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The last couple of days have been hard on the 'ol US dollar! I don't understand the Forex, it moves according to the tides? Is there some conjuction of saturn? Silver got taken down a notch today as well....hmmm
Why is this still called a "Market" recap?
It's time for a rename for what was formerly known as the "market".
Dissociative economic fixation?
Honey, is that you?
That one must have been submitted by my wife.
A newbie's Elliott Wave count. No grief, please, but constructive comments welcome!
Looks like a clean count to me . Despite all this irrational bullism I think a lot of people don't realize that according to the charts we're still in a correction within a bear market .
Clean count from March 2009 but the FIBs should be counted from the 2007 Super-Cycle top.
Thanks for the suggestion. For anyone interested in seeing how counting is open to broad interpretation, see here.
I can't change my avatar. website managers need oxycotin relif
....whatever happened to silver today??????? Weak USD, but down she went?
Gold and silver stocks destroyed.
Semis were Heatmapped in advance of INTC.
Retail and banks pretty much flat.
Dow and Transports both pinned at the highs, no divergences yet.
Asia still strong.
No gratuitous cleavage or heaving mound o' breast? This is a new, more focused Robot...going for Trader of the year 'eh?
"Gold and silver stocks destroyed"
...yes we know that...the question asked was why in the face of a weaker $$??
Gold drew a picture of a rocket ship, then did it's impression of a drunk with an etch-a-sketch. Officials assure this normal behavior and no cause for alarm.
That's crazy shit - you know once inanimate objects start drawing and doing impressions, TSHTF.
Please remain calm sir. I can assure you the shit has in no way come even close to hitting the fan.
The DOW has not fallen below 40 points since 11/30. Let me repeat, in 31 trading days, the DOW has not closed 40 points down or more once. Further, it has only had one trading day during the same period where it has traded down more than 25 points. How is that nobody questions this, even bull markets have profit taking. Mind you that this rise has taken place as the Euro has tanked.
Since you boys spend so much time trashing the squid, the squid has decided to cut you all out of the market all together by no longer allowing any dips to fuckin buy (bitchez).
P.S. First post here. I think I'll stick around.
P.P.S. My real answer is that since the floor was taken out on the VIX by the Fed and given the slope of the vol curve, the algos will only bid up the stock market. We can all go home now. The machines will take it from here.
You are right about the vol curve but fail to understand the consequences. While the curve remain steep the absolute level is falling rapidly and the buildup of positions must be very large indeed. We are setting up for an 'event'. The carry on short vxx is on the order of 10% a month and like a moth to a flame the herd has been drawn in sure that they can hedge on the way down should anything happen. How quickly they forget the flash crash. The machines defintely will take it from here. The only thing really in question is when and where.
So where is the flow of cash going, everything seems to be softish or down?
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