and eventually the addict overdoes and the body can no longer take it anymore..in this case..the body is the dollar. If QE doesnt crash the dollar, oil prices going to 200 will…cause oil is priced in the dollar and if oil goes that high, it will go at the dollar’s expense or vice versa..either way..i believe the dollar will collapse along with the american standard of living …lindsey williams says it will happen by end of 2012 and martin armstrong by 2016. In Gold we Trust
BB and Blonder… I just don’t think it’s possible to continue printing money that will continue to rally the market. It’s like a drug addict that takes more and more drugs to get the same high. At some point the drugs he takes won’t get him high, but instead just keep him from crashing. Then finally NO amount of drugs will work and he crashes. The market will do the same…
BB I agree. Ive lost a shit load over the last couple of years fighting this and i have capitulated over the last few months – the only direction this market is going is up. It’s called inflation. If you guys want to get short then your only option is currencies. There may well be further crises to come but I just don’t think the action will centre on indices. Sure indices will certainly experience pull back – but it’s still going to be a case of BTFDip. The money printing just won’t let up in whatever form it takes. Look at all the bad news that keeps coming out and nothing is stopping this baby. We all know it’s engineered, but that’s the way it has always been. The bottom line is, we are all trading to make cash and if we know it’s going up, what’s the point in persisting every week hoping for another massive crash 2008 style? This chap has been pretty much spot on to date http://www.marketoracle.co.uk/Article28641.html
On the video, Red talks about this being P3. But Red, we haven’t even cracked the 200 day moving average and bearishness on multiple indicators is through the ceiling. Now the 200 day MA might give way here, but at what cost for the bears? They’ve taken WAY TOO MUCH TIME to get there, and built up WAY TOO MUCH BEARISHNESS.
I don’t buy that this is P2 of a bigger bear market.
This is one of the most hated stock market rallies in US history. Until people start really LOVING this market and not crying “P3!” or “Recession” every time we get a small correction, then maybe I’ll get bearish. My target for NDX remains 3500 and here is why.
Looks like the rally is on gang… I hope all you bears out there made some nice money on the move down and are now in cash waiting to re-short (unless you switched to being a bull?… LOL). I still think our first major resistance is around the 1310 area and finally the 1350 level.
and eventually the addict overdoes and the body can no longer take it anymore..in this case..the body is the dollar. If QE doesnt crash the dollar, oil prices going to 200 will…cause oil is priced in the dollar and if oil goes that high, it will go at the dollar’s expense or vice versa..either way..i believe the dollar will collapse along with the american standard of living …lindsey williams says it will happen by end of 2012 and martin armstrong by 2016. In Gold we Trust
BB and Blonder… I just don’t think it’s possible to continue printing money that will continue to rally the market. It’s like a drug addict that takes more and more drugs to get the same high. At some point the drugs he takes won’t get him high, but instead just keep him from crashing. Then finally NO amount of drugs will work and he crashes. The market will do the same…
yupyup, just posted some charts and the opex ceiling
http://sharkmarketanalysis.blogspot.com/2011/06/i-spy-spy-132.html
BB I agree. Ive lost a shit load over the last couple of years fighting this and i have capitulated over the last few months – the only direction this market is going is up. It’s called inflation. If you guys want to get short then your only option is currencies. There may well be further crises to come but I just don’t think the action will centre on indices. Sure indices will certainly experience pull back – but it’s still going to be a case of BTFDip. The money printing just won’t let up in whatever form it takes. Look at all the bad news that keeps coming out and nothing is stopping this baby. We all know it’s engineered, but that’s the way it has always been. The bottom line is, we are all trading to make cash and if we know it’s going up, what’s the point in persisting every week hoping for another massive crash 2008 style? This chap has been pretty much spot on to date http://www.marketoracle.co.uk/Article28641.html
You got that right Red, more upside tomorrow…….:)
On the video, Red talks about this being P3. But Red, we haven’t even cracked the 200 day moving average and bearishness on multiple indicators is through the ceiling. Now the 200 day MA might give way here, but at what cost for the bears? They’ve taken WAY TOO MUCH TIME to get there, and built up WAY TOO MUCH BEARISHNESS.
I don’t buy that this is P2 of a bigger bear market.
This is one of the most hated stock market rallies in US history. Until people start really LOVING this market and not crying “P3!” or “Recession” every time we get a small correction, then maybe I’ll get bearish. My target for NDX remains 3500 and here is why.
does June gloom last all month? yes, it usually does…
VIX crashed as expected after the FP as reported on my site on Friday. It hit the print at 1 EST.
Looks like the rally is on gang… I hope all you bears out there made some nice money on the move down and are now in cash waiting to re-short (unless you switched to being a bull?… LOL). I still think our first major resistance is around the 1310 area and finally the 1350 level.
SLV Hour chart: http://stk.ly/ilu9dJ