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LG: Thanks. Creepy as it is, that's not a new opinion for him.
If you come across anything that looks like a way to deal with 'the citizenry, the voters' that doesn't seem like an immediate leap to a short barreled personal defense device, I'd love to see it.
Failing that, we could all use code words for a drinking game tomorrow night. I'm thinking "Change" would have me out of whiskey by 10pm ET.
rr
LG: Anything new/specific, or just more of the same he's been saying?
rr
aj,
Thanks for keeping this board the valuable resource it is, for so many of us.
No matter how easy you make it look, it isn't, and I'm grateful.
Regards,
rr
I can't help but think that you're a fool to have the need to do as you do.
Horseshit piled a mile high everywhere, and you think this inch more makes a difference.
sad, really.
Good luck trading.
rr
Thank you for coming to a sane conclusion to this subject. I was wondering how long and loud it would get. Seems to happen everywhere it takes root.
Good trading,
rr
I am really so tired of the political spun crap on these boards.
Please stop.
OT: Well, here's an interesting perspective on this topic
http://www.observer.com/2008/politics/erica-jong-tells-italians-obama-loss-will-spark-second-american-civil-war-blood-will-r
Bull runs are so boring ...
rr
Odd, but I thought exactly the same thing at when I read the post.
Still need to keep it contained, though.
Would be too bad, too. How does martial law work in the US?
rr
LG: Sorry to hear the news.
Integers going negative at the 2billion mark implies the use of signed 32-bit integers. Why the programmers did that for a value that should only be countably positive is 1) sloppy or 2) they had something else in mind for the sign/top most bit. I'd vote for 1).
On the other hand, if there are already lots of 2 billion plus share bars, soon, there'll be lots of 4 billion plus share bars, and then, probably, TS software won't work at all.
I'm so tired of bad software being caused by poor management doing poor oversight and even worse investment decisions. Doing this technical stuff is hard enough without that 'help'.
So, whadda' ya' gonna' do?
rr
in edit: changed 'days' to 'bars', and wanted to add 3) shortsighted "We'll never have a 2 billion plus share bar" ...
rr
uuummmm ... holy crap.
Oh, sorry. Wasn't there supposed to be a downturn here?
rr
Hey, any one remember $SPX The Triangle ...
Bumping our head on the top tube.
rr
NDX and OEX holding up OK.
SPX kind of off.
MID and RUT getting beaten.
rr
uuummmm I think, here, redneck is a good thing.
just sayin',
rr
log chart is spookier. happy halloween.
stockcharts.com/h-sc/ui?s=$SPX&p=W&st=1900-10-26&id=p07537419910&a=130854744
looks delayed to me ...
make the time scale more line a day
it pays the bills.
there's lots of stuff in this world that don't.
teenagers come to mind ...
Ok, now help me understand ...
It's socialism when the State owns the means of production, but it's Fascism when the means of production owns the State?
I get really confused. TGIFF.
rr
I'm thinking that maybe my outrageous bids ought to not be day orders but 'till tuesday' orders.
rr
This is as far back as stockCharts goes ...
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&st=1900-10-24&id=p50118368692&a=130854744
rr
Valuations of company 'buy me' pricing is complicated. Look how well the public markets are doing it.
Forensic accounting is done as part of due diligence, prior to any final offer. A lot of the stuff coming up in this conversation - cash on hand, loan covenants, odd forms of debt - aren't usually all that public, SarbOx not withstanding.
My experience has been that almost everything is worth less after you get to look at it. The driving factor, then, becomes your reason to want to own it.
Good luck, MFB. May your ride not be lumpy.
rr
It's linear. Log scale is a very different view.
YMMV,
rr
uuuuuuummmmmmmmmmmm ... I think he works there ....
rr
In normal times, cash more than cap is an invitation to be bought. Arbs might buy your stock on the rumor, knowing that the sale will NOT go off for less than cash on hand.
Now, like the joke says, if you buy a toaster, you get a free bank. Not many entities have the wherewithal to buy anything.
So, you sit on cash, while your BOD wonders why they can't steal it for themselves. So, if they're not chicken, stock buybacks appear.
Was that the question you wanted answered?
rr
I sure am glad we don't crash from bottoms.
OTOH, I think we just saw another panic attack.
Got to love needlenose bottoms.
rr
If true, I'd be more inclined to think it was because of the photo opportunities - no uniformed people, no fear, no worries.
Also, don't want anyone to thing The One might be using a police state for any practical purpose, now, would we ...
This chart ...
http://stockcharts.com/h-sc/ui?s=$VIX:$VXV&p=D&yr=0&mn=3&dy=0&id=p55159543397&a=149861932
is still in freak me out territory.
Well, if prices going south bothers you, that is.
rr
Well, with the canuck buck dropping, maybe I'll be able to afford to go to Toronto and Cottage Country again.
One man's loss is anothers gain.
rr
maybe this ... bigger down
$SPX nearly has a quad top on the 1 minute chart.
You like 3 you'll love 4 ...
rr
LG: Thank you for your response. It's very kind of you to help me learn.
I don't do fractals either, although some of the physical patterns in nature are pretty.
rr
LG:
Seems to me that if price keeps pushing up the upper line of the pennant, that can continue until the pattern becomes a channel or a megaphone. Eventually, the top and bottom lines do not cross. The question of time comes up.
In the NYA example you sited, I'm trying to play it back day by day, and it looks like the initial breach of the upper line happened close to the apex of the triangle, and then the early september collapse came. A few days before that, though, and it was really channel-like.
Looking at the SPX 60 minute chart, the apex right now is about during the 28th.
Do you have any opinion about 'how long' a 60 minute bar triangle might last, prior to any definitive resolution?
Thanks for the work,
rr
LG: Sorry, too many were-teenagers-now-adults in my family.
'ack' - text message and other shorthand for 'acknowledged'.
Best regards,
rr
ack ... will do .. thx
rr
LG:
ajtj: A negative break not just a breach of this pattern would be very bullish and given the oversold condition that is a possibility. However, given that these patterns are of the most reliable, although none of the TA stuff is 100%, some defensive measures are appropriate.
Does today count as a break / breach?
Seems so, but I value your opinion.
rr
The WMD stuff has been done to tears. Go blame Clinton. Or, the French.
And, Colin Powell, of news recently, is proving he can used to tell any story required?
So, which way the $SPX?
rr
man, you're just going to draw them over here ...
just when the beer truck was gonna show up ,,,
rr
LG:
I like the graphics you're posting. Much better for me to read. Hope it's not too much effort for you to maintain.
GLT,
rr
There's a reason he does straddles ...
Live to fight another day.
rr
T:
Did Sherman and Marian McClellan teach it to you directly?
Crickeys, just how old are you, anyhow?
Inquiring minds ...
rr
T: Outstanding call.
Especially since it was in the direction I wanted.
rr