The World is Ending!

Is this the kind of post you guys wanted?

The market looks terrible, we are headed for new lows! Then, once we hit new lows, we hit newer lows, this process will not stop until every stock is at zero.

I see weakness in every sector, everything is a sell. Do not even think about buying a stock. Right now I sold everything I own and went 100% short.

Folks, this is Armageddon, embrace it. Whenever you see green that is your signal to sell. We hate green over here at iBankcoin, the only color we love is red, red like the blood shed all over the world.

Again, there will never be a bounce. Not in gold, not in oil, not in the dollar, nothing. Everything trades to zero, even inverse ETFs. They’re all done!

Your money is worthless, embrace the horror!

I’m seeing amazing strength from the opening bell.

Tech is on fire from the morning lows, just take a look at the intraday charts:

Microsoft Corporation [[MSFT]] , VMware, Inc. [[VMW]] , Amazon.com, Inc. [[AMZN]] , Google Inc. [[GOOG]] .

Also, take a look at alternative energy:

First Solar, Inc. [[FSLR]] rallied over 20 points of it’s low. MEMC Electronic Materials, Inc. [[WFR]] had a great report and starting to gain traction– This sector is not dead. Now is a great time to build a position in a few names. Do you honestly think JA Solar Holdings Co., Ltd. (ADR) [[JASO]] is going to zero? The company has a great balance sheet and growing at an accelerated clip.

Now the question is do I want to buy after we rallied off our lows this morning? The answer is NO.

But, the world is not ending as some of these prices reflect.

We bounced off the October 16th low @ 8,200, but will that hold today?

Being that it is Friday, I’ll have to say no. If we break 8,200, we could very well see that -1000 point day. At this point, I don’t even think the low experienced on October 10th will hold.

Hopefully we get that big down day today and another one Monday. I’m tired of this slow moving shitfest.

Let’s crash this bitch.

What we have at the end of the day is a head fake and a bullish long lower shadow on the doji/hammer-like daily stick. Lets see if we get any follow through tomorrow.

TNH – Big Toppy

Looking at some of the Gold/Gold related stocks and thinking it might be a good time to nibble.

Oil could drop another 6-7 points, and still not violate the long term uptrend of the chart.

I don’t think there’s a person on the planet that doesn’t want a sensible, calm market to return. This is getting more insane every day. The VIX almost went into the triple digits today.

Devil Dog’s top pick set to explode higher.

Caution: Thinly traded, set  limit orders. I’m long from $95

S&P 500 Triangle update: