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Timber! Right Shoulder Dislocated, 865 Next?
And it's not like Congress even fell for Kanjorski's fin-terrorism with the whole "market would drop 2000 if fin reg not passed." There still is some time to bribe what little borderline conscientious senators and congressment exist.
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Gold Leader panics.
GOLD LEADER: (into mike) I can't maneuver!
INTERIOR: GOLD FIVE'S Y-WING -- COCKPIT.
Gold Five, the old veteran, trys to calm Gold Leader.
GOLD FIVE: Stay on target.
INTERIOR: GOLD LEADER'S Y-WING -- COCKPIT.
The Death Star races by outside the cockpit window as he
adjusts his targeting device.
GOLD LEADER: We're too close.
INTERIOR: GOLD FIVE'S Y-WING -- COCKPIT.
The older pilot remains calm.
GOLD FIVE: Stay on target!
INTERIOR: GOLD LEADER'S Y-WING -- COCKPIT.
Now he's really panicked.
GOLD LEADER: Loosen up!
INTERIOR: DARTH VADER'S COCKPIT.
Vader calmly adjusts his targeting computer and pushes the
fire button.
INTERIOR: GOLD LEADER'S Y-WING -- COCKPIT.
Gold Leader's ship is hit by Vader's laser.
EXTERIOR: SURFACE OF THE DEATH STAR.
Gold Leader explodes in a ball of flames, throwing debris in
all directions.
INTERIOR: GOLD FIVE'S Y-WING -- COCKPIT.
Gold Five moves in on the exhaust port.
GOLD FIVE: Gold Five to Red Leader...
INTERIOR: LUKE'S X-WING FIGHTER -- COCKPIT.
Luke looks over his shoulder at the action outside of his
cockpit.
GOLD FIVE: (over headset) Lost Tiree, lost Dutch.
INTERIOR: RED LEADER'S COCKPIT.
RED LEADER: I copy, Gold Five.
INTERIOR: GOLD FIVE'S Y-WING -- COCKPIT.
GOLD FIVE: They came from behind....
EXTERIOR: SURFACE OF THE DEATH STAR.
One of the engines explodes on Gold Five's Y-wing fighter,
blazing out of control. He dives past the horizon toward the
Death Star's surface, passing a TIE fighter during his
descent. Gold Five, a veteran of countless campaigns, spins
toward his death.
Love it love it love it......pounded SDS three days ago and she's a payin' off. Only question left: do I close it now or hold through July 1st???
close it. Don't be a pig.
Watch to see them yank you tomorrow.
Shorting just like sex- in and out.
only thing that matters is the carry trade. Has been looking a bit shaky lately. If the CB's and their bankster conspirators can't get a handle, look out. Don't underestimate their ability to once again pull it off.
No risk, no reward.
Buy right, sit tight
Close it...volume isn't confirming the break. Take the money.
We have more volume ("average") than we've had for weeks (which was well below average).
Yeah, but it's still less than what you'd expect on the break of the neckline. I'm not saying we're not headed lower, I'm just saying that it's a good point to take profits or initiate longs (with fairly tight stop).
You appear to be correct.
Also, it's weird how the site ridicules TBTF, except when they make a bearish statement, like say S&P goes under 1040 and it's off to 865.
Don't get greedy. Take your profits. Repeat at later date. Nothing is clear yet. More QE???????
See Ya! Who are we kidding, good news is good news, bad news is good news, no news is good news.
Flash crash is a comin'.
MsCreant, that song is appropriate right about now.
when the levee breaks/led zeppelin:http://www.youtube.com/watch?v=xbJQT2eDseA
One of my favorites.
"Going down. Going down now. Going down. Going down now."
Led zeppelin and Stravinsky, who can argue with genius
http://www.youtube.com/watch?v=Zmzv5xJ4wE4
http://www.youtube.com/watch?v=Zmzv5xJ4wE4
New movie coming out called "Market Crash" starring Haily Joel Osment of Sixth Sense. Quote from movie " I see red, I see it all the time". Spooky.
"I recommend you panic"
"The evil that men do will out"
RUT leading the way. Lower lows are never good esp on a right shoulder.
Not so fast young Skywalker.
So today settles the whole "Gold is a commodity" thing.
It would certainly seem to.
S&P won't get to 865 before they pass QE 2.0 in a hurry. Be assured that the bill(s) are already written, and awaiting with pens attached for WHEN not if they will be signed in an overnight session. I still see late summer / early fall as the time period where we'll see QE 2.0 or another quazi-international bailout. BP and others will require the brunt of the free money I'm sure for their allustrious contributions.
I agree that the bill is mostly written. Whether it takes a plunge to 865 to loosen the pens is another matter. Either way, the Congress critters need an excuse to sign, thus this engineered crash.
Uh... sorry to spoil the party... but QE 2.0 doesn't need to be passed. Or even written for that matter.
Uncle Ben just needs to give word on what $5 trillion he's going to monetize next, and all will be good.
Aren't you glad that our fine leaders in the Senate confirmed Uncle Ben's (campaigned) re-nomination???
Assetman,
Can you give me a little more than your assertion? Are you saying the Fed can spend $5 B bailing out banks, building roads, extending unemployment and so forth, the things that were in QE 1, without Congress?
Or are you talking about simple money pumps into banks and semi banks like GE, Fan and Fred? Because I agree money pumps can be done without Congress.
The easiest path to QE 2.0 is Fed intervention. Ben Bernanke has a few years free and clear to do what BHO wants... with any political endorsement. But yeah, the Fed can only do so much with the money-- but they CAN buy Treasuries, and I'm sure the executive branch can use that funding for emergency (executive order) purposes. This Congress has already demurred their appopriations authority to the Fed for emergency measures... why not pass the buck to BHO, the one termer?
It's much more difficult path in getting Congressional signoff on $5 TRILLION in additional spending (that's proably what it will take to move the needle). YEA votes on that is simply political suicide, and wouldn't be considered until AFTER the Nov elections. Bennie and his helicopter jets can flood the markets tomorrow, if need be.
Do it Brian Sack!!!! Hit the button.
to T-X]
Terminator: You are terminated.
Look who's here .... it's Mr. Volume!
They're trying to stick-save the hell out of this.
It would be fun to see if they manage to close it at 1040.00
The algos would probably go nuts trying to compute the standard deviation of that to the last digit.
Wow, awkward that PPT is absent.
Odd.
Isn't someone at 33 Liberty supposed to be manipulating this by now?
Maybe this is all they can manage.
Speaking as an over 50 ish...er.... (OK, maybe a bit older) I use this excuse all the time.
"Baby, this is all I can manage."
She's usually understanding. Usually. :>)
Ha!
I'm over 50, and please be clear that you are speaking for yourself.
CD,that description just shattered my mental image of you. I always pictured you as a 30 something with a bic'd head and tatoos. Oh well.
:>)
I can be anything you want....baby.
The PPT isn't absent, the powers that win are just on the other side of the trade again. You guys are so cute when you pretend to have a chance in this market...
Here comes a mighty hockey stick save.
Look at that BigBen push above 1040 for right now. I wonder how much taxpayer money it took for that push up?
Barely over 1040. Ben must be caught running between the printing press and the Helicopter.
A true battle at 1040. Who will win?
All is well...All is well!!!!!
http://www.youtube.com/watch?v=zDAmPIq29ro
You Called?
"Tis but a flesh wound."
Tyler, I love how you absolutely dispise GS and lambaste them at every opportunity. But when goldman takes a bearing stance it's like a parade of bearish love between you two! Makes me a little sick to be honest.
Reminds me of an incident I had with Arthur Anderson in 1986. Caught them red-handed in the cookie jar and they were suave enough to escape w/o harm. I held a grudge for years, knew they were dirty dogs, the opposite of their reputation. When Enron went down in 2001 and took Arthur with them, I wasn't surprised a bit.
Goldman's time is coming, count on it.
WHY DO WE HAVE A FED CHAIR THAT DOESN'T UNDERSTAND GOLD!!! LOOK AT THE CHARTS BS!!! THE MARKET FOLLOWS GOLD AND NOT VICE VERSA! THE MARKET IS LERERAGED BY GOLD, HE MUST KNOW THIS! CONSIDERING HE IS IN CHARGE OF THE WORLDS LARGEST GOLD RESERVE, YOU WOULD THINK HE WOULD PRETEND AT LEAST!
WAKE UP AMERICA, YOUR FED CHAIR IS A MORON, OR HE IS A LYING CHEAT! TAKE YOUR PICK.
YOUR FED CHAIR IS A MORON, OR HE IS A LYING CHEAT!
Embrace the power of "and", my friend.
Fair enough..
LOL!
LOL! Deep breath, and again. We hear ya!
There, feel better now? Oh and by the way, I'm quite sure the Fed Chair (not OUR Fed Chair) is not a moron.
Thank you.
The first step to breaking away from this insanity is to stop identifying with it. It's not "our" Fed chief, not "our" wars, not "our" economic policy, not "our" banks and financial system, not "our" fiat currency. And so on.
We will never fight against something we consider "ours". Never ever. So stop making their policy "our" policy, their wars "our" wars. It is their mess, not our mess. Though there is no doubt "we" will have to clean up after "them".
Good Point.
Brace Brace Brace!
Looks to be an epic battle for 1040 into the tape.
Dupe
Shouldn't have covered my shorts yesterday. DOAH!! A little profits better than no profit though. I still think we may be range bound, but take that for what it's worth considering my recent track record.
watched Cramer on CNBC.i know, why do i turn it on it's all bs..my only defense is i wanted a quick look at the S&P..
Jimmy boy said.."Market has real value here, but it's going lower, but you can buy the rails and buffett, but maybe you better wait until it falls more which it is going to do.."
what a ass wipe..almost threw my book thru the tv.
http://www.finviz.com/
http://stockcharts.com/
1038.12
Close out shorts at the end of day with some limit long and shorts for opening. That is your best play of the day, but daaaamn look at the SPX fall.
.....1008 next objective
I love how the markets are tanking globally and the story they push is the iPhone.
I will never buy another Apple product again for myself or anyone else.
"Does this mean my new iPhone won't work?"
"Slip slidin' away
Slip slidin' away
You know the nearer your destination
The more you're slip slidin' away. . ."
http://www.youtube.com/watch?v=vuPJzzcV6jA
going into the toilet. bye bye
Damn, this is daddy bear. This mothafucka owns you.
Ben has arrived...is dropping money from the Helicopter....it may not be enough....
Looks like Ben might save 1040.
Yup 10k stacks 5 at a time being shot out of potato guns.
1035. . .
I smell toast.
Of course he will. The Fed's all in, there is nothing left to lose. They have to create the impression that at 1040 S&P "strong" demand showed up in the market, and give some hope to the poor suckers who still own stocks.
I really don't want to think of how much Bennie's little last-10-minute stick-save at the end of trading today cost the much beleaguered US taxpayers.
Doing The Lord's Work is expensive, I guess.
The Bernanke 2.0 Printing Press has infinite capabilities.
Manny, look at the pelican! Fly, pelican, fly!
My My, look at the closing volume.
And here comes the PPT to save the day.
No doubt. Did anyone think they'd let the S&P close below 1040?
saved at the bell.
Ramp at the close. False Alarm. Move along...
Looks like a battle is giong on. It's going down again.
1041.06 at 4pm.
These guys are hanging on by their fingernails.
Hanging on - great visual, that.
Not today boys not on my watch.
http://www.youtube.com/watch?v=KDRAhiBtOrQ&feature=related
Could somebody please explain the significance of SPX close above or below 1040? Its all pyschological, isn't it?
But the computers (and people) are programmed to trade psychological levels, which makes them dangerous.
1040 is a theoretical support line which has been known to attract "wanna be bulls" and momentum traders.
This just makes me sick... It is insane as so many people's future are getting pissed down the drain b/c of totally bad policy.
Is it bad policy? Or all going according to plan? Guns bitchez.
Guns and knives, throw in a few coils of rope too, bitchez.
And water filter, gold & silver, extra food laid in, prescription meds....
What about the non-prescription drugs? Talk about a form of currency...
We might not know the exact time-frame of the QE2.0, but we do know it probably won't occur Monday through Thurs. We can forget Friday, except the wee hours of the night, which might as well be Saturday. Sunday is very likely, or their very favorite -Friday night before a long holiday weekend.
Oh shit, there's one coming this weekend...
Tell me again for what our men/women in the military are fighting?
Oh yeah, democracy and FREE MARKET capitalism.
each other--and FU to the pols cf. McC this past week, not himself, but his coterie rather too open to RS stranded reporter.
They go to play.
Met a FFL officer in Saudi who said "the men are here to die." No wonder that they were placed on the left of the left of the left of the disposition. Probably no coincidence about the left assignment back then, but it is delicious to have fricken FRANCE lecturing us on fiscal responsibility. And China, and Sweeden, and ...
- Ned
I've got a short term target of 918 by Labor Day if not worse. These morons on television are telling everyone it's a buying opportunity again. All I can say is we'll all be watching Asia tonight so let's have a "T.V. Party" tonight:
http://www.youtube.com/watch?v=117Ole9MO2w&feature=fvw
Yeah, try telling a retail client base that all is well. Just on Saturday I met with a group of folks over breakfast. When I mentioned PPT & HFT they looked at me like I am an idiot. Deep in their cortexal layers they really thought I was suggesting some new code words to fulfill their sexual fantasy. Dare I send an email to my distribution list indicating the shit is going to hit the fan. Already have been called an "Alarmist". WTF Oh, and mention the idea of having weapons to protect one's family and gold. Shit, and I live in the most historical confederate town on the East coast.
Damn that traffic jam
A LOT of my "Alarmist" friends made 7-10% today. Screw the sheeple. Let them eat Bernanke cake.
Good for you, but I am a newbie finally relinquishing the idea of buy/hold and MPT. I am still short SDS and hopefully will get out early tomorrow. I guess if I made my "Alarmist" the 7-10 I might be listened to a bit more attentively. Or not.
Unfortunately, we probably won't have many more articles from Leo K. He has a new job. He greeted me when I walked into Wal Mart today.
Appreciate the thread...
The game continues...
You know what is funny? Timmy is going to try to do a 10yr TIPS auction next week on the July 8th. Right smack dab in the middle of a deflationary cycle, you try to pawn off a TIPS auction on people? ROFLMAO
I guess Benny is going to be buying all those, because no one with a brain would.
Certainly a lot of details like that to take into consideration. Thanks windows vps | cheap vps | cheap hosting | forex vps