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Dead Cat Bounce Dies - Dow Down 700 Points From Fed's Fold
Rule 48 to be unleashed any minute now... Dow futures are now down 300 points (and down 700 from post-FOMC algo exuberance)....
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"Get back in there and turn those machines on." - Marching orders from Yellen
<We have the liquidity, you have the machines. A marriage made in hell.>
But... but.... but.... My financial adviser and the clever folks at CNBC told me this is a great oppurtunity to go long and take advantage of the dip!?!?!
<sarc>
Stop talking to Cramer!!!
;-D
Remember our motto.......gold is evil.
Cash is the gateway drug.
I'm just an ole redneck clinging to my God, Gold and Guns.
Bitter Clinger!
bitter, maybe...but I am no Clinger...I am not Lebanese and I don't wear dresses!
That's an awesome picture she looks like the joker or some other super villain.
Even Cramer is folding:
http://www.cnbc.com/2015/09/21/cramers-warning-market-is-unsafe-unsustai...
What's Gartman doing?
Gartman thinks oil is going to rebound and the market is going to swing up .....
Sell Sell Sell!!!!
Thought the iCar and iPencil would save us. No?
O’Reilly blasts anti-Carson media: ‘Unlike Muslim countries, we have free speech in America’http://tinyurl.com/pk4z2hj
Dow could be going under 10K
could get to 8k
COuld be, but not yet imo.
First a Lower Low, then a final Higher High into 2016 and then kaboom!
http://tripstrading.com/2015/09/19/sp500-weekly-chart-2-or-5/
2016 ........................or ........................2017.
I don't see you wrong as timming is everything.
There are many reasons for a rush into stocks
Ban on cash
Bonds crash
Rate rise (fed)
I just looked at the lower support trend line and that is about where I said.
a spurt up would increase higher low.
IMO
When you are out today grab a few cans of food, top off the tank, fill water jugs, maybe see what the LCS has as the next 48 hours or so might be like no other. Search "9/23" on youtube if you don't know what is happening.
I've had it with the 9-23 talk. What's next? Oops, we meant 10-23?
https://www.youtube.com/watch?v=-xCapv_Y4K4
Alternative view is 09/29/2015
Hmm, have some dry powder this month and was thinking of going to the LCS tomorrow, should I go today instead?
That's bullish. Moar!
Back in the day when we had carburettors, cars would sputter when they were running out of gas.
Buckle up, Bitchez,,,
;-D
Never go full retard choke.
Stop it Cog, you're chokin' me up...
;-D
OT: There is a super fine supermoon this weekend. On Sunday night, the full moon will be at perigee and then at 2100 CST, a total lunar eclipse will begin. Aprox. 2300 the moon will enter totality and become the "Blood Moon" as written about so much lately. One of the things I teach in my yoga classes is the importance of unplugging from this 21st century maelstrom occasionally. This is a great opportunity to head out to a dark place with broad horizon views and watch the sunset and the moonrise on our little blue world. It's been 30 years since we had a bloody supermoon. Get out and enjoy it. ""no electronics"" ;-)
Negative rates and QE4 around the corner
...that is the sound of inevitability. [/agent smith]
audio of above comment (7 seconds)
https://www.youtube.com/watch?v=kIbEj1CIpuU
Negative? Nah. They'll make a desperate jump of 10+bps before they go negative.
Just checked futes. Might be a good day.
Which Fed official is going to give this market a blowjob this time...
The problem is they never swallow. Distinctly unsatisfying.
Wonder if Rule 34 applies to Rule 48?
Funny, I don't see BTFD on these comment threads anymore. Why is that? :)
BTFD
+1 btfd bitchez. fixed it.
if you do not btfd then you are a fucking idiot.
if you do not btfd then you are a fucking idiot.
I heard that in the robot voice when I read it... ahhh, the good ol' days!
Not yet http://tripstrading.com/2015/09/19/sp500-weekly-chart-2-or-5/
http://www.kitco.com/charts/livesilver.html
KS - Watch it bounce between 1030 and 1130 eastern...
Likely around 1100 It will shoot up really fast, experience a quick drop, then a quick bounce back, before it closes at or near the initial drop.
Closes @ 14.97
There becomes a point where any natural system reverts back to its norm, irrespective of outside influences trying to change it. Markets are natural systems, and I don't care how much the Fed tries to manipulate it, system fundamentals will prevail. I also will note the metals markets in general, silver in particular.
-Argenta
Ahhhh, the moment we've all been waiting for.....I can feel the excitement building up inside of me!
(Now it's back to finishing the brain surgery on my T-2000)
But steely Dan said would be on a Friday
The Pope will be in NY on Friday.
The high probability of banker rain on Friday has postponed the event in consideration of the Pope's visit.
--HuffingPoo
the pope don't stack silver..
I'm not catching any grey-haired men jumping from the 14th floor!
Just tell them that you will and as they plummet step out of the way.
booyah bitchez
bring out the clown
holding sds/tza, I know I am doomed, but years of investing has made me hate this fake fed put markets and the lies of finance news and .gov bls crap..qe is like a hungry lion wanting out of the cage..yellen get to work will be the call..for you all on ZH bet the bottom is in so go long.
Sorta what Hussman predicted ... we'll see.
An honest question: Does anyone have a convincing argument for yesterday's market rise other than PPT activities and collusion with "interested parties"?
Why are you answering your own question as you're asking it?
lol - But I was thinking about other factors that I would value hearing about. Explanation for retail? other things, etc
Bank of Japan bs, didn't last long tho
But...I thought you said it was Hillary's fault?
When you have the FED justifying extending seven years of un-natural zero percent interest rates by identifying inflation being under their target 2% based on institutional FAULTY measurements for inflation that everyone is realizing are faulty - you have a severe problem. As more and more attention is being focused on the FED, the general citizenry are beginning to question them based on "open eyes" and observing what impacts them and ability to maintain any kind of lifestyle.
(and yes - this is focused on their main reason for not raising and not the crap about "not quite healed" labor market and global concerns. Hopefully the next step is a universal realization that the FED exists to serve Banksters, Wall Street, and the .01-1%. IMO it is FINALLY coming).
In the coming months I expect many more bankers will announce easily curable forms of sympathy illnesses.
https://www.psychologytoday.com/blog/the-human-equation/201001/cancer-fr...
Can we get the mother of all crashes over with already? I'm late for an appointment...
Exactly Blitz. As our old friend Larry Silverstein said...
https://youtu.be/C3E-26oVIIs?t=41s
These $10 and .50 instant smackdowns in Gold and Silver these past 4 years are starting to piss me off !!!!!
Stawks down?
Gettin shaky?
Smash gold and silver, there ya go.
http://www.bloomberg.com/news/articles/2015-09-22/chart-watchers-zero-in...
Chart-Watchers Zero In on More Warning Signals for U.S. Equities
by Anna-Louise Jackson
September 22, 2015 — 12:00 AM EDT
- Technical analysis patterns suggest further weakness ahead
- Head-and-shoulders, Dow Theory point to shifting trend
Equity investors rattled by last month’s correction, the prospects for the global economy and the Federal Reserve’s interest rate policy can add a few more reasons to worry.
Several technical charts are sounding warning signals that the worst of equities turmoil may not be over. So is the market headed toward another selloff? It may depend on how much stock you put into such omens. Some investors see technical analysis as only so much voodoo, claiming past market patterns give no insight into future movements.
The latest signals come after Wall Street early last month was fixated on another chart -- the “death cross,” in which the 50-day moving average of the Dow Jones Industrial Average fell below the 200-day average. The two lines crossed on Aug. 11, and less than two weeks later the gauge dropped 10 percent in four days for its first correction since 2011.
With that in mind, here’s what the chartists are seeing in the latest batch of data:
1. A downward sloping neckline in a head-and-shoulders pattern:
The Dow this year has formed “probably the most famous pattern in technical analysis” -- and it’s not particularly encouraging for stock bulls, according to Murray Gunn, head of technical analysis in London at HSBC Holdings Plc.
A so-called head-and-shoulders pattern is a formation comprising two peaks separated by a higher peak. This particular one -- marked by shoulders in March and July and a head in May -- could be “the first crack in the dam” and is special because of the rarity of its downward sloping nature, he wrote in a report Monday.
“It’s a bearish pattern which could be signaling a new bear market trend,” Gunn said in an e-mail. Investors should watch for increasing volumes on down moves in this benchmark index as the next indication that sentiment is becoming more negative, he said.
If the Dow -- which climbed 0.8 percent to 16,510.19 Monday -- were to trade above 18,137, a level last seen in July, that would provide more optimism, he said. Otherwise, “a new long-term and potentially powerful bear market has started; one that should end below the 2009 low.”
That low, on March 9, 2009, was reached after a head-and-shoulders pattern occurred during 2007 and 2008 at the start of the financial crisis, HSBC noted. The date marked the beginning of the current bull market.
2. Dow Theory sell signal
The signal that’s “causing the most angst” for Jeffrey Saut, chief investment strategist at Raymond James Financial Inc., in St. Petersburg, Florida, is one that happened last month.
When the Standard & Poor’s 500 Index fell to a nearly 10-month low on Aug. 25, two other indexes were below an October 2014 low that many chart watchers were closely monitoring. The Dow Jones Industrial Average and Dow Jones Transportation Average both breached this level, flashing a so-called Dow Theory sell signal. Such a signal occurs when the industrial and transport indexes fall below the low of a previous selloff.
What’s behind this angst? There’s only been one false Dow Theory signal in the last 18 years, Saut wrote in a report Monday, which gives him “cause for pause.” There is reason for optimism, he said, because that one false signal came in May 2010 during the so-called flash crash -- the last time the 30-stock gauge lost 1,000 points intraday, until it happened during the market upheaval in August.
Saut said he hoped this latest signal will prove faulty as well, but that if these two gauges breach their Aug. 25 lows again, this “suggests a change in trend that must at that point be honored.”
Another reason for optimism: the S&P 500 has yet to breach its October 2014 trough. True, that index has nothing to do with Dow Theory, Saut points out -- chartists may want to create a new theory.