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Bears looking less douchy.....


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#46 Lemur

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Posted 21 January 2010 - 07:39 PM

Trader Joe has gone "full douche"


Laughed my socks off at that. You guys are hilarious.

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#47 Jorma

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Posted 21 January 2010 - 07:40 PM

Setting aside if today's news about the prop trading ban was cause of the air pocket I am thinking the whole thing is a lot less than meets the eye. Unless your GS in which case you were already well apprised of the situation and are getting ready to leave the commercial bank fig-leaf behind. I suppose this has some large implications for C and JPM and that's all to the good. Still color me skeptical. that this is a big a deal as it looks like it is going to be, in the news.

So I think this is mostly a ploy to show the press and the public and the congress a shiny new thing which they can now follow for months and months while nothing is done about OTC derivatives or even if they are lucky Tim and Ben. Well that might be a stretch but one shiny thing always puts many other things back in the shadows. Just like I believe the whole health care thing was designed to take the spotlight off the financial crisis. That is a pretty paranoid view but now that HC is almost dead the White House said nothing or rather they said it is up to congress and they have moved on. This whole thing came right out of the blue. No trial ballons, nothing, 5 days before the state of the union speech.

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#48 Bungster

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Posted 21 January 2010 - 07:40 PM

That big wide candle on the VIX looks soooo good.


Agreed, butt might want to take a picture....It'll last longer :P Reversion to the mean has been the play here - unless major trend change... :unsure: BWTFDIK

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#49 I_Am_Madness

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Posted 21 January 2010 - 07:47 PM

Looks to be about complete...
1075 would be the line in the sand before a complete collapse into 980.

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#50 Charmin

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Posted 21 January 2010 - 07:54 PM

Goog down 26 afterhours?

china douche
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#51 psyche doctor

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Posted 21 January 2010 - 08:13 PM

Possibly an ABC correction of the zig-zag type. I think, eventually, we take out the previous low near 1075:


gc012120.png
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#52 Charmin

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Posted 21 January 2010 - 08:20 PM

Possibly an ABC correction of the zig-zag type. I think, eventually, we take out the previous low near 1075:


gc012120.png

How about going back to Oct. 6 or even the weekly 50 bar ma near 1000 and the Sept. 2 breakout near 950. It might if buck goes to 81
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#53 fxfox

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Posted 21 January 2010 - 08:23 PM

look at just finished 4 hour candle in EUR/JPY, thats one hell of a bullish doji, we need confirmation now, but that thing is definitely worth to watch. Last time we had such a bullish 4 hour candle it was good for an +500 pips upmove. We will see.
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#54 psyche doctor

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Posted 21 January 2010 - 08:26 PM

How about going back to Oct. 6 or even the weekly 50 bar ma near 1000 and the Sept. 2 breakout near 950. It might if buck goes to 81



Yes, was only showing the immediate areas of concern for the very near-term because I think we get some kind of wave 4 action coming from one of those lower levels. I am not a swing trader, not really thinking of the lower lower levels unless this thing just crashes. Just thinking of wave 3 right now.
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#55 Charmin

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Posted 21 January 2010 - 08:35 PM

unless this thing just crashes.


When gold would go up 90 bucks in a day I'd say "who da thunk."

Asians might not be supportive tonight
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#56 shorty

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Posted 21 January 2010 - 08:36 PM

GTFON

run

and never look back

ignore the horrible sound of over extended dongs being snapped off,
on these frigid January market mornings

just run

cover your ears and run
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#57 Jimi

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Posted 21 January 2010 - 08:39 PM

Heh FranMan,

IT'S REALLY COLD TODAY.

My car registered 39 degrees outside at the Berkeley BART station at 4pm.

I think we could have snow in the EB hills tonight if this keeps up.
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#58 Yaryman

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Posted 21 January 2010 - 08:41 PM

Was out all day but caught Maria...she was farking "begging" people to buy stocks and mis reporting Googles revenues.....then AXP came out and she was cackling like a barn full of hens on meth.....

and the most satisfying aspect of the decline is Cramits Clongress buy call and yesterday his "buy financial call"....full monty douche award...


Lousy reporting, and a bad hair day.

#59 I_Am_Madness

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Posted 21 January 2010 - 08:44 PM

When gold would go up 90 bucks in a day I'd say "who da thunk."

Asians might not be supportive tonight


Looks like they're tired of the beating.
Barely any movement.
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#60 cwd

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Posted 21 January 2010 - 08:47 PM

Last night the missus and I watched Up the Yangtze which is an outstanding documentary about some young people in China. While it may have been a bit slow, it was visually rich and managed to capture the humanity of some young Chinese people finding there place in the economy.



Where did you see that? at a theater or on TV? Thanks





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