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Hold... That... Trendline...
As we warned last night, the S&P 500 has now broken its 50DMA, is testing down to its 100DMA, and is precariously close to the crucial 11-month trendline.
and bear in mind that this time is different in so much as we did not retrace across the trend channel (orange arrows) as we did in each othe previous dips (green arrows)
Today's lows so far are exactly at the trendline...
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They'll just print moar, its fine
Kevin Henry, to the Benphone...
"Hold the trendline! Ben isn't always on time!" —Toto
Ha, ups.
All we need is a lil 'good news' from Boner or a signal from air traffic control that heli-ben is on the way.
In other words.....no worries, seeing how we don't trade on fundamentals anymore.
Obama will nominate Yellen in the next 2 days which will signal increasing bond purchases and more fiscal impropriety. This will be a political shot across the Boehner bow. Right now the Dems are doing a good job making the Reps look responsible for this. Bill Clinton is in Germany talking to Merkel today (ya think they might be talking about Hillary's increasingly inevitable win?). Dems will play this as long as it puts Hillary closer to the WH...
Don't worry, even though Obama's got your back, you can bet that trendline is gonna be penetrated.
I betting on a 400 point slide in the S&P. Sentiment is going to turn very negative in short order and of course barry is being true to form.
Stocks are completely unrealistic. When reality finally hits the stock market is going to dump
Which should happen in October. Of what year, I have no idea, but it will definitely be October.
Have some faith! This is the year! Rah, rah!
Watch the dip. When the bottom is flat because the BTFDers can't overwhelm the big money heading for the exit bet on a very sharp correction to follow. News will be manufactured to fit the chart. I'm watching the 100 dma which would be a very good bottom floor for a few days, then when it turns south...
If the bottom ain't a "V" let it be. If the dip turns flat watch it splat.
If I try this enough times I will finally be right.
With all of the US's dirty laundry on show for the whole world to see, the drama playing out in DC and the economic headwinds we all know about, there is no way this sucker is going to turn north. Once it breaks the 100 dma, it's going to fall like a rock.
The Bernanke caught me short when he decided not to taper in September. This time I don't think even he can levitate the markets when the big players head for the door.
Dow Jones already goes for 200DMA and hopes SPX, NDX and RUT to come along.
Notice how the upward oscillations in the 5 year chart are getting faster and smaller? It doesnt appear that printing is going to work much longer, even if they ramp it up or start incrementing the QE number they're on.
Hold... That... Trendline... Kevin!
Obama wants a little more fear. I'd bet he told Kevin to tke the day off.
so, now the irish are in charge ??? are low the mighty have fallen .... it is not even the Z team ... these are the kids running the show, there is none left already, they have all abondon the ship
Its called being a bagholder, or alternatively, useful idiot. It doesn't indicate even slightly that 'now the irish are in charge'.
The funny thing is, I don't see anyone around me 'skeered' at all...when I ask those around me general questions about what's going on they have no idea....a few have a media soundbite they heard on the way to work, but that's it.
the orchestra in the Titanic comes to mind ..... all is fine, they will fix it ... they always did.
as one sophisticated investor put it here in ZH now we have Advanced Macro Tools ... whatever that means.
I would guess 90 percent of the global population have no clue what is going on. I have a small clue and I still have no idea what the fuck is going to happen. Somtimes, I think having no idea might be an easier path. One day you wake up at the slaughterhouse and...just like that...it is over.
To put it in perspective I just remember that we're all just 'Homo Sapiens', been around for only about 120,000 years, the most recent in a long line of 'hominids' who lived over millions of years time right here on earth and are now extinct and we're probably soon to follow them.
Thanks for cheering me up.
So, can we have your liver?
LOL, perfect.
In the grand timeline of things that we know of, 14 billion year old universe, 4 billion year old earth, Homo Sapiens probably has 1 or 2 eye blinks of time left before extinction like all the other hominids and 99.9% of all other species that ever existed on earth. And then, only about 8 billion more years and the solar system will be vaporized when the sun goes supernova...so hey have a cocktail or 2!
I believe the term you are looking for is "oblivious". One of the key adjectives used to describe sheeple.
Masters in Banking Algorithms
+1 HH made me laugh :))
C'mon.. BUY that Fucking DIP....Fuckers!!!
This time it might be a BIG dip.
Printing forever is built in...as is a resolution to the current BS. Basically, everything is priced to perfection. Hopefully, nothing will go wrong.
This time is different! TSLA makes sense more than pets.com over a decade ago.
Don't you worry, we have the likes of FB, twatter, etc. to make up for pets.com.
Bankster tribe trying to figure out how they can somehow remain the parasite class plantation owners of Planet Earth that's all....the pickings are getting mighty dry lately largely due to the internet the slaves are actually reading in their quarters late at nite. These parasties didn't have to worry about the general public actually knowing what was really going on even as recently as the 80's....vastly different world today.
The way I look at it, they have pretty much all the chips in the casino, but they are still at the table, and so, pissed off as people may be, they are tolerating it.
Try to cash those chips out all at once, and see what happens. Lets just say it doesn't end with you walking out the casino with your money.
People realizing their chips are just plastic and taste terrible no matter how much sports arena cheese you put on em.
you can beat your sweet asses it will break, and break hard past the 200DMA. and you better beleive ive been wearing my shorts for about 2 weks now. SHERPA DERPA!
Good think you are because you would get some on your leg when Boner caves, and the market goes Hyperbolic..... Dont worry it wont be during a trading day when a stop can save you. You will walk in one morning to a 3% gap up.... and to quote Walter Cronkite, and thats the way that it is....
i can afford a 5% gap up from these levels mr engineer. thats why its so important to time this shit right. i mean obombya pretty much gave you a green light to short. now whether this is the real deal SHTF moment who knows.?
Market going 'hyperbolic'... yea sure hey go bet the farm on it dude, go for it.
Well, lets say they settle after hours today, and Boner gets a 1% sequester in exchange for a 6 month extension.... Tommorrow Barry announces Yellen to replace Ben.... Back story is the improving economic conditions being played as loud as can be played from all propoganda machines..... Market up or market down...... I have been a burnt bear many times, and still holding EDZ, TBT, and NUGT right now.... tell me how that has worked for me over the last week..... Ok last month? thanks
What?
You want to market gamble? Hey go for it! You've obviously got it all figured out and whatnot....hey good luck man!
i know what he means by being a burnt bear. very raredo we get chances to short. this was one of them. TBT should have taken some profits man! i played TBT a few times. very volitile. i would be careful because the way i see it, they can monitize all the treasuries in the curve. they will have to eventually. and then we will have -NEG rates. dont know when but its comming
Ahh, quit cryin' in yer beer why don't ya.
As soon as Ohomo's Bo(eh)ner can pass an amnesty bill through the House the shades will be lifted and we'll get to see all the D.C. politicians doing each other while they claim they're just passin' a "clean" snowball continuing resolution.
There is no way these drama queens are going to settle this without a lot of pomp and circumstance. This will go to the 11th hour, so being short is the place to be. Yeah, I've been burned on the short side many times. The last was when Bernanke didn't taper in September when it had been telegraphed for months. You place your bets and you take your chances.
If only the technicals mattered.. Once the whole government shutdown is over and debt ceiling is raised, it will be back to business as usual. New highs for the market within three months.
Or so they've trained everyone to believe....I'm not placing any bets on it though.
Thats whats interesting, people are equally convinced of a crash, here and now, and a rally on nothing, to new highs, here and now.
Similarly, will the US collapse from all the bad debt (and its deflationary effects), or will it hyperinflate from all the promises/entitlements coming due, and people around the world no longer saving in USD, that is, spending their USD all at once.
If Boris was here, he would be sure to give solid advice. He would say "Why not both? One, then the other?"
What will happen no one will have seen coming, that's for sure.
IMHO, they'll hyper-inflate the dollar to pay off the entitlements and to pay for the military industrial complex (to a lesser degree).
The 100DMA should fall with ego on the line. But be prepared to BTFD soon.
OH by all means let me stand to the side so you can place ya bets! Spin the wheel! You can rest assured Bernank will give ye a fair deal! ;)
Noboby takes these markets seriously. This is fun money but keep on stacking!
I don't care what the bond market thinks. They'll crash the dollar before defaulting...this I am certain of.
The market is Bernanke talking.
All year long the pundits say it’s the Fed policy that’s influencing the stock and bond market; they say it’s the daily Fed prognosis investors are waiting to see; that it’s the open market committee that will define our market day; that the free market capitalism is dead. But when the government slowdown starts and the debt-limit ceiling approaches – it’s the Congress; it’s Boehner that’s the influence. Says Jack Lew the banker a.k.a. the Treasury secretary: Congress is playing with fire.
But those times when Bernanke was the influence are not over. When Lew speaks it’s really Bernanke speaking. When the congressional leadership speaks, Bernanke takes sides and manipulates his message through the market.
When you hear Citigroup’s Jacob Joseph (Jack) Lew say something that’s Bernanke and when you hear the congressional leaders say something, Bernanke via bankerspeak, the money spigot and the financial media, will choose the winner and the loser – Reid or Boehner, the pro-Obamacares or the anti-Obamacares.
Bernanke has the puppet strings in his hands, not because he’s great but because he represents the international bankers.
Banksters
Bernanke, a scholar of the great depression. I think not.
I wouldn't be surprized to see an orchestrated dip under 1400 followed by a stick save with rally that falls short of all time highs.. when that last pop stalls out it's game over...or so I'm thinking.
Trash Day Tuesday’s are always a tough call. You get a slight pickup activity by the scavengers in the pre-collection hours then a lot of truck noise during the day. Then the scavengers come back in late afternoon to see what new stuff was not pick-up by the big boys. Tough indeed!
Oh my good the humanity....... down almost 4% from the all time high............ Reminds me of the WKRP turkey drop for Thanksgiving.... Wake me up when we get to 24% downbubble.... until then Meh....... the recovery is fully entrenched, and the fed will in the shortrun double up on QE due to the catostrophic impacts of the shutdown. 19,000+ for Christmas.... guaranteed. Will stay long Gold and will be closing my index shorts and going Beta long here real soon.
I tried the same type of thing on an old Chevy Nova 350 hotrod I had....tuned it and tweeked it the whole summer for max power....then one day decided to pour nitromethane in the tank.....blew the thing into a million pieces. Looked like it would work great on paper though.
Dont argue that it shouldnt work, but its worked the last 10 times they have tried it.... Can-- road ---kick, 1% need their holiday money.
Hey that's GREAT man! No really! You've got it all figured out so what are you arguing with little old me for? Place yer bets, black or red doesn't even matter every spin is a winner! You've got what they're doing front-ran better than they do!
No they have it front run, how else do you explain that its only down a little over 4%...... I am still short, EDZ, TBT, and long Miners NUGT, aint working out too good.....
here we are
Way too controlled. Manipulating fuckers. Should be slicing through the 200 DMA by now.
I don't get why it's falling at all, should be way up with all these guys like gatorengineer here are buying the garbage bubble hand over fist convinced of 'hyperbolic lift off' any minute now, DOW 19,000 in 2 months etc...ES should be +50 minimum.
I think razor one has it nailed, its not a market.... Its a rigged game, and believe me, i want it to be real this time, unfortunately it isnt....... 4% off of all time highes with the shitstorm that is outthere is unreal.... no reason to believe it wont fly once we are past this... Or said a different way, whats different this time?
I am not sure about the degree, but I expect at least a short term bounce in the next couple of weeks - possibly days. I would much rather see it tank for a better opportunity to invest. I will not buy the next ramp above spx 1600.
What happens when they cross the streams?
Zuul is overdue for a good ole fashioned stream-crossin.
Remember, the PPT reports to Obama and he has an axe to grind with the GOP.
curved charts don't HAVE trend LINES. you need to uncurve them first, if you can, such as using an exponential function.
Buy the dips. Fed is prining money. It's the easy money to make.