ned “the qqq bandit” riley was bottom pumping again this morning. siting the put/call ratio & imminient short squeeze. unfortunately ned fails to understand that any rallies will be sold after a short period of time as there
are no positive divergences for this market and no bottom until we have seen capitulative sellage on a wholesale basis. market psychology has evaporated into vapors of volatile fumes wafting thru mutual & pension funds around the globe… no wonder the dollar is strong, it’s end of quarter pension fund proppage.
sir alan, you have lost control. opened the mail yesterday… new visa card with a generous limit.
i didn’t actually apply for this visa, i had two several years ago and cancelled one. the risk boyz decided “more credit” should continue to fuel their chilling growth story. i refused the card, but no sooner was i about to hang up when the operator chripped, “ i just transferred that
limit to your exsisting card… “
this type of credit priming all exsists outside of al’s funhouse, he has very little control over the one arm bandits of credit. the liquor wagon pulled up in front of the drunks house and is now soaking his house in booze.
don’t lite a smoke joe…
we have managed to reach a historic low (44 year low) on ust’s.
the june sellage in gold is now becoming a serious problem for the funds who ejected to buy equities. “sell the winners to slow bleed the losers”: typical behavior as now they want back in badly and are basically getting blank stares from goldbulls.
