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JI
jimkane
Rep: 3,058
Posts: 33,089
Am I the only one excited? Ready to go? The Greek elections are too close to call, but absolutely nothing indicates in any way any need for 'coordinated action' from central bankers, or any additional money printing. Nothing whatsoever, in my opinion. But, and here's the rub, the insane part: the market is expecting the printing.

Now, if they don't get it, the market would be inclined to go down. This would be 'disorderly', not in that it would be truly chaotic i.e. big selling, just a small decline of say a few points, and anything considered 'disorderly' justifies more money printing. So, I suspect we'll have some printing anyway, now that they announced it 'if necessary', and the market going down if they don't get it would make it 'necessary'. See the insanity of all this?

So, I expect a big pop on that announcement. In reality, this is set up as the mother of all 'sell the news' events, especially after that crazy pop into the close and good-sized additional run up in the SPY after the futures close. We shall see soon enough.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, highs at 57.00 six ticks away.
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jimkane
Rep: 3,058
Posts: 33,089
The market should literally be collapsing here. Instead it is ramping aggressively and destroying shorts all the way up. To me, that's pure government manipulation. Make the suckers believe no QE is a good thing.


Originally posted by rat89

uso tagged the lows.....wouldn't the biggest surprise be a massive move up?
JI
jimkane
Rep: 3,058
Posts: 33,089
Another shot at a lower high. Just sell, already. Geez.
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jimkane
Rep: 3,058
Posts: 33,089
Watch the bullish ABCD here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Crude selling nicely on the tick chart.
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jimkane
Rep: 3,058
Posts: 33,089
Watch crude and ES for a bounce right in here... Clue time.
RA
rat89
Rep: 0
Posts: 7,015
iwm pullback, wow.....thank you jim for the .447
JI
jimkane
Rep: 3,058
Posts: 33,089
Just sell already, stop teasing.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, knowing that one, and how to use it, I think it's been very useful.

Originally posted by rat89

iwm pullback, wow.....thank you jim for the .447
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jimkane
Rep: 3,058
Posts: 33,089
C'mon, sell!
RA
rat89
Rep: 0
Posts: 7,015
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