TODAY AGAIN, dollar manipulated like nothing else. I’ve actually never seen the dollar manipulated like this ever before, even in recent history. Supposedly, with GREAT US economic numbers, the dollar is tanking like it’s about to default. Another “never before” we can chalk up to Madman Ben.
As I write this comment I have made 6665 previous comments using my Disqus handle “Red Dragon Leo”. That makes this comment number 6666, being made on 1-19-11 (911), when the Dow had a low yesterday of 11,777.99, and a high on the DIA last Friday of 117.77 (think “Unstoppable train, number 777”).
The market also hit our FP on the DIA yesterday, and pierced it a little as expected. What does all this mean? I have no clue. It’s just odd how all this happens I guess?
Does it mean that the final top is in, and it’s down hill from now? Could be? I personally think that “Yes”, the market has finally topped, but I won’t know it that is correct until I go back and look at this post again in the future.
For all the bears that joined on getting short around the DIA FP level, good luck to us all….
i find the timing between the china delegation to the US and the reversal of the (Euro/USD). it is almost as if the Usd caught the ‘asian’ flu (cough). what a grand way to show chinese dominance by arriving in the US to a ‘weak’ reserve currency. Let us see what happens to the equity markets upon Hu’s arrival – which so happens to coincide with the hitting of the FP. maybe there is ‘asian’ flu a plenty for all the markets (cough – bond/muni markets)…. “hu knows??’ Lol
RED here is something for you, another co-incidence to the FP being hit!
http://www.zerohedge.com/article/tom-demark-11-drop-market-imminent
Now that’s FUNNY! Somethings brewing… that’s for sure!
hey, it’s weirder.
my odometer yesterday was 77,177
I kid you not!!!
I noticed that too.
Yes, there are some interesting coincidences…
TODAY AGAIN, dollar manipulated like nothing else. I’ve actually never seen the dollar manipulated like this ever before, even in recent history. Supposedly, with GREAT US economic numbers, the dollar is tanking like it’s about to default. Another “never before” we can chalk up to Madman Ben.
So far so good 🙂
As I write this comment I have made 6665 previous comments using my Disqus handle “Red Dragon Leo”. That makes this comment number 6666, being made on 1-19-11 (911), when the Dow had a low yesterday of 11,777.99, and a high on the DIA last Friday of 117.77 (think “Unstoppable train, number 777”).
The market also hit our FP on the DIA yesterday, and pierced it a little as expected. What does all this mean? I have no clue. It’s just odd how all this happens I guess?
Does it mean that the final top is in, and it’s down hill from now? Could be? I personally think that “Yes”, the market has finally topped, but I won’t know it that is correct until I go back and look at this post again in the future.
For all the bears that joined on getting short around the DIA FP level, good luck to us all….
Red
acp,
i find the timing between the china delegation to the US and the reversal of the (Euro/USD). it is almost as if the Usd caught the ‘asian’ flu (cough). what a grand way to show chinese dominance by arriving in the US to a ‘weak’ reserve currency. Let us see what happens to the equity markets upon Hu’s arrival – which so happens to coincide with the hitting of the FP. maybe there is ‘asian’ flu a plenty for all the markets (cough – bond/muni markets)…. “hu knows??’ Lol
http://market-ticker.org/akcs-www?post=177673
here is something lot worse… Forged Commercial Paper in Chinese banks… there is a link to original story in Karl’s ticker…
also, great chart blog, agrees with FPs and likely timing, scroll down for S&P chart
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3387040
need explaining please! I don’t get it!