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Someone don't want paper. Bet gold is bought up tomorrow.
Charting Monday: Dollar and PMs:
Yeah I closed my silver short and going long again. Usually a sure sign pm's will tank. Ewz is holding up. Brazil is not a China story. Little debt. Little government ....and those peasants work 12 hour days to give us their surplus labor value.
Viva El Sur!
Can you believe there is no mortgage market in Brazil? Not mbs. No mortgage market period. Less than five percent of houses have a mortgage.
Imagine if the market went legal! Not that I want it too, but there would be a lot of monie to be made there, for the government and speculators. I think that this is the final plan of the IMF. Once they have all the "First World" nations in its debt, then the IMF starts having "Third Worlds" sell land rights with "verifiable" deeds. Even though I think there will be a push for this, I do not know if it would work. Governances are sloppy.
World record volume in PSQ today.
Maybe the big money is pre-positioning for a reversal?
Might be time to "Get out of Dodge" on the high tech growth names....
Maybe the big monie is just as confused as you!
PSQ is going to zero regardless of what QQQQ does
I hope this is just noise and not signal.
Its a whiteness.
Robot is right. I am out of long posiitons held since last trough in S&P, except Gold & seed companies.
Even if the S&P does not fall much, it will more than be compensated by a drop in DXy(dollar). Downwards, there is no santa rally.
Chinese "junker" IPO's got round tripped the last few days....
It's all good until it's bad. Then it's very very bad.
and your point is..............
Time to buy this?
Going to zero like your PSQ. You can post it after the fact as usual. You won't forget the supercillious commentary.
RoboT isn't as spot on with the TA or trades as he wants us to believe. Nothing but charts that are little more than pretty pictures. I do like the busty redheads though.
You have to be super nimble, its been a destroyer of value given the contango issue. Option skew has been declining, market not looking for a big downward move. Its just end of year book closing, not the end of the world...
Don't bother with this garbage when there are VIX futures and VIX options, do it right. Are you're saying you're too cheap for a call spread?
Kind of a sad scene to watch bears get all excited about a sideways day after 7 straight up days :(
Who didn't expect this?
After taking 15 uber liquid nasdaq names to triple digit share prices it's near 2010 game over. New game 2011 up after a short break.
An early warning sign of what happens to artificially inflated economies/stock markets.
That's a heck of a real estate bubble collapse
Time to just flood the ole Metro dome-less and make it a hockey rink...
Blast the air conditioning now, Twins facility guys...
was that dome made here ?
Yeah, but they said that plugging the holes isn't that hard.
Just throw some dollars on the holes. and if that don't work, it means you haven't thrown enough money on it.
It also might be a wise thing to give money to the concierge because they will surely be able to prevent it from getting worse.
Behold the power of just
The snowflake that broke the Metrodome's back.
So... and in the eternal words of Maria B... "where should we put new money to work, in terms of, putting new money to work?"
Maybe in teva or ipxl or other pharmas specializing in "generics"
Any info on the 1984 Reagan govt code sr 417 (regarding dec 20 expiring pill patents) would be appreciated...
Just running my finger up the line shows volume has spiked just as often on tops? Psq tops that is./p>
Volume was weak today. Price action suggested a reversal day, but without volume it isn't worth the risk. EUR-USD did not confirm the sell into the close either.
The $3 trillion muni bond market still doesn't seem very thrilled. Junk bonds sold pretty hard today too.
"Chit Pole" was destroyed.
(Sigh,) I told myself I wouldn't do this.
OK Robo (Leo don't be shy either), I read your post and watched your recent clip over the weekend and I have some newfound respect for you. So, please help me maintain it.
OK, the VXX closed up over 38.50 today, on a POMO day at the start of a nice new round of POMO. Wouldn't a reasonable person be concerned that the VXX could close upwards tomorrow, and confirm a reversal? Shouldn't you be at least a little concerned about a pullback, even if it is just a small percentage due to profit taking? It could also be the start of a larger sell off.
Of course, the way things work these days, it will most likely be the case that VXX falls tomorrow and the market is supported.....but do you have something I don't that makes you more confident of that?
Junk away, but please let me keep some of this new respect for you. Thanks.
oh, and nice avatar tits!
Are you a correlation trader or tracking correlations? How would you make such a claim, are probabilities in your favor or not, by how much?
There's no such thing as "reasonable investor would do X" (because I think so)
Well I suppose my point is that I won't be able to make that call until we see what happens tomorrow, and I will be eyeballing the VXX. However, with today's move, I certainly am not feeling confident in either direction because this move increases uncertainty. It follows that I think it is reasonable to have concerns about this move. I'm looking for an explanation from someone who does not have concerns about this move as to why they would not be concerned.
NASDAQ 100 under pressure all day even with AAPL strong. Composite lagged DJI and SPX. Screen shot shows tech pretty far down the list. I use the data and enjoy the banter, but .... well anyway.
russell often leads was weak today
Also, being here in the Valley, I can tell you why tech went anywhere during last two years: VERY generous government incentives to invest in hardware and software.
Guess what? Everyone is now tech'ed up and nowhere to go. Everyone's got state of the art, everyone's going as fast as possible.
Just at the moment the withdrawal of consumer credit is starting to ramp up.
So DON'T rely on tech going forward. That was all phony growth.
I've seen this movie before. What happens next is the "Spike and flag" movement we've all come to loathe as bears. Yeah, just watch.
(Yes, it makes me sick - but at least I'm not getting stabbed in the gut anymore.)
Prove me wrong market, prove me wrong...
You bring the dip, I'll bring the chips.
ha, that's clever, i like it.
My recent thoughts on PMs, just my opinion and ramblings to a friend, scroll down and read GOOBER
http://psychologyofthecall.blogspot.com/....................... nice picture of me!
Momos on a rampage...check out these charts:
The great avalanche is about to begin?
don't get confused because of 1 down day. THEY want you to believe it will go down so THEY can buy your stock.
PUT ON YOUR TIN FOILED HAT GOD DAMNIT!!
momos got pomo'ed now the ponzi can go banzai
*distant sound of beat boxing*
Don't stop there!
Mole hill to mountain.
I don't mean to be rude, but idiot (news) traders just seem to be oblivious to basic setups like bearish divergences. This wasn't out of nowhere move.
Have a look.
15 min: http://i.imgur.com/4hUpU.png
you're just testing levels and can't get a move to test a previous drop off level. Recent levels of interest and formations are getting acceleration bars through, does that not tell you something? Watch that lower circle, we may get an acceleration bar through it if it doesn't reverse here, in that case it looks like a repeated move (kind of like a bear flag, but without so many bars)
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