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#31 shorty

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Posted 08 January 2010 - 09:47 PM

The California budget circus started today. Opening shot by the Governator labels the deficit at $20 billion. But, that number ASSumes that the Feds will hand out a free $7 billion to CA. If they do not do that, the deficit is $27 billion.

That's alot of money to be short when your tax receipts fall every month.

The state is in terrible shape. It's hard to see a way out.

LET'S JUST HEAD EAST ON ROUTE 8 AND NOT LOOK BACK. :ninja:

HURRY, WE GOTTA GIT OUTTA HERE, BEAT THE RUSH! :ninja: :ninja:

THEM WHAT LEFT BEHIND PAY THE BILLS. :ninja: :ninja: :ninja:

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#32 psyche doctor

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Posted 08 January 2010 - 09:57 PM

After reading all this, I am going to have to ease my battered mind and watch Apocalypse Now. That would be the only way to get myself back to reality, if that's possible.
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#33 Charmin

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Posted 08 January 2010 - 09:57 PM

Selling began back in Sept. 08 for the QQQQ. We are absorbing into that area now. How long they let it go into there is anybody's guess, but sometimes it reacts to those kind of areas when there is evidence of weakening demand. http://www.StockShar..._1263002090.png

If there is lack of demand going into this area, then it's not a blue light special.
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#34 Charmin

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Posted 08 January 2010 - 10:06 PM

SPY is absorbing on a monthly chart into a big area of supply on lighter demand. So far the pigmen are having no problem absorbing it into this area. It looks like Jan. 2004 all over again. http://www.StockShar..._1263002765.png
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#35 psyche doctor

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Posted 08 January 2010 - 10:14 PM

There is some guy that goes by the name of Robot Trader over at Zerohedge that has a unique style of explaining the market, often by relating space-needle, to-the-moon rocket stocks to nice looking, thinly-clad, provocative females. Any chance this could be Mark from eons past?

Link: More New Girlfriends Found
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#36 mdporter

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Posted 08 January 2010 - 10:17 PM

government jobs vs private jobs. From jesse's crossroads cafe:

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The men the American people admire most extravagantly are the most daring liars, the men they detest most violently are those who try to tell them the truth. -- H.L. Mencken

"Only a man who knows what it is like to be defeated can ... come up with the extra ounce of power it takes to win." - Muhammad Ali

"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." -- Claude Frédéric Bastiat

#37 Ags Nightmare

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Posted 08 January 2010 - 10:18 PM

SPY is absorbing on a monthly chart into a big area of supply on lighter demand. So far the pigmen are having no problem absorbing it into this area. It looks like Jan. 2004 all over again. http://www.StockShar..._1263002765.png


Charmin...how this plays out won't be like anything anyone has seen...I really think everyone is gonna get wasted on both sides before this is over...there won't be anywhere to hide other than a shoe box.

I don't think this is 2004...more like late 2006-2007...each bubble will be shorter in duration. No jobs...No credit...no economy....Alt A hits June....then a massive wave in 2011....maybe they can hold this fake market together another 6 to 12 months but the USA destroyed itself.

I'm in the minority but what do we make or do that will create jobs ? ....nothing
"I went out and bought an Apple Computer; it had a worm in it"....."When I was born, I was so ugly that the doctor slapped my mother"....'I played hide and seek; they wouldn't even look for me.'- Rodney Dangerfield

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#38 shorty

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Posted 08 January 2010 - 10:19 PM

patience bearz, the AAPL situation actually looks pretty good

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#39 Charmin

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Posted 08 January 2010 - 10:21 PM

There is some guy that goes by the name of Robot Trader over at Zerohedge that has a unique style of explaining the market, often by relating space-needle, to-the-moon rocket stocks to nice looking, thinly-clad, provocative females. Any chance this could be Mark from eons past?

Link: More New Girlfriends Found


It is.
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#40 shorty

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Posted 08 January 2010 - 10:22 PM

government jobs vs private jobs. From jesse's crossroads cafe:

the crossover is significant because now the Gov't majority
is vested in preserving their income at the expense of the non-Gov't minority

so it's guaranteed to self-destruct

the parasites will consume the host

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#41 psyche doctor

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Posted 08 January 2010 - 10:25 PM

I don't think this is 2004...more like late 2006-2007...each bubble will be shorter in duration. No jobs...No credit...no economy....Alt A hits June....then a massive wave in 2011....maybe they can hold this fake market together another 6 to 12 months but the USA destroyed itself.


I absolutely agree that the bubbles will be shorter in duration and expect a much shorter reflation this time around....can't hardly wait for the Alt A to hit this summer - it's gonna be a Texas style barbecue and hog roast. Shorty will be there wearing a splatter bib.
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#42 Charmin

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Posted 08 January 2010 - 10:28 PM

the parasites will consume the host


Is this an example of one?

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#43 psyche doctor

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Posted 08 January 2010 - 10:29 PM

It is.



What tipped you off? :lol:
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#44 Charmin

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Posted 08 January 2010 - 10:30 PM

Charmin...how this plays out won't be like anything anyone has seen...I really think everyone is gonna get wasted on both sides before this is over...there won't be anywhere to hide other than a shoe box.

I don't think this is 2004...more like late 2006-2007...each bubble will be shorter in duration. No jobs...No credit...no economy....Alt A hits June....then a massive wave in 2011....maybe they can hold this fake market together another 6 to 12 months but the USA destroyed itself.

I'm in the minority but what do we make or do that will create jobs ? ....nothing


I only meant to say that the chart is absorbing into a supply area. How it reacts depends on weakening demand and for the sellers to take control. I don't think we are in a 2004 economy for sure.
Cycles + Wyckoff + NTM = TechnoPile
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#45 shorty

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Posted 08 January 2010 - 10:37 PM

hold on, lemme whip out my calcfiggeror.....
....lessee, carry the 3...... :o OH MY!
0.47 :D

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