Glassy glide

[aussiebear]

Down the slippery slope for Aussies, -0.6% with Kiwis going the other way, +0.5%, Nikkers -0.4%, Sth Korea -0.6% and Singers -0.4%.

 

In Aussie sectors, IT -1.6% and Energy -1.5% with REITS the only green sector, +0.2%.

 

 

 

 

[aussiebear]

 

 

 

 

 

 

 

http://finance.yahoo.com/intlindices?e=asia

[aussiebear]

http://money.cnn.com...s/morning_call/

 

 

 

 

 

 

 

http://www.kitco.com

 

 

 

http://www.kitconet....ase_metals.html

 

 

 

http://finance.yahoo.com/

[aussiebear]

 

 

http://www.engrish.com/2004/04/sign-greeting/

[Trader Joe]

We are at the precipice

 

Now

 

Prepare shorts

 

Or be left behind

 

Final warning

[aussiebear]

 

 

Off the lows but still a reasonable drop for All Ords of -0.7%. Energy -1.9% took the downside lead followed by Gold -1.5% and IT -1.2%.

 

Asia mixed: China +0.2%, Honkers -1.1%, India -0.5% and Nikkers +0.1%.

 

 

On to UK/Europe:

 

 

 

 

 

 

 

 

[Trader Joe]

Wednesday Bloody Wednesday

[Trader Joe]

If I recall correctly the Shittycorpse reversi was May 9th

 

Nothing but down since

 

Single digits await

 

Again

 

[bundys_dodge]

Didn't really want to post unadulterated bile early in the morning, but here it goes... I wonder why Geithner is being dressed up at this juncture, while Obama's other economic advisers are jumping ship.

 

Washington Post:

 

Geithner finds his footing

 

Geithner has not only survived but quietly gained influence, which he has used to press President Obama to curb the nation’s soaring debt even at the expense of spending that might more directly spur employment.

 

His success at driving the agenda signals his status as the president’s closest economic counselor. With the departure this summer of Austan Goolsbee as chairman of the Council of Economic Advisers, Geithner will be the last remaining member of the president’s original economic team and, with Federal Reserve Chairman Ben S. Bernanke, one of the two remaining architects of the great banking bailout that began in 2008, even before Obama’s election.

 

By the middle of last year, Geithner’s fortunes had shifted. Even the gargantuan bailout of American International Group by the federal government wasn’t looking so bad anymore. Last summer, Jim Millstein, an investment banker assigned to oversee Treasury’s rescue of AIG, walked into Geithner’s office with good news: Taxpayers were going to get their investment in AIG back, and maybe a profit.

 

“Get the [expletive] out,” Geithner responded. “I haven’t had any good news on AIG.”

 

http://www.washingtonpost.com/business/economy/geithner-finds-his-footing/2011/05/24/AGY0CSLH_story.html?hpid=z1

[K Wave Rider]

Update on the 20 over 50 EMA Pre-crash setup...

 

Here is the NYA SPX DOW and Tran..

 

That big red candle on June 1 was a truly beautiful bearish work of art, as it came crashing through the 50.

 

the IT stop is now the 50 day...

 

We may still see one big short covering rally that lasts about a day and half at some point, which I am guessing will probably come from lower levels at this point, but as long as we stay under the 50, it should be an opportunity to add shorts.

 

 

 

 

 

[K Wave Rider]

Gold finally cracked 1537 overnight, back kissed it, and now we see if the trap door opens.

 

That stop run on the ButtSkanky words near the close yesterday, may have been the "signal"

[K Wave Rider]

Swissy wedgin' out at 5 min 900...

[Trader Joe]

Here's the deal

 

They soon won't have the money required to take the market higher

 

As such, the market is going to go down

 

Possibly in dramatic fashion

 

That's all you need to know

 

Position yourself accordingly

[DrStool]

 

Precious Metals Update 6/08/11

 

[DrStool]

Having trouble getting a handle on 2 and 3 day cycle projections. Pls stnd by for further instructions from Central Control.