JI
jimkane
Rep: 3,058
Posts: 33,089
Starting it off. Let's hope for another week with what I think are sensational potential trading opportunities (even if they are scum bag manipulated longs, over and over).
JI
jimkane
Rep: 3,058
Posts: 33,089
Now 782, that's just a bounce of a little over 30% in minutes. I may become a bitcoin trader...
JI
jimkane
Rep: 3,058
Posts: 33,089
That low actually looks more like 585. It just hit about 800. About a 37% bounce so far. I expect it to take 1,000 out soon, pushing a 100% bounce soon.
JI
jimkane
Rep: 3,058
Posts: 33,089
The ES does look ready to rise and start making all the drop back. We'll see, but it sure looks ready, right from here.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'll just make a quick post then I'm back to bed. The ES weakened nicely, which I'm happy about. It was set to rise, it started to rise right from there, and just like the trading today, as soon as it made one push it rolled. I'm not expecting this leg will be as big as the one today, but it might be. It might even be bigger. But, I'm not ready to write the 'bulls' off just yet. I'll just see how it unfolds and looks for the opportunities that come up.
As an aside, if I had one wish, I've changed what I would wish for (assuming, of course, one were not allowed to wish for more wishes). I used to think I would use the wish for world peace. Now I would use the wish to remove all artificial stimulation for the market. That would be not only all Fed money printing, but also all of their balance sheet (they would be totally abolished), all fractional reserve lending, all 'artificial' credit creation (and remove all such credit that exists right now, the so-called 'shadow banking system'), as well as eliminating all 'fake' 'hot money'. This would include all the phony derivatives. The only money that would exist would be that which represented true goods and services produced. In other words, an honest money system.
The point of all this is not to crash the market. I don't want the market to crash or drop or anything. I simply want everyone to see what the 'fair value' of the market is if it was allowed to trade truly unobstructed, without fake money to pump it, without endless leverage, and so on (and if that is 'up', so be it). I just want to know where it would settle, and I want to actually see it settle there. Even if we had the most vicious bear market imaginable, we'd still have tons of hot money, tons of phony 'credit', and a fractional reserve system. Hence, wherever that bear led, it would still be far above 'fair value', and it would start the next major bull, so it would spend little time at that value, as it would start to rise rapidly and not be priced at least a bit better for long.
I want to see it get priced without any of that. I've gotten to the point where I'm 'greedy'. I could no longer be altruistic with my one wish. I need this for me, no matter the consequences. 'They' did this to me, they changed me, for the worse, as a human being. 'They' made me want to reveal them more than anything else I could wish for, even immortality. How sad they can be evil enough to accomplish that...
As an aside, if I had one wish, I've changed what I would wish for (assuming, of course, one were not allowed to wish for more wishes). I used to think I would use the wish for world peace. Now I would use the wish to remove all artificial stimulation for the market. That would be not only all Fed money printing, but also all of their balance sheet (they would be totally abolished), all fractional reserve lending, all 'artificial' credit creation (and remove all such credit that exists right now, the so-called 'shadow banking system'), as well as eliminating all 'fake' 'hot money'. This would include all the phony derivatives. The only money that would exist would be that which represented true goods and services produced. In other words, an honest money system.
The point of all this is not to crash the market. I don't want the market to crash or drop or anything. I simply want everyone to see what the 'fair value' of the market is if it was allowed to trade truly unobstructed, without fake money to pump it, without endless leverage, and so on (and if that is 'up', so be it). I just want to know where it would settle, and I want to actually see it settle there. Even if we had the most vicious bear market imaginable, we'd still have tons of hot money, tons of phony 'credit', and a fractional reserve system. Hence, wherever that bear led, it would still be far above 'fair value', and it would start the next major bull, so it would spend little time at that value, as it would start to rise rapidly and not be priced at least a bit better for long.
I want to see it get priced without any of that. I've gotten to the point where I'm 'greedy'. I could no longer be altruistic with my one wish. I need this for me, no matter the consequences. 'They' did this to me, they changed me, for the worse, as a human being. 'They' made me want to reveal them more than anything else I could wish for, even immortality. How sad they can be evil enough to accomplish that...
RA
rat89
Rep: 0
Posts: 7,015
beautiful confluence of fibs at the high there
Click image for original size
