http://stockcharts.com/def/servlet/SC.pnf?c=$VIX,P&listNum=

OT: careful desparation has finally set in, http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42148168

The next bubble is....... Death! A desperate Wall street
copies Dr. kevorkian, fascinating read, http://www.levy.org/vdoc.aspx?docid=1200

http://www.huffingtonpost.com/2009/09/01/maria-bartiromo-presses-4_n_274024.html

there's another one, notice how the ultimate oscillator nails the last two bottoms, but it is decidedly weaker this time right? can't break 50, looks like a market just relieving oversold conditions while the smart ones unload. look at the CMF (money flow), DANGER WILL ROBINSON DANGER!!!!This is one ugly mthrfckr! Notice how the money flow (green) was actually deteriorating while the market headed higher from the March low. she's looken a little rough to me. (JMHO) CHUBBIE

http://stockcharts.com/h-sc/ui?s=DIA&p=D&yr=0&mn=6&dy=0&id=p55518614299

There's the DCC (daily candle chart), notice the bullish divergence in slow stochs, my favorite buy signal, however, this time it should be ignored, look at the MACD, horrible and RSI, rolling over and still not oversold, Macd histogram does show a bullish divergence but not much. So the way i would read this chart is, the bullish divergence in slow stochs. was created by deeply oversold level in that indicator, macd histogram only really shows that no deeply oversold conditionsd exist. May see a bounce early next week, but I see a very weak chart with more people wanting out of the market than in. (JMHO) CHUBBIE

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&b=5&g=0&id=p24854860253

losing blue, bullish support line, http://stockcharts.com/def/servlet/SC.pnf?c=$INDU,P&listNum=

I think they will re=evaluate the price target, with a lower target. I still think 6,500 on the Dow. (eom)

at bullish support line, but not even close to being oversold, still think it heads for 6500, http://stockcharts.com/def/servlet/SC.pnf?c=$INDU,P&listNum=

TIMMMMMMMbeRRRRRRRR! http://stockcharts.com/webcgi/Pnf.asp?S=$BKX

http://stockcharts.com/def/servlet/SC.pnf?c=$SPX,P&listNum=

another bull trap coming, http://stockcharts.com/def/servlet/SC.pnf?c=$WTIC,P&listNum=

wrong answer, possible retest of 6500, BULL TRAP;
http://stockcharts.com/def/servlet/SC.pnf?c=$INDU,P&listNum=

OT: I can't believe that journalist used the phrase 'flight of capital", don't they know what 'capital flight' is at bloomberg??it's our worse nightmare, they trying to start a market panic or something?? might be a very volatile day, the day after quadruple witching. (JMHO) CHUBBIE

OT:http://www.bloomberg.com/apps/news?pid=20601087&sid=aWBYHr3C.Ra8

http://www.redmolotov.com/catalogue/tshirts/all/karl-marx-tshirt.html

what goes against the grain is the banks, that index still looks bullish but is losing momentum, that would be the one to watch. (JMHO) CHUBBIE

tested double bottom today on pnf, you know what they say about there ain't no such thing as a triple bottom, http://stockcharts.com/def/servlet/SC.pnf?c=$INDU,P&listNum=

I think it heads down in a big way and fast, actually, if not by the end of the day by the end of this week. That exports data was terrible,no way to put lipstick on that pig, this tells us that a devaluation of ALL US ASSETS (not just equitys) is still entirely possible. (JMHO) CHUBBIE

I think it heads down in a big way and fast, actually, if not by the end of the day by the end of this week. That exports data was terrible,no way to put lipstick on that pig, this tells us that a devaluation of ALL US ASSETS (not just equitys) is still entirely possible. (JMHO) CHUBBIE

OT:bear market rallys can be pretty violent and profitable, enjoy it while it lasts. "The world has been slow to realise that we are living this year in the shadow of one of the greatest globasl catastrophes in modern history" John Maynard Keynes. The bottom line, standard lending practices have not been reactivated and don't expect them to be for quite some time. Enjoy the bull while it lasts. (JMHO) CHUBBIE

(OT)Well, there's the govt. mistep, could Geithner possibly done a worse job?/ makes himself sound like a dart thrower. Telling us "What tools he could possiby use" or "what he might do". Everybody was on the edge of their seats waiting for our new leadership to prove they were in control, they blew it bigtime.They have to get back i there and change this impression fast...if they can. (JMHO) CHUBBIE

The federal govt. does not want to be the employer.Apparently yoiu misunderstood what i am saying only the employer of "last resort" Look, at the mistake FDR made by not understanding keynesian economics (most college students don't get it right either, so you are far from alone), people think keynesian economics is really about priming the pump it is not, keynes knew that addressing aggreagate dmeand would not turn around depressionary conditions, Keynes addressed labor demand. FDR, by paying NRA "employees" 10 cents a day to dump thousands of gallons of milk in ditches, was addressing aggegate demand, this did not help labor demand at all. Policys like this are what caused the Depression of 1937. Incidentally, I think the mistakes made by FDR are EXACTLY WHAT WILL PREVENT THIS FORM BEING ANOTHER GREAT DEPRESSION.Unemployment tops somehwere around 10%. (JMHO) CHUBBIE

Wall Street will not like this, but read what Reich says about what J.P. Morgan did in 1907, I agree with Reich, http://robertreich.blogspot.com/

The govt. will be the employer of last resort, stressing the money will be placed mostly in private hands for employment. Due to barriers of entry labor unions will benefit becuase its mebers are set up for highway maintenance, bridge repair. etc.. What people don't realize is how much of that money is eaten up before it even gets to the worker, much of it to feed an already bloated beauracracy. The second thing is it takes too long. (JMHO) CHUBBIE

http://www.craigslist.org/about/best/nyc/1004463995.html

In that article you will note that the last depression in the United States was between 1937-1938. In 1937 john Meynard keynes wrote a letter to FDR begging the president to stop his failed policys, (which were a misunderstanding of "keynesian economics")such as paying National Recovery Agency workers starvation wages of 10 cents per day.....KEYNES UNDERSTOOD ONLY TOO WELL THAT THIS DID NOT INCREASE CONSUMPTION, CONSUMPTION HAD TO BE INCREASED. Rossevelt chose to try and balance the budget and eliminate the twin deficits, the result was disasterous. the article I posted gives some attempts at "standards" of a depression,other economists feel that the '37-38 depression was a real depression and '29-33 was a panic, '37-38 certainly was powerful and expedient, that's the problem with what i was talkinag about by a govt. "misstep". Now look at this "stimulus" package...........(JMHO) CHUBBIE

http://economics.about.com/cs/businesscycles/a/depressions_2.htm

http://economics.about.com/cs/businesscycles/a/depressions_2.htm

Remember what i said about reviving international trade, protectionism is bad news, this could be the Govt. mistep as well, if Obama looks like he is headed protectionist Wall Street will not miss the sell signal, he has to come out and state he will not support protectionism, qick as possible. (JMHO) CHUBBIE

protectionism is really today's bad news, http://www.bloomberg.com/apps/news?pid=20601087&sid=a_WMQD3ZDdME&refer=home

several for months before the top, spring in a couple months and my housing bottom, look at the builders, plenty of positive divergence already. (JMHO) CHUBBIE

now, that concerns me, like i was saying about international trade and other countrys getting their house in order, " China is a sleeping giant,let her sleep, for when she awakens she will rattle the world" Napoleon Bonaparte

http://www.bloomberg.com/apps/news?pid=20601110&sid=aA5aleKl13to

Good for America, bad for GS and the boyz, http://www.bloomberg.com/apps/news?pid=20601087&sid=alJeSkFOeGXk&refer=home

http://gawker.com/5105737/ten-winners-of-the-recession

it is possible, but it would probably take a misstep by the governement for it to happen, they would have to do something that would remove all confidence in any kind of recovery prompting capital flight.also what is important to note that we have to have that synergy we enjoy from international trade restored, what other nations are doing to restore their financial house is equally important. (JMHO) CHUBBIE

PS. Nouriel Roubini has been on target so far, I do agee with him that credit card default will shortly follow, but I belive we are probaly 75% or more through with the banking crisis. The problem with the banks going forward is that they will be trying claim poverty in order to grab more money than they deserve.

incidentally, I think the housing market bottoms within 6 months, albeit an "L" bottom. with bounces. (JMHO) CHUBBIE