Looks like Poof has said the following in his latest report..
“Bernanke can’t print anymore because the owners of the fed had the plates melted down in China a couple years ago.
Look at the dollar you have in your pocket, I defy you to find anything with date beyond 2010. The military knows this because they helped have all those printing presses taken apart around the world and the machines melted down.”
Yes, it won’t likely be the bottom or the start of “the big one”, but it still should be a very nice meal for the bears.
The feast for the bears won’t likely be until mid-2013 and last for 4 years or more I’d say, but this coming October should fill the bears’ stomach for a nice hibernation nap until next summer.
Would I “buy the dip”? Not until I see a several hundred point haircut on the SPX… and time wise I’d like to see it line up with the next Legatus meeting in February 2013, but I might not be so lucky?
Maybe it only lasts until December and Santa arrives to save the day? Either way I’ll just play the cards dealt to me and look for FP’s as clues.
With QE3 now a reality it does make you wonder what they will do to cause the market to tank in late October? I’m still scratching my head wondering, but that doesn’t change the fact that I’ll still short this pig when the date arrives.
Ritual’s, FP’s, and gangster meetings is about all that seems to work in this rigged stock market. Charts just get more overbought as everyday passes by. At what point could you actually look at a chart and say that it’s time to short it?
The Bears that have been shorting this pig based the charts have been doing so for the last month or more now… and I’m sure they’ve taken a beaten from it.
Yeah, hopefully some FPs start to pop up around then.. Hard to gauge how the market would react if its a devaluation. Logic tells you one thing, history tells you another
STI 40% higher from here?
you judge.
new eps numbers, just released.
http://zstock7.com/?p=6881#disqus_thread
Looks like Poof has said the following in his latest report..
“Bernanke can’t print anymore because the owners of the fed had the plates melted down in China a couple years ago.
Look at the dollar you have in your pocket, I defy you to find anything with date beyond 2010. The military knows this because they helped have all those printing presses taken apart around the world and the machines melted down.”
Time to fight back!
BOYCOTT ELeCTRICITY ON THURSDAY’S!!!!
Even during the turmoil of the 2008/9 collapse wave, we saw a sp’200 pt up cycle during the Santa period.
I would sure be buying late November.
—
Anyway, it remains good to see lookouts for FPs and other such issues, but..for now..primary trend remains UP.
As it is, I’m short, am looking to bail 1430 later this week.
Yes, it won’t likely be the bottom or the start of “the big one”, but it still should be a very nice meal for the bears.
The feast for the bears won’t likely be until mid-2013 and last for 4 years or more I’d say, but this coming October should fill the bears’ stomach for a nice hibernation nap until next summer.
Would I “buy the dip”? Not until I see a several hundred point haircut on the SPX… and time wise I’d like to see it line up with the next Legatus meeting in February 2013, but I might not be so lucky?
Maybe it only lasts until December and Santa arrives to save the day? Either way I’ll just play the cards dealt to me and look for FP’s as clues.
With QE3 now a reality it does make you wonder what they will do to cause the market to tank in late October? I’m still scratching my head wondering, but that doesn’t change the fact that I’ll still short this pig when the date arrives.
Ritual’s, FP’s, and gangster meetings is about all that seems to work in this rigged stock market. Charts just get more overbought as everyday passes by. At what point could you actually look at a chart and say that it’s time to short it?
The Bears that have been shorting this pig based the charts have been doing so for the last month or more now… and I’m sure they’ve taken a beaten from it.
hey red.
What you’re saying is indeed an interesting theory..still.
Yet, we have QE3..the perpetual version now underway (with secondary ramp in January 2013).
Would you not agree, that even if we do fall late October, it is merely a buy the dip opportunity.
I’m sure not saying QE does anything for fundamentals, but it looks like we are going to be ramping all the way into summer 2013 overall.
Two weeks?
Err, QE3 is now perpetual…no end. The MBS is now underway..and bond buying of 45bn a month starts January.
The notion that its just a short term issue..err, no.
CRUDE Oil support levels:
http://niftychartsandpatterns.blogspot.in/2012/09/crude-oil-support-levels.html
Yeah, hopefully some FPs start to pop up around then.. Hard to gauge how the market would react if its a devaluation. Logic tells you one thing, history tells you another