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rat89
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I have nothing to say, but I'll kick off the week's thread
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jimkane
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Posts: 33,089
I'm not expecting any kind of dump today, actually, I'm just having some fun. This market wants to move up so bad any news at all makes it go nuts. I doubt any more bad news will come out of Cyprus before the Fed does the pump and dump tomorrow. But, you never know. I don't see how, but the Fed may hint at slowing down, and the market wouldn't like that. Since my view is the Fed can never slow down (and in fact will speed up), the only reason they would hint at a slowdown would be for some type of game. Drop prices a bit and then bring them up, who knows. It is possible that they may grind this down, then up on the Fed meeting, but honestly I don't have a clue. I just know 10-12 is quite an area, and I hope we see it.
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jimkane
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Oink. Oink, oink, oink.... ... ...Oink.
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jimkane
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Posts: 33,089
They really do want to buy it (bid it up).
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jimkane
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One thing to consider, although it seems like a long shot, is that this is in the CD leg of a bigger bearish 'W2' ABCD.
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jimkane
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Posts: 33,089
10-12 area: Here, Mr. Market.

Mr. Market: No. I don't wanna.

10-12 area: Sure you do, Mr. Market. It won't be so bad. Just c'mon. It won't hurt.

Mr. Market: Yes, it will. You're just trying to trick me. Once I go to 10-12, you'll want more. I remember 2008.

10-12 area: Would I do that?
RA
rat89
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jim, you're too funny


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rat89
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well....here we are....


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jimkane
Rep: 3,058
Posts: 33,089
The triggering event is soooooo close. Any time now (I mean this historically, the trigger might be 1-3 years away, or tomorrow...) and the whole thing goes. Can't wait to see when it goes if the Dow goes to 1,000,000 (ala Zimbabwe), or to 'fair value' at say 3,000.

http://www.zerohedge.com/news/2013-03-19/guest-post-real-reasons-why-liberty-movement-preparing-fight

http://www.economicpopulist.org/content/war-savers-heats
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MarcinO
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rat89
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marcin, your D up there is like a magnet
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jimkane
Rep: 3,058
Posts: 33,089
Bah-dah-dum, the Vegas rimshot drummer goes.
(And yes I know it is commonly called a rimshot but technically it isn't at all...)