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Death Cross For The Dow Trannies
Remember how a whopping month ago the Dow Trannies were supposed to be the Dow Theory signal that was sure to send the S&P above the 1500 resistance? It is time to revisit the chart, which after a furious collapse has just followed the S&P into entering the Death Cross. It is truly odd how we never hear about the Dow Transports any more on Comcast's finance-stand up comedy fusion station any longer.
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Last time we had a death cross was in August 2010. How did that work out for bearish bets?
Beeing long now is a bet on QE3 > 1 T $
QE3 $1.4 trillion is the largest number I have seen (Kudlow's).
Sorry slaughterer, but you have to get rid of those mammaries...all I can think about is getting my face in there!
Forget QE3, unless we have a 20% downdraft in the markets its not coming. And Kudlow is a moron.
The USD is too low for QE3. And the USD-JPY is on the brink. Any more monetary stimulus and the USD will collapse lower, pushing up the yen. If the yen goes higher, the YEN CARRY TRADE IS TOAST. Thus massive deleveraging from all the big players, yen pushes even higher, Japanese economy implodes, and a bigger market meltdown.
No QE3. break in case of emergency.
If you are a central planner, and just looking at stocks and the DXY and then QE3 is a green light once the euro implodes, while guaranteeing massive inflation in real terms for anyone who doesn't trade worthless fiat paper.
I didn't know that Kudlow is the Fed Chariman
qe 3 in disguise after gold revaluation
Sorry but I cannot stop staring at those tits!
I know eh!
Thanks, but you should focus on the gold chain between them.
there's a chain?
just zoom out a little before the shave
http://bit.ly/nLzqJl
sincere apologies for the Ritholtz link
Worry About Important Things — Not The Death Crossdoesnt look to good for 00 and 69
@anynonmous
I'm not going to pad Bitch Ritholtz's traffic. He is an epic douche.
its hard to be mad at a comment like that when its provided by epic boobs
Bearish bets on QE2 got vaporized.
http://www.youtube.com/watch?v=VqZ_dC1T7pA
http://www.youtube.com/watch?v=3fumBcKC6RE&feature=relmfu
ewe, JW. That was so ugly and just plain bad. lol With crap like that you know it's the end.
Those vapoized bears still thought it was a market. It isn't. Anybody who still thinks it is a market and are willing to take a trade based on market forces are at risk of being vaporized. All that matters is understanding the scam. Any large drops in prices will be met with an equal and opposite force driving prices back up, and a little extra on light volume to punish anyone with bearish thoughts. This allows the central banks to keep slowly buying up gold.
I learned that hard the hard way.
But, But its different this time! Wait, whats that in the sky, Tyler? Is that the Hindenburg?
and between QEs gold bears continue to get buried
http://www.youtube.com/watch?v=9kv9W5Tpzpk
Yea...
feelsbadman.jpg
really nice racks. But this is a violation of code if we view this page in a work environment :)
Yep, I agree. It would be nice to have a setting that does not load the user profiles to avoid that potential problem too. Technically anyone viewing this site at work is setting themselves up to be fired. /sigh
Isn't reading blogs at work grounds for being fired anyhow?
I just leave a futures ticker running, but then again, my job is modeling parts in CAD, not researching markets. Of course, given what I blast out at 120 decibles or so all day long, I think a tiny picture of tits is the last thing that might offend someone walking by. As long as I remain useful, they don't try to interfere with my relative freedom.
Many ZHers have asked me to remove the racks. But if Tyler is going to have a bare-chested Brad Pitt on his Tweets, I am going to keep my tits on my avatar.
Do you happen to be Maria Ozawa? If you are, how about a date?
pay no mind to the bearded bag-pipists that are calling for removal. You and Pladizow need to get into an argument I think. I don't care about what, just do it!
the only reasone aug '10 was a bottom is QE - lite started. see the chart
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s206018187]&disp=P
else down down down....
Well, a whopping QE saved it last time, no such luck this time though.
yes... we have every reason to be bullish.
The bull market from 2008 and 9 was in the hope that the economy would recover and dividends would come back at full force. It didn't....
don't expect a DOW 14000 after QE3 or 4.
Slaughterer. Could you wear a bra please? Your beatiful tits distract me from the death cross. Thank you.
Maybe you should give some consideration to your avatar. The guy who wrote the piece is talking about Trannies....
Oh my, this picture puts a whole new light on "cross my heart and hope to die"
Looking at the picture puts a whole new light on the "cross my heart and hope to die" phrase. Nice chain, gold isn't it?
QE3 better be big and come at Jackson Hole. Otherwise these markets are fucked.
as much as i like puffy nipples, this does not look good at work... "im reading financial news".. "yeah right.. perv".
the greatest republic ever is decaying from laziness.
http://covert3.wordpress.com
The time to buy hold and hope is over, if you'd all like to be added free to our weekly market update of the risk-on/off portfolio(been risk-off since 6/30) send an email to eclark@breakaway-partners.com and I'll add you to the list. When we go back to risk-on, you'll be notified on the weekly update. Portfolio currently +7.5% YTD and invested in short term teasuries in risk-off. Risk-on is a diversified portfolio of ETF's inclusing domestic stocks, int'l, commodities, gold, silver, MLP's and REIT's. Only be long when the conditions seem safe and avoid the big drawdowns, thats the way to build wealth and avoid losing money
Yeah I remember the hindenberg omen in ZH and I made a load of cash.
time to go short again
speaking of dow theory.. looks ugly. transports are confirming melt down. time to look to load up short for the 5th wave down...
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s222888455]&disp=P
Not so sure we're in a 4th wave right now. We might be in a wave 2 (intermediate) rally, which could still have a little more upward trajectory before intermediate 3 down, at which time, it's on, bitchez.
This is bullish right?
with a name like death cross , it has to be bullish
I'm too drunk to run them. Any success rate statistics on the death cross for the recent past? I think the death cross has not yielded good results lately(loosely defined) but that's just off the top of my head.
From Marketwatch:
Date of death cross Month Quarter 6 months Year
July 2, 2002 -5.6% -11.9% -7.4% -7.4%
July 23, 2004 1.1% -1% 4.3% 4.2%
Aug. 6, 2004 5.4% 5.1% 9.2% 7.2%
May 19, 2005 1.1% 0.6% 1.7% 4.6%
Aug. 26, 2005 0.6% 5.1% 5.7% 4.0%
Oct. 10, 2005 2.9% 7.5% 8.3% 8.4%
Jan. 3, 2008 -3.2% -3.4% -13.5% -32.2%
July 7, 2010 6.6% 9.2% 16.7% 24.3%
Actually here is the full table:
cnbc had a guy from jpm on the air this a.m. who said JPM doesn't own **ANY** usa treasurys because they suck raw ass.
death cross bitchez
Atta boy, Caerus. Someone had to say it.
barbarous reclic at 1790ish.. snatch lickers!
That's a good thing, right?
I can't think of 1790 and snatch licking, although not mutually exclusive, as being a set of bad things for ANYONE. :)
nom nom
Except look at the lower left of your chart... not exactly death.
The selling has all but been taken down to a trickle. Sucking in shorts to fry at close
OT : Obama's US job tour bus was built in Canada
http://www.nypost.com/p/news/national/canucklehead_obama_bus_ted_gyztvw8...
That´s change Detroit can believe in
Sounds like the title of an epic straight-to-DVD (not even Blu-ray) "B" movie.
And now we return you to your regularly scheduled programming already in progress.
lol...like a shemale horror thing...that might work...
Complete with horse-head book-ends.. :)
.....or a Norwegian EMO band....
lol
Economically a Painful Operation: Death Cross for trannies, if by tranny, you mean the leading indicator is now swinging the other way.
Prediction: When the Tranny Death Cross meets the Hindenberg Ovum, there's going to be a real Head and Shoulders topping pattern.
Stocks are rallying again - somebody needs to go tell the bond market @ 2.18 10yr we're not in a depression (unless we are) and tell gold @$1796 we're not going to have hyperinflation (unless we are). Stocks rule!!!
S&P failed at mid bol on the 10 min. Buckle up.
OK, never mind saying anything to Bonds and Gold about this...I guess they know what they're doing.
Stocks are the short bus.
I like the Boobs, just hope we don't get any pricks.
G-20. BINGO. The Great Intervention (GI not QE and TGI for the history books) will be in the vicinity of $5T and will begin a restructuring of the imbalances.
No time for such things over at the BlowHorn [CNBC], Tyler. In case you hadn't heard, its Christmas in August. Time to chat with shoppers in malls, and feature all the great new colors of assless jeans, and new redundant Apple products being released for previously redundant Apple products.
More stories about shopping! That's what matters during times like this.
[Someone should tell the executives over at COMCAST that they really should start shopping for CREDIBILITY!]
Must....buy....Apple IAssless.....jeans......must shop....
On the other hand, this is jeeoostt what we saw last August. Member?
But don't get me wrong. I'd like to see a wipe out as much as anyone here.
If you mention the Dow theory, the bearish signal was way earlier:
When the trannies failed to better the last high decisively. In Robert Rhea's time that was 3% higher, after that I have not heard anybody publish a new number.
Moreover, the industrials made a slightly lower high. That together confirms a bearish signal.
If AAPL were to fall further....http://www.dailytech.com/Report+Apple+Caught+Photoshopping+Galaxy+Tab+10...
Mark Hulbert of Market Watch blog the Tell says we should NOT worry about the Death Cross as it is seldom right.
What Mark and most of the lazy, dumb journalists that fail to do their research properly are missing is that a "Death Cross" only works when both the 50 day and 200 day simple moving averages are moving down at the same time. This also works for the bullish "Golden Cross" signal where the 50 day and the 200 are both moving up.
The erroniously reported Death Cross in July 2010 was not real as the 200 day moving avaerage was still going up at that time and educated technical analysts ignored it, much like everyone should do with Mark Hulbert.
On the other hand (I've got 3), McGinley's saying SELL, SELL, SELL! And McGinley is never wrong.
"Death Cross for Trannies"...Sounds like a 70's punk band:-)
Truth, you around? B9K9? Anyone want care to speculate?
by PaperBugsBurn
on Wed, 08/17/2011 - 13:46
#1569517
You're right about different bankster faction. Dr Webster G Tarpley (www.tarpley.net Twitter.com/webstergtarpley ) says it's a hit job from England (the City where Rothscum and Co hang out). He says that Indian guy from S&P is a Brahmin (the banksters grew their opium in India more than 100 years ago). He also says that other dude from S&P is a London School of Economics snob.
Besides, who else but the most powerful banksters would dare do this? I think it's the HSBC crowd -as opposed to the Goldman Scum crowd- who is not interested in risking their investments in Asia and who would lose their juden fetzen power (a major blow) if gold nukes were deployed.
reply
by thetruth
on Wed, 08/17/2011 - 14:03
#1569603
Yes, this is the type of info I was looking for. Do you suppose the hit was part of the "plan" or was it a result of some bickering amongst factions? It's hard to know how tight-knit these groups are in reality.
reply
by PaperBugsBurn
on Wed, 08/17/2011 - 14:20
#1569694
I think there is dissent within their ranks for the simple reason that their interests are not monolithic. Remember when Stanley Fisher was proposed for head of IMF? Then they turned him down? To say nothing about that farce with DSK. In that instance I think it was the Americanized banksters who were defending their dollar -against the SDR. No, I really think there is tension within and this S&P hit job is to show the pols in DC (who would lose their parasitic existence if they cut the bread part of bread and circus) who really runs the show.
The basic problem is that printing money shoots up inflation in other powerful countries and destabilizes these regimes. The City banksters have major interests over there (bigger than in the hulk of the us economy) and those regimes will pull the golden trigger before losing their own cushy existence.
What do you think?
edit reply
Death Cross image-google search:
http://ow.ly/65KTe
omg i want that guitar
Ah Tyler - you never fail to amuse!
Clearly totally bullish then..
...seriously, what is all this really pointing to? http://news.softpedia.com/newsImage/Texas-Sized-White-Arrow-Found-on-Titan-2.jpg/ ...lol Krugman's Zombie Bankers From Outer Space http://www.youtube.com/watch?v=C5FDzzupVvY
The market priced in QE3 already. Wait until the announcement on or around 26/08 to go short. If there is an announcement it will have been a typical buy the rumor, sell the news type setup. If there is no announcement of further QE, the markets might as well be closed.
Other than PMs, and Gold in particular the QE2 upside was quickly evaporated. QE3 will evaporate even faster because...
FUNNY MONEY DOESN'T FIX ANYTHING!
MORE FUNNY MONEY DOESN'T FIX ANYTHING EITHER!
Who cares if they announce 1 trillion, 2 trillion or 4 trillion QE??? It's not AS IF that money was really there to begin with. It's all BOGUS!
The only difference is how much more you're going to pay for groceries going forward and how much higher your gold portfolio is going to increase.
There's more than enough FUNNY MONEY in circulation.
DEMAND on everything is declining. Except for gold maybe, not even sure it's real demand driven.
WE NEED A GOOD FLUSH in so many ways and then some.
Russell 2000 signaling the death cross too
RTM time...
These markets are heading towards a nasty sell off that should break the previous lows. You can sense it, death cross and all