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WTF is a bird splitter anyway. Some weird sexual cult?
That's actually not a bullish dragon pattern yet. A head has to form first to generate a buy signal. You don't buy off the foot.
Buzz
LOL, no I'm not making a reversal call. I made my call. Dow 11,000 by July 08. I am officially declaring a bear market until summer.
Of course, since all of my non equity, meaning futures trades, are a few minutes in duration, and I go both long and short, I don't really care. A trade signal is a trade signal. I just like the volatility.
Buzz
I said SHE. You must be drunk early again and can't fuckin read.
Buzz
Interesting chart. As for the overall markets, however, it's the financials that are leading now. SOX is definitely in the back seat.
BTW, that guy buy the dips on the st ta board is possibly the biggest moron I've ever heard.
Buzz
She's a canuk you dumbass. She's passed out drunk while she's fishing, and too fuckin stupid to notice the skeeters, eh?
Buzz
Said by a cnbc analyst, never saw it in print. eom
As we all know, spelling is not my strongsuit. I wasn't correcting brig's spelling, just his grammar.
Buzz
Thankfully, we'll be getting our cmkx payout any day now.
Buzz
INTC earnings/guidance won't help based on the 12 point move down in futs since INTC earnings. Maybe gentle ben will pop out a half a point emergency rate cut in the am to help the bulls.
Buzz
But brig is many smarter, so it won't matter.
If futs don't recover overnight/premarket, we'll have a break away gap on the spx index below the up tl connecting the march/aug lows. that would be ugly.
Buzz
sp futs just gapped down 10 pts when they reopened.
"many smarter" would be the propper grammar ..........dolt
That's a pretty big word and intelligent reference for a dolt like you.
Buzz
I sure don't, LOL. Long and strong xp prof. eom
My favorite was all the idiots, including many on this and other boards, screaming this is the bottom, this is the bottom.
As I posted over a year ago, real estate corrections are not like stock market corrections. It doesn't happen in weeks or months. Inventory takes a long time to move, and if it is steadily increasing, the correction period takes longer. Typical real estate corrections are a minimum of 2 years, and most 3 to 4. I lived (owned) through a bad one here in LA, and know the signs here anyway that the bottom isn't in. When I see houses on the market for 6 months with several price reductions, I know the bottom isn't in.
I remember ONE, only one cnbc analyst (the real estate analyst from standard and poors) who kept saying we're not close to a bottom, and all but called the head of the realators association a moron. Last spring, he said 2009 at the earliest for a turn around. The ONLY one I saw on cnbc ahead of the curve, and the cnbc pumpers all called him an idiot.
Buzz
Yep, wouldn't surprise me a bit to wake up to a half a point and a 300 pt up day in the dow. Just an op to get short, imo.
Buxx
Maybe at 16.00. eom
Ugh, inventory up 17%. That's fugly fugly fugly. eom
If I here one more idiot fucking analyst say "but IBM's pre- announcement was so strong". Duhhhh. They have expanded internationally, and their beat was entirely based on the lower dollar and favorable exchange rates.
Buzz
Round 18 I might start buying for long term. eom
INTC down 10% in about 2 minutes. eom
Uh oh, lowered capex. eom
Uh oh. Lowered guidance for 1st Q. eom
Intel missed by .02 and light on revenue. uh oh. eom
It's just kinda funny to me. What did they think? A two income family making 120K a year was gonna buy a 3 bed/2 bath starter home for 1.5 million? How? No down, neg am, wait for it to go to 2 million in value then refi? Spend 50% of their gross income on house payments when the rule of thumb is 33% of net? Just fucking insanity.
Buzz
Do you see how many responses you get when you start a post on this board with "to the brigher ones here". Since no one qualifies, I'll answer.
I wouldn't have touched C ahead of earnings, but with the new CEO in now, I might nibble a bit over time, but hedge in cheap out of the money puts.
They do have a trillion in cash, which is pretty amazing.
Buzz
What happened to dow up 60, naz up 10, dow down 40, nas down 8 days? Everything's 150 and over on the dow.
Buzz
Was out all day, nice surprise to come back to. eom
WYYeeeeeeeeeeeeeeeeeeeeee
OT I remember my coming of age day. Lasted about 2 minutes, but started again about ten minutes later. Those were the days.
Buzz
I do wonder how much of today's decline might be related to the cme/cbot merger??? With the exchanges down all weekend, and many of the major connection co's (like Trading Tech, PATsystems, etc), maybe a better safe than sorry? Futs went down hard last night for no other real reason, causing the big gap down this am.
Buzz
Glad you got a nice swing profit on cfc. IMO, they'll reduce the buyout price before all is said and done.
How nice the ceo walks away with 85 million after putting tens of thousands out of work, and probably being one of a handful of individuals responsible for the subprime crisis.
Those morons NEVER should have started writing the kinds of loans they did. What did they expect? A starter home for a mil bought by a guy on a 100k salary cause it would go to 2 mil over the next year?
Buzz
Thinking of adding OCNW. WYY finally trying to get over the 1.20 hump. HDSN, out today for 30% profit on the short termer. IMOS, still waiting for the next buy, maybe round 3.00 mid next week.
Other than that, not doing much w/ stox, although SBUX on watch now. Although I HATE starbux.
Buzz
Thanks aire. eom
Aire, do the left translations in the 5, 10, and 20 weeks concern you?
TIA
Buzz
Let's watch these TL's carefully in the ES. The former up TL of lows is now resistance:
Buzz
It also when down 50 points the 3 days prior, and a total of 105 points in 8 days. Maybe it just needed a "breather" (relief rally) from that move. No positive divergences from Wednesday's low, btw.
Buzz
The 3% relief rally on wed/thurs took us out of deeply oversold conditions, however, on the hourly and daily.
Buzz