Monday, December 28, 2009

Happy Holidays!!!

Update : Read this

http://seekingalpha.com/article/180022-is-the-ponzi-economy-at-risk-of-collapse


Market is doing a blow off top at this point, very low volume this is how it is possible at this point, market will stay propped until end of year... I believe a deep reversal will start to occur in early 2010, will be very swift.

Wednesday, December 16, 2009

Who makes these calls??? wow

Ben Bernake named Times Man of the Year!

http://www.marketwatch.com/story/ben-bernanke-named-times-person-of-year-2009-12-16?reflink=MW_news_stmp

Hahahahahahaaaaaaaa

Funny around this time next year they won't be thinking the same thing.

So misguided is the media and the public, lets name a person that has inflated the bubble once again and also destroyed any value of the US dollar and has put every american tax payer in 70 thousand dollars in debt, and its growing everyday.

Same thing with Obama lets give him a nobel PEACE prize, then he sends another 30 thousand more troops to Afgan soil.

I don't think there has been such a time of complete contrast between main street and wall street / government.


In any regards stupidity like this only means more opportunities for the people that take the time to do their homework. ;)

Sunday, December 13, 2009

I've seen this before!

Dear Readers;

We will likely stay propped up to near end of year, I have seen this before time and again, in the new year we will really start our trend down with force.

Hang in there short anything you can above 1100, cover under 1100 and keep your main short for the long run!

1121 is still looking like its wants to be filled.

Friday, December 4, 2009

1115 -1117 -1119 on S&P

Wed - Thurs - Friday

1121 is next, this will put in our final 50% retrace

Same kind of pump during the morning is happening for past 3 days in a row, this is basically to kill any shorts before we go lower.

Simple manipulation game, there is no volume - they gonna have hard time keeping this thing propped up.

Keep shorting above 1100

Thursday, December 3, 2009

Short above 1100 - cover under...

Works every time...

Market makers are slowly unloading and building short positions above 1100, this is why you see the zigzag motion for past few months.

Not long now until the back breaks and we have to go down

Wednesday, December 2, 2009

Hey America!

Don't mind Obama sending 30000 more troops into Afghanistan worry more about Tiger Woods cheating on his wife!

Coincidence both these stories hit at the same time?

Doubt it... :S

1115 was hit!

1115 was hit today, this gives us close to the 50% retrace from top to bottom since the 07 top.

I would like to see a major gap down tomorrow to prove this structure.

If we don't see follow thru to the downside from this 1115, we will most likely touch 1121 and this will give us a final 50% retrace movement

Tuesday, December 1, 2009

"Break on thru to the other side!"

Silver has broke 19 with force, we are starting a true bull run in silver, I expect it to get to $50/ounce within a few years and eventually top out over $100 per ounce.

We filled the gap I talked about at 1070, and instantly rebounded. 1115-1120 looks like it still wants to be met, I would short above 1100 and take profits under 1100, pretty simple strategy right now.

COF and banks are down today, and that is my main short.

Friday, November 27, 2009

BLACK FRIDAY

WOOOOWEEEEEEEEE

Futures are getting smashed, as I said about a week ago to short anything above 1100 because 1070 will have to be met, well we just hit 1070 on the futures not too long ago.

Congrats for the ones that played this one!

Thursday, November 26, 2009

Dubai ----> Broke as a Joke

Well, well, Mr. Dubai, the classy fella sittin in the corner of the room, oh wait a minute all that jazz was bought on credit you say???

It was only a matter of time until this domino fell over, alot of banks gonna lose their shirts on this one, citigroup has 2 billion invested in it, thats more than their market cap will be once you take out all borrowed money thats in that stock.

Citi is actually one of the smaller investors that will be wiped out.

Wait a minute.... whats that, another bailout I hear, shouldn't be long until Bailout 2.0 comes to surface, I wonder where that money is going to flow into - Uh oh poor US dollar.... ;(

Wednesday, November 25, 2009

Silver about to break thru 19

Long & Strong

Silver should head to 22-23 with ease, 50 will be major resistance

ABK about to go bust

Once it breaks 0.67 kiss it goodbye - down to 0.35 cents, then you can guess what will happen.

Monday, November 16, 2009

False confidence continues in the mainstream media

The corporatocracy needs a good holiday season hence you will see the media pumping up the market and pretending things are back to normal, confidence is the main key and fear is the main ingredient they use to try and manipulate the public.

These tend to work on the sheep people, the people that go day in day out the same old things going to work, buying the same corporate stamped food and making the government tons of cash from their free tax money the sheep provide.

The reality is the USD is losing more and more value everyday, people will start to notice they will have less money because of hidden taxes - inflation will slowly creep up and destroy any paper gains that are being noticed by the sheeple's 401K's, etc, etc.

Until interest rates are skyrocketing will will continue to have a false reality in the US markets, gold and silver are making new highs as the USD makes new lows, gold and silver are your true champions of truth.

Until next time... ;)

Thursday, November 12, 2009

US Stock Markets are actually crashing...

If you take the markets and price them in gold and silver the markets are actually crashing right now... the value of the US dollar losing more value than the markets are making up.

As gold and silver go up in value and the US dollar goes down and the market rises, the actual purchasing power of the US dollar is much less, your 401k's and retirement funds may look like they are gaining value but the hidden inflation on the US dollar is killing any value that it has. You will see this thru inflation with everyday items, food, housing, taxes.

The only way to rectify this problem is to take out all the leverage in the system, let the system crash to its "fair" state, this will put everything back on even ground and will properly value everything in the correct terms. Right now leverage bubble is being re-inflated by the FED printing massive amounts of ever growing worthless paper. This is why you see gold and silver keep going up in value. Gold and silver are the real money in the system they are always the true value of the economy, they are just underpriced or overpriced and eventually do their own accounting practices and revalue the market every so often. This is the process we are in now.

Eventually they will have to raise interest rates again once the dollar reaches its bottom and gold and silver are at their tops. If they keep the old ways of inflated the market with worthless USD then we should see the USD go very low and the stock market could possibly go to new highs within the next several years, gold and silver will top out as this happens right before they start to raise interest rates to get investment back into the USD.

There is a trick if a massive scare happens in the public and the world then we could have a panic selling of the USD and we could see a phenomenon happen, we could see massive spikes in silver and gold, im talking about silver going to $800 a ounce (back to its all-time highs back in 1477), this scenario I would see a new currency coming in and taking over the USD, something along the lines of the Amero, similar to what happened with the Euro.

Monday, November 9, 2009

1089 holding so far, I mentioned this about 4 posts back...

If 1089 holds we could be putting in our top right here, we could go and see 1089 again on Nov20th. If 1089 breaks 1125 is possible to finish the 2nd wave rally since March of this year.

Thursday, November 5, 2009

Market is putting in a nice head and shoulders...

Head and shoulders being put in on the S&P chart, we are developing the right head right now. Nov 20th should be a area for a top. Its also possible we are putting in 3 peaks and a domed house scenario.

http://www.gold-eagle.com/editorials_05/wood061806.html

I think we are going to be putting in point 27 on the diagram by Nov 20th.


Not sure if everyone has seen this...

http://www.youtube.com/watch?v=cEN5KGwNGeo&feature=player_embedded

This is extremely sad, DO NOT TAKE THE SWINE FLU SHOT

Tuesday, November 3, 2009

Johnson & Johnson firing 7000 people

J&J Fires at Least 7000 as Consumer Spending Shrinks


Ya the economy is recovering really good, guys don't believe the lies you are hearing on mainstream media, these media companies are controlled by corporate lobbyists and paid to report whatever they are told to report.

When J&J fires this many people you know a recession is hitting hard.

Also Kraft revenue misses, cites Cadbury deal criteria, Kraft missing expectations is really bad news for the market.


Gold hit a new high today, you can see where people are putting more and more of their money, expecting a disconnect from the precious metals, the stock market and the US dollar before long, usually the markets goes down, the US dollar goes up and PM's go down. I think you will start to see US dollar going down as well as the markets, and alot of the money going into gold and silver, we will see them continue to go up and disconnect from the markets.

Sunday, November 1, 2009

CIT FILES FOR 5th LARGEST US BANKRUPTCY!

Was there any doubt????

The house of cards is falling apart, CIT largest lender to small, medium size businesses, this will halt major growth, the commercial real estate industry is imploding, this will take many more down with them.

This has to happen, debt levels are rising way higher than they should, these companies have to pay for taking these kinds of risks. The system needs a good rinse and repeat.

Down we gooooooo

Wednesday, October 28, 2009

LET THE BEAR MARKET COMMENCE

We could see a serious selloff and panic selling going into the holiday season if its true the fed will stop throwing money around.

Fill your short orders in, we will most likely be going to new lows in 2010 and if not new lows we will make a slightly higher low and double bottom.

This bear market is not over... heard it here first!

Tuesday, October 27, 2009

SHORT BAC AND CITI

These companies had less than 10 billion invested 6 months back, when the borrowed money wasn't available, now they are 100 billion bloated pigs once again...

Short the heck out of these failed institutions


How about that Capmark financial going bankrupt? Not many heard about that on the weekend.

Sunday, October 25, 2009

Capmark Financial Bankrupt

Capmark Financial originates, services, and invests in mortgages for commercial real estate including office, retail, health care, hospitality, and multifamily properties. It also invests in real estate and commercial mortgage-related assets for institutional and high-net-worth investors. Capmark Financial has some 50 offices in North America, Europe, and Asia. The company originates more than $10 billion in commercial mortgages each year and its servicing portfolio has more than 48,000 loans worth approximately $350 billion. Its investment business has more than $8 billion in assets under management

(Capmark Financial Group Inc., the lender owned by firms including Goldman Sachs Group Inc. and KKR & Co)




Let's see how much this effects the rest of the players in the fraud game, 350 billion dollars is nothing to sneeze at.

This could open up a big can of worms...

Friday, October 23, 2009

Rockaroooo folks! Time to short some

RIMM

PALM

MOST OF THE BANKS

COMMERCIAL REAL ESTATE

CREDIT CARD COMPANIES


Folks put your money into silver & gold and a basket of more stable currenices (canadian dollar, swiss franc, yen, etc)

Something is gonnna go down big this weekend, keep a eye out for a weekend surprise in the media!

Major players have set their shorts up and the silly public is all ready to go with this rally (at that point you know its time to turn the tables)

Keep eye out this weekend ;)

Here's some funny reading...

http://en.wikipedia.org/wiki/Lloyd_Blankfein


Lloyd_Blankfein : CEO of Goldman Sachs


Born in the BRONX, fellow buddy in Harvard Law School was Ben Bernanke...

Anyone can connect the dots just from reading this small biography.

Thursday, October 15, 2009

Keep eye on 1115 on S&P...

This will give us a 50% retrace from top to bottom. Also public is starting to get fired up about the demise of dollar and rally in the markets, this is usually the last nail in the coffin before we go to new lows

Keep eye out for Oct 27 to put in a intraday high, its possible we may stick around these levels until Nov 20th before the next leg down begins.

2010 is going to be the final wake up call for everyone in the markets.

BTW still holding some longs (mostly dividend payers, shorting COF, I took profits on the last dip and still holding some, I will add to shorts above 1100 and sell most of my longs

Thursday, October 1, 2009

As I said, October is going to be a nasty month...

We are up over 2% on the down move in October already and its the first day!

1K is next stop for S&P, short away!

Wednesday, September 23, 2009

Here we go!

Check out that selloff end of day, now thats a dousy. October should be a very nasty selloff, the start of the jewish new year usually does that in the stock market, check out last year for a tip...

(repenting all those sins...)

Funny how 1080 just had to be tagged before they took it right down to 1060 within a hour and a half.

Thursday, September 17, 2009

Decent reversal off a 400 point rally on S&P.................... (a.k.a MTV Wallstreet Extreme)

400 pt rally since March 2009, what a whopper... I was expecting 1K when we hit 666, but as you know things get out of hand on wall street, it should be called MTV Wallstreet Extreme or something along those lines. Good ol' America, lets buy everything up and account for it later...

Anyway the US dollar is getting killed which is no surprise, it looks like its finding some nice support right around these levels, the market may have topped out temporarily looking at futures are down a bit right now, if we gap down significantly will be a good idea to get short early. Volume was big today which means money was distributing by big boys... Short anything above 1050 which is what the market should be at once we get outta this recession and get jobs back on track.... for now its over valued by several hundred S&P points.

Wednesday, September 16, 2009

Most have capitulated.... 1% rallies are nothing to worry about

When we go down it will be 3 & 4 % down days, the gains made in past 6 months will be wiped out in half the time.

Stops were taken out above 1044, longs were filled.... do not go heavy short yet but gradually build a position, increase your position today.

Sunday, September 13, 2009

Banking situation is worst than what is was in 2007 before the crash...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYdgQkXu9eBg

Joseph Stiglitz, the Nobel Prize- winning economist, said the US has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings (full story on the link)

Friday, September 11, 2009

50 points off the low from last week...

50 points exactly off the low from last week, this happened a few weeks back but was 55 points from the low.

Possibility they take out stops above 1044 alot of money is sitting there, they want to suck this money in before going back down... its only smart to do this if your a criminal. (It should happen intraday, if it does.)

So a pop above 1044 is possible but will be short lived, it will be to fill in any long orders that are waiting up there, before they take it down.

50 points exactly, another 5 points gives us 1050 S&P.... now check this out we had 5 days upward on the last rally a few weeks back, then we had 5 days down. This recent rally we have had 5 days up as of yesterday. There is also 1-2 transition days between each move (distribution for the big boys).

Correlation or pure coincidence? Doubtful money managers are playing the low volume to their advantage, wait until volume comes back and see how fast we drop like a rock....

Wednesday, September 9, 2009

Pump & Dump...

Posted this in last thread:

"We are going a bit higher to take out stops above 1020, we are very close to the next leg down, we have 1044 on the upside but under 800 on the downside, I would be shorting stocks at this level, I am waiting on confirmation to the downside to go heavy short."


Apple Inc. is having a shindig today around noon, new iPods coming out, not much but still a nice pump before they take this puppy down, if we go a bit higher 1029 & 1033 has gaps to be filled. Wednesday could be a top for a long.... long.... time.

Friday, September 4, 2009

Top being put in today....

My call was for 1017 area on friday today, pretty much got there, should go a bit higher before we start to really go down going into next week.

Get some nice shorts in @ this area!

This is it!


Tuesday, September 1, 2009

Big money coming back a few days before I thought...

Big money taking profits above 1k at this point, we should bounce up from here and then continue downward going into next week.

Thursday, August 27, 2009

I see similar action for the next 4 trading days...

1010 - 1044 range bound until September 7th in my opinion....

I don't see much occurring until maybe September 4th (next friday)

We are still in vacation season, very low volume moves.

Wednesday, August 26, 2009

20000 page views since mid June!

Thanks everyone, sorry haven't made many updates lately but not doing anything is also a position in the stock market, having cash is a position in itself !

So I'm expecting the market to kick around these levels until September 7th, I see us coming close to 1044 on the upside and 1010 on the downside until September 7th.

Friday, August 21, 2009

Unemployment Rates Rose in 26 US States in July

Unemployment Rates Rose in 26 US States in July (link)

Jobless recovery? Don't bet on it...


1044 is our line in the sand folks, the rally has been pushed out to 6 months from March lows, September 7th is now the top near 1044 on S&P. Expect minor pullback from these levels and then up to 1044 by September 7th.

Guess what labour day is September 7th, this is when the big boys come back from their summer vacations, this is when the major trend (down) will commence, this is still a bear market folks.

Wednesday, August 19, 2009

MInor short squeeze going on...

You gonna find these short squeezes all the time especially at first to really mess up any day traders, there is a gap @ 1004 on S&P that should get filled.

Futures taking a nasty hit as I write this...

979.50 low on futures right now.... we are testing yesterdays lows, if we break it then 975 is a given, if we break 975 then we could head to 950 fairly quickly but I don't see this just yet.


Ohya that little place called China, well its down 20% already since its highs less than a month ago! Welcome to the next wave down on this bear market, China is a leading indicator for the world right now.

Tuesday, August 18, 2009

China's stock market down 16% since start of August

Bet you didn't realize that, thats how quick this market can go without anyone noticing too much...


Sunday, August 16, 2009

Futures are under 1000 S&P as I write this...

I'm expecting significant sell off this week, we topped out back around the date I said, alot of distribution has been going on around these levels the past few weeks. I'm expecting 950 to come for the next swing low, we might go back up and test over 1K again during start-to-middle of september before a further selloff to under 800 later in the year.

Friday, August 14, 2009

1018 S&P should hold...

Expecting a decent crash to commence soon, 1018 on S&p is our intraday high so far, we probably will test just under this level intraday before crashing down hard... stay tuned!

Wednesday, August 12, 2009

Big move coming up!

Should be to the downside....

Tuesday, August 11, 2009

I called for a top last friday...

Looks good so far, we should continue to sell off slowly to 950 would be first major resistance on the downside.

Wednesday, August 5, 2009

Some AIG bears got squeezed hard today!

http://www.google.com/finance?q=NYSE:AIG&client=news

EZ short here, alot of money covered there short positions (most likely large margin calls), short AIG above 20 eventually it goes to zero.

Tuesday, August 4, 2009

Hey I'm back...

I was away all weekend, and Monday was a holiday here in Canada.

So we have broke 1K, I am not surprised, I believe we are putting in the top this week, and if you do not have shorts you will not be greatly awarded, at this point we cannot sustain this pace of rally, whenever you have huge ramp jobs they always fail, look at history.

So Sol over @ Xtrends blew up his account, and I'm sure Atilla has too, he just doesn't have the cohones to say it. I told them to go long after the 666 bottom and that we would most likely go to 999, but they didn't believe me and banned me from their website. Always take precautions when gambling with large amounts of money, the market will make and break people over the course of their lives (doesn't matter who it is, traders will always have to be humble to come out alive)

Wednesday, July 29, 2009

Good time to go short...

http://www.washingtonpost.com/wp-dyn/content/article/2009/07/29/AR2009072901608.html?hpid=topnews

When you start getting big reports like this coming out its a good sign to start building your short positions if you haven't already.

I'm sure a few magazines are getting ready to release their front page "Bull running over the Bear" propaganda soon enough!

Monday, July 27, 2009

Still expecting 999, hardcore bears should capitulate soon enough, one more push above 1000 should do it...

Well I was saying the bear rally could extend out until late August early September at the latest, I can see a reversal during the August 3rd-7th week, this will give us a 5 month rally since March. Don't be surprised to get above 1K on S&P, hold your shorts if you can, don't get a margin call by being too Greedy.

I'll go heavier short once we break 1K

Thursday, July 23, 2009

666 + 333 = 999... Could my original target be the ticket?

Back in March when we bounced big @ 666 I called for a 50% rally on S&P giving us 1K on S&P, I lowered those targets about a month ago, but the market wanted to go higher...

My original target of 999 might just be what happens, S&P has a 1007 major resistance point. Looks like the central bankers around the world really want to prop this market, in doing so the US dollar is down 20% against the CDN dollar since March 9th!

Wednesday, July 22, 2009

Ha I just read this post on another board, thought I'd share it with you


:
" This market rally is a bull bus with 4 flat tires that the government is running along side of pumping air into the tires to keep it going. You know a steep hill....going down, is coming and they won't be able to keep up. And they will be left standing on the hill watching their bus go down without them.
Is that a good enough mental image of what I think of this rally?"



Pretty much sums it up, but this rally is the real deal because they are pumping so much money in the system, but to do that they have to devalue the dollar at the same time, if you make something more abundant and easier to get than the value of it has to go down. The system will eventually have to reset if they continue doing this, US will have to default on their debt.

Futures starting to selloff now...

Nice top being put in past few days, when we start to sell off its going to be quite powerful.

Tuesday, July 21, 2009

July 20th top right on schedule, hopefully you got your shorts in....

Two targets right now, possible to go tag 966 to blow off top, the next target on downside is 910 area......

Nasdaq made a 51.5% rally in 4.5 months, permabears got slaughtered, you always gotta ride weekly-monthly trends to maximize profits.... the next down move will be the ultimate finale for the crowd, expect 2010 bottom in March.

Watch for big selloff end of day.....

Thursday, July 16, 2009

Nasdaq about to make a 50% rally since the March lows...

1896 is where the nasdaq should fail, we are very close to this area. July 20th I have as a top, could be tomorrow or monday we will tag 1896 area on nasdaq and crash from there, get your shorts in at this area if you can.

Enjoy!

On a side note I just broke 10,000 page views, I started my blog on June 14th, 2009. Thanks everyone for the amazing support!

Wednesday, July 15, 2009

USD is getting crushed here...

USD is doing another parabolic move to the downside the past few days.

As the USD crashes the market goes up, but slowly the USD is losing more value than the market can go up, this is how USA is losing value, slowly the USD will be so low that even if the stock market goes back to 1K the value will be far less because the USD is decaying so much.

We should close below 927, I will give more targets after the close today.

Monday, July 13, 2009

September will be the next leg down for U.S.A

The next phase will be when unemployment benefits run out for alot of people.

So starting around september alot of people that are on financial life support will have their cords cut, this should bring us down to our final bear market lows in March of 2010.

I can see the downside really picking up near end of year.

So we have the new world currency....

Medvedev (Russian President) is already bragging about whats to come, US dollar will lose it global power and go to this new world currency.
http://www.prisonplanet.com/video-medvedev-shows-off-world-currency-coin.html

Here's more info:
http://www.futureworldcurrency.com/Default.asp
http://4.bp.blogspot.com/_fKjCZyqaAaU/Sll45K-0V1I/AAAAAAAADQ4/zn3dM-BRp0E/s1600-h/Unity-in-Diversity-Coin.png

We hit my 900 bounce target...

920 still may be available before we continue down, I wouldn't get sucked into this rally, the most money will be made on the downside after the pump this week.

Gives you a chance to get out of any longs you might still be holding...

Futures are crashing... 866 low as I type this

830 on S&P is next resistance, so close you can taste it! :D

Minor resistance points are 855 and 843, expect minor consolidations around those levels.

Watch for early morning rebound and fade, unless we really crash to start the monday off.

Tuesday, July 7, 2009

We broke my 882 resistance target, 830 is next target on the low side

Shorts are winning this race...

We most likely will consolidate from this point but 830 will be coming within the next few months.

Sunday, July 5, 2009

888 broke afterhours, if we break 882 with force....

LOOK OUT BELOW if we break 882 with force, I said in a older post we could see another gap down on monday and it may sell off even further. (Looks like we are getting this scenario)

It will be very interesting to see how tomorrow goes, stay tuned!

FAZ should break 5.50 soon and take flight...

Saturday, July 4, 2009

Happy Fourth of July everyone!

Happy Independence Day folks! Hope everyone has a great time!!!! and be safe!

Thursday, July 2, 2009

I love how they report these types of incidents late afternoon before a holiday...

....when no one cares or has the time to look.

Video: Fiscal emergency in California


Massive resistance was hit in my target range of 930-940

We hit 932 yesterday and now we are almost at 900 already, all it takes is a few hours for sentiment to change in this market.

I said once we hit the upper target we would go back down and test 900 once again, hopefully you shorted a 920 and you can cover now if you want or just hold for lower levels.

893 will be tested and most likely that will break and 888 will come next, later on down the road will will test under 800, not expecting this until a few months down the road.

We are still range bound until 882 breaks with force.

Wednesday, July 1, 2009

Happy Canada Day!!!

Holiday here in Canada! We are in my resistance area of 930-940, we should kick around this area, I don't see us going much higher, on lower volume days its easier for market makers to move the indices.

Tuesday, June 30, 2009

Nasty selloff exactly @ 10am...

We hit my 930 resistance target and dropped right away @ 10am EST.

We should be testing 900 again fairly soon, if we break 888 on this downside move 882 is next target.

Sunday, June 28, 2009

We should find resistance in 930-940 this week on the upside...

if we go up 930-940 should be our top before going lower again, thats of course if we can break the 921 range. We are still in the 882-921 range right now, I'd short near 920 and cover under 900 for a quick trade. Also we may go to 930-940 before coming down so don't gamble more than you can stomach.

We will test under 900 again within next few weeks, let's see where we find support this time.

Thursday, June 25, 2009

R.I.P Mr. Jackson, such a true Icon of your field...

Sad night, I'll always remember the music video Thriller, classic masterpiece!

As I said last night when futures were ramping 921 would be in effect today

Keep eye for exhaustion around 921, once we fill that gap we can start heading down, if we break out we might be heading back up to test the highs and fail at 940 area.

Ok we have some large money flowing into the markets as I type this...

Futures are starting to rise here : 909 high on S&P futures as of the time I typed this.

920 is definitely in play tomorrow and if we break 921 with authority I will have new targets but I don't see this happening as of yet.

Let's see how we open up, they will want any shorts to cover so they may take it to 920 fairly quickly.

Wednesday, June 24, 2009

Warren Buffett Says US May Need a Second Stimulus Package ...



.... and a third, fourth and a fifth in my books! LOL

They have to learn to let free markets work themselves out, its like nature, leave it be and let it run its course. Bailing out failed companies and industries only adds fuel to the fire that will eventually run its course naturally.

Its too late now to artificially fix the economy, damage has been done with the bailouts and it will take far longer now to let it cure, its like tearing off a scab, let it heal before you mess around with it!

Indices look like they are about to fall off a cliff...

I think 920 is still in play, indices look like we could crash hard, but not expecting that just yet, I think we will get a orderly selloff with minor rallies to keep bulls in the game, 882-920 range we still are in.

As for the fed:
"The Fed has held its target rate for overnight loans between banks at zero to 0.25 percent since Dec. 16 and more than doubled the assets on its balance sheet during the past year to $2.1 trillion, expanding bank reserves and beginning lending programs to bolster the financial system"

"The Fed has purchased a total of $177.475 billion in Treasuries in the 31 buybacks of U.S. government debt since March 25. The central bank’s purchases pale in comparison to the record amounts of Treasuries the government is selling to finance economic stimulus programs"

What a big mess, the fed is basically doing a big ponzi scheme, when will the house of cards finally topple over? (I say by March 2010)

Found support @ 888 on S&P...

We bounced off my 11am bottom call @ 888 yesterday, now up to 920 to fill that gap, we are making a new trading range, I'm guessing a good rally going into fed meeting to fill that 920 gap, lets see how high we can go before meeting some major resistance.

Monday, June 22, 2009

This post is not meant to spread fear or anything... I am just releasing information & giving an opinion

Ok so July 4th is a major holiday for the U.S., this is when major news or events usually happen and the public is "occupied" to not take-in what's really going on. For example the government passing a bill with drastic measures or a ill-fate attack on a country and so forth.

Did you know that Mexico has legalized drugs for personal use? This is true, and I bet you 95% of Americans & Canadians even, DO NOT know this fact. The mexican government approved this law on the same day the Swine flu was released to the public media. Its a tactical way to keep the public in "sheep" format, keep them inline and non-oppressive.

I do not want to scare people or be called a fear mongerer but I would be prepared to keep a eye out for any major events that are dumbed down during the July 4th holiday. Iran is in a full state of protest right now as the people do not agree with the recently appointed President on the June 12th election day. The people know the election was rigged to keep power in the hands of the elite. American news is spreading that North Korea is expecting a US planned attack on them. Things are very dicey on the world scale; keep a eye out during next weekends holiday and stay away from major crowds in my opinion.

This "news" that may occur could be a major catalyst for the stock market to fall off a cliff once again. (as I said in a older post the market should start selling off before this event actually takes place, the stock market has been going down ever since June 12th after the Iranian elections.)

S&P 500 closed the day right on 893.04! Can't get much closer than that folks!

We hit my 893 target prediction literally at the end of the close today, we have broken support from May 27th closing price, this is pretty much telling us we have further downside to go but it might not happen all at once this time, I see us range bound for awhile. Keep a eye on futures tonight to give us a clue into tomorrows action!~

Right on schedule!!

As I wrote last week, I was expecting another big drop that will break 900 and I got it already by Monday (even before noon!) Not too shabby!

We are going to make a new lower trading range this week, the break of 900 will give us a good idea how far this drop is gonna go, we should eventually make new lows in the index during the early part of 2010, I'm not expecting major crash until then, but we should drift lower and lower throughout the fall and winter seasons, with minor bounces to keep those bulls salivating ;)

Saturday, June 20, 2009

Bank Of America Board Loses 2 More Directors...

Bank Of America Board Loses 2 More Directors (link)


Anyone see a recurring theme happening here? All the top people of these soon to be bankrupted financial instituations are playing hopscotch around their industries, as one fails they bounce to the other industry that will most likely fail further down the road.

Where is the investigations into all this fraud and crookery that goes on in wall street? We have private detectives to catch that lazy person at home thats on health benefits thats swears they can't move their neck, but we don't have proper oversight on the ones that really cause harm in our lives; the banks.

I'm expecting Bank of American & Citigroup to fail on the next big downturn in the market, and they will most likely be blended into the JPMorgan's and Goldman Sach's (seeing as Goldman Sach is now classified as a bank and no longer a "investment firm" - what a JOKE!


"Permit me to issue and control the money of a nation,
and I care not who makes its laws."

~ Mayer Amschel Rothschild (a.k.a one evil bastard! LOL)

Friday, June 19, 2009

Calif. unemployment climbs to record 11.5 percent

Calif. unemployment climbs to record 11.5 percent
"California's unemployment rate climbed to 11.5 percent in May, the highest in modern record-keeping, the US Department of Labor reported Friday..."

"California, which is struggling to close a $24.3 billion budget gap, faces the prospect of a "multi-notch" downgrade in its credit rating if the state's legislature fails to act quickly to produce a budget, ..."

Guys this is rate the US Labor Department is giving, it is way higher when you actually count just the people doing part-time and like 10-15 hrs a week, they don't count these people, when US Department reports these numbers you can almost double them to find out the real truth of how many people are not working.

I'd say California is close to 20% Unemployment rate, this is getting close to Great Depression numbers back in the 30's. As for the stock market we should be getting fresh new lows, how are they gonna prop up the stock market if more and more people are losing their jobs? End of the year is looking very bad for the states, I'm predicting a final bear market bottom around March of 2010 (Early 2010). California is the worst of all the states, they will have to declare bankruptcy on their debts sometime, as the US dollar should follow early afterwards, Ben Bernake and Co. are just delaying the inevitable at this point...

In the near future I'm expecting news to show that California will not be able to pay its debt payments, this should lead to another sell off in the stock market, the market will most likely start heading down before this news hits.

Bounced right off the high of 927 today, I predicted this yesterday...

and down we went, lets see if we try to test it again (927), if not we should break down through 900 next week

Thursday, June 18, 2009

Anyone who bought CIWT yesterday has made close to 6% return in one day

Anyone who bought CIWT yesterday when I made the China Investing post just made close to 6% today.

Most mutual fund managers and hedge fund managers in the industry on average haven't made 6% in years! They would be happy to just break even at this point. LOL

Wednesday, June 17, 2009

* Part 2 Investing : China

Part 2 Investing : China

Ok China you have heard all of the good things about investing here for the future, well I'm sure they will be greatly powerful in the next 50 years or so, but they maybe too large for their own good (and I'm sure they will have lots and lots of growing pains!), but nevertheless alot of money is going to be made here.

Here are some of my favorite picks, I've researched high and low to find good quality stocks in China. These are some of the ones I will buy when we finish this bear market, keep in mind China's stock market will likely bottom at different times than US market (it might have bottomed already!)

China Aluminum (ACH), Top notch aluminum company in China, don't really need to say much more, great investment for the future of the mighty China juggernaut. This stock was under $10 just a few months ago and came close to touching $30 just last week! I'd wait for significant correction and buy some up. Not sure if they have a dividend, if they do all the better, can anyone confirm this?

China Life Insurance (LFC), Biggest life insurance company in China, nothing but growth for the future, everyone needs life insurance. They have 1% dividend yield right now also. Great large cap for consistent growth rates.

Ctrip.com (CTRP), China's online travel company. With the expansion of China's middle class they are traveling more and more. CTRP taking full advantage of this, 0.6% yield right now. Stock has doubled in a few months so I would wait for significant correction to get some.

Baidu (BIDU), You most likely have heard of this one, this is China's version of Google, with a potential of a billion people surfing the internet this can be pretty exciting. Stock has tripled in 6 months, if u can get it on the cheap go nuts! Its a tad pricey, but you know what they say - buy it high and sell it higher! If I never bought Google back in 2004, I would have missed out on 300% gains, people thought I was nuts buying Google after it doubled in such a short time (I bought it at $150). They were so wrong!

China Education Alliance (CEUA), Here's one you probably haven't heard of, they are a online education company for China, more and more people getting their education from home on their internet connection. Great play as China has over a billion people ;) This stock is trading under fair EPS value using Warren Buffet's intrinsic value formula. I've had this stock for awhile its tripled in value in a few months, again you might want to wait to get some.

China Industrial Waste Management (CIWT), Garbage removal company, seems like a great idea to invest in something that is needed everyday, with a population like China I like my odds on this one, again they are trading under current intrinsic value according to Warren Buffet's formula. This one I would get some right now and hold. It's ready to pop real soon.

China Agritech (CAGC), Another small cap in China you probably have never heard about, (well thats why you got me right?) ;) I found this one just one day scouring the net for potential investments in China. This one is trading under intrinsic value as well. They manufacture and sell agriculture products and fertilizers. Again a no brainer when your looking at growth in China, people need to eat and this is one that will continue to grow in the future. The profit margins are consistent and of course any american company would die to have their rates (20%+) This stock has quadrupled since start of the year, so you can see the value in some of these stocks I'm telling you about.


These are a few of my favorite picks, again I have no affiliation with these companies and please do your own homework before you take my advice and purchase some of these stocks, set stop losses just in case you don't get wiped out with the small caps, cause they sure can move very quickly. Also with these stocks I have long term outlook, I can hold these if the market shuts down for 10 years and comes back, you should have the same discipline.

Tell me what you guys/gals think, do you have any recommendations that anyone reading might like to research themselves?

My next lesson will be Part 3 Investing : Canada

Cheers till next time!

Well we know where those TARP funds where being stored, stocks are down everyday since monday

We have hit my low target near 900 after the selloff from 950 area last week, we may see a bounce or consolidation at these levels before a further sell off or we could go back up and try to make a new high but fail.

FAZ is leading the way today and alot of my small caps are getting hit hard today, usually this means alot of money is coming out before a big fall.

Probably some consolidating today before a bigger drop off tomorrow and friday.

Stay tuned

Monday, June 15, 2009

* Ladies & Gents when we finally bottom (I'm thinking Mar 2010 we will finally bottom) read below for my picks in which I have studied in past 5 year

OK so I am going to help out my fellow friends who read my blog and give me support through out my blogging. This will be a part series, this is first part technology.

WHEN we bottom, you are going to want to buy like mad and I mean load up as much as you can, we will have such a massive rally it will be incredible.

This is what you should buy.

Part 1 Investing : Technology

Apple (AAPL) and Google (GOOG), they have a foothold in the future of technology, trust me these guys will be the leaders in 10-20 years from now, MSFT is the past. We are dawning a new era of investing after this bear market.

Akamai (AKAM), if you don't know this company, get to it! They control how fast you receive your content on the internet, all the major players use their compression technology and optimizing techniques for blazing fast transfers to everyones computer. These guys are pioneers in that industry, Apple has been using them from Day 1, and Apple knows their technology.

Limelight Networks (LLNW), this is a baby brother to Akamai, they our developing similar technology as Akamai, and they are kicking butt doing it, buy a little of both companies to hedge your exposure in my opinion.

Synaptics (SYNA), these are the guys with the touch-screen technologies every gadget is dying to have nowadays, they pioneered the touch screen for Apple's iPods, iPhones, etc. Pssst these guys are up 150% since the bottom, I wouldn't buy them now, but in 2010, ohya.

Western Digital (WDC), Yes flash is the future but they have a great foothold in the industry of harddrives, they are doing smart acquisitions, I think they will be bought out by a larger company in the future.

Ceragon Networks (CRNT), Israeli company leader in high capacity wireless backhaul solutions, these guys are prepped for the "fattening" internet traffic future.

Adobe (ADBE), Adobe is leading the way for graphics applications and text tool programs, they are far ahead of the rest at this point, I think they will eventually be bought out, possible by Apple. Adobe made a smart acquisition with Macromedia.

Valence Technology (VLNC), Valence is a lithium iron magnesium phosphate energy storage solution company (say that 5 times fast, lol) They produce new age batteries for all applications, this is one to keep a eye on, their battery technology is truly amazing and much safer than current best battery tech.

GeoEye Inc (GEOY), Now get this one, they have a new satellite that produces amazing high resolution shots on planet earth, Google is using them for all their new mapping technologies, including Google Maps and Google Earth, can you say cha-ching? Check out their website the new satellite quality is astounding.

Ok thats all for now, I will give you some more tech tips later on.

....by the way I am in no way affiliated with any of the companies I speak about, I just do my own homework



Stay tuned for my next one : Part 2 Investing : China


Thanks everyone for the comments and support you guys rock!

So big correction right on schedule this week, the TARP funds are beginning to be paid back this week so you should see a fairly big correction starting on monday, I am holding FAZ right now, I'm expecting it to get above $8 bucks. I will hold as long as it takes. I still have a few dividend paying stocks that I will just hold, I've had them for years and doing good on the dividends and they are up still even with the crash. I sold off my Apple and Google, I want to get back in them but I will wait until I see far lower prices. I'm holding a fair amount of small caps still, some have made 500% gains since the March lows, I have sold off a few, I also just repurchased some First Nickel, they are a great up and coming mining company in Canada here, we have the best new talent for mining companies around the world, Canada is very lush with minerals and metals and oil sands also. I believe the next major bubble in the stock market with be a commodities bubble and silver leading the way under gold's shadow... what do you guys think?

Sunday, June 14, 2009

So onto bigger and better things!

So guess what guys, TARP money is starting to be paid back this week!   Woohoo so you know what that money was used for right?   I'm guessing they needed to prop this market up with it so they could take some of their bleeding assets off the table if you know what I mean.

I think we could see the start of a fairly big correction this week... stay tuned for more!

atilla bans me from his blog?

Wow whats wrong with this guy, can you say he is just a bit sour for missing the big rally from 666?

Oh well his loss

So I will be posting my thoughts on the market here on for now I guess

Enjoy whoever reads :)