Do you think Willie has considered that the whole FIVE may be merely Wave A down with Wave B to follow and THEN Wave C to 7300-7500?
That would do maximum damage.

Right now the alphabet soup is shaping up to be: A B C X A B C.

it all reminds me of people playing chess with themselves.

nothing more to run the markets on other than short-covering and those folks are watchin' now.

currency trading.

stalking GS
has done its obligatory correction.
89-90 for launch
probably lots of company at 90

that's because yesterday they ran it back to oct 21.
short-coverin', nothing more nor less.

The TED spread understands. <ng>

The Boyz are going to chum the water today.

RelentLESS.

Is this the unique case of the vulture rejecting the carrion ?

<a lot of the countries with commodity based economies>

The new order: Brazil, India, Dubai<g>, Canada Central...
One "crop" economies never prevail. Of course we thought a "service" economy would be our financial calling.
(Isn't service related to "servitude"?)

Thanks for the 7835 marker, T. <ng>

Russia doesn't understand the flattening of the world.
Unfortunately, it is going to be different this time.

<about the markets being closed.>

maybee it's tim 2 put in my order for GS at 12? do u think?

"Closin' it, ain't the problem. Openin' it ..."--Willie the Shake

The TED is a non-believer as in "up" agin'.
Bring on the next rate cut.

P.S.

Impressive three-day decline in TED Spread.

--Whole Wheat

Lettuce begin.
More than a few TA people(myself included) thought the market wouldn't fall this far this fast. What it did do was give you a lump that was LAST seen more than thirty years ago. (We're now employing the gift of hindsight.)
If you bring up the monthly for the DJIA you will see that STARTING AT THE BOTTOM of wave A we WILL travel 1.6A to just shy of DJIA 7200. (You would normally have expected to start the 1.6A at the top of Wave B.)
It's a little bit like returning from Colombia with a mild cold and a week later realizing it's denge fever.
We're probably closer to a bottom in price rather than time. That's the agony. I'd "worry" more about a possible abcxabc now.(Sideways, she wrote).

Good tradin to u.
Back to work.

Yesterday was a DJIA inside day and today...drum roll...was also an DJIA inside day (LH & HL). Rare for lovers of sin waves.

Smoke in search of Shorts.

Think Hialeah Politics

Smoke 'n Mirrors: an inside day on the DJIA

The TED is down 19% for the day. Never seen that bee4.

jus' like the good ole' days: short coverin' is back

why wait for munday?<g>

TED is below 4.

not impressed yet.
top of the channel on three-day diamonds.

Lemme see....an M.E. cutback in production announcement.... then another boone pickens' "peak oil" pronouncement....then john templeton to soothe the markets....whoops he's dead....then chevy ads for the new H3....then we get to finallee take out the boat with the twin YAMAHAs to see if the quart of STABILIZER realee worked...and a promise from the SAWDEES to aid the 'bublican corset ....and least but not last, another a paulin g deckleration: "I'm an expert in middle yeast policy"

why do people expect gold to rise in an impending deflationary environment?
james dine took the last generation of gold huggers down with him.

<Mary Landrieu (D)is presently asking Congress for 250 BILLION DOLLARS...>

Does she want it in small denominations?

GLD would be a screaming long if inflation was the issue.

<GG>

What are the parameters for "qualifying" for future loans?

DEFLATION

DIA now in perfect 5 min up channel.
So much for morning ascending triangle.

When was last time you heard anyone talk about real"capital formation"?<ng>
Rhetorical question: Do people understand the whole cycle and the pieces to the puzzle in-between?

yup!!!!!

Ascending triangle on DIA today. (Start the count from 2pm Friday)
Sideways a-b-c soup awaits us.
Scripted e-wave.

It reads like Allan the Green. Pimco has a place for you.

--Willie the Shake

GS needs a rumor. <g>

Deflation is the central issue.

GS: Back to its own 1999 $53 IPO?

Reminds me of the 73-74 debacle where you end up with teen and single digits all over the bloody place.

"May you live in interesting times."

"In 1929, the time from the last chance to get out to the crash was 55 days. In 1987, 55 days was the Saturday before Black Monday. Now in 2008, the last top was Aug 11 and the first crash was last Monday, Oct 6 - 55 days to the Sunday before."-- Yelnick

No talk about the PPT anymore.

The real KNEWS.
Fking unbelievable:

http://www.bloomberg.com/apps/quote?ticker=.TEDSP%3AIND