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time to start playing short side and go with the trend imo
when does a pull back turn into a downtrend?
short AIG, WFC, CCL etc. etc.
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Crashing. Dips could enlarge to craters...
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Limit down open coming soon to a town near you.
Pre-election crashville.
"We're a nation in danger!"
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SEIZED QAIDA DOCUMENTS YEARS OLD
Headline on Drudgereport.com
Much of the information that led authorities to raise the terror alert at several large financial institutions in the NY and D.C. areas was 3 or 4 years old... NYT Tuesday Page One Splash To Claim: Intelligence and law enforcement officials 'had not yet found concrete evidence that a terror plot or preparatory surveillance operations were still under way'... WASH POST Page One: Alerts Stemmed from Pre-9/11 Acts /// 'There is nothing right now that we're hearing that is new,' said one senior law enforcement official who was briefed on the alert. 'Why did we go to this level?... I still don't know that'... POST: 'Most of the information was compiled prior to the Sept. 11 attacks and that there are serious doubts about the age of other, undated files'...
Stock market crash delayed
until tomorrow
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Good idea.
Yes another warning just in case you weren't sure if Al Queda might be targeting New York. Shocking news isnt it. I know my jaw dropped when I read that one.
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Daily terror alert warning
http://www.cnn.com/2004/US/Northeast/07/31/newyork.threat/index.html
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PPT in full force today to mark up indicies after the close.
Be prepared for total market meltdown within days. 10 days maximum imo. Short and hold any rallys.
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Market behavior is very similar to crash patterns in history.
Bleed down for weeks, one week up prior to the first leg of the plunge. VIX at record lows, its all there imo.
I will ask George Slezak (currently ranked #1 market timer by Timer Digest) if it is possible to share some charts this morning from his service. Scary as hell.
Starting the big C down.
Short the open, this thing closes at the lows today is my call.
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Hard down. Phase 1 crash sequence in place.
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"So far the futures are pointing to a huge gap up."
Today could be different
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Fade the gap
IMHO
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"we are establishing a significant bottom here...tough to know where exactly the bottom will be"
which one is it? lol
short heavily the close today. crash wave coming
DAU
Obviously a few of you are having some difficulty reading charts.
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I think DOW 4000 will hold
<g.
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the answer is of course they manipulated it yesterday and paid dearly for it today <g.
foolish people in charge, look out!
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fed
no worries, "they'll" have all this futures stuff fixed by the morning. buying opportunity! blow off ramp coming
yada yada <g.
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Looks like 990N has left the building.....
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PDG, MDG, GLG, AEM are 24 carat also imo
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GE up $0.02 on that major rally.....
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GC04Q is Aug gold
Lets hope 990N doesn't leave the building <g.
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The daily candle on GE pretty much sums it up I think
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Keep track of these stocks with funny business going on marking them up out of nowhere. I think good short candidates.
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You should get Joe Batapaglia's job dude. That's some amazing spin you got going on there. Maybe peace will break out by morning. <gg
s.
PPT
From the SiliconInvestor boards:
________________________________________________________________
Received this message from a member of my investment forum who is currently on the floor of the Chicago Mercantile Exchange :
" Only have a minute but, write more later but... The entire S&P price action in the futures is being controlled by one counter party. All the guys hate them: their CME clearing number is 990N and they clear through Gelbel trading.
That one account is solely responsible for the current level of the S&P.
They are the ones that are throwing the S&P up overnight.
Then they are the ones that are sitting on the bid all day long, supporting the market action. The S&P pits have been decimated, absolutely ruined.
There is no volatility, so all the traders have left.
Now the hot pit is the Eurodollar pit. Go figure, that used to be like watching paint dry.
All the traders I have talked to view the market as being rigged.
They keep waiting for the price action to break loose, but it never does. They are stunned by the lack of volatility. And furious. "Time after time after time 990 just sits there on the bid. Don't they ever go away. They just absorb the entire market and then push the price wherever they want it to go.’ Gee, I wonder who that counter party is. ’ They are all terrified of shorting, because every time they do, they get drilled. I thought it was just my systems that weren't working that well, but they are far more dispirited than I. "
Intervention at it’s finest, your tax dollars at work, providing the ultimate tax to us all.
We have watched 2000 contract market orders on the Bid at key down levels of - 50 and - 100 on those rare days when 990N decides the program trading will revert to a well defined pattern of "allowable" retracements. The Mini’s are being rigged in order to provide "support" for swollen price levels. They have to be for now, as without the daily rigging, "Price" would revert to it’s inherent "Value", a disturbing proposition to those benefiting from the financial economy’s adolescent denials.
Counterparties provide an important function in any exchange, liquidity. Given the incessant "intervention" by 990N, there is very little liquidity beneath these markets to provide real support.
First of the meteorites?
http://www.cnn.com/2004/TECH/space/06/13/nz.meteorite.reut/index.html
Arizona foreclosures up 38% April 04 vs April 03
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So falling below the lows of wk of May 15 should be a good short.
Or even anything below DOW 10,000
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Prediction for tomorrow.
DOW - up 1 pt.
NAZ - down 0.5 pt
SP - down 2 pt.
should be a real exciting day!
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And the dollar was up.
The crooks have a plan and you got to go with it <g.
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No slack in the system
http://www.kstp.com/article/view/143560/
Local refinery breakdown could send gas prices shooting up even higher
Updated: 05-15-2004 08:44:44 PM
ST. PAUL (AP) _ A breakdown at a refinery that supplies much of Minnesota's gasoline could send regional pump prices even higher than the $2 a gallon level they just cracked.
Officials at the Marathon Ashland Petroleum Refinery in St. Paul Park _ which normally produces 26,000 gallons of gas per day _ declined to discuss the problem.
But state and federal officials say there has been a major equipment failure at the refinery, which supplies Minnesota with an estimated 15 percent to 20 percent of its gasoline.
``I understand the plant has fully shut down operations due to this malfunction and it likely will be down for approximately 14 days to fix the problem,'' Leslie Kupchella, a spokeswoman for Gov. Tim Pawlenty, said Friday.
Big price hikes could be coming at the pumps in Minnesota and throughout the Midwest, said Jason Toews, co-founder of the Web site TwinCitiesGasPrices.com, which tracks gas prices using motorists' reports.
``I'd say we could see prices rise 20 to 40 cents a gallon,'' he said.
And if other states are tapped to share their supplies with Minnesota, that will knock up prices in those states, too, he said. ``It would put pressure on the price of gas all across the Midwest, whichever states they draw the gas from.''
The average price for a gallon of unleaded regular in the Twin Cities on Saturday was $2.05, according to Toews's Web site. AAA put the average at $2.01 on Friday. Statewide, the average was $2.00, according to the MinnesotaGasPrices.com Web site.
Pawlenty and Rep. John Kline, R-Minn., asked the U.S. Department of Energy to waive federal rules about which gasoline formulations may be used in the state. That would allow fuel companies to bring in gas from other states while the Marathon Ashland refinery undergoes repairs.
``All indicators are this may create a short-term shortage of gasoline products for consumers in Minnesota,'' Pawlenty and Kline wrote in a joint letter Friday. ``An interruption of gasoline and diesel production from this large refinery will diminish already tight gas supplies and likely increase prices.''
Most gasoline produced at the refinery is sold at Marathon Ashland's SuperAmerica stores in the area.
Most of Minnesota's gasoline comes from the Marathon Ashland refinery, the Flint Hills (formerly Koch) refinery in Rosemount, the Murphy Oil refinery in Superior, Wis., and three pipelines. Since those refineries run at full capacity nearly all the time, pump prices could rise with any disruption in operations, the state Commerce Department said.
check out the weekly head and shoulders on ctsh <g.
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i found mine right down the street at a refinery, backed up can't get it through the system. <g.
thats nothing, i just went out today and found 5 B barrels myself! this is great!
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Bond market has given Greenspan an opening to raise rates next week. I think the Fed would be crazy not to bump up rates some since it would be more stable to do it now rather than go through the whole swing in rates again later.
I think they are worried about defaults and bad credit along with inflation.
It might be better for bond market to go ahead and get a rate increase out of the way rather than leave it as an unknown.
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I think the Fed is taking the market down an notch and interest rates up a notch to curb the growing debt.
Probably a little at first to see how far they have to go but they must have figured out that spending $8 to get $1 of GDP was not really working.
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<VIX is going down some more now that the market is pricing in higher interest rates.>
VIX has been going down for a year as interest rates have been going down. Now interest rates are going up and you say its a reason for the VIX to continue down?
Please explain because that Doesnt Add Up
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I thought the old rule of thumb was to sell when the VIX got below 20. We're at 14 now..
But this is probably because of the low interest rate environment? I guess as long as we dont run out of oil, no one relies on overtime to make their house payments, and the war in Iraq is over next week, the everything will be fine <g.
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