By Todd Harrison Jun 14, 2004 11:55 am
This tape is one thin mint!
- I'll have a Rubin but hold the cheese please!
- The nursery rhyme "Ring Around the Rosey" is a rhyme about The Plague. Infected people with the plague got red circular sores -- "Ring around the rosey." These sores had an unpleasant odor so folks would put flowers on their bodies somewhere so as to cover the smell -- "a pocket full of posies." People who died from the plague were often burned so as to reduce the possible spread of the disease -- "ashes, ashes, we all fall down."
- What bugs a gold bug.
- Whenever you're picked below the Bengals, it's not a good sign.
- Because radio waves travel at 186,000 miles per second and sound waves saunter at 700 miles per hour, a broadcast voice can be heard sooner by someone 13,000 miles away than it can be heard by a listener at the back of the room in which it originated.
- A few bumps of our keppe on resistance don't mean that they're gone forever but it's worth mentioning that BKX 98, SOX 487, Dow 10,400, S&P 1140 and Nazz 2015 have thus far held as upside resistance. If we rally back through them, it'll be clear that the first test (while extended) was the "easy fade." If the downside accelerates, the entire quasi-rally was a low volume retracement before the continuation of the prevailing trend (lower). A'right?
- Nicky Santoro.
- WMD chatter.
- From Phil Erlanger's excellent morning missive: "Fear is clearly absent -- that's an obvious negative. However, bulls can make the case that the trend of sentiment is towards more bullishness, which is in itself an "uptrend" phenomenon. The problem with that argument is the lower lows in the VXO came without a higher high in the indices. What is clear is that there has been no correction to enthusiasm."
- Defense wins championships. Just ask the Oakland Raiders.
- Be on the lookout tomorrow for a superb Cup of Jo'.
- Maybe Zed isn't dead after all?
- My screens are awash in crimson as we start fiddlin' through the lunch menus. We've toasted the NDX May uptrend and as a function of the many gaps, there's a Hoover to NDX 1455 (June 7th gap) and then NDX 1445 (June 4th gap).
- Lots on the Minyanville hopper. Stay tuned for information regarding the Minyanville Crested Butte retreat, new professors (Greg Weldon and Neal Dingmann) and information (coming soon) regarding the Critter's Choice Awards.
- Talk about a Buzz!
- Those stochastics we discussed late last week (S&P, INDU, Nazz, BKX, TRAN, CMR, CYC, RUT) have all "confirmed" the sell signal via "crossing."
- Correction- I mistakenly mentioned that General Motors (GM:NYSE) was reporting earnings today (they actually have an analyst day). Daisy will be flogging Billy Meehan for the miscommunications. Tickets will go on sale shortly.
- Hey Snapper--earmuffs!
- Mime time! The double edged sword that is volume is again muted. As such, the bulls can borrow a page from the bears playbook and offer that the downside has yet to "validate."
- Trailing stops allow you to keep your reward "open" while constantly redefining your risk
- Sundays aren't the same without Tony and his crew.
- Citigroup (C:NYSE) $45, if and when, remains a monster level.
- Mental illness is one of the most frustrating--and misunderstood--ailments in society.
- Is this the "denial" in the denial-migration-panic tri-fecta or simply a pause in a broader migration?
- Brian's morning missive helps explain the sudden traction of a few weeks ago.
- If you were out last week, you missed the single most important article ever posted on the 'Ville!
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