Remember what Lindsey Williams said about the Euro… once it collapses you will have 2 weeks at the most to get out of all paper! That tells me the stock market will crash hard after that 2 week (or less) period. The writing is on the wall now. While I’m sure we’ll have bounces along the way, the next couple of months are going to be a blood bath I believe.
I’m just sitting on my hands right now… heavily in cash, with only a small long position. It’s underwater of course, but I’ll probably hold it into Monday for the small rally back up. While I think we’ll close at the lows of the day, I do think the 1150 major support area will hold.
The rumors of Greece defaulting over the weekend and the possible 9/11 attacks are all too convenient to my likings. When is the last time you remember the gangsters telling us ahead of time about bad news so we could get short? The usually surprise us afterhours and on the weekend so no sheep can make any money on the short side. I don’t like them telling us all this bad news during market hours because that tells me that nothing is going to happen.
Then they will rally on the “lack of something bad happening”. I’m not saying that we are going to that 1210 spx area, as there looks to be too much technical damage right now from today’s selling. But I could easily believe that a lot of this move down will be retraced before the next wave of selling.
I had a business meeting with Ackroyd once, I blew it completely, I kept laughing throughout the meeting, as the guys face was hysterical, and it reminded me so much of the movie. One of my top ten favs of all time.
Ok gang, seems the bears are in full control now and according to past history, today should be a trend down day. I’ve missed this move down today, but the evidence now points to more selling into the close. So, I’ll have close out my long call spread at a loss on any bounce. I’ll then be getting short for a move into the close today… and more next week. Sorry for the bad call guys… I miss them from time to time.
Remember what Lindsey Williams said about the Euro… once it collapses you will have 2 weeks at the most to get out of all paper! That tells me the stock market will crash hard after that 2 week (or less) period. The writing is on the wall now. While I’m sure we’ll have bounces along the way, the next couple of months are going to be a blood bath I believe.
Looks like the Illuminati Reptilian Gangsters are telling us again what they have planned for the future… http://uppix.net/5/d/0/f17dd966c9e2b7b2b805810df8955.png
Ascending triangle of GOLD: http://niftychartsandpatterns.blogspot.com/2011/09/ascending-triangle-of-gold.html
I’m just sitting on my hands right now… heavily in cash, with only a small long position. It’s underwater of course, but I’ll probably hold it into Monday for the small rally back up. While I think we’ll close at the lows of the day, I do think the 1150 major support area will hold.
The rumors of Greece defaulting over the weekend and the possible 9/11 attacks are all too convenient to my likings. When is the last time you remember the gangsters telling us ahead of time about bad news so we could get short? The usually surprise us afterhours and on the weekend so no sheep can make any money on the short side. I don’t like them telling us all this bad news during market hours because that tells me that nothing is going to happen.
Then they will rally on the “lack of something bad happening”. I’m not saying that we are going to that 1210 spx area, as there looks to be too much technical damage right now from today’s selling. But I could easily believe that a lot of this move down will be retraced before the next wave of selling.
I’d say Eddie Murphy and Dan Ackroyd have now closed their shorts and will enjoy the weekend with all that money they took from the Dukes… LOL!
I was sorely tempted to go long for a dinner out tonight. But Fridays……
I had a business meeting with Ackroyd once, I blew it completely, I kept laughing throughout the meeting, as the guys face was hysterical, and it reminded me so much of the movie. One of my top ten favs of all time.
I don’t think so… I think they were selling to Mortimer and Randolph Duke yesterday. 🙂
Wonder if Eddie Murphy and Dan Ackroyd are accumulating here?
Ok gang, seems the bears are in full control now and according to past history, today should be a trend down day. I’ve missed this move down today, but the evidence now points to more selling into the close. So, I’ll have close out my long call spread at a loss on any bounce. I’ll then be getting short for a move into the close today… and more next week. Sorry for the bad call guys… I miss them from time to time.