So on a more philisophical note – does anyone else out feel like they are being “induced” into a ‘trance – like hypnotic’ state since the 09 bottom, just by daily watching the melt up of the markets??/ or am i the only one?? i personally hate trances and illusions!!
Thanks for the update. I agree, it’s not a time to get long. While I still think that we will go up for a wave 2 in the next few days, that’s only short term, and these big boy’s can’t get in and out at that quickly.
So they have to inch their way in, day by day. I bet there has been similar (but smaller) long positions taken on the 3x bear share on the qqqq’s within the last several weeks.
This is just one more nail in the coffin saying that the rally is officially dead, and just breathing its’ last gasp of air right now before finally dying.
would that be a little baby bull flag i am seeing on the spx right now??
kinda looks like a bull, and smells like bull – well then its probably BULL!! LOL
Not sure what this means, but I watch the SQQQ (3x short NASDAQ)….its got 2.1 million shares of float, it had buy volume of 720k shares the first hour of trading today. 1) Could have been people closing positions or 2) could have been new positions….either way, it says the big boys are not likely long the market any longer or may have established massive short positions…IMHO.
BTW, this is the largest volume ever recorded in an hour for this trading vehicle (SQQQ)
http://money.cnn.com/2011/01/31/technology/intel_guidance/
So on a more philisophical note – does anyone else out feel like they are being “induced” into a ‘trance – like hypnotic’ state since the 09 bottom, just by daily watching the melt up of the markets??/ or am i the only one?? i personally hate trances and illusions!!
Dow Jones Chart: http://niftychartsandpatterns.blogspot.com/2011/01/dow-jones-technical-analysis.html
US CIA behind the unrest in Egypt.
http://www.youtube.com/watch?feature=player_embedded&v=UvI6JqiAZjs
Yes, it smells like manure to me (I mean “it smells like a bull” to me).
Thanks for the update. I agree, it’s not a time to get long. While I still think that we will go up for a wave 2 in the next few days, that’s only short term, and these big boy’s can’t get in and out at that quickly.
So they have to inch their way in, day by day. I bet there has been similar (but smaller) long positions taken on the 3x bear share on the qqqq’s within the last several weeks.
This is just one more nail in the coffin saying that the rally is officially dead, and just breathing its’ last gasp of air right now before finally dying.
red,
would that be a little baby bull flag i am seeing on the spx right now??
kinda looks like a bull, and smells like bull – well then its probably BULL!! LOL
Not sure what this means, but I watch the SQQQ (3x short NASDAQ)….its got 2.1 million shares of float, it had buy volume of 720k shares the first hour of trading today. 1) Could have been people closing positions or 2) could have been new positions….either way, it says the big boys are not likely long the market any longer or may have established massive short positions…IMHO.
BTW, this is the largest volume ever recorded in an hour for this trading vehicle (SQQQ)
You’d think that with the riots and Intel’s news that the market would be lower, but that’s not allowed in a rigged game.
Intel halted……because it was going down. NOT ALLOWED!