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Do you feel lucky?
Don't forget - the trend is your friend...
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Eh, sell...
If you rely on luck to keep you afloat in this market, you're fucked.
nice stairway.
"Being this is a margin call, the most powerful selling force in the world, and would blow your money clean off, you've got to ask yourself just one question...do I feel lucky? Well, do ya punk?"
http://www.youtube.com/watch?v=u0-oinyjsk0
Bernanke: I know what you're thinking. "Is this QE6 or only QE5?" Well, to tell you the truth, in all this excitement I kind of lost track myself. But being as this is the most unprecedented experiment in full retard Keynesianism in the history of the world, and could blow the world economy to smithereens, you've got to ask yourself one question: Do I feel lucky? Well, do ya, goldbugs?
Why would anyone buy in a bear market?
Um, to make money?
The smart money already left the arena and is selling virtual stocks on the derivatives market.
I'm no technical analyst (pretty skeptical about most of it, really), but I believe the point of the second chart was that, even though the overall trend is bearish, a swing trader might expect a shorter-term bounce off the bottom trend line.
I feel lucky. I shorted the S&P500 from 1660. Now have zero loss stop order in place; so nothing further to consider; except how much money should I take away from the optimists. Always a pleasnt debate.
That's no stairway to heaven...
Stairway to hell...
Yes, it's the stairway to Heaven. Unfortunately, it's true to the name since the people who believe in it are going to be let down once the end is nigh and realize it was all a farce.
Not luck, I checked Bernanke's zodiac before investing, and you?
eom
are you sure that isn't the USD/JPY chart lol?
http://forex.tradingcharts.com/chart/US%20Dollar_Japanese%20Yen.html?cha...
What do you recommend? Fundamental analysis?
lol
a lucky fcker...?
You mean there was a fucking dip?? I just buy and hold like Warren Buttfuck
Stop being so unamerican and have FIATH in the great Bernanke!!!
I think, as it stands, there is zero upside to S&P for the year.
With the VIX @ 17 and climbing? You want to buy the dip? Please do. The supercomputers will chew you up.
i thot market was up 15% this year
and last year and year before and before
It wouldn't surprise me if you're right.
Well, do you, Punk?
LMAO!! Hahaha you guys are too much! I love ZH
tough call. Japan seems to be the added fly in the ointment this time around.
HOWEVER, I say wait until after the 21st consecutive dip on the uptrend to sell everything.
"Fry in Sloup, not gud".
Nah, I only buy on Tuesday mornings. Doesn't everyone?
Where's fonz? He'll tell me what to do...
I'm pretty sure Fonz would say sell everything you own and run away screaming as fast as you can like a bitch with her hair on fire.
Like this bitch.
http://youtu.be/jZnUI8tfKjg
emotions betray us...always...good Dr. what the market average does is one thing...but what happens to other stores of value another. in other words "what is being discounted here...and why?" that is what the bulls who have move to treasuries and raised lots of cash are asking...and getting their teams together in order to find answers. of course "the Chief Strategist" will be pulling the trigger on these things. some of them might even be allowed some air time on CNBC...but only in VERY small doses. this is especially true if i'm trading in Sovereign Credits (which be definition gold is one...but there are many others as well.)
All fine and good, but what, exactly, does any of that have to do with Michael Jackson?
BOP I have no idea what the right move is short term. I think I have the right idea longer term.
What I want to know is, what is the catalyst to the upside? Big Jobs number Friday? That spikes rates again and completely wipes out real estate, dividends and bonds.
A terrible non farm payroll? That means more QE...I get it. But at the same time that means that the first 4 QE's were a failure and the bernak is no longer at the helm anyway.
So what levels out the plane? I think we are about 4 minutes in
http://www.youtube.com/watch?v=-sAxrWl5DGU
Fonz you're forgetting about the sequester. The Bernank always has that to fall back on for an excuse. He can always say payrolls started getting better then the sequester.......
I'm with ya Doc. I kind of agree with ekm that something is coming. Maybe not the big one but we may get a day that reminds us of 1987.
Obummer is way too quiet. It's still too early to blame the sequester. But if we get one day that wipes out a years worth of gains. Then they will play that card.
Yep. "it was all the Republicans fault". the sad part is, the sheepul will probably go for it.
BTFR. Buy the f**king retrace, before she careens into the reef.
I wouldn't touch stawks. I'm speaking from a currency, and credit/bond (Hail Mary) perspective. I think we get a little relief before the long needed correction. ( a general 38.20%)
The Big Daddy is still a ways off...
I'm right here big guy, wouldn't touch this with a ten foot pole and dynamite...
http://biggeekdad.com/2012/05/a-true-texas-story/
Daddy
wise man say, he who try catch falling knife get stab in face.
wise man also say he who let falling knife drop get pierced testicles.........
thas funny rite thar
Print! Print! Print! Oops, wrong script - I mean Buy! Buy! Buy!
One more attempt to break 1700, and then, well, ZH hour.
Let me check in with the Shaman first i'll let you know what he thinks.
Goat entrails!
Goat entrails!!
Get your Goat Entrailtainment here...
Bernanke's entrails would tell you more.
A nice lady school teacher like you talking like that; for shame.
i can honestly say i feel extremely confident this bear market is starting to take place.
not saying we cant have a few green days here and there, but long term, its going to be red, and we will have the crash soon enough
Inever feel confident or un-confident. I just estimate probabilities, place bets and then limit the losses. this way you make money every year and get to pay taxes on it; which is actually only a minor annoyance.
Do you BTFD in this case during a Hindenburg signal or do you want until the .38 Fibonacci retracement?
Someone help me out here.
Im waitin for a test of 1525 with two green daily closes, higher highs/higher lows and a positive MACD (8,21).
The whole worlds printing, dont fight the BIS
There's many levels but the first one is around 1600. Loads of institutionals will look to buy there or front run - its only the 50dma.
Hindenburg means very little as it's necessary but not sufficient for a crash. Look for the Nikkei / JPYUSD. They run the show.
Never pay any attention to any ?indicator"; there aren't any. Just look at the daily bar chart of the index. that's all that's necessary. That and the understanding that you're waiting patiently for a chance to short a rally, and you will not be buying any dips. Why didn't you short the market from 1660, or 1665, ? Your Psychology is "normal": ie; hopeless. when the price is high you want to buy; when it starts down you start looking for an "opportunity" to buy; this is hopeless. You hve to counterpunch.
What you were supposed to do was short the stock market after it became clear that it was failing to make new highs; you don't buy anything in sick markets. you short the peaks of enthusiasm revealing the disease called the mass mind. Now; you don't do anything. you're late. you have to accept this. "looking for something to do" is a receipt for disaster. When on the side lines you look for evidence that an emotional swing of the mass mind has exhausted itself and go against it. It's a bubble market so you don't buy anything in it. you short the highs and sit through the "dips".
This makes me wonder what would happen to the guy who took too much Viagra.
We are talking about buying the dip in gold right ?
I'd like to BTFD in silver but I'll be damned if anyone is selling eagles for anything close to the paper price. It's almost as if the two prices aren't correlated much at all. /shocked_face
Good luck getting it without a good long wait time too.
23.66 for rounds but 3-4 weeks for shipment
Where?
you better test those for tungsten
I'm BTFD
I don't think so.
Since I actually think that beige book notes were finalized......yesterday
and since I think that dow is dropping because tapering is already in place
and since crude oil has been over $90 for 2 years already
and since currency swaps between even allies are happening thus bypassing the dollar,
I'd say, that's it
I really look forward to your posts EKM, thanks
humbled
first comes the price chart which tells us what is happening in the market; then you cherry pick some indicators to prop up your "new understanding"; this is why you never make any money. read the price charts and think about mass psychology; never mind the "indicators".
Why are my DOGs barking? Damn, the neighbors are gonna be pissed.
We need a bear movie, it's just too hard to understand without some BEARS.
Yes, I feel very lucky. The only question is whether I should go all in on the S&P 500 or whether I should go to Las Vegas and buy some spec houses.
If you're going to Vegas, I recommend all in on hookers and blow...
Do you mean Hooker's blow or blow blow ???
c)
AUD/JPY, looks like it's forming a bear flag/pennant on the H-1 chart! If the Nikkei caves, just take your hit and live to fight another day. The best traders only do it right every 1-2:10 times. Don't let Bernanke money fool you.
Agreed, and AUDJPY moves in line with the SPX (or the other way around). That might be a politically correct way to say you're risk on.
aud/usd has a correlation with spx,xau,cl contracts. aud/jpy is indirectly correlated with the base currency(aud)
Quit listening to MSM propaganda.
It wasn't an attack, Yen. Of course the auzzie correlates to commods. It's also no surprise it's a good indicator of the reflation trade (bonds up / commods up / stocks up / risk ccies up). If you wanna fade the taper talk on recent poor macro, you might as well do it in the highest vol asset class.
I'd bet the farm kuroda can't outprint the bernank and that abe can't outspend hopey. imo the yen is a bargain > 100.
You're wrong. It isn't. we'll check to see that this correct in a few months.
BTFD or the deflation monster will tentacle rape Maria.
that's her problem; or delight; not mine.
"I don't ask questions. I just have fun."
https://www.youtube.com/watch?v=XAESKjNGpiU
.
have a cartoon good time, fun !
.
then there is this too !
http://cbsnewyork.files.wordpress.com/2013/06/arrest-list-patronizing-a-...
.
that was fun !
.
"Well do you, punk?"
S + P - Stupid + Poor. What you got based on paper pushing if you all aren't a market mind reader - and, nobody is.
Except the folks who don't trust the sheeple shearing stock market - I think they got it right.
Probably and No.
The takedown in the ASX200 is amazing. The Aussie bond market is AAA+ rated, and their GDP Deficit is dinky.
there are no fundamentals. There never were. there is only mass psychology; which is inherintly instable. Falling prices cause falling prices. In the present state of the world it is never safe to buy "dips" or "bottoms' in stock markets; because it's impossible to say which one will be the "big one".There is one stock on the ASX you can buy it's CitiGold; a small active gold mining company with it's own refinery that ships bars every month; it';s stable, it has a lot of reserves; and the stock is .05/share; Aussie. that's not a misprint. At this price, you buying gold in the ground for about $375/oz. Markets are not rational or well informed and they rountinely overlook things. the royal family in Dubai didn't overlook this mine they bought 18% of it years ago for about 20cents; they rarely make mistakes.
DirectionsIs that a yes ?
No.
That is a recipe for grilled deer. ; - )
I'm glad I kept some powder dry.
powder. that substance,
what is it?
that powder
power
pou - dure .... pro seed du.....ee...rrrrrr
procedure...
pow ...rrrrrr
pow.
rrrr
.
what is it, law?
that is it.
law:
make it till u fake it.
no, that was "fake it till u make it."
that is the law, so called dynamic.
I suspect we are all on our own together.
No! BTFD is for sheeple.
You BWTBITS (buy when there's blood in the streets). OPB (other people's blood).
Bulls won't give up that easy. I expect a bounce around 1577. They might be able to take them back close to the highs and then we get the real downturn. If they can't keep it above 1550 in the next week then things will get even uglier. Can you believe pundits are already saying things are oversold?
30 more points down and I'd sell part of short ETFs I own, then short again after (if) S&P bounces...
ECB and BoC - hell everyone - still can make crazy moves and resurrect the bull. First we need gold to go over 2000, then there may be some sort of serious trouble, not just yet (I agree with Yen about this).
Nikkei up 0.82% now, recovery is at hand!
I got my eye on two spots: ES 1600 and 1580. I'm thinking 1580-ish will hold, but we could get a decent bounce off 1600 first. The only way I'm a buyer is if I see it hold, rally a little and then backtest that low and blast off like it does when it's announcing: "hey, see this low we just supported, climb on, we're taking this back up now". Ideally (and it never seems to play out that way), we'd bounce off 1600 and climb to the top of the channel, and then backtest 1580 before Bernanke Day, which I'm expecting he will clarify nothing is changing for a long time so get back to buying every one point dip in equities. However, if we close below 1575 during any of this, we could go much lower.
I'm more interested in silver, which is coiling tightly into a wedge. Whichever way it breaks out should lead to a $2-$3 run. If it breaks to the upside I'll play it lightly in case it's a bull trap. If it breaks down, I'm gonna get aggressive with it. The ideal scenario here would be a breakdown to the $18/19 range in time to bottom for B-Day on June 19th. As long as he whispers sweet nothings, a decent rally should finally follow. And if the rally extends into debt ceiling season, it could turn into a full extension to the upside.
A $2 or $3 dollar run? $2 is more like a daily price range now a days. Anything could turn into anything; but this market is badly damaged; ie. people are hurting and got their fingers burned; I want to see quite a bit of price chart evidence before I get interested in that again.
You don't make buys when things move to the upside; you buy well attested bottoms. 90% of the time a move to the upside merely reverts to the mean. momentum trading makes people feel comfortable; until they run out of money. You have to be a counter-puncher; there's no other way.
If it breaks down to $18.50; I'll have an order in at that price; but it's a 1/2% probability.
The secondary trend of the market turned bearish today, as explained here: http://www.dowtheoryinvestment.com/2013/06/dow-theory-update-for-june-5-...
Will this dip hold? don't fight the trend.
HEART, your posting frequency has dropped substantially since being asked to explain your egregious Boston Marathon disinfo posts. Is this a coincidence ?
We are still waiting for an explanation but you refuse to respond. Why ?
ZH readers are curious as to why HEART intentionally posts disinfo such as Boston bombing fake injuries / fake blood / crisis actors garbage which is 100% DISINFORMATION.
http://www.zerohedge.com/search/user_comments?name=the+heart
Boston bomb disinfo reposted again by heart #3616167
I have screen caps of your Boston bombing fake injuries / fake blood / crisis actors disinfo posts.
......................................................
ZH is being targeted by FedGov spambots & human operatives saturating the comment sections with garbage and disinformation in addition to down voting certain posters.
They are not harmless trolls, they are professional operatives attempting to undermine and discredit ZH via multi nic sock puppets.
Attacking this post by constant down voting speaks for itself: the shills have exposed themselves.
Case closed.
Nice try SAT 800
You have been added to the extensive ZH sockpuppet list.
..................................................
This is the post SAT 800 tried to bury by posting garbage:
HEART, your posting frequency has dropped substantially since being asked to explain your egregious Boston Marathon disinfo posts. Is this a coincidence ?
We are still waiting for an explanation but you refuse to respond. Why ?
ZH readers are curious as to why HEART intentionally posts disinfo such as Boston bombing fake injuries / fake blood / crisis actors garbage which is 100% DISINFORMATION.
http://www.zerohedge.com/search/user_comments?name=the+heart
Boston bomb disinfo reposted again by heart #3616167
I have screen caps of your Boston bombing fake injuries / fake blood / crisis actors disinfo posts.
..................................................
ZH is being targeted by FedGov spambots & human operatives saturating the comment sections with garbage and disinformation in addition to down voting certain posters.
They are not harmless trolls, they are professional operatives attempting to undermine and discredit ZH via multi nic sock puppets.
Attacking this post by constant down voting speaks for itself: the shills have exposed themselves.
Case closed.