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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: NOW who wrote (197727)	10/15/2002 7:22:04 PM
From: patron_anejo_por_favor	Read Replies (4) of 436258

The Color Commentator was beside himself today! (From CapitalStool.com): capitalstool.com As usual, nobody describes the scene more expertly than the Color Commentator: “This is a classic full on Riverboaters' Market. Unless you place spectacular counterintuitive trades short term and hold overnight and are right, you lose. Plain and simple. Unless you have cast iron intestinal constitution holding long term short is difficult. One is gaming against his own government and against the organized and systematic lying of the syndicates of CEO, House and analyst.” “Dippers pulling furiously at slot machines all morning, the din is unbearable and not for human consumption. Al is working the rear room in low light, dressed in a shiny green sequined shark- skin suit and running thru all his standards as old timers and lowlifes pass out in the front row and middle aged adulterers grope and grab under the tables.” “Shorts continue to be blown out daily, long term shorts continue to sleep fitfully wondering when the next vacuum pumping sucks more profits from their fundamentally reasonable positions. Chaos reigns and best trades are short term dip buying off high bear confidence, bear gloatage, VIX at 50,etc.” “Note how since all technicians have been looking for a reasonable retrace to get in long there isn't any. How many times have we seen the Market fool most of the participants most of the time, especially those playing with textbooks open beside monitor? It gets worse the deeper into the Bear. Here we are at the 50 day 3 days after a major new bottom. Anybody trying to game that kind of action is just riverboating as far as I'm concerned. Note how every day the technical picture changes dramatically, all those saying they would go long at a close over the 13 day missed their chance after the huge gap up eclipsed them. All those saying they would wait for volume finally have it but climbing in at this level is like diving in to do laps in a penthouse pool when the high rise is on fire. There are no good entries period. Best entries are off new lows for RiverBoaters. Thats what the Crack market offers up. “If you dare to hold overnight make sure you have a reasonable direction based in charting figured out and then trade directly against it. This is the high probability winner. More confident bears crawling all over board last night than roaches in a post nuclear Manhattan. All daytrading directional traders must be prepared to lose 60% of time or more for small losses until paydirt is hit. Unfortunately cardiac arrest may occur before the gusher hits.” “I would not be surprised to see Al Green bandwagon this hysteria by cutting rates at anytime however unlikely that sounds. He is lusting for the legendary turn he manufactured in Oct 98. Al Green's lounge act continues. I thought he was exiled to some lightweight gambling den in Reno but I was wrong. He is alive and well and pumping money into the Casino this morning, selling his old hits like 'Theme for Moonlighting' and his version of 'Lush Life' to the dipper crowd. That was no doubt the last time he managed a sustainable, semi soft erection to placate Andrea with for a few short minutes way back when but old memories linger and die hard. The only thing that stands in the way of this dirty old degenerate is a sudden geopolitical stunner. The only thing.” My congratulations to the dippers. Just remember to sell.

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