a failure to communicate....
Massive profit taking above 1200
Told you to short anything over 1200 for the long road down.....
Oh thats a great movie btw if have not watched it, Cool Hand Luke
Tuesday, April 27, 2010
Friday, April 16, 2010
Apr16th 2010
I posted that friday will be our top, for awhile, we should come up make lower high around May 9th.
Enjoy
Hopefully more people are waking up to the Goldman fraud.
More public may start to realize that the system is a sham.
I also love how they drop these types of news events on fridays, classic cover up
BLACK MONDAY ? :^)
Enjoy
Hopefully more people are waking up to the Goldman fraud.
More public may start to realize that the system is a sham.
I also love how they drop these types of news events on fridays, classic cover up
BLACK MONDAY ? :^)
Thursday, April 15, 2010
On a side note : Canada Post
Horrible service, horrible customer service and just plain ol' horrible LOL
Sorry had to rant about it here
Can't wait until the system gets privatized, useless lazy union workers here in Ontario.
Sorry had to rant about it here
Can't wait until the system gets privatized, useless lazy union workers here in Ontario.
Tuesday, April 6, 2010
IN REAL NEWS : Automaker Pensions Underfunded by $17 Billion
DETROIT - The pension plans at General Motors and Chrysler are underfunded by a total of $17 billion and could fail if the automakers do not return to profitability, according to a government report released Tuesday
http://www.nytimes.com/2010/04/07/business/07cars.html
Uh oh.
Analysis of California Pensions Finds Half-Trillion-Dollar Gap
An independent analysis of California’s three big pension funds has found a hidden shortfall of more than half a trillion dollars, several times the amount reported by the funds and more than six times the value of the state’s outstanding bonds
http://www.nytimes.com/2010/04/07/business/07pension.html
Eek!
Let's get back to the real news folks, don't be fooled, the problem has not been fixed, temporary bandaid
http://www.nytimes.com/2010/04/07/business/07cars.html
Uh oh.
Analysis of California Pensions Finds Half-Trillion-Dollar Gap
An independent analysis of California’s three big pension funds has found a hidden shortfall of more than half a trillion dollars, several times the amount reported by the funds and more than six times the value of the state’s outstanding bonds
http://www.nytimes.com/2010/04/07/business/07pension.html
Eek!
Let's get back to the real news folks, don't be fooled, the problem has not been fixed, temporary bandaid
Tuesday, March 23, 2010
So ya sell in May and go away?
The fed and banks have extended this rally far too long
A test of 1000 is in the books for S&P, we will most likely go down to 800 area and make a double bottom, the only way we get to 500 area on S&P if the whole system defaults, we will see gold and silver skyrocket if this is the case.
1000 S&P will be coming in the summer months, 800 area should be tested maybe by year end or early 2011.
Load up those shorts above 1200, we will top out around 1200 around the 9th of May
A test of 1000 is in the books for S&P, we will most likely go down to 800 area and make a double bottom, the only way we get to 500 area on S&P if the whole system defaults, we will see gold and silver skyrocket if this is the case.
1000 S&P will be coming in the summer months, 800 area should be tested maybe by year end or early 2011.
Load up those shorts above 1200, we will top out around 1200 around the 9th of May
Wednesday, March 10, 2010
Double top being put in 1150 here
Almost exactly same scenario that happened in 2007 when you look at the charts...
The local newspapers are getting really pumped up, this is usually the nail in the coffin for the market, once the public thinks everything is back to normal, this is when the top will be put it. The local major paper here had "The Great Recovery" as the title yesterday, this is a great sign for bears looking for lower prices.
Unemployment is not getting much better at all, alot of people will have to go off emergency unemployment benefits. In Canada here the government is releasing the HST Tax in July, this will rock the real estate market here and will effect every households income as this is essentially a big tax raise on ALL items that otherwise would not have had this tax. Majors being gas, electrical, houses, cars...
Volume in the charts are showing a double top scenario also
The local newspapers are getting really pumped up, this is usually the nail in the coffin for the market, once the public thinks everything is back to normal, this is when the top will be put it. The local major paper here had "The Great Recovery" as the title yesterday, this is a great sign for bears looking for lower prices.
Unemployment is not getting much better at all, alot of people will have to go off emergency unemployment benefits. In Canada here the government is releasing the HST Tax in July, this will rock the real estate market here and will effect every households income as this is essentially a big tax raise on ALL items that otherwise would not have had this tax. Majors being gas, electrical, houses, cars...
Volume in the charts are showing a double top scenario also
Monday, March 1, 2010
1116 gap fill was concluded today
Next move should be down to atleast 1100, longer term I'd hold any shorts
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