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Random Thoughts

By

I'm still alive above yesterday's lows!

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  • The name's Fokker....Greg Fokker.

  • The breadth has been the single best indicator since March.

  • SOX 475 (December lows) now becomes initial resistance.

  • I hear it's really comfortable in the Paris Hilton.

  • NDX 1375 and S&P 1060 (then 1050) are downside levels to watch.

  • Okay, well, uh...candlesticks always make a nice gift, and uh, maybe you could find out where she's registered and maybe a place-setting or maybe a silverware pattern. (think)

  • I wasn't taking shots at anyone yesterday--it's not my style. It just amazes me that certain people are threatened by Minyanville and what we're trying to do. They're just critters!

  • How many traders are playing the retail rebound?

  • A lot of traders were playing Amgen (AMGN:NASD) from the long side into last night's meeting. Honestly, I'm surprised it's holding up as well as it is.

  • "Mistere" is still leading the auction with a generous $5000 bid. Again, the highest bid time-stamped before 4pm today will join the professors, my very best street contacts, the critters, FOKKER and yours truly for a festive dinner tomorrow night. Proceeds will go to the Ruby Peck foundation for Children's Education (a non-profit 501C3 corporation).

  • What did Angelina ever see in Billy Bob?

  • Despite the SOX suckage and bad breadth, the S&Ps are dog-fighting to hold yesterday's low.

  • Can I say S's over N's or is it too obvious?

  • I'm gonna be taking a coupla weeks during the '04 cusp. I'm not sure when (I haven't had time to think about it) but it's long overdue. Professor Brodsky will be filling in on the trading diary for the lion's share of my absence.

  • Bear Stearns (BSC:NYSE), Best Buy (BBY:NYSE), Circuit City (CC:NYSE), Federal Express (FDX:NYSE) and Lehman Brothers (LEH:NYSE) report tomorrow morning.

  • Potential pin risk? General Motors (GM:NYSE) 50, Intel (INTC:NASD) 30, Yahoo! (YHOO:NASD) 40, Applied Material (AMAT:NASD) 20.

  • Tree hugger!

  • Nazz Breadth and Semis are tellin' ya lower. The financials and the ability of the S's to hold yesterday's lows (in the face of this selling) hints resiliency. The beauty? There's pretty defined levels with which to trade.

  • The dollar is drippy and trippy.

  • The non-confirmation of the NDX to make a new high yesterday should be noted.

  • Professor Reynolds is swingin' by Minyanville for lunch. Hoofy is very excited!

  • Don't get saucy with me, Béarnaise!

  • When unsure, trade in-between.

  • I remember having dinner with Steve Galbraith at Rosa Mexicana one year ago this month. Boy did he nail it.
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position in smh, spx

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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