I think the chance that POMO runs out is basically nil. The more POMO money that gets pumped into the market, the worse it will become. Bernanke will say that it “wasn’t enough” and pump more into the stock market. I called this the End Game when QE2 started, and I still believe it. With asset & commodity prices going up while the dollar goes down, an exponential amount of money will be needed.to keep just the status quo.
Hey Red,
Is this P3 going upwards…LOL
Anyway, the longer this goes, the likely we are to see 1987 style crash…they will not let any bears in when it happens…I think all TA is useless at this point, nothing that could be trusted in the past is working any longer…All I see is short squeeze after short squeeze, most obvious being a Euro…
The only thing that hasn’t failed yet, is playing this a black swan way, which is be prepared to lose put premiums until you hit a jackpot…because, crash is coming, it just that no one will be able to get in an short in time to make a profit (long won’t be able to get out, which is worse I guess)…even Gann turning dates were violated, although, they are still holding for Russell and Nasdaq
Good luck to all, flipping a coin would give better results than traditional TA lately.
Mahendra has been calling for 38k for several years now… maybe he’s right?
LOL… you’re probably right! Dow 13,000 tomorrow then!
Blow off top to dow 20k 😉
Hi Red…love your blog but come on now…how many times can you be wrong before you give it up? This market is not going to go down. Period.
New Post…
Good point.
I think the chance that POMO runs out is basically nil. The more POMO money that gets pumped into the market, the worse it will become. Bernanke will say that it “wasn’t enough” and pump more into the stock market. I called this the End Game when QE2 started, and I still believe it. With asset & commodity prices going up while the dollar goes down, an exponential amount of money will be needed.to keep just the status quo.
Dollar needs to rise. Who’s gonna buy our currency? New highs = new buyers.
Ireland and Greece are in the biggest trouble.
Crash coming when the POMO money runs out and I hope that is NOT the case and it happens sooner.
I doubt! The high was only 57.18 today! BWAHAHHAA!!!!!!!!!
Hey Red,
Is this P3 going upwards…LOL
Anyway, the longer this goes, the likely we are to see 1987 style crash…they will not let any bears in when it happens…I think all TA is useless at this point, nothing that could be trusted in the past is working any longer…All I see is short squeeze after short squeeze, most obvious being a Euro…
The only thing that hasn’t failed yet, is playing this a black swan way, which is be prepared to lose put premiums until you hit a jackpot…because, crash is coming, it just that no one will be able to get in an short in time to make a profit (long won’t be able to get out, which is worse I guess)…even Gann turning dates were violated, although, they are still holding for Russell and Nasdaq
Good luck to all, flipping a coin would give better results than traditional TA lately.