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Stock Market Death Cross of 2012 only 5 points away from being confirmed, (Rare Event) For the first time in over 65 years the 50 month and 200 month moving averages will cross in the S&P 500 and will be confirmed by volume, and for once it has nothing to do with earnings, economic news, or european turmoil last time this occurred it signaled the bullish trend this time it is in a major bearish trend (plummet) sector to be hit the hardest will be the Tech sector. Read If it occurs — and we’re within a whisker of it — this would be the first time we’ll have seen the 50-month and 200-month moving averages cross in the S&P 500 in more than six decades. However, unlike 65 years ago, this cross is in the bear camp.
Take a look at the chart below. In simple terms, a bearish cross is when the 50- and 200-month simple moving averages “flip” — or get inverted. When the shorter term 50-month moving average (ie. RED LINE) crosses above the longer term 200-month (BLUE LINE), it’s referred to as a “death cross” and is confirmed on volume.
Ready for a Potential Disaster Without Precedent?
Charts don't lie, especially ones that follow the Great Depression and at a more rapid rate this time, I'll revisit this board in december or january, just like i did the FB board when i stated that when it traded in the 30's... Good Luck though, There is money to be made but it's not being a Bull that's for sure, Bears will takeover after election as they have already started to....
I wonder how many investors will get pummeled thinking the market will get better, the Bear Market is hitting and investors will soon see after the election how bad it will begin to get, I'm gonna revisit my post in 3 or 4 months just like i'm doing now only to see when i agreed this would be over-rated it was in the 30's when i posted that and stated would probably get to under 10 before years end or in january, charts don't lie, especially one's that follow the Great Depression http://finance.yahoo.com/blogs/breakout/double-deficit-face-double-dip-recession-wiedemer-134457201.html
Double Trouble, Like i've been saying about the Bear Market coming, Headlines once again http://finance.yahoo.com/blogs/breakout/double-deficit-face-double-dip-recession-wiedemer-134457201.html
Like I said major Bear Market coming and is already in effect, investors will be getting hammered from here on out, especially in this field, Tech. http://finance.yahoo.com/news/stock-index-futures-dip-eyes-094812230.html
Awesome, I feel good about great about today and the reason why is this, about 2 weeks ago i sent a certified letter to the address Ledbed lists on his emails and told him to please remove me off his freakin mailing list and unsubscribe me, well of course i had to throw in my input about this stock as i did a couple of months ago until he blocked me from sending replies to him, basically said this stock was trash and would not have a chance to recooperate until next year in my opinion "IF" at all and it would continue it's descent downward, Well i havent had any response from him at all but today was "SWEET" to say the least, so LedBed if you are reading this, I freaking told you so, charts don't lie. It's like the old saying i heard years ago, Figures don't lie but Liars do figures.
Lol, There's a reason for Ledbed's relentless pumping on this thing, I have "Never" and i mean "Never" seen any stock since i've been trading get pumped like this one, and yet it continues to go nowhere but down, it's hilarious. Tech stocks will be trending downward until the end of the year, after election "Gold" will be the ticket...
Now who do you actually think the joke is on, did you ever read any of my previous posts before, i trade both ways so keep that in mind, there is a reason sometimes for comments and responses for private messages, who has said this will tank to a penny in the beginning and has stated this has been setting a new year low everyday. I trade to make money, plain and simple.
I don't mind sticking a toe in now, not throwing enough in it to care about...
I'm getting low .02's filled...
Anyone want to join in with me and place some orders in the .01's
Bring it on down here I dare ya, I'll spike it myself, Keep dropping it, i've been in much worse stocks than this one in the past. I still feel she has the legs more one more nice run or spike up...
I hope that's a good thing especially considering the price this once was at one time...
Another New Year Low, Mercy I wonder where the bleeding will stop for this one, if it hits that penny i'm loading the boat with the wife and kids...
I'm still on the sidelines, still doing the "dd" on this one trying to figure out why this one has been just absolutely beat down, looks to me like management wouldn't know how to balance and run their kids lunchroom money much less this company. Gold is the "Hot" topic right now and shorts are still in this one some and i wouldn't be interested in shorting a "Gold" stock not in this market with gold being a hot topic right now so i'm kind of on the fence with this one, guess i'll just see how the chart fares...
Another New Year Low set today....
Anyone in this besides me...
Going much lower, it's me again and you know i tell the truth and will call it step by step, play by play...
You are required by law to state if you have been compensated for this stock...
That's a painted close (so your short shares are safe) and it set another year low today, dont get upset because i've called this right the past 3 to 4 weeks, not to mention i have had several private messages from individuals saying nice call man, so no, even though my statements are my opinion and im not a guru but charts dont lie, by the way its going lower... I've played this 3 times and have profited every single time, so if you want to be a bagholder thats fine i'll let you next time i check into a hotel....
Last 2 BK stocks i was in recently and i mean very recently were halted and 7 out of the past 8 i've tinkered with only 1 remains, thats not too good of odds, if this gets to a "penny" i'll be a buyer depending on the news at that time, the chart, and accumulated dd and the outlook at that time.
You have your assesment and reasoning and i have mine, but as you can see it continues downward for whatever reason we want to assume.
I see more cheerleaders on the board for this stock today, that also let's you know the stock will continue downward as there are shorts involved, become familiar with certain names and how the stock reacts after they post also how a stock reacts on other boards when they post as well, Another Year Low established today.
What's the latest scoop on this, since they lied to everyone the last IR call, hahaha, any updates...
News has been rolling in, it's just been all bad, everybody and their brother wants to sue and get a piece of this company, why, because they owed every Tom, Dick, and Harry known to man. It's also now going to be associated with a chinese company, another reason for the drop, name some chinese stocks that are doing well (exactly, not to many) the only thing china is interested in is gold and minerals at the current moment, It will make a nice run if some newsletter that has a decent following pumps this because of the smaller size float, no matter what the circumstances is lingering with this company. I expect maybe one more spike up before a final destination is truly known.
What's the date for earnings
Oh i totally agree, It does have a relatively small float so it can definitely move very quickly, i was in the first time about 3 weeks ago and it ran over 300% but i sold too early only because of the way i trade and just grabbed a 42% gain and like you say it is a crap shoot not only with this stock but with most every stocks this day and age.
Good Luck with that, i've never been one to throw money down the drain when the chart is showing otherwise, Wish you the best...
It set a new year low again today because of the short interest and lack of major buying volume and continous bad news, If it drops like it has the past couple of weeks you then become a bagholder until the stock makes its final destination to whichever way its headed and currently its down. No need to overpay for something, my opinion is it will drop even further, thats why especially with this stock i trade very quickly, its far more profitable to scalp and run then to sit holding bags...
Drops further tomorrow unless there is a pickup in volume and a slight gain to short it down further...
Thanks for the message and conversation mister two, appreciate it... Good luck to you...
I'm waiting to get filled on one currently that has tanked, i figured it would today, it was showing the signs,...
Come to papa, Fill it, Fill it....
I'm not a guru but plain and simple a bear market is coming that is getting ready to fry investors, considering the news they put out last and its getting towards the end of the year you will see more tanks than on a battlefield...
I'll say the latter because of the ugly news being released isnt helping matters any, these penny stocks can move very quickly and aggressively up or down thats what makes them so attractive, just the slightest movement is 10% or more when they are priced at these levels. I've got my buy order in may take a couple of days to hit it but who knows you can never tell with these things.. Considering the float, the hype, and the individuals once associated with this stock still makes it one to watch though in my opinion. I'd be stupid to play it again for the 4th time, but guess what, it's all about scalping, while alot of investors hold in some stocks waiting for that miracle run or miracle merger, pr, or approval or set of news, i scalp constantly, you gain far more, thats just my trading style though.
Touched in the .05's, no need to overpay, lack of volume will drive it even further down not to mention the shorts and it definitely doesnt help with the news they have been releasing, it seems everyone wants a piece of the action or settlement so to speak.
Mercy i see this one is still locked up, i figured after that last set of news there would be one or two days left to trade it, still gonna watch from the sidelines though and see what does play out with this one...
Back to .05's tomorrow....
not a problem i swing-traded it myself...
Out with another scalp for the 3rd time, Thanks again, I'll revisit this sometime later, definitely one to keep an eye on to see how it plays out...