Right now the media is focused on the bankruptcy of MF Global, which has caused this little sell off in the market right now (not really, as the charts were WAY OVERBOUGHT and needed to pullback anyway… but you have to blame it on something or the Stock Market Bubbleheads on TV wouldn’t have a job).
This Wednesday is the 2nd of November, the day Karen Starich seen a “possible” Flash Crash. The FOMC meeting is that day too, and a couple of things could come out from that meeting. One, Bernanke could announce that there won’t be any QE3… which really shouldn’t scare the market that much. Or two, they could raise interest rates… which should panic the market HUGE!
Now I’m not expecting them to do this, but anything is possible. Whenever this damn breaks, it’s likely to surprise us all. I don’t know the event or the exact date, but I know it coming soon…. very soon!
Volume is very light today, so even with this drop in the market I’m not expecting much to happen today. Just waiting for now. There should still be one more push up I believe.
Midday “quick 5 minute update”….
http://screencast.com/t/Hr0m2TlavemW
Right now the media is focused on the bankruptcy of MF Global, which has caused this little sell off in the market right now (not really, as the charts were WAY OVERBOUGHT and needed to pullback anyway… but you have to blame it on something or the Stock Market Bubbleheads on TV wouldn’t have a job).
This Wednesday is the 2nd of November, the day Karen Starich seen a “possible” Flash Crash. The FOMC meeting is that day too, and a couple of things could come out from that meeting. One, Bernanke could announce that there won’t be any QE3… which really shouldn’t scare the market that much. Or two, they could raise interest rates… which should panic the market HUGE!
Now I’m not expecting them to do this, but anything is possible. Whenever this damn breaks, it’s likely to surprise us all. I don’t know the event or the exact date, but I know it coming soon…. very soon!
Volume is very light today, so even with this drop in the market I’m not expecting much to happen today. Just waiting for now. There should still be one more push up I believe.
http://hotoptionbabe.com/blog/149-anna.html
about the greeks and market update
ES Trend update:http://niftychartsandpatterns.blogspot.com/2011/10/es-trend-update_31.html
SILVER Trend update: http://niftychartsandpatterns.blogspot.com/2011/10/silver-trend-update.html
We are close my friend… and when it happens it’s going to shock everyone.
MF Global filing today. Might have a significant effect.
Not sure that will affect the overall market much, as Monday’s usually have light volume and are easily manipulated.
I told you guys that the US/JPY was the biggest money making opportunity of the year. It just went up three cents, NOW. Huge obalisk move.