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The trend is your friend... until it ends...
Charts: Bloomberg
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what is this "market" that you speak of?
all just noise, Yellen will start printing money again, biggest santa rally ever coming! If printing money doesn't work, just have few more software upgrades and halt trading when the market crashes. Works everytime.
exactly.....may I remind everyone here with short memories - October 2014 (no bid)...new all time highs soon
Ahh yes the Yellen & Bernank 5000 is off the gridline and in unchartered territory. It only takes 1 hit to the EPSON toner supply chain to topple the whole beast.
Nothing at all to worry about...the Bureau of Labor and Loafers with Statistical Highlights of Individual Timelines (BULLSHIT) says seasonal adjustment will start the cartoon over again any minute now. Go long OCR (Orville Clarence Redenbacher)
Just finished a review of retail in my home town. Down 32% year over year. It's coming!
Don't Worry ... It'll get fixed under ObamaCare .... Be Happy
No... Moar like CHINA SYNDROME IS ABOUT TO STRIKE!
Buy! Buy! Buy! Look the line is going up! That's good right?
Some people (wall street) will never learn
Until the most important market trendline since 1987 is broken
I feel a disturbance in the farce.
That looks pretty damn ugly. I wish old joo hag luck, she's going to need it.
Damn weather.
looks like a Mt Everest climb. my oh my , look at all the oxy. canisters(buybacks), wow, a frozen corpse (52 week lows). i gotta get out of here(alice cooper), ha...
Can't we get Monsanto to fix this?
Just have the children of the overlords start mating with real human beings.
Anything to stop those prevalent genetic disorders due to chronic inbreeding such as the dreaded Tay-Sachs disease.
Here's a clue.
Stop marrying your first cousins.
Good citizens of Metropolis! Please tell Mrs. Yellen to keep interest rates at zero. And let's fire up that printing press. Daddy needs a new pair of shoes.
It ain't over till the fat lady sings, or the bankers say it's over. The bond bubble is the last "thar she blows".
But I agree, I do feel like Jeremy Irons in Margin Call...."I hear no music out there ..... just silence ". A forboden feeling.
lemme see ... it's been a rigged market since way back whenever, right?
And now an important trend line in a totally rigged market is violated, right?
And now I should worry about a violated rigged trend (or get the inside tip-o-de-day) with a quick twit to Yellen (or is it Yelsin?), is that the message?
So does that mean I should try to paint the penny stock board, or will the HFT megaconglomeratii beat me to it, again, and then short it all --- again --- before I have a chance to even buy into the up tick , or short the fat finger of the invisible hand's predestined crash?
Or, does it mean my little retail quant tools store will get more, or fewser card swipes than usual?
Or, does it portend my brand new sassy intuitive SEC 13F Filings scraper interface targeting a supposed imagined narrow vertical segment of nonexistent wannabe retail coattail traders will , finally, taste the magnetic strip?
What we need, the nation needs, is for the esteemed Ms Maria "Triple Chin" Bartafartalobi to get the podium asd ask her perennial, and always comforting, signature question of he day, "Does this mean more retail investors will get back into the market?"
Throw her another 8-Ball, Larry!
Or, OTH, is this the time to get back into the maw and paw "sin industry" (again)?
Inquiring minds want to know. ... hmmmm .... where is my Quija Board ....
So why did this guy use the Aug 2011 low to draw the trendline and not the August 2014? Trendlines are in the eye of the beholder. An August 2014 trendline isn't broken...yet
You are correct only if you are not drawing off the 2009 low.
What held the August 2014 low to the point is the line off of the breakout of the bull market, not the reversal.
The market broke out, with a gap, in January of 2013. Draw it off Dec 2012 through Jan 2013 and through August 2014 and it has not yet broken. (never "through" but tangental)
Far more important today was the reversal of Sept Bonds at 155.27 and the massive sellside offers that come out in the dozens of thousand share lots around 155.20.
Bon appétit.
This chart is an exponential scale. If you look at a normal scale chart, the trend is still up like mount everest. Nothing to see here, comrades.
Because he/she doesn't know how to draw a trendline. Point and figure trendlines are drawn using upper or lower candle bodies, not the ends of wicks, and the SPY would have to drop over 10 percent tomorrow, and close below 180, to breach the upward trendline from the low of 2009. (Draw a line from the low in 2009 to the low of Oct. 2011, and let it rip.)
Just looking at the futures suggests that trend is pretty safe tomorrow. In fact, the six year trend for SPY will most likely continue, ho hum, and that trend is UP.
ZH will have to wait another day or two for the world to end.
So even the anti-ZH crowd admits the charade is down to days from ending? That's a lot of progress!
The E-mini V-neck-T-shirted bermuda-shorted flip-flop shod DTs chasing the fast tick in the burbs don't care 'bout no trends. fact, they don't care about nothing cept de whereabouts of de invisible hand - and - err - shutting down the feed to dat one console in the rig streaming de free porn when de school bus squeals to a stop.and drop the nestlings|
I looked at some fresh goat entrails yesterday and they told me "buy! BUY BUY!!!"
(A cave in Patagonia)
Jump! You Fuckers!
Well said for a deadman, cadavre
Well said for a deadman, cadavre
Covered my latest S&P500 shorts today @2065 for +$8000; don't care about trend lines. trend following is just a complicated way to go broke. I sell tops; it's an old dying market.
"Buy! Buy! Buy!..."
I´ve got a stock here that could really excel.
http://www.horace.org/blog/wp-content/uploads/2008/06/book-buy-sell-sell...
Hey - I'm trying to start a new conspiracy theory.
"Hackers stole credentials from Hillary's server to carry out the recent Federal Goverment Data Breach"
Pass it on
Send it to Trey Gowdy. He never met a rumor he didn't love.
Drudge would love it!
George Soros agres with you.
http://moneymorning.com/ext/articles/windfall/soros-bets-on-market-crash...
I often think of Daffy Duck when I turn on CNBC
No No Underground....its DOUBLE seasonal adjustment now.
The trend line (above) also decided to ignore the October 2014 low... just sayin...
Damn. You brain dead PINKO FASCIST COMMIES make my blood boil! How can humanity sink so low? It's a disgrace to the human race! Please have an original thought and propel yourself out of the shackles of IGNORANCE. Blindly following the status quo is for LOSERS and PUSSIES!
This is why all charts are meaningless. We have a fed that will step in and take the most extrodinary measures to ensure that wall street gets its profits at any cost. There will be blood but it won't be wall street's.
Please enlighten me, what the hell am I looking at?
How about a chart title and axis that you can read?
sounds like you have an axis to grind
Kprime, I'm inclined to agree!
666
If you have to ask... Well.
Are you new to chart reading?
The chart shows everything you need to know, steep incline for extended period, with uncharacteristic trend line breakdown right at the peak. Ooopsy Daisy...
Click on the chart and it will expand full screen, making all the little numbers and letters BIG...
DaddyO
Ya, based on the Jul '08 peak, this is what we call a "double bubble." Actually Cheech Marin coined that first in '78. What was that film again? Oh, yeah ............. UP IN SMOKE!
The dive is going to be as steep as the climb Chong made to get a ride ..
Chong new how to play cause I remember competing against him and his buddies in the Battle of the Bands in Vancouver Canada Tommy Chong is second in the list of band members.....http://jam.canoe.com/Music/Pop_Encyclopedia/L/Little_Daddy.html
Whats the big deal? Just lower the trend line. Everything else is goal seeked anyway.
I dunno...but it sure $INX
Gonna $INX like the fucking Titanic at some point...head for the life boats now...you can rearrange chairs when you get to dry land.
Please enlighten me
This is as simple as I can make it.
The Green line is support for the market
The Red line is the volume trend
The Green is no longer supported.
The trend of both the Market and the Volume will now change directions. The move will be astounding.
Technical analysis is bullshit in a manipulated market.
Do you work for Janet?
well, keep watchin china and report back on manipulation. at some point even algos react to fear...
I don't know, enough fiat and the technical analysis can also be easily manipulated.
Technical analysis is bullshit in a manipulated market.
I agree but at some point, the market will be free from the shackle of manpulation in which case, I stand by my theory that "The move will be astounding."
Nope! I work for free markets, My Card, Sir
I'm pretty sure technical analysis is bullshit in any market.
Technical Analysis is King in a free market - I'm not shitting you.
Except you are biased. The end of a trend does not mean a reversal must come next. It could be there will be a flat period and then a new trend in either direction.
orez65, to sum up the charts....the higher the non-markets go, the lower the non-markets volume goes. It's totally unrigged, so dive in, the waters warm. Whatever you do, stay away from those barbaric relics and remember, keep smiling!
It's a chart damn it! Haven't you been paying attention? Just buy!
Just one simple question to the peanut gallery:
China's stock market has lost $4 trillion in value over the past several months, while at the same time they have been dumping US Treasuries Big Time!
Have they been dumptin T-bills to provide liquidity in their falling stock exchange?
Or is the falling stock exchange in response to dumping those Treasuries?
Just a simple question.
And here is your simple answer:
Yes
Yes.
Trouble comes in threes.
Yes.
I think it came to fork and took it.
"what is this "market" that you speak of?"
As in mark it with a price and shove it out the door
Interesting looking at that chart on Sept. 2012, that's when things tightened up and went into no volume major manipulation mode. It was also near the highs and weakening where some bears might have considered shorting. Oh yeah, Sept. 2012 was when QE3 was announced. I laughed hard when the IMF told China to not manipulate their markets. LOL
Pot.
Kettle.
Black.
HAHAHAHAHAHHAHAHAHAHAH!
"what is this "market" that you speak of?"
This "market" reminds me of Lenin's tomb in Moscow. The body lying there looks very lifelike. It's almost as if Vlad could sit up, shake off his slumber and start ruling again. But we all know it's just a dead body heavily embalmed. That's the US stock market. Just a lifeless corpse being embalmed constantly with fiat to give it a lifelike appearance.
MOAR CHARTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!WE FUCKING NEED MOAR FUCKING CHARTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!WE CAN'T LOOSE ANYMORE MONEY WITHOUT MOAR CHARTS!!!!!!!!!!!!!!!!!!!!FUCK!!!!!!!!!!!!!!:)
So should I sell all my shares of CYNK now?
Anyone checking out the Fibonacci Extension of 161.8% from the 2009 low? I'm guessing a range near 2,135 or so on the S&P. Hmmm.
Change is constant!
The volume chart speaks...volumes
No no... Everything is static. Until it changes...
Indeed, like a train derailing off a bridge onto the deck of a boat just as said deck is submerged by water and the force of one sided weight. Gold on the other hand is in an inverse position or very close. The markets were rigged before 2009, just a 'terrorism' has taken liberties, reality checks in the 'market' have allowed the vast majority of Americans to dislocate their minds from truly insane fiscal ponzy print more heroin, I mean fiat Charmin for the patient policy. However it cannot and will not continue ad infinitum, it's simply impossible. The machine has to many moving yet broken parts now without remedy and too many adversaries that think alike. The next 6 to 12 months, maybe less, maybe a little more, will be the important time in US history. Will we burn out or just fade away? Unfortunately the scene is too skewed to one side to just fade away. Fortunately these fucking idiots are giving us cheap as hell silver and gold, will probably get cheaper providing a once a few generations opportunity to get through a shitstorm of this magnitude. One must also be prepared and be able to be self sufficient as well.
someone check the printer room....I think I smell entropy....
I think we have darwinism in these markets. Might be the only time darwin's theory would be correct when applied to the Fed's awesome market.
Darwin was the Al Gore of his profession and his mentor said his book had left the rails of scientific procedure.
lp0 on fire (aka Printer on Fire)
https://en.wikipedia.org/wiki/Lp0_on_fire
What about hope?
can you spare some change?
No, but I've changed many a spare.
You didn't change that.
I thought Malachi was constant?
Nothing unusual about that move up. Fuck.
Is the juice worth the squeeze?
Be careful or the juice will squeeze you-----even more.
NO! We are going to make Juice from the Green Shoots of the Economic Recovery!
Juice Man! https://www.youtube.com/watch?v=PleFw1gZ8GM
Juice Man! https://www.youtube.com/watch?v=PleFw1gZ8GM
Is the juice worth the squeeze?
In Soviet Russia, shorts squeeze you!
Meh, I ditched my "tighty-whities" ages ago. I'm full time commando now...
;-D
Insight; foresight; more sight--The clock on the wall reads 1/4-past midnight
This is bullish for inverse wealth effect.
Hookers will be getting cheaper too.
I always thought "hookers and blow" was redundant...
From this point hence, lets just refer to it as "blow blow"
the inverse wealth effect multiplier/modifier.
inverse. Is that what a redneck calls all the stars inna sky?
quick ---tell Michael Covel!!
Schlesinger believed the war to be a "tragedy without villains" and identified nationalism rather than communism as the most influential factor driving US involvement in Vietnam.
TBTF majority groupthink...buy more Treasuries today.
Gotta feed those apes.
Internet connectivity - q-u-a-g-m-i-r-e.
The bulls will stand on their head and think it's a bottom. IT'S DIFFERENT THIS TIME!
Kind of depends how one draws the line, no?
The TA suggest that you should draw the line at close. But looking at the volume it doesn't seem to matter. The volume itself confirms(even though this is a 7 year advance!!(wow!)) that this move up is weak...regardless of the advance itself.
And no...I didn't thumb you down! Someone else did that. Gave you +1 :-)
I have no fucking clue what this trend line is showing. Almost done manually. If it was based on closes, the green candle it starts on with the tail suggests it closed well above the low of the day... so don't start the trendline on the tail. A trendline that was best-fit, so that 50% of the points are above and below would better suggest what the true gravity of the trend is.
I like the 'ignore the long tail pin bar and supporting volume on July 15th showing smart money btfd'ing because it doesn't fit our trendline and is therefore irrelevant' approach. Good work.
I would like to post the FREEDOMS chart vs time vs dow. but it is too depressing even for ZH.
we are now back to 1580 ad and falling fast..serfing the wave serfing..you ain't free just does not begin to explain the freedoms chart.
That's a chart I would probably have made into a t-shirt.
The downvotes were from Phoenix Crapital Research.
What insane conspiracy goldbug is making these charts? Everyone knows markets only go up.
Actually, that break is pretty significant. Rather or not the digital zero masters can keep it up or not remains to be seen.
Agreed. Yesterday, on heavier volume (111% of 10 day average volume), we had 18 new highs and 485 new lows. We may get a little oversold bounce here [after the last week of carnage] but this is a significant break since mid-May and it feels like a nice time to get long more boating accidents.
Well, it was inevitable. Can't keep inflating asset prices at rates several times faster than earnings forever.
Clearly you don't have PhD in Economics.
:) Yes, lesson #1 in PhD econ is that trees can actually grow to the sky if you just print enough money, especially now that you don't even have to chop them down to actually print the money.
Rickards did a recent study (propounded by Maloney) and determined most Ph.Ds are dumber than 5 year olds. Or, is it that most 5 year olds can recognize real money compared to most Ph.Ds? I was watching The Toy (Gleason and Pryor) recently. Guess how many are dropping their pants at this very nanosecond ..
Rickards did a recent study . . .
Rickards? That's the dood who was at LTCM when they almost brought down the global markets, huh?
The same dood who created that $1 Billion Credit Default Swap?
Now, I wonder what the payout would have been on that CDS?
Now wonder they almost crashed the world!
Clearly if he did he would be more worng
I am not lol'ing at the advance itself...though I am lmao at the volume.......lol
The volume tells you all you need to know. The real SHTF when it picks up.
BB, if you really want to LOL....pull up a long term S&P500 chart on Bloombstein....GPA <go> then click on max.....you will LOL all damn day.....and the next day too !
We still must close the 1929 gap at around 40.
24 down months...and whopping 52 up months since the bottom in 2008. Not bad.
yeah, i always watch the gap
lol, well played sir...
It’s Monday, let’s mind some gaps!
Awesome!
I was buying the dip today with both hands. Granted I was doing it to cover existing short positions but still. If I am buying on Monday that means we are going sharply lower this week.
It really is about time...
The emotional trendline isn't broken. Yet.
just a bit of resistance. adjust trendline and keep consuming.
O ye of little faith!
Here bears... heeeeerrreeee bears bears bears bears bears. I've got some nice, juicy short positions just waiting for you! No, nooooo, Yellen won't yank the football away again at the last moment by buying up everything on the board. No, no no no no no. This time it will be different, you'll see! This time your short positions will make you lots of money, I'm quite sure. Look at the fundamentals! How can you lose? It's different this time, you'll see.
Here bears... heeeeerreeee bears bears bears bears bears... any still alive out there? Anyone? Anyone?
No, they are at the bottom of the Mariana Trench with the bond vigilantes.
I thot those were glow worms.
Succinctly stated by a card carrying member of the PINKO FASCIST COMMIES; destroyers of AMERICA and the FREE WORLD. Here's to you gettin' yours real soon...
"Succinctly stated by a card carrying member of the PINKO FASCIST COMMIES; destroyers of AMERICA and the FREE WORLD."
Dude, MillionDollarBonus has the nutcase satire market cornered here on Zero Hedge, but let me clue you in to something about our modern day reality. We have hard-core far-right free-trading Republicans who have no problem whatsoever shipping our entire manufacturing base to Communist China, while on the "other side" of the spectrum we have a Jewish fellow who is against unlimited free trade with China, in other words he's an economic nationalist who also happens to be a socialist. "Republicans" who are in bed with Communist China, and a Jewish radical leftist who could be properly described as a National Socialist; we are now in a era where lables have lost any and all meaning whatsoever, you may as well call me a Purple Snorklewhacker for all the good it wil do.
P.S. Adjust your meds...
Yes, Yes ... I'm still alive ... just broke.
Trendlines have no basis in statistics or any other numeric field and have no better predictive capability than flipping a coin. Like all the rest of TA, just another pseudo-tool to impress punters.
Since all trends eventually end, they all predict the direction of the next move, and they are always right.
What about October when it broke your trend line there?
I hope your right but im not getting my hopes up.
You can alway win monopoly by printing more money
It is best to lend money to the competition to build hotels, on the condition that you get to land on them for free. Then after they all bankrupt each other you foreclose on their developed properties. You have everything, everybody else is homeless. *winning*
Is that really all it taks to get top ZH article? I could connect the min trend line many other places and get either better or worse indicators. Why is anyone looking at manipulated trends? The fed will let them go only one way... to the moon.
FUCK YOU, TRENDLINE!!! BASTARD!!!!!!!!!!!!!!!!!!!!
It matters not. Brucelyn Jenner is still rockin the T and V so all is good.
Gotta love that volume decline! Maybe there won't be a crash, appears there's about 4 major players and they probaly all have the FED's at their backdoors with tommy guns. Looks like we need the US gov't to buy stocks and make selling illegal.
Low volume is a double edged sword; one the one hand it makes it easier to manipulate the market and on the other hand it makes it easier to manipulate the market...the lack of liquidity will be the real issue when the "reset" occurs.
Hate to say this but Bullard low broke as well and then market bounced back.