MrHanky Posted February 13, 2012 Report Posted February 13, 2012 Liquidity flying everywhere,but but only QQQ and crapple still breaking out to new highs at the moment.
MrHanky Posted February 13, 2012 Author Report Posted February 13, 2012 Hmmmm..... What's up with this move?
MrHanky Posted February 13, 2012 Author Report Posted February 13, 2012 Another look at MUB,the entire move in the last hour.I just find this curious since muni's were totally flat....
Trader Joe Posted February 13, 2012 Report Posted February 13, 2012 This charts is awe inspiring Not only that, but it appears to moving at about a 45 degree angle...which is way short of being parabolic...and thus way short of stopping anytime soon ...backing and filling notwithstanding
psyche doctor Posted February 13, 2012 Report Posted February 13, 2012 Not only that, but it appears to moving at about a 45 degree angle...which is way short of being parabolic...and thus way short of stopping anytime soon ...backing and filling notwithstanding Could hit 508-10 area tomorrow, but then I suspect that we could get some kind of pullback. Won't amount to much in the grand scheme of things. If the overall stock market hits new all-time highs in the next 12-18 mos. (which I think is a high probability), then I expect this flying turd to be much, much higher than we are now. If this doesn't split, couild be in the 700's or higher. I will say this, I do still have those calls that I purchased last week that are doing nicely. Unfortunately, I have some puts (not as much as the calls). Overall, I am at a net loss trying to game this mutha over the past couple weeks, though.
bundys_dodge Posted February 13, 2012 Report Posted February 13, 2012 Crazier things have happened... Chart courtesy of StockCharts.com
psyche doctor Posted February 13, 2012 Report Posted February 13, 2012 Crazier things have happened... Chart courtesy of StockCharts.com Reverse head & shoulders target?
bundys_dodge Posted February 13, 2012 Report Posted February 13, 2012 Reverse head & shoulders target? PD you are giving way too much credit for my charting (in)abilities!. I looked at the break of a long held resistance and juiced it up with my theme of "mother of all double tops".... May be a monthly close above that line will be a super-bullish event?. After your comment, I must say that I have another perspective on the chart. Thanks for commenting.
psyche doctor Posted February 13, 2012 Report Posted February 13, 2012 PD you are giving way too much credit for my charting (in)abilities!. I looked at the break of a long held resistance and juiced it up with my theme of "mother of all double tops".... May be a monthly close above that line will be a super-bullish event?. After your comment, I must say that I have another perspective on the chart. Thanks for commenting. I'd have to take a closer look at it, but just from glancing at your chart, it appears the minimum reverse H&S target would actually exceed the 2000 top. Don't think that this is out of the realm of possibility. The Fed are masters at creating bubbles and hysteria. What they are doing now is insane and will show up somewhere in some asset, totally distorting its true value. I call if fed-induced malinvestment. So, why not stocks? Also, gold and silver should also do well in such a scenario as the anti-fed.
BreakOut Posted February 14, 2012 Report Posted February 14, 2012 Dow still loitering below May 2 highs. Gold $30 down from recent peak. Bullish action assumed to be "in the bag". Dow 15,000 not here quite yet.
MrHanky Posted February 14, 2012 Author Report Posted February 14, 2012 Moody's downgrades euroland again Moody's says U.K., France debt outlook 'negative' Moody's downgraded the debt ratings of six eurozone countries today and put a negative outlook on the United Kingdom, France and Austria, setting up the possibility they might lose their top ratings in the next 18 months, The Financial Times says. Moody's lowered the ratings on Italy, Spain, Portugal, Slovakia, Slovenia and Malta http://content.usato...-credit-watch/1
MrHanky Posted February 14, 2012 Author Report Posted February 14, 2012 Greek aid may not get full approval Wed: report Germany and other euro-zone nations were unconvinced Greece would undertake austerity measures demanded by the bloc's finance ministers in order to receive more funding, the report said http://www.marketwatch.com/story/greek-aid-may-not-get-full-approval-wed-report-2012-02-13?link=MW_latest_news
MrHanky Posted February 14, 2012 Author Report Posted February 14, 2012 Spain down 2 notches and a negative outlook.....shit is gonna hit the fan their next. Spain: downgraded to A3 from A1, negative outlook
psyche doctor Posted February 14, 2012 Report Posted February 14, 2012 Spain down 2 notches and a negative outlook.....shit is gonna hit the fan their next. Spain: downgraded to A3 from A1, negative outlook probably worth at least 300 dow points there. At least enough to push this heap over 13K
MrHanky Posted February 14, 2012 Author Report Posted February 14, 2012 probably worth at least 300 dow points there. At least enough to push this heap over 13K As long as people keep believing that bad news is a buy signal,the risk of an all out crash is always there.Market is safe till it's not.....I am sure one single 300 point down day would make most bulls think twice. Yeah,I know there is liquidity out the ass,but the pyramid scheme only works for so long.
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