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.
Everyone nows or should now that developed countries are fucked near term... But something is strange in the markets and i don´t have certain that we will crash soon.. why? Because everyone is expecting that and oil is on the center stage of discussion... if and when kadafi steps out markets will rallie and oil will fall hard near term.
For now Nasdaq100 is doing a nice H&S but since 2009 every H&S is furious buy opportunity... so be carefull short term and expect violent reactions either way. Stay open minded and bull or bear what we want is make money...
While the BANANA republic market of USA can´t correct even 0.50%... It is getting ridiculous serious... Forex is giving good signs...
AUDUSD is getting started the way down and EURUSD just pausing before returning to sell off. Here are the charts.
NASDAQ100 i am shorting with FOREX profits... when the plug is pulled it will be fun... remember 2008? 2 weeks to wipe out 5 years of gains... and the famous flash crash... in minutes wiped out months of rising... carefull in this rigged market.
Well... this just keep rising and rising, until it don´t. Bernanke is keep this market rising, and all commodities as well and while the markets rise more families starve... thanks bernanke... for putting millions in starvation.
Next year unemployment will EXPLODE because companies can´t keep firing people supporting the fall of margins, so next step is terminate the company...
EUR/USD just keep sliding which is great for nasdaq100 companies export to europe, Bonds just keep falling which is great for usa economy because yields rise.. the world is fucked up.. big time... hope all of you survive what´s coming next 2 years. Give regards to bernanke when things get real bad.
This market is very dangerous... remember that in 2008 market wipe out 4 years of gains in 2 weeks and in April in just a few minutes market wipe out months of rising... this happens when market is pumped by fed, banks and HFT´s... when a market rises more the worst the economic data... one word for that WTF... Be carefull in this market because before you know it things get complicated and you can´t go out..
Market is doing the same action as in April, when was pumped everyday a few points, market couldn´t go down every, until in a few minutes panic mode.. i have the tape where the traders were in panic and i bet that will happen again, but this time much worst, the stockmarket will close.
Just adding shorts @audusd and TZA, FAZ, nasdaq100 and SPX500... one day @ a time on each pump, until the reality check...
Markets everyone agree are totally broken. The solution is trading according to POMO operations, because easy money cames @ the market ramping stops. It´s the only thing that ramp stocks nowadays, so in POMO days we go long, others days short the market. My guess is that maybe we go up some more, bringing even more bullish to the market and then...
Look @ this picture, seems to be a H&S inverted.. if we broke to 2055/2060 the rest of the bears will be afraid and out of the market, the rest of the bulls will go all in thinking wow this is unstoppable... but think again.
This market is due for a crash soon... bullish sentiment is on the roof although the world is on the verge of colapsing trough debt... but people don´t care and just keep buying because the fed is pumping the markets... And when the fed crash the market because they will, they need, the exit will be too small.
Economical news are all bad and the double dip is a certain. Central Govs trying to avoid the deflation, that is something necessary to our way of living becomes afordable, are pumping and pumping prices... Gas prices, stock prices, etc, etc in order to creat an ilusion and give "confidence". Tha hell the confidence, what i want is that prices adjust to reality, f... morons.
My guess is that, we are going to have a down weak, looking @ theses charts, i shorted nasdaq100 @ 1872 today during that insane pump from the PPT. These market is irrational and will end bad, very bad. The question is when, not if.
I can´t post during this week, so good luck trading in these completely manipulated market.
Look @ the last chart to see the bubbles created by the central retarded bankers. All ended bad and the little guy was left to hold the bag.
At least for a retracement :) This market is WAY WAY overbought, Extreme optimism about the idiot stress tests and the market near huge resistance points. Shorted the market from these point.
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 people, hope you did fine these days. Today the market showed how fragile it is and Dow Jones couldn´t capture 10.000 points. Nasdaq100 is also very weak and had lost an important level.
Fundamental and Technical this market is due for a huge fall, and has you can see we have no significant supports until the 900 area. Let´s look if the robots will go crazy and crash this market once again :) It will be fun to watch (and profit).
I will leave some charts, that are more telling than a thousand words.
This market has lost some important support and the next 2 days are the 2 more bearish days of the week... How nice...
I leave one question... How tha hell someone listen the FED and Bernankes of the world? They are liars and/or Stupids. They don´t know jack about economics and only work for corporates. It makes me crazy someone give credibility to these guys and listen what they have to say. THEY WERE WRONG ALWAYS... someone please stop this madness.
ndexes are on a point where they can fall big time. Look @ the charts. Let´s see how this week bring to the markets, but loosing their support it will be fast.
I want to warn some people that are relax and enjoying the buy the dips scheme to be carefull in the next few days. Market is very heavy and the so called secret weapon plan from Europe was nothing more than what USA done last year, that lead to super debt. The so called plan in nothing more than a disgusting keynesian plan that is trying to solve a debt problem with more debt... we all know what this will lead us. Bankrupcy of course, because Ponzi Schemes are Ponzi Schemes, and they all end bad, period.
Forex is telling a lot about the plan and about what politicians are doing, blaming the speculator, but the speculators are the politicians, that are gambling with our money, throwing it to the air, praying for something good to happen. Big time BS...
Gold and Silver are too telling the same story, and i present a silver chart, that i think is on the verge of explode... compare the GLD chart and SLV chart and voila.
Now the indexes, today were testing the 55 and 21 EMA and was an awesome opportunity to short, because next time, i guess tomorrow, that we will break 1140... we will dinner in hell.
And BTW support this blog by following it. Click on right column button. Thanks.
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