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jimkane
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Look at this 'W2' junk. Crazy. It's just about time, too, for it to make a move out of it. But, with the futures close imminent, this is going to be interesting.
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jimkane
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This is really interesting.
http://www.zerohedge.com/news/2014-10-02/what-4-market-drop-all-time-highs-does-investor-sentiment
http://www.zerohedge.com/news/2014-10-02/what-4-market-drop-all-time-highs-does-investor-sentiment
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jimkane
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Amazing how they swept it down and are now gunning it up. Nah, haven't seen that before...
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jimkane
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Range high now taken out. I can't see this turning around, so I think the HOD is next. I have this one pegged for a big jump from here. But, all one can do is form a premise, manage accordingly, and let it do what it does.
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jimkane
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I think this is a great post outlining why I am so distressed all the time. I totally disagree with what he says about going to another country, though, especially Europe. They are in worse shape than we are, so great, right now they have a better standard of living (tell that to a young person in southern Europe...). It's going to blow up even worse, so soon they will be fried, too.
SE Asia? Take a look at Hong Kong. And what happens when China and Japan go at it, or China and Taiwan. Oh, and how about all that radiation from Japan, you know, the stuff they say is all gone? I read something recently that said Tokyo was at 1,600% their usual radiation level. But most sources say it's at the same level as before the earthquake. Yeah, uh-huh, sure it is. So, no thanks on the rest of the world. Just like they joke that we needs Mars to bail the planet out now, we need someone from some other planet to let us move there. I see no hope left here at all.
http://www.zerohedge.com/news/2014-10-02/guest-post-america-grim-truth
SE Asia? Take a look at Hong Kong. And what happens when China and Japan go at it, or China and Taiwan. Oh, and how about all that radiation from Japan, you know, the stuff they say is all gone? I read something recently that said Tokyo was at 1,600% their usual radiation level. But most sources say it's at the same level as before the earthquake. Yeah, uh-huh, sure it is. So, no thanks on the rest of the world. Just like they joke that we needs Mars to bail the planet out now, we need someone from some other planet to let us move there. I see no hope left here at all.
http://www.zerohedge.com/news/2014-10-02/guest-post-america-grim-truth
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jimkane
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BTW, that post is originally from April, 2010. So, I will say that it wasn't as clear then to the untrained eye (it was clear to me, as my many posts from that time period indicate) how bad Europe was, and so on.
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jimkane
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I'm really curious on this one, was that just a double stop sweep for something to do, or is it the start of something. Very interesting action.
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jimkane
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Is this dip here a buy spot or a sucker trap? I get a strong feeling it's a trap. Mostly the time of day, I'm not sure anything big is going to happen right now...
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jimkane
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Yep, buyable dip. Sweet. I mean, the play was long off the sweep, as discussed in here many times, but to have a nice dip, too, and have it go off that, it's pretty cool.
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jimkane
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Anyway, that's what I'm talkin' about. HOD stops run, any long play is now in a fantastic position, and things are looking quite good. And 51-54 (and possibly as high as 57)? It's waiting right there to give us more clues. And maybe even give us a dump, although I think after today's stunning reversal they might have some juice for Friday. Either way is fine with me.
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jimkane
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The generals are leading, and the troops aren't following. This, usually, is a very bad thing.
http://www.zerohedge.com/news/2014-10-03/market-breadth-has-collapsed-around-world
http://www.zerohedge.com/news/2014-10-03/market-breadth-has-collapsed-around-world