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Posts
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Shorted 1976….
vold, kts, (probably system 81a – triggers every day lately)
ftse 5500 target (ftse guy my brother follows)
Turd’s monthly Death Candle chart. I think those two moving averages will have crossed = down over coming months overall.
I think the worst is a nuts rally that gets sold off again. If a ktb appears I’ll reassess but they have been lame or been sold off immediately in this bear move.
The credit chart posted above suggests as low as 1750 (halfway would do)
I haven’t got charts but from memory of Oscar charts the 200 and 252 ma have been broken and may now be back kissing underneath those lines.
Bear market indices. S&P needs to go sub 1650 to be in a bear (look at walmart today – it is dire) There is no way in this world the spx is not headed into a bear. So it has to hit…when? Dunno. Force me to guess I reckon into 1700’s this month, feb rebound before reversal to 1650. Transports, Russell2000 are in a bear. It is only the mega intervention buying of the Netflix, Apple, Amazon, Google crap that has high index weighting that is keeping spoos up. Amazon is 800x earnings. Worse than year 2000 nonsense.
Have a great weekend once again, and hope the crooks don’t false flag some poor bastards to cover their evil tracks…. I can’t help thinking that they will do something and blame someone else. They will say ‘heh the economy was so good we raised rates but xyz happened’. Evil doers!
Dan – you’re the man!
I know it’s bimbo CNBC, but,
This is not 2008-it’s actually worse http://www.cnbc.com/id/103308501
Have a great weekend all – as I said last night……..”bring on down Friday, down Monday” – half the job done. Will look to short @ Sun evening open
Ok something else of interest:
that table of big dow moves… Will post again for ease of reference.
9 of the top 20 down days were in 2008/9 but curiously (or not) so were 10 of the top 20 up days.
So in this bear move, one has to be on guard for vicious up days as well as stonkingly fabulous down days….
11 pages and 150+ posts – a record?
There is a correlation here – the more
we post, the more it goes down………
I know, I know – night night ??
http://www.bbc.co.uk/news/business-35337420
Gulf shares fall sharply on oil fears after Iran deal
It’s surely too obvious that Oil tanks further on Iran adding to over supply glut – or perhaps this is what pushes it down to mid 20’s?
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