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Author Topic: Capitulation finally
Dustoff 1
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are we there..??
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Purl Gurl
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George Bush should be ready to capitulate.

Recent poll results have been released. On a
scale of one to ten with ten being best, people
rated George Bush's sex appeal as two.

I believe the mare Prince Charles married
has more sex appeal. Fitting couple, though,
with Charles having the ears of a mule and
being about as bright.

Purl Gurl

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Dustoff 1
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don't forget to check your orders
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Dustoff 1
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Purl Gurl,,, I am not concerned with having sex with George W Bush.....

Whats your take on market capitulation.

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Purl Gurl
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Dustoff writes,

"I am not concerned with having sex with
George W Bush."

I would think not! The man has zero sex appeal.

Market capitulation? Doesn't matter because the
markets are being slaughtered and the markets
are far from bottoming out. Next week should be
just as bad.

This is just the beginning of consumer reaction
to the mess politicians have made of the world.

Purl Gurl

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Dustoff 1
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Purl Gurl, I wish you would of lied to me. ouch!

Oh, bye the way, can you clean fish and cook them..

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glassman
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move to India where you can get an American job...

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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Purl Gurl
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If catfish, boil lightly then peel the skin off
with a pair of pliers.

If scaly fish, use a belt sander.

If skinned frog legs, don't salt them in the
skillet; they will jump out!

Purl Gurl

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glassman
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quote:
Originally posted by Dustoff101:
Purl Gurl, I wish you would of lied to me. ouch!

Oh, bye the way, can you clean fish and cook them..

dustoff, you ain't gonna get any that way...

LOL

YOU gotta clean and cook them fish... [Big Grin]


then let them clean up after...


hurry up and ring the bell, let's get this one behind us...

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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Purl Gurl
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I'm not lying! George Bush has no sex appeal.

Well, yeah, the DOW is down 200 points as I type
this. Those stringless yo-yo heads out there are
finally beginning to realize our economy is hard
crashing. What we are seeing is just the bare
beginning of a "snow ball" effect. When rising
energy costs begin moving through sectors, when
fuel surcharges begin to show where they do not
already, when people can barely afford food, that
is when the market snow ball will hit bottom.

I could have told you we are in for more than just
recession by driving on Southern California roads
and freeways. Even the five o'clock rush hour is
now rather nice. There are so many less cars on
the roads, it is spooky. I mean you can actually
drive at twenty-five miles per hour on freeways!

Why is that? Because ordinary salt-of-the-earth
people can barely afford to feed their familes,
much less afford to drive to work.

Are you aware, despite Bush's "great tax cuts"
ordinary people are now paying more in taxes
than they did previously?

These are bad times and _all_ politicians are
to blame, here and abroad.

Purl Gurl

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Dustoff 1
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Ah the hell with the whole thing....Have I capitulated??...Purl Gurl do you know Lucy?

Maybe the three of us could go camping and fishing??

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glassman
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i think you guys have mistooken capitulation for copulation....

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Don't envy the happiness of those who live in a fool's paradise.

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next week when the market bounces up hard on very light volume, that is the perfect setup to short stocks for the next leg down.
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Dustoff 1
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Buy at bottom...The only perfect thing about this market right now is that it is the week end..
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Purl Gurl
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I am not quite sure what to make of all this, Dust.

It would be nice if investors would cool off over
the weekend. However, headline news everywhere is
stock market performance over the last three days.

Lot of doom and gloom being promulgated by the
bleached blond bubble heads on television.

Our world is suffering circumstances which have not
been found in combination previously in history. This
is a new one, for all.

Terrorist attacks, two active major wars, energy
costs beyond means, taxes up with relative wages
down, and historical highs for lost jobs.

Yet Americans voted for the political party which
has only worsened those conditions.

Dustoff, I don't think we will see relief this
coming Monday because the talking heads on the
news are blasting the brains of all with words
of doom and gloom.

This could go beyond recession and become a
minor depression.

Who knows? These unique circumstances have never
before been found confronting our world.

Worst of all, there is a damn baseball game on
instead of Star Trek Enterprise. Jeesshh...

Purl Gurl

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keithsan
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IMO we are there.

In the stock market, capitulation is associated with "giving up" any previous gains in stock price as investors sell equities in an effort to get out of the market and into less risky investments. True capitulation involves extremely high volume and sharp declines. It usually is indicated by panic selling.



After capitulation selling, it is thought that there are great bargains to be had. The belief is that everyone who wants to get out of a stock, for any reason (including forced selling due to margin calls), has sold. The price should then, theoretically, reverse or bounce off the lows. In other words, some investors believe that true capitulation is the sign of a bottom

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poorman
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quote:
Originally posted by Dustoff101:
Purl Gurl,,, I am not concerned with having sex with George W Bush.....

Whats your take on market capitulation.

Thought we already were having sex with G/W I know I can feel him behind me right now and both hands are on my shoulders.

--------------------
You never really grow up you just learn how to act in public.

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Purl Gurl
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Keithsan writes,

"The belief is that everyone who wants to get out of
a stock, for any reason (including forced selling due
to margin calls), has sold. The price should then,
theoretically, reverse or bounce off the lows."

Contraindication theory, AAII index. That actually
works, Keith. There are some articles on this at
the Silicon Board.

http://www.siliconinvestor.com/subject.aspx?subjectid=50570&LastNum=33438&NumMsgs=10

For readers, AAII and contraindication is a trading
method under which investors (traders) do precisely
the opposite of what investors' sentiment indicates.

For example, the AAII index now roughly shows bulls
are at sixteen percent. These means most are either
neutral or bearish for a market opinion. This means
the concensus is bearish. Contraindication then
indicates it is time to buy stocks, which is what
Keith is writing, indirectly.

If this theory holds, we should discover a market
recovery sometime in the next ten days, presumably
some recovery hints appearing next week.

However, we have odd circumstances. Two wars which
are costing hundreds of billions of dollars, a
president bent on hundreds of trillions of dollars
in deficit spending, a president creating a historic
trade imbalance, and record high energy costs.

I am not so sure the markets have finished crashing,
nor am I sure there will be any recovery within
the next three to five years.

In a sad way, these are exciting times.

Purl Gurl

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keithsan
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True Purl, I've bet money on a solid rebound, I am expecting a decent rebound, then a retest of these lows. I will hold my long (my feeling is i have a better price now and premium) only time will tell, I will also begin to short 2 or 3 days into the bounce.


This is the lowest or worse close since March 2003. That triggered a nice buy in time, will we repeat?

Also, on down days volume has been high obviously bearish market, (i played countertrend a bit too often and was bit myself, but i knew i put my money in the bears mouth)
Friday saw HUGE volume,(meaning finally bear market will come out in headlines on the times, and even my grandma thinks were in a bear) to me that is another sign of a turn.

Hopefully I'm right.

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Dustoff 1
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Keithsan, the press will try and scare the hell out of everybody about an impending market crash..The political hacks will come out of the wood work for a few days....And then we will be back to Madona or what ever, sport scandals, car chases and the murder of the week....

The men and women who are protecting all of this will hardly be mentioned..

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jason10
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purl has an unhealthy obsession with GW


there are a hell of alot more people responsible for this than him thats for damn sure

accounting scandals, missed projections , over hyped stocks(apple,google,yahoo,etc,etc,etc), drug companies with harmful drugs

it all contributed to this, GW has done little or help nor prevent it from happening

not that i have to say it but im not a bush fan i think his dad was a piss poor president i think hes a piss poor president but you can NOT blame either of them for every thing that is wrong with the world it just doesnt work that way


until the markets get a real regulatory body with real power to take people over thier knee who break the laws then the huge companies will continue to break the laws and pay the $25,000(LOL) fines every time they get caught

this is far deeper than bush being a bad president i think you should try to make at least one post without a its bush's fualt in it somewhere

that is all i have to say

--------------------
"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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glassman
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Jason i agree about the regulatory issues...

put these guys in a real pen...like Leavanworth so they can find out what the real world is like for a change... it's one thing to hurt traders..it's another thing to MESS with peoples retirement....

whoever is president? i will openly critisize their faults, as long as we are still America...IMO? that's what keeps us great....

once we can't? well,i don't want to think about that....

Bush has not spent like a conservative...(IMO? he's not a true conservative)

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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Dustoff 1
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jason10, I served in Viet Nam from 1971-1972...The war was winding down, but we still dealt with our fair share of chit..

I know first hand what it does to people when they jump on a jet and come home from war to this kind of hatred after what we the troops just went thru..

I support and respect the title of Commander in chief during a time of war..

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jason10
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yeah but the way she blames everything on bush is well just not smart or accurate frankly congress has alot more to with spending and every other daily operation of the country than the president does

--------------------
"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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glassman
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dustoff would you have the same respect if Kerry had won?

it sounds to me like you are saying a president only needs to declare a war on somebody to stifle criticism ...

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Don't envy the happiness of those who live in a fool's paradise.

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jason10
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yeah dustoff i still cant figure out what people were thinking treating our own people the way they treated soldiers comeing home from a bull**** war


i may be nieve but i dont think the brave folks who went this time are being treated that way

oh and i feel like it needs to be said even if his reasons behind iraq were BS removing sadam was a good thing

and the taliban well they pretty much asked us to do that

--------------------
"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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Dustoff 1
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Glassman..YES !!!!
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glassman
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Taliban and Iraq again?..... no connection...

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Don't envy the happiness of those who live in a fool's paradise.

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jason10
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LOL KERRY LOL

if he had won you would have seen terrorist both foriegn and domestic cheer it would have been a free for all

hes a coward and only lost because he was too afraid to stand for ANYTHING for fear of alienating voters

--------------------
"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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Dustoff 1
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glassman get your hearing checked...Have you ever served in combat???
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glassman
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quote:
Originally posted by Dustoff101:
Glassman..YES !!!!

OK, i can respect that....

i still feel that America's greates strength is our freedom of speech, i do believe there are limits...
i don't think PG has passed them myself...

i don't hear her calling for some of the insane things the far left has calleed for...

we have a commitment to Iraq now, and to our troops...the troops are defending our right to free speech, AND free speech is something the troops don't enjoy while they are protecting OURS.....

i also think the troops returning from Nam were poorly treated by the populace, AND the VA system...

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Don't envy the happiness of those who live in a fool's paradise.

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jason10
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like i said iraq was BS but it needed to be done even if it was only family revenge for daddy

taliban was harboring the people responsible for the trade tower and they basically told us you cant have them neener neener

--------------------
"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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glassman
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quote:
Originally posted by Dustoff101:
glassman get your hearing checked...Have you ever served in combat???

enlisted while we had hostages in Iran, and no i didn't see action...honorable after one tour.

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Don't envy the happiness of those who live in a fool's paradise.

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jason10
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glassman im not saying she has gone over the line its just annoying this is a stock board not bash the president board he is not responible for everything thats wrong with the world and anyone who says he is should be corrected which is what im doing

--------------------
"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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glassman
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quote:
Originally posted by jason10:
like i said iraq was BS but it needed to be done even if it was only family revenge for daddy

taliban was harboring the people responsible for the trade tower and they basically told us you cant have them neener neener

Afghanistan yes....
Iraq? revnge for dady OK? tell that to the families....
we'll be paying the bill on that for a long time....a looooooooong tiiiiiiiime

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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