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tone of the Nasdaq
BEAR 6500 5.70 +1.35 31.03% Vermont Teddy Bear Co
LowRisk.com a Turn up? or Wrongo?
Below are the results of our weekly "Guess the Dow" sentiment
survey. The survey was taken from Monday 7/12 through Sunday
7/18 on the LowRisk.com web site.
30 day outlook:
24% bullish, 19% previous week
52% bearish, 56% previous week
24% neutral, 25% previous week
(percentages may not sum to 100 due to rounding)
The median guess for the Dow closing value on Friday, 7/23:
10143 (it was 10019 last week). More complete sentiment
data is available at: <http://www.lowrisk.com/sentiment.htm>.
Please put in your opinion on the market for next
week. It really helps our data. It only takes a minute at:
http://www.lowrisk.com/guess.htm
semi book-bill ratio down, bookings up
6:03 pm ET Semi Book-to-Bill : Semi equipment industry book-to-bill ratio fell to 1.08 in June. Bookings of 1.61 bln approx 3% above May's level of $1.56 bln and 123.0% above the $722.3 mln in orders posted in the same time a year ago.
(2 outa 3 ain't bad? Really!?)
a market family tree
Who Is Jack Schitt?
For some time many of us have wondered just who is Jack Schitt? We find ourselves at a loss when someone says, "You don't know Jack Schitt!"
Well, thanks to my genealogy efforts, you can now respond in an intellectual way.
Jack Schitt is the only son of Awe Schitt. Awe Schitt, the fertilizer magnate, married O. Schitt, the owner of Needeep N. Schitt, Inc. They had one son, Jack. In turn, Jack Schitt married Noe Schitt.
The deeply religious couple produced six children: Holie Schitt, Giva Schitt, Fulla Schitt, Bull Schitt, and the twins Deap Schitt and Dip Schitt.
Against her parents' objections, Deap Schitt married Dumb Schitt, a high school dropout.
After being married 15 years, Jack and Noe Schitt divorced. Noe Schitt later married Ted Sherlock, and, because her kids were living with them, she wanted to keep her previous name. She was then known as Noe Schitt Sherlock.
Meanwhile, Dip Schitt married Loda Schitt, and they produced a son with a rather nervous disposition named Chicken Schitt.
Two of the other six children, Fulla Schitt and Giva Schitt, were
inseparable throughout childhood and subsequently married the Happens brothers in a dual ceremony. The wedding announcement in the newspaper announced the Schitt-Happens nuptials.
The Schitt-Happens children were Dawg, Byrd, and Hoarse.
Bull Schitt, the prodigal son, left home to tour the world. He recently returned from Italy with his new Italian bride, Pisa Schitt.
Now when someone says, "You don't know Jack Schitt," you can correct them.
Sincerely, Crock O. Schitt
My best, John
Ah sweet revenge cable Net law
Web Woes May Cost Cable Providers
ROCKVILLE, Md., July 16, 2004
(AP) Lawmakers in a suburban Washington, D.C., county may impose stiff penalties on cable television companies that do not quickly fix customer problems with their high-speed Internet access.
The legislation is one of the nation's first attempts by a local government to regulate cable modem service.
The Montgomery County plan calls for cable companies to restore Internet service within 24 hours of an outage or be forced to give consumers significant rebates. It also allows the county to impose fines on cable companies for violations. The regulation does not impose penalties for problems with the quality or speed of a connection.
"No one should have to pay for a service that isn't provided," county council member Marilyn Praisner said.
The county council is scheduled to vote on the proposal July 27, but cable companies are trying to attach amendments that would weaken the legislation. They say lawmakers are exaggerating the number of customer complaints about cable modem service.
"It's a regulation in search of a problem," said Brian Edwards, a spokesman for Comcast.
There are doubts about whether the county could even regulate cable Internet services.
Though local governments have long regulated cable television, the Federal Communications Commission has defined cable Internet as "an information service," breaking it away from cable regulations.
By Stephen Manning
©MMIV, The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.
LSTA line good one billy Stewart
She'll be back?
NOT ON SALE AT KMART Ever wonder what to do with evidence from white-collar trials? Thesmokinggun.com, a unit of Court TV, found an apt way to commemorate a particularly meaningful document from Martha Stewart's case. It printed part of Government Exhibit 123-C on a dish towel.
Specifically, it reproduced this message taken by Ann E. Armstrong, Ms. Stewart's personal assistant at the time: "Peter Bacanovic thinks ImClone is going to start trading downward." Ms. Stewart sold her ImClone stock the day she received that message. She was convicted of lying to investigators seeking evidence of insider trading and sentenced on Friday to five months in prison.
William Bastone, a co-founder of thesmokinggun.com, said his wife, Barbara Glauber, dreamed up the idea. "We'll have to start thinking about what kind of product to tie in to Ken Lay," he said.
Constance L. Hays NY Times 7/19/2004
SMTR rise began at 12:55
But billy is girlie man....hehe
I thought Payne's view was fairly upbeat in face of
such a sour market. He's generally very level-headed guy
when on telly like FOX News Bears & Bulls or others.
Liked that ton o cash too.
LSTA nearing me....
WStreet Market Commentary letter
WHEN WE STICK OUR HEADS IN THE SAND IT LEAVES OTHER AREAS EXPOSED
By Charles Payne, CEO & Principal Analyst
7/19/2004 1:13:48 PM Eastern Time
Investors have become decisive in one area; they aren't willing to play the see-saw game all day any more. It is noon and the market has taken a decidedly downward turn after going back and forth for the better part of the morning. Once again it doesn't feel like panic, it's just a matter of a complete boycott by would-be buyers. Over the last few months, even unsophisticated investors have learned that by keeping their powder dry they might be able to buy stocks cheaper. (The reality is that many of those investors that are cooling their heels will still end up buying stocks on their radar at higher prices. Most folks just aren't going to A) believe that a bottom has been achieved, even when it has or B) not going to be able to switch their mindset.) Be that as it may, the market has never been designed to be static. When stocks stop moving, folks become afraid, and when folks become afraid they sit on their pocketbooks and/or sell. Ironically, this is when the smart money folks step up to the plate. I suspect so-called smart investors are buying, although nibbling would be a better description.
Tomorrow, Greenspan will address the Senate and everyone is waiting for his latest assessment of the economy. I have to believe that the Federal Reserve chairman will acknowledge the fragility of the recovery. Certainly the recent upturn in initial jobless claims, the decline in retail spending and the slip in the manufacturing sector will be brought up during the testimony to the banking committee. Two months ago I would have said that such testimony would be great for the market as it would buy time for businesses, particularly small businesses to accumulate more funds and build operations. Of course, corporate America is already sitting on a ton of cash, more than ever in history and they must begin to put those funds to work.
The 200-day moving average is popping up on most charts as the next test. The inability for it to hold could lead to a sharp spike lower
ITDJ News out Asian sale 0.0006 71M
Prior PR on Int'l Market efforts may be working out!
-------
Integrated Software Development Announces Breakthrough in International Sales
Company Wins Important Customer in New Asia Pacific Market
7/19/2004 1:01:52 PM
KIRYAT BIALIK, ISRAEL AND LAS VEGAS, NV, Jul. 19, 2004 (MARKET WIRE via COMTEX) -- Integrated Software Development Ltd. (ISD) (ITDJ) today announced an important breakthrough in international sales with the sale of its enterprise software solution, BENEFIT, to E.L. Group, a major company involved in trade and infrastructure in Asia Pacific.
http://cbs.marketwatch.com/tools/quotes/newsarticle.asp?guid={6D387B8C-2CF0-49DC-B133-7CF97A35A365}&...
What the F?? NASD/firms noncompliance arb
LIKE WE NEED THIS!@#$%%
NASD fines firms for non-compliance
By Luisa Beltran, CBS.MarketWatch.com
Last Update: 11:30 AM ET July 19, 2004
NEW YORK (CBS.MW) - The NASD fined Citigroup Global Markets, Merrill Lynch and Morgan Stanley a total of $750,000 for failing to produce documents in 20 arbitration cases.
From 2002 to 2004, the three firms failed to comply with discovery orders from arbitration panels, including the NASD dispute resolution. Citi was party to six arbitrations, while Merrill and Morgan each had seven cases, during the time period.
The former Salomon Smith Barney, Merrill and Morgan Stanley did not produce documents to claimants even after the panels ordered them to hand over the documents, the NASD said
Some of the firms even believed that noncompliance with the discovery process was a "routine and acceptable part of arbitration strategy," the NASD said Monday.
Failure to provide documents violated the NASD's rule for just and equitable principles of trade. The NASD fined Citi (C: news, chart, profile), Merrill (MER: news, chart, profile) and Morgan Stanley (MWD: news, chart, profile) $250,000 each.
"We will not tolerate any failure by NASD-regulated firms to cooperate fully in the arbitration process and we will bring enforcement actions as necessary to assure full compliance with our arbitration code," said Robert Glauber, NASD Chairman.
Citi, Merrill and Morgan Stanley did not admit or deny guilt. However, the firms agreed to establish a written procedure review by management in any instance where an arbitration panel has sanctioned the firm for discovery violations.
Shares of Citigroup gained 63 cents to $44.25, Morgan Stanley added 71 cents to $47.78 and Merrill rose by 41 cents to $49.17 Monday in morning trading.
VIX running UP 15.62 gapped big
Looking like a thick rocket candle here. Ugh. Yuck. etc.
EPUC.ob .0041 -41% 3rd day drop?
hmm No DD but News didn't look bad lately. Showed Revs up??
But this is brutal. No position. Have to DD & watch.
hmmm huge OS 1 Bil considering 7/15 5 pm
SB-2 reg for 1.2B more
That's it. Double trades today. 10M vol now.
ADSX for billy's jet fighter
Just out PR - deal for downed pilots S&R.
ADSX and Cubic Corp News
Cubic Corporation and Digital Angel Corporation's Signature Industries Subsidiary Form Search and Rescue Strategic Parntership
Monday July 19, 10:07 am ET
Global Industry Leaders Reach Agreement on System Interoperability in Military and Civilian Search and Rescue Systems
ST. PAUL, Minn., July 19 /PRNewswire-FirstCall/ -- Digital Angel Corporation (Amex: DOC - News), an advanced technology company in the field of rapid and accurate identification, location tracking, and condition monitoring of high-value assets, today announced that San Diego-based Cubic Defense Applications, a subsidiary of Cubic Corporation (Amex: CUB - News), and Digital Angel's London based subsidiary Signature Industries, have formed an industry leading search and rescue strategic partnership to provide integration between the Signature SARBE® G2R hand held emergency beacon and Cubic's aircraft mounted Personnel Locator System (PLS).
http://biz.yahoo.com/prnews/040719/lam060_1.html
SMTR frog new PR on IR
billy, neat fighter jet. Hope they use them well & often.
FONR & IIP drop, just on watch, course so's CMKX!
Hope all had a 'dry' weekend. Soak Sun in Man'h. Dentist day.
9:06 am News for 'SMTR' - (SmarTire Engages Hawk Associates For Investor Relations Specialists In Microcap Companies Added To SmarTire's Communication Team OTCBB: SMTR)
RICHMOND, BC, Jul 19, 2004 /PRNewswire-FirstCall via COMTEX/ -- SmarTire
Systems Inc. (OTCBB: SMTR) announced today that it has retained Hawk Associates,
Inc. to provide the company with investor relations and financial media
relations services.
SmarTire's President & CEO, Robert Rudman said, "Hawk Associates is one of the
premier providers of investor relations services for Microcap companies. Julie
Marshall and Frank Hawkins are highly regarded throughout the industry for
having developed one of the most effective programs for helping small companies
communicate successfully with investors. They are well known for the highly
ethical manner in which they run their programs and for their extensive reach
throughout the investment community. We look forward to working with them."
Hawk Associates CEO, Frank Hawkins said, "Real time tire pressure monitoring is
an automotive technology that will show explosive growth over the next few
years. Following the legal chaos created by the highly publicized series of
accidents involving the Ford Explorer and Firestone Tires, Congress passed the
TREAD Act that requires that tire pressure monitoring systems become standard
equipment on all light vehicles in a staged manner over the next five years.
Other market segments including recreational vehicles, motorcycles, buses and
commercial vehicles are beginning to adopt the technology. This has created an
industry that is expected to become a multi-billion dollar market by 2007.
SmarTire is extremely well positioned to benefit from this growth because of its
experience and proprietary technology. We believe the next few years could be
very exciting for SmarTire and the company's shareholders."
About SmarTire Systems
SmarTire develops and markets proprietary advanced tire pressure monitoring and
technology systems for the global automotive and transportation industries. The
U.S. Government, through the TREAD Act, has legislated that all new vehicles
must be equipped with tire monitoring systems that began with a phased
implementation in 2004. SmarTire is capitalizing on rapidly emerging OEM and
aftermarket opportunities. The company's vision is to become the preeminent
provider of wireless sensing and control systems for vehicles worldwide.
Incorporated in 1987, SmarTire has offices in North America and Europe.
thx billy DFRC cutting out now
Try some posts over weekend if get chance. Not making much dif.
Just sit by the riverbank, poke out net and fishes shove themselves in. No dyeemite required.
Come to the 0.0001 Lake of the Damned.
I care I reeeallly do care about all the little people - M.S.
DFRC blows await 0.0001
from another board poster - man I'm gonna son have 1Mil of every POS on subs at 0.0001
One of em has to go, right? famous last words LOL
Diversified Financial Resources Corp [ formerly Elocity Networks Corp ]
released on Friday, 7/16/4, a 1-document, 8-page 'S-8 POS'
Post-Effective Amendment of an S-8 -- Form S-8
effective as of Friday, 7/16/4
filed as of Friday, 7/16/4 ________________________________________________________________
This filing: 'S-8 POS' -- # 0001070544-04-000079 @ 040716-191836 -- http://www.secinfo.com/$/SEC/Filing.asp?D=1zWev.12z&CIK=1029802
Filer: Diversified Financial Resources Corp [ formerly Elocity Networks Corp ] -- http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1029802
GSPM lite up like summer Xmas tree
Got greens on that baby. Gold & oil in play.
Only thing moving is commods. One sided markets like this
plus bonds stronger means only one thing....
DSLNC gets Naz $1 comply extension
(DFRC chart billy...I know, it's a cheapie - looking for
500k share at some point. thx)
Let the blood sport begin again. Some day one of these will
actually strike gold - most don't.
7/16/04 - DSLNC: Granted Extension to Comply w/Nasdaq Listing [delayed]
Ridgeland, MS, JUL 16, 2004 (EventX/Knobias.com via COMTEX) -- DSL.net, Inc. (DSLNC) announced that it received an extension from Nasdaq until August 6, 2004, for its common stock to close at a bid price of at least $1.00 per share. The Company would need to maintain this minimum closing price for 10 consecutive trading days. The Company believes it can meet the minimum bid-price requirement through a reverse stock split, which it has the authority to implement. The Company has also submitted a listing application to the American Stock Exchange.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by at least 10 minutes. To get all Knobias alerts in real-time daily, visit http://www.knobias.com/cmtx
billy QQQ broke lower Channel today
Gotta get some rescue on 1 month slop here or bye bye....
JRVR smooth slide downhill
ask drops cleanly while bids lowering faster.
Wouldn't wanta be on that train ride outa Dodge. If on
then I'd await a low entry point to ride up.
If not in I'd wait for solid break higher else risk flat time.
LQID 1:250 then 35:1
DFRC chart if chance, thx
LQID $6.5M cap. Wasn't this an E little while back? $0.30 +.02
on 29M vol
7/16/04 - L Q Corporation, Inc. Announces Reverse and Forward Stock Splits to Take Effect on or About July 19, 2004
NEW YORK, Jul 16, 2004 /PRNewswire-FirstCall via COMTEX/ -- L Q Corporation, Inc. (OTC Bulletin Board: LQID) (formerly Liquid Audio, Inc.) announced today that the Company's 1-for-250 reverse stock split, to be immediately followed by a 35-for-1 forward split of the Company's Common Stock, will take place at the close of business on or about July 19, 2004, with an effective date of June 8, 2004. The reverse and forward stock splits were approved by the stockholders of the Company at the Company's 2003 Annual Meeting of the Stockholders. Any fractional shares resulting from the 1-for-250 reverse stock split will be converted into the right to receive cash equal to the sale price of the fractional shares on the open market. The company's transfer agent will deliver a letter of transmittal and related instructions to the stockholders or their brokers/dealers, as applicable, in connection with the reverse and forward stock splits.
As of June 7, 2004, there were approximately 23,176,858 shares of the Company's Common Stock outstanding. After the effect of the reverse and forward stock splits, approximately 3,190,180 shares of the Company's Common Stock will be outstanding.
legal ho brothels in GB?
Hope they use Martha's bedding.
(CBS/AP) Brothels in England and Wales could be decriminalized and licensed, the government suggested Friday as it published a series of proposals for discussion.
Under current law, it is not illegal for one person to operate as a prostitute from an apartment, but brothels are illegal.
more
http://www.cbsnews.com/stories/2004/07/16/world/main630212.shtml?cmp=EM8706
DFRC chart USCI toilet water 0.0001
Get 'em while still hot & wet.
billy - neat Martha snap!
Baking cupcakes at Camp Cupcake. Can weep on cue.
She's got some onions on her!
CSCA see Spread!? IIP has S-8
CSCA gonna run big after they resolve this.
Forget to mention the biggish S-8 still out on IIP. That is
the downside pressure.
DFRC 0.0007 -22% FONR drop, ADSX PR
Ideas...charts
FONR had fast 0.92 early months & back up to stall 1.25
Slipping lately tho PRs all the time on big Mil $ stand
up MRI machine sales to hospitals & GE.
IIP drop too amazes me. Did RS and thought that would help
reduce big OS. Was INAP on Naz/NSC
Cisco connection and a Japan one. Moved HQ from Seattle to
Atlanta which went well - more biz in GA area.
Has Qtrs of earnings growth and VOIP market. Heck even powers the Naz (rem all the outages that have stopped lately). Not in either now. Fast when move tho.
ADSX PR just now.
Applied Digital Solutions' CEO Issues Invitation to Shareholders
Friday July 16, 11:01 am ET
DELRAY BEACH, Fla.--(BUSINESS WIRE)--July 16, 2004--Applied Digital Solutions (NASDAQ: ADSX - News), an advanced technology company, issued the following Invitation to Shareholders today:
Dear Shareholders:
Applied Digital has changed dramatically in the past year. We have satisfied all of our (parent company) debt; we have strengthened our balance sheet by over $100 million; we have severely cut operating losses and we have fixed our capital structure.
These are very significant accomplishments, but the biggest accomplishment - LONG TERM SHAREHOLDER VALUE - is our greatest challenge - and our main focus at Applied Digital.
When I took over as the Company's CEO in March of last year, I looked at the opportunity in a similar fashion to the way that a new football coach does when he takes over a team. Building a talented team, preparing the players properly, and winning are all important, but creating a successful, long term Champion is the ultimate goal. With almost 1-1/2 years and the above-referenced milestones behind us, my focus now turns squarely to developing and redefining the company to create long-term success, and as a result, sustained shareholder value.
A review of our current product lines and intellectual property yields two significant (yet greatly unrecognized) trends: 1) A significant portion of our revenue is from governmental entities (U.S. and International); and 2) Security for people, animals, food chains, telecomm infrastructure and government and commercial assets is the lion's share of our business. This is where our future lies.
Please join me for a closer look at our Company, and the unveiling of our streamlined business model and new corporate image on Saturday, July 24, 2004 at 9:00 a.m. at the Delray Beach Marriott for our Annual Shareholder meeting. I look forward to seeing you there.
Sincerely,
Scott R. Silverman
Chairman and CEO
About Applied Digital Solutions, Inc.
Applied Digital Solutions is an advanced technology development company that focuses on a range of life-enhancing, personal safeguard technologies, early warning alert systems, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. Through its Advanced Technology Group, the company specializes in security-related data collection, value-added data intelligence and complex data delivery systems for a wide variety of end users including commercial operations, government agencies and consumers. Applied Digital Solutions is the beneficial owner of a majority position in Digital Angel Corporation (AMEX: DOC - News). For more information, visit the company's website at http://www.adsx.com.
Camp Cupcake in CT unreal!
And maybe never serve any time at all. She may walk on
the ankle bracelet routine if even that.
Sure wish I had that kind of money.
Justice isn't blind. It's just on the take.
Thnaks for RT Nasdaq feed - refreshes, neat.
IIP ERTH all dropping. BFUN ECGI slipping.
Buy MSO
or CYTL ADVC to avoid my going to debtor's prison.
Oh maybe some THTHF too...lol
Martha wins: Camp Cupcake or Camp Fed
MSO 10.06 +1.42
Rich get richer....rest get ?
TSRG SEIH GBMI 3 baggers LOL eom
MRXT ?? early 300K? 0.0275
ITDJ watching
guacamole with their chips...don't get it? guac is always served with bid corn chips gor dipping.
Micro chip implanted in arm....corn chip...see play on words?
ACHI low ADX nice
Like that very low black ADX line. Gives room to run if price rises on strength. DM+ has crossed > DM-
Bit pricey for me. LOL
later, gotta peg some plays. Cheaps still looking brutal.
PS ADSX (unmentioned by name) was in Jay Leno's monologue
last night. He related the Mex people getting chipped and
pointed to upper right arm. Kicker was that now they can
have guacamole with their chips.
Good audience laughter.
+IBM balls to the walls
Go QQQs. Wage growth -0.8% so no wage inflation. Seems class
warfare is paying off - for someone. Futures strong.
No active players yet. In Pre O:
CESY ITDJ weak, may rebound. IVHO GWAD? active day?
GYFI sick. Bear/Bull funds are split even suggests flatness.
Cuts to the Core 0.1% LOL
Silly Brit started my day on a laugh:
LONDON (Reuters) - A British man who accidentally shot himself in the testicles after drinking 15 pints of beer was jailed for five years on Tuesday for possessing an illegal firearm, a court spokesman said.
David Walker, 28, was arguing with a friend at a pub in South Yorkshire, northern England, when he went home to get his sawed-off shotgun, which he jammed into his trousers.
But as he walked back to the pub, the gun went off, blasting pellets into his testicles. Doctors later removed what remained of his testicles during emergency surgery.
Walker admitted possessing a prohibited weapon at a hearing in June at the court in Sheffield.
© Reuters 2004. All Rights Reserved.
China 9.6% slowest in 3Q helps USA
Sees 8.2% rst of year as slowdown takes hold - Bloomberg.
These are iffy figures and their interest rates are actually
negative-low causing series of bad debts.
Slower growth 2H means big build in inventory so they dump
cheap goods on US, and lessen their demand for steel & oil
hence lower prices for US consumers and our factories have
less competition for those 2 resources.
China retail sales up but considering high inflation, it
is really flat Y/Y at usual 7-8%.
Nikkei -52.78 but US futures up a bit now.
May get a Friday sucker rally to draw them in, then dump at
end of day "not wanting to hold into the weekend". And drop Monday to keep fear intact and money markets stay in cash.
Triple Witch Friday & some Eco reports. Nite all.
story: Semis overvalued SOX 150/200
SAN DIEGO (CBS.MW) -- Wednesday's column on whether much of tech is a ticking time bomb, with one source's forecast of the Philadelphia Stock Exchange semiconductor index, or SOX, falling to 150 to 200 from its current perch above 400, didn't cause the typical "Greenberg you idiot" response I would have expected.
http://cbs.marketwatch.com/news/story.asp?siteid=mktw&dist=nwhpm&guid=%7BF1E79F0E%2D2F8E%2D4...
-----------
Interesting for way arrives at conclusion using fundamentals.
Sees corrct unless some sub-minature nano tube thing suddenly
creates runaway demand.
Ah the 90s.
later
ACSH going back in?
Sorta looking like a flush out. Question is how much do they
have to dump. No DD on it as to AS/OS Insiders holding (ya, right, they all be in Brazil by now). Velocity of move today with Tick Candles showing smooth decline in ask and raggy
bid steps down.
That's sign of unsure buyers while sellers have lots to dump and don't care if advertising doing so. Whereas buyer is
trying to just get out of the way.
One of smoothest slides down I've ever seen. Clearly had a
load to move thru intestine.
Have to watch & see if strong rebound for it. In which case lesson learned. If splashes in the bowl more, well she's
got da runs along with whole market.
Usually more bumpy than this. Sellers tend to put up more of a fight rather than just give up. Tad window dress at end.
IBM in so so. Less Revs but shares up. PMCS Ok too.
hmmm be interesting to see data news on Fri am for China and other such Eco info.
later then...nice day and thx for that whip chart.
ACSH 0.0014 day power dive eom
Yup and BLYC 0.02 auction thingie
Seeing this old dog limping. It had following as it has
the AAC type of model except more of a bartering deal.
People barter over Net.
Haven't followed it or DD lately. Strickly hit an
alert for low down. Think it briefly died low back when and
did fast runup - but maybe after AAC got away up and some
went into this for a cheap lesser play.
Can be thinnish. Not much PR lately. Was pulling deals
in there for awhile.
Glad liked - nice Whipsaw chart above
Right, that's a deep but clear article. Lot weight to
downside. We may need that nifty whipsaw chart you
slapped on above.
Recognized it even in sub sub pennies lately! Now
really clear for me.
Thanks.
billy, LINES in the sand article
By Peter Brimelow, CBS.MarketWatch.com
Last Update: 12:58 AM ET July 15, 2004
NEW YORK (CBS.MW) -- This appears to be a side-winding market -- but who is it going to bite?
Dow Theory Letters' endlessly creative Richard Russell wrote recently:
"I haven't written about lines for years. Robert Rhea, the great Dow Theorist of the 1930s, stated that a line existed when the Averages held within an area of 5 percent or less for an extended period of time. A line is an area in which either quiet accumulation or distribution is taking place. The problem is that we don't which one is the stronger. We have to wait, which means that we only know when the averages break out -- either above the line limits or below the line limits."
Curiously, this line seems to be an international phenomenon. The respected institutional service Bridgewater Associates said on in its Daily Observations on Tuesday:
"Looking around the world, it is hard to find many compelling bets. Most markets are discounting conditions that are at least reasonable, or close enough that you would have to squint to see the value. As a result, almost all markets are stuck in sideways trading ranges. Money is being made by trading against the trends when pricing reaches something approaching a misvaluation... Money is lost by following trends, which is what most people do."
Richard Russell, needless to say, is prepared to trade against the trend. He says:
"I'm going to break Rhea's rule, and jump the gun. I believe the averages will break out to the downside. I say this because my advance-decline line of the Dow is breaking down. I say it because my High-Low Index is deteriorating. I say this because my Big Money Breadth Index is weak. I say this because Lowry's Buying Power Index is in a "head-and-shoulders" pattern and is on the brink of breaking support -- at the same time Lowry's Selling Pressure Index hit a low on June 23 and has been trending higher ever since. I say it because the VIX [The Chicago Board Options Exchange (CBOE) Volatility Index ($VIX: news, chart, profile) has been low, indicating investors are complacent. I say this because the Dow ($INDU: news, chart, profile) has still failed to confirm the succession of new highs in the Transports. Lastly, I say it because we're in a primary bear market, and in a bear market most lines end up breaking to the downside."
Wednesday night, Russell added that "VIX tells me that nobody's buying puts, meaning that nobody thinks this market could be in trouble... Maybe I'm too far away from Wall Street.
"But Wall Street's having its own troubles. Merrill closed just off its low for the year, Morgan Stanley at a new low, Goldman just off its low, JP Morgan falling out of a 'head-and-shoulders' top today. Schwab absolutely collapsing..."
However, it's worth noting that another market veteran with a substantial Wall Street following, Don Hays of Hays Advisory, expects the break to be to the upside.
Under the pretty explicit heading, "Building a launch pad," Hayes recently wrote:
"Back in my old days when we were testing rockets in the Saturn V program, we had this neat count-down, and when it got to T-10 your alert senses really started to quiver. Was everything going to come off as predicted, as calculated? More times than not, they did, so the more you ran these test lift-offs, the more confident you became. That's a taste of what it's like to predict a lift-off in the stock market when you have a well-constructed platform of psychological conditions (i.e. Rydex ratio), monetary conditions (i.e. yield curve) and relative valuation (i.e. the IBES/First Call Model of relative valuation.)"
In June, Hayes argued with remarkable precision that we are in the second, sideways, phase of a new bull market that began Oct. 9, 2002: "I expect this second phase to last for 5-9 more weeks -- until the end of July, or maybe as late as the end of August."
Ultimately, Hayes expects "a super strong new cyclical bull market to emerge that will last until 2008, and excite investors as much as they became in 1999-2000."
No wonder Wall Street likes him!
Editor's note: Peter Brimelow
MoMos hurting CPST XYBR
Seeing these 2 flyers down on block trades.
Might be getting toward climax time soon. Days and days.
Or weeks and weeks. Months?
Killing me softly with my bong.
What did Art Cashin say years ago. "Those that the
market can't drive out it wears out."
PLRS plunging now 0.27 on Vol
Vol up as side sets in <0.30 Could be heading for final
flush. If this doesn't reverse (most bios weak now), well
that's another Sucky Sector.
Financials, Security, Bios...nowhere to hide.