The currencies, Cable and Euro, have not followed SPX as expected. However my long call on SPX
(/ES futures) was spot on. Not sure if it has more to run.
My call on today's Jobs Report as being "not as bad as expected" and a 1.5% rally today, was pretty good.
It's time for a weekend. From my point of view, it is quite obvious that people are just getting more and more whacked out, completely losing their senses.
It is very interesting to observe this mass social psychosis, as an observer with "skin in the game".
Astro was implying a SPX run to 1105, and a blog reader emailed in this chart of the Russell.
The overthrow looks perfect, the Astro is completed, but currencies seems to still have legs.
Tim Knight closed the last of his short positions yesterday....the perfect wave 2, tiring out bears by time and price, with a final push up to make even the most strident bear capitulate. PS holding QID from 17.8, but now that my ES futures long "hedge" is gone, The QID could stress me out if market continues higher next week.
This is odd.
But here is the scary part for bears...EWI released a new monthly Financial forecast. Of course they are predicting imminent doom, and we all know how the MM's HBB games EWI, ramping against their calls to take money from the bears.
Think of it, how many retail, buy and hold type, long only type, are still playing this market after being whipsawed around for a whole year. Almost none. The only source of fresh money for HBB is to game the bears, who are committed as "smart observers" who realize the horrific fundamentals that this country and the whole world face.
Here is a special treat for you. I haven't updated this chart since january, note that the data is already a bit old, June 30. Seems like just lately that alot more money has flowed to bonds.
Short and sweet: BONDS ARE A TRAP!
All the HBB financial adviser bullshit about portfolio re balancing, shifting your bond/equity asset allocation, etc, it just that, a bunch of bull. Bonds are a promise to pay, a paper asset.
Read this chart carefully, it's a real winner. Especially if you are holding a bunch of bonds and feeling safe.
Check out this link to an interesting 40 page review of "Retirement Assets". I think this is important because it represents 35% of all wealth. And that means it's a big target, and HBB want's it. They don't want just to control it, they want IT. I expect this to be the next big battlefield. Financial ogliarchs will craft up legislation that gives them more access to your retirement savings. Here are some ideas---they force a percent of your retirement account into safe bonds "for your own good" further blowing up the bond bubble....they sell off at the top on their own bonds and leave you hanging on to a pile of shit. Or T-bills "Support America" law...works the same as bonds, they use your money to feed a bubble, they sell off at the top, short it in fact, and leave you with a pile of shit. See how that works?
Dabama here....OK lets figure out how to save America.
Chorus of PPT actors---Sure what you got in mind boss?
Well I am thinking that drawing a line in the sand worked so well in Iraq and Afghanistan, that we draw a line on the SPX and defend it.
PTT hehe, we know hwo to defend it...we just make the hush hush call to Goldman, Morgan, and those newish guys, and they crank the futures...we just have to give them free money, that they can pump with, and they can also lend that money back to us to Support T-bills also. High five guys!!! We save the country, the market, and our debt all in one shot!!!!!
Dabama: OK good, so where should we draw that line....
PPT--deep thought............hey how about 1040, you know, like the tax form....yeah yeah,,,,,
Dabama: great and easy to remember, OK code word for da pump boyz is 1040 taxes. Just call them and say hey did you file your 1040 tax form yet....it's perfect
And now, FETV is complicit in pimping out the idea that the bottom kill of the Gulf Well could actually result in release of 1000 barrels of oil, and should on that grounds be perhaps not carried out. Amazing the lies and misrepresentations the sheeple let themselves be fed. At this point, who gives a rats ass about 1000 barrels when so much more is already out there?
It is not that I disagree that they ought to pull the oil out of that reserve, they should, they need the money to do the cleanup and we need the oil. However, the way it is being played out in the media is just insulting. Kill the well, for sure, and then use the second relief well to pull the oil out. Duh!!!!!!!!!!!!
These folks do such an awesome job of plotting the moon cycles combined with TA, that I dont even try to replicate their work. Here it is. I see a slog or sled ride down for yet another V bottom "to be bought".
And the VIX/VXV chart, a great predictor of moves down. I use the daily chart with 2 BB to predict the little and big moves down. Refer to prior posts.
Lets step back and look at the forest.The first round of QE had a payback of around 10%, for every Trillion "invested", or sent into a "shovel ready" project, the GDP went up around $100B.The stock market did not go up based upon "real factors". 80% of the rise occurred on low volume after hours futures trades. This was gub'mint sponsored....they told HBB to work overtime and to pimp up the future afterhours in exchange for 1) saving their asses, 2) continued free money.Dabama is a great orator, great politician and fund raiser. He "gets it" when it comes to influencing humans. He doesn't know shit about business or the financial markets, and thinks that all we need is "con"fidence.No one wants to take their medicine before they have to, and your elected leaders are no different. They will try anything to avoid pain, even if the avoidance has a high likelihood of causing more serious pain.90% of the big financial problems--yes, it's a banking problem....the collapse of the easy money Ponzi scheme that really has been going on for several decades--- well 90% of those problems were just knowingly hidden and still exists (but hidden) on balance sheets. Do you know what "Mark to Market" means...if not, research it, it is very important. Don't just accept it like another financial buzzword.Speaking of buzzwords...whenever Wallstreet or FETV (Financial Entertainment Television) come up with some new buzzword...."shields up!"....that is when yet another shenanigan card is going to be played.OK, hope I covered the basics. Personally, 50% short on trading account into the weekend, enjoyed the nice mini-tank at EOD.
Bullish! In order to fool the Quant Spider Bots (QSB's) , I would please ask everyone to put the word Bullish! into the the first word of every comment they make on every blog.
Twiggs likes the horizontal lines.
I find my best trades on non-horizontal channel lines and a new trick from PRS called a channel extension (PRS 133).
But I do like Twiggs approach of not overly complicating things.
I think we are very close to a continued drop down, not the big one....it won't happen that way....and by big one I mean drop to say 500 on S&P, and then rally to whatever, say 650, then drop to 200. A final 60% drop for those buying the dip and buying the hype and the new QE 3 ramp of pimp ( far future, we are still waiting for QE 2).
Bill, please review "Acronis True Image" or Norton Ghost. These have saved me many days of lost time and down time in the last several of years. Norton is becoming too big and dumb in my opinion, they have "dumbed down" the software to the point a non-functionality
They take a major computer problem, and turn it from a day of lost time and money to a minor inconvenience.
I drove through northern illinois about 3 weeks ago, from Elgin area up to Cheeseland / Kenosha, and was amazed at how good the corn looked up that neck of the woods!
Bill, using your link it just took me to my local area (Hawaii), I tried the Share Map option on their website, but nothing happened, so I just copied the URL from the top of the browser.
The currencies, Cable and Euro, have not followed SPX as expected. However my long call on SPX
(/ES futures) was spot on. Not sure if it has more to run.
My call on today's Jobs Report as being "not as bad as expected" and a 1.5% rally today, was pretty good.
It's time for a weekend. From my point of view, it is quite obvious that people are just getting more and more whacked out, completely losing their senses.
It is very interesting to observe this mass social psychosis, as an observer with "skin in the game".
Astro was implying a SPX run to 1105, and a blog reader emailed in this chart of the Russell.
The overthrow looks perfect, the Astro is completed, but currencies seems to still have legs.
Tim Knight closed the last of his short positions yesterday....the perfect wave 2, tiring out bears by time and price, with a final push up to make even the most strident bear capitulate. PS holding QID from 17.8, but now that my ES futures long "hedge" is gone, The QID could stress me out if market continues higher next week.
This is odd.
But here is the scary part for bears...EWI released a new monthly Financial forecast. Of course they are predicting imminent doom, and we all know how the MM's HBB games EWI, ramping against their calls to take money from the bears.
Think of it, how many retail, buy and hold type, long only type, are still playing this market after being whipsawed around for a whole year. Almost none. The only source of fresh money for HBB is to game the bears, who are committed as "smart observers" who realize the horrific fundamentals that this country and the whole world face.
Making charts from raw data, how old fashioned!
Here is a special treat for you. I haven't updated this chart since january, note that the data is already a bit old, June 30. Seems like just lately that alot more money has flowed to bonds.
Short and sweet: BONDS ARE A TRAP!
All the HBB financial adviser bullshit about portfolio re balancing, shifting your bond/equity asset allocation, etc, it just that, a bunch of bull. Bonds are a promise to pay, a paper asset.
Read this chart carefully, it's a real winner. Especially if you are holding a bunch of bonds and feeling safe.
http://oahutrading.blogspot.com/2010/08/mutual-fun...
Check out this link to an interesting 40 page review of "Retirement Assets". I think this is important because it represents 35% of all wealth. And that means it's a big target, and HBB want's it. They don't want just to control it, they want IT. I expect this to be the next big battlefield. Financial ogliarchs will craft up legislation that gives them more access to your retirement savings. Here are some ideas---they force a percent of your retirement account into safe bonds "for your own good" further blowing up the bond bubble....they sell off at the top on their own bonds and leave you hanging on to a pile of shit. Or T-bills "Support America" law...works the same as bonds, they use your money to feed a bubble, they sell off at the top, short it in fact, and leave you with a pile of shit. See how that works?
http://www.ici.org/pdf/fm-v19n3.pdf
Charts below are from the ICI report
http://oahutrading.blogspot.com/2010/08/mutual-fun...
Dabama here....OK lets figure out how to save America.
Chorus of PPT actors---Sure what you got in mind boss?
Well I am thinking that drawing a line in the sand worked so well in Iraq and Afghanistan, that we draw a line on the SPX and defend it.
PTT hehe, we know hwo to defend it...we just make the hush hush call to Goldman, Morgan, and those newish guys, and they crank the futures...we just have to give them free money, that they can pump with, and they can also lend that money back to us to Support T-bills also. High five guys!!! We save the country, the market, and our debt all in one shot!!!!!
Dabama: OK good, so where should we draw that line....
PPT--deep thought............hey how about 1040, you know, like the tax form....yeah yeah,,,,,
Dabama: great and easy to remember, OK code word for da pump boyz is 1040 taxes. Just call them and say hey did you file your 1040 tax form yet....it's perfect
High fives, high fives.
Google Chrome is Horrific.
Look at this error reports from middle 2009, they still haven't fix this crippling disorder.
http://www.google.com/support/forum/p/Chrome/threa...
http://social.answers.microsoft.com/Forums/en-US/v...
Middle class is f'd, no two ways about it
Updated above, the tank down continues, ES leading the main FX correlators.
Iran could trigger some fireworks. And Russia is doing their nuclear construction...now there is really a match made in hell.
http://www.theaustralian.com.au/news/world/iran-co...
And now, FETV is complicit in pimping out the idea that the bottom kill of the Gulf Well could actually result in release of 1000 barrels of oil, and should on that grounds be perhaps not carried out. Amazing the lies and misrepresentations the sheeple let themselves be fed. At this point, who gives a rats ass about 1000 barrels when so much more is already out there?
It is not that I disagree that they ought to pull the oil out of that reserve, they should, they need the money to do the cleanup and we need the oil. However, the way it is being played out in the media is just insulting. Kill the well, for sure, and then use the second relief well to pull the oil out. Duh!!!!!!!!!!!!
These folks do such an awesome job of plotting the moon cycles combined with TA, that I dont even try to replicate their work. Here it is. I see a slog or sled ride down for yet another V bottom "to be bought".
And the VIX/VXV chart, a great predictor of moves down. I use the daily chart with 2 BB to predict the little and big moves down. Refer to prior posts.
Lets step back and look at the forest.The first round of QE had a payback of around 10%, for every Trillion "invested", or sent into a "shovel ready" project, the GDP went up around $100B.The stock market did not go up based upon "real factors". 80% of the rise occurred on low volume after hours futures trades. This was gub'mint sponsored....they told HBB to work overtime and to pimp up the future afterhours in exchange for 1) saving their asses, 2) continued free money.Dabama is a great orator, great politician and fund raiser. He "gets it" when it comes to influencing humans. He doesn't know shit about business or the financial markets, and thinks that all we need is "con"fidence.No one wants to take their medicine before they have to, and your elected leaders are no different. They will try anything to avoid pain, even if the avoidance has a high likelihood of causing more serious pain.90% of the big financial problems--yes, it's a banking problem....the collapse of the easy money Ponzi scheme that really has been going on for several decades--- well 90% of those problems were just knowingly hidden and still exists (but hidden) on balance sheets. Do you know what "Mark to Market" means...if not, research it, it is very important. Don't just accept it like another financial buzzword.Speaking of buzzwords...whenever Wallstreet or FETV (Financial Entertainment Television) come up with some new buzzword...."shields up!"....that is when yet another shenanigan card is going to be played.OK, hope I covered the basics. Personally, 50% short on trading account into the weekend, enjoyed the nice mini-tank at EOD.
Bullish! In order to fool the Quant Spider Bots (QSB's) , I would please ask everyone to put the word Bullish! into the the first word of every comment they make on every blog.
Twiggs likes the horizontal lines.
I find my best trades on non-horizontal channel lines and a new trick from PRS called a channel extension (PRS 133).
But I do like Twiggs approach of not overly complicating things.
The Five Horsemen of the Apocalypse (Good charts, please visit and comment)
http://oahutrading.blogspot.com/
I have my own version of the VIX on there.....check it out.
It seems that GBP/USD is more correlate, Euro getting gamed all over the place.
I think we are very close to a continued drop down, not the big one....it won't happen that way....and by big one I mean drop to say 500 on S&P, and then rally to whatever, say 650, then drop to 200. A final 60% drop for those buying the dip and buying the hype and the new QE 3 ramp of pimp ( far future, we are still waiting for QE 2).
The capable ones aren't put in front of us
Bill, please review "Acronis True Image" or Norton Ghost. These have saved me many days of lost time and down time in the last several of years. Norton is becoming too big and dumb in my opinion, they have "dumbed down" the software to the point a non-functionality
They take a major computer problem, and turn it from a day of lost time and money to a minor inconvenience.
I drove through northern illinois about 3 weeks ago, from Elgin area up to Cheeseland / Kenosha, and was amazed at how good the corn looked up that neck of the woods!
keep in mind, it's expiry week.
I am thinking enough bears were punished and scared out of positions, and now it's time to batter the bulls a bit.
thanks a retest of the "Death Cross"
I have seen the same con several times now, always from China or so they say.
Yeah, and retail was the pimps word on why this rally happened, HBB can't even keep it's liars coordinated anymore.
http://www.stormpulse.com/severe/mexico
Bill, using your link it just took me to my local area (Hawaii), I tried the Share Map option on their website, but nothing happened, so I just copied the URL from the top of the browser.