With Bernankee stating, "recession is likely over," and the Tea
Party Rally comment stated by a guard as the biggest event
they had seen in D.C., Airlines in deep trouble now and
plane orders being cancelled from airlines around the world for the
787 dreamliner (what a dream), Boeing's 747 project nearly brought
them to their knees in the early 70's, Boeing machinists union
being voted out in South Carolina (union proud), Blockbusters is
closing over 960 stores (good thing the gov't sent out the
converter box coupons last year), Acorn under investigation for
aiding a prostitution ring that wanted to smuggle teenagers into
the country (not quite), Acorn supported by the teachers union (no
way), Social Security news story suggesting that it will be
underwater for the first time next year with in the red 10
Billion dollars, 80 million baby boomers ready for social security
retiring at 8,000 people per day, 36 states seeking Federal
money because they are out of unemployment insurance monies and
have to seek Federal Aid to pay promised benefits,
some states had the nerve to increase the tax for those
companies still providing jobs with a rate hike on
unemployment taxes, the dog and pony show that Obama and his
banking buddies put on today for the news media to cover and
convince America that he was tough, compassionate and was
going to lay down the law for banking regulation reform,
publicly announcing the government wants to get rid of their 7 plus
billion shares of Citigroup, come to think of it, the
Gov't was probably unloading it the past 2 weeks (is that what
distribution looks like). And if so, I would have to laugh at
the suckers' rally for quite some time down the road, if
indeed, it comes to be truth. Why shouldn't they have the last
laugh, they don't enforce regulation or judicial policies, and
don't forget the strong dollar policy. For some reason, It just
seems that these events would or could possibly be the turning
point. I will let the market decide if P2 did perhaps, end
today.
Thanks Benny Boy - You are the best!!!
and P.S. Hope all is well in getting your credit theft
straightened out for the wife alright. Cheers
3rd place is tight with SPX and DOW in that order for now.
Let us see how close it is into the 4PM finish.
Does wave 5 finish today? tomorrow? End of week with Option
experation to punish short sellers? Next month due to masses
believing economic stimulus works miracles? Trade what the market
will give you.
After reading Larry Edelson's morning post today, It is amazing
how the asian perception to the american dollar has been destoyed
there and we are the laughing stock for our own dollar destruction.
The Asians are preferring the Euro to the dollar now. Destroy the
dollar and bring on the Amero!!!
Looks like it wants to squeak out a new high and then start
selling off to me. One more run to a new high to finish the day and
have the rug pulled out from underneath it tomorrow. I will watch
with great anticipation.....
I deal with it like the other aspects of the market that defies
common sense and other priciples that would otherwise govern one(s)
own personal finances. I simply trade what the market gives me.
I could use conductive reasoning to invest by reading what is
going and applying that to what should happen and I would wind up
sitting and waiting and waiting for the market to slap the masses
around with extreme action to make one question how?
Or, you can simply trade based on what the market will give you.
However, with going long in this market right now without a
tight trail stop, could be rather dangerous to your bottom line.
Either this sucker needs to conitnue up now, or somebody, somewhere
is going to pull the floor out from underneath it at any time
similiar to 1987. Will it stop there? Who knows? Trade what the
market will give you.
With the exception of late August/early Sept. this market
refuses to go down since late June/early July. Just like in May and
this past action of late seems earily similiar, the market moves
up, resets the indiciators (trades sideways) and moves up and
resets the indicators (trades sideways) and moves up.
Quantative Easing by the FED to destroy their own balance sheet
is on the line to pump up the consumer to start buying and that is
their gamble. Had they gambled with creating jobs to grow the tax
base to pay for the shambles this past year, I would probably have
faith in the markets to continue onward and blow past the thin zone
and declare a bull market. Otherwise, the are helping their buddies
on Wall street and disregarding the American populace. How often do
you get to have your cake and eat too? FWIW
Follow the moving averages with various fibs along with other
indicators for (momentum) >ROC< >RSI< >TRIX<,
(trend) >MACD< >Moving AVG<, and (volume)
>CMF< >PVO< . That is all you can do.
Otherwise, you are trading feelings and emotion and you become
biased. Nobody can predict what the market will do, but you can
reduce risk or wait for low risk set-ups. Period!!!
Maings, that is short 271k at this top. Whew! I would not touch
that triangle set up for a break up, but a preferred break down.
Looks like they want to stick it to China and GATA for
purchasing/recommending Gold for now. However, in the long
run, if gold does become cheaper, I will be buying with both hands
and feet. I would even pick up pop cans to redeem to go buy cheap
gold if it is available. lol
I liked your dollar chart earlier today. Although I do not
know how to post a chart on here, I had UUP downtrend or 5th bottom
at 22.68. Off 5 cents so far if indeed the bottom was put in.
Remains to be seen.
The community is delayed by three days for non registered users.
AMAT - Bear Flag
Posted by u00sas3 on 17th of Sep 2009 at 12:13 pm
P2 END DAY TODAY?
Posted by u00sas3 on 16th of Sep 2009 at 12:15 am
With Bernankee stating, "recession is likely over," and the Tea Party Rally comment stated by a guard as the biggest event they had seen in D.C., Airlines in deep trouble now and plane orders being cancelled from airlines around the world for the 787 dreamliner (what a dream), Boeing's 747 project nearly brought them to their knees in the early 70's, Boeing machinists union being voted out in South Carolina (union proud), Blockbusters is closing over 960 stores (good thing the gov't sent out the converter box coupons last year), Acorn under investigation for aiding a prostitution ring that wanted to smuggle teenagers into the country (not quite), Acorn supported by the teachers union (no way), Social Security news story suggesting that it will be underwater for the first time next year with in the red 10 Billion dollars, 80 million baby boomers ready for social security retiring at 8,000 people per day, 36 states seeking Federal money because they are out of unemployment insurance monies and have to seek Federal Aid to pay promised benefits, some states had the nerve to increase the tax for those companies still providing jobs with a rate hike on unemployment taxes, the dog and pony show that Obama and his banking buddies put on today for the news media to cover and convince America that he was tough, compassionate and was going to lay down the law for banking regulation reform, publicly announcing the government wants to get rid of their 7 plus billion shares of Citigroup, come to think of it, the Gov't was probably unloading it the past 2 weeks (is that what distribution looks like). And if so, I would have to laugh at the suckers' rally for quite some time down the road, if indeed, it comes to be truth. Why shouldn't they have the last laugh, they don't enforce regulation or judicial policies, and don't forget the strong dollar policy. For some reason, It just seems that these events would or could possibly be the turning point. I will let the market decide if P2 did perhaps, end today.
Thanks Benny Boy - You are the best!!!
and P.S. Hope all is well in getting your credit theft straightened out for the wife alright. Cheers
Point taken Matt on price/volume
AIG 3 min pivot system
Posted by u00sas3 on 15th of Sep 2009 at 01:21 pm
Point taken Matt on price/volume not being affected. You in essence, answered my question indirectly. Thank you.
I would be curious to
AIG 3 min pivot system
Posted by u00sas3 on 15th of Sep 2009 at 12:49 pm
I would be curious to learn just how many members that this applies? Maybe you should run a poll. If not, I understand.
SEC and BofA
Posted by u00sas3 on 14th of Sep 2009 at 03:55 pm
Judge is saying now that they will have a trial on the matter now.
3rd place goes to SPX
Intra day comments
Posted by u00sas3 on 14th of Sep 2009 at 03:42 pm
3rd place goes to SPX for generating a new high before the DOW. The dow still has 13 minutes to catch up.
We still have weapons of
Intra day comments
Posted by u00sas3 on 14th of Sep 2009 at 03:35 pm
We still have weapons of mass destruction at our fingertips, lol...
Divergent Highs on Indexes
Posted by u00sas3 on 14th of Sep 2009 at 03:29 pm
Matt/Steve,
Any comments on this development today late in the game?
just like the indexes, that
GE b/o $15
Posted by u00sas3 on 14th of Sep 2009 at 03:11 pm
just like the indexes, that sure looks like the 5th wave up for sure.
INDEX - order of finishing new highs
Intra day comments
Posted by u00sas3 on 14th of Sep 2009 at 03:04 pm
COMPQ - 1st place finish, new high recorded
RUT - 2nd place finish, new high recorded
3rd place is tight with SPX and DOW in that order for now.
Let us see how close it is into the 4PM finish.
Does wave 5 finish today? tomorrow? End of week with Option experation to punish short sellers? Next month due to masses believing economic stimulus works miracles? Trade what the market will give you.
105.30 and higher is coming now for the SPY
Intra day comments
Posted by u00sas3 on 14th of Sep 2009 at 02:33 pm
After reading Larry Edelson's morning
Intra day comments
Posted by u00sas3 on 14th of Sep 2009 at 02:30 pm
After reading Larry Edelson's morning post today, It is amazing how the asian perception to the american dollar has been destoyed there and we are the laughing stock for our own dollar destruction. The Asians are preferring the Euro to the dollar now. Destroy the dollar and bring on the Amero!!!
Looks like it wants to
Intra day comments
Posted by u00sas3 on 14th of Sep 2009 at 02:27 pm
Looks like it wants to squeak out a new high and then start selling off to me. One more run to a new high to finish the day and have the rug pulled out from underneath it tomorrow. I will watch with great anticipation.....
I deal with it like
XLU - Rising today
Posted by u00sas3 on 14th of Sep 2009 at 02:13 pm
I deal with it like the other aspects of the market that defies common sense and other priciples that would otherwise govern one(s) own personal finances. I simply trade what the market gives me.
I could use conductive reasoning to invest by reading what is going and applying that to what should happen and I would wind up sitting and waiting and waiting for the market to slap the masses around with extreme action to make one question how?
Or, you can simply trade based on what the market will give you. However, with going long in this market right now without a tight trail stop, could be rather dangerous to your bottom line. Either this sucker needs to conitnue up now, or somebody, somewhere is going to pull the floor out from underneath it at any time similiar to 1987. Will it stop there? Who knows? Trade what the market will give you.
With the exception of late August/early Sept. this market refuses to go down since late June/early July. Just like in May and this past action of late seems earily similiar, the market moves up, resets the indiciators (trades sideways) and moves up and resets the indicators (trades sideways) and moves up.
Quantative Easing by the FED to destroy their own balance sheet is on the line to pump up the consumer to start buying and that is their gamble. Had they gambled with creating jobs to grow the tax base to pay for the shambles this past year, I would probably have faith in the markets to continue onward and blow past the thin zone and declare a bull market. Otherwise, the are helping their buddies on Wall street and disregarding the American populace. How often do you get to have your cake and eat too? FWIW
XLU - Rising today
Posted by u00sas3 on 14th of Sep 2009 at 01:00 pm
XLU is looking rather strong today....
Follow the moving averages with
A few thoughts on the SPY and the markets but a gap problem?
Posted by u00sas3 on 12th of Sep 2009 at 03:51 pm
Follow the moving averages with various fibs along with other indicators for (momentum) >ROC< >RSI< >TRIX<, (trend) >MACD< >Moving AVG<, and (volume) >CMF< >PVO< . That is all you can do. Otherwise, you are trading feelings and emotion and you become biased. Nobody can predict what the market will do, but you can reduce risk or wait for low risk set-ups. Period!!!
Maings, that is short 271k
cftc MATT
Posted by u00sas3 on 12th of Sep 2009 at 03:43 pm
Maings, that is short 271k at this top. Whew! I would not touch that triangle set up for a break up, but a preferred break down. Looks like they want to stick it to China and GATA for purchasing/recommending Gold for now. However, in the long run, if gold does become cheaper, I will be buying with both hands and feet. I would even pick up pop cans to redeem to go buy cheap gold if it is available. lol
Zayed
Posted by u00sas3 on 11th of Sep 2009 at 11:52 pm
I liked your dollar chart earlier today. Although I do not know how to post a chart on here, I had UUP downtrend or 5th bottom at 22.68. Off 5 cents so far if indeed the bottom was put in. Remains to be seen.
come on dip buyers, don't
HFT'S
Posted by u00sas3 on 11th of Sep 2009 at 03:25 pm
come on dip buyers, don't fail me now
HFT'S
Posted by u00sas3 on 11th of Sep 2009 at 03:24 pm