Crash You Son Of A Gun... CRASH!
(to watch on youtube: http://www.youtube.com/watch?v=QtSLQtJXSlg)
The insanity continues day in and day out, as the bulls just keep on goring the bears with one thrust after another. This has been one crazy week for me as my website was once again taken down... by whom, I don't know? Repeated IP requests on the theme name forced me to change the theme. Sorry if you guys and gals don't like it... I had to do it.
I'll work on prettying it up over time and hopefully everyone gets used too it. It's a little wider then the previous theme, so I'll have too come up with a new header image (something dark and evil of course). Just be patience with me, as I'll work through the bugs and learn the power and features of this new theme over time.
Ok, on to the market...
The market did go down early in the morning as I expected, and of course it floated back up the rest of the day like it was high on crack or something. The same old B.S. happened as usual... big surprise, right? As for tomorrow, history says it's a down day so maybe us bears might get to eat something?
The charts are once again overbought and ready to roll over... on all short term time frames! Does that mean it will? I doubt it, but hey... I just thought I'd throw that dart out there, and maybe I'll hit the bullseye? (Of course I'm blind folded, turned around backwards, have both hands tied behind my back, with the dart in my mouth!).
So for now, I'll just keep it simple and use this post for a "comment cleaner" and do my bitching in the video. Good luck as usual gang... both bulls and bears. Thanks for your patience.
Red
TWILIGHT ZONE RED !!!!!!!!!!!
Yeah Anna, it mind numbing!
What we need to see for the bear case is a breakdown and back-test of the rising wedge. The wedge runs out of time on Tuesday, so it has to happen soon.
There is a slight chance it could break *up*, which ordinarily I’d say would be unbelievable, but, you know…
YEP sure do dread 🙂
YEP sure do dread 🙂
There is NO “Down”… only “UP”. Go right that on the chalk 500 times now please! LOL
There is NO “Down”… only “UP”. Go right that on the chalk 500 times now please! LOL
ho ho.
the comments section is up.
Yeah, the gangsters are leaving me along today… let’s hope it stays that way!
keep your web page simple like google, not like yahoo.
less bells and whistles = reliability, si?
ps, I have to hide the ad girls at work! hehe
Oh… sorry, I didn’t know that’s what would show up? It’s an ad network called Adbrite. I may have to change that a bit too, as it’s tacky, and not really relevant to this blog.
appreciated. no biggie for me.
i’d check after hours regardless.
You mean the hot, young Russian girls who are looking just for you, right?
maybe. are they into fur?
hehe.
Probably not…they weren’t even around back in the 70s…
😉
Isn’t the 70’s back in style now? What’s old is new again…
You know what, that’s probably the case – hell they even threw in the INFLATION to boot!
Isn’t the 70’s back in style now? What’s old is new again…
Isn’t the 70’s back in style now? What’s old is new again…
LOL… just looking for you ACP! You hound dog you…
For the first time in a long while, I was irritated that a site was down! Ha!
Me too… I was jones’ng to chat with everyone!
It started off simple in the beginning, but grew to include more stuff over time. Mainly all the links I’ve added. But the ad’s are of course there to help pay for the hosting, as that increasing along with the blogs’ popularity.
hey, my single SPY is up 40 cents.
let’s see what tomorrow brings.
😉
Must be a call option, as my puts are underwater…
no. PURE ETF.
hahaha.
(i’ve been raped on options, dam comissions & theta burn)
I like to trade options intraday. For me it is safer..
I like to trade options intraday. For me it is safer..
Hey Gerb. You only need 19.60ish (depending) to break even! (Wait those pesky dividends..)
you are a smart man.
I’m taking one ‘for the team’.
hehe
Here’s something funny… I have this open in two windows right now. One is with FireFox and the other is Safari. The one in Safari has the “Hot Russian Babe” banner, and the one in FireFox has “ChristianMingle com” banner! LOL
Nice
I just get a cute asian chick trying to sell me Credit Cards….
Keep refreshing the page and you’ll get the hot russian babe…
WYNN fundamentals suggest second leg higher 136…
What do you think about next week? Maybe a small correction before the BIG KAHUNA run-up & subsequent crash?
been at anna’s crying the blues, where’s red! the white hats got him.
LOL… all the bears are crying the blues!
love the redesign red! very nice.
Thanks Jeff… I’ll be tweaking it over the coming days and weeks. It’s a cleaner look I believe. But I need to create a new header image, which takes time. I’ll get it thou…
OK, so here’s something that will eventually have an effect…
http://www.zerohedge.com/article/europe-locks-out-sp-rating-agency-converts-all-key-european-ratings-unsolicited
Irish (and soon all European) banks PRINTING THEIR OWN MONEY to exchange for ECB cash. Sweet! I need to go along with the ‘American Picker’ folks and find myself a good ol’ fashioned printing press so’s I can make my own money too!
Red…glad to see you are back. My first thoughts were “is he pissing somebody off by getting too close to the truth?” Regardless, welcome back.
Thanks LukeGolf… I’m glad to be back. I missed talking to everyone.
China raises interests rates by .50 basis points. Mideast turmoil, if we don’t get a pullback here we never will.
Futures are not caring
just realized, market is closed monday.
Pressure is to the upside, don’t fight it. Tgt is 1345 ES imo.
Hey Red, how are you enjoying your freedom of expression and free speech. lol. god bless you. you must be doing a good job, because it’s getting their attention.
Trend lines of SPY: http://niftychartsandpatterns.blogspot.com/2011/02/trend-lines-of-spy.html
Hey gang, isn’t today the 18th? Look at these two article and notice the date on them…
http://online.wsj.com/article/SB10001424052748704657704576149550095264750.html
http://online.wsj.com/article/SB10001424052748703787304575074654273694646.html
It’s not the 19th in Europe right now is it? I found these early this morning. Is this the future?
I don’t understand what you are saying – they are both dated yesterday the 17th in the afternoon.
No, the 2nd link is dated for the 19th… don’t you see it? It’s above the word’s “European Stocks Gain For Fifth Day “. Look again…
http://online.wsj.com/article/SB10001424052748703787304575074654273694646.html
Ok I see it now but I swear I looked at both and they both said the 17th – I am totally losing it!
The very first link says the 17th, the 2nd one says 19th.
Ok I see it now but I swear I looked at both and they both said the 17th – I am totally losing it!
Ok I see it now but I swear I looked at both and they both said the 17th – I am totally losing it!
Ok I see it now but I swear I looked at both and they both said the 17th – I am totally losing it!
One more thing… dziemer emailed me and told me that he seen a FP of 12,379.22 on the Dow. I don’t have a screen shot, but maybe that’s our upside target today as going down is forbidden.
Red, this may be the reason for your site shutdown
http://www.dailytech.com/US+Government+Accidentally+Abuses+Internet+Kill+Switch+Shuts+off+84000+Sites/article20934.htm
Figures… you know the gangsters aren’t going to shutdown real child porn sites, as that’s probably where they find children to abduct for their sick rital sacrifices. Bastards!
Yeah, target the sites that tell the truth and distribute stuff for free don’t you? Oh no, we can’t have people getting free stuff, as that would unchain them from the monetary debt cage.
Ok, here’s what I’m seeing…
http://reddragonleo.com/media/European-Stocks-Gain-For-Fifth-Day-dated-one-day-in-the-future.jpg
Notice the date says the 19th?
Ok, here’s what I’m seeing…
http://reddragonleo.com/media/European-Stocks-Gain-For-Fifth-Day-dated-one-day-in-the-future.jpg
Notice the date says the 19th?
New intraday FP alert… 135.14 spy!
http://reddragonleo.com/media/fp-spy-intraday-135-14-02-18-2011.jpg
dam, yer fast.
beat me to it.
(confirmed).
Two pairs of eyes are better then one… you can post the next FP GG! LOL
New intraday FP alert… 135.14 spy!
http://reddragonleo.com/media/fp-spy-intraday-135-14-02-18-2011.jpg
New intraday FP alert… 135.14 spy!
http://reddragonleo.com/media/fp-spy-intraday-135-14-02-18-2011.jpg
New intraday FP alert… 135.14 spy!
http://reddragonleo.com/media/fp-spy-intraday-135-14-02-18-2011.jpg
QQQQ Chart: http://niftychartsandpatterns.blogspot.com/2011/02/qqqq-support-and-resistance-levels.html
Rheumatoid arthritis ads? can we have the russian girls back?
teehee.
Yeah, that’s a pretty broad audience!
broad? was that a pun?
😉
huge numbers on the ES DOM
Explain… bullish or bearish?
means big volatility coming up imo
Ok… thanks!
cannot tell if bullish or bearish, could spike up to 1340-1. A good break of 37 is ST bearish.
Nice. Also big put vol on 1300, 1330 and 1340 yesterday…
Red, I just got perhaps a better number 1342.50 as a tgt.
Well, dziemer seen a FP of 12,379.22 on the DOW, and we also have this new FP of 135.14 spy, so I’d say we go to at least 1342.50… or higher.
Unions crying about concessions on statehouse lawns and our governmet throwing money at the banks to manipulate the stock and Bond market. Seems to me the anger is being vented at the wrong level of government, but that’s just my opinion…
Wake me up when there’s some volume to the downside. I think I’ll hibernate for awhile…
It’s not likely to have any volume today, that’s for sure! With that overhead intraday FP that showed up this morning, I’d say we go up… not down.
final spike to 1342 coming up altho they could double top it on the 15
Hey Leo. Did you see how WSJ had an article about the same time last year, with the SAME headline? “European stocks rise 5 days in a row” last year of the 19th, this year on the 17th. Something smells fishy. I posted this on Seekers blog.
“European stocks gain for fifth day” if you google that… You’ll find the full articles
Yes… that’s where I found it! Cool, so you were the one posting it on Seekers blog? That’s great… I like his blog! Lot’s of good stuff there.
Yea I am a frustrated bear. Thus the handles lol. “Nevergoingdown” sigh I digress
LOL… join the club! I’d say most of the readers here on this blog are frustrated bears.
just saw something, on my price clusters there is nothing between ES 1342 and 50. Careful shorting.
Was even the SAME author!
Silver surpassed $32 easy.
Not even option X can stop this melt. Every single bear will be dead in the woods. Maybe the bulls will have to turn their swords on each other then.
Odds are favorable for a lower close….overbought into OPX does not fare well for the bulls. Close should be interesting.
What do you make of that upside FP of 134.15? It could be the closing price today?
I meant 135.14…. duh! (typing too fast… 10 words a minute)
If that happens, lord have mercy! Now that would be a blowoff!
I got is this morning…
http://reddragonleo.com/media/fp-spy-intraday-135-14-02-18-2011.jpg
S/P has closed negative 16 out of the last 19 Feb OPX days. I like those odds…..only time will tell. g.l.
You got my email address Robert… use it sometime. 🙂
Kudlow just called Bernanke the “Bernank”. Wonder if he’s become a closet blogosphereophile.
Wait for them to start calling out THE William Dudley ; – )
All Hail “The Bernank”!
AAPL Chart: http://niftychartsandpatterns.blogspot.com/2011/02/apple-near-50-hour-moving-average.html
ES target 1342
hotoptionbabe.com
I wonder if that matches up with that 135.14 spy FP? Probably pretty close…
yes 🙂
Q’s just hit the FP from this morning, before the open. Should be able to see it on thinkorswim.
HI ACP thank you yes!
cooling fan just speeded up on my puter, pop coming
theres my 1390 call on gold 🙂
European shares mostly traded down today.
out of my long ES at 42.25
SPY false print to the downside!
we ignore those right?
LOL… yes, I see it! But it’s outlawed GG… only upside FP’s are valid.
I have SPY 134.61 as a yearly pivot.
let’s see if it camps here for today.
OpX friday bore, or surprise?
It’s a beautiful day here in Florida… just the right temperature. I’ve got the doors open and the windows too! A perfect 73 degrees… not too hot or cold. So if I disappear today, I fell asleep in the hammock. (That’s my story and I’m sticking too it!)
lol
60 here, rain tonight.
dam those low pressure headaches.
Cooling fan not doing anything on mine yet…
LOL!
ahahhahah
ahahhahah
hi i am new here this looks like buy the dip contunues and big ben isout of control but stay long here
Well Bullgirl, you should be safe up to the intraday FP of 135.14 spy, as I expect it too be hit today.
ding ding ding!
give that man a cigar.
Well Bullgirl, you should be safe up to the intraday FP of 135.14 spy, as I expect it too be hit today.
Well Bullgirl, you should be safe up to the intraday FP of 135.14 spy, as I expect it too be hit today.
Well Bullgirl, you should be safe up to the intraday FP of 135.14 spy, as I expect it too be hit today.
possible drop to 37.75 to 39 coming up, has to start to happen within 1/2 hr.
possible drop to 37.75 to 39 coming up, has to start to happen within 1/2 hr.
Something to keep an eye on:
http://www.dailyfx.com/forex/market_alert/2011/02/18/Euro_Regains_Footing_on_ECB_Comments.html
Euro was poised for a drop until some ECB dufus decided to “talk” the Euro up. Silver POPPING!
Something to keep an eye on:
http://www.dailyfx.com/forex/market_alert/2011/02/18/Euro_Regains_Footing_on_ECB_Comments.html
Euro was poised for a drop until some ECB dufus decided to “talk” the Euro up. Silver POPPING!
Something to keep an eye on:
http://www.dailyfx.com/forex/market_alert/2011/02/18/Euro_Regains_Footing_on_ECB_Comments.html
Euro was poised for a drop until some ECB dufus decided to “talk” the Euro up. Silver POPPING!
The fact that silver is breaking out makes methinks that JP Manipulation will want to tank this market to correct commodities. I guess time will tell.
loving my long Gold and adding at support levels :P)
That’s one thing the gangsters can’t seem too manipulate… LOL
will add @ 1385
support if everything lines up but 1342 (off by .75) down we go Red!
I see GLD about to fall, careful here. . . Could be wrong. . Called the ST bottom in oil two days ago.
long ES at 40.75
Still in?
yup
Wow, look at silver dive! Now we know where JP Manipulation used their POMO money today! The silver margin call is at 3pm EST today, and they’re pulling out all the stops to push it down! Woo-hoo!
90 minutes left……could see another pop shortly after 3pm…
PMs goin down IMO
Added to ES, E/$ flying
Yeah, euro pump now. Gonna close near highs.
lower highs should see some nice selling
yeeehaaa
Gold support again 1385
crude 88.58
little bounce then lower 😛
I’ve been hanging out at TTW.
hey, I think the FP’s to the downside are back in service.
hehehe
over ES 1340 puts bull under today again
Well, I don’t know what happened but every time I refresh the page I can’t find the hot russian babe? I think she run off with GG or ACP? Bummer…
Nope, i see the Russian girl for the first time actually right now. She actually looks American. She does have nice “posture” Plus she’s VERY attracted to western men.
She must be picky on who she decides to show up for… and I guess she doesn’t like me anymore. LOL
For some odd reason, I am craving Red Lobster. Gonna see if Shooter McGavin is down to go with me this week-end.
For some odd reason, I want to use my credit card at PEI WEI.
🙂
For some odd reason, I want to use my credit card at PEI WEI.
🙂
BTW, I make a concerted effort to click those ads ; – )
😉
i wish! but she said she wasn’t into vintage fur!
As much as I’d like to say that we could tank over this 3 day weekend… I won’t. Mainly because of that new intraday FP of 135.14 spy… which will likely be hit next week. So, I’ll only say that I’m clueless as to what next week will bring?
RDL, there is nothin between my 1342.50 ES and 1350, if it breaks 1342.50, it will shoot up like you have never seen.
Well, I only know that the upside FP’s have been working lately while the downside one’s are ignored. We’ll see next week I guess…
Who knows for sure babe, you can’t ever say for sure anything. But i do have on shorts Apple spys, long Gold Crude add to gold 1385 very bullish chart
Agreed… no one knows for sure. So I’ll just stay out of the market over the weekend, as I don’t want to chance another Bullish Monday… Tuesday, whatever!
no i hear you…the gangsta’s have the market in their dirty stinky pockets!
clueless is good.
it’s brings humility. insight. planning.
and freshens breath.
ConvictScott over on ES say bias was his one common factor in multiple failures.
hahahha you got it!
GLD setin up to fall.
6 month chart on SPY is plain ridiculous!
beyond!
HyperInflation (in stocks!)
http://en.wikipedia.org/wiki/Zimbabwe#Hyperinflation_2003.E2.80.932009
A real leader…
http://www.snopes.com/politics/soapbox/iacocca.asp
Read his comments. Obumba should take some notes.
I always thought Lee Iacocca was a sharp fellow, and since he said “Throw Out All The Bums” in that article… I know he’s a really sharp fellow!
Friday next week, GDP numbers come out. Then on the last day of Feb, the William Dudley speaks on Monday the 28th.
who is he, and why should I care.
Oh! full moon tonight b!tchz (it’s a zerohedge thing)
http://www.fullmoon.info/en/fullmoon-calendar.html
Cool website/blog theme!
if you tilt your head, it looks like Full Moan.
but I’m not goin there.
Especially if you accept those friend requests from Lola & Nikki too…
who is he, and why should I care.
Oh! full moon tonight b!tchz (it’s a zerohedge thing)
http://www.fullmoon.info/en/fullmoon-calendar.html
I think the general rulez state:
1) If a good number comes out, buy.
2) If a bad number comes out, buy.
3) If anything happens that’s not covered by #1 or #2, buy.
remember those FP’s hitting key technical indicators?
yeah, today it hit one of mine.
I call the blue bollinger, my river of death. the FP touched it.
http://tinypic.com/r/2rdaj48/7
we shall see if the dojis left on the rut and nasdaq lead to a little pullback next week.
Sorry GG, you must be in the desert cuz that “river” is just a mirage in uncle Benny’s world…
how much of that treasury money is going out next week?
clueless, says 90 billion of something treasury related is getting sold.
http://www.thecluelessqtrader.com/
this sidebar link shows 24 billion next week
http://www.newyorkfed.org/markets/tot_operation_schedule.html
MSFT Chart analysis: http://niftychartsandpatterns.blogspot.com/2011/02/msft-weekend-update.html
off topic, the phone company and water and power co, have discount programs to help people under a certain income. as far as i know the gas co, and the banks, do not, never have and never will—therefore they work for lucifer, according to most known religions.
Well, that’s makes sense… as “gas” does create “fire”!
Check out this guys analysis on the Aussie dollar chart.
WoW!!! Better watch it like a hawk!!
http://www.youtube.com/watch?v=Jfbn_tZvETA
How do you see that bullish move on the Aussie dollar affecting the US dollar… which in turn effects the Dow, S&P, etc…
RED,
i am baaaaack from my travels to Atlanta. So what did i miss??? anything? huh?? did the market crash and make us all WEALTHY?? well i will study the charts today – and see if the break has produced new and profound insights for me to share…..
Glad to see you back Richie. Now rub that crystal ball and tell me where the market it going next week.
red,
on the technical side, the market is up against some big trend lines – one going back 80 years, which will act as resistance and which will make for the seemingly unfettered march up more difficult. this portends some sideways action. As we all know – this market is absolutely manipulated and is the play ground of jpm, gs, ms, bac, etc…. it seems to me this melt up (while driving bears like us crazy) is a constructed and engineered effort by the manipulators to create frenzy of buying. the goal seems to be to sucker in as much niiave public retail money as possible in a blow off top type of fashion… the msm is sure accomodating this effort….
so my prediction for next week is sideways action – with the possibility for a very controlled down action – nothing more than 10 points of downside. 3/11/11 is just around the corner you know
AAPL Weekend update: http://niftychartsandpatterns.blogspot.com/2011/02/apple-weekend-update_20.html
Cobra’s blog… looks like we will continue to the moon
http://cobrasmarketview.blogspot.com/
New Post…
Here is a good article – looks like the “Mother” of all indicators is saying we have found a top… read both pages…
http://www.thedailycrux.com/content/6887/Jeff_Clark
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