[Vanity]

Originally Posted by mact3333

individual stocks is for the other stock mkt thread...this is the thread to actually see what will happen...just kiddin ya bro....

As noted before, weekly volume says no conviction to last weeks selloff...today was productive...bear flag pattern appears to be breaking up and forming bullish falling wedge pattern..."if" we clear 1175-80 we should see clear sailing to 1250-75 level....we need to jump the contracting wedge pattern though.

UUP just tagged the 200dma and needs to fall down asap...could be good for equities and metals....VIX showing topping pattern again which is bullish too.

But dont think bullish for too long cause imho, the bear is back on longer time frame.

I understand there's going to be resistance for the S&P at 1300 and support at 1100, but whats your opinion on seeing the S&P dip below 1100 for september?

[Vanity]

Originally Posted by mact3333

Now I have looked at charts and taken my time to review many things and have given many accurate views on here over the past few months...so I ask you guys do something for me...I would like for you to watch a 30 min animated video which explains accurately who the Fed Reserve is, what inflation actually is, how fractional banking works...without knowing this, you will NEVER understand the economy...dont think its too much to ask when considering how much time I put into reading the charts and the economy and posting my views here.

Let me know what you think about this simplistic yet profound video.

Damn Rothschilds. Damn Morgans. Damn Schiffs. Damn Rockefellers. :mad0 260:

[Vanity]

If s&p breaks 1190 we ought to see a bull rally for a while.

[rallysport]

Originally Posted by mact3333

Now I have looked at charts and taken my time to review many things and have given many accurate views on here over the past few months...so I ask you guys do something for me...I would like for you to watch a 30 min animated video which explains accurately who the Fed Reserve is, what inflation actually is, how fractional banking works...without knowing this, you will NEVER understand the economy...dont think its too much to ask when considering how much time I put into reading the charts and the economy and posting my views here.

Let me know what you think about this simplistic yet profound video.

I watched this a few months ago, loved this video!

[mact3333]

I loved George Carlin...so sharp and witty...too bad he passed....one of my fav comedians...that American Dream routine was

Originally Posted by Vanity

Damn Rothschilds. Damn Morgans. Damn Schiffs. Damn Rockefellers. :mad0 260:

[mact3333]

we should see a mkt reaction around 1185 SPX or 1178-80 ES...what it does there will determine the action for next few wks...initial reaction should be a pullback but if we jump that level longs could be in business for awhile...if not we will cont to chop and whipsaw.

[BMW//M]

Multiple news sources are saying that the European Union could fall apart because of financial instability. What would be a good hedge against this? SLV, GLD, inverses to the DOWJ and S

[mact3333]

Originally Posted by BMW//M

Multiple news sources are saying that the European Union could fall apart because of financial instability. What would be a good hedge against this? SLV, GLD, inverses to the DOWJ and S

If the euro collapses, yes gold and silver will be a good hedge.

[mact3333]

Hmm...we bolted right past resistance at 1185 SPX...that tells me something...tells me my long positions are happy for one....

[ES_TRADER]

HOHO.....money

[BMW//M]

Anyone think this might be a trap set by the bears? Or are we looking at s couple good weeks? I sold all my long positions yesterday and am kicking myself.

[ES_TRADER]

Originally Posted by BMW//M

Anyone think this might be a trap set by the bears? Or are we looking at s couple good weeks? I sold all my long positions yesterday and am kicking myself.

if we close this week postive and above 1170...id say we go up for another week or 2...decent swing longs...afterall, this is the 3rd reversal attempt and effectively a W so more up is likely....but of course, WWIII could break out and we just go crashing down but thats a black swan..

[Slops]

yeah the market picked up nicely today

[Vanity]

Is this gonna be another 1 week short term rally like all the rest or is this a different rally this time? I'm still sort or expecting the s&p to retract ground and go sub 1100 but not sus when

[BMW//M]

Time to exit longs if you have any. Four straight days of gains in a volatile market means you'll pare these gains Friday.

[BMW//M]

Netflix got hammered. Any news out of Europe that might affect markets tomorrow? I don't know how to judge the markets short term...

[BMW//M]

I'm going to enter a butterfly put spread on Netflix. You should try it out...
What I'm doing is:
Buy to open October 165 strike puts
Sell to open October 150 strike puts
Buy to open October 135 strike puts.

And I'd have a ratio of 1 for the 165 puts, a 2 ratio for the 150 puts and a 1 ratio of the 135 puts. Hope I make me some money!

[mact3333]

Gave the bear call on 9/8 before ES promptly fell 50 pts...then gave bullish warning(selling pressure should ease soon) on 9/9...went long at end of day on 9/9 at 1140 ES, ES now up 65 pts at 1205.

Any of you mofo's making any on here?....

[Vanity]

S&P must break and hold 1235ish next week. If not, don't be optimistic. Hopefully when the fed releases their speech on Wednesday they will announce QE3.


S&P sitting at 1216 at the moment.

[persian54]

Originally Posted by BMW//M

Netflix got hammered. Any news out of Europe that might affect markets tomorrow? I don't know how to judge the markets short term...

i was telling people to not buy it....those who didn't listen.... :/

they're like "it'll go to 250 in oct!" I'm like...no it won't...

[BMW//M]

Originally Posted by persian54

i was telling people to not buy it....those who didn't listen.... :/

they're like "it'll go to 250 in oct!" I'm like...no it won't...

Lol. I put a put on it as soon as I heard about their rate hike.

[Vanity]

Monday Obama will introduce new tax hike. Wednesday the fed will introduce (possibly) "operational twist", and Friday there will be a 190 country attendance for the IMF and world bank annual meetings. Hrmmmm, so many places for the economy to tank or go up lol......