Red

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Steveo, are you having any success trading this bullsh@t market?

You know that article about some trader buying $11,250,000 worth of a 20/25 April VIX call spread was on a “main stream media” site… meaning that it could have been put there to trick us bears.

A year or two ago when I heard about the large bet on the dollar going up from 2-3 men that weren’t regulars to the trading floor it was real the market tanked afterwards.  I found out about the trade from one of the Mr. TopStep video’s where those guys actually seen the trade happen.  They’ve NOT mentioned the VIX on any video’s I’ve seen in the past several days, which implies it was FAKE!  More Illuminati tricks to steal from the sheep I’d say.

Another thing that had me concerned about this past Legatus meeting was the fact that they never went up and made a double top.  That lowered the odd’s in my view as I was really expecting the meeting and the double top to line up around the same date.  

Now that the meeting has past I’d say the only thing they decided there was to replace the old reptilian with a new one!  And no change for the stock market, which means it’s still on track to make a new all time high (which we bears want for a crash to happen later this year).

Red, there is one glimmer of hope for us bears, the March 1st sequestration deadline! 8) – I am thinking a good play would be the VIX – right now it’s at around 12.70 – that’s pretty low! I bet the vix goes up nicely come the last week of feb – March 1st is on the friday of that week – My hunch is the will put a deal together over that weekend, so it will be tricky. Maybe buying the vix end of next week, then sell on thurs before the March 1st deadline may be the safe play or looking for a rediculous rise in the S&P, then buy the VIX there.

Sadly, I believe these gangsters are going to grind this market higher for a lot longer then we bears can stand.  Might as well go back into hibernation now…

FACEBOOK Falling wedge: http://niftychartsandpatterns.blogspot.in/2013/02/facebook-falling-wedge_13.html

ES Rising wedge update: http://niftychartsandpatterns.blogspot.in/2013/02/es-rising-wedge-update.html

Man did that survery but it took far too long 22 questions….too much

Hey check this one out, I just did a Checklist of Governments in Terminal Decline (kind of stolen from Simon Black) 
 
http://oahutrading.blogspot.com/2013/02/checklist-for-government- in-terminal.html

Bank of America chart update: http://niftychartsandpatterns.blogspot.in/2013/02/bank-of-america-chart-update.html

GOLD Update: http://niftychartsandpatterns.blogspot.in/2013/02/gold-chart-analysis.html