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Good grief just been trying to play catch up. A big spike the last five minutes on the Dow? UFB. We're still dancing around 8300. Nothing to see here. Probably a new entertainment zone. Doc you trade price patterns? Cool! Bars or candlesticks?

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H8 just released. The credit is down $78bln for the week. This is after a bad CP release 2 days ago.

 

The April is shaping very bad, much worse than March. It will take few weeks before April stats will shape out and those folks will be surprised. Crapvision was talking about recovery all the March and April. Guess what. March was a recovery, April is when the next stage of this recession starts.

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H8 just released. The credit is down $78bln for the week. This is after a bad CP release 2 days ago.

 

The April is shaping very bad, much worse than March. It will take few weeks before April stats will shape out and those folks will be surprised. Crapvision was talking about recovery all the March and April. Guess what. March was a recovery, April is when the next stage of this recession starts.

 

Commercial paper:

 

Feb -107

March +38

April -154

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With apoligies to the Monkees and Pleasant Valley Sunday.

 

Another Happy Print Friday

High fives happening everywhere

Wall street faces that are all the same

And no one seems to care

 

See Mrs. Gray she's proud today because her funds did zoom

Mr. Green he's so serene, He's got a printing press in every room

 

Another Happy Print Friday

Here in status symbol land

Banksters complain about how hard life is

And americans just don't understand

 

Creature comfort goals

They only numb my soul and make it hard for me to see

My thoughts all seem to stray, to places far away

I need a change of scenery

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Yesterday, between 3:59 and 4PM ET, over 81,000 ES contracts changed hands. Today, between 3:59 and 4:01PM ET, over 88,000 ES contacts were traded. That’s roughly 20x the average per minute volume during the course of the day. During the past few weeks, I’ve also noticed some extreme volume spikes on the 1-minute NQ chart at critical support levels. Yesterday, Obama described Chrysler as “a pillar” of our industrial economy. If Chrysler is a pillar, then surely the stock market is nothing less than a keystone in the arch of our national economic security and should be buttressed by whatever means necessary. If you think this sounds silly, it’s probably because you’ve never sat in meetings where multi-billion dollar defense programs were pitched to the brass-hats, spooks, and assorted gubbermint bureaucrats who “keep the world safe for democracy.” I have – and I can tell you that selling a price-keeping program to them would be a slam-dunk. :ph34r:

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Yesterday, between 3:59 and 4PM ET, over 81,000 ES contracts changed hands. Today, between 3:59 and 4:01PM ET, over 88,000 ES contacts were traded. That’s roughly 20x the average per minute volume during the course of the day. During the past few weeks, I’ve also noticed some extreme volume spikes on the 1-minute NQ chart at critical support levels. Yesterday, Obama described Chrysler as “a pillar” of our industrial economy. If Chrysler is a pillar, then surely the stock market is nothing less than a keystone in the arch of our national economic security and should be buttressed by whatever means necessary. If you think this sounds silly, it’s probably because you’ve never sat in meetings where multi-billion dollar defense programs were pitched to the brass-hats, spooks, and assorted gubbermint bureaucrats who “keep the world safe for democracy.” I have – and I can tell you that selling a price-keeping program to them would be a slam-dunk. :ph34r:

 

Baby fundie managers selling the glorious back-slapping month-end gains of April?

Baby fundie managers trying to get in on da low of May 1st for a repeat stellar month?

 

(Hey, they have short attention spans!)

 

Or

 

Administrayshun and the wallstreet are more tightly bound than ever, they print and we march.

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Yet ANOTHER Trader Joe "bottom picker" stock (as posted on this board last year) is about to join the "up 100% club"

 

Really....

 

Does it get any easier than this?

 

Seems like only yesterday (actually it was Nov & Dec of 2008) when bottom pickers were being chided by some as being idiots, just waiting to get their heads handed to them -- same clowns that own Treasury's yielding 0.30% if memory serves

 

I guess I'm one of the biggest idiots out there

 

 

big.chart?symb=yzc&compidx=aaaaa:0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=4&size=2&state=9&sid=102783&style=320&time=7&freq=1&nosettings=1&rand=4213&mocktick=1&rand=9850

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...also note however, while the gains of the past couple of months have been SUBSTANTIAL to say the least....

 

...THE LEVEL OF EUPHORIA IS STARTNG TO PICK-UP....

 

Remember, set your "Radio Shack � Heath Kit black box program trading machine" to SELL once you hear....

 

THE DOW HAS CROSSED THE SIGNIFICANT 10,000 LEVEL

_________________

 

It's hard to believe that we'll be hearing that any time soon.....

 

But then again, when I was pounding the living sh*t out of the BUY button (here) back at 6,600 in March...wouldn't I have sounded like a dick if I said we'd be up almost 2,000 points in a little under 2 months?

 

So what's another 1,800....I mean really.....

 

 

big.chart?symb=djia&compidx=aaaaa:0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=4&size=2&state=9&sid=1643&style=320&time=6&freq=1&nosettings=1&rand=903&mocktick=1&rand=588

Full Disclosure: I am currently trimming my dongs and fully hedging my remaining longs, I think 10,000 in 30-60 days is a long shot, but I am long and hedged and getting more hedged as we move higher.

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