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I hate to say it but nothing the fed is going to do today will make a difference.
Based on all the charts, volume and money flow no matter what fed does at 2PM it is a sell the news event.
The only question is how far and how fast it drops.
That is only my opinion and you should do your own due diligence.
Time will tell maybe I can be wrong. Not enough capitulation out there from a technical standpoint IMO.
It looks good
Unfortunately that means just more delayed pain.
I would rather just get it overwith.
Book some puts this AM.
Still holding some for the 11600 peirce this week.
They dont care about people trading penny stocks.
They dont much care about anything until it gets so large they look incompetent for not doing anything.....then they start to see those big pensions and three martini lunches start to slip away.
Get over it....they dont want to even try to lift a finger....its the government why would you actually expect a sincere intention?
I actually can't even find on the internet the last sincere action from governement. Actually it was probably Gerald Ford's pardon of Nixon and look at the price he paid for thirty years.
The funny part is there is no difference on what Nixon did to what Bill Clinton did but then it just trying to protect frat friends and for Clinton it was just protecting his frat sex.
Moral hazard all over the place in my market opinion today.
Government doesnt really want to.
All the that debt we have is primarily in dollars. So if you inflate them.....it costs you less to pay it all off. Third world folks got themselves in trouble with debt when their currencies inflated becuase their debt was in US dollars. Lucky for us they havent decided to outsource that to anouther currency base or we really would be $ U C K E D
Only those that save really pay a penalty in this environment and live responsibly. Thats the crux.
Nah.....]
FDIC insured baby so all us saps who pay taxes will be picking up the tab as usual.
Dude it was all in the charts.
I am loaded to the gills with PUTs on everything INDEX and OIL and GAS stocks which are all over bought and due to a run toward mean convergence.
Tank market Tank!!!
This is not twice damn fricking lucky timing. I called the 14200 top at the price 5 minutes period.
Too bad, I only learned to load up this time around.
Still in Cash on the retirement funds looking for a entry about 8-10% down from last weeks close.
Got to love all these ultra short ETFs too with options.
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Actually we may finally be in the bottom process when the market falls on a rate cut. If we finish green we are a long way from the end.
So we are not there yet maybe tuesday.
But yes $2 is way off the charts of anything anyone thought.....which means things are way worse than anyone has been lead to realize.
I dont understand why this is still not all out.....its like clinton and Monica.....it would have died if he just didnt deny it. Scandal for a short period and we move on.
How does one go from Strong balance sheet to shit in a week?????
Yeah and what blows it that all the CEO who juiced the numbers just like skilling are going to get their packages as they are forced out.
Ah and where was the SEC while all of us were going who the hell is loaning all this money to people who can't afford the credit card payments they already have? Social good? What social good is to take people lacking hope in the system....bait them into something they can ill afford and then take it away from the leaving what little credit they had completely in ruins?
I guess its all about the Burie Evers and Jeff Skillings of the world.......they think the world owes them something. Nothing but a bunch of used car sales con men in my opinion.
Of course they fit right in with the demoncrats and republicans in the US congress. Con men....all of them just to separate you what they think they made for you anyway.
What a joke!!! Its all FUBAR
RON PAUL leader of the NEW WORLD ORDER PLEASE!!!!!
Amen praise Jesus
Yeah I rolled the potato this time.
But I just cant see this market not setting new low after we closed below 12000....meaning 11630 wont hold on the intraday.
Besides look at any and all similar econ cycles.....we still early and everyone is still buying dips.
Need wash out to really move up
Sweet DIVE DIVE DIVE
All Puts are well in the money now. Just need OIL to roll over harder and it a slam dunk.
Looking for 11300 on this DT then rise back to 11630 to test former support as new resistance.
I dont see the Dow techinally getting any lower than 10600 but heck its all only probabilities anyway.
Cool time to roll over and die back to $100
Sweet!!!!!!
Darn had my economic calendar screwed up.
Thursday is the offing day not tommorrow.
Tight stops on puts tommorrow we should have upside to 12200 IMO
Sweet,
Close at the R line....feeling better and better.
Now pull the plug tommorrow boys.....primed, locked and loaded.
Dow should have upper limit on this move to 12200
Retail sales ??
Laughing.....not all oil was leading.
Laughing
But thanks XOM has the best chart for a short I grabbed a bunch of puts up here.
Oil has to roll over and watch the feast.
Got to hit $110 I think and then its back to $100 even.
That will take care of leadership
I am buying puts between now and 330PM for a move tommorrow.
I am sorry all I can see is a double bottom breakdown retest here. Wave 5 can not be complete already.
Oh well I may be wrong but this rip is way over done on absolutely nothing but thin air.
The only thing that bothers me a bit is there is more volume than I expected on this rip
Oh well sometimes you just have to roll the potato. Right Elliot?
Hey is it just me or why is the market ripping up today with retail sales that are expected to absymal due out tommorrow.
Is this like a do the opposite market or what?
Elliot Spitzer with a mop???
For the time some of us put in.....the returns have diminished greatly.
What used to generate $300 a play has dropped to $50 cause folks are taking advantage. Not to mention most of these same folks call the companies and the transfer agents and when they get a handle on whats going on we run an even higher probability of getting nothing.
Sorry but if the guys were making money on buying real estate with no money down could still be doing it for real....they would'nt be selling it to you.
Its all about homework anyone who can post on ihub can do the same research.
That was f ing hilarious.
I have sent it to dozens of friends.
Laughing
Good one Jim
Laughing.
Hey man look at the guy what choice does he have but to pay for it.
Either that or he is gay.
"not that there is a problem with that"
Laughing
Sorry buddy hasnt been anything to PM yet.
I take care of it on the other board promise.
Tee hee hee
Ditto,
Most of us are trying to PM such information to those that have been helpful over time.
Well hate to say it but 11500 is not the bottom.
We are in the next and last leg of the Elliot wave.
My calculations puts us at about 10600 for support.
We CLOSED at a new low so the intraday low may be a closing point near term but we will pirce it no doubt.
Just need a little more great news to push us down. Point is any move higher is met with plenty of supply...so upside is limited and even the leading sectors are now poised for a move toward mean convergence.... Agriculture and Energy.... and aint no way finacials are leading us higher.
11500 for a support would be great but I dont think it will last more than 2 days. Sorry, and for full disclose I am talking my book. I have puts on S&P DIA and even on Apache and CHK cause they are over bought and have to go back and retest the break outs before going higher.
Its all good......if things only went sideways it would be hard to make money =)
And a bunch of CO2 producers emitting while they chase them balls around in search of clean coal and a risk free existance.
At least before their double total knee replacement and total hips which were soon to be manufactured in emissions free China so that the FDA fines can be paid for for the same lobbying that congress permits themselves
Laughing....out at the American Asssociation of Ortho Surgeons in San Fran this week.
Laughing.....man ....you could have bought have this stuff at Home Depot if you didnt need the FDA approval for 1/1000 the cost....its like a reverse split with round up.
=)
We need all the CO2 to have the next super greenhouse period to generate the next creation period of OIL for the next species to use it after the next ice age.
Not that we have to worry about it!!
What are friends for???
Who knows a guy
Laughing
Does it matter who owns what shares?
Correct me if I am wrong but isnt a new stock issued on emergency from bankruptch?
IE shares trading now will ultimately be worthless??
Now how does that happen???
Laughing
Hey it can only get better with R/M and finacing.
They are holding $1 strong on the shell.....so you know where they plan to price the sale.....
Much higher....lol
I agree.
Public companies is all about disclosure.
I dont see how they can get away with it.
A divy is a divy.....attached to the shares as soon as it is annouced.
But hey this is pink and pennyland.....so anything goes.
SEC is too lazy to do any real work.
Cheers,
Well since its "special treatment"
And they were specific about who would get special treatment and when.
I agree about the ex dates.
Tex why dont you check with you NASD friends and the SEC on this one.
Well I guess we can just see how it plays out.
I think the only reason they will get away with it is that it is special treatment and only the person with special treatment can pass it on to you....how does one track those specific shares???
It all clear as mud
That language was in there for a very very specific reason.
Everyone here knows it.
What all the bitching.
Truth they are trying to play on ex date etc. But special treatment is a contract obligation based only on the requirements.
They spelled it out very well.
Not touching it....not even worth the cheap or free commissions.
Cheers,
R
FREZER dont get stuck.
Special treatment had 1/10 date on it.
You had to be a shareholder before the PRE 14 c even came out.
How about that someone think about all of us waiting to pounce.
LOL
Fidelity just delivered today.
I am not selling.
They soaked up all the bids whacks.
Technically it broke the DT today.
Quick trip over $2
Some one have a real valuation yet?
Cuttin got filled at $9 on 100 and the only one buying shares right now is the sponsoring MM so they have to know the intrinsic value.
Hard to figure.
Why would folks hit $1.10 just dont get it.
Am I reading this right?
They have $46 million in NOLs to sell in any merger?
Just curious. That makes the P/S much higher than $2