Some how I don’t think we’ll be able to see the crash coming in the charts… only that the charts are bearish for the market right now. Remember, “if” this market does crash, it will be the largest in the history of the stock market and take most traders by surprise. The computer bot’s will take over and a non-stop drop will happen.
While I don’t know if it’s going to happen or not, I can’t overlook the signs that the possibility is there. I’m just taking it one day at a time and staying short. Even if it rallies back up some, I think it’s only a bounce to be shorted… not a new rally to new highs.
I can certainly see that the charts could support a rally to new highs as shown in that chart of the Dow… but my question is, “Where is the money going to come from?”. They aren’t doing QE3 yet, and without that heroin for the market, it can not rally to new highs. Charts say it’s possible, but the lack of money say it’s impossible. I still think we are going to crash, and the high is in for the year (and many years to come).
LOL… the gangsters can’t make any money but their “free money spigot” is turned off! That’s just too funny! I hope that company goes bankrupt in the coming crash!
Goldman Sachs bond traders are leaving because they can’t make money in the bond markets anymore. It has to do with QE ending, and it also shows these guys aren’t invincible. I don’t think Goldman is the one running the show.
Hey Red, have a story and a half for you. Email me.
SPY Trend update: http://niftychartsandpatterns.blogspot.com/2011/08/spy-trend-update.html
Some how I don’t think we’ll be able to see the crash coming in the charts… only that the charts are bearish for the market right now. Remember, “if” this market does crash, it will be the largest in the history of the stock market and take most traders by surprise. The computer bot’s will take over and a non-stop drop will happen.
While I don’t know if it’s going to happen or not, I can’t overlook the signs that the possibility is there. I’m just taking it one day at a time and staying short. Even if it rallies back up some, I think it’s only a bounce to be shorted… not a new rally to new highs.
TLT has gap ups if filled measure down to $96.31 and $94.50 area.TIP has gap ups if filled measure down to $112.87 and $110.50-$110.75 area.
Bond don’t indicate a crash.
http://rocsinvestmentaccount.webs.com/
Boehner Delays Press Conference Until 3:30PM: Trouble Getting A Majority?
http://www.zerohedge.com/news/boehner-delays-press-conference-until-330pm-trouble-getting-majority
This likely means he doesn’t have the votes… which means the market will tank. Maybe we’ll see that 400 point drop in the Dow after all?
I can certainly see that the charts could support a rally to new highs as shown in that chart of the Dow… but my question is, “Where is the money going to come from?”. They aren’t doing QE3 yet, and without that heroin for the market, it can not rally to new highs. Charts say it’s possible, but the lack of money say it’s impossible. I still think we are going to crash, and the high is in for the year (and many years to come).
http://money.cnn.com/2011/08/01/news/economy/debt_ceiling_deal_cbo/index.htm?iid=Lead
LOL… the gangsters can’t make any money but their “free money spigot” is turned off! That’s just too funny! I hope that company goes bankrupt in the coming crash!
http://www.marketoracle.co.uk/Article29471.html. I think we will go as low as 11950 and then that’s it, all aboard the train.
Goldman Sachs bond traders are leaving because they can’t make money in the bond markets anymore. It has to do with QE ending, and it also shows these guys aren’t invincible. I don’t think Goldman is the one running the show.
http://samedaydumpsters.net/1965/dumpsters/goldman-sachs-rates-desk-hemorrhages-traders/