Well, will it gap up and make me cry (actually p#%& me off to no extent*...)? Can it keep running after going essentially straight up over 63 points? Will it blow out my great areas, as seen in rat's charts? Are the odds really what I think them to be, 0.0001% that it could go down here? These, and many other interesting questions, are about to be answered...
*Understand that I would be p#%&ed off to no extent not because I don't think this upside has been tradeable (I think it was highly tradeable), but because I want the market to be allowed to 'do the right thing' and move to fair value. I'm just sick (sick) to my stomach over this endless manipulation. The worse the situation gets, the higher the market goes, and the more the 'bulls' talk about how fair value is much, much higher. Ugh.
JI
jimkane
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Although there is one more area on the way up, I see nothing that will stop this before that 70-75 area. Then we see. Probably it's there when they do the jobs announcement, and then it dumps hard or explodes. My 'guess' is 'explodes'.
JI
jimkane
Rep: 3,058
Posts: 33,089
Now 19 off the low. Recall how I mentioned that was a serious area way back then.
JI
jimkane
Rep: 3,058
Posts: 33,089
69.75. Close enough to say it made it there (I doubt it's done, anyway). And it's not even close to report time yet. Oops, big burst up there, 70.50.
'As it is written, so shall it be.'
'As it is written, so shall it be.'
RA
rat89
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Posts: 7,015
and there is the news for cover for jim's price explosion.....close over spy 140 today?
JI
jimkane
Rep: 3,058
Posts: 33,089
Thanks for the compliment. I won't even bother quoting my posts. I 'knew' they would run it up. New highs for the move. Dead off a key area. Notice how they came in at a much higher level this time, and now are at a new high for the move. This tells me, along with common sense, that what I have been saying I was worried about is likely unfolding.
This overlapping swings grind up, the ultimate, perfect bearish 'W2' will break to the upside, and in doing so, will have a strong acceleration phase. This will bring it to new 'bull' market highs and then it can shoot for the new all-time highs in time for the election.
Imagine, though, if the ChairSatan does QE3 before the election (something many say is politically impossible), with a jobs number that is a total blowout to the upside, indicating the economy is doing just wonderfully. So, it may have to make its move without QE, just on the promise it's coming. And imagine the psycho doing a new QE with the S&P around 1,600!!! But they say it will happen. Can anyone say S&P 2,000?
I don't care any more, my job, as I mentioned before, is to have as many calls as my account will allow, at every dip I can find. BTFD, forever. I honestly think we will never see another bear market as long as I live, or until the day the Ponzi finally collapses. Been saying that for a long time now...
This overlapping swings grind up, the ultimate, perfect bearish 'W2' will break to the upside, and in doing so, will have a strong acceleration phase. This will bring it to new 'bull' market highs and then it can shoot for the new all-time highs in time for the election.
Imagine, though, if the ChairSatan does QE3 before the election (something many say is politically impossible), with a jobs number that is a total blowout to the upside, indicating the economy is doing just wonderfully. So, it may have to make its move without QE, just on the promise it's coming. And imagine the psycho doing a new QE with the S&P around 1,600!!! But they say it will happen. Can anyone say S&P 2,000?
I don't care any more, my job, as I mentioned before, is to have as many calls as my account will allow, at every dip I can find. BTFD, forever. I honestly think we will never see another bear market as long as I live, or until the day the Ponzi finally collapses. Been saying that for a long time now...

