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B4 The Bell, Moonday, August 16


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What frightens me so is the nature of the move

No backing and filling. Just a straight up launch. The tiniest suggestion of selling is met with big bids.

Manipulation at its finest.

We have seen days like this so many times.

Who in their right mind is buying this garbage?

1060 was HUGE and thats why I covered there on Friday. They watch the charts as well and know when the black hole approaches.

The bounce was unimpressive at first so I reestablished only to get stopped this morning. So for now Ill watch the idiots blow their load and wait to reestablish shorts.

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Way too little volume to justify this kind of rally.

Justification? You're looking for justification?

 

Monday, Scam Week, Intervention.

 

What's volume got to do with it?

 

:D

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there is no doubt in my mind that this kind of tick action is not sustainable. Not sure how high they can take this pig on the bounce, but we are ultimately going a lot lower. Patience, and pick ones spots. As always it is very difficult on the short side, but with patience it can be very rewarding.

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Chavez has been approved by the people of Venezuela for the third time.

 

GWB's very public call for the overthrow of the Chavez reigme two years ago has well, not turned out the way he hoped:

 

Publicly, Washington has backed the referendum as a constitutional and democratic solution to the country's political tensions, but some US officials have unofficially viewed it as a mechanism that could bring about "regime change".

 

But a US official in Washington who specialises in relations with Latin America said yesterday that the administration now expected Mr Ch?vez to stay in power "one way or another".

 

"The US has put all of its eggs in the referendum basket, hoping for a Ch?vez loss," the official said. "Of course this is rather a risky strategy, since if Ch?vez wins then we are pretty much stuck with him since he will have been confirmed through a democratic process three times."

 

 

http://news.ft.com/cms/s/617debbe-e746-11d...000e2511c8.html

post-20-1092671636_thumb.jpg

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