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NEWS DOES NOT MATTER! Charts make market news follows! If Bank of America filled for Bankruptcy right now, market will not tank, it will only hit lows that it's supposed to.
If everyone is positioned to lose, the market will not lose. Nobody seen 2008 coming, nobody. Except for 1%. CNBC will pump the market until there is no more pumping. Market will lose but will come when no one is expecting it. Right now everyone is expecting it.
Maybe a hedge fund betting against the market who knows. $800,000 is alot to us, but not to a hedge fund.
This "rally" needs "bag holders" They need people to think market will continue to climb above 1300 S&P so new money can come off sidelines. When new money comes into the game they will then be bag holders forcing stop losses to be taken out as well as pressure selling. The market has no volume what so ever. It's in the charts! Did you guys notice the $800,000 buy yesterday before close?
Don't sell yourself short. $50+
Take positions. Big Slide Coming to a Broker Near You.
Good. Be Patient. It will take time. Market will fall hard.
Did you buy?
Interesting. I'd go as far as to say we don't operate under a full capitalism system because President Obama gives to the poor, not the rich. Those articles you're posting have been happening for years. America is now just catching on. Reason being? because the market crashed in 2008. If the market didn't crash in 2008 no one would know anything. Just like when people were buying houses with no money down!!!
TVIX Chart is forming a bottom. Only day traders worry about entry points. If you buy here you will be fine, IMO.
No. If you look at the doji after close of business on JPM you would see the stock was already in for a reversal. It doesn't matter, I will show you that news doesn't matter later. Well.. no.. I'll show you right now. Why aren't markets down today? S&P downgraded half of Europe over weekend. You think markets are up because "better than expected sales from Italy"? Of course not. Market needs "bag holders" S&P is psychology at 1300 for investors, when the market drops PR will then focus on the negative out of Europe. PR is trying to put a focus on "good earnings" for now. Don't read into Earnings for companies, they're all lies. if you read into them then you'll end up an Enron shareholder sir. WATCH CHARTS.
You're so naive.
Look at Chart Scroll down to 2nd Chart (S&P) and 3rd Chart (VIX) Vix will explode.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808&cmd=show
Mr. montanore,
Please review chart Scroll Down to S&P 2nd Chart: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808&cmd=show
Also scroll down to VIX chart Chart 3.
Vix will explode.
VIX is going to explode.
I don't like reading news. Not that I can't read or anything lol, don't you think the press knows what's going to happen already? why? because of the charts. They already have a story lined up for next quarters earnings.
I will post a link to charts in a minute. Charts technicals only matter. That other stuff is just PR press. PR is neither good or bad, it is only judged by emotional people where the story is good or bad. We can only assume that the Fed is propping up markets, we can only assume that computer algorithms take our money, we can only assume! CAPITALISM. You want to talk Capitalism? S&P was 1250 in 2000 gas was $2 S&P is 1250 in the year 2012 gas is $4! That's CAPITALISM at its best.
P.S I will post charts later, I'm at work, can't access personal email here.
The only people who say the market is rigged are ones that lose money, we all lose money but you live and learn, never say it's "rigged" Always Learn. News is for people who need to understand why certain stocks are appreciating in value and depreciating in value. The market will do what it wants to do regardless. market should top around 1305 today.
No earnings does not matter. Half of Europe gets downgraded over the weekend and the market is going to open up over 110 points? How does news matter then?
Credit Rating's, Market Earnings, and News does not matter in this market. Market moves on technicals. S&P is at a triple top, S&P will reach new lows beyond the 1074 it did last year. Before it reaches new lows, it will peak in March around 1370, before it peaks, you will see the market (specifically S&P) retrace 61.8% or down to a low of around 1225. IMO.
I agree. The greed that is forth coming will be asinine. The rich wants to get richer and keep the poor at a stand still. The middle class is shrinking and the rich don't lose. Why don't the rich lose? What has happened fundamentally to make the economy better from 2000 til now? Nothing. Example. Gas was $2.00 in 2000 and S&P was around 1200 Gas is now $4 and S&P is around 1200. Middle Class loses because they are forced to use retirement for higher food and gas prices. Rich remain rich because they can afford. Still.. I agree with everything you're saying.
News Does not matter. Stay short in this market, S&P hit a triple top. If S&P does go any higher, it will only go to 1305 before retracing 61.8% or lower which could be around 1205 area before going to 1370 in March before falling off a cliff.
Triple Top on S&P, Be Careful.
Bought Bank Of America at $5.75 for leverage.
Good Morning.. Start of the new year. Bought Friday TVIX at $31.95, may have bought a little too soon, I'll hedge with a buy of TNA.
Interesting. Everyone on CNBC is a pumper.. No one tells the truth besides Santelli. Look at the charts. Need a retrace to 1242 on S&P to have a healthy market climb. I expect volatity, this is just my opinion as well. I also expect market to top in March, and then a complete fall out of the market
S&P Price target for me is 1267, if it doesn't break 1267-1271 then S&P will go lower to 1227-1232. Ride the Waves. Buy TVIX At 1271 S&P. IMO of course.
P.S. I'm learning Elliot Wave Theory.
Very Low Volume today in the Market. Not a good sign.. It's a sign of a big move in the near future.. Generally to the down side. Sears was down 27% today.. Best Buy will be the first to go. No.. Wait.. RIMM will be the first to go..
Wow. Oracle is down 12% today.
AT&T stops chasing after T-Mobile after the Justice Dept hated on them.. I'm glad the merger didnt go through.. Too many jobs would've been lost regardless of what AT&T proposed to create.
Bank Of American.. New 52 week low $4.92
All stocks are cheap!! Especially ones that are at .0001!!!
Bank of America looking to go below $5 soon! If it goes below $5 watch out below.. TIC.. TIC.. TIC.. TIC........
BAC- Is about to go below $5.. And NO.. This is ABSOLUTELY not a buying opportunity. I would stay clear away from it. You CAN NOT predict a bottom to Bank of America. The only thing you can predict is that it will get you some money if you short it. IMO.
where is the value of the money!! in terms of money Americans are losing for 15 yrs straight.How??? well look at value of $USD and SPX. SPX didnt go anywhere but USD went straight down.
spx 1200 in 1999 gas was 1.45 per gallon.......spx today 1200 gasoline 3.90$
Good Evening Augusta,
Do you have any price targets for the S&P? My short term target is 1050 I could be wrong, nice to have other opinions. Anybody reading this message can give an opinion as well. TIA.
Market close 132 negative. S&P closed below support level.. Looking for 1187 next.
Good Morning, For those of you who want to trade energy Play ERY. It's a bear. Energy doesn't like the market right now..
Thanks Alot. I will.
Markets are coming to the realization that a whole continent is in debt. Nothing can save it but bankruptcy. The more "tightening" a government does to its country the worst is for the economy. There is no win, no matter how it's looked at.