A break is coming soon Jim, and even if it’s to the upside, I don’t think it will last too long. With all the FP’s to the downside that are showing up, I’d say October is going to be ugly.
It’s actually showing 2 FP’s… one around 1080, and the other at 885 or so. I wonder if the 1080 print is our first downside target? And then the final target low of 885 or so after that? Pretty scary stuff!
They borrow our money, manipulate the market up with it, then cash out at the top, use the money they stole (errr… profits) to pay us back our money. Yeah… sounds about right.
Holy Cow Jason! That’s huge! I just read that the TARP program is set to end this Sunday too. With NO money to support the market, a big fall will follow. Thanks a lot…
Here’s the chart to ES FP that i promised to you over cobra’s discussion. I haven’t seen this lately. Actually this is the ONLY occurrence in this week. As i said, i have seen this almost every day of last week.
LOL…
I love that movie! It’s a classic!
I’m tired of this tape! I HUNTING for RED OCTOBER!
A break is coming soon Jim, and even if it’s to the upside, I don’t think it will last too long. With all the FP’s to the downside that are showing up, I’d say October is going to be ugly.
Man the bulls are in charge.
Anna is going bull in a bit I gather and iam still stuck hoping for a bone. The technicals could care.
Not a lot of help in the charts as i see it.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p42080637614&a=209925842
CRUDE oil triangle breakout
It’s actually showing 2 FP’s… one around 1080, and the other at 885 or so. I wonder if the 1080 print is our first downside target? And then the final target low of 885 or so after that? Pretty scary stuff!
They borrow our money, manipulate the market up with it, then cash out at the top, use the money they stole (errr… profits) to pay us back our money. Yeah… sounds about right.
And guess who’s last at the trough? AIG.
http://www.ibtimes.com/articles/67392/20100930/aig-offers-risky-bailout-repayment-plan-will-use-tarp-fund-to-make-fed-exit.htm
They’ll pay off the Federal Reserve with the last of the TARP funds. Pay off the Treasury with the preferred to common share conversion.
UGGH!
Holy Cow Jason! That’s huge! I just read that the TARP program is set to end this Sunday too. With NO money to support the market, a big fall will follow. Thanks a lot…
Red,
Here’s the chart to ES FP that i promised to you over cobra’s discussion. I haven’t seen this lately. Actually this is the ONLY occurrence in this week. As i said, i have seen this almost every day of last week.
http://lh6.ggpht.com/_nWni2LcWFe0/TKYcXNu_y7I/AAAAAAAAAH4/0q0nlxA7j4g/es_fp.png
PS: Chart is from today morning. (Oct 1)