IF there is a ‘script’ and if there are ‘ganstas’…..then would GS not be with them ? I mean, they are the bag holder for all the FED intervening activity in March 09…..they are the ones who were ‘saved’. We msut agree The FED must show a pretty good profit on all its intervention, at least publically. Therefore, they cannot sell assets (which they hold in a big way) at depressed prices….conseuqently evevated prices can and should be sustained in their minds eye.
Sorry gang, I had to run some errands this morning. Looks like we hit our FP and went past it a hair. Now we wait, and see if she pulls back off.
The 60 minute chart is rolling over now, so we could put in a nice topping candle on the daily if we go negative the rest of the day. Patience is the key now, as everyone else is still expecting 1300 and 12,000… which again, I think won’t happen.
But I’ve been wrong before, so use your “mental” stop wisely.
Sorry gang, I had to run some errands this morning. Looks like we hit our FP and went past it a hair. Now we wait, and see if she pulls back off.
The 60 minute chart is rolling over now, so we could put in a nice topping candle on the daily if we go negative the rest of the day. Patience is the key now, as everyone else is still expecting 1300 and 12,000… which again, I think won’t happen.
But I’ve been wrong before, so use your “mental” stop wisely.
Red, I was thinking about your thoughts on the market crash and then later Hyperinflation possibly in a couple years. While that is one path, I’m trying to keep open to others. I really think your FP’s on gold will tell the path.
From where we are at today, if we go down and hit the 935 FP on gold first, then yes, it sets up a scenerio for hyperinflation.
However, I can see a scenerio where we get a market crash, political turmoil, and possibly war creates a rush to safety of gold/silver (thus pushing it up to 3500/84) – in particular with a VIX print of 349.
After all that settles down, no consumers will have money left and we continue with the deleveraging that should be happening now. To our final low of ??? SPY 20 something (or is there a FP in the 10’s now?) and gold of 935.
remember the FP indicates a script,,, the whole markets are scripted.. there is nothing random about them….. see it for what it is. We overshot the FP to 118.34 on momentum, and already we have backed off…..
IF there is a ‘script’ and if there are ‘ganstas’…..then would GS not be with them ? I mean, they are the bag holder for all the FED intervening activity in March 09…..they are the ones who were ‘saved’. We msut agree The FED must show a pretty good profit on all its intervention, at least publically. Therefore, they cannot sell assets (which they hold in a big way) at depressed prices….conseuqently evevated prices can and should be sustained in their minds eye.
I s there something wrong w/ site again?
Sorry gang, I had to run some errands this morning. Looks like we hit our FP and went past it a hair. Now we wait, and see if she pulls back off.
The 60 minute chart is rolling over now, so we could put in a nice topping candle on the daily if we go negative the rest of the day. Patience is the key now, as everyone else is still expecting 1300 and 12,000… which again, I think won’t happen.
But I’ve been wrong before, so use your “mental” stop wisely.
Sorry gang, I had to run some errands this morning. Looks like we hit our FP and went past it a hair. Now we wait, and see if she pulls back off.
The 60 minute chart is rolling over now, so we could put in a nice topping candle on the daily if we go negative the rest of the day. Patience is the key now, as everyone else is still expecting 1300 and 12,000… which again, I think won’t happen.
But I’ve been wrong before, so use your “mental” stop wisely.
I was thinking a topping candle too, we’ll see.
http://www.youtube.com/watch?v=eKd37fiZ6po&feature=mfu_in_order&list=UL
great EW video…P[3] starts about now!
Red, I was thinking about your thoughts on the market crash and then later Hyperinflation possibly in a couple years. While that is one path, I’m trying to keep open to others. I really think your FP’s on gold will tell the path.
From where we are at today, if we go down and hit the 935 FP on gold first, then yes, it sets up a scenerio for hyperinflation.
However, I can see a scenerio where we get a market crash, political turmoil, and possibly war creates a rush to safety of gold/silver (thus pushing it up to 3500/84) – in particular with a VIX print of 349.
After all that settles down, no consumers will have money left and we continue with the deleveraging that should be happening now. To our final low of ??? SPY 20 something (or is there a FP in the 10’s now?) and gold of 935.
i think clifff diving on the full moon is most fun! tommorrow is a full moon – who knows…. today will be a good looking topping candle
Fuck I hate this why can’t we just fall off a cliff already.
remember the FP indicates a script,,, the whole markets are scripted.. there is nothing random about them….. see it for what it is. We overshot the FP to 118.34 on momentum, and already we have backed off…..