Actually, I was talking about the Fed, heheh. The relationship between the Fed and the equities markets is like the relationship between the Highlander and hard drugs.
Keep pumping until you crash and die. Then resucitate and repeat until resucitation is no longer possible.
That is exactly what it’s setting up to be. Except I didn’t really have anything for the 25th except its 2months from the bottom and my cycles guru does have a cluster of cycles around here but they also extend furthur. There was a phat doji yesterday seen at the March 2009 low and black bars for the Nasdaq and QQQQs. I really don’t have any motivation to put on any more positions but I did just muster enought energy to add another emini put.
A big move is definitely coming next week… but which way? The charts say down, but the Fed’s might have other plans. My gut (which is usually wrong… LOL) tells me we are going to have a surprise over the weekend, and trap a lot of bulls.
Yes, this is a waste of a day. It looks like a pause day for the euro,gold, and crude oil. Dojis setup on the weeklies for the stock indices except Nasdaq which has a hanging man.
Actually, I was talking about the Fed, heheh. The relationship between the Fed and the equities markets is like the relationship between the Highlander and hard drugs.
Keep pumping until you crash and die. Then resucitate and repeat until resucitation is no longer possible.
FDIC Called On To Put Bank Of America Into Receivership
http://stock.ly/3qubis
is it time to rally
Hell, I’d be happy with one 30-50 point correction a quarter at this point!
Any kind of pumping past this point would be a breeze up to 12000, which would be assinine. But then again, we ARE talking about the Fed.
“One crash a quarter is all we ask.”
That is exactly what it’s setting up to be. Except I didn’t really have anything for the 25th except its 2months from the bottom and my cycles guru does have a cluster of cycles around here but they also extend furthur. There was a phat doji yesterday seen at the March 2009 low and black bars for the Nasdaq and QQQQs. I really don’t have any motivation to put on any more positions but I did just muster enought energy to add another emini put.
A big move is definitely coming next week… but which way? The charts say down, but the Fed’s might have other plans. My gut (which is usually wrong… LOL) tells me we are going to have a surprise over the weekend, and trap a lot of bulls.
Those are real I believe.
Two spikes on SPY. First one down to 118.14 the second up to 118.34. They want to keep us guessing…
You know, (not forecasting this), but it’s actually the perfect setup for a big sell off on Monday… as no one is expecting anything.
Yes, this is a waste of a day. It looks like a pause day for the euro,gold, and crude oil. Dojis setup on the weeklies for the stock indices except Nasdaq which has a hanging man.