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RE: Re[3]: [RT] spx daily



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I think you 
forgot one important word: "IF"
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"...IF and <FONT 
color=#000000>When the economy starts to pick 
up....."
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Yeah, that 
chicken shit Soros short position is probably about $10k in size....("I've got a 
short position against the US Dollar...)" HAH, HAH, HAH.
he and Greenspan 
should join the "Old Fools Club of Economists and 
Financiers".
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  <FONT face=Tahoma 
  size=2>-----Original Message-----From: Kent Rollins 
  [mailto:kentr@xxxxxxxxxxxxxx]Sent: Thursday, May 22, 2003 11:19 
  PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: Re[3]: 
  [RT] spx daily
  Wrong again.  Don't you know why long term 
  interest rates have fallen to new lows?  The Fed is buying back 
  treasuries making them more expensive.  And how are they buying back 
  treasuries?  Printing money.  That's why the dollar is down.  
  They aren't doing it to support the market.  They are doing it to support 
  the economy.  The market is a barometer of the economy, not the other way 
  around.
   
  When the economy starts to pick up, they will 
  stop.  Interest rates will rise and so will the dollar.  
  MASSIVELY.  The first clue is that Soros just admitted his short position 
  on the dollar and CNBC keeps playing it every 5 minutes.
   
  Kent Rollins
   
   
  ----- Original Message ----- 
  From: <A 
  title=mar.ko@xxxxxxxxxxx href="">Mark Simms 

  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Thursday, May 22, 2003 10:03 PM
  Subject: 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.
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    <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.
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    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 <SPAN 
    class=830453201-23052003>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 
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    >
      -----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> >>> 
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