More shaking out of the bulls that got on at the neckline? They don’t want any retail getting on board. When commodities go back up, it will take the S&P with it. I think the FP is very real (1388).
I would have liked to see a move up to about 1350 spx to backtest the downward upper trend line of the falling channel, but it’s not looking likely. I don’t see anything bullish today gang? Thoughts?
Now everyone is asking the Government to “create jobs”, well that is hardly the real issue….don’t get me wrong, the lack of jobs is a serious symptom. What needs to happen is we need to legislate to remove lobbying and gifts, and high paid jobs after the politician leave politics. Then we need to elect and train our leaders into understanding that a wealthy healthy economy is created by building products that people need to buy, education, enforcement of contract law so that hard work and innovation pay off, control of the money supply so that planning and saving pay off, and speaking a common language and by that I mean English, not greed. Pull back 90% of Americans working for the Gov abroad and train them in building and managing the factories that will rebuild America. Slash 40% of all Government programs and jobs, and train them in those same factories. The only way to get rid of the long training of “gov work” is to get pushed into real actual make something with your hands and your brain work.
It is really that simple. The hard part is scraping away the vampire squid.
More shaking out of the bulls that got on at the neckline? They don’t want any retail getting on board. When commodities go back up, it will take the S&P with it. I think the FP is very real (1388).
I would have liked to see a move up to about 1350 spx to backtest the downward upper trend line of the falling channel, but it’s not looking likely. I don’t see anything bullish today gang? Thoughts?
ES Chart :
http://niftychartsandpatterns.blogspot.com/2011/05/es-support-and-resistance-levels.html
Now everyone is asking the Government to “create jobs”, well that is hardly the real issue….don’t get me wrong, the lack of jobs is a serious symptom. What needs to happen is we need to legislate to remove lobbying and gifts, and high paid jobs after the politician leave politics. Then we need to elect and train our leaders into understanding that a wealthy healthy economy is created by building products that people need to buy, education, enforcement of contract law so that hard work and innovation pay off, control of the money supply so that planning and saving pay off, and speaking a common language and by that I mean English, not greed. Pull back 90% of Americans working for the Gov abroad and train them in building and managing the factories that will rebuild America. Slash 40% of all Government programs and jobs, and train them in those same factories. The only way to get rid of the long training of “gov work” is to get pushed into real actual make something with your hands and your brain work.
It is really that simple. The hard part is scraping away the vampire squid.
http://oahutrading.blogspot.com/2011/05/jobs-and-wealth-what-really-makes-real.html
well we love you, Red. I want you to know that before you get drowned in the drink, haha, jk.
well we love you, Red. I want you to know that before you get drowned in the drink, haha, jk.
Some idea of bear Target levels IMHO.
http://practicalt.blogspot.com/2011/05/may-09-forecast.html
bulls have about 24 hrs to ‘get it up’.
-GG
You are in rare form RED. This week ought to be interesting…
Forgot the link…
http://reddragonleo.com/2011/05/08/osama-bin-laden-was-killed-in-2001-but-the-release-of-his-death-in-2011-could-be-done-to-stage-the-next-false-flag-event-in-america/
New post…
Osama Bin Laden Was Killed In 2001, But The Release Of His Death In 2011 Could Be Done To Stage The Next False Flag Event In America