Ike, I pointed the link you provided to the article
you wrote in the www.Iranian.com site. Everyone
who read the article was so impressed by your article plus
your insight into the Middle East that they pointed the
link to their friends,and others who are teachers for their students
to read. They also asked if it would be okay to
repost some of your other writings on your thoughts
about the Middle East and the conflict from your viewpoint.
So I thought I'd ask you first for permission, as they want
to learn as much as the can about Islam, from someone
who is very knowledgable on the subject.
Thanks

Marketwise where do we go from here?
Well we have obviously entered sideways
action short term on QQQ,OEX,SPX.
OEX and SPX broke the numbers posted
before. Indexes tested the 40 day ema,
and are now sitting on supports of 1058
for SPX and 536 for OEX. These support
levels are critical to maintain. A break below
and we revisit 487 for OEX and 957 for SPX.
Maintaining these present support levels
and a test past the 40 day ema into
1142 for SPX; 584 for OEX short term.
Next week I would expect will tell the story.
QQQ at this point could go either way,
it's stuck between 33.6 and 30.75.
A break above 33.6 and 36.8 is in the works,
but a break below 30.75 and 27.6 is the result.
All closing day basis.

Kim, when it comes to wartime fighting, a great
many things happen behind the scene that we
will never know about. Bush looks to be
doing everything just right. So he must have a
lot of quality advisers. Using the experience
of many world governments, should make this
battle considerably easier.

Everyone has a right to an opinion about bubbles.
I rather keep them in soap bottles, where they belong.
Steady controlled growth is the name of the game,
with minor corrections. Would be nice to get back
to a normal market without bubbles.

Ike your analysis of the situation seems right on, as usual.
Thanks for the indepth posts on the Middle East along
with your market posts. Looks like the Taliban are increasingly
isolated from the world, and the terrorists are on the run.
Thanks again.

SPX and OEX back to sideways action.

The sustained down move from Sept.5 in SPX and OEX has now
changed today to sideways. Now if we can base form and break
above 1050 over the next while then we'll be in better shape.
1050 on SPX and 540 on OEX.
QQQ still in downtrend.
Supports same as yesterday.

For those interested:

Need another close above 1005 for SPX for a sideways action
Support number short term 956 for SPX.

Need two closes above 30.5 for QQQ for a sideways action.
Support number short term 27.6 for QQQ.

Need another close above 514 for OEX for a sideways action
Support number short term 486 for OEX.

Not sure if these numbers are the same as Ike's but they are
what I have.

Bin Laden family owned shares in Biomed firm.

http://www.bostonherald.com/attack/investigation/fami09252001.htm

Sarals, I would say try reading Ike's guidelines
for this thread, and you will find that this discussion
follows within those guidelines. We would be
rather shallow individuals if our only modivation
was making a buck, and how we can make
a buck out of this tragedy. All the quality
investment threads have this as a major topic
as well as where we are in this market cycle.

John,
The people who lost their lives in the WTC were
people exactly like those on this thread and
many other investment sites. Many of us on these
investment threads actually knew some who died.
So off topic? I don't think so. But it is near the time to get
back to life. So get back on the planes, they are losing
enough money as it is.

Inho Kim, all things we have seen before.
This last bubble has a direct correlation
with the age of the individuals doing the so-called
investing. Mostly young, mostly naive, never
seen a bear market. Never seen the bubble in the
gold stocks of the late 70's. This was the tulip bulb bubble
all over again. Those who saw it for what it was,
profited handsomely on the way up and the way down.
They will profit again from the herd(naive) dumping, while
they're buying during the past week.
All things remain the same. The herd panics, while the
true investors make money.

AlienTech, post is one sided propaganda.

Easy to blame all the worlds wrongs on the US,
as long as the facts aren't looked at.
Odd that Christians,Jews,Muslims,Hindus,and many
other religions can live in harmony within the US.
Even atheists are accepted. Although the States
isn't perfect, compare it's system of justice, freedom,
one person one vote with many other countries.
In the US you can be whatever you choose to be.
No restrictions of class, royal ancestry,or race or religion.

Can you point out one country that is it's equal
in it's compassion, fairness, equality, no matter
the gender, or ethnic background.
You probably can point out a few western countries,
but not many eastern.

That's the real reason for any hatred of the US and
the West by these people, who would think of nothing
of slaughtering millions of their own peoples lives
in the name of holding their own oppressive position.
If they can point to the illusion of the US being the culprit,
they can fend off any finger pointing towards themselves.

That's the real purpose.

Ike, thank you so very much for your thoughts on this
coming war. Many of us westerners are rather ignorant
of the dynamics and complexity of the Islamic
World. Your writings have inspired me to read as
much literature as I can on this subject, and what you
said about Pakistan, Iran has proved to be very accurate.
I also think this war will be hugely successful for the US
and Allied Forces. The Kyber Rifles are lining up against the
Taliban along the border. A famous unit from the
days of the British Army. Many Afghans are lining
up on the side of the US, Northern Alliance.
This monster Bin Laden and his band of assassins
shall soon feel what it's like to be hunted.

I'm getting very bullish on the future of this market.

Regards

Truth-Seeker, one of the toughest things to do, is to be all
things to all people. Face it, all of us even the bears deep down
are bulls. It's human nature to be bullish, through floods,wars,
environmental disasters, and holocausts. It's the human spirit
to get up when we're down, dust ourselfs off and continue
on, for tomorrow is a new day.
Ike, I admire because he reflects that human spirit; that everything
is not as bad as everyone thinks. He has always in the years
I've read his posts reflected a note, that it is always wise to cover
oneself in case of a downside move.

The problem with looking at the market. There is the very very long time
move; the very long time move; the long time move; the medium time
move; the short time move; and the very short time move.
Myself as a trader and investor, whenever I take a position in the market.
I never mix and match the thought process for a short term trade
with the thought process required for a very long term trade.

Ike's levels happen to be right on mine, they may be one or two points within
the actual level the market hits. No one is that good that they can pick
the level to the fourth digit. At least no one on this Earth can.

Ike has easily dealt with criticism many times over at SI; but there is
a line in the sand; if crossed that anyone including yourself, would not
put up with. I think any of us would leave a site, if we had to put up with
that final insult Ike had to put up with. I agree with Ike entirely. Good luck.


Regards

Aud2rey, maybe the problem is with SI, and I totally
understand his reason for leaving that site.
Nothing stops Ike's true friends from SI posting here.
It's also an opportunity to make a better site at this location.

Regards

Jenna, I don't think he knows the significance of the market activity
the past two days, and why all attention is on the indexes.

Regards

Jam, can you pick one stock? Must be that
you're not very confident with your own ability.

New alias again?

Jenna, thanks always for the great posts and picks.
Your posts give all of us a heads up on the many
opportunities out there. Thanks again.

Jam, there is lots of interest from all us lurkers
over this thread.
You might go to the SI site if you want
to shut down lack of interest threads.
Many one post a day threads there.

Disco, it's easier than you think, just a matter
of not hesitating. Should be a straight mechanical
trade. If your in calls expecting a move up off
the support and it breaks support. Just dump the calls and
reverse with puts for the ride down. Stop yourself out if it
returns to the old support. Otherwise ride the move.
At least you're on the right side of the trade.

Disco, yes you could say I have traded options.
I was in puts on the indexes before the crash
of 1987. So yes you could say I have some
knowledge on the subject. Now why would
you not buy puts on a falling market?
Please explain.
For your interest also traded futures and
futures options for over 20 years.

Thanks for the numbers Ike. Regards

Disco, Ike was right on with those numbers,
happened to also be the same as I had.
You must know that sometimes support
does break periodically. Ike's
support level was a great place when support
was broken to enter puts for the ride down.
So Ike's numbers are right on.

Fred, thanks for the reply but the post wasn't intended
for you. I'd prefer Ike to respond as his insight I have
followed for years.
Glad you have observed that it's a bear market.
When did you notice it was a bear market?
Was it before or after I did?
Why 7500? What is the fundamental analysis
you did to come to that conclusion?
You are aware that we have been in a 300 year bull market,
and these are nothing more than corrections in this long
term bull.

Ike, thanks for the many enlightened posts.
Very refreshing reading someone with optimism
towards the future. Certainly no shortage
of bears out there.
I'm seeing the fundamentals improving, but the
technicals are still lagging.
What's your opinion on the length of this bear
market?
At this point I am seeing some diamonds among the
coal, trying to determine the best time to reach
for the diamonds.

Thanks again for your posts.

Regards

Ike, great to see you. Long time lurker at SI since 1996. Good to see you here
at IHUB. Yours and one other, were the only two threads at SI I followed.
Your market insight has been a great help over the years. Looks like
IHUB has the two best threads on SI here now. Best to you and your family.

Regards

Jenna's on holidays, watching tennis I believe.

Regards

Nice trades in the tech. stocks for the week.
Pulled the plug on many of my shorts friday.
Waiting for fresh signals this coming week.

Jenna, as always thanks for the great work.

Regards

Jenna what's your opinion on AOL and FLEX?
Charts look a little on the high side.

Thanks

Smchan, here post this over at your other site along with my
other posts you placed there. Seen as my other post to you
was eaten by my computer. This is a short one.
Sorry to disappoint, but I don't know Jenna other than from
her excellent posts over the years at SI. I've posted there
infrequently since 1996, just lurked. I'm posting only
because I am tired of seeing the quality veteran posters
being treated badly by the newbies there. I would
love to see more of the veterans come here to IHUB,
if they're tired of the constant attacks.
Regards

Jenna, how are you? Good to see you back. Can't believe the jealousy over on
the SI threads. Everyone here missed you. Thanks

SI threads sure miss Jenna. What's happening to that site? It used to be
great years ago. Too bad.

Littlelamb, there were only two threads I followed on SI
Jenna's and one other. Your post is off topic from Jenna's
guidelines. The thread is about stocks and the market,
please stay on topic. Thanks.

Smchan, never heard of ED L but the person the message
was addressed to is not high in Jenna's books.
He isn't high in my books either.

Regards

Heard last week that she would be.

Regards

Smchan, that isn't true. Jenna away on personal matters.
That rumour was spread by those not high on Jenna's list
at SI.

Regards