ES closed strong and looks good for a strong start of the week:
However I'll be watching closely bearish ABCDs on the way up since long term questions remained unanswered yet:
JI
jimkane
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I refreshed, saw nothing new, and then worked on that post. And when I review it, I see two posts came in while I was typing. I guess I'm not it after all. Yes, roofer, unreal. This whole market is just surreal.
RO
roofer
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hell with it..lets just get the all time highs in the snp over with!!!!
RO
roofer
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will he bark.. will he puke on the rug.... hell if i know!is this the most pointless post i have ever made...?that i am sure of..
JI
jimkane
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Actually not, roofer. The post is awesome. It makes the point of the insanity of this market. One can only follow the tools to some extent, when they manipulation is so surreal, even the tools feel surreal. I truly think we may be heading for a collapse of the USD soon, and hyperinflation. And I think that is what they want.
The latest talk is that S&P will actually downgrade the U.S. debt from AAA as soon as June. Their report said a 1/3 chance within three years. Now it's a done deal in June? If so, all those pension funds and the like would be forced to sell. The dollar would be destroyed. Point is, there are some things unfolding that scare the hell out of me.
The latest talk is that S&P will actually downgrade the U.S. debt from AAA as soon as June. Their report said a 1/3 chance within three years. Now it's a done deal in June? If so, all those pension funds and the like would be forced to sell. The dollar would be destroyed. Point is, there are some things unfolding that scare the hell out of me.
JI
jimkane
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Okay, there's the new high in the ES for the entire recent move, as I just mentioned a little while ago. Of course there it is. And it did come right off that setup, as mentioned. Still long side bias. 'Too easy', no surprise.
RO
roofer
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ah the end must be near when roofer is willing to take long money....( i did scalp all day in stocks that set up short)
JI
jimkane
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I think it may head for the lower //, not even the ML. I've been thinking 35 since forever. Understand, though, this is really just an index against the Euro, which is by far the heaviest component. If the DX was going up, and the dollar going up against all currencies, the buying power of the dollar could still be going down, even rapidly.
All I care about is the buying power of the dollar, and if you look at gold, silver, oil, foodstuffs, cotton, etc., you can see what is happening to my buying power. This is true in all currencies, even the powerhouse Aussie. It's just losing buying power a little slower as it rises with respect to the dollar. All fiats are on their way out. Do they go together, or do they fall one by one in big explosions...
All I care about is the buying power of the dollar, and if you look at gold, silver, oil, foodstuffs, cotton, etc., you can see what is happening to my buying power. This is true in all currencies, even the powerhouse Aussie. It's just losing buying power a little slower as it rises with respect to the dollar. All fiats are on their way out. Do they go together, or do they fall one by one in big explosions...


