I see. Been short financials for awhile now, due to there continued weakness despite pushing higher, but I see what you mean. Plus, holding over a weekend is a pain. Both flat, or wrong direction, hurt you.Only thing I found odd, if they plan on crashing next week, was closing near the lows
The charts are very bearish and clearly point to a move down on Monday. There is a small head and shoulders patterned from last weeks’ moves and a larger head and shoulders pattern going back to late July. Then and even larger head and shoulders going back to May… so yes everything is extremely bearish.
But, every time in the past I see patterns like this they end up fooling me with a tricky move to the upside first. So I decided the safe move was to stay in cash to see what happens on Monday. From looking at the charts I’d say there is a 90% chance of opening down on Monday morning.
However, everyone else sees the same thing I do… meaning they could do the opposite and open up on Monday instead of down. Or they could open down and reverse really fast and rally all day? I don’t know what they have planned but I know it’s going to be tricky, so staying out of all positions seemed to be the wiser move in my opinion.
You chose to learn and understand..whilst your neighbours CHOSE not to.
Its a choice .Red…and that is something which I think is still largely overlooked by the doomer crowd. They want to blame a few at the top, rather than those around them who CHOSE to remain ignorant.
The US..and even my own nation have EXACTLY the govt. and leaders we deserve.
Permabear, it’s true that the sheep do send their money to these people to invest it for them but most sheep are clueless as to who they are dealing with. Is the the sheeps’ fault for “not knowing” or is the banksters fault for deceiving them?
The sheep are like children that simply haven’t learned yet. The parents are like the banksters, only these parents lie to the children. I’m sorry but I can’t blame the sheep for not understanding who they are doing business with. The banksters are the criminals here in my opinion, but you are welcome to disagree.
As for Hilter, I do blame him… just like I blame his relatives like George Bush. People in power can choose to do good things or bad. Hilter was a nobody and has zero money or power until the Rockefeller’s, Rothshilds, Vanderbuilts, and who knows how many others… gave him money and put him in power.
He was a puppet controlled by these satanists, but he could have said no and not done what he did. I personally would have said no and remained poor. Of course they would have picked someone else but it wouldn’t have been me.
People have the power to be good or evil and those people in power right now are evil. The only way they continue to make money is to lie, steal, cheat and deceive the sheep. You blame the sheep for investing with them but I blame the banksters for deceiving them.
I seriously doubt that the sheep would invest with these banksters if they knew the whole truth. Naturally I don’t invest with the banksters as I’m aware but most sheep are clueless, and I just can’t blame someone who doesn’t understand the system versus someone who deceived them into investing.
But that’s simply my opinion and thoughts and you of course can have a different opinion. I’m sure there are some honest bankers out there, but I just haven’t met one.
Quite the contrary. You are blaming a very few individuals at the top.
It is the SHEEP – as you like to call them, who are to blame.
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You are holding the same philosophical viewpoint as those who wish to blame Hitler for WW2, rather than the German populace. It wasn’t one man who invaded dozens of nations..it was a collective of millions..who ALL actively supported their elected leader.
Don’t go pinning the blame for anything on Dimon or Blankfein, when it is the VERY sheep who are sending them THEIR money, allowing it to be leveraged up..and then expecting ‘good returns’.
Red, you..and the majority have been bitching and whining about the ‘bankster’ CEOs for over 5 years now, and yet…the real problem is the one facing you in the mirror each morning.
I see. Been short financials for awhile now, due to there continued weakness despite pushing higher, but I see what you mean. Plus, holding over a weekend is a pain. Both flat, or wrong direction, hurt you.Only thing I found odd, if they plan on crashing next week, was closing near the lows
The charts are very bearish and clearly point to a move down on Monday. There is a small head and shoulders patterned from last weeks’ moves and a larger head and shoulders pattern going back to late July. Then and even larger head and shoulders going back to May… so yes everything is extremely bearish.
But, every time in the past I see patterns like this they end up fooling me with a tricky move to the upside first. So I decided the safe move was to stay in cash to see what happens on Monday. From looking at the charts I’d say there is a 90% chance of opening down on Monday morning.
However, everyone else sees the same thing I do… meaning they could do the opposite and open up on Monday instead of down. Or they could open down and reverse really fast and rally all day? I don’t know what they have planned but I know it’s going to be tricky, so staying out of all positions seemed to be the wiser move in my opinion.
A small pop. then drop. wuld be nice… but surprised you didn’t go short over the weekend red
hmm.
Well, I can only say, we are all sheep at birth.
It is then a CHOICE, as to what we believe.
You chose to learn and understand..whilst your neighbours CHOSE not to.
Its a choice .Red…and that is something which I think is still largely overlooked by the doomer crowd. They want to blame a few at the top, rather than those around them who CHOSE to remain ignorant.
The US..and even my own nation have EXACTLY the govt. and leaders we deserve.
Scary philosophical point, huh?
Google triangle pattern: http://niftychartsandpatterns.blogspot.in/2013/08/google-triangle-pattern.html
Permabear, it’s true that the sheep do send their money to these people to invest it for them but most sheep are clueless as to who they are dealing with. Is the the sheeps’ fault for “not knowing” or is the banksters fault for deceiving them?
The sheep are like children that simply haven’t learned yet. The parents are like the banksters, only these parents lie to the children. I’m sorry but I can’t blame the sheep for not understanding who they are doing business with. The banksters are the criminals here in my opinion, but you are welcome to disagree.
Sidenote: Interesting video…http://www.youtube.com/watch?v=3u81di6JmXw&feature=youtu.be
As for Hilter, I do blame him… just like I blame his relatives like George Bush. People in power can choose to do good things or bad. Hilter was a nobody and has zero money or power until the Rockefeller’s, Rothshilds, Vanderbuilts, and who knows how many others… gave him money and put him in power.
He was a puppet controlled by these satanists, but he could have said no and not done what he did. I personally would have said no and remained poor. Of course they would have picked someone else but it wouldn’t have been me.
People have the power to be good or evil and those people in power right now are evil. The only way they continue to make money is to lie, steal, cheat and deceive the sheep. You blame the sheep for investing with them but I blame the banksters for deceiving them.
I seriously doubt that the sheep would invest with these banksters if they knew the whole truth. Naturally I don’t invest with the banksters as I’m aware but most sheep are clueless, and I just can’t blame someone who doesn’t understand the system versus someone who deceived them into investing.
But that’s simply my opinion and thoughts and you of course can have a different opinion. I’m sure there are some honest bankers out there, but I just haven’t met one.
No.. that is not what I was implying.
Quite the contrary. You are blaming a very few individuals at the top.
It is the SHEEP – as you like to call them, who are to blame.
—
You are holding the same philosophical viewpoint as those who wish to blame Hitler for WW2, rather than the German populace. It wasn’t one man who invaded dozens of nations..it was a collective of millions..who ALL actively supported their elected leader.
Don’t go pinning the blame for anything on Dimon or Blankfein, when it is the VERY sheep who are sending them THEIR money, allowing it to be leveraged up..and then expecting ‘good returns’.
Red, you..and the majority have been bitching and whining about the ‘bankster’ CEOs for over 5 years now, and yet…the real problem is the one facing you in the mirror each morning.
Regardless..have a good weekend.
Yes, I agree that there are many more gangsters above them and they deserve the same or worst done to them.
You can blame the heads of these companies all you like.
Yet..what about the people/companies that give GS, JPM, their funds?
THEY are the issue…not the CEOs.
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APPLE Weekend update: http://niftychartsandpatterns.blogspot.in/2013/08/apple-weekend-update.html