Thats me banging my head on the keyboard im about ready to throw the towel in.Everything i have learn seems to be wrong.Nothing makes any more sense and the worst part is that i know who to blame but cant do shit about it.Feds have won big time they have close to nuked every bear there is out there in the free market and scared the rest into hiding in some deep hole.Traders on the floor know that retails like us are right but at the wrong time however when they dont even know what to make of anything anymore god help us all.Crash ,correction end of free market .Personally i dont think anyone will disagree that the ones that will tell you when to jump and how high are the Feds.Will it crash short answer is ( YES when they feel like it ).One person saying its gonna crash is termed a mad man,when two say it things become slightly believable,when everyone says it then it becomes the truth however we are witnessing an act of GOD….Feds .I will still stick to my saying that trading is nothing more then a transfer of money from losers to winners as it stands i have a question which is if everyone is winning right now who the hell is losing??????
Well, the market has gone to sleep again. But, it’s a perfect time to tank it tomorrow on the non-farm payroll numbers. Will it happen? Probably not. I’m just dreaming of a “free market”, where technical analysis, elliottwave, fib’s, and support and resistance actually worked.
But I guess that’s only on planet Alice, as there’s certainly not any wonderland here on planet earth. Maybe I should email TheChartPatternTrader and see if he’s got some extra Mud, as I’m probably going to need it tomorrow.
The sad part is I don’t know how many people recognize what is going on. If I post these articles on facebook – my friends all say quit being so gloomy – we want to here about some inane trip you had to the museum!
WTF – don’t these people understand what’s going on?
“There is no official bailout on the books but it is occurring through a slow and deliberate process. Banks know that they are essentially insolvent and they are dumping this junk onto the taxpayer.”
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Thats me banging my head on the keyboard im about ready to throw the towel in.Everything i have learn seems to be wrong.Nothing makes any more sense and the worst part is that i know who to blame but cant do shit about it.Feds have won big time they have close to nuked every bear there is out there in the free market and scared the rest into hiding in some deep hole.Traders on the floor know that retails like us are right but at the wrong time however when they dont even know what to make of anything anymore god help us all.Crash ,correction end of free market .Personally i dont think anyone will disagree that the ones that will tell you when to jump and how high are the Feds.Will it crash short answer is ( YES when they feel like it ).One person saying its gonna crash is termed a mad man,when two say it things become slightly believable,when everyone says it then it becomes the truth however we are witnessing an act of GOD….Feds .I will still stick to my saying that trading is nothing more then a transfer of money from losers to winners as it stands i have a question which is if everyone is winning right now who the hell is losing??????
S&P 500 Hour chart analysis
Well, the market has gone to sleep again. But, it’s a perfect time to tank it tomorrow on the non-farm payroll numbers. Will it happen? Probably not. I’m just dreaming of a “free market”, where technical analysis, elliottwave, fib’s, and support and resistance actually worked.
But I guess that’s only on planet Alice, as there’s certainly not any wonderland here on planet earth. Maybe I should email TheChartPatternTrader and see if he’s got some extra Mud, as I’m probably going to need it tomorrow.
🙁
…Reality used to be a friend of mine…
Same here pez, I don’t think people want to face reality.
I think we need to revisit those after flash crash highs before the drop. Watch 116.16- 117.45 level reached May 10-12
SPY FP at 116.28
The sad part is I don’t know how many people recognize what is going on. If I post these articles on facebook – my friends all say quit being so gloomy – we want to here about some inane trip you had to the museum!
WTF – don’t these people understand what’s going on?
CRE collapse: http://www.nakedcapitalism.com/2010/10/jim-quinn-consumer-deleveraging-commercial-real-estate-collapse.html
“There is no official bailout on the books but it is occurring through a slow and deliberate process. Banks know that they are essentially insolvent and they are dumping this junk onto the taxpayer.”
Yes Midas… they are doing this on purpose. Robbing middle classed and giving it to the rich.