Did the site change? I can post normally and read all of the comments.
That oversold condition I mentioned last week has now been worked off now. In the May to mid July 2008 scenario, once a certain little indicator returned to its current level, the stock indices sold off to new lows back down to the lower BB.
This does have quite a hook ’em horns hockey stick spike seen before a collapse look though.
One disturbing thing though is Barton Biggs, the ultimate Mr. Contrarian, was quoted yesterday by Bloomberg as saying that the markets looked like they could head back down to their 2008 to 2009 lows. Well, he was spot on again as DJIA jumped 500 pts off of his comments. But are his comments good for a one day spike or a new rally?
Definitely one of the enlightened ones’ prime Wall Street tools. Somehow Bigg’s continues to find employment and media coverage despite his horrible track record. It is quite amazing.
Catching up…Steveo posted an indicator a couple days ago regarding a possible fake rally…we gotta make sure all possibilities are thrown out there…I simply lucked out when I blew town by dumping my shorts last week.
here’s a thought. if central bankers did not do what they did today, would today have been different? Odds are yes. We would have closed below 1215 and P3 odds would have been higher.
Does this imply that monthly charts can be manipulated? Yes
Is there any reason why central bankers decided to wait until the last day of the month to pump it through? Also, remember that this was a coordinated effort and wasn’t just the Fed but every major central bank across the board.
Yea, I just went over to Daneric’s and it looks different over there too. But never had a problem reading comments or posting there.
According to ZH, this may have been leaked, which is why the market went total BS the last couple days. Truly the endgame:
http://www.zerohedge.com/news/did-fed-leak-european-bailout-decision-monday-morning-visual-exhibit
Maybe Disqus was redesigned.
Did the site change? I can post normally and read all of the comments.
That oversold condition I mentioned last week has now been worked off now. In the May to mid July 2008 scenario, once a certain little indicator returned to its current level, the stock indices sold off to new lows back down to the lower BB.
This does have quite a hook ’em horns hockey stick spike seen before a collapse look though.
One disturbing thing though is Barton Biggs, the ultimate Mr. Contrarian, was quoted yesterday by Bloomberg as saying that the markets looked like they could head back down to their 2008 to 2009 lows. Well, he was spot on again as DJIA jumped 500 pts off of his comments. But are his comments good for a one day spike or a new rally?
Definitely one of the enlightened ones’ prime Wall Street tools. Somehow Bigg’s continues to find employment and media coverage despite his horrible track record. It is quite amazing.
Catching up…Steveo posted an indicator a couple days ago regarding a possible fake rally…we gotta make sure all possibilities are thrown out there…I simply lucked out when I blew town by dumping my shorts last week.
Red,
I think the bearish case is melting away.
Check out the Gann chart.
http://markethighsandlows.wordpress.com/2011/11/30/new-gann-hurst…30-2011-update/
So what’s new? Did I miss anything? I was overseas the last week…and can see quite the low volume BS rally.
Gold Resistance line: http://niftychartsandpatterns.blogspot.com/2011/11/gold-triangle-pattern-update.html
here’s a thought. if central bankers did not do what they did today, would today have been different? Odds are yes. We would have closed below 1215 and P3 odds would have been higher.
Does this imply that monthly charts can be manipulated? Yes
Is there any reason why central bankers decided to wait until the last day of the month to pump it through? Also, remember that this was a coordinated effort and wasn’t just the Fed but every major central bank across the board.
I’m ready to join you! This market is so far from reality that it just makes me want to puke! Total B.S.!