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iMeltup
After selling out all its iTimber apps in stock, the bipolar, ritalin addicted client base is now ravenously buying every available iMeltup app available at the Liberty 33 flagship store. Next up in the release queue: iQE.
Seriously, to all those who need to look up the definition of Alpha to remember just what it once was, our condolences.
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There is NO paper in the pit...NONE!
SkyNet wins again as the shorts fold as easily as a lawn chair.
Happy one year ZH birthday Fidel Sarcastro.
No cake for you since you're a commie. :>)
LMAO. The Avatar is Benron the Commie
LOL
I need glasses. All I see is red and black. :>)
Well, when I closed out my shorts this morning, I guess that was a good decision. I'd be friggin po'd right now if I hadn't.
There is always paper in the pit, but today they were conspiring to fade the locals using skynet once again.
Oh My God!!! nipples for lunch.... in green... courtesy of CNBC... these things are just massive!!
Its just the TA traders 38.2%* (around 1005 on the ES) orders being triggered.
* 38.2% of the whole move of the March 09 lows.
Naah, they're just throwin in a little lunchbreak headfake.
Thanks for your participation. We return you now to our previously scheduled crash into tomorrow pm.
LOL, the shorts are smart. Got their beer money and said let's go blow things up with fireworks. They are gone for the weekend. Tuesday morning they'll return and lay the wood again.
Very nice, theres an app for every market condition.
But ES come on, 12 handles in 20 minutes on no news? Ya..go figure..
Only way the wall street goons can scrap more coins from 'investors' is make things seem OK thus these reasonless meltups which allows them to sell their inventory at higher prices. Even my dog was expecting some reversal like this to happen today.
However, the trend is obviously broken and I think we will see another tankage in the near future, of apocalyptic proportions, then Obama admin will pull out the last rabbit in their hat, which is to ban short selling all together.
Sell to whom? Each other?
Who else? People who use Financial advisors.
Happy ZH first birthday Divided States. Thank you for your ZH contributions.
CD
Same to you bro. A shout out to ZH for their fine work and wishing all of us here, especially people like you who have been steadfast in your beliefs (and rightfully so), can all look back a year from now and see that our contributions here have actually done something to make this world a better place for everyone. Actually not everyone. A big EFF U to them bankers
+1 re CD
Prayin' ZH is IP-reachable one year from now. Amen.
Soon to be released: iNightclubfire
Prior to a holiday weekend when families would be together could be the worst time imaginable to have the market crash. Hard.
Unless, of course, it achieved an agenda, like QE 2.0.
Call me when they release iVicodin. Then I'll wait in a line wrapped around the mall to get one.
If only there was somebody saying earlier today at the days lows that the market was due for a bounce because of stochastics hitting the zero line...
If only somebody was saying that it would bounce in this morning's itimber post... Oh wait, I was.
Don't you people understand technicals? Things get overbought and oversold all the time.
The market was oversold. Gold was overbought.
Things correct. Once you hit that correction line, the HFT feeds on itself and becomes self fulfilling.
Oh, I see the problem now. I took a close look at your avatar.
If you pulled your head out of your ass we people might be able to understand you.
I would guess we're going to have quite a few short squeezes on the way back to 666, but that is pretty crazy. Still, some speculators think tomorrow's NFP is going to be a positive surprise.
Happy ZH birthday Cursive. I left a ZH (cup) cake back on the Lizzy birthday thread for you.
LOL! Not only did my wife make chocolate cupcakes last night, but one of my co-workers is celebrating her birthday with some cake today! So, it's kinda like you sent it here. :)
I can't believe I just saw them do that. Are you kidding me?
isayF--ktheFedandWallStreet on your repeated (and failed) attempts to rig the market at taxpayer expense.
Why is everyone so surprised? Didn't you hear? The leak was plugged, soverign debt was not as bad as thought, European banks are sound, US banks are all on mark-to-market and sound, credit is flowing to those in need, foreclosures never occured, home prices are on the rise, unemployment benifits were extended, unemployment dropped to 5%, and everyone is spending all of their discretionary money.
Chinese solars!!!
Wow. It was all just a dream. It was surreal.
I dreamed the GOP spiked the election by running an incompetent old geezer, and that some community organizer actually beat out Hillary for the nomination! Then, this new president nationalized the banks, insurance companies, auto manufacturers, student loans, and health care.
It seemed so real. Oh, but anyway, Toto, we're home. Home! And this is my room, and you're all here. And I'm not gonna leave here ever, ever again, because I love you all, and - oh, Auntie Em - there's no place like home!
I have to clean my monitor again; guffaw-induced beverage ejection. It was dirty anyway.
That happens here an awful lot. But why clean the monitor? Just buy another one each week -- it is good for the economy. ;)
You forgot to tell them the part about how the state of Michigan got disenfranchised after some mick --- yeah, the one who didn't want windmills obscuring the view from his Cape Cod mansion --- dictated that the community organizer was going to be president.
And then, oh how she cried when Auntie Em explained that she could get reaquainted with her bedroom for a week and then they would have to move because the bank had forclosed on the house.
Buy physical gold. Everything else will be manipulated in a continuing - but ultimately futile - attempt to keep the markets up.
I wonder how many billion Bernanke and his chums had to print today, to support the market in this ridiculous fashion.
Free markets my arse.
LOL.
And gold isn't manipulated?
It's down $35/oz today because....the world's problems are suddenly all 'well contained"?
No, it's down because Europeans are trying to raise cash to cover redemptions.
This is a temporary effect, though it could continue for a couple of months. Something tells me that it won't last more than a couple of days, though I don't have anything to back that up.
I'll second that instinct.
Because nothing now lasts months, not weeks. Everything happens in days and hours and minutes and soon, seconds.
The wheels are fine and then wheels come off all in an instant.
Look at HOW gold moved. Opposite to the Euro, and down at exactly the same time as the dollar. In a span of a few minutes.
It seems to me that somebody is selling gold in exchange for various non-euro currencies, using those currencies to buy Euros, which squeezes the euro shorts, and then using the euros to buy back gold as it falls against the rising euro. Rinse and repeat.
Make sense?
Gold was priced too highly because it was trading on technicals, and now the technical formation broke. It actually broke a couple of days ago when the price went below 1240. Then it went back up to 1240 to test the trendline, and when that failed to hold...
....... splat.
It's still not done going down either.
I just don't get how you people can say it's manipulated every time it goes down but that it deserves to go up every time it's up.
Fundamentally, it deserves to go down. Technically, you had a case for a bull market for a while there.
Now the technicals have changed. Will your mind?
Yeah, I see you point, below $1,000 in the next 24hrs I would say.//sarcasm off
Cockroaches come out from under a stone more often than you show your face on here, but then again cockroaches haven't been disgraced as much as you have on this site.
Got physical?
When did I say below 1000 in the next 24 hours?
Of course, that would be more accurate on a percentage basis than "going to 2000 by June" like so many goldbugs voted in November...
I don't come on here as much because there's no point. Why argue with people that have irrational views like "gold to 25000?"
If anything, you all should thank me for my recent technical analysis regarding the rising wedge. I just hope that you don't do the right thing and go long here.
No one else said it, at least not in this thread...
NICE AVATAR (EscapeKey)! Very timely. Got any secrets?
The volume on the upside would seem to break the no volume meltup pattern. WTF is advancing?
Just a routine lunch-hour relief bounce. I'm guessing a close below 1010.
Possible, but i say it closes UP..and no matter the # tomorrow, the mkt rallies again. However, I trade what I see, not what I think. If it drops, I'll sell the bejezuz outofit.
Wow, did not see it coming.
Who would have thunk they would jam the market again?
It only happens...you know...every time.
If only there was something that could predict these kinds of events... something called stochastics...
If you practice this act in front of the mirror a little bit each day it might become a bit more believable eventually.
Just a suggestion.
LOL
tyler
love your opening lines
It's a death-cross celebration!
+ a technical!
Don't get too excited fellow grizzly bears. SPX was at 1081 on Monday, we have already seen a 71 point drop in THREE trading days. 1010 looks like a short term bottom. Next true support level is 865. That is a loooong way down. So expect new support levels to be formed. As a trader, the sharp bounce off of 1010 is a massive technical signal. Yes, the news has been bad but not horrible enough to justify a straight plunge to 800 level. Also consider the market is pricing in and expecting a release of QE2. Imagine if market participants were told that QE2 was an IMPOSSIBILITY? If this were the case then 666 would be broken by the fall. However, because QE2 is a certainty, the market will only fall so much. With QE2 being a certainty, it makes no sense for markets to plunge. Better to own equities then FRN in the event of currency obliteration.
Better to be out of fraudulent paper "assets" altogether.
I absolutely agree. My statement refers to the mainstream investment community. On the news of QE2 arrival, fund managers and hedge funds will pile into stocks. They dont trust PM's as much.
I see Daneric is saying 990 as a possible low. I wouldn't rule out overthrow to 980 or even testing 944/950 before the minute ii bounce. That's if we're not being too hasty with these waves.
http://danericselliottwaves.blogspot.com/2010/07/e-minis.html
The same Daneric that is predicting gold to hit 450 an ounce after a while?
Oh, but you wouldn't listen to him then, would you?
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3271025
(gold chart at the bottom of page 1)
@Johnny Bravo
While I understand the gold story and sympathize, I'm a strong dollar deflationist. Where would you think otherwise?
My apologies then.
I was merely pointing out that even though I'm a gold bear, not even I agree with all of Daneric's TA. I think that gold to 450 is probably too low.
Is it really a certainty though. The wording out of the G20 summit sounded pretty ominous in those regards. I think the US has been warned not to do it, I don't think China is playing ball anymore. I think if QE2 is announced the US is truly on it's own and you'll see some movement to a new reserve currency.
Personally, I believe QE2 will happen just as much as I believe the sun will set this evening. Without monetary expansion, the entire US financial system will implode. The Europeans can scream austerity all they want in the end that wont be the case because when the true nasty cuts come people will be begging for money printing. Remember, there are very few SAVERS and a huge amount of borrowers.
My forecast could be wrong, but when you see the SPX sinking to sub 600 and pension funds bleeding red, printing will result. Unless states raise taxes to fund public serpent retirements or cut public serpent retirements. The path of least resistance is QE 2, 3, 4, ....
SPX doesn't have to get anywhere near 600 for them to "push the button".
Pension funds are dying right now with SPX at over 1,000. They need returns of 8+% a year just to keep the pension Ponzi from collapsing.
QE2 was baked into the cake along with QE1.
Not if. When. Not today, perhaps not this quarter. Maybe after the elections. But before if Los Angeles burns.
By whom? Helicopter Ben? Do you really think that has a greater-than-zero chance of occuring? Seriously.
What would you call that -- a PLAID SWAN?
Market due for a bit of a bounce. No big deal. Problem is a big deal for AAPL though. Class action iSuit for faulty antenna. Could be seeing the beginning of the iEnd for Apple.
From your mouth to a dagger right through Steve Job's heart
I want the one with the wifis and the bigger geebees. LOL.
"it fucking prints money"
"I don't care"
"It has an app that builds your own island and flies you there"
"I don't care."
"Is it an iphone4? I want the white one."
LOL. This video so accurately describes Apple's fanboys, it's not even funny.
Laughing 'til tears. THX.
yes, despite the greatest sales momentum of any company in history, you should definitely short Apple on this news. I don't even need to add an "i" to i-diot
inough is enough, already. You guys are beginning to sound like Bill Gates stooges; or is that Droid? Of course, Apple will really be in deep ishite when/if the Verizon deal goes down:
http://www.i4u.com/article35825.html
Serenity now, Serenity now... iyawn.
Wondering why this hasn't gotten any coverage on ZH:
Apocalypse in the Gulf: Could a Sinkhole Swallow the Deepwater Horizon Well -- And BP?
http://industry.bnet.com/energy/10005034/apocalypse-in-the-gulf-could-a-...
Serious freaking out time...
We need more pandemics, asteroid strikes and Israeli nuclear strikes on Iran too.
Somebody? Anybody? I don't want a cheerful weekend...
"We need more pandemics, asteroid strikes and Israeli nuclear strikes on Iran too.
Somebody? Anybody? I don't want a cheerful weekend..."
_
Jim, glad to help.
Take and deep breadth and read the following words slowly, take them to heart and ponder your existence:
Museum Girl: It restates the negativeness of the universe. The hideous lonely emptiness of existence. Nothingness. The predicament of Man forced to live in a barren, Godless eternity like a tiny flame flickering in an immense void with nothing but waste, horror and degradation, forming a useless bleak straitjacket in a black absurd cosmos.
__
You are welcome Jim.
..and furthermore Jim We are the hollow men We are the stuffed men Leaning together Headpiece filled with straw. Alas! Our dried voices, when We whisper together Are quiet and meaningless As wind in dry grass Or rats’ feet over broken glass In our dry cellar Shape without form, shade without colour, Paralyzed force, gesture without motion; This is the way the world ends This is the way the world ends This is the way the world ends Not with a bang but a whimper.
These non-sensical moves are just driving the mom-and-pops out of the market. It's clearly not buy-and-hold any more, when stocks moved 1/4 or 1/8th for the day. I've been watching UAUA today - 7% intra-day swing with 5-minute plunges? They are killing the goose...
"driving"
Three crashes in eight years, market totally disconnected from economic reality, Dow at Dec. 1997 level in mid-2010...
They are long gone, never to return.
Kinda have to disagree with you there, Mr. trader.
The market was never a buy and hold, and as for swings, oh, kinda also don't see eye to eye with there big fella, ahh, remember mid 70s, oh how about 87ish.
Hell, old man, how about the 40's and 30's or the 1880s and 1890s?
Market at crossroads, may go Goth.
Posted in another ZH thread yet still relevant. Reminds me of the movie Rollover:
www.youtube.com/watch?v=GPYLJoq_40Y
I'll call it for the rest of the day...
1. Right now at 1:15 EST we're at ~ 1023.
2. Next move is back down to ~ 1017ish
3. Then back up to 1020ish for the right shoulder
4. Close below 1010, with a bot battle to keep it at or above 4 figures.
Flat to the close. Tomorrow is the day the algos are waiting for.
Tyler your intellect and humor turns me on! Love love love ZH! My hubby said ditto as well (except for the love part) :)
Can we get one of those screen shots full of JPM buy block orders? I love those.
E111b 6 day repo at 1% ?!
iDonkeyPunch
The Fed will save AAPL with pre-sales on the iPrintIt App.
Think you all need more iCandy:
Yes, more iCandy
Your iBuytheDip app isn't working so well today, eh?
Leo, you should consider opening a strip joint instead of wasting your money with chinese solars.
No thanks, too much competition here in Montreal. Besides, most of these ladies are iLoco!
I'd like to say something clever but my little head is thinking just now.
Just keep pounding that silver down boys. Gives me more room to buy some more. Stuff is on sale under 18.
fuu
Thank you for all your contributions to ZH.
Happy One Year ZH Birthday.
Hey thanks CD!
melt it up all you want bots.. you won't be able to keep it up forever.
do you hear that Mr. Anderson? That is the sound of inevitability..
Um, I don't think that quote means what you think it means....
The Agent got owned after saying that...
Gubbmint Cheese
Happy One Year ZH Birthday
We, the ZH community, appreciate your contributions to the ZH community over the past year. Thank you.
Wait til you see what happens when they push the Dow above 9754.
Goldman Sachs owns all of us. The shackles will be broken, but when?
The first GS guy that comes up to me and says "I own you" to me I'll reply back,"Master, you can kiss my ass. Both cheeks."
Kid, I've flown from one side of this galaxy to the other, and I've seen a lot of strange stuff, but I've never seen *anything* to make me believe that there's one all-powerful iApp controlling everything. 'Cause no mystical energy field controls *my* destiny. It's all a lot of simple tricks and nonsense.
I love how obvious the false ups are yet business as usual as far as the sheeple are concerned.
i love how the msm says stocks are zig-zagging based on the ue claims news. the msm knows that ratings and the interest of americans in the master baiters of the stock markets is on its way to zero along with becky quick's ability to remain employed while vertical.
What about that move in CHF? Looked like intervention to me.
Traders should step away until tomorrow. Be ready to act quickly, tomorrow will be a day for fast and huge moves.
Well, who is worried about pensions and other liabilities when Grandpa can kick it up like that!
http://www.youtube.com/watch?v=QQN2DI0fsvA
Seriously, the funniest thing you've seen in a long time. Is this ageism or is it just unspoiled fun?
Close in the green, with another day of open waaaaaay down and slow melt up for the remainder of the day into the green.
I just saw a huge flock of geese heading west pulling a banner that said, Washington or bust. Do you think they can make it from Cali in time to get mixed into that jobs report tommorow?
They black geese ? With long necks ?
I think it's going to be tomorrow. But I have thought that so many yimes in the last 4 months...........
Harry and Johnny are back :-)
It's good to be appreciated. Thank you!
iMELTDOWN
Looking at the price action across asset classes today, I think ESU0 is likely to sell off really hard in the last hour, and probably close near 1005.
Here, have a cookie.
Relax nothing counts until after 3 pm est.
BS! Even trading with the computers - seeing the turn - it's still BS!
Did you guys see the melt down in Gold 40$ drop?
down $46 now
In a deflationary depression everything gets sold to cover debt obligations. Gold doesn't get a get out of jail free card.
Exactly
Been kinda hinting at that myself in other posts.
Even if the assets do not have to be sold, why would gold rise during a deflation.
How did it do mid 2008?
Jul 08 / 950 range
Oct08 / 712.50 at the bottom.
So when the shit hits the fan what do you think it's going to do
go up or go down.
http://www.goldprice.org/gold-price-history.html#2_year_gold_price
Major, apocalyptic, we refer to the Depression in the 20s and 30s as the "little depression" and DOW in the mid 5000?
$400 / ounce
The TBTF have been parking their imaginary money in hard assets.
Now, the big shuffle begins. More paper wealth may evaporate in the next 180 days than has ever existed in the history of the world.
Couldn't happen to a nicer bunch.
Let's say you want to create a financial panic to envoke a power vacuum.
There's an app for that.
Let's say you want to milk the taxpayers and destroy the middle class.
There's an app for that.
Let's say you want to transfer wealth from the middle class to your cronies.
There's an app for that.
Let's say you want to double down and reskull-fuck the middle class.
There's an app for that.
It's amazing what area they decide to melt up. Yesterday it was airline stocks up 3%, as if everyone is going on vacation, could be expatriates? Today it's retail stocks. WTF It's hard to believe normal people believe this shite.
Holy smokes:
Certainly a lot of details like that to take into consideration. Thanks windows vps | cheap vps | cheap hosting | forex vps