14 days left

It's comming...

Up Here in the north country... Well sure some of you live further north, but we run 9 Thousand feet in altitude... ok it's 4 thousand, but in 10 minutes I can be at 7 Thousand feet. But here where we trudge around in the snow in the mountains, The Above Columbia bugalite boots are the thing to have.

But let us not badmouth a Great Pare of Sorel Conquest boots. Both are the Ultimate snow boots, and they look good, and you can brag to all the people in the office about them. Even if you are just Puddle jumping in the office parking lot or pushing the snow blower around on your sidewalks.

In other news, Some people were very excited about my salesmanship on some Fleece Crocs, Either that or somebody took pity on the sad nature of my Christmas outlook. Good to see, somebody is buying stuff this Christmas.

Declaration of Independence

Declaration of Independence-

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. —

American. Exceptionalisum...

So Dick the Douchbag Cheney was talking about how our president was aiding and abeading the enimy, by allowing KSM a Trial.

This is the difference between a Left winger and a Right winger. The Left Believes that when they say ALL MEN ARE CREATED EQUAL... UNALIENABLE RIGHTS. And that this applies to everyone, that the Rule of Law Applies to everyone Including Non Citizens. That though we may not have the same rights in other countries, that Our Rule of law applies to even non Citizens. Part of our American Exceptionalisum is that we Believe in Human rights for Everyone. So when this Schmuck takes that away, he ... LET ME REPEAT DICK CHENEY IS DESTROYING U.S. EXCEPTIONALISUM!

The Puke and Hope trade

This is the puke and hope trade.

• There are people on the Breakout,
• Futures are down some 3pts on the spx.. we open, and they start puking.
• Sell off about 5 SPX points... and all the ones who are going to puke have done it....
• Then it rebounds Trades back toward the Breakout point,
• all the traders who didn't puke have their fingers crossed... "omg....LORD!!!! If we can get back there I'll never trade again."
• we get close to the breakout point and they start selling, all the Prayers are left unanswered, and the selling continues.

Either that or the shorts blow up at the bell, buyers come in and we are off to the races...

the question is

are there a ton of traders on the breakout... just to be pushed into "Hope or Puke mode" on the morrow.

SMH

Semiconductors for Prosperity! any idea what the P/E of the SMH.

Tony is talking targets

We have 2 targets merging, the 50dma and the thanksgiving low... I'd say that is a probable target.

how can it happen!

How is it that we can sell off... Everything is fine right?

*wink wink nod nod*

AOL Time warner

I'll just say, I knew better than that one when it happened... So... TV and AOL... And somehow they will merge.

But if only AOL could trade Freely... AOL is more useless than, JDSU and what is the telco out of europe...

Damn... they are just selling the shit out of it this morning.

I wonder if it will get their attention.

Grumble grumble

I was thinking the other day;

The Cost effective thing for Us to do is this;

• Allow age discrimination, because of healthcare and lay off everyone 50 and over, unless you Really Need them.
• This will Force the baby-boomers to spend their remaining retirement cash on healthcare until they are 65.
• Fortunately, they won't be able to afford it. Then they can just Die! Heart Attacks, or whatever, Before they hit 65

But now... well now, instead of either costing the insurance companies money... or the better option"Them to Fucking Die!" like the Freeloaders on our society that they are.

We can put them on the Public Tab, So I can not only pay for My insurance, and all the fat asses and people eating at fudruckers 5 days a week, and drinking 2 gallons of soda a day. I can also pay more in taxes.

And I have no doubt that, even though we may get some people in their 50's off my insurance pool.... THERE IS ZERO chance my Premiums will go down, Which of course I'm mandated to pay for now, and there is limited chance that the insurance will actually cover an illness.

I will say it again, the best thing would have been to let the Republicans destroy the plan, and walk away and blame them for every healthcare problem until there was a 75 member majority in the senate.

BTW.. Most of this is a Tongue firmly in cheek Joke.

ugh...

I'm in a crank about the healthcare thing, It's like something that gets worse and worse.

Yet more Lemon Capitalism . Privatize the profits socialize the losses.

spx 1400

Talking head talking about how the bagholders are at 1300-1400 spx range.

Looks like the insurance companies have negotiated with the congress to get an even bigger win. Even more of the sickest on the public system, and the Healthy on the private system.

I'm still waiting for the "If you are sick, you are on the Public system." and "if you are healthy you get private insurance."

but we are very close.

New Tiger Video

The treat is at :20

.

The question is Will the marriage last the week

well

They don't even know this is going on.....

These had me on the floor

Gun or Run!

So much for flat Futures.

It is nice that they barely notice.

I've tried to meditate on gold and where it's going....

all I know is "I fucking hate gold"... More to that point! I own nothing with gold, of gold or Looks like gold.

Not much to say

I'm enjoying flat futures. Shows to me that the futures traders have given up, and decided we should fight it out on the ground.

Back to bed.

Really... I don't know, Feels like sentiment is waining.

There are only a few more trading sessions(week or 2) till the volume goes to nothing.

Overall most people are positive on the market

they are looking

for that 14:30 pivot

well

I sort of have to concede the bermuda... since it's not...

but... She looks like she is fading...

Small Caps and energy

that is what they are trying to rotate into..

"If the economy is recovering.... Oil is going back to $200!!" is apparently the MEME

grinding away

It's like dry-humping resistance

Hardest thing

about referencing that as the "T" word... is saying it out loud.

THAT IS ALL I'M saying.... "IT IS HARD TO SAY IT "

;)

I win. But the thing to eliminate is the "Bermuda Triangle", which can be played...

Either that or as Dan suggests; Might be a better day to read a book. ok... maybe I suggested it.

Word out there is...

we have a building Green MEME....

I'm wondering if some of these retarded stocks will outperform the market for a rotation.

I have never in my life tracked "Green" stocks, I'm all about green air and water. But Always thought it was lame as an investing Theme..

Maybe Giam and LuLu Lemon will come back... I don't even know the tickers...

Anyone with "Green stocks" give me the tickers and I'll look at them, Maybe work up a post.

Morning

My quick read with no charts..

many sectors are finding some buying... but with no rational Theme or rotation.

Example... xle is strong after opening Weak. so many things are moving against oil right now. but for some reason it's trying to outperform.

realestate is weak, but banks are strong... smh strong iwm strong...

either things will all strengthen or we are getting my Morning buying, as the Greatest fools move in, then a sell off.

So crazy

HIV-positive New Zealand man pricked his sleeping wife with a needle

According to the court documents obtained by the newspaper, the husband discovered he was HIV-positive during health checks when the family arrived in New Zealand in 2004.

But she said that in May last year she found "a sting-like mark" on her left thigh and two days later awoke to a stinging feeling in her leg.

She said she also saw her husband handling a syringe full of his blood.

The problem with natural selection.

Is more; that it doesn't get enough of them.

A teenager suffered a critical skull fracture when he fell off a car hood he was riding on in the Riverton High School parking lot Friday night, police said.

"Him and his buddies decided he should ride around on the hood of a car," in the lot at 12476 S. 2700 West, said Salt Lake County sheriff's Lt. Don Hutson. He climbed on and cruised for about 50 yards until the driver, a schoolmate, slammed on the brakes about 10 p.m.

The driver needed to be injured too. "this will be funny, I'll slam on the breaks and he will go flying..... it will be like a movie!!!! hahahaha"

Dollar/futures

W have heard some of the big upside targets for the index, and there may even be hints of people excited about a "Massive V" recovery.

1.48 is the euro breakdown point, which it's now toying with. and futures are down a bit but with fair value they are muted.

Lets not get too excited.

we may see an inside day.

Goodness Tiger

Ride! Sally Ride!

Mustang Sally, guess you better slow your mustang down.

You been running all over the town now.

I guess you gotta put your flat feet on the ground.

The dead horse

... Just to beat this again.

No chart, but we have a Downswing... and technically we have to see an upswing.

My sentiment read is good, seems like we are about 90% we are going higher.

Climate debate..

There was something to twitter, which I thought was mediocre. There were points in it that, weren't said with Rigor.

This Whole Climate thing.. The best thing I've read, that sums up the Mind Numbing nature of the "lack of controversy"

Comes from Acephalous:

Needless to say, I don't envy climate scientists the tsunami of stupid they're about to suffer.

Roughly he spends 2 pages parsing out the word "Trick"....

Strange how those that don't understand Math or Data, don't understand English either.

Dana Milbank-Moron!

Dana Milbank- has a Charming Piece on the Washington post:

Basically... Liberals didn't get what they want on Afghanistan... and are going to cry!

Some parishioners in the Church of Obama discovered last week that their spiritual leader is a false prophet

If you want to read it... go there and find it, I'm not going to help anyone read his crazy bullshit.

At one point some of these morons will realize; it's The Right that believes in "Spiritual Messiah-esqu leaders", Or that are Naive enough to believe that they should just go along with every decision the President makes like a.... Dare I say it... DITTO HEAD! Most people on the Left are Realists, I mean Hey... they believe in Evolution, Science, Rationalism, and not Unicorns and Jesus, and Messiah's. Clueless... Read a book! Right wing Morons!

This is the kind of stuff that kills me, but it would be redundant to point out that Yes, Dana People on the Left think differently than they do on the Right!

Most the liberals I know applaud the president for doing what he thinks is correct, instead of "Going with the Base"....

To be honest... I'm dying to hear the story in the NYT or the POST!!!

"OMG!!!! OBAMA IS A CENTRIST!!!" the Liberals elected a CENTRIST/MODERATE politician!!!! OMG...

but they are so fucking caught up in saying "HE IS CARTER! or HE IS LBJ!"... that they are Blind to it..

OMG!!!! the RIGHT WING IS BLIND!!!! YOU MEAN, THEY HAVE THERE HEADS SO FAR UP THEIR ASS THAT THEY DON'T SEE THE FORREST FOR THE TREES!!!!

Useless facts... well we can call them that.

... I found this site.

301 Useless facts, but interesting. I do wonder; Why I find them interesting.

• 6. Your stomach produces a new layer of mucus every two weeks so that it doesn’t digest itself.
• 10. The dot over the letter “i” is called a tittle.
• 12. Benjamin Franklin was the fifth in a series of the youngest son of the youngest son.
• 14. A female ferret will die if it goes into heat and cannot find a mate.
• 21. Each king in a deck of playing cards represents a great king from history: Spades = David ; Clubs = Alexander the Great ; Hearts = Charlemagne ; Diamonds = Caesar
• 22. 40% of McDonald’s profits come from the sales of Happy Meals.
• 29. On average, 12 newborns will be given to the wrong parents every day
• 34. Playing cards were issued to British pilots in WWII. If captured, they could be soaked in water and unfolded to reveal a map for escape
• 43. If you sneeze too hard, you can fracture a rib. If you try to suppress a sneeze, you can rupture a blood vessel in your head or neck and die. If you keep your eyes open by force, they can pop out. (DON’T TRY IT, DUMBASS)
• 53. Coconuts kill about 150 people each year. That’s more than sharks.
• 54. Half of all bank robberies take place on a Friday.
• 57. The first bomb the Allies dropped on Berlin in WWII killed the only elephant in the Berlin Zoo.
• 61. Bruce Lee was so fast that they had to slow the film down so you could see his moves.
• 65. The mask used by Michael Myers in the original “Halloween” was actually a Captain Kirk mask painted white, due to low budget.
• 67. The phrase “rule of thumb” is derived from an old English law, which stated that you couldn’t beat your wife with anything wider than your thumb.
• 73. The first product Motorola started to develop was a record player for automobiles. At that time, the most known player on the market was Victrola, which Motorola got their name from.
• 80. 28% of Africa is classified as wilderness. In North America, its 38%.
• 81. Charlie Chaplin once won third prize in a Charlie Chaplin look-alike contest.
• 90. The Guinness Book of Records holds the record for being the book most often stolen from Public Libraries.
• 91. Thirty-five percent of the people who use personal ads for dating are already married.
• 104. People photocopying their buttocks are the cause of 23% of all photocopier faults worldwide.
• 110. Everyday, more money is printed for Monopoly sets than for the U.S. Treasury.
• 117. Wearing headphones for just an hour will increase the bacteria in your ear by 700 times.
• 131. Two-thirds of the world’s eggplant is grown in New Jersey.
• 132. For every memorial statue with a person on a horse, if the horse has both front legs in the air, the person died in battle; if the horse has one front leg in the air, the person died of battle wounds; if all four of the horse’s legs are on the ground, the person died of natural causes.
• 138. Almonds are members of the peach family.
• 147. “101 Dalmatians” and “Peter Pan” are the only Disney animations in which both of a character’s parents are present and don’t die during the movie.
• 149. Hedenophobic means fear of pleasure.
• 187. Donkeys kill more people than plane crashes.
• 220. Al Capone’s business card said he was a used furniture dealer.
• 254. People say “bless you” when you sneeze because your heart stops for a millisecond.
• 259. The bestselling books of all time are The Bible (6billion+), Quotations from the Works of Mao Tse-tung (900million+), and The Lord of the Rings (100million+)
• 266. Johnny Appleseed planted apples so that people could use apple cider to make alcohol
• 291. Stephen Hawking was born exactly 300 years after Galileo died.
• of course the most charming fact would be that the list of facts is probably more urban legend

bla bla bla

sort of a 3 push... bla bla bla about that....

I do want to say, that the sentiment observations today, were solid, and not the sort of marginal sentiment we have had for the past few weeks.

Tons of optimism out there.

I do want to talk about the psychology of the price action.

• After the past 3 days you would have to be Fucking nuts to hold shorts into the close... Or would you?
• That Mutual fund monday meme... seems like there should be some people anticipating that too. It would be interesting if it went sour on them.
• I also suggested, that if we have a series of down bars.. there is no reason to chase this first one.

I do want to say... that if you are in a range trade, it's like when you are in a Pennant, and you get a Break out and it hits the target, and that ends up being a top. I don't see a range trade to be honest, but....

Here are your Headwinds

So, they have this Mutual Fund Monday Meme going, so it should be playing it out at this point... people will start to anticipate it... and factor it into trading.

so ... Maybe some of the buying is anticipation of it....

but then of course ... maybe it will go bad for "Them"

It seems to me like the bears won't be out of the woods till monday morning resolves..

I suggested this earlier, in comments, and I bet it would have helped if I had said it on the blog.

Denialism

He was on the daily show, Looks like an interesting book.

Only 24 days till christmas is over.

Hey! I saved you the "Kindle is the great new Holiday gift."

Dollar Sentiment

I posted the thing about gold and 1200 from ZeroHedge, the Rosenberg targets have been put out.

I was reading this from Global Research online... which is sort of an Armageddon newzmax. Anti Globalization, 7th seal of the apocolypse... Talk about your Raindancers.

The Fed has to do one of two things: They either have to pull $1.5 trillion out of the system by June, which would collapse the economy, or face hyperinflation. This is why the Fed has instructed banks to inform them when and how much of the TARP funds they can return. At best they can expect $300 to $400 billion plus the $200 billion the Fed already has in hand.

There was also a piece about how hyperinflation wasn't good for the economy by doug Kass...

Point is... I mean... fucking hind site at this point, but Sentiment on the dollar was as Bearish as I've seen...

supported by a bunch of mental cases... Sorry, Doug not you...

WOW!! I'm not checking out enough TMZ

the Tiger Woods "Grand Theft Auto" video's

this one is in engish



Funnier I think in chinese

volume

some big time volume today.

I don't know if that is good or bad.

Leadership

to be bullish we need something..

SMH

can't be the hyperinflation stuff...oh... sorry REflation with the strong dollar..

I WANT TO BANG THE TABLE THAT, ON MY TV RIGHT NOW MARK DOES NOT WANT TO WORRY... HE WANTS TO JUST KICK BACK AND ENJOY THE GOOD NEWS.....

IF YOU ARE OUT OF THE WALL OF WORRY ... WHAT DOES THAT MEAN?

Sold to you fuckers!

see if I can get blown out!

At least short term...

see

this is all behavioral.... I like to break things down to Caveman terms...

When we were cavemen how was it like this. Was the market efficient, and the cave men counted the ammount of calories in wheat at the market vs Beef? or did they just like shiny rocks?

Traders thought they knew something going into the NFP... Then on Thursday, they got nervous.

now they are all Game on again!

Comon tony

I need the spy 119 forcast!!!

have to laugh here...

smh

at fucking infinity.. that is the ask

wow

santelli says rally through the new year...

art cashin says rally through new year....

of course doug Kass says spx up less than 5 handles today

ok....

this is a good reason for whoever to deploy the rest of their cash..

Who knows if it will go today or monday, or if the unthinkable will happen and we will sell off on good news.

what I do suspect is that the "noise Traders" will step in and buy it, and those who were short will be puking.

I'd have a 6 foot Election, if we sold off on good news!

Minus 11K NFP

WhooooHoooo!!!

21 days till it's over

How about a nice Pair of Fleece Crocks!

Save $20 when you buy 2

Perfect gift for people you don't respect!

For Fucks Sake

it's funny the auto fill for my titles ... well, they are the same most of the time.

Jebus

For fucks sake

ah oh!

they all just auto fill.

Before I take my Bows for yesterday's Near Perfect market call..... which after boasting will probably reverse and shove a red hot poker up my ass....

I want to thank macro man, for pointing out that:

In any event, every man and his dog has SPX 1121 on his radar, which is the 50% retracement from the crack-smoking subprime 2007 peak to the cyanide-swallowing 666 lows in March of this year.

Then not so much Tony for mumbling it under his breath for 3 days.

I do want to point out that my life would be easier if Macro man would just sort of grumble and mumble more.... He just seems to be a polar opposite of what I do here.... which is more like "Fire Bad"... "Vix Good!"... "Dollar Lumpy"

Thomas Friedman

Just gave the stupidest answer to a question I've heard in quite a while.

To start off with it doesn't look like he is an economist... but apparently these days.. being a pretend economist is the new black. Right Niall Ferguson?.. Creepy when you can't find a clear Degree in a Biography.

but I think he is Married to an Economist... so he has that going for him.

But I digress...

On Hardball, Chris asked him "So are we going to Double Dip?" Let me start that... Chris seems to think he is an Economist.

this was the answer:

"Well, i doubt it... But there is this 'Uncertainty'... so if we can Clear the Cloud of uncertainty. Then maybe we can have a slow recovery."

Honestly... he should get an honorary 2 handed economist degree for that answer.

I just suspect that the 'uncertainty' is just that HE DOESN'T KNOW!!!

still not confirmation

another 30 minutes to go....

we will see... But realize NFP is + - 20 pts on the SPX futures.... that will be fun

For a rupublican

I like Judd Greg

I do have to say

Doug Kass has Cursed a top...... He has Called it

ARTICLE

Time to Sell (RealMoney Silver $)

By Doug Kass

While recognizing that I sound like the boy who cried, "Wolf!" -- I would be reducing invested positions now.

Re-Tweet

alphatrends... it's hard to be bearish with the SMH making new highs...

We shall See!

you don't deserve any chive but....It's Christmas

Oh no!!

ISM shows Contraction!!!

Prior	Consensus	Consensus Range	Actual
Composite Index - Level	50.6	52.0	51.0 to 52.0	48.7

and retail

Morons

Senator Jim Bunning..... IS A FUCKING MORON!

Joe Kernen... is too stupid to listen to this morning.

dolar euro

Just to point out my Sentiment of being "Destabilized" again... and all the possible premutations in market response to that sentiment

let me also point out that my Euro/dollar chart also looks like a nice little 3 push.

We will see!!!

First on CNBC

apparently ..... NBC is being sold off from GE. BTW

the deal is going off roughly as NBC had suspected... based on their contacts at ....NBC...

COULD CNBC COVER THIS IN MORE DEBTH!!!

This is like me, thinking every crap I take is Blog Worthy!

and trust me... it is!

So where am I...

I guess I have to give you Assholes a chart.... because I owe you something.... Right..

Futures right now have us up at the White arrow. On this midday attempt at a failure(red arrow), we had a ton of volume which says to me, that at least somebody thinks they know something about the NFP.

Overnight my suggestion of a Bear flag, in the Euro... Well... not so much. And I can now look at it as a consolidation, and a very nice move to the upside for the Euro... somewhere in the 1.54 range. As I suggested yesterday, ok... it may have been through my special Newsletter. It's good to be Cautious here.

But it seemed like Everyone was a bit destabilized as bears yesterday, and seems like Maybe I'm a little destabilized today. So I'll stick with the technicals.... and will suggest that yesterday's pullback could have been a solid Wave 4 move, and we could have a nice wave 5 through some form of NFP action.

It's not impossible for it to be on a different day, but most swing highs or lows tend to be monday friday tuesday.. But Just to be a fucking Punter, this doesn't mean it couldn't happen on a thursday.... sort of a "big NFP anticipation" and it just doesn't meet our expectations.... Or it does... and we still sell off.

sorry.... I just have the Christmas Spirit.

and on that tangent... maybe I'll just avoid all christmas movies this year. Usually I indulge in a little of "The Ref"

Love actually

or Christmas vacation

But... I think I may I'll just avoid anything Christmas related, and get a perverse thrill out of trying to push products on my blog readers.

Cause .... BABY JESUS loves the Capitalism!... Seriously if there was a "God" or "Jesus"... how fucking twisted is it that the birth of the lord and that "god" would allow it to turn into this bullshit!

Afghanastan

If you get a chance, watch the fronline "Obama's war"... I could link to it but you aren't fucking retarded, you can Google for it.

Just to start... win or fucking go home!

Soldiers are no good at nation building, they have Zero Skillsets for it. The platoon LT. or Sargent, has about Zero patients for trying or figuring out how to win over some fucking "hagie" or "towel head" or Sand Nigger.

The state department has less understanding than Steve Grasso of economics, which is what nation building is. It's not building Sewers, or Roads. You have to know what the country is ready for, and help them build something sustainable. My point is... it could be something as crazy as building a Church/School.... Western Civilization... dare I say... with blood coming out of my eyes. Christianity was helpful at certain points.

There is concern about pushing Al-Quaida into Pakistan, and that somehow this will corrupt Pakistan. Ya... not so much, I'd liken it to pushing the Militant Christians, into Boston. There are enough Empowered woman, and I hate to point out Pakistan is as close to a democracy as there is in the middle east.... DID YOU KNOW THAT! So making them a problem of "Boston" is sort of like making the roman Catholics deal with their ignorant cousins. Instead of letting Boston dump them off in the south.

Putting a time line on it....

that Douchbag karzai ... as long as he knows we are going to keep him in power... he isn't going to work to stabilize the country... there is nothing in it for him. But if we put a timeline on it.. and he knows that it's shit or get off the pot day for him... either he gets things under control or he loses the country, and all his bullshit power... He will do it.

but if he can keep us on the Dangle....

Feels like

this market is just waiting for the greater fool to step in...

awwww COmon!!

it can't be this easy

the fly is "All IN"

Of course some how he is Legging into positions and out of cash

seems like

we have had a downswing and now this is the upswing...

and we will see how it resolves.

this sets up

as a Shooting star, on the daily.. assuming it doesn't come rocketing back.

this bar

that was your aggressive entry.... first target previous high.

WANT... WANT!!!

Want to see an inside bar..... THIS IS NOT AN INSIDE BAR!....

and IF IF IF IF IF IF IF IF IF... the pulback is to the breakout...

THEN WE SEE!!!!

amzn

amzn...... in fucking hope mode aren't you!!! nice volume spike here though!

lets talk dollar euro

there was a 1.5150 high on the 25th

We had a swing low on the 27th of 1.48

now it looks like a Bear Flag

Failed swing high, which is breaking down..

and to further my case... They sure aren't talking about it!

it popular nomenclature that is a lower low, and MAYBE a lower High.

Update

So I have a "Linda Buy" on the 15 which should give us the right shoulder here.

then we go down and fuck with the 60

Dollar stregnth

what they aren't talking about on cnbc.... is the dollar strength

what we might have

is sort of a Head and shoulders on the white line... or a complex head and shoulders.

time to GO!!!

Comon bulls!!!! YOU bunch of fucking Homo's.... time to buy it up!!!

I apologize to gay people everywhere by disparaging the slur... but if you knew them.... I think you would agree... Closet cases!

sign tony up for 119 on the spy

which is of course only about 4 more pts on the spx, than the high we just hit.

WHOOOOHOOOO!!!! BREAKOUT!!!!! Right????

Living longer.

"If you resolve to give up smoking, drinking and loving, you don't actually live longer; it just seems longer." -clement freud

VIDEO: Tiger Woods' car crash re-enactment

VIDEO: Tiger Woods' car crash re-enactment

Market read

I'm trying to get something out there...

everyone has busted out the slide rules and calculated upside targets...

Bla Bla Bla

Je... it was only Monday and the world was going to end... now it is all liquidity driven bla bla bla into Jan 1 when we will promptly crash....

we hit the last near term high and pulled back, which is perfectly normal behavior.

normal uptrend would be sort of a pull back, as we have had since noon. and for us to reverse and make some new highs. Deviations from that ... would show a deviation.

to be bearish one would want to see an upswing which fails to make a new high....

Then you want to see the next pull back, then another upswing, which fails.

Interesting in the notes I've received from the mid tier investors, that make me think that even if dubai isn't a reason to sell.... it may be a reason not to deploy new cash.

The other thought ruminating in my brain is if there is anticipation of a positive NFP on friday.

Trade Accordingly.

Funny and true.

Excessive Bravado sentiment

Look at this over the top sentiment from Zero Hedge...

Gold hits $1,199.43 overnight, a whisper away from the limit cover orders at $1,200 that will take gold to the stratosphere and will prove to Sideshow Fred that gold is the real deal, and that the Fed has lost control of excess liquidity.

What a joke! Every time I see these jokers, It makes perfect sense why they are unemployed in the financial industry.

some kind of test of top to play

so.... just looking for something to play

First on NBC

the Soleies... or what ever the name of the crashers is...

Well, they are so delusional that they think that

"our lives have been destroyed by this event."

so you decide to gate crash the white house.... AND YOU ARE THE FUCKING VICTIM..

GIVE ME A FUCKING BREAK!!!!!

and MATT LAUER... IS SUCH A SOFTBALL ARTIST!! HE DOESN'T CALL THEM ON IT!

I'M SO IRRITATED AT THE NEWS THESE DAYS!!!

24/7 TIGER WOODS

and NBC UNIVERSAL MERGER!!!!

swings

down swing... upswing...

we don't know anything until we see the next swing....

and if we make a new high.... then we need to see 2 more swings after that.... a down swing then an upswing.

ah!!! oh

needs to hang on..

I wonder if the dubai thing ... may keep some bulls with their horns in...

market has to earn it now

back to bed

Not really... but...

wow! first on CNBC.... some dumb ass wants to own NBC universal.... if only....

It's just the worst and most covered story on CNBC... I mean Great.... just shows how out of touch CNBC is... "CNBC!!!! IF IT"S NEWS TO US!!! IT'S NEWS TO YOU!"

and that we have spent 3 months without a day gone by talking about it....

so...

I should spend the morning reading... or napping..

There it is.

Futures up 7 or some such bullshit.

this will shake them up.

I'll say it again, the market wants to catch everybody 20 pts on the wrong side of the market.

Worst thing that could have happened to the bears was Dubai... which got everyone bearish.

This should do what it does... which is make all the bears puke and get the bulls engaged. The problem here is that we need to see something on the technical side. It's an upswing on the 65 minute. We'd like to see a bear flag or something to play..... I guess you can play something based on sentiment after the blow out open....

but that is super high risk.. and better for scalp trades and you are really just fucking around.