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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (13320)	11/16/2002 5:22:51 PM
From: orkrious	Read Replies (1) \| Respond to of 57110

On the same show they talked about the 920 S&P resistance, trend could change there- we are almost there now. I thought the resistance on the S&P was around the 900 level which is why I was early waiting for the pullback though. This is the first time max pain hasn't worked recently, not sure if theres any meaning in that. somewhat on topic, here's what Todd Harrison thinks: When you return from your requisite two day respite and settle into your seat, the S&P and NDX will be almost exactly where they was two weeks ago. That's allota work for a round trip, isn't it? There are surely a lot of tired Minyans and Critters looking forward to these two days to chill, turn it off and be hoppy. I wasn’t going to post again (fried), but my mind was particularly active walking home from work and I wanted to share those thoughts. First of all, I admittedly struggled with undressing from my metaphorical bear costume because, quite frankly, I think Boo’s gonna take last licks. However, I take my discipline very seriously and felt an obligation to lead by example. This is an educational site and my goal isn’t to tell you what to trade— I’m hopefully providing more value in showing you how I trade. It’s a subtle difference, but it pretty much defines what we’re trying to do with Minyanville. As far as the tape, this is what I see and I’m just gonna put it out there. We’re getting close to the time when investors are really going to start paying attention to their year’s performance. Meanwhile, there’s an element of hope as last year’s spirited year-end sprint is still fresh in everyone’s mind. If we fail to repeat the feat, my fear is that the stampede you hear might be Hoofy and his friends running for the (crowded) door! In hindsight, leaving at least one leg in my bearish imagery was probably more consistent with my mindset and my view. Truth be told, I’m exhausted and I’ve always believed that when in doubt, sit it out. Still, these are THE levels to watch as we find our way through year end. In the S&P, 925 is the biggie as it’s the November high and the downtrend line from March. That resistance will make 910 look like buttah. Through there and you're looking at S&P 1050 (downtrend line from June 01). For the techs, NDX 1070 is level where the tape has failed six times since June. As we know resistance (support) gets weaker with every test, so while its there, its likely showing signs of fatigue. The area I want to draw your attention to is NDX 1150ish which is the downtrend line from June ’01 and, oh by the way, the 200-day moving average. Gun to my head, I’d say that S&P 925 and/or NDX 1150 is the upper end of this rally. A lot will depend on what the news is when we get there, but when (if) that happens, it would be the ideal set up for the “Razor Burn” thesis. Again, not putting the cart before the bear…but my mind’s eye tends to be active around year end and I wanted to share. While we're flushing out the keppe, know that (I think) the TRIN was under 1 for the fourth day in a row today--and that’s been a pretty consistent sell signal. I just took a monster deep breath as I sense I’m getting closer to my Friday faceplant. Before I go, I would like to ask all New England Patriot fans to please click on this link before game starts on Sunday. My favorite Raider in the world, Raider MAX, sent it to me and he’s all fired up! I’m sorry I’m not there with you, big guy—you and your dad are the best! The first annual addition of the Minyanville clothing line will be unveiled late next week. There will be some coolio critter stuff going on and we’ll have over 26 different styles of our uuber-soft t-shirts and fleeces. In addition, you’ll be able to buy holiday passport packages in the shape of Minyanville stock certificates! They’re great stocking stuffers for friends, family and colleagues. I’m half way between here and sleep so let me sign off and finally call it a week. From the bottom of my heart—thanks for reading.

To: Lizzie Tudor who wrote (13320)	11/16/2002 6:23:08 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

I did see that reference. 30M shares each? How many have that many shares? There are less than 300M shares outstanding. That is a hell of a lot of dilution. Those insider shares are going to provide a heck of a lot of resistance along the way.