Oh yeah – I was talking about strictly currency; big gaps in the Euro trade.
And yes, there futures look pretty flat for equities, but that can change…
Just have to see how it plays out I guess. Still watching the recent intraday high of 11,247.60. Still holding, longer than any intraday high has held since the beginning of this BS. The clock is ticking on the pumpers to pump the market, so I hope it holds.
Well, so far the afterhours isn’t showing any signs of a gap up. If it doesn’t gap above the 1215-1220 area, then if it rallies up close to that area, it will fail and sell off from it.
Long DTO 61.50, based on bollinger band setups. It feels completely insane to short oil on a day when QE2 gets announced, but here I am. Doing what the chart tells me to do.
A conflicting signal though, is that we still haven’t taken out the intraday high with the usual pump and dump schedule. However, they could be rewriting the rules.
If today isn’t the high, I can see this market never having a correction until the spigot is turned off, which it won’t, because that will cause a selloff. The Fed is now running the entire economy of the US. All companies are having their margins squeezed by inflation, which will only be amplified, now that this cash is going directly into the trading desks of the primary dealers.
Of course, even if a company goes out of business, the Fed still be able to support its stock price. Too bad MCI Worldcom wasn’t around any more, the Fed could prop its stock price up at $90 forever. Doesn’t matter if all the books are cooked and all their assets are sold off, and there are no more actual employees. Just keep that stock price up!
If today isn’t the high, I can easily see this BS pushing right thru the FP, and not stopping until nearly 13,000. Then the market will beg for its next fix and get it. Then 14,000 and 15,000 easily. Gas will be $8,50 a gallon, but that won’t be Madman Bernanke’s concern.
If all the charts are pointing down this hard, and this market manages to push back up to extremely, extremely overbought, I don’t see how this market will ever be able to fail, as long as they get their cash and leverage it. False flag or not.
If today isn’t the high, I can easily see this BS pushing right thru the FP, and not stopping until nearly 13,000. Then the market will beg for its next fix and get it. Then 14,000 and 15,000 easily. Gas will be $8,50 a gallon, but that won’t be Madman Bernanke’s concern.
If all the charts are pointing down this hard, and this market manages to push back up to extremely, extremely overbought, I don’t see how this market will ever be able to fail, as long as they get their cash and leverage it. False flag or not.
Oh yeah – I was talking about strictly currency; big gaps in the Euro trade.
And yes, there futures look pretty flat for equities, but that can change…
Just have to see how it plays out I guess. Still watching the recent intraday high of 11,247.60. Still holding, longer than any intraday high has held since the beginning of this BS. The clock is ticking on the pumpers to pump the market, so I hope it holds.
Well, so far the afterhours isn’t showing any signs of a gap up. If it doesn’t gap above the 1215-1220 area, then if it rallies up close to that area, it will fail and sell off from it.
Looks like there are 2 big gaps left in the EUR/USD trade made in the last 30 hours or so. This may have some effect here shortly.
The next move is up to the spineless ECB. Sad how the only way the US can be saved from Madman Bernanke is if other countries fight him.
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Minimum of 8 more months of +75b$ POMO.The question is how much is already priced in since sept 1st?
Long DTO 61.50, based on bollinger band setups. It feels completely insane to short oil on a day when QE2 gets announced, but here I am. Doing what the chart tells me to do.
A conflicting signal though, is that we still haven’t taken out the intraday high with the usual pump and dump schedule. However, they could be rewriting the rules.
If today isn’t the high, I can see this market never having a correction until the spigot is turned off, which it won’t, because that will cause a selloff. The Fed is now running the entire economy of the US. All companies are having their margins squeezed by inflation, which will only be amplified, now that this cash is going directly into the trading desks of the primary dealers.
Of course, even if a company goes out of business, the Fed still be able to support its stock price. Too bad MCI Worldcom wasn’t around any more, the Fed could prop its stock price up at $90 forever. Doesn’t matter if all the books are cooked and all their assets are sold off, and there are no more actual employees. Just keep that stock price up!
If today isn’t the high, I can easily see this BS pushing right thru the FP, and not stopping until nearly 13,000. Then the market will beg for its next fix and get it. Then 14,000 and 15,000 easily. Gas will be $8,50 a gallon, but that won’t be Madman Bernanke’s concern.
If all the charts are pointing down this hard, and this market manages to push back up to extremely, extremely overbought, I don’t see how this market will ever be able to fail, as long as they get their cash and leverage it. False flag or not.
If today isn’t the high, I can easily see this BS pushing right thru the FP, and not stopping until nearly 13,000. Then the market will beg for its next fix and get it. Then 14,000 and 15,000 easily. Gas will be $8,50 a gallon, but that won’t be Madman Bernanke’s concern.
If all the charts are pointing down this hard, and this market manages to push back up to extremely, extremely overbought, I don’t see how this market will ever be able to fail, as long as they get their cash and leverage it. False flag or not.
The rig is in……….600 bil plus. Loved that shakeout today. Follow the crooks and buy…………Gold should be rallying until year end………..