sheesh, gold down $11 and there is little or no commentary or
news? i do not buy the dollar strength argument as recently,
since May or so, gold has been falling in tandem with the dollar.
can this be the JPM derivative blow-up problem and if so, why isn't gold surging? are the big boys smashing gold to save the banks? or is this the phase where everything is so bad even gold stocks get sold? here i thought with almost 100%
cash the past few days it would be ok to dip my toes into a little gold. its like the bear was waiting for me to put my head up and then, bam! added some mdg and gg at what i hope is the low for a few minutes but will exit before the close, hopefully for a good scalp.

http://quotes.ino.com/chart/intraday.gif?s=NYBOT_DXY0&t=c&w=60&a=8&v=i

someone working on the dollar?

thanks, that sounds more reasonable. i was responding to your assertion that: "they will for sure fall down to .01 - .05 range and will eventually go bankrupt"

zeev, excuse my intrusion, but, is it fair for us to assume that you have decided to make IHUB your primary posting home, at least
for the foreseeable future? again, we appreciate all you do.
thanks also to LG and augieboo, not only for your helpful and insightful investment related posts but also for your for
attempts to maintain some civility, order and reason here.

with all due respect, it is unfounded for you to claim that
every OTCBB stock goes to .01 and is then bankrupt. i have made thousands of dollars this year trading such stocks. in this category there are, among other companies,
some very decent foreign stocks.

http://stockcharts.com/def/servlet/SC.web?c=$BPNDX

I am still LOL at the header and therefore cannot provide any
serious comment. Zeev should take notice of how quickly you responded to his request. Thanks for your service

I am puzzled by repeated comments that this thread is unduly
bearish. I don't see it. I see many here that cannot wait to pick a bottom and can't wait for Monday to buy. Since the market has closed I have heard a number of pundits on the tube
exclaiming that they will be buying like crazy come Monday.
The $BPNDX closed @ 31 well above the recent low early in July
of 8 and way above the 9/11 reading of 1.00. A bounce may be near but MACD and other indicators on the COMPX and NAS
appear to be turning down and not at a bottom. Today was the first recent day there was a more violent decline. For the past few weeks (on a day to day basis)the decline has been more grinding and in fits and starts. I know a number of people who
have held all the way down and are still waiting to break even.
One has held CSCO from 40 and his broker told him to double down
@ 20. One of these days he will give in. The apparent sideways action of the COMPX and NAS is somewhat positive but classic TA holds it is a sign of continuation of the down trend.

george and ajtj99, politics aside, are you not concerned that
the mob mentality in Washington (from every persuasion) is
compounding the problems. politicians of every color have effectively declared war on corporate america. how can this be good? why should corporate management and investors alike not
have the urge to run for the hills. washington will kill the
golden goose on which all of us rely. they are applying medicine
that is worse than the sickness. the world is also watching
and what would anyone expect them to do when they witness
daily floggings of America companies and the media piles on
and emphasizes how much we depend on foreigners to fund our debt.
there are credible reports that anti-american types are urging
boycotts of anything American and it is clear that bin laden
intended to cause economic damage.
I further believe that many savvy trader types who wait for
crashes to swoop in and take advantage of J6P may be in for a surprise this time. good grief, Brian Williams on MSNBC just
announced this to be a "scary weekend" for investors. sorry for the rant.

george, you may be happy to hear that farley on realdemocratmoney.com is blaming everything on his insightful conclusion that Bush is "dumb as dirt."

LOL

i agree in general but there seems to be a number of players
here. did you see Maria bringing out a dog to cheer people up?

COT out - commercials increased their shorts on gold and silver.

back in gg and mdg for a 2nd ride

trying wtsla here @ 15.60

can any of you max pain experts shed light on the timing of the effect? for instance how long do the max pain targets playout
and what happens when expiration is complete? its amazing that
most of the 8 to 10 stocks i trade frequently are all gravitating
to the iq targets. is it fair to say that the max pain theory is
on this time? comments on the question someone raised about
option players having that much control.

thanks for your caution and i agree. i got in yesterday with
small trading positions. I have read many articles about the fact that in big crashes the PMs also get hit initially. i
was in earlier in the year near the lows and did well enough
that i can afford to gamble alittle now. i have been out of
the PMs for weeks and becoming impatient. i still have small
positions in bgo under .50, cde under a buck and hl under 1.50
and slglf @ .10. what are your thoughts about physical? i
have a small position in cef in the low 4s that i will hold as insurance and because taking possession is a hassle.

zeev, i guess brcm is an example of max pain at work. ig has
it @ 20 and low and behold thats where it goes

jnj was one of the last good dow charts. now it appears broken
and is assuming a topping pattern like the others. it may drop to the mid 30s and then work on forming a big H&S.

thanks for the good news

i know it will be a good day when i cannot access kitco.

gold up over 2 bucks and the dollar hitting new recent lows below
103.87. the dollar is falling below a long term trend line from
1995.

cramer's reasoning is convoluted and questionable. since when
is there a slowdown in defense? profit margins are growing and
business is booming. he presumes that every company in every sector and market has "massaged" the numbers. he admits he is "bewildered." the translation for "slowdown in strange
places" is his whining about loser positions. if you want an eyeopener read some of the horror stories on the yahoo message board for his company (TSCM) about people who have followed his advice. the only thing that is strange is that he is considered a guru.

hot dog. i reentered GG, MDG and RGLD just today. they appeared to be near the bottom of their pennant formations.

looks like they will run merq to 24 or so to fill the gap.
what a mover.

out of merq for 2nd .50+ trip

zeev, is this it for the merq bounce? I thought it could run
at least to 23.50

what is your current view on slglf? it is my biggest winner of the year. i picked up 50,000 shares @.10 and have been slowly selling out over .25. i sold most of my remaining position @ .45 and missed the recent top. i am still holding a few shares from .10. i do not understand the delay for the small 3 million dollar financing. how difficult can it be?
its been pending for months and management continues to give vague news releases? is the potential financing approval already priced in?

hope I'm not catching a falling knife, I'm in merq @ 22.50
also tiptoeing into gg @ 19.75 and mdg @ 16.50 for trades

got a dollar and a dime out of wtsla and .30 out of the qqq, 2 bucks out of lmt and almost 3 out of phtn along with others. what a great day!

zeev are you done with merq for the day? I'm taking another stab @ 23.80

amen to that. LMT trading like a Q'er. watch for possible H&S
1403 right shoulder on the comp; 26 right shoulder on the QQQ.
i'm back in for another gamble on the QQQ @ 25.25

in WTSLA @16.90 for a wild stab

big boys, mutual funds or someone is puking up the big caps.
look at WMT. talk about about a broad topping formation on the monthly. they are even selling the big caps with great earnings. someone needs to raise cash.

this fade is too much. maybe its just expiration games but i
have cleaned the slate to preserve profits. in the current market climate my number one rule is to take profits fast as they can evaporate in a heartbeat. even let go of my lmt for 2 bucks.

zeev, do we have to worry about max pain? IQ has MP for QQQ and MERQ @ 25, BRCM @ 20, QLGC @ 40. I chickened out and took off
my QQQ i bought yesterday @ 25 for .80

zeev, can merq make it to 29? I'm holding from 24 but it looks
like it is starting to falter. thxs

out kkd @ 36 for a 4 bucker. its also out of gas.

watch LMT for a run to 64-65. I loaded yesterday @ 58.

watch MLNM for a run to mids 13s, I'm in @ 10.50 and holding.