Looks like that fake print was a REAL print. Looks like a flash crash already occurred and $500 mil of trades were cancelled…I guess the Fed has ordered that no equities will be allowed to fall. What a load of crap.
In fact, the media is already preparing for tomorrow’s save & pump with the headlines that B of A is resuming foreclosures. They have to rotate the Politbureau propaganda. Last week it was pump tech will banks tank. This week it will be pump banks while tech tanks. Gotta keep the music going until it’s no longer possible.
I seriously doubt overseas will sell off substantially, especially after yet another BS rally. These markets move in tandem. Why is the US rallying because of a weaker dollar and every other country on the face of the Earth rallying because their currencies are getting stronger? Nope, these markets will be following the US 100%. Hang Seng will be up 200 points today.
Bernanke is engineering a crash. Not a pullback, not a correction, but a crash. And I’m going to enjoy every minute of pumpers selling, getting margin calls, and selling again at huge losses.
However, at the moment, we have absolute wrecklessness.
I don’t think any amount of analysis wil count for a hill of beans until this market absolutely crashes. No pullbacks, no rhyme or reason, just a continuous pump until it breaks is all it is. The pumpers put in trailing stops and keep pumping until the bubble bursts. Is there any reason to do anything else? The media, the Fed, everyone wants to pump this market until it destroys itself, so why not just keep pumping with a trailing stop. Easy as pie.
I bought AAPl at 299 and some change for the wave 2 retrace of this nearly 6% drop.
That fake print is turning out to be pretty prophetic. I’m going to try to close some of my longs in my retirement account around that level (bought around June8th).
I think that the issue with AAPL was “not enough iPads sold” — whether this is due to AAPL not making them fast enough or not enough demand will be figured out soon enough.
Remember many months ago, there was a fake print on the Dow or DIA that corresponded to 11,600+? We’re pretty close!
It just continues: Today’s SP high 1185 (58) – July 1 low 1011 or 1010.91=====174. Yesterday was 174 days from April high and today is 175 (58 /also another important number cycleswise scrambled). Today/ yesterday 164/65 days from 5-6-10.
Refresh page for update…
http://www.zerohedge.com/article/spy-flash-crashes-nyse-cancels-500-million-worth-trades
Looks like that fake print was a REAL print. Looks like a flash crash already occurred and $500 mil of trades were cancelled…I guess the Fed has ordered that no equities will be allowed to fall. What a load of crap.
I don’t know how reliable it will be Dread? Too many people seen it… and you know what happens when everyone sees and thinks the same thing.
In fact, the media is already preparing for tomorrow’s save & pump with the headlines that B of A is resuming foreclosures. They have to rotate the Politbureau propaganda. Last week it was pump tech will banks tank. This week it will be pump banks while tech tanks. Gotta keep the music going until it’s no longer possible.
I seriously doubt overseas will sell off substantially, especially after yet another BS rally. These markets move in tandem. Why is the US rallying because of a weaker dollar and every other country on the face of the Earth rallying because their currencies are getting stronger? Nope, these markets will be following the US 100%. Hang Seng will be up 200 points today.
Bernanke is engineering a crash. Not a pullback, not a correction, but a crash. And I’m going to enjoy every minute of pumpers selling, getting margin calls, and selling again at huge losses.
However, at the moment, we have absolute wrecklessness.
I don’t think any amount of analysis wil count for a hill of beans until this market absolutely crashes. No pullbacks, no rhyme or reason, just a continuous pump until it breaks is all it is. The pumpers put in trailing stops and keep pumping until the bubble bursts. Is there any reason to do anything else? The media, the Fed, everyone wants to pump this market until it destroys itself, so why not just keep pumping with a trailing stop. Easy as pie.
I bought AAPl at 299 and some change for the wave 2 retrace of this nearly 6% drop.
That fake print is turning out to be pretty prophetic. I’m going to try to close some of my longs in my retirement account around that level (bought around June8th).
Here’s an easy thousand bucks…
http://zstock7.com/wp-content/uploads/2010/10/STRA-10-18AA.jpg
Yes Dread… that’s print still haunts me. We could just correct for a couple of days and reverse back up with that final target in mind.
I think that the issue with AAPL was “not enough iPads sold” — whether this is due to AAPL not making them fast enough or not enough demand will be figured out soon enough.
Remember many months ago, there was a fake print on the Dow or DIA that corresponded to 11,600+? We’re pretty close!
It just continues: Today’s SP high 1185 (58) – July 1 low 1011 or 1010.91=====174. Yesterday was 174 days from April high and today is 175 (58 /also another important number cycleswise scrambled). Today/ yesterday 164/65 days from 5-6-10.