Yes MsChemeng, Mole isn’t really evil (he just like’s to pretend…. LOL). That was a good post he did, and I’m in agreement with him. Monday will likely be a trend day up, followed by Tuesday and/or Wednesday putting in the topping tail candle and then closing down.
That leaves Thursday and Friday to either rally back up, or continue the move down. Hard too say which will happen, as it will depend on when the selling starts? The quicker it starts the more likely Thursday will rally back. But the later it starts, the more likely Thursday and Friday will just continue the selling pressure.
hey Red…
Good ones die young…well sort of … RIP http://www.youtube.com/watch?v=4O_YMLDvvnw&feature=related
Red, they got everyone confused, just the way they like it…But is obvious that market is tired…I know it’s difficult to be short (or own puts that keep dropping in value), but I use to invest in biotech, and some of my biggest wins were most painful…it’s by design, don’t let the little guy in…However, lots of money was lost by put sellers last time around, and they are just not willing to give signals…as I said before, it will likely by 1987 style, no time to get in or out…I think it will happen sometimes before end of March, when debt ceiling has to be raised and Spain debt refinancing blows up…Bill Gross is already lining up bond vigilantes, not that administration is cornered with debt ceiling…
Here is a view I agree with… http://evilspeculator.com/?p=19432 he is not really evil…
Funny how the public is lead to believe that China is the bad guy, when the bad guy is who the public thinks is the good guy… the Fed’s! Kinda of Ironic… isn’t it?
The public doesn’t know how much oil comes from America. Most people think it’s all from other countries. If they want to take prices of gasoline up… they will, regardless of the actual cost of a barrel of oil.
US Dollar Chart: http://niftychartsandpatterns.blogspot.com/2011/02/us-dollar-breaks-resistance-line.html
SPY Chart: http://niftychartsandpatterns.blogspot.com/2011/02/spy-technical-analysis_07.html
Yes MsChemeng, Mole isn’t really evil (he just like’s to pretend…. LOL). That was a good post he did, and I’m in agreement with him. Monday will likely be a trend day up, followed by Tuesday and/or Wednesday putting in the topping tail candle and then closing down.
That leaves Thursday and Friday to either rally back up, or continue the move down. Hard too say which will happen, as it will depend on when the selling starts? The quicker it starts the more likely Thursday will rally back. But the later it starts, the more likely Thursday and Friday will just continue the selling pressure.
hey Red…
Good ones die young…well sort of … RIP
http://www.youtube.com/watch?v=4O_YMLDvvnw&feature=related
Red, they got everyone confused, just the way they like it…But is obvious that market is tired…I know it’s difficult to be short (or own puts that keep dropping in value), but I use to invest in biotech, and some of my biggest wins were most painful…it’s by design, don’t let the little guy in…However, lots of money was lost by put sellers last time around, and they are just not willing to give signals…as I said before, it will likely by 1987 style, no time to get in or out…I think it will happen sometimes before end of March, when debt ceiling has to be raised and Spain debt refinancing blows up…Bill Gross is already lining up bond vigilantes, not that administration is cornered with debt ceiling…
Here is a view I agree with… http://evilspeculator.com/?p=19432 he is not really evil…
http://cobrasmarketview.blogspot.com/2011/02/02042011-market-recap-25-pullback-now.html
I’ll take a Chinese flash crash oversea’s. HSI down 1500, sometime in FEB. I hope they don’t have to halt the DIA’s.
The end game is WMT, who controls the price of gasoline. something most folks ignore.
Funny how the public is lead to believe that China is the bad guy, when the bad guy is who the public thinks is the good guy… the Fed’s! Kinda of Ironic… isn’t it?
who’d have thought the chinese want to helpthe US worker, by annihilating the gansta’s ?
The public doesn’t know how much oil comes from America. Most people think it’s all from other countries. If they want to take prices of gasoline up… they will, regardless of the actual cost of a barrel of oil.