Sorry gang… my host had to shut down the site. It was using too much CPU resourses on their server. I had to install a “Cache” program to reduce the load.
you would think with the 185 basis point pop in the euro today that we would be up?? something is brewing here. the volatility in the FX markets is raising the hairs at the back of me neck…. and yet another first for these markets….. http://www.zerohedge.com/article/sp-melt-price-momentum-once-never-event
From the looks of the 15 and 60 minute charts, it looks like they may decide to keep the 15 in negative territory all day and dip the 60 negative too… therefore allowing a push up tomorrow as both charts could be pointing back up for tomorrow (assuming the 60 just barely goes negative and rolls back up the last hour of the day).
Since most crashes happen on Friday’s and Monday’s, tomorrow could pop higher at the open, and fall back down into the close, putting in a nice topping candle on the daily, (and hitting our FP of course too).
If this happens, then something negative could come out over the weekend and cause a gap down on Monday, followed by a lot of selling the rest of the week.
The bulls will be trapped, and the bears won’t be onboard. as the squeeze up to the FP will shake most of the them out (whether that happens today or tomorrow doesn’t matter).
I know that the Fed’s are pumping more money into the system, but I think the FP is more important then the POMO schedule. It’s there to distract us sheep, as everyone has now caught on to the idea that as long as POMO exists the market will go higher.
You know the old saying, once the masses know about it, it doesn’t work anymore. POMO or No POMO, that FP on DIA is still valid until proven otherwise.
If we hit the FP tomorrow, I’ll be getting short. If I lose my money next week on another push higher, then so be it. I’ll live. But the rituals I’ve seen (through these FP’s) have been accurate in the past, and I see no reason for it “not to work” this time.
So if I’m wrong, then they win again. But if I’m right, “something” will be released/staged (aka… False Flag) over the weekend, causing Monday to be a very ugly day.
That’s the same one that DeeDee caught too, be was also unable to get a screen shot of it. That should be the downside target for GS once Wikileaks releases it’s data (whenever that happens?).
Not sure I understand the question? Do you mean the specialists on the Main Stream Media (MSM)? The msm is there to get the sheep to invest there money in the casino so the house can take it.
They rarely, if ever, speak negatively of a company. When they do, the bottom in the market is near. Remember, they are paid to be on TV, and their bosses own most of the companies they analyze.
As for those that “specialize” in certain sector or area, they are getting paid by the sheep to invest the sheep’s money (mutual fund companies, etc…).
These specialists may or may not know about the fact that the market is rigged (most don’t know, that’s why those companies will lose money for the sheep in bear markets). Regardless, they get paid for their “advice” and make money through “bonus”… that they set of course.
So they pump themselves up as “specialists” in whatever area they cover, but most sheep would stand a better chance of making money by simply investing in the company they work for, as opposed to paying these clueless specialists to invest it for them.
If the specialists would get paid like lawyers, then they would go broke. Imagine if your mutual fund company only got paid 25% of your profit. Since most people lost half their money in the 2008 crash, many funds would have went under.
Yet gangsters like Goldman Sachs pays out record bonuses by using YOUR money (without you giving it to them) through bailout programs to manipulate the market, so they can steal the money you actually did put in the market.
That “flash crash” was done to steal all the sheep’s money. They seen all the “stops” in at lower levels and decided to go down there and hit those stops… therefore stealing that profit from the poor sheep who thought they were slowing gaining back some of what they lost in 2008.
There are “specialists” in every walk of life. Some are needed, and others are worthless. Take people like “Dr. Phil” on TV, who makes tons of money telling you how to solve your problems.
Too me… a total scam! If I have a problem I need fix, I’ll ask an old wise man (or woman) that has been through the same problem. I’ll learn a lot more from them then a quack.
But to answer your question… the “specialists” are just out to make a buck from the sheep, and I don’t think have have any purpose or role in “helping rig the market”, as most get paid to advise… not make a profit for the sheep.
Red I saw a Fake Print of about $142-$143 on GS last night on ThinkorSwim on my Iphone. It is gone now, but that would be slightly more than a 61.8% fib retrace from the July low to the current high from last week. If the top is in or in a week or two, that would make sense. That implies a market pullback of at least somewhere in the neighborhood of 10% or more.
Can everyone see the site now? DeeDee, Richie, Jim, John, and everyone who emailed me? Post “Hi” to let me know you’re out there.
Sorry gang… my host had to shut down the site. It was using too much CPU resourses on their server. I had to install a “Cache” program to reduce the load.
red,
you would think with the 185 basis point pop in the euro today that we would be up?? something is brewing here. the volatility in the FX markets is raising the hairs at the back of me neck…. and yet another first for these markets….. http://www.zerohedge.com/article/sp-melt-price-momentum-once-never-event
From the looks of the 15 and 60 minute charts, it looks like they may decide to keep the 15 in negative territory all day and dip the 60 negative too… therefore allowing a push up tomorrow as both charts could be pointing back up for tomorrow (assuming the 60 just barely goes negative and rolls back up the last hour of the day).
Since most crashes happen on Friday’s and Monday’s, tomorrow could pop higher at the open, and fall back down into the close, putting in a nice topping candle on the daily, (and hitting our FP of course too).
If this happens, then something negative could come out over the weekend and cause a gap down on Monday, followed by a lot of selling the rest of the week.
The bulls will be trapped, and the bears won’t be onboard. as the squeeze up to the FP will shake most of the them out (whether that happens today or tomorrow doesn’t matter).
I know that the Fed’s are pumping more money into the system, but I think the FP is more important then the POMO schedule. It’s there to distract us sheep, as everyone has now caught on to the idea that as long as POMO exists the market will go higher.
You know the old saying, once the masses know about it, it doesn’t work anymore. POMO or No POMO, that FP on DIA is still valid until proven otherwise.
If we hit the FP tomorrow, I’ll be getting short. If I lose my money next week on another push higher, then so be it. I’ll live. But the rituals I’ve seen (through these FP’s) have been accurate in the past, and I see no reason for it “not to work” this time.
So if I’m wrong, then they win again. But if I’m right, “something” will be released/staged (aka… False Flag) over the weekend, causing Monday to be a very ugly day.
Thanks Skaps..
That’s the same one that DeeDee caught too, be was also unable to get a screen shot of it. That should be the downside target for GS once Wikileaks releases it’s data (whenever that happens?).
Not sure I understand the question? Do you mean the specialists on the Main Stream Media (MSM)? The msm is there to get the sheep to invest there money in the casino so the house can take it.
They rarely, if ever, speak negatively of a company. When they do, the bottom in the market is near. Remember, they are paid to be on TV, and their bosses own most of the companies they analyze.
As for those that “specialize” in certain sector or area, they are getting paid by the sheep to invest the sheep’s money (mutual fund companies, etc…).
These specialists may or may not know about the fact that the market is rigged (most don’t know, that’s why those companies will lose money for the sheep in bear markets). Regardless, they get paid for their “advice” and make money through “bonus”… that they set of course.
So they pump themselves up as “specialists” in whatever area they cover, but most sheep would stand a better chance of making money by simply investing in the company they work for, as opposed to paying these clueless specialists to invest it for them.
If the specialists would get paid like lawyers, then they would go broke. Imagine if your mutual fund company only got paid 25% of your profit. Since most people lost half their money in the 2008 crash, many funds would have went under.
Yet gangsters like Goldman Sachs pays out record bonuses by using YOUR money (without you giving it to them) through bailout programs to manipulate the market, so they can steal the money you actually did put in the market.
That “flash crash” was done to steal all the sheep’s money. They seen all the “stops” in at lower levels and decided to go down there and hit those stops… therefore stealing that profit from the poor sheep who thought they were slowing gaining back some of what they lost in 2008.
There are “specialists” in every walk of life. Some are needed, and others are worthless. Take people like “Dr. Phil” on TV, who makes tons of money telling you how to solve your problems.
Too me… a total scam! If I have a problem I need fix, I’ll ask an old wise man (or woman) that has been through the same problem. I’ll learn a lot more from them then a quack.
But to answer your question… the “specialists” are just out to make a buck from the sheep, and I don’t think have have any purpose or role in “helping rig the market”, as most get paid to advise… not make a profit for the sheep.
Red I saw a Fake Print of about $142-$143 on GS last night on ThinkorSwim on my Iphone. It is gone now, but that would be slightly more than a 61.8% fib retrace from the July low to the current high from last week. If the top is in or in a week or two, that would make sense. That implies a market pullback of at least somewhere in the neighborhood of 10% or more.
And all commodities also down with the Dollar down.
Now I’ve seen it all. Dollar index is down 1% and the market is down.
It would be great to have a bearish engulfing day with a little Fed take back party to follow through.