Hay Red: On an FP related matter. Have you seen the 1-11-11 update posted by Clif High on his website, (Damn…update from Markets entity), regarding a possible sudden derivatives failure associated with the gold/precious metals market? His time frame is a matter of days and likely occurring by 1-25-11, the date of the next Shape report release. What was the FP on GOLD? This could be the catalyst that causes that FP to be hit…
IMHO, even if they sell this market off. I wouldn’t be surprised if there is a large portion of pullback buyers in the wings, waiting.
and even the hint of a QE3 (regardless of ones opinion if QE works) could smack a bear in the face.
-GG
Why would they do that? They are the only one’s buying them! They want them as cheap as possible. I’m probably the only bearish blog left right now, as everyone seems to think we are going to 1300 spx, and/or 12,000 dow.
If they go to either of those levels, they will go higher. They have to fall short of the level to not allow any bears onboard. Once the move down starts, the vix will go up big and the bears won’t be able to buy in at the best price. They will be chasing the tape down, just like the gangsters planned.
Believe me… they want the “puts” as cheap as possible.
I don’t know if it will close down hard, or just sell off a little? If it just sells off a little, then it should continue with Thursday Job’s numbers. Possibly that will be the news event to cause the sell off?
Where is Robert at? I wonder if he still thinks the POMO won’t disappoint? The timing of the POMO ending right when the market is about ready to hit the FP speaks volumes to me.
Whatever they announce, I think it will cause the selling to start. It can’t be a “coincidence” that the market is ready to hit the FP at the last day of the current POMO schedule. I’m sure it was planned that way.
If this market doesn’t roll over after the FP is hit, I’ll be eating mud for breakfast, lunch, and dinner… for the next year!
Just be careful everyone, as nothing is written is stone. While I’ll be risking my money on shorting it, you should all be aware that my exposure of the FP could have changed the plans. So… gamble wisely!
Hay Red: On an FP related matter. Have you seen the 1-11-11 update posted by Clif High on his website, (Damn…update from Markets entity), regarding a possible sudden derivatives failure associated with the gold/precious metals market? His time frame is a matter of days and likely occurring by 1-25-11, the date of the next Shape report release. What was the FP on GOLD? This could be the catalyst that causes that FP to be hit…
IMHO, even if they sell this market off. I wouldn’t be surprised if there is a large portion of pullback buyers in the wings, waiting.
and even the hint of a QE3 (regardless of ones opinion if QE works) could smack a bear in the face.
-GG
Why would they do that? They are the only one’s buying them! They want them as cheap as possible. I’m probably the only bearish blog left right now, as everyone seems to think we are going to 1300 spx, and/or 12,000 dow.
If they go to either of those levels, they will go higher. They have to fall short of the level to not allow any bears onboard. Once the move down starts, the vix will go up big and the bears won’t be able to buy in at the best price. They will be chasing the tape down, just like the gangsters planned.
Believe me… they want the “puts” as cheap as possible.
My thought is they may start driving up the cost of puts & short etfs prior to the highs being hit. Not sure, but we will see…
I’m waiting until 2pm or the FP. They should hit at about the same time I believe. Hit the FP and then release the POMO schedule.
I don’t know if it will close down hard, or just sell off a little? If it just sells off a little, then it should continue with Thursday Job’s numbers. Possibly that will be the news event to cause the sell off?
red,
are you looking for a daily reversal candle?? what degree of sell off were you expecting?? the DAX closed near the HOD……
I think it is time to ease into short etfs and buying puts on high valuation equities.
Where is Robert at? I wonder if he still thinks the POMO won’t disappoint? The timing of the POMO ending right when the market is about ready to hit the FP speaks volumes to me.
Whatever they announce, I think it will cause the selling to start. It can’t be a “coincidence” that the market is ready to hit the FP at the last day of the current POMO schedule. I’m sure it was planned that way.
If this market doesn’t roll over after the FP is hit, I’ll be eating mud for breakfast, lunch, and dinner… for the next year!
Just be careful everyone, as nothing is written is stone. While I’ll be risking my money on shorting it, you should all be aware that my exposure of the FP could have changed the plans. So… gamble wisely!