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ROFLMAO!
mainehiker...What do you think of yeller today? Looks like they are setting up to play whack a mole here. maybe back to 320-321???
This is scary as hell...http://newsmax.com/showinsidecover.shtml?a=2002/12/6/111433
Yep, he's pissing on the Dems graves right now. They are really pissed off.
I decided to hold yella over the weekend. Yes, were extended but the risk of missing the gap up if we break 330 is not worth the risk of a minor pullback here. If we get to 354, I'll pull the chain so hard it will make your head spin. ROFLMAO!
You must be happy today also. Close above 325.5 bodes very well IMO. COT report at 4PM also.
GO YELLA!!!!!!
Results of the vote yesterday on CNBC. http://moneycentral.msn.com/content/CNBCTV/Promos/P34787.asp?ShowResults=1&HasVotedTwice=#Vote
Yella...I sure hope your right. It will happen...it's just a question of when.
CNN had a poll on their site out on Friday and the last I saw was 48% planned to spend less, 37% planned to spend about the same and 15% planned to spend more.
Thats exactly why....keeps the state workers employed. If they actually fixed the problem, what would they be doing? ROFL!!
Gold...Talk about an inflection point...geez. http://stockcharts.com/def/servlet/SC.web?c=$hui,uu[w,a]daclyiay[pb50!b200!f][vc60][iLi14,3!Lh14,3]&...
OT mainehiker...I work in Hartford...where do you live?
Zeev, after looking at the COMP, S&P and Dow weeklies, this next down leg is going to be earth shaking IMO.
WOW! Are they hammering BRCD right now. 5.59
Inverse H&S in play on the COMP, target 1745 if it plays out. http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[w,a]da...
Inverse H&S in play on the SPX, target 1161 if it plays out.
http://stockcharts.com/def/servlet/SC.web?c=spx,uu[w,a]dacly...
Inverse H&S in play on the Dow, target 10956 if it plays out. http://stockcharts.com/def/servlet/SC.web?c=indu,uu[w,a]dacl...
IT'S BUBBLEMANIA AGAIN!!!
George, What did you think of the yella action today...kind of weird? Majors declined worse than the minors? Shoot the generals and then back up again? What do you think?
Don't rule this bear dead yet. The crescendo has yet to take place. We still have many a Chapter 11 and scandals to go. The dead wood will be weeded out and well have a much leaner system when we do eventually turn it up.
Looks like yella traders have the "Now what?" attitude after the pinyata party on gold yesterday....Waiting.........
fed..CRB. Saw that...interesting. Deflation finally??
ROFL! Or the stochasm pop...that's OK. Safety first....I like my gains.
Yep, I agree. The risk reward ratio is not good at the moment. Need to reset stochastics to curb my discomfort level at the moment. ROFL!
I just got done unloading yella into the pop. Were overbought and close to key resistance now at 326. The war is JPM not Iraq for yella right now and JPM is going to fight 326 with everything they got. I'll rebuy the dip.
OT LOLOLOLOLOLOL!!!!
The ant works hard in the withering heat all summer long, building his
house and laying in supplies for the winter. The grasshopper thinks the ant
is a fool and laughs and dances and plays the summer away.
Come winter, the shivering grasshopper calls a press conference and demands to know why the ant should be allowed to be warm and well-fed while others are cold and starving.
CBS, NBC and ABC show up to provide pictures of the shivering grasshopper
next to a video of the ant in his comfortable home with a table filled with food. America is stunned by the sharp contrast. How can this be, that in a country of such wealth, this poor grasshopper is allowed to suffer so?
Kermit the Frog appears on Oprah with the grasshopper, and everybody cries
when they sing, "It's Not Easy Being Green."
Jesse Jackson stages a demonstration in front of the ant's house, where the news stations film the group singing, "We shall overcome." Jesse then has the group kneel down to pray to God for the grasshopper's sake.
Al Gore exclaims in an interview with Peter Jennings that the ant has gotten rich off the back of the grasshopper, and calls for an immediate tax hike on the ant to make him pay his "fair share."
Finally, the EEOC drafts the "Economic Equity and Anti-Grasshopper Act," retroactive to the beginning of the summer. The ant is fined for failing to hire a proportionate number of green bugs and, having nothing left to pay his retroactive taxes, his home is confiscated by the government.
Hillary gets her old law firm to represent the grasshopper in a defamation suit against the ant, and the case is tried before a panel of Federal judges that Bill had appointed from a list of single parent welfare recipients. The ant loses the case.
The story ends as we see the grasshopper finishing up the last bits of the ant's food while the government house he is in, which just happens to be the ant's old house, crumbles around him because he doesn't maintain it.
The ant has disappeared in the snow.
The grasshopper is found dead in a drug-related incident and the house, now abandoned, is taken over by a gang of spiders who terrorize the once peaceful neighborhood.
augieboo, falling wedges are most reliable in bull markets. However, in bear markets they are less reliable...rising wedges are almost always reliable though. Weird huh? LOL!
OT 2002 DARWIN AWARDS
It's that time again . . . They are finally out. You know
about The Darwin Awards: the annual honor given to the person who did the
gene pool the biggest service by killing themselves in the most
extraordinarily stupid way. Last year's winner was the fellow who was
killed by a Coke machine which toppled over on top of him as he was
attempting to tip a free soda out of it. And this years nominees are:
Semifinalist #1
A young Canadian man, searching for a way of getting drunk cheaply,
because he had no money with which to buy alcohol, mixed gasoline with
milk. Not surprisingly, this concoction made him ill, and he vomited into
the fireplace in his house. This resulting explosion and fire burned his
house down, killing both him and his sister.
Semifinalist #2
Three Brazilian men were flying in a light aircraft at low altitude when
another plane approached. It appears that they decided to moon the
occupants of the other plane, but lost control of their own aircraft and
crashed. They were all found dead in the wreckage with their pants around
their ankles.
Semifinalist #3
A 22-year-old Reston, VA, man was found dead after he tried to use octopus
straps to bungee jump off a 70-foot railroad trestle. Fairfax County
police said Eric Barcia, a fast-food worker, taped a bunch of these straps
together, wrapped an end around one foot, anchored the other end to the
trestle at Lake Accotink Park, jumped and hit the pavement. Warren
Carmichael, a police spokesman, said investigators think Barcia was alone
because his car was found nearby. "The length of the cord that he had
assembled was greater than the distance between the trestle and the
ground," Carmichael said Police say the apparent cause of death was "major
trauma."
Semifinalist #4
A man in Alabama died from rattlesnake bites. It seems that he and a
friend were playing a game of catch, using the rattlesnake as a ball. The
friend - no doubt a future Darwin Awards candidate - was hospitalized.
Semifinalist#5
Employees in a medium-sized warehouse in west Texas noticed the smell of a
gas leak. Sensibly, management evacuated the building extinguishing all
potential sources of ignition; lights, power, etc. After the building had
been evacuated, two technicians from the gas company were dispatched. Upon
entering the building, they found they had difficulty navigating in the
dark. To their frustration, none of the lights worked. Witnesses later
described the sight of one of the technicians reaching into his pocket and
retrieving an object that resembled a cigarette lighter. Upon operation of
the lighter-like object, the gas in the warehouse exploded, sending pieces
of it up to three miles away. Nothing was found of the technicians, but
the lighter was virtually untouched by the explosion. The technician
suspected of causing the blast had never been thought of as bright by his
peers.
George, I can only day trade gold which the dailies showing overbought here. Call me nervous I guess...LOL! Hard to produce a real big move here without a real big event to kick it above 325-330. Yes, the rate cut was big news but not the kind of driver to pop it over 330. Now the USD could help out on a bear flag breakdown. DROOY is the laggard in the group from yesterday. Nice chart for catchup to the group.
George, what did you think on the action on gold today? The daily stochastics on many of the PM's has me nervous about getting long except fro a quick trade. Almost all are overbought. What do you think?
50bps cut!! DAMN!
OK, well how about this one then? http://stockcharts.com/def/servlet/SC.web?c=expe,uu[w,a]daclyiay[pb50!b200!f][vc60][iLi14,3!Lh14,3]&...
QLGC is a death wish long right now. http://stockcharts.com/def/servlet/SC.web?c=qlgc,uu[w,a]daclyiay[pb50!b200!f][vc60][iLi14,3!Lh14,3]&...
OT LOLOLOL!! Now THIS is a way to save our economy.
Workers to Donate Sperm to Pay Plant Debts
Wed Nov 6, 7:34 AM ET
BUCHAREST (Reuters) - Workers at a Romanian car factory have decided to donate sperm to get the debt-ridden plant out of the red, private television ProTv reported on Tuesday.
"Our feasibility study shows that if 1,000 workers donate their sperm for several months, we can get enough funds to pay part of the plant's debts," Ion Cotescu, trade union leader at ARO Campulung, told ProTv.
He said the decision came after reports in the local media said a fertility clinic in the western city of Timisoara offered donors the equivalent of $50 a visit. The monthly average wage in Romania is around $150.
The ARO Campulung plant, which makes jeep-style four-wheel-drives, has debts put at $20 million.
Cotescu told Reuters the sperm donation scheme also amounted to a protest against the government's privatization authority APAPS which had failed to find a strategic investor for the plant.
"They always told us to come up with a solution. Now, we have found one that even the best economists have never thought of. I hope APAPS will like it," he said.
OT Wow! She is a honey. Hope Clinton did not make her damaged goods.
All valid points. Watch to see what happens when the buy stops above 330 are hit when we breakout. DON'T BLINK! It's now 340 resistance.
mlsoft...USD isn't going to rally with a rate cut coming. My guess is we retest the lows around 103-104 minimum. Godl will probably test 325-330 before falling nack to the 310 area. WAG
The rise has been spectacular so far, the fall will be equally as spectacular. Way too much optimism for a bottom to be put in.
kstewart...Should that happen, the markets will most likely tank. The markets like stalemates.
Why? Because they didn't buy into their "prescribed" buy list they pump? They are no different than the longs. They actually keep the markets efficient.
Funny, I never viewed shorts as not being decent people. I thought the objective is to make money? Actually, I thought the shorts have been more clever the past couple of years. The bulls will have their time again in the future but not now.
limtex...Normalty?? Your a riot...I suppose that 1999-2000 was nornal also and warranted. Is the S&P PE normal now, or the debt load Corporations and individuals carry now normal, 10 yr yields at 3.59 lows normal, housing prices increasing 33-40% in 3 years normal? This is the most abnormal time I have ever lived in and I lived through the 70's as a kid. I will be a decade until things return to "normal". Get used to it.