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Dow Dumps 350 Points From Monday Highs, Nears Crucial Support Level
US equity prices are back below yesterday's lows leaving The Dow down over 350 points off its "everything is awesome" highs on Monday (nearing its 200-DMA at 17,743). It's not just the Dow, as the rest of the major indices have given up all the post-Greferendum gains from a month ago...
Nearing its 200-DMA...
Leaving stocks giving up their Greece is good gains...
Charts: Bloomberg
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Oh dear!!! Time to break market.
Not ready yet. Thinking a preplanned "Market Break" when SP in the 2070's. Can you say "SelfHelp"?
Be of good cheer: the profits earned by crushing gold will be used to magically levitate the DOW.
SINCE LEHMAN !
SAY IT!
http://static.fjcdn.com/pictures/Deer_2ddf6b_2141266.jpg
The herd is getting restless and could stampede, better call the FED so their market marshals can ride to the rescue...again......
ZH called the low again...amazing track record
12pm ramp right on cue....fuckin ppt bullshit
and VIX @12:47 - that's when you know the fix is in
theres a turd in the punchbowl
Gives new meaning to the term "Bottoms Up !"
Thank god 330pm comes every day.
Steps to ramp:
Break market 12pm est
then,
330pm ramp
If sellers still exist just shut the fucker off until tomorrow.
Repeat if necessary
Nothing to see here, move along. Tomorrow will be a new record, and it will keep that cycle up until it doesnt.
When is that??? I have learned I don't have a clue of when, but it will.
You of course know that the market crash wil happen the month AFTER the SPY Put options you bought with yer last 1,000 $ EXPIRE worthless.
BTFD
lets see if the Dow erases another triple digit decline in the last 1-2 hours of trading like every other day markets are attempting to crash………grab some popcorn….
or Miller High Lifes.....
Short the QQQs via SQQQ since 11, hoping we'll get to yesterday's gap-down ramp open level, then it might get interesting . . . but will probably bounce
Chance that SPY at 20/50 MAs will lead to sympathy bounce in other indices, but if it heads toward the 100 ...
I wonder if we'll see the SSQQ two-step right off the cliff?
Me and the wifey been taking couple's country dancing classes and I couldn't pass on the reference.
Sorry in advance!
MOAR cow bell!
its really interesting how the phony paper prices of Gold and Silver go up in Asian trading , then get smashed in London and New York...
http://www.kitco.com/charts/livesilver.html
seems like some kind of pattern or something?????
death to the MoneyChangers.
But but Greece is fixed and Chinas growing 7% and unemployment is at historic lows? !
it may be down since monday, but the DOW hasn't gone anywhere over the last 8 months in total. can't figure out if we should shit or get off the pot.
Just don't do it in the punchbowl.
I love the smell of the DOW burning in the morning. It, it smells like, victory!
PBS streetgang.....?
PBS streetgang.....?
It's PBR streetgang, refering to Pabst Blue Ribbon "beer".
Are you saying that the callsign in Apocalypse Now is "PBR streetgang"?
Dr Wall Street says: Buy the dip, take an aspirin and call we in a week.
Geez. If I had a dollar everytime ZH called the bottom falling out and I took that dollar and bought the index. I wouldn't be writing this at work.
No worries, the FED will be along with their wheelbarrow about 3:30.
Green close, bitchez!
Edit @3:52
Stood-up by wheelbarrow man.. Ya can't count on anyone anymore.
Some people make it happen, the rest watch it happen.
It has always been so and it will always be so.
$10, here we come.
I've known a lot of rich folks, but don't know much about large finance operations. I can't imagine how they ever do anything worthwhile. Okay a lot of folks are going to hate me but too bad.
I think we need “essential” organizations like steel mills, bus companies, and so on. But very few “artificial” organizations like derivative trade operations, foreign exchange markets, etc. We need organizations that produce essential output and service, not artificial financial games. And for that we need essentious experts, not artificious experts. Sorry. If we could somehow manage to shrug off all these complicated parasitical complicators we could go back to the old days when shit actually got done, rather than wallow in austerity.
Just keep it simple, keep it real. Outlaw fraudulent complexity and get all the artificious experts to learn to be essentious experts.
Maybe even ban non-military computers. Wasn't real life more fun before they appeared? It's the difference between porn videos and the real thing, or even just old-fashioned strip clubs.
Fantasy costs more than reality in the long run.
PPT will be deployed shortly...time for lunch.
same shit. different day.