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PyurAureo

Wallpapered Wallstreet

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I'm thinkin that if the dollar gets bought here up to 81 then the commodity consolidation is probably gunna take a further hit and that probably won't lend support to Mr. Widget. World markets pound sand since Jan. 11. Lack of demand will bring in more pounders.

 

X marks the spot - Jan. 11

http://www.StockSharePublishing.com/ChartL..._1264562682.png

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In the spirit of Shorty: Mr. Market can go pound sand - and so can the bernanke nomination. I call upon the Ghost of January past to trend Mr. Widget below the Nov. 9 gap.

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Too much bearishness. :ph34r:

 

everyone expecting a rally for Ben and the State of the Onion, then down.

 

Where's that bullish overconfidence we need for more down?

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My Mr. Widget preference is for shorter cycles to make a thrust through the 5 day cycle and bring price with it. Maybe everyone is waiting on the nomination with lack of demand for the next two days, then watch for potential short cover on Friday. Just thinkin.

post-326-1264566890_thumb.png

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How do you know?

 

I don't know. It is my belief. Here is the bottom line. The congress is deathly afraid to take responsibility for doing anything. Most of what they do is driven by inertia, short term group dynamics, and obscured in the minutia of bills they don't even read. The defeat would be their baby. They are being told if they reject something very bad could happen, right away. So inertia and confirmation is highly likely.

 

What fun it will be if he isn't.

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My Mr. Widget preference is for shorter cycles to make a thrust through the 5 day cycle and bring price with it. Maybe everyone is waiting on the nomination with lack of demand for the next two days, then watch for potential short cover on Friday. Just thinkin.

 

Or mebbe it's jus good 'ol Deus Ex Machina

 

a64c9efc-09dc-11df-8b23-00144feabdc0.jpg

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