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

To: Techplayer who wrote (41579)	6/5/2003 12:09:06 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

Dollar still dropping quotes.ino.com looks like we are working toward that gap fill on the spx.

To: Techplayer who wrote (41579)	6/5/2003 4:30:27 PM
From: Techplayer	Respond to of 57110

THE "ENCIERRO" or RUNNING OF THE BULLS is the single most characteristic event of the Fiesta of Wall Street. This is the event which has given the Fiesta world-wide fame and which appears on news broadcasts around the world during that special time when Pondscum is flooding the markets with cash. It is held at eight o'clock each morning until 7:00 each evening. It consists largely of young investors(although it admits all types) who run in front of the bulls to lead them from their pen up and into the bull-pen. It usually lasts from 9:30-4:00 although if there are complications due to loose bulls it can last much longer. The length of the run depends on your net worth and you don’t have to sign up anywhere to take part; you just enter into the run and choose the stock which you will run with and try to do as best as you can. In the 3rd week of the month there is a parody of the run made by some die-hards who refuse to face the fact that the Fiesta is all over and who run in front of the early-morning bus which comes up Wall Street. those on the wrong side of the bus get flattened. The run began to some extent through necessity. In those far-off days there were no such things as stocks. But as the people enjoyed the fun of taking the risks it has been kept up so that nowadays it is a spectacle in which thousands of people take part. This is not the place to go into details but just to give a general outline, things happen more or less like this: With the first rays of light of the early morning the Futures computers are turned on. Then the night-long revellers are gradully fleeced from their money by the pre-market Futs traders. The street-cleaners then move in to mop up the accumulated worthless tickets and options caused by the night-long thievery. All spectators must stay behind their computers to try to determine the daily route. So now that the short crowd has been shut in, the only way to exit is at great losses. The bulls who gather at the bottom of Wall Street- the starting line - are crowded together as they sing a homily to the image of Alan Greenspan which is placed in a niche on the wall decorated with the scarves of the peñas. The song goes like this: "A Pondscum pedimos, por ser nuestro patrón, nos guíe en el encierro dándonos su bendición" ("We ask Pondscum , as our Patron, to guide us through the Bull Run and give us his blessing.") A bell goes off at the moment the bulls are let out into the street. A second bell goes off to let everyone know that all the bulls are now in the street This is the moment of truth in the Bull-Running : the bulls run like the very devil. It´s impossible to race them or even keep up with them for very long (interesting information for anyone with athletic pretensions) : The way to do it is, to start off slowly when the bulls are still a good distance behind, and as they draw nearer start running like the devil, before they get too close, hang in near them for a short time, as near as you are prepared to risk your skin, and then get out of the way as cleanly as possible. Be careful not to cross the paths of other runners. Look for a gap in the pricing to slip through or jump over. As well as the danger inherent in running in front of a bull (it's worth remembering that this is an animal which leaves educated and uneducated in the worthless gutter) So you have to be careful not to get bowled over or knocked down by other runners. The crowding is particularly dense during the week where the number of visitors to Wall Street more than doubles. Each section of the run has its own particular characteristics so that many runners always choose to run the same section: In New York, the run is very fast and spectacular and risky while in your living room it is somewhat slower and hazier. The run into the bull-ring is exciting, but dangerous. Once the bulls have gone past the run has finished for you and you feel a special satisfaction and relief that nothing has happened to you. That is, as long as a bull doesn't turn back when it gets separated from the others - something which does happen from time to time and which creates a potentially highly dangerous situation. When you hear a bell go off it is to let you know that all the bulls have arrived inside the ring and a fourth and final bell is sent off to alert you to a margin call. Between that first rocket and final rocket only a couple of minutes will normally have gone by - but what a couple of minutes ! Well, that's what the running of the bulls is all about. So if you have been up all night, think carefully about what is the best thing for you to do at that decisive moment - to drag your tired body off to bed, or to take the risk of running, or to find a safe place to watch the run from behind the fences.