Hi Clint,
If we get a Jan pullback, NFLX will go to the 150’s—
if no pullback then—
—–
Lets say NFLX reports earnings and (They need to beat by 12%), but they only beat the street by 2%. . NFLX will go down 12% in AH ( but probably won’t, because of gansta’s, long story)—eventually the market will punish NFLX on such lame earnings—Feb is the next market pullback op, if not by then, You then get the grandaddy of all pullbacks–The MARCH pullback.
Bush Jr. once said, ” I want to take the Social Security Money and invest it in the market”
So, that’s what they ( gansta’s) are doing. ( That’s my take). I don’t know if its wise to do this, but then again Reaganomics confused me too!
Banks for years have been showing you an illusion. They sell off bad assets before earnings and buy it back so it doesn’t appear on their balance sheets. They are allowed to lend out 10 times the money they actually have.
It is similar to the Comex paper metal manipulation. It is calculated that for every 45 ounces of gold sold there is only 1 ounce of physical gold in the vault. Gold prices are suppressed 45 to 100 times as much as the underlying physical.
Banks like BAC and JPM who dealt in shady deals deserve to go bankrupt. Unfortunately, I just don’t see it happening. When they do fail, the government will just take them over. Soon the government will own every home loan and fortify the power that they already have.
I must agree, timing is everything… especially with options! I loaded some more of my collection of FP’s to Flickr. Just click the “Photos” button on the toolbar below to see them.
Some of the old one’s have already came and gone. It’s eerie how accurate some of them were. Many of them haven’t been hit yet, so once we do start heading down they should be looked at as “magnets” for the market.
I’ll be watching closing and posting of course, and I’ll also be exiting my shorts at each FP to wait out the oversold correction bounce (should we actually sell off and not continue past my upside FP on the DIA of course).
Yes..everything about our market is here is counterintuitive. Sky high deficit and record borrowing/printing(QE),high unemployment,and high oil(creating rising cost of doing business)..are all being completely ignored by our market. However…rarely does the market move in a logical or timely matter…and of course now..it’s more of a ‘global’ marketplace than ever. The market always seems to move in an ‘anticipation’ rally….or a ‘delayed reaction’ decline.- We all know that’s what makes this trading thing so damn difficult. Getting the ‘timing’ right on a trade is pretty much everything.If our timing is wrong…we could be right…but still be very wrong…and lose a ton of money. Requires that we stay open minded and flexible…or die.We’ll see how the first couple of weeks go. Hope you’re right about that “event”…and sooner than later.
Well..if you expect the s&P to go all the way back to the 1140 area in the the first 3 months(well over 1000 DJIA points)…surely NFLX will be much lower than where it is now…(180ish). –
Yes, that is a problem for the overall market… I must agree. However, I believe some kind of “event” will happen and allow the market to tank while oil rises.
What could it be? Another “False Flag” or just some really damaging news on the banksters (released by Wikileaks of course)… I can’t answer that, but I do see “something” causing a sell off.
This rising ‘price of oil’ issue is a real conundrum for trader’s,especially bearish minded one’s…as the market seems to love higher oil prices, as there are so many oil…and oil service stocks in the S&P.-I actually think if the price oil fell beck to 65 or 70 a barrel…”that” would cause the market fall 10 or 15% here. On the other hand…oil going well over a 100 here will most likely help the markets go much higher here.-So what is the “back breaking ” price of oil to negatively affect the overall stock market ? $150,$200 ? Hard to say for sure…but it’s surely much higher than $100.
Hi Clint,
If we get a Jan pullback, NFLX will go to the 150’s—
if no pullback then—
—–
Lets say NFLX reports earnings and (They need to beat by 12%), but they only beat the street by 2%. . NFLX will go down 12% in AH ( but probably won’t, because of gansta’s, long story)—eventually the market will punish NFLX on such lame earnings—Feb is the next market pullback op, if not by then, You then get the grandaddy of all pullbacks–The MARCH pullback.
Bush Jr. once said, ” I want to take the Social Security Money and invest it in the market”
So, that’s what they ( gansta’s) are doing. ( That’s my take). I don’t know if its wise to do this, but then again Reaganomics confused me too!
Banks for years have been showing you an illusion. They sell off bad assets before earnings and buy it back so it doesn’t appear on their balance sheets. They are allowed to lend out 10 times the money they actually have.
It is similar to the Comex paper metal manipulation. It is calculated that for every 45 ounces of gold sold there is only 1 ounce of physical gold in the vault. Gold prices are suppressed 45 to 100 times as much as the underlying physical.
Banks like BAC and JPM who dealt in shady deals deserve to go bankrupt. Unfortunately, I just don’t see it happening. When they do fail, the government will just take them over. Soon the government will own every home loan and fortify the power that they already have.
I must agree, timing is everything… especially with options! I loaded some more of my collection of FP’s to Flickr. Just click the “Photos” button on the toolbar below to see them.
Some of the old one’s have already came and gone. It’s eerie how accurate some of them were. Many of them haven’t been hit yet, so once we do start heading down they should be looked at as “magnets” for the market.
I’ll be watching closing and posting of course, and I’ll also be exiting my shorts at each FP to wait out the oversold correction bounce (should we actually sell off and not continue past my upside FP on the DIA of course).
Good luck to us all…
Yes..everything about our market is here is counterintuitive. Sky high deficit and record borrowing/printing(QE),high unemployment,and high oil(creating rising cost of doing business)..are all being completely ignored by our market. However…rarely does the market move in a logical or timely matter…and of course now..it’s more of a ‘global’ marketplace than ever. The market always seems to move in an ‘anticipation’ rally….or a ‘delayed reaction’ decline.- We all know that’s what makes this trading thing so damn difficult. Getting the ‘timing’ right on a trade is pretty much everything.If our timing is wrong…we could be right…but still be very wrong…and lose a ton of money. Requires that we stay open minded and flexible…or die.We’ll see how the first couple of weeks go. Hope you’re right about that “event”…and sooner than later.
Well..if you expect the s&P to go all the way back to the 1140 area in the the first 3 months(well over 1000 DJIA points)…surely NFLX will be much lower than where it is now…(180ish). –
Yes, that is a problem for the overall market… I must agree. However, I believe some kind of “event” will happen and allow the market to tank while oil rises.
What could it be? Another “False Flag” or just some really damaging news on the banksters (released by Wikileaks of course)… I can’t answer that, but I do see “something” causing a sell off.
Red Red Red long long winded arrrrrrrrrghhhhhhhhhhh can’t ever get through a whole post! I am bullish on CL IT but hard to read until more volume comes in
http://hotoptionbabe.com/blog/94-where-do-we-go-from-here-is.html
This rising ‘price of oil’ issue is a real conundrum for trader’s,especially bearish minded one’s…as the market seems to love higher oil prices, as there are so many oil…and oil service stocks in the S&P.-I actually think if the price oil fell beck to 65 or 70 a barrel…”that” would cause the market fall 10 or 15% here. On the other hand…oil going well over a 100 here will most likely help the markets go much higher here.-So what is the “back breaking ” price of oil to negatively affect the overall stock market ? $150,$200 ? Hard to say for sure…but it’s surely much higher than $100.
Red I was looking at that video, ( simpson’s) and all I saw was— I heard 5-4, then I saw 11 on the clock—I get 5-4-11–or May 4th 2011…is it just me?