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What a GAP on $TNX.EOM
Let's see how far they can fade the open. Hedge funds got a heads up or at least GS customers did.IMHO
Was locked out of this mornings gyrations, just able now to log on .
Positioned butt long as I posted last 2 days, but I'm with you although I do not short, the game board and rules just changed.Will still fly with my plan to sit long thru into Mon.
Amen.EOM
The underlying mechanics of the markets have been changed we IMHO we need to step back and see how that may affect what used to work .
Explains alot.
"But now the pendulum has swung so far - again this is amazing - the SEC is considering rules that hedge funds over $100M in size have to release their short positions DAILY. "
Hedge Funds just lost their claws.IMO
Can they be more transparent?
The expectation is that whatever program is decided on would only last through the presidential inauguration. "You don't want a program that will last for several years because that would limit what the next administration could do," Seiberg said.
http://money.cnn.com/2008/09/18/news/economy/rtc_speculation/index.htm?postversion=2008091905
"always give you money " I like that part.
Maybe that is what is wrong with your Line? :o....blame it on rabbits... just this afternoon you were abusing seals.<GGG>
"when everyone is long. And no one is looking down " Isn't that what is being structured by the FED?....
What I don't see but feel is men buying time so that they can position themselves to an inevitable outcome. I see men imposing the same hubris that got us into this mess. I see a last ditch effort to reach 7 weeks. I see that the most important aspect of trading is money management and its role should be defensive.
My experience in designing in systems has taught me not to reinvent but rather to work within.
These men have begun to write an expansive chapter to rival Lewis Carol. They just are not that good. I need to sound a few other people out and perhaps be little more defensive than I have been.
IE I need to expand my plan to include I grant you just a medium chance, possible catastrophe.
Last night I thru up two lines that I felt would control price. I always believe when you find a confluence of major lines they exert greater control silly me I failed to draw the most resent downtrend line.
Aj your link to Mike Morgan has been updated today.
http://realestateandhousing2.blogspot.com/
In the last few days you made a statement that has just kept pounding inside my head....."great crashes occur within 10% of the high"
Well these guys may just be able to take us up that high.
LG TLAC
I think I just scared myself:o
hk2 ETFs are a form of Para mutual betting. The inverse ETFs make a bet against the twin ETF long. That is the primary source IMO. The prospectus clearly states that in market conditions that are not favorable to maintaining a 1to1 or 2to2 relationship the fund will perform as best as it can but does not make a guarantee. Probably what you will see is the spreads widen between the two opposing ETFs depending on market conditions.
The above is my interpretation from reading the prospectus.
I could be wrong BUT this IS the double bottom(touch) twin you are looking for.
The chart:
Jan's bottom starts rally that travels to the mid channel and falls back to double touch in Mar initiating a ten week uptrend.
July's bottom starts a rally that travels to mid channel and precipitates our current candle which in my opinion is the double touch to an upper channel touch rally.
For me until price deviates I will look for an upper channel touch trading thru the upward bias long.
You got to look at it philosophically its not the end of capitalism..... rather a hiatus( it has worked to well for them in the past).
They have only lost their balance for a while.:o
7 weeks to be exact.
Like movies suspension of belief
Its a WAG but my feeling we are set up for at minimum an up FRI MON double header. It's time to buy the dips.
They will try and scrub clean all mortgages off the books all standing banks will be saved.IMHO
Keep in mind that we are also seeing the dollar defended and as international markets tank believe it or not we do not look so bad .
As always I can be 100% wrong.
SPX has been in a downward channel it is my assumption that it will continue to follow suit. Closing price on the weekly defines the closing bottom with with descending expanding the tails. What makes this candle special:
7th Close price at or above channel (must wait for Fri)
Volume bar extreme (keep in mind we have one more days volume)
Length of tail exceptional
Extreme sentiment VIX
Massive and coordinated FED SEC Pension fund intervention on national/international scale
Talks of ultimate final solution being hammered out tonight for bad debt book scrubbing approach.:
http://money.cnn.com/2008/09/18/news/economy/rtc_speculation/index.htm?cnn=yes
A Granite bottom.
The extreme readings on VIX previously initiated 8 uptrend weeks 10 uptrend weeks.
At this point they need 7 weeks till election day.
ALL STOs and RSI are bullishly Divergent.
I strongly feel we are past the time to wonder whether it's going up it's time to figure out how to maximize our profits as it goes up. The time of reckoning will be on the upper channel line in Blue. And if we get there before Nov 4 we will break thru IMHO
LOL don't get me wrong I'm happy to settle for my red handled VIX ice pick.
Can they close SPX above 1211.38 and make it engulfing?
New high at 3 smells like a COH.....EOM
Yee ha,Must of been really hot in there:o EOM
We have a bullish formation edit: on the 2 min SPX NL 1156 Targ 1181+ doing a back test on the 50% run up IMHO
Thankfully not the same effect being more of a bucketshop bet.IMO
Still sporting a higher low. That plunge was so on CUE with GS I can't help but wonder wether it was not orchestrated by them to create the flushing sound.
Now if we could only lathe the VIX into a red handles ice pick I would feel much better about tomorrow
$TNX respecting its 3 day uptrend line.EOM
It just occurred to me that the $BKX is bullishly divergent to the SPX and all the Indecies.
Filing it in the live and learn column.
In Edit could this be the result of losing members?:o
GOOG RIMM AAPL looking to reverse on the 5min,IMO
Embrace the red ice pick it will set you free.........I'll settle for 39 on the VIX with a pull back.
I would never be offended by anything you might say I'm boneheaded enough to get alot wrong, nice to feel someone has your back covered.
I'm sure you got this but for the thread someones take on the SNDK offer from Steviee
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32249425
Dude I'm kidding .......let me buy you a drink I know it's early but we may just need it.
Was mentioning it as the end of the bull run in Oil I doubt it will cross over.
Are you suggesting I should stop using it as a Daytrading signal?
NVDA for whatever it's worth strong Divergence in RSI.Yes there is a manhole cover missing in the 5+ AREA.
Moment of silence for those whose hangovers are worst than ours,And I don't want to hear about an International Happy family of markets.
In all that noise someone woke up WTIC. It will be of interest if the 50/200 MA crossover takes place.
This may define a range in SPX swoon.
Decisive moment for NDX here
OT You;ve got more style than that.Just don't kiss me:o
Hell of a call.
On another note Bulkowski has a new blog entry , you got to respect his candor. Bad news Targ 9660 DJI good news full retrace of todays candle.
http://thepatternsite.com/Blog.html#P18
Oh MY GOD YOUR ONE OF THEM........
OT
We are so near but one can't help the feeling that We are caught in a disaster movie and everything that has happened to date has only served to point out the size of the meteor and it's trajectory.
Just hold your nose for two days they are only plants.
Then I respectfully ask for a LARGE RED FLARE when we get there.<GGG>