard on the street in SoCal. Two woman in their late 20s or early 30s babbling about mortgages but I can't make out any clear statements. Then suddenly the voice of the second suddenly rises: "Inflation!? What's that? What do you mean?" "What does inflation have to do with my mortgage!!"
Second conversation I overhear (men this time): "I think I have one of those ARM mortgages, you know one of those where the payment is low and you only pay the minimum." ... "You mean an _OPTION_ arm, where you're only paying interest" -- "Yeah, I think its one of those, cause my payment is so low, but they say its going to go up" -- "You should refinance into to fixed" -- "I'm thinking of building another property on my rental to get cash flows positive" -- "Yeah, good idea"
You have been warned, if you still think we are due for a "soft landing"
Second conversation I overhear (men this time): "I think I have one of those ARM mortgages, you know one of those where the payment is low and you only pay the minimum." ... "You mean an _OPTION_ arm, where you're only paying interest" -- "Yeah, I think its one of those, cause my payment is so low, but they say its going to go up" -- "You should refinance into to fixed" -- "I'm thinking of building another property on my rental to get cash flows positive" -- "Yeah, good idea"
You have been warned, if you still think we are due for a "soft landing"
Drano,
When do you sleep? You remind me of Gruff.
When do you sleep? You remind me of Gruff.
QUOTE(Peek Paper @ May 22 2006, 01:07 AM)
IMO, the near miss on the Dow record is the carrot which will keep the bulls on the losing side of the stick here. An all-too-obvious retrace which is gravy for the PigMen counter-trades...
Excellent point my dear Watson!
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QUOTE(bullsdemkilla @ May 22 2006, 03:47 AM)
word[Crapvision] is the govt steped up in India
We feel your pain...
May 22 (Bloomberg) -- India's Sensitive index dropped more than 10 percent, prompting a one-hour trading halt, as investors sold stock to cover losses.
Investors were asked to make additional payments to cover losses after the index posted a three-day, 14 percent drop. Finance Minister Palaniappan Chidambaram said there's no cash problem in the stock market and banks will give ``ample funds'' to pay for shares.
Be sure not to miss this weekend's podcasts on Capitalstool Radio.
I reloaded M2M podcast with adjusted sound levels which hopefully will be an improvement on the variable levels in the first posting.
I reloaded M2M podcast with adjusted sound levels which hopefully will be an improvement on the variable levels in the first posting.
I am planning a live test of Skypecast soon. If you want to participate in a live call-in whether to listen or ask questions or make comments, you'll need to have Skype. It's a free download, and well worth it. The skypecast will accomodate up to 99 participants. Mark and I will be doing a program together, and I will be testing it either later today or later in the week.
The only other things you will need to take part is a headset with microphone if you want to take part in the talk program, or just speakers if you just want to listen.
It's a fast simple download, and now offers free phone calls to any phone in the US or Canada. Also has video calling to other skype members. This is not an ad. I use the program and love it. Skypecasting makes it possible for up to 100 people to participate in a live audio discussion.
Download Skype here if you want to participate in the test, or future programs. Future programs will be recorded and podcast for listening later.
The only other things you will need to take part is a headset with microphone if you want to take part in the talk program, or just speakers if you just want to listen.
It's a fast simple download, and now offers free phone calls to any phone in the US or Canada. Also has video calling to other skype members. This is not an ad. I use the program and love it. Skypecasting makes it possible for up to 100 people to participate in a live audio discussion.
Download Skype here if you want to participate in the test, or future programs. Future programs will be recorded and podcast for listening later.
QUOTE(DrStool @ May 22 2006, 07:48 AM)
I am planning a live test of Skypecast soon. If you want to participate in a live call-in whether to listen or ask questions or make comments, you'll need to have Skype. It's a free download, and well worth it. The skypecast will accomodate up to 99 participants. Mark and I will be doing a program together, and I will be testing it either later today or later in the week.
The only other things you will need to take part is a headset with microphone if you want to take part in the talk program, or just speakers if you just want to listen.
It's a fast simple download, and now offers free phone calls to any phone in the US or Canada. Also has video calling to other skype members. This is not an ad. I use the program and love it. Skypecasting makes it possible for up to 100 people to participate in a live audio discussion.
Download Skype here if you want to participate in the test, or future programs. Future programs will be recorded and podcast for listening later.
The only other things you will need to take part is a headset with microphone if you want to take part in the talk program, or just speakers if you just want to listen.
It's a fast simple download, and now offers free phone calls to any phone in the US or Canada. Also has video calling to other skype members. This is not an ad. I use the program and love it. Skypecasting makes it possible for up to 100 people to participate in a live audio discussion.
Download Skype here if you want to participate in the test, or future programs. Future programs will be recorded and podcast for listening later.
I'm not a big fan of Skype, in part, due to the level of control that the software has over your system to turn it into a server. I'm a bit paranoid about security in general though. I know people that do use it at home (it doesn't work through many corporate firewalls) and like it.
Note to original subscribers to the Anals of Stock Proctology now WSE Pro subscribers. This only applies to those of you whose user name was generated by Paypal, and begins with the prefix pp-. If your user name does not have that prefix, this does not apply to you.
Hello-
I am in the process of moving all old subscriptions from the Paypal database to the direct payment gateway database. As you know, there have been access problems from time to time in recent weeks. This move will solve that problem.
The new system is ready for beta testing. For now, you can try the new system by logging in with your last name as the log-in and that portion of your email address before the @ sign as your password. All passwords are lower case. Most user names are upper case first letter, but if you typed in your name when you originally signed up with lower case letters, or all upper case, that is how you will need to enter your user name in the new data base. When we are sure the system works, I will request that you change your password to something more secure.
Please try to log in with the new user name and password. Email me if you are unable to log in. I will be sending a confirmation email to all of you when the system becomes permanent after a test period.
Please do not post on the board if you have a problem. Please do not post any questions about the change on the boards. Feel free to contact me by email.
The email address used for the password, and through which I will be sending further instructions will be the email address with which you registered on Paypal. I realize that some of you have since changed email addresses. Use the ORIGINAL email address on file with Paypal for the password. (the characters prior to the @) Also, if there are any special characters in your email name such as -,_. or anything other than an alphabetic or numeric character, use only the alphabetic or numeric characters. For example if your email address is joe.blow44, or joe_blow44 your password would be joeblow44.
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So far, no one has reported any problems in accessing the site with the new login. Therefore, beginning this weekend you will need to use your new login to access the subscriber material. Now is the time to test it to make sure it works, and report any problems.
This only applies to those of you whose user name was generated by Paypal, and begins with the prefix pp-. If your user name does not have that prefix, this does not apply to you.
Hello-
I am in the process of moving all old subscriptions from the Paypal database to the direct payment gateway database. As you know, there have been access problems from time to time in recent weeks. This move will solve that problem.
The new system is ready for beta testing. For now, you can try the new system by logging in with your last name as the log-in and that portion of your email address before the @ sign as your password. All passwords are lower case. Most user names are upper case first letter, but if you typed in your name when you originally signed up with lower case letters, or all upper case, that is how you will need to enter your user name in the new data base. When we are sure the system works, I will request that you change your password to something more secure.
Please try to log in with the new user name and password. Email me if you are unable to log in. I will be sending a confirmation email to all of you when the system becomes permanent after a test period.
Please do not post on the board if you have a problem. Please do not post any questions about the change on the boards. Feel free to contact me by email.
The email address used for the password, and through which I will be sending further instructions will be the email address with which you registered on Paypal. I realize that some of you have since changed email addresses. Use the ORIGINAL email address on file with Paypal for the password. (the characters prior to the @) Also, if there are any special characters in your email name such as -,_. or anything other than an alphabetic or numeric character, use only the alphabetic or numeric characters. For example if your email address is joe.blow44, or joe_blow44 your password would be joeblow44.
If you have changed your email address since registering with Paypal, please go to http://wallstreetexaminer.com/subscribe.php#support and enter your new user name (Last Name) and password (first part of old email address) in the Update Account area, and enter your current email address in the subsequent update form. Alternatively you can email me from your new address with the info on your old email address. Do not enter or change any other info. Please include your full name and old email address, so that I can verify you in the database. You cannot change your user name.
So far, no one has reported any problems in accessing the site with the new login. Therefore, beginning this weekend you will need to use your new login to access the subscriber material. Now is the time to test it to make sure it works, and report any problems.
This only applies to those of you whose user name was generated by Paypal, and begins with the prefix pp-. If your user name does not have that prefix, this does not apply to you.
I've used Skype for about 6 months, and it is fantastic. They are now offering free calls to any phone in the US or Canada as a way to counter the offering of similar services by AOL and Lycos. Before that the charge was only 2 cents a minute.
This is not good news for the phone companies, is it?
Anyway, if you are worried about but still want to participate, just download and install the software for the duration of the skypecast, then uninstall it. You can reinstall it whenever you want to participate. Assuming something worthwhile comes from the live call-in, then I will repost it as a podcast for those who just want to listen.
This is not good news for the phone companies, is it?
Anyway, if you are worried about but still want to participate, just download and install the software for the duration of the skypecast, then uninstall it. You can reinstall it whenever you want to participate. Assuming something worthwhile comes from the live call-in, then I will repost it as a podcast for those who just want to listen.
Wow! You guys watching the QQQ? Unreal. Its trading all over the place.....down .40 then 10 seconds later down .22......
Meanwhile RMBS, YHOO catching bids....
Funny Im getting my expected gap down this morning....
HEalthcare anyone? Lets here some ideas....I have AMGN which is getting a bid this morning.
VIX should have a huge spike up that can actually be seen on the 5 year chart!!
PEIX- ummm, any new targets below?
HUI- my target will become clearer if it closes down today.....target 250.
now that the big guns have sold at the top, the small fries start selling 25-30% below......get it down 30-40% and everyone will capitualate.......then it flies up 20% in one day...from around 250.....trickles up 10 more % and the crowds start buying again......difference of 50-60%......the big guns will have just scored the homerun of the century and the long term bull trend on hui wouldnt even be broken.....they laugh at the world....
Get ready for some more collapsing hedge funds.....amateur hedge funds that deserve to get smashed....ran by 25 year olds who tagged PEIX, IFN and HANS for the big run!!!
Call me crazy but this is the exact reason my eyeballs hurt from studying so much this weekend.....now its time for it to pay off.....
Major bradley turn date today...(+/-) 4 days....
Remember everyone on earth calling for a rebound....including myself...a slam down here could get them to give up the scenario in a day or 2....THEN we get a bottom on many sectors.....
Gotta love healthcare and utilities.
Topic this week on Crapvision is...."Has the commodity run been broken?"
Healthcare, Large cap defensive, utilities and naz......most risky is naz of course....with the S&P blasting thru the 200dma Ill be watching it for a capitulation move slam down....may take a few days...
Every bottom or top takes balls and most miss it....as someone said earlier....lets see who the pros are vs. the joes!!
Watch the dollar......huge support right below..
PPT (aka Marvin) put on hold for the time being Im sure. smoke seen coming out its butt this morning...new transistors required!......lets see how the options gang has repositioned...
Sometimes you just get lucky.....many have just been saved from going long the miners this morning.....a positive open would have caught most.....now the odds are alot better at least for them to play the bounce.....
Anyone have some examples of a gap down bottom in the market?
Meanwhile RMBS, YHOO catching bids....
Funny Im getting my expected gap down this morning....
HEalthcare anyone? Lets here some ideas....I have AMGN which is getting a bid this morning.
VIX should have a huge spike up that can actually be seen on the 5 year chart!!
PEIX- ummm, any new targets below?
HUI- my target will become clearer if it closes down today.....target 250.
now that the big guns have sold at the top, the small fries start selling 25-30% below......get it down 30-40% and everyone will capitualate.......then it flies up 20% in one day...from around 250.....trickles up 10 more % and the crowds start buying again......difference of 50-60%......the big guns will have just scored the homerun of the century and the long term bull trend on hui wouldnt even be broken.....they laugh at the world....
Get ready for some more collapsing hedge funds.....amateur hedge funds that deserve to get smashed....ran by 25 year olds who tagged PEIX, IFN and HANS for the big run!!!
Call me crazy but this is the exact reason my eyeballs hurt from studying so much this weekend.....now its time for it to pay off.....
Major bradley turn date today...(+/-) 4 days....
Remember everyone on earth calling for a rebound....including myself...a slam down here could get them to give up the scenario in a day or 2....THEN we get a bottom on many sectors.....
Gotta love healthcare and utilities.
Topic this week on Crapvision is...."Has the commodity run been broken?"
Healthcare, Large cap defensive, utilities and naz......most risky is naz of course....with the S&P blasting thru the 200dma Ill be watching it for a capitulation move slam down....may take a few days...
Every bottom or top takes balls and most miss it....as someone said earlier....lets see who the pros are vs. the joes!!
Watch the dollar......huge support right below..
PPT (aka Marvin) put on hold for the time being Im sure. smoke seen coming out its butt this morning...new transistors required!......lets see how the options gang has repositioned...
Sometimes you just get lucky.....many have just been saved from going long the miners this morning.....a positive open would have caught most.....now the odds are alot better at least for them to play the bounce.....
Anyone have some examples of a gap down bottom in the market?
QUOTE(DrStool @ May 22 2006, 07:45 AM)
I've used Skype for about 6 months, and it is fantastic. They are now offering free calls to any phone in the US or Canada as a way to counter the offering of similar services by AOL and Lycos. Before that the charge was only 2 cents a minute.
This is not good news for the phone companies, is it?
Anyway, if you are worried about but still want to participate, just download and install the software for the duration of the skypecast, then uninstall it. You can reinstall it whenever you want to participate. Assuming something worthwhile comes from the live call-in, then I will repost it as a podcast for those who just want to listen.
This is not good news for the phone companies, is it?
Anyway, if you are worried about but still want to participate, just download and install the software for the duration of the skypecast, then uninstall it. You can reinstall it whenever you want to participate. Assuming something worthwhile comes from the live call-in, then I will repost it as a podcast for those who just want to listen.
Meet your new mommy: Ebay, Paypal, Skype
Personally that's too much for one company to control if you ask me. I won't be using skype. It is anti-competitive with vonage and the other voip players. Ebay can subsidize skype for the sake of monopoly power.
I'm not an orthopedic doctor, but I think this is a lot of metal in a leg without much muscle support or blood vessel supply ... Barbaro futures can be safely shorted
? can the PPT do the same for the SM today....
? can the PPT do the same for the SM today....
QUOTE(FauxCaster @ May 22 2006, 06:03 AM)
Weekend anecdotal murmurings heard on the street in SoCal. Two woman in their late 20s or early 30s babbling about mortgages but I can't make out any clear statements. Then suddenly the voice of the second suddenly rises: "Inflation!? What's that? What do you mean?" "What does inflation have to do with my mortgage!!"
Second conversation I overhear (men this time): "I think I have one of those ARM mortgages, you know one of those where the payment is low and you only pay the minimum." ... "You mean an _OPTION_ arm, where you're only paying interest" -- "Yeah, I think its one of those, cause my payment is so low, but they say its going to go up" -- "You should refinance into to fixed" -- "I'm thinking of building another property on my rental to get cash flows positive" -- "Yeah, good idea"
You have been warned, if you still think we are due for a "soft landing"
Second conversation I overhear (men this time): "I think I have one of those ARM mortgages, you know one of those where the payment is low and you only pay the minimum." ... "You mean an _OPTION_ arm, where you're only paying interest" -- "Yeah, I think its one of those, cause my payment is so low, but they say its going to go up" -- "You should refinance into to fixed" -- "I'm thinking of building another property on my rental to get cash flows positive" -- "Yeah, good idea"
You have been warned, if you still think we are due for a "soft landing"
I live in a town house complex 10min outside of NYC. Trains & buses, view of the city, full of investment bankers and other assorted yuppies, etc... etc... the kind of property "that never goes down".
This weekend my neighbor held an open house. It was well advertised and staged. Only one or two couples showed up, and they were not serious buyers.
The interesting thing is 1hr into the open house his neighbor on the opposite side planted a for sale by owner sign right in front of his open house sign hoping to steal a little traffic.
They were having a heated discussion and waving some golf clubs in the air when I pulled up. Didn't stick around to see the ending.
Soft landing? Not a chance. Out of 60 units; 7 are FSBO, 3 listed by brokers, 1 has a sign that just says "price reduced".
QUOTE(Dr Bob Poodit @ May 22 2006, 06:16 AM)
QUOTE(FauxCaster @ May 22 2006, 06:03 AM)
Weekend anecdotal murmurings heard on the street in SoCal. Two woman in their late 20s or early 30s babbling about mortgages but I can't make out any clear statements. Then suddenly the voice of the second suddenly rises: "Inflation!? What's that? What do you mean?" "What does inflation have to do with my mortgage!!"
Second conversation I overhear (men this time): "I think I have one of those ARM mortgages, you know one of those where the payment is low and you only pay the minimum." ... "You mean an _OPTION_ arm, where you're only paying interest" -- "Yeah, I think its one of those, cause my payment is so low, but they say its going to go up" -- "You should refinance into to fixed" -- "I'm thinking of building another property on my rental to get cash flows positive" -- "Yeah, good idea"
You have been warned, if you still think we are due for a "soft landing"
Second conversation I overhear (men this time): "I think I have one of those ARM mortgages, you know one of those where the payment is low and you only pay the minimum." ... "You mean an _OPTION_ arm, where you're only paying interest" -- "Yeah, I think its one of those, cause my payment is so low, but they say its going to go up" -- "You should refinance into to fixed" -- "I'm thinking of building another property on my rental to get cash flows positive" -- "Yeah, good idea"
You have been warned, if you still think we are due for a "soft landing"
I live in a town house complex 10min outside of NYC. Trains & buses, view of the city, full of investment bankers and other assorted yuppies, etc... etc... the kind of property "that never goes down".
This weekend my neighbor held an open house. It was well advertised and staged. Only one or two couples showed up, and they were not serious buyers.
The interesting thing is 1hr into the open house his neighbor on the opposite side planted a for sale by owner sign right in front of his open house sign hoping to steal a little traffic.
They were having a heated discussion and waving some golf clubs in the air when I pulled up. Didn't stick around to see the ending.
Soft landing? Not a chance. Out of 60 units; 7 are FSBO, 3 listed by brokers, 1 has a sign that just says "price reduced".
Is this the road to Soft's Landing?
QUOTE(FauxCaster @ May 22 2006, 09:05 AM)
QUOTE(DrStool @ May 22 2006, 07:45 AM)
I've used Skype for about 6 months, and it is fantastic. They are now offering free calls to any phone in the US or Canada as a way to counter the offering of similar services by AOL and Lycos. Before that the charge was only 2 cents a minute.
This is not good news for the phone companies, is it?
Anyway, if you are worried about but still want to participate, just download and install the software for the duration of the skypecast, then uninstall it. You can reinstall it whenever you want to participate. Assuming something worthwhile comes from the live call-in, then I will repost it as a podcast for those who just want to listen.
This is not good news for the phone companies, is it?
Anyway, if you are worried about but still want to participate, just download and install the software for the duration of the skypecast, then uninstall it. You can reinstall it whenever you want to participate. Assuming something worthwhile comes from the live call-in, then I will repost it as a podcast for those who just want to listen.
Meet your new mommy: Ebay, Paypal, Skype
Personally that's too much for one company to control if you ask me. I won't be using skype. It is anti-competitive with vonage and the other voip players. Ebay can subsidize skype for the sake of monopoly power.
I don't see skype or ebay having monopoly power when aol and lycos are already offering similar services. Google and MSN are sure to get in the act. There's going to be lots of competition in this area. It is bad news for the telecoms and VOIP pay models. That's for sure. It looks like a drive toward mass suicide in the telecom sphere.
QUOTE(Tzu @ May 22 2006, 07:46 AM)
Wow! You guys watching the QQQ? Unreal. Its trading all over the place.....down .40 then 10 seconds later down .22......
Meanwhile RMBS, YHOO catching bids....
Funny Im getting my expected gap down this morning....
HEalthcare anyone? Lets here some ideas....I have AMGN which is getting a bid this morning.
VIX should have a huge spike up that can actually be seen on the 5 year chart!!
PEIX- ummm, any new targets below?
HUI- my target will become clearer if it closes down today.....target 250.
now that the big guns have sold at the top, the small fries start selling 25-30% below......get it down 30-40% and everyone will capitualate.......then it flies up 20% in one day...from around 250.....trickles up 10 more % and the crowds start buying again......difference of 50-60%......the big guns will have just scored the homerun of the century and the long term bull trend on hui wouldnt even be broken.....they laugh at the world....
Get ready for some more collapsing hedge funds.....amateur hedge funds that deserve to get smashed....ran by 25 year olds who tagged PEIX, IFN and HANS for the big run!!!
Call me crazy but this is the exact reason my eyeballs hurt from studying so much this weekend.....now its time for it to pay off.....
Major bradley turn date today...(+/-) 4 days....
Remember everyone on earth calling for a rebound....including myself...a slam down here could get them to give up the scenario in a day or 2....THEN we get a bottom on many sectors.....
Gotta love healthcare and utilities.
Topic this week on Crapvision is...."Has the commodity run been broken?"
Healthcare, Large cap defensive, utilities and naz......most risky is naz of course....with the S&P blasting thru the 200dma Ill be watching it for a capitulation move slam down....may take a few days...
Every bottom or top takes balls and most miss it....as someone said earlier....lets see who the pros are vs. the joes!!
Watch the dollar......huge support right below..
PPT (aka Marvin) put on hold for the time being Im sure. smoke seen coming out its butt this morning...new transistors required!......lets see how the options gang has repositioned...
Sometimes you just get lucky.....many have just been saved from going long the miners this morning.....a positive open would have caught most.....now the odds are alot better at least for them to play the bounce.....
Anyone have some examples of a gap down bottom in the market?
Meanwhile RMBS, YHOO catching bids....
Funny Im getting my expected gap down this morning....
HEalthcare anyone? Lets here some ideas....I have AMGN which is getting a bid this morning.
VIX should have a huge spike up that can actually be seen on the 5 year chart!!
PEIX- ummm, any new targets below?
HUI- my target will become clearer if it closes down today.....target 250.
now that the big guns have sold at the top, the small fries start selling 25-30% below......get it down 30-40% and everyone will capitualate.......then it flies up 20% in one day...from around 250.....trickles up 10 more % and the crowds start buying again......difference of 50-60%......the big guns will have just scored the homerun of the century and the long term bull trend on hui wouldnt even be broken.....they laugh at the world....
Get ready for some more collapsing hedge funds.....amateur hedge funds that deserve to get smashed....ran by 25 year olds who tagged PEIX, IFN and HANS for the big run!!!
Call me crazy but this is the exact reason my eyeballs hurt from studying so much this weekend.....now its time for it to pay off.....
Major bradley turn date today...(+/-) 4 days....
Remember everyone on earth calling for a rebound....including myself...a slam down here could get them to give up the scenario in a day or 2....THEN we get a bottom on many sectors.....
Gotta love healthcare and utilities.
Topic this week on Crapvision is...."Has the commodity run been broken?"
Healthcare, Large cap defensive, utilities and naz......most risky is naz of course....with the S&P blasting thru the 200dma Ill be watching it for a capitulation move slam down....may take a few days...
Every bottom or top takes balls and most miss it....as someone said earlier....lets see who the pros are vs. the joes!!
Watch the dollar......huge support right below..
PPT (aka Marvin) put on hold for the time being Im sure. smoke seen coming out its butt this morning...new transistors required!......lets see how the options gang has repositioned...
Sometimes you just get lucky.....many have just been saved from going long the miners this morning.....a positive open would have caught most.....now the odds are alot better at least for them to play the bounce.....
Anyone have some examples of a gap down bottom in the market?
Wanna buy the Q's too, but the ice in my balls is preventing my mouse hand from moving
This morning Gold and Silver reached my downside targets for this correction, and are now well off their lows, so I think it's over.
donged more JBLU
DONG OIH for a double bottom play at 141.80.
Now that they sold into the J6P "buy at the Monday open" orders, they will resume previous programming...
I wouldn't touch this market on the long side, even with YOUR money.
I'll be starting the skypecast in a few minutes.
DONG NEM at 49.29.
tnx breaks 5%.
I will post the link location here shortly. This is essentially to give skypecasting a test drive.
It would have been safe to buy one stock at the open:
FNM.
FNM.
Amazing move in India, very similar to the May 2004 spike crash when it lost 33%. A similar move brings the BSE back to 8571. I imagine a lot of folks are wondering if this will be a "one and done" crash like 2004 or not.
IIF broke down out of that megaphone pattern a few days ago, more or less predicting a runaway downside move in the India bourse. Obvious supports are 42, 38 and then the Oct05 lows of 33ish.
IFF fell 40% in May 2004 when the BSE crashed the last time. A 40% downside move off the highs brings it to 35 or so, the bottom of the late 2005 consolidation range back when the BSE was trading 8,000-9,000. This morning's BSE crash dropped it to 9,826, not even back to its 200dayMA which is at 9,423. That's what can happen when a stock/index gets so overstretched. At its high, the BSE was trading 37% over its 200dayMA. I've seen stocks get that stretched, but rarely an entire broad stock index.
IIF broke down out of that megaphone pattern a few days ago, more or less predicting a runaway downside move in the India bourse. Obvious supports are 42, 38 and then the Oct05 lows of 33ish.
IFF fell 40% in May 2004 when the BSE crashed the last time. A 40% downside move off the highs brings it to 35 or so, the bottom of the late 2005 consolidation range back when the BSE was trading 8,000-9,000. This morning's BSE crash dropped it to 9,826, not even back to its 200dayMA which is at 9,423. That's what can happen when a stock/index gets so overstretched. At its high, the BSE was trading 37% over its 200dayMA. I've seen stocks get that stretched, but rarely an entire broad stock index.
Donged cde at 4.63. Tight stop. I'm scared.
Long HEC @.67
Long IIP @$1.10
QUOTE(dmm742 @ May 22 2006, 09:16 AM)
Amazing move in India, very similar to the May 2004 spike crash when it lost 33%. A similar move brings the BSE back to 8571. I imagine a lot of folks are wondering if this will be a "one and done" crash like 2004 or not.
IIF broke down out of that megaphone pattern a few days ago, more or less predicting a runaway downside move in the India bourse. Obvious supports are 42, 38 and then the Oct05 lows of 33ish.
IFF fell 40% in May 2004 when the BSE crashed the last time. A 40% downside move off the highs brings it to 35 or so, the bottom of the late 2005 consolidation range back when the BSE was trading 8,000-9,000. This morning's BSE crash dropped it to 9,826, not even back to its 200dayMA which is at 9,423. That's what can happen when a stock/index gets so overstretched. At its high, the BSE was trading 37% over its 200dayMA. I've seen stocks get that stretched, but rarely an entire broad stock index.
IIF broke down out of that megaphone pattern a few days ago, more or less predicting a runaway downside move in the India bourse. Obvious supports are 42, 38 and then the Oct05 lows of 33ish.
IFF fell 40% in May 2004 when the BSE crashed the last time. A 40% downside move off the highs brings it to 35 or so, the bottom of the late 2005 consolidation range back when the BSE was trading 8,000-9,000. This morning's BSE crash dropped it to 9,826, not even back to its 200dayMA which is at 9,423. That's what can happen when a stock/index gets so overstretched. At its high, the BSE was trading 37% over its 200dayMA. I've seen stocks get that stretched, but rarely an entire broad stock index.
I'm going to start a Submerging Market Fund...
no bounce,
no play
- Stephen King
mark your calendars :
QUOTE(dmm742 @ May 22 2006, 09:16 AM)
Amazing move in India, very similar to the May 2004 spike crash when it lost 33%. A similar move brings the BSE back to 8571. I imagine a lot of folks are wondering if this will be a "one and done" crash like 2004 or not.
IIF broke down out of that megaphone pattern a few days ago, more or less predicting a runaway downside move in the India bourse. Obvious supports are 42, 38 and then the Oct05 lows of 33ish.
IFF fell 40% in May 2004 when the BSE crashed the last time. A 40% downside move off the highs brings it to 35 or so, the bottom of the late 2005 consolidation range back when the BSE was trading 8,000-9,000. This morning's BSE crash dropped it to 9,826, not even back to its 200dayMA which is at 9,423. That's what can happen when a stock/index gets so overstretched. At its high, the BSE was trading 37% over its 200dayMA. I've seen stocks get that stretched, but rarely an entire broad stock index.
IIF broke down out of that megaphone pattern a few days ago, more or less predicting a runaway downside move in the India bourse. Obvious supports are 42, 38 and then the Oct05 lows of 33ish.
IFF fell 40% in May 2004 when the BSE crashed the last time. A 40% downside move off the highs brings it to 35 or so, the bottom of the late 2005 consolidation range back when the BSE was trading 8,000-9,000. This morning's BSE crash dropped it to 9,826, not even back to its 200dayMA which is at 9,423. That's what can happen when a stock/index gets so overstretched. At its high, the BSE was trading 37% over its 200dayMA. I've seen stocks get that stretched, but rarely an entire broad stock index.
Well at least IFN is holding up well..
[attachmentid=64407]
Bung
Fear i sense...
Buy i must...
Buy i must...
Update:
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