Evicted Bears…

How can that be “Next Monday's” chart? Did you time travel to the future and back? I'm confused?

The 60 minute charts look about ready to roll over, but the daily chart is still rolling back up. It should dip back down once, before moving up more, but in a market that's 100% controlled… the game can change at any time.

The only thing I look at in “absolute terms”, is that I'm absolutely great at picking the wrong price point to enter a position.

Bob…

This is going to piss you off even more. It's ALL planned and timed around when the markets are at a peak. It's a “dog and pony” show, where the President waits until the market peaks, and then comes out and threatens the banks, like he did back in the January sell off.

They timed the vote for the passing (or, in this case… NOT passing) the bill to audit the Fed, and clap down on the HFT systems that Goldman (and other crooks) use to trade with, exactly when the market was peaked again, and read to crash anyway.

That should tell you that the government, and the banks are working together in a big stage show, where the play golf together privately, and then make empty threats using powerful words, in public while the camera's are rolling.

That's what the blog writer doesn't understand, when he wrote that article. Don't get me wrong, it's a good post… but when you dig deeper, you see that every detail was planned and released at a certain point in time.

Last month the market hit huge overhead resistance on the weekly chart, when it hit the 200 DMA. So, that's when you decide to bring Goldman up on charges. The market was going to sell off anyway, as the technicals would tell you.

But, they can use the sell off to gain public support, by blaming it on the banks, and hauling them into congress, for an investigation. They knew Goldman was dirty a year ago. Why didn't they arrest them then?

Because they need the market to rally, and it wasn't election time. Nothing will be done to Goldman, but some chump change fine, just like the will never pass a bill to audit the Federal Reserve.

In fact, I believe the Fed will be bankrupt by the end of this year… which is other reason you don't really want to see their books. It's better to delay it until the elections are over, and then throw it all out there together.

I see a massive sell off coming, as “everything” is going too hit the fan at the same time. It's all planned of course, as while some companies will go bankrupt, others will be bought up at rock bottom bargain prices… which is basically like stealing them for next to nothing.

I agree that Goldman should be lined up an shot, but let's line up half of Congress and the Senate too… as well as Bernanke, Geithner and Obama. Get them all in one be swoop!

Bob,

You are absolutely right, We need to follow the players or manipulators, whatever you want to call them.

But I have been in this situation before in the 2000 crash with tech and saved myself by simple dumb luck. I awakened one morning and said to myself I have made too much money and its going to stop. Sold out and 5 days later it crashed

Point now is the probability of making big money in the markets for these players has moved from long to short. If the market moves to 11800 or 1250 on sp you make x.

If market goes to 9300 or less what do you make and what are the odds going either way?

If they decide to take the market down it places you in the difficult position of chasing it down. Like last Thursday. What if the market did not rebound. Had you not had your shorts in place you would have missed it completely.

Any how today is going to be interesting. i think its going to end up again through opex not because of the technical s but manipulation as has been pointed out above.

Just bought my insurance as I mentioned earlier, very, very cheap calls. The money will be peanuts compared to my gains if we go south.

Going to set my text alerts and do something else today, I hope. I just love watching the action.

I'm wrong on most of my calls, so let's hope I'm wrong on this one too.

We some fake prints at 115.86 from yesterday in the afterhours, and also some at 111.30 from Mondays' afterhours. Of course that doesn't always mean they will play out, but let's remain hopeful.

On the technical analysis side of things, there is the gap fill from yesterday morning, which is 115.20, and of course the big gap fill from Monday morning at 111.50 (spy).

Lot's of targets below that really need attention given too them…

Pretty big gap down on open w/ oil.

I think its setting up for a run back over $80.

Yes buying when VIX is low can really work out to your favor. Last week my premiums were going up even though the stock didn't move thanks to VIX

I don't know what Mole is thinking, but he's a bear too, and I expect it too be a bearish setup.

Oh, yeah, that's very cool. I suppose if we were going to do a jump with a gap opening, it would have been today. I think the market's toast, but still glad I have some calls. We're not totally safe in this zone.

Gawd, I could have saved a lot of money on my puts. Lesson learned.

This is so cool. I'm neglecting myriad obligations, but this is the chance of a lifetime.

Don't think we're there yet. A couple stocks I'm watching need to fail setting a high for the session.

Should probably switch to text alerts but that's too boring.

Thanks Rip. I sure hope so because the baby is going to wake up soon!

I am expecting fuel the last hour.on this volume.

They cannot let this flounder through tomorrow and opex.

I am having a hard time not adding positions today though.

It went up like a rocket, b/c it WENT DOWN like a rocket before. There is no requirement that it reverses down like a rocket. It can yo yo around 115-118. If it finds support at 115, that will serve as the launching pad for retest of the April high. Historically, the odds is >95%. If I buy some calls, then this time will turn out to be that remaining 5% when it drops instead. LOL I know b/c the gods luv me long long.

NDX, MID, SML and RUT have broken their respective 'teal' line (my teal lines which are similar but not identical to Sundancer's). SPX, NYA are showing what appears to be 'rejection' at their teal lines. A short position is warranted, should other baby teal lines indicate so. But time is running out for the May puts. They have morphed into lottery tickets now and one must prepare for their journey to the afterlife.

Lossing an election can do that to you, if you were the leader of the losing party. lol

The perfect storm is here, and we are about to leave the EYE…

That so funny! I saw that article as well. don't think there will be a retest though. We should be done retesting.

the rest are too stupid or don't care.

To me from his chart and from grim reapers, it looks like resistance is around 117.62 and support is at 116.63 (red containment). If we cross that lower level, it is implied that we have much lower to go.

Today the market is in a holding pattern, while the “powers that be” decide on what news they are going to release to create the next big move… up or down? I think the news will be about Germany dumping the Euro and going back to their own currency. But, it could be anything at this point?

Regardless of where the market closes today, a big move is coming… a I think it's DOWN!

Sorry to hear that, but at least you are here now… hopefully tomorrow too.

But maybe that will mean we can gap down in the morning.

Those could be fake prints, but I doubt that those are. Look at were they end at… right at the market top from this morning. Probably just late fills. I like too see prints that don't line up with previous days' price action.

That would be options expiration. Perhaps we bounce around here and then start the avalanche mid next week. Thanks so much for all your help.

Wow this bear could only dream

Nothing like being consistent about how you rob people…. he he he

Thanks for the heads up!

Sure Isaiah… chime in anytime.