What an F* up market. LOL, Red! Maybe you should start reading your charts upside down and then things will make better sense.
Thats it. I’m done with this market. I wish ya’ll good luck. I will be checking in from time to time.
The tough nut is .. do you follow the crowd and buy into the rally like today .. or do you use common sense and say … “there will be a pull back for a better opportunity”. It seems lately a better strategy might be to start playing both sides of the coin. I am still short on a few … eventually that will win out .. at the same time get long on a few .. that will win out too…. or just stay in cash and wait for a real trend .. though I doubt a good trend will actually play out.
It’s very disheartening to see such blatant manipulation continue. It defies all the charts, but they don’t care… they just refuse to let the market trade freely. If it did, we’d be around 4,000 on the DOW right now, with the high being put in just before the 2000 tech bubble crash. They make Robert Pretcher look like an idiot too, but when you compare the “real” value of the market to gold, you’ll see where it really is. Gold was under $300.00 in 2000 and now it’s around $1,800.00… which tells you Pretcher is right, even though the gangsters manipulated the stocks in the DOW to keep it up.
I am a bit in disbelief. US banks get down graded, some more fluffy news from the EU .. not to mention a general strike in the UK and we get a 3% reward?
Right .. end November on a high note .. markets settle down on Thursday and Friday … then Santa Rally.
There is just no moderation anymore, expect + or – 2% gains any day of the week. Thanks Red for hanging in there.
I don’t have a clue at this point? This move took me by surprise and now I’m caught short too. At this point I think it’s quite clear that the gangsters aren’t going to let this market crash. They are going to just print more and more money until this pig gets so fat that it explodes!
When will that be? Could be never, but Lindsey Williams stated that they will crash in 2012… the exact date is unknown of course, and they could change the plans? I just don’t know what to think right now? I see other people getting short today, but they could get squeezed again tomorrow like we got squeezed today. Hard too win in this casino… especially when they see the cards you have in your hand.
Yes, it looks like Lindsey Williams will be right again. They are going to keep bailing out these pigs until they are so fat with debt that they just explode! Then we’ll see our crash in 2012 just like he said. Too much bullshit here as this move is totally manipulated… but what’s new? They always do this!
From my perspective, this is a valiant effort to close the month above mid-BB which is at 1215.
If it does, I am closing shorts, and opening new month long since both the open and the close would finish above the midpoint. It would also likely finish the week above 1211 which is 21 wk moving average.
Shorts must stop it today or P3 probably not coming for awhile IMO.
What an F* up market. LOL, Red! Maybe you should start reading your charts upside down and then things will make better sense.
Thats it. I’m done with this market. I wish ya’ll good luck. I will be checking in from time to time.
ES Resistance lines: http://niftychartsandpatterns.blogspot.com/2011/11/es-resistance-lines.html
max dow 12100-12200 touching the weekly trendline
The tough nut is .. do you follow the crowd and buy into the rally like today .. or do you use common sense and say … “there will be a pull back for a better opportunity”. It seems lately a better strategy might be to start playing both sides of the coin. I am still short on a few … eventually that will win out .. at the same time get long on a few .. that will win out too…. or just stay in cash and wait for a real trend .. though I doubt a good trend will actually play out.
Thanks Simon…
It’s very disheartening to see such blatant manipulation continue. It defies all the charts, but they don’t care… they just refuse to let the market trade freely. If it did, we’d be around 4,000 on the DOW right now, with the high being put in just before the 2000 tech bubble crash. They make Robert Pretcher look like an idiot too, but when you compare the “real” value of the market to gold, you’ll see where it really is. Gold was under $300.00 in 2000 and now it’s around $1,800.00… which tells you Pretcher is right, even though the gangsters manipulated the stocks in the DOW to keep it up.
I am a bit in disbelief. US banks get down graded, some more fluffy news from the EU .. not to mention a general strike in the UK and we get a 3% reward?
Right .. end November on a high note .. markets settle down on Thursday and Friday … then Santa Rally.
There is just no moderation anymore, expect + or – 2% gains any day of the week. Thanks Red for hanging in there.
I don’t have a clue at this point? This move took me by surprise and now I’m caught short too. At this point I think it’s quite clear that the gangsters aren’t going to let this market crash. They are going to just print more and more money until this pig gets so fat that it explodes!
When will that be? Could be never, but Lindsey Williams stated that they will crash in 2012… the exact date is unknown of course, and they could change the plans? I just don’t know what to think right now? I see other people getting short today, but they could get squeezed again tomorrow like we got squeezed today. Hard too win in this casino… especially when they see the cards you have in your hand.
Hi Red, I opened a short yesterday, do you suggest to close it now?
Ben
Yes, it looks like Lindsey Williams will be right again. They are going to keep bailing out these pigs until they are so fat with debt that they just explode! Then we’ll see our crash in 2012 just like he said. Too much bullshit here as this move is totally manipulated… but what’s new? They always do this!
Central banks acting together to “ease strains.”
From my perspective, this is a valiant effort to close the month above mid-BB which is at 1215.
If it does, I am closing shorts, and opening new month long since both the open and the close would finish above the midpoint. It would also likely finish the week above 1211 which is 21 wk moving average.
Shorts must stop it today or P3 probably not coming for awhile IMO.