SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: iowamann, Spam Queen who wrote (984)8/27/2001 1:36:38 PM
From: eichler  Read Replies (2) of 2290
 
I-Mann,
Thanks. I've been having a horrible morning fighting with my computer. Just about ready to break out the sledge hammer.
I've got a nice 20 pounder which could solve the problem with one blow....ggg Stupid browser has crashed 20 times this morning so far. Trying to isolate the culprit, it's either the farkin S.I. or Datek sites....grrrrrrrrrrrrrrrrrrr
Anyway, this is the compx 15 min view with the trend channel in play...
home.earthlink.net
Even if we can rally a bit more, I'm thinking there's not much more room in this thing to the upside. With the Fed pumping the money machine and lowering rates with little effect on the investor's current negative psychology, I can see more downside in this market sooner than later.
I was enlightened this weekend with a PM which kinda blew the lid off any illusions I might still have had that this market isn't completely manipulated.
Can you say "monopoly"?
What would you think about only four specialists which make the market for 83% of the dollar volume on NYSE? How 'bout number 3 owned by Fleet Boston Bank which has a direct pipeline to the Fed?
How 'bout # 2 which is owned by Goldman Suks which parades out AJC whenever they need more suckers to sell to?
I dunno, but I really wish I hadn't read that stuff. This is a rigged game, makes me wonder about the value of any type of analysis including charts when you've got a bunch of blood suckers running the whole show whose mission in life at the present is to stick it to the private investor.
Going to have to completely re-evaluate the methods I am using to guage the market. I'm thinking that watching the fed money pump, and other behind the scenes analysis such as Mish's put/call analysis (how the greatest # on investors can be made losers) probably has greatest value. Find the most bloated, overvalued stocks and short 'em. Follow da boyz and
play along behind them. Short term plays. Got profit? Take it and run......
Can you sense a touch of disillusionment in my tone? I guess I'm trying to come to grips with the idea that the April low WILL be broken, not if but when. It's not even a question in my mind anymore of charts or free market system in action. It simply boils down to a Monopoly with all the connections and the power (including and especially the Media) to continue fleecing the public at will.
This last rally is just another sucker rally, generated by the Fed money pump used directly by the WS powers to get more suckers to buy into a ship that is going to be torpedoed.
The whole thing stinks and I hate it. Takes the fun and mystery out of it.
I might be a bit quiet now for awhile while I let it all soak in........
Best Regards,
Eichler
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext