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Do you know that almost without fail your posts are posted twice?
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yup. don't know why. I emailed Ihub. They never replied.
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Email them again.
On second thought you already did!
<bg>
(sorry, I was too weak to pass on the opportunity...) <g>
INTC just printed HOD...
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I would hunt down anyone who green-lighted the Aztec and send them to jail for life.
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<bg> Why? Every time I see one on the street I still get a good laugh. (Or at least a chuckle if I'm in a bad day...) </bg>
Honestly. Even after 2 years of seeing the contraption around I still cannot get around of how ugly it is...
Good comments!
Huluriasquias.
The distinctive advantage of Rydex and proFunds is that they let you go short and/or get leverage in accounts that don't normally allow for that. i.e.: Retirement Accounts.
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Case example: I was short DIA on 5/15/03 and covered 5/16/03, ex-dividend date is 5/16/03, record date is 5/20/03. Seems to me that if I had no position at the close on 5/16 I should not be liable but the broker says the day before is what matters.
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In your example: if the ex-dividend date is 5/16/03 that means that DIA traded "without the dividend" (that's what "ex-dividend" means) the whole day 5/16/03. That means that you are responsible for providing the dividend for being short overnight between the last day it traded with its dividend attached, (5/15/03) and the first day it traded without it. (5/16/03)
Record date is irrelevant in this case.
Note: This analysis is based in the dates you provided. I didn't check their accuracy.
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I expect another hit today later in the day and thus a close under 1492 today and maybe another 20 Naz points down tomorrow.
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I love it when you talk dirty! <g>
Huluriasquias.
OT:
No. I made it up (for other uses) so it would be difficult to pronounce in Spanish even though it has many vowels. (And Spanish names with enough vowels are very easy to pronounce)
It is inspired in Basque last names, but I'm not Basque. Neither do I know of a Basque surname similar to this.
Huluriasquias.
(you can call me hulu) <g>
This is the one I use:
http://finance.lycos.com/home/livecharts/default.asp
It's free but you might have to sign-up (to Free LiveCharts™ Trial) to be able to access historical data.
Once you did:
- Select ticker.
- Select time interval (with "int" pull-down menu)
- Press the button "Chart" and select "Export Chart" and "Bar Data to ASCII Text"
That's it.
Huluriasquias.
Interesting.
I'm short BRCM@16.41 for valuation reasons.
This could be "big" news Monday. (I haven't seen it today anywhere else yet)
Huluriasquias.
Not really.
QQQ closes at 16:15 instead of 16:00, and yesterday it climbed approx +0.35% during those 15 minutes.
That's the difference you see today.
Huluriasquias.
LG,
one short comment:
DSL uses the same lines as your modem. If you have a lousy connection it will also affect DSL. Have your technician fix the lines so that you get at least 48K from your modem otherwise you'll have similar problems with DSL.
Huluriasquias.
On Edit: I read that your DSL is running well. Maybe the filters isolate the bad stretches of wire. I would have those wires looked at though...
Joe,
just a quick message to let you know that I have used MaxPain (in Mish's "soft" version) with great success several times in the near past. (Last month I recognized earlier on that it was going for delta hedging and did nothing)
The trick is to understand the limitations as explained by mish in his message.
Basically the way I use it is:
If QQQ is (no more than 5% or so) under maxPain 1 1/2 weeks before OE I bet that QQQ is going to "touch" that value at some moment in that interval.
The inverse if it is over maxPain.
Not earth-shattering but it provides a tradable edge.
Huluriasquias.
QQQ Volume compared to yesterday.
9:30 to 11:30 --> +109% compared to same interval yesterday.
11:30 to 13:10 --> -39% compared to same interval yesterday.
9:30 to 13:10 --> +49% compared to same interval yesterday.
What does it mean? Damned if I know.
It looks like the powers that be are gapping the market up to distribute inventory.
(And this week we had two such days. Monday being the other one)
Huluriasquias.
Just remove the ">" from the end of the URL
Honestly I have no idea.
This market should go lower due to the (not good) war news but it doesn't...
Huluriasquias.
Dismal QQQ volume.
9:30 to 10:00 --> -44% compared to yesterday's same interval.
9:30 to 10:30 --> -62% compared to yesterday's same interval.
Yesterday QQQ volume was the lowest of the last 12 days.
Huluriasquias.
Their stated goal is to match the day-to-day changes in the indeces, not long term, so what you say might easily be true.
A year ago somebody (sorry I don't remember the handle) said in one of these boards: "You must treat Dynamic Funds as oscillators"
At first it made no sense to me but those are truly words of great wisdom.
Huluriasquias.
Just a heads up:
MSFT closed at the LOD.
I don't know what formation it is (if any) but MSFT's last 4 daily candles sure look ugly...
Huluriasquias.
Ooh, ooh.
A n e g a t i v e rumor.
I thought that all rumors were positive.
Tide is changing. (And I mean market tide)
Huluriasquias.
Not exactly what you asked for, but it might help.
QQQ volume:
9:30 to 11:30 --> -36.5% compared to same period yesterday.
11:30 to 1:10 --> +2.9% compared to same period yesterday.
Overall so far: (1:10) -25% compared to same period yesterday.
Yesterday's QQQ volume was the lowest of the last 9 days. (And today will probably be lower still)
Huluriasquias.
Agreed 100%
Something is about to happen or is already happening.
There's been a complete news blackout for over 24 hours now. (You can tell by the "quality" of the news shown)
I have no privileged information, but from the little I can read between lines this is my guess:
- US army has spread itself thin in its rush to reach Baghdad. (There'll be more troops going to Iraq in the near future: they are needed to consolidate the positions taken)
- Iraq is taking advantage of the sandstorm to stage the first large counter-attack with those mechanized columns reported as going south, and possibly turning west to attack the already extended supply lines.
If they succeed it could grind the invasion to a halt at least for a week.
Again: these are just guesses, but be careful. (Meanwhile the market meanders happily onwards)
Huluriasquias
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noted the sudden jump in puts buying, a chunk of 40,000 contracts or so, is it real or is it a single big QQQ leaps chunk gain
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There was a 1,000,000 shares block of QQQ traded at 10:19. Probably another manifestation of the same (complex) trade.
Huluriasquias
There could be several explanations.
One is that the market looks 6 months in advance. (or 9, or.. take your pick)
With the war effort going "on schedule" the market is discounting cheaper oil prices six months from now which could help re-activate the economy.
This perception can (of course) change at any moment.
Huluriasquias
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i find it interesting/strange/peculiar that the spx and dow beat out the total gains in the nas. this is very odd and im not sure what it means
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This was a very atypical option expirations week.
I understand (too lazy to confirm) that while QQQ (NDX) was 2 points over MaxPain, SPY, and DIA were only (very) slightly over. That would explain the capped performance of the NDX.
(It would also imply that NDX catches up this coming week...)
Huluriasquias
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you mean horrific like the world trade center,pennsylvania fiels and the pentagon attack???
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And I thought that after all this time it was vary clear to everybody that Saddam had little (if anything) to do with 9/11...
For an explanation of the place of this "war" in the big scheme of things please refer to the excellent article:
http://www.investorshub.com/boards/read_msg.asp?message_id=859419
that was posted in the Zeev Talk Politics Board.
(In which ALL these posts should be placed. Including mine)
I think that today for once TA is going to trump news. (That S & A left a bitter taste in too many people stomachs it seems...)
I think this all goes to prove that you cannot have war on TV.
More than "Shock & Awe" this is "Shock & Alienate".
I hope this marks the top of the market too...
Thank you.
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but perhaps Iraq is really unable to mount any defense, and they WILL fold before any serious fighting takes place
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Here I respectfully disagree. Somebody with 300,000 loyal troops, intermingled in a big city with its population that was not allowed to leave, and with the international community ready to scream bloody murder at the first sight of civilian blood is in a position of strength, not weakness.
Communication centers, and TV stations are being bombed, but electricity is not touched. Why? Maybe because they are trying to obstruct internal communications, but leave a means to receive American propaganda. Why would they say that they are having surrender talks with “high members of the government” if they are still going on? Only to create uncertainty, and suspicion among Iraqi ranks.
If this works I agree it’s going to be best for most people, but if it doesn’t (and I don't think it will) the alternatives are far more costly.
There's something fishy about this war, and only today I was able to put a finger on it.
It's the biggest disinformation campaign that I ever saw.
Everything you hear on TV is aimed to make Saddam surrender, (fat chance) or to cause a Palace coup.
The famous "Shock & Awe" tactic is not really an option (that's why they are forever postponing it) as it would only shock the already adverse public opinion at the sight of more than a dozen of civilian deaths.
(Only previous use of chemical, or biological weapons by Saddam will allow a "Shock & Awe" response)
That's another reason (beside lousy internals) the market is not really soaring. Right now they are pussyfooting, and gambling with a Saddam removal in face of all the display of force.
I wonder what they are going to do when 3 or 4 days pass by, Basra has fallen, (or not) Baghdad is surrounded, but Saddam remains in power. Are they willing to enter with blazing guns, and risk unanimous disapproval from the international community?
Idle thoughts of an idle mind... (With apologies to T.S.)
This is a list provided earlier today by mlsoft:
http://www.investorshub.com/boards/read_msg.asp?message_id=850544
Huluriasquias
(And yes: they are always the same stocks...)
Those are 3-day-patterns.
Tomorrow's candle is undefined.
Huluriasquias.
Intra day distribution of volume skewed by FOCM meeting.
Projected QQQ volume: 91 Mil. Much lower than Yesterday's 137 Mil. and very close to Friday's volume.
(It's seems that this market won't be allowed to close red, even in a consolidation day. Disgusting... BWDIK?)
Huluriasquias
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What they really said was that if Chemical/Biological weapons were to be used, they would enter the war - on Saddam's side.
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No. No. No. No. What they really said is that if Saddam uses Chemical/Biological weapons they have already entered the war. (Because they supplied them) <g>
Mish,
where do you see maxpain after today for QQQ?
(Other than in the body part sitting on my chair...) <ng>
TIA
Huluriasquias.
(Bonus question: <g> How do you see the chances of reaching it?)
I don't follow SPY.
(I don't see any trend down in QQQ)
QQQ Volume:
From 9:30 to 11:30 --> +56% compared to same period yesterday.
From 11:30 to 13:30 --> +63% compared to same period yesterday.
From 13:30 to 14:00 --> +134% compared to same period yesterday. (This is only 1/2 hour)
It looks like we are going to top Thursday's volume. (128Mil total on Th., 109Mil Today so far)
(As we haven't moved much since 10:30 I smell distribution, but what do I know?)
Huluriasquias
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Zeev, how come that bear suit never has a head on it?...g
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That's easy.
He can zip his bear suit up to his neck, he can don shiny bull horns, but the head better remain neutral.
(Easier said than done, of course) <g>
It seems to be V E R Y Slow.
But I was able to get in without (other) problems.
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and possibly an EOD short covering tactic.
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FWIW I'm not expecting EOD short covering today. Maybe the opposite.
Friday EOD ramp has been working like clockwork for the last 4+ weeks, but today I'd guess that traders are net long, not short.
But I'm still deep into the chimney, so what do I know? <g>
Huluriasquias.
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This candidate is too logical to get elected! And if he were, the IMF wouldn't cooperate.
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Don't worry. The chasm between pre-election talk, and post-election deeds is far wider in Argentina than in USA.
BTW: Kirchner is the candidate that best fulfills the "Image" requisites of the "USA school for presidential candidates". I expect him to be elected only for that reason.
Huluriasquias
IN EDIT: Ooops! this sounds like a political post. (Although Argentinian...) <g>
I'm too talkative this morning. Maybe because I'm nervous with the -2xNDX Rydex position that I took at the close yesterday. (Which is more like -160% because I kept some cash too)
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I think this Nassacre is led by the Dow, not the Naz (note that the Dow has already breached the Phase I expected low of 7490 by 100 points)
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Zeev,
if the Nassacre is led by the Dow, and the Dow has already breached its expected Phase I lows. Isn't possible that the Phase I has already finished, and what we are seeing now is the "short but violent rally" between Phases I and II of the Nassacre?
Just playing Devil's advocate here...
Huluriasquias.
(PS: I know that anything is possible, but what probability you assign to it? <g>)
Warp,
you need to get info from people already trading Dynamic Funds as many times they don't operate exactly as advertized.
I have 2 accounts in which I trade Rydex dynamic funds: one directly in Rydex, and another in E*Trade.
Rydex:
Minimum to open an account: $25K. Once inside you can trade any quantity and make redemptions without any charge, even if your principal falls beneath $25K.
(Note: I called them to transfer an IRA for a friend, and I told them that it didn't reach $25K as it was a new Roth IRA. They told me that that minimum COULD be waived. I never did the transfer, so I don't know if they would really do it. It doesn't hurt to ask. Just don't quote me!)
E*Trade:
There's a minimum to trade Rydex, and I'm not sure whether is $15K or $25K. (sorry) Now once you get into a Rydex fund, the trick is not to sell it, but switch into another fund of the same family. If I want to go flat I switch half the amount, and have same value in 2xNDX and -2NDX cancelling each other. (Or any position in between)
There's no charge for switching between the same family, and no charge for redemptions. (selling any amount of Rydex fund for cash) They advertise a nominal fee for early redemptions, but they never charged me it. (And I do them all the time)
Hope this helps.
Huluriasquias.