Wednesday, September 23, 2009
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
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
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
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 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
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
Tuesday, September 1, 2009
Big money taking profits above 1k at this point, we should bounce up from here and then continue downward going into next week.