According to The PPT, as of now, just 9.42% of the 3,888 equities followed are up for the day. Essentially, this is a 90% down day and people are clamoring for safe harbor. Incidentally, this is the 5th time the market has endured an 85%+ down day in 2011.
How did the others pan out?
1/19/11: 15.71% up, SPY closed at $127.70
Three trading days later: SPY closed at $128.54
1/28/11: 13.6% up, SPY closed at $127.17
Three trading days later: SPY closed at $130.49
2/22/11: 11.19% up, SPY closed at $131.26
Three trading days later: SPY closed at $131.76
3/10/11: 9.97% up, SPY closed at $129.38
Three trading days later, SPY closed at $128
As you can see, 3 of the last 4 times the market traded up, following an 85% down day, in 2011. In all fairness to the bearshitter robed in burlap, big down days, typically, are a warning sign of ominous shit to come. In the past, when the marker reversed lower on heavy volume, that encouraged billionaire, low IQ, managers to raise cash. However, even since the Federal Reserve started snorting home grown cocaine, sell offs are nothing more than mere way-stations to higher prices. You do not have to agree with this fact, nor do I. It just happens and I am simply pointing it out for you to chew on and shit out.
Most of you have goat brains and cannot see TLT diverging from the idiotic call by S&P. There are all sorts of counter-trend signals popping up, from dollars to treasuries to munis to gold. Do not let the news be your guide. Be like the fruit loops guy with the fucked up nose and smell the cocaine. Personally, as opposed to my opinion but not really me, I don’t need to smell the cocaine, since I help manufacture it, via large equity buy orders. You retail fuckers are subject to the whims and machinations of people like me. Not me, per se, but you get my drift.
It’s also worth noting, The PPT closed at 3.00 on Friday. It appears the algorithim is now responding to 3.00 + closes. And, as you read this gospel, both SKF and FAZ are flagged OVERBOUGHT. The PPT has been 75-80% accurate in calling tops in both FAZ and SKF. We shall see how this pans out and we shall do so with extreme vigilance, while sipping on single malt scotch!
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My losses today are egregious. I have not even opened my WNR account for fear of whats in there. This HOITS.
Not that bad actually.
WNR sucketh. SLV will end the day positive. Silver rules!
Bought a quarter at 17.15 so I’m hardly down. I hope it stays that way.
over 1% down, stopped out of most of my positions… Yuck…
I need to sip some scotch.
First paragraph, do you mean just 9.42% are up for the day?
yes
Listening to HAL call right now, this so reminds me of 2008 with the Mom and Pops in the US Land Drilling pushing their growth. Was interesting of their mention of the BP lawsuits being filed coming up. One year has gone so fast…April 20 was the start of BP Oil Spill last year. ………..Po Pimp I would love your take on the call.
http://www.marketskeptics.com/
This video should blow your minds.
hey,how come they dont put this stuff on sixty minutes. someone should put this out to the unwashed,i want rioting damn it !
somewhere along the lines that you described, i was looking at the chart for how my port has been acting for 3 months now.if you notice,it seems like every 18-34 days is how exactly you are describing the 5 homo hammers.
It’s the US economy that has been destroyed along with the US dollar. The rigged and propped markets are shams. What’s different now is that the rest of the world is finally figuring it out.
“BRICS credit: Local currencies to replace dollar”
IANS, Apr 14, 2011, 01.46pm IST
“SANYA: Brazil, Russia, India, China and South Africa – the BRICS group of fastest growing economies – Thursday signed an agreement to use their own currencies instead of the predominant US dollar in issuing credit or grants to each other.
The agreement, the first-of-its-kind, was signed at the 3rd BRICS summit here attended by Indian Prime Minister Manmohan Singh, China’s Hu Jintao, Brazil’s Dilma Rousseff, Russia’s Dmitry Medvedev and South Africa’s Jacob Zuma.”
http://articles.economictimes.indiatimes.com/2011-04-14/news/29417583_1_economies-food-security-local-currencies
yep,,its fuck amerika time………..gold standard here we come.
So why is the Dollar strong today after the announcement?
Not suggesting anything directly for stocks, but this is the best thing that could happen for the US as it scares the shit out of the public and forces the retard in the White House to come to drips with the debt and therefore puts the GOP plan in the public mind as the best going.
Perversely this is good news.
the problem is sitting in the wh. that suckhole has just as much experience being a president, as i am being a surgeon.not to say i couldnt do a libotomy ,i would just borrow horatios’ claw hammer.
True, the retard can be made redundant though. There could be enough Demolitionists that want to save their jobs and begin thinking about overriding the fuckards veto.
He could be made redundant.
The Demolitionists are starting to grapple with the idea that the public isn’t yet done punishing these fuckers and 12 could be a fucking demolition derby if they don’t get the spending under control.
The effect could be that those dems still vulnerable could end up going with the GOP and overriding fuckheads veto. Once that happens he’s politically deadmeat, as he will be aware that if his own party begins overriding his veto he stands about as much chance to win the next election as any other dead president. He’s finished.
The S&P announcement just swung momentum the GOP’s way, big time.
Ryan is also a formidable opponent as he has he public’s ears because he speaks really fucking well and seems to know what he’s saying.
There are 23 Dem senators up for re-election next year and a load of them are from swing states.
let the swingin begin. too many what to run as it is already. that herd has to be thinned somewhat before people get too confused as to whom they would like.
Red is the color of the day….and week….and until further notice. Bought some TZA and will not buy this dip. Fuck Ben Bernank.
Winnings!
this is the result of no more poker online. amerikan souls are crushed and those with adictive compulsions towards gambling will feed their need somewhere else. Soon all poker players will be jailed so they can make our brains go numb and Chertoff can make a bunch more monies off of jails and body scanners can be placed in jails as 10 million amerikans now goto jail for the pursuit of happiness via poker. oh nos! they’re harvesting my brains and they want to put us in jail so they can psychically steal our brain wave energies. They are just hoping for riots so they can enact marshall law, but if not they will just slowly continue to take away freedoms, if anarchy is brought about socialism or dictatorship will be the result. A restoration of the constiution and trial of all the government is in order while I look for my foil hat and the other part of my brain
marshal law. thats coming to,along with gimme all your silver and gold and guns.thats when we kill every mother fuckin politician that we pay for. and i really hope some fucking politico has the balls to read this.yes, we will come for all of you skanks,300 million people kill a few thousand,no one goes to jail,we take back “our country”, and rebuild it proper,the fucking way it was meant to be…………..fucking cock sucking goat fucks.
“Space bars on every keyboard!”
how about a hooker and a bar in every home
(hiccup)..My WNR hurts me…(hiccup)…and mocks me …(hiccup)…
So bonds are up and interest rates are down, I guess the bond market doesn’t give a shit what S&P has to say…only trigger happy equity hedge funds care…for now.
Yes because the credit market is more than aware that the US debt position is in a precarious state, so the S&P is basically well after the fact for the credit markets.
This is also worth taking into account because it is the credit markets that ultimately have determined which way stocks go.
This is how I see it… the US debt situation is first and foremost a political problem as you have one side of politics not wanting to curtail spending while the other refuses to raising taxes.
One side is going to win. I think it will be the side that wants to cut spending and the retard will not win out.
No, both sides will LOSE! LOSING! These retards will go down with the USS Titanic rather than turn the wheel 10 degrees.
I kicked the market, and it went down hard. http://www.youtube.com/watch?v=5q9kYKtvYU0
Okay folks, here’s the deal
Rustle up a daily chart of DOW or S&P
Observe the rising wedge of past 9 motnhs or so, thence the break through bottom support line, thence the “goodbye kiss” back on aforesaid support line, thence the subsequent break downwards
Target is bottom of the wedge
Happy trading, wishing you multiple profits and fat “wads”
Rgds, RF
I think I hear a helicopter!
Fly, will TLT break $ 95 or grind sideways? Divergence with S & P noted.
50% fib retracement (1249-1339-1295) is in … we’re going higher, say 1390-1440 by May.