Ugh...

See... I just saw some bears capitulate.....

It' keeps me in my chair watching this...

but I mean... shit.. the market at least needs to hit the 5 min 20 EMA.... LOL

if you want the bear slope of hope

Pisani just declared the correction over...

sometimes you just can't help

but to get short, and say well if it makes a new high I'll puke it.

update

I did some Computer maintenance and it cleared the historic data on my stock charts....

LOL... no joy in that.

I'm dying to know if anyone but futures traders and fools are going to buy this move.

Nothing would surprise me....

good old Hyperinflation trade... er price appreciation trade. Maybe we can get Price Hyper-appreciation.

1.510

It's an impressive move out of the Euro....

it's a long way from 1.49 to 1.50.

I have no read... MAYBE MAYBE MAYBE you have another nice Flag, but we won't know till the trade channel is broken.

and Squawk is all about Healtcare, and comcast.... Thank god for the uselessness of CNBC... without that there would be no constants in my life.

I wonder if you can get CNBC to shut up about GE stock, since none of the CNBC kids will own it..... maybe it could go up in the next 10 years..... I pity Comcast stock

Orgazum

Well, Let me start by saying "Why the Hell Does everybody on CNBC Europe, make the CNBC staff Seem Retarded... I'm sorry, I mispoke... Make the CNBC staff look like ignorant morons. They ask such great questions."Not sure when I heard a conversation about the Chinese PEG on the Yuan from 6-8pm.

Futures up 80 or up 10 on the spx

I suggested to tony that, I'm not sure you want to even think about being short the market till you see sub 1.49 on the Dollar Euro.

Then you should stick to thinking about it. And if we make a new high in the Euro, all bets are off.

Which doesn't mean that after the open, and they short cover, then the futures traders flip their trades through 11pm, that it won't be the top.

Overnight the MEME is all Dollar, and the Weak Currency BLA BLA BLA Meme the whole world seems to be about the weak dollar.... But it feels like an Orgazuming Meme.

and if you chose to short, I'd be scalping. Seems like if a Meme was peaking, this would be it....

You just have to see it get out of the trade channel, before you get very excited about being short.

We will see about the open, but There is no chance I can bring myself to even scalp long at this point. I hear everyone talking about a greater fool in equities, and I feel like I'd be setting myself up as one. I may just call it a day.

Glenn Beck

Word on the street is that there is something about Glen Beck and the Rape and Murder of a Young Girl!

He is not denying it, by his own logic, it must be True!

to be serious, Point is; why would you take someone serious, When they use such ridiculous tactics? He thinks you are that STUPID!... and you just may be!

A chart with comments.

Yellow EMA 60Min 20EMA

Blue EMA 15min 20EMA

Green Line Bear Flag.

Brown/orange Arrow "Trade of Last Resort"

Red Horizontal line. 1066 resistance Breakout point.

In sort of red/pink, We have what MAY MAY MAY MAY MAY!!!!! be a 2 swing Bear Flag. But we don't know that until it has traded (for some time) below that green line.(and blue arrow) The actual Red Horizontal line is the Trade of last Resort. This doesn't look very convincing as a Pullback and Go, as one would expect from a "Breakout"(Also Yellow Arrow), But to give the other side of the coin it's due. I have yet to see a reversal pattern above it(Brownish Arrow). In Candle theory, we also don't have anything to Hang a Bearish Cap on.. I would say if we can get below that line 1066 and hold below it, that would be some Very Bearish action... I of course would also prefer that we don't make a new high.... There is a chance this is some kind of complex Head and shoulders reversal(above the trade of last resort) on the 5 min, and this is a complex left shoulder. This is all easier to play on the other side or if we see it get below that "Breakout"

That blue EMA is the 15 Minute 20EMA, and looks to me like the next time it's tested it will break, and we will move to the Yellow EMA which is the 60min 20EMA(Red Arrow), I would expect if the 15 20EMA can be broken then there will be a bounce off the 60MIN 20EMA... I wouldn't be surprised if this Corresponds to the Test of the Bear Flag in Green, But this could happen as late as Tuesday.... I would expect after it bounces off the 60Min 20EMA it may find resistance on the 15-20 and it will be a Failing Bounce, This is probably the good Short entry as the market comes down a second time to the 60min 20 ema and Breaks through, and we will have an official Bear Flag.

or I'm wrong.

The Peso

since the UUP is messed up, the comperable level in the dollar/euro... or is it the euro/dollar?

is 1.485 Friday's close was near the level we were watching on the UUP of 22.50, and I'd guess dollar bulls will need a more significant closing level.

and it's hard to put a specific number on it...

House Democrats pass health-care bill

http://www.washingtonpost.com/wp-dyn/content/article/2009/11/07/AR2009110701504.html?nav=rss_email/components

After months of acrimonious partisanship, Democrats closed ranks on a 220-215 vote that included 39 defections, mostly from the party's conservative ranks. But the bill attracted a surprise Republican convert: Rep. Anh "Joseph" Cao of Louisiana, who represents the Democratic-leaning district of New Orleans and had been the target of a last-minute White House lobbying campaign. GOP House leaders had predicted their members would unanimously oppose the bill.

<

I do want to point out that, the world socialist website... does not have this... if you are looking for some kind of proof of socialist conspiracy. That the real socialists did not stay up to wait for the vote is just about it.

MOMO

Well, With the friday short covering, etc.... seems like we are all out of MoMo... Flatening 20EMA's etc... Still a chance for a Buy on the 60-20ema.

Of course... just to give a bear something to worry about...... We did close a week above 10K.... LOL

Colbert Vs Rain

A Dance off!

Stephen Colbert vs Rain - Dance Off
by stephencolbert

If I was into EWT

I could see that as sort of a Wave 4 of an ABC... or sort of wave 4 of the C wave of the ABC...

Hocus Pocus.. but trading below that wave 4.... I would say is significant.

the tendency into the close on a friday is for short covering... so I've covered myself Heaven and Hell...

I would point out

the lack of distance from the 15-20EMA and the 60-20EMA

gap fade with froth

BUT AGAIN... 5 min Retest!

here is the breakout

Apparently Brian Westbury, Who I respect BTW, has a new book out "What it's like to be one of the most wrong economists on the street" Here is the breakout point

88 Minutes

Murder Mysteries... it's not fare that I understand game theory better than most movie producers, and Second that I'm not a moron.

If you don't know its a movie with Al Pacino In Seattle, the successful forensic psychiatrist and college professor Jack Gramm is in evidence since...

If you don't know jack Gramm is a play on the Silence of the lamb character... or Red Dragon, I forget who writes the books... Thomas Harris(looked it up)

But... I figured it out in the first 10 or 15 minutes.... No Kudos to my brain, I'm guessing it was just THAT BAD!

Well I think...

That we have a nice looking Flag. declining volume Bla bla bla..

Deutsche Bank AG (DB, DBK.XE) said Thursday that the PowerShares DB US Dollar Index Bullish Fund (UUP)

=DJ Deutsche Bank Halts Issuing New Shares Of Dollar ETF

. . By Ian Salisbury . Of DOW JONES NEWSWIRES .

NEW YORK (Dow Jones)--Deutsche Bank AG (DB, DBK.XE) said Thursday that the PowerShares DB US Dollar Index Bullish Fund (UUP) had run out of new shares and wouldn't be able to issue any more until it gets clearance from the Securities and Exchange Commission.

The move could lead the $822 million exchange-traded fund, which helps investors bet on the U.S. dollar against a basket of foreign currencies, to trade at a price that is substantially higher than its underlying value.

A number of ETFs that follow commodities like oil and natural gas have also had to suspend issuing new shares amid worries speculators are driving up commodity prices. It wasn't immediately clear why a currency fund would face the same problem.

-By Ian Salisbury, Dow Jones Newswires; 212-416-2241; ian.salisbury@dowjones.com .

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary You can use this link on the day this article is published and the following day. . .

(END) Dow Jones Newswires

November 05, 2009 14:09 ET (19:09 GMT)

messed up 3 push here