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WAVE 3 OF 3 DOWN to begin anytime here in FINANCIALs IMO
http://stockcharts.com/h-sc/ui?s=$DJUSFN&p=D&yr=0&mn=7&dy=0&id=p58653275538
Bliss's Full Moon
I believe this is the last, and failing, up-move before the waterfall.
Agreed
"Deflation is still the trend and Stocks are coming to that realization. imho hge"
Deflation will rule 2010
It keeps getting better!
Pretty soon there won't be a bear on the planet (that's not gagged and bound and on Guantanamo)
15.6% Bearish.....funny stuff!
http://www.schaeffersresearch.com/streetools/market_tools/investors_intelligence.aspx
It refuses....or should I say, Bernanke refuses to let it.
It seems it is a pathology with Mr. Sunshine
Didn't know he had a "history". Pleasant guy.
Er..Umm
I meant...Isn't there a more constructive way to show a divergence of opinion?
Must you be an asshole?
JPM just busted support on diamond top
Never seen this one before...but I like it!
http://alphahorn.blogspot.com/2009/12/something-for-ta-traders-always.html
Diamond Top in financials
http://www.mysmp.com/technical-analysis/diamond-chart-formation.html
OT: Option Arm reset tsunami begins
Had a 4 month grace period between the time when sub-prime loans were being foreclosed and the onset of the option-arms...now the tsunami of option arms about to wash out financials.
http://www.doctorhousingbubble.com/option-arms-for-dummies-why-45-percent-mortgages-rates-will-do-absolutely-nothing-for-these-toxic-assets/
How is it possible to have this wide a spread between Bulls/Bears with Bearish% at all-time lows JUST 8 MONTHS FROM A VIRTUAL COLLAPSE in the financial markets.
The FUNNYMENTALS:
Structural changes since the top:
Real estate values down 30%
Credit contracting at a level surpassing Great Depression
Unemployment 10%
Baby-Boomers retiring/Not consuming
Last time we had this spread was at the double-top all time high in S&P
Retail numbers TERRIBLE...Financials have to bring all "Off-sheet, special purpose entities" back onto their balance sheet next month....that's where a lot of the "toxic" stuff is hidden.
Reversal Thursday!
Key reversal in Financials...expect the rest to follow...Financials are toast.
I believe the only 2 times Bearish sentiment was that low for Investor's Inelligence (goes back to the 50's I believe).
2003
1987
PS: I'm not extreme...I'm patient...this particular position has required more patience than normal...but I believe I'll be paid handsomely for it. Risk/Reward is the name of the game.
Sentiment extremes...I've NEVER SEEN a 17% print
Wheeeeeeeee!!!!!!
http://www.schaeffersresearch.com/streetools/market_tools/investors_intelligence.aspx
Don't mean to be a buzz-kill...
Starting to believe this is another propaganda machine...designed to keep the masses in the market.
Each high has made a higher high of decreasing amplitude(In Hurst terms..the Price envelope has clearly topped here and is on the verge of turning down)...we have now come to the point where a double top is the top of the upmove with a break through the FLD to the downside...
to say this is BULLISH is absurd!
New lows by March
And that right shoulder was made with Buffett BUYING BURLINGTON!
http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=6&dy=0&id=p72168094444
Hi Blasher
what did I do wrong? I posted it like I normally do but it wouldn't show the chart...thanks
VIX
[chart]i755.photobucket.com/albums/xx193/golfinsurfr/vix-1.jpg