|
PureBytes Links
Trading Reference Links
|
the rummers are on the floor that they pay
specialist firm to push the botton on buy programs, and pay the
cost
Ben
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Kent
Rollins
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 22, 2003 11:07
PM
Subject: Re: Re[3]: [RT] spx daily
The Fed doesn't control the Dow. (realistic
thinking on my part)
Kent Rollins
----- Original Message -----
From: <A
title=profitok@xxxxxxxxxxxxx href="">profitok
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 22, 2003 10:25 PM
Subject: Re: Re[3]: [RT] spx daily
I think because of the comming
election the fed rescue tram is NOT going to
let index go under 8000
(maybe wishfull thinking on my part)
Ben
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Brad
Cline
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 22, 2003 10:14
PM
Subject: RE: Re[3]: [RT] spx
daily
<FONT face=Arial color=#0000ff
size=2>Who has held the DOW up then? All the foriegn indices have traded at
1994 or lower levels. We have not traded near those levels. The fed is
not dead but is severely hobbled. I agree with you on the other points.
Funnymentally we should be much lower.
<BLOCKQUOTE
>
<FONT face="Times New Roman"
size=2>-----Original Message-----From: Mark Simms
[mailto:mar.ko@xxxxxxxxxxx]Sent: Thursday, May 22, 2003 7:03
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: RE: Re[3]:
[RT] spx daily
Don't watch
the Fed...the "Fed's Dead".....monetary policy becomes useless and
worthless with nominal interest rates near zero....that's why that
bumbling idot Greenspan has been talking in circles lately.....he has no
plan, no effective agenda.
<FONT color=#0000ff
size=2>
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: Brad Cline
[mailto:bradcline@xxxxxxxxx]Sent: Thursday, May 22, 2003 9:38
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: RE:
Re[3]: [RT] spx daily
I copied this. It is interesting if
not true. I know we had a ton of timing for last week but so far we have
got a 2 day retrace with a V bottom. I find it hard to believe that the
FED will let the market fall to far with it being so close to
"salvation" in the public's eyes.
The hypothesis offered is
that the Federal Reserve artificially supports the DOW and the US
currency with permanent and temporary repurchase agreement funding. That
funding is then utilized in the open markets by the borrowers, the large
trading houses of Wall Street. Abnormal activity in the futures markets
suggests that the home for this funding are the major index futures
which, when bought, support the underlying individual stocks.The
metric to watch is not the daily repo issuances but the repo pool totals
which can only be obtained by keeping at least a 28 day running total of
both the repos and their scheduled expirations. For example, an issuance
of $20 Billion means little if there is an expiration of the same amount
that day. The key is to measure the aggregate pool totals since it is
that pool that determines how much repo money can be used to buy index
futures on any given day.Today's [May 22, 2003] Fed Repo
Action The Fed did
not allow the repo total pool to fall today. They issued $15.25 Billion
in new repurchase agreements. When the $11.25 Billion in expirations are
accounted for we see that the repo pool has risen to $40 Billion. The
DOW this morning [10:40AM] is up 85 points. It’s an open question
whether the Fed will ever allow the DOW to fall so index shorters
beware! It is far better to be long gold and its shares than short the
markets under this external Fed interventional policy.The repo
pool metric is gaining validity as time passes as the DOW keeps tracking
with the repo total pool number. So far the $30 Billion level seems
necessary to hold the DOW level. Above that and the DOW rises
<BLOCKQUOTE
>
-----Original
Message-----From: BobsKC
[mailto:bobskc@xxxxxxxxxxxx]Sent: Thursday, May 22, 2003
6:07 PMTo: realtraders@xxxxxxxxxxxxxxxSubject:
Re[3]: [RT] spx dailyAgain, what is the
bullish sentiment? What people tell pollsters or what they
actually do? If you go by what they are doing, and if you
believe in contrarian principals, (which you obviously do), then
you would be long.BobAt 03:18 AM 5/23/2003 +0400,
you wrote:>Hello BobsKC,>>I am short. To me
highest bullish sentiment is a sign of near top.>>Best
regards,>
Alex
mailto:alex_bell@xxxxxxx>>>Friday, May 23, 2003,
3:01:13 AM, you wrote:>>B> Bullish sentiment may be
high but in fact, shorting is robust and getting>B>
stronger. So do we go by what people say or what they
do?>>B> Bob>>>>B> At
02:52 AM 5/23/2003 +0400, you wrote:> >>Hello
Mark,> >>> >>%Bearish today is lowest since
1991:> >>> >><A
href="">http://www.schaeffersresearch.com/streetools/inv_intel.asp>
>>> >>". High readings suggest excessive optimism,
which typically occurs> >>when buying strength has been
tapped out, and low readings represent> >>depleted
selling strength, and tend to precede market rallies. We>
>>normally view a bullish percentage higher than 55 combined
with a> >>bearish reading lower 30% as bearish for the
market."> >>> >>> >>Best
regards,> >>
Alex
mailto:alex_bell@xxxxxxx> >>> >>>
>>Thursday, May 22, 2003, 9:36:17 PM, you wrote:>
>>> >>MS> You meant "higher high", right
?> >>MS> Don't underestimate the bulls....they are
wildly optimistic right> >>MS> now.....and holding
this market up.> >>MS> Bull-Bear survey ratio now at
the highest point in years....> >>MS>
-----Original Message-----> >>MS> From:
none [mailto:profitok@xxxxxxxxxxxxx]>
>>MS> Sent: Wednesday, May 21, 2003 10:40
PM> >>MS> To:
realtraders@xxxxxxxxxxxxxxx> >>MS>
Subject: Re: [RT] spx daily> >>> >>>
>>MS> Hello> >>>
>>MS> I am with you that there is a
high probability that we make a> >>lower high>
>>MS> tomorrow or Fri. and then collapse>
>>MS> Ben>
>>MS> ----- Original Message
-----> >>MS> From: Rhonda
Guilbeaux> >>MS> To:
realtraders@xxxxxxxxxxxxxxx>
>>MS> Sent: Wednesday, May 21, 2003
7:37 PM> >>MS> Subject: [RT]
spx daily> >>> >>>
>>MS> Last quarter's candle waist
882.> >>MS> right at the 200
dma area.> >>>
>>MS> Higher support..at the 898
area.. (near the rising 50dma)>
>>MS> Wouldn't be surprised to
see this price level tested.. and also to> >>MS> hold,
initially> >>MS>
anyway.> >>MS> if not, 867-882
looks to be a good higher support area.>
>>MS> Breaking above last weeks highs
and more important> >>MS>
953-955 then I am incorrect in my assessment that last
week's> >>MS> high is "semi"
important and perhaps> >>MS> a
slightly stronger pullback than what>
>>MS> we've seen thus far coming off
the> >>MS> March higher
low.> >>> >>MS>
Tend to think any high made latter week>
>>MS> will be a lower high than last
weeks> >>MS> high as>
>>MS> last weeks low was broken
below.> >>MS> I do>
>>MS> Best,>
>>MS> Rhonda> >>>
>>> >>> >>> >>>
>>> >>> >>> >>>
>>MS> To unsubscribe from this group,
send an email to:> >>MS>
realtraders-unsubscribe@xxxxxxxxxxxxxxx> >>>
>>> >>>
>>MS> Your use of Yahoo! Groups is
subject to the Yahoo! Terms of > Service.>
>>> >>>
>>MS> Yahoo!
Groups Sponsor>
>>MS>
ADVERTISEMENT> >>> >>>
>>> >>> >>MS> To
unsubscribe from this group, send an email to:>
>>MS>
realtraders-unsubscribe@xxxxxxxxxxxxxxx> >>>
>>> >>> >>MS> Your use
of Yahoo! Groups is subject to the Yahoo! Terms of Service.>
>>> >>> >>> >>To
unsubscribe from this group, send an email to:>
>>realtraders-unsubscribe@xxxxxxxxxxxxxxx>
>>> >>> >>> >>Your use of
Yahoo! Groups is subject to <A
href="">http://docs.yahoo.com/info/terms/>>>>B>
To unsubscribe from this group, send an email to:>B>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>>B>
Your use of Yahoo! Groups is subject to <A
href="">http://docs.yahoo.com/info/terms/>>>>To
unsubscribe from this group, send an email
to:>realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>>Your
use of Yahoo! Groups is subject to <A
href="">http://docs.yahoo.com/info/terms/To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of
Service. To unsubscribe from this
group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of
Service. To unsubscribe from this
group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
To unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
To unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|