And up we go...

With no comments, i let the chart speak for himself.

Million dolar chart

Up we go... sweet spot for q huge buying opportunity.

Update - Bullish configuration

We have a bullish configuration present. Facts:

Too much bearishness
Great Divergences
Completely oversold on daily

http://www.aaii.com/sentimentsurvey/sent_results

Just bought Nasdaq100 @ 2220.

H&S breakdown = short squeeze

Keep the following in your minds... every H&S on S&P500 that was breakdown, few days later major short squeeze... Now everyone again is talking about the H&S, the 1250 value, bla bla bla... Be carefull with shorts.

Long on S&P500, Nasdaq100 and Silver.

Failed move, fast move - UPDATE 19/05/2011

and i think we will go upside and really fast. Politicians are running out of time and they will try again to put the index up and pray to resolve something with that.

Has lot´s of times from the past, from failed H&S we have fast moves on the opposite direction and appears that will be another one.

So, let´s see if market rallies from now until SPX500 @ 1420.

UPDATE CHART NASDAQ100

S&P500 update - New Highs ?

Chart bellow...

Long SPX and DAX but...

For a small period of time... just playing the bounce, because i think we just started the deleveraging on indexes too...

Long DAX @ 7085 and SPX 1295...

Some Charts - AUDUSD and SP500

And the party continues like there is no tomorrow... the only buyer are central bankers, the volume is miserable...

Maybe one last push... who tha hell is buying @ these levels? Are people insane or what? If you are buying better be prepared to get out quickly...

Bear Trap?? or something else...

Today we had no volume day and we keep falling and falling and that is very strange... If tomorrow we fall quickly to 1030 area i will start buying has that point is a strong support one.

My guess is that we are preparing a short term rallie to 1100 area, like the one we saw in early September 2008 before prices colapse. Let´s see if this plays out or we had quickly to 990/1000. I am prepared for both cenarios.

During vacations update

I am on vacations so the updates are minimum. I have some short positions open that i look for on the end of the day. By this point there is no way i will close them, because this is way to bearish. My short term target is on 990/1000 on SP500.

Bounce and bye bye?

I have little time because i am packing for another trip. This market is due for a short term bounce, to 1095/1105... For now i am long and in that area i will start open shorts again. Seasonality is very poor for stocks, economics are a scam and stock market configuration way to bearish.

Weekend up - The bear is back and hungry

This market on Friday rolled over where was suppose to do it. I will place some charts where we can see the resistance points and now we could have some nasty downside coming, due to seasonality and extreme bullish sentiment.

We are way worse than 2008 because now states are BANKRUPT thanks to the world insane leaders and their stupid keynesian measures and running to a double dip recession and depression:

ECRI Plunges At 9.8% Rate, Double Dip Recession Virtually Assured - ZeroHedge

You could see some nice posts on the following:


Weekend Update - Red Dragon Leo

07/16/2010 Market Recap: The Bull’s Hope - Cobra

Weekend Charts and Stuff - Danerics

Canal S&P500

http://www.bloomberg.com/news/2010-07-15/goldman-sachs-to-pay-record-550-million-to-settle-sec-subprime-fraud-suit.html

After this those who believe in SEC and others alike are total insane. What a SCAM this financial market turned out.

Charts update

Market seems exausted and maybe will start rolling over tomorrow or in a few days. Carefull longs.

http://etfstocks.typepad.com/markets/

Sold longs, buying puts

Later i will post charts but appears that we will have a short opportunity at last to 1040 SPX500. If more serious than we will take out the lows.

One day @ a time in this market.

Long FAZ 15.02, Short Nasdaq100 @ 1822.

This market appears with few upside left, so continue with shorts and will buy more tomorrow.

Contraditory signs

For one side we have divergence on MACD, for the other we have the death cross and lower highs and lower lows. Let´s see what will happen on 1100/1120 zone. My guess is the start of a new sell off, but...

For now i keep my longs on Dax, India and Silver.

Now what?

The question is now what? The regular situation would be, we are oversold and due for a rallie, but what i am seeing is lot of complacency and relax from the bulls and bears that are convinced we are gonna have a rallie to 1100 where they can exit or reload.

The crashs happens in oversold situations and this is getting to similar to the crash of 2008. But, one day @ a time. My guess is that we are going to have some kind of relieve but not what majority expect... not a great bounce, only a small one and before you notice kabumm... But hey, in this rigged market everything is possible.

Bearish consolidation

We are doing some nice bearish consolidation near the lows... Me not liking.

The path i think markets will do short term

We are oversold and due for a small bounce, bringing more buyers for this rigged market, before it crashs. The economy is going to crash itself because all the stimulus that Keynesian ASSHOLES like krugman like only bring more debt that is poison for an economy. This Ponzi scheme that is borrow and spend is coming for an end and thanks to the politicians it will be painfull.

One thing that i liked a lot was the woman called Merkel told Obama to piss off, we are not going to spend more, we are going to save. Maybe for that reason DAX is one of the few index on the green this year.

This market is way too dangerous and anytime could crash hard. There are no positive news on the economy and a double deep is GARANTED. I will leave you with some charts.

I have only two questions

Where is the volume and how can anyone with rational mind trust this rigged market? Good luck trading.