S&P 500 Gaps Down As 50DMA Taken Out

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Mon, 11/21/2011 - 12:09 | 1898686 Cognitive Dissonance
Cognitive Dissonance's picture

The elevator also goes down folks.

Mon, 11/21/2011 - 13:03 | 1899049 Oh regional Indian
Oh regional Indian's picture

The sting of the scorpion, just as you think you got away, gotcha.

Very interesting astro-links this year. What with Troy Davis on September 21st and all.

Borad sell off, probably followed by a narrow, shiney recovery.

ORI

final-cut-trailer-01/

Thu, 11/24/2011 - 19:07 | 1911734 Carlyle Groupie
Carlyle Groupie's picture

Boycott the jew! In all forms.

Mon, 11/21/2011 - 12:10 | 1898690 Irish66
Irish66's picture

1150

Mon, 11/21/2011 - 12:10 | 1898692 WonderDawg
WonderDawg's picture

Liquidation, bitchez!

 

Mon, 11/21/2011 - 12:10 | 1898693 lizzy36
lizzy36's picture

The down elevator is express only.

THE PEOPLE DEMAND THE DEER.

Mon, 11/21/2011 - 12:18 | 1898735 Double down
Double down's picture

Second

BRING ON THE DEER!

Mon, 11/21/2011 - 12:26 | 1898789 scatterbrains
scatterbrains's picture

what is the equivalent Bove level when the Deer re-appears?  I'm trying to calibrate.

Mon, 11/21/2011 - 12:30 | 1898813 mayhem_korner
mayhem_korner's picture

 

 

Hey Lois, why is Bove never around when the deer shows up?

Mon, 11/21/2011 - 12:33 | 1898850 Cognitive Dissonance
Cognitive Dissonance's picture

Deer

Mon, 11/21/2011 - 12:35 | 1898858 Mike2756
Mike2756's picture

Yep, looking like a herd event.

Mon, 11/21/2011 - 12:45 | 1898934 EL INDIO
EL INDIO's picture

Somebody should’ve written a book about the ‘deer in headlights’ event instead of the black swan.

Mon, 11/21/2011 - 12:11 | 1898694 Hansel
Hansel's picture

It's Contained!™

Europe Is Fixed!™

This Plan Will Work!™

Mon, 11/21/2011 - 12:21 | 1898763 Mesquite
Mesquite's picture

My morning chuckle...Thanks

Mon, 11/21/2011 - 12:11 | 1898695 Quintus
Quintus's picture

Don't panic.  'Investors' will come charging back shortly based on some hugely positive (and quickly rejected) rumour and stocks will soar into the close.

 

Mon, 11/21/2011 - 12:38 | 1898889 Spastica Rex
Mon, 11/21/2011 - 12:12 | 1898697 firstdivision
firstdivision's picture

FYI we hit the 50% retracement of that entire magical run up in October.

Mon, 11/21/2011 - 12:12 | 1898698 treemagnet
treemagnet's picture

Down in the morn, up in the noon.  Same shit, day after day after day.  Can't wait till Ben asks "whats this red button do?"

Mon, 11/21/2011 - 12:12 | 1898700 SilverRhino
SilverRhino's picture

BUY THE FUCKING DIP .... Bitchez!!

Mon, 11/21/2011 - 12:18 | 1898739 WonderDawg
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I'll buy the dip in a couple of years when it's finished dipping.

Mon, 11/21/2011 - 12:29 | 1898809 Long-John-Silver
Long-John-Silver's picture

Avast me Matey's! Grapple 'n board that Gold 'n Silver loot ship!

Thar givin' away t' stores today!

Take all ye can afore th' Chinese get it all! Arrrrr!

Mon, 11/21/2011 - 14:52 | 1899463 Gief Gold Plox
Gief Gold Plox's picture

Arrrrrrgh! Me matey's. Tis be tha familiar graph of the shiny coins on sale I tell ye. Get 'em while it be fresh yar land lubbers!

Mon, 11/21/2011 - 12:13 | 1898703 PicassoInActions
PicassoInActions's picture

we will close in minor minus today. I would say -100 to 130

 

Mon, 11/21/2011 - 19:31 | 1900651 LooseLee
LooseLee's picture

How'd that work out for ya? Dow off 248!

Mon, 11/21/2011 - 12:14 | 1898709 Mike2756
Mike2756's picture

Wtf is up with the spike in the Euro?

Mon, 11/21/2011 - 12:16 | 1898721 Spooky Polish
Spooky Polish's picture

good question m8

Mon, 11/21/2011 - 12:21 | 1898764 Mike2756
Mike2756's picture

It doesn't look like it will follow through. Some EU bank forced to repatriate?

Mon, 11/21/2011 - 12:21 | 1898753 Dr. Engali
Dr. Engali's picture

People repatriating capital.

Mon, 11/21/2011 - 12:25 | 1898792 Mike2756
Mike2756's picture

Not much of a rally in the u.s. 30yr given the carnage in equities.

Mon, 11/21/2011 - 12:23 | 1898776 Cdad
Cdad's picture

Criminal syndicate Wall Street bankers excecuted a program:  Shank the US dollar, but [to cover] Eurodollar, Shank long dated US T bills....sound and fury signifying nothing.

Entry point on AGQ is close...really close.  Should get a nice low volume drift now down beneath the LOD, perhaps all the way down close to $51...where I'd be a taker.

 

Mon, 11/21/2011 - 13:16 | 1899101 The Fonz
The Fonz's picture

Agree with the sentiment Cdad on the silver but I wouldn't bet on silver going up when JPM just moved an immense amount of silver into its registered category. I cannot help but think they may be lining up the big guns to break silver below 30 if they can. They didn't take all that silver without being in emergency mode. Liquidation first, and if that is stopped then light volume for manipulation. First Notice on 30th of Nov. If I was them I'd use this slide to break the silver markets back before I was on the hook for massive Dec deliveries.  On the other hand it might finally break, but if it does it will be becuase the banks have lost control, and I don't think they have ... yet.

 

Mon, 11/21/2011 - 12:14 | 1898712 youngman
youngman's picture

Gold and Silver down big too.....Options expiry tomorrow but that should be trown out the window with what is going on in the EU and our Super duper dumb committee

Mon, 11/21/2011 - 12:18 | 1898741 DosZap
DosZap's picture

youngman

As the shite continues to roll downhill, and it will.

Be prepared with lots of dry powder,because we will get the chance at 1000-1200 again shortly.Maybe even less.

Mon, 11/21/2011 - 12:50 | 1898901 Smiddywesson
Smiddywesson's picture

nm

Mon, 11/21/2011 - 14:48 | 1899448 seek
seek's picture

Virtually no one will be willing to sell physical if the paper price goes down that low. Plus we'll see premiums explode, just as we have the last couple pullbacks. If paper goes below ~1350 with an imploding Euro it will (finally) be the decoupling event.

Mon, 11/21/2011 - 12:14 | 1898714 CrimsonAvenger
CrimsonAvenger's picture

Whhheeeeeeeeee!

Mon, 11/21/2011 - 12:16 | 1898722 Caviar Emptor
Caviar Emptor's picture

There comes a day when all the previous assumptions, about bailouts for everyone, everywhere and forever, come crumbling down. And all the positions based on that assumption have nothing but air underneath

Mon, 11/21/2011 - 12:19 | 1898748 WonderDawg
WonderDawg's picture

And there you have it, folks. In two sentences, Caviar Emptor has summed it up.

Mon, 11/21/2011 - 12:40 | 1898906 Spastica Rex
Spastica Rex's picture

Hold your ground! Hold your ground!

http://youtu.be/EXGUNvIFTQw

Mon, 11/21/2011 - 12:16 | 1898723 fonzanoon
fonzanoon's picture

Dick Bove said buy bank stocks with both hands.

Mon, 11/21/2011 - 12:16 | 1898724 surf0766
surf0766's picture

Buy banks stocks foot over head.

Mon, 11/21/2011 - 12:31 | 1898831 Dr. Richard Head
Dr. Richard Head's picture

BUY banks stocks with head in ass...there, fixed it for ya.

Mon, 11/21/2011 - 12:36 | 1898876 Mike2756
Mike2756's picture

Was going to post that but figured i'd be polite, lol.

Mon, 11/21/2011 - 12:42 | 1898920 Dr. Richard Head
Dr. Richard Head's picture

Eh. politeness is overrated.  As is spelling and grammar.

Mon, 11/21/2011 - 17:54 | 1900256 Mike2756
Mike2756's picture

What's wrong with my grammar? She was doing ok just yesteday.

Mon, 11/21/2011 - 12:16 | 1898725 Tsar Pointless
Tsar Pointless's picture

Meltdown Monday, currently at bat.

Turnaround Tuesday, you're on deck!

Mon, 11/21/2011 - 12:16 | 1898727 MFL8240
MFL8240's picture

Tyler, why would Gold be down given all that is happening?

Mon, 11/21/2011 - 12:19 | 1898742 dereksatkinson
dereksatkinson's picture

Chinese raising margin requirements which was actually announced last week.  Bears are just raiding and will probably continue to do so through expiration.

 

It's madness though.  Gold should be going up.

Mon, 11/21/2011 - 12:34 | 1898854 Mr_Wonderful
Mr_Wonderful's picture

There´s years of backing and filling left in gold.

Mon, 11/21/2011 - 12:19 | 1898743 qussl3
qussl3's picture

Until we start making margin calls in gold, gold will be panic sold to get confetti to keep the players in the game.

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