Just over three hours... I can't wait. Got lots of ideas of what may happen.

Anyone get the feeling they are trying to get traders out of the market? I do. Take all their money, which they enjoy, and remove them all from the game, which is their desire. I have to wonder... And I wonder, after they do absolutely zero to anyone for this, again, which brokerage is next? And after that? Until they are all gone? I know I tend to be a worrier, but this is just insane.

wish I knew....seems like the emperor's new clothes

it's interesting how the setup is so perfect for a new high up there in the area from 8739 - 8841 for a 1.27 or a larger 1.128....not to mention how the area it's at feels so key to send it down...

ABCD at super key lines at this 44.75. Very big decision here.

Here's some of the thoughts I have, nicely summarized for me in this article, and this should be food for thought for all those 'bulls' calling for new highs. One thing that I found interesting is what if they plan to dump this straight through to the election, to take O'Bummer out? I still can't see it because I think 'they' love him, he's such a great puppet. But I'm wondering...

And would the Fed allow a drop to 880 or 1020, or wherever on that 'No QE3 until after the election' mantra? Would they really drop it that much? I guess if their masters told them to, as part of their grand plan. In hindsight it will seem so obvious what they did, but right now I'm not sure what their plan is...

http://www.zerohedge.com/news/guest-post-election-year-2012-two-landslides-making

This comment has some food for thought. But, I think it is irrelevant/flawed because Bern-Qwacke is also a puppet, and he doesn't get to make big decisions like this. Still, it is a curious thought.

http://www.zerohedge.com/news/guest-post-election-year-2012-two-landslides-making#comment-2601004

Yet another ridiculous GZ bounce. These guys never change...

watch that little abcd....if that was a bull trap it was a beauty...

Watch these areas. It could hit the first one today. Oh, and what was the bounce up? 56.50. Hmmmm, good guess on my part, huh?

Posted-07/08/2012 : 17:20:00


Originally posted by jimkane

On the downside (hah, like that is possible, right?) I have a key level at say 21.50-22.00, and a level above that at around 27.75-29.50. In the broadest sense, given the timeframe the levels come from, this is all part of one area. Again, 'somewhere in there'. But, as I joked above, is there even any sense to looking at downside levels? The 'bulls' tell me no, there is no sense to that at all, especially with that Friday ramp and close at the high tick. Now, anything is possible, and I could see this bouncing to say 54.75-57.00, and I would actually prefer that, but then I'd like to see it start back down. The downtrend would still remain technically intact to me even if it bounced as high as perhaps 68, but I'd rather not see that.

It's not out of the question that this could have yet one more push up, but I'd really hate to see it. To make me happy from a technical perspective that was the high we just saw there. Those 'bulls', though, they think their Kung Fu is strong, and maybe it is. Hard to buck someone who has trillions of dollars in manipulation money in their corner. Like I said, this may go up until the collapse. And, if it is a hyperinflationary collapse (it may be), then, like Zimbabwe, the market may be the top performing market in the world, in nominal terms, of course, as in real terms it will likely be way down.

Anyway, I won't post areas overhead of the same degree as the downside ones I just posted, in keeping with my 'I like to only post areas in one direction' concept. The areas I posted overhead are of lower degree, to be thought of as possible bounce points on the way to the lower areas. Keep in mind, I am just posting areas for basically one scenario, and I'm very quick to adapt to what is unfolding and what I see. But, I won't post both sides so as to avoid the semblance of the 'It could go up, or it may go down, and on the other hand (like the three-handed economist) it might just stay the same for awhile...' syndrome. Regardless, we'll know soon enough.

That being said about 'today', this needs a bounce real bad, as that has been vicious selling since the high, so unless they remain relentless, it could bounce and roll and not get to the area(s) until aftermarket (assuming it gets there at all, of course).

Ridiculous, pathetic market. 37 minutes of action, and then over six hours of nothing. Sure, it was a grind/ride until close, but what fun is that? Sure, if one was long he or she may have had around five more points potential riding for over six hours, but a pay rate of less than a point per hour is pretty pathetic. Lots of risk exposure, and very little gain. But, mostly just crazy boring.

They blow their whole wad in a half hour. Idiots. Just plain idiots. As you can tell, even though I am of the opinion that all this craziness still seems to follow the tenets of the methodology, it doesn't mean I don't get quite upset when they are just so stoo-pid all the time. Okay, see everyone Sunday night, where I expect, as usual, drum roll, please... a gap up. Long live the bull, and his partner in crime, the ram.