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ES and the Great POMO Rally
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ES and the Great POMO Rally

  #111 (permalink)
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This is the NQ

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  #112 (permalink)
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I think this is becoming down right scary. Ignore the stock market for a moment and take a look at what is affecting the real world. Food and energy prices are rallying like crazy which will be very problematic on just about everything we use on a daily basis.

As for stocks, there's absolutely no signal to go short here. The ES is being well supported every time it touches the 10 day MA. Wait for the market to tell you first. Furthermore, no one should ever take trade signals from a discussion forum. Follow your trading plan only. This thread is a discussion regarding the big picture and the potential outcomes of the market.

Have a great weekend!
PB

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  #113 (permalink)
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another article by William K. Black


".......Deregulation, desupervision, and de facto decriminalization (the three "des") created the criminogenic environment that drove the modern U.S. financial crises. The three "des" were essential to create the epidemics of accounting control fraud that hyper-inflated the bubble that triggered the Great Recession. "Job killing" is a combination of two factors -- increased job losses and decreased job creation. I'll focus solely on private sector jobs -- but the recession has also been devastating in terms of the loss of state and local governmental jobs...."



The Anti-Regulators Are the 'Job Killers' | CommonDreams.org

Don't you just love that phrase, criminogenic environment !

"...The federal regulators actively made the black hole more severe by preempting state efforts to protect the public from predatory and fraudulent loans. Greenspan and Bernanke are particularly culpable.... The Fed also had direct evidence of the frauds and abuses in nonprime lending because Congress mandated that the Fed hold hearings on predatory lending..."

BIPARTISAN CORRUPTION:

"..From roughly 1999 to the present, three administrations have displayed hostility to vigorous regulation and have appointed regulatory leaders largely on the basis of their opposition to vigorous regulation. When these administrations occasionally blundered and appointed, or inherited, regulatory leaders that believed in regulating, the administration attacked the regulators. In the financial regulatory sphere, recent examples include Arthur Levitt and William Donaldson (SEC), Brooksley Born (CFTC), and Sheila Bair (FDIC)..."

For anyone out there who can stand to call themselves "Republican" with a straight face:
"...Why is the new House leadership announcing its intent to give a free pass to the accounting control frauds, their political patrons, and the anti-regulators that created the criminogenic environment that hyper-inflated the financial bubble that triggered the Great Recession and caused such a loss of integrity?"


Last edited by Zondor; January 15th, 2011 at 05:43 PM.
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  #114 (permalink)
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Here's another great economic tell-it-like-it-is site:

Market-Ticker - MarketTicker Forums

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  #115 (permalink)
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tomgilb View Post
Here's another great economic tell-it-like-it-is site:

Market-Ticker - MarketTicker Forums

I like Karl's commentary. He's straight to the point although he does sometimes go to great lengths with his posts. He's made some great calls in the past that have come to fruition.

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  #116 (permalink)
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The Great Dollar Destruction Rally

It's not that the value of everything (including stocks) is going up, it's that the value of the dollar is going down:

.Guest Post: Disinformation Fog Intensifies As Economic Turmoil Develops | zero hedge

"...China must shrink its forex and T-bill reserves in order to drive an appreciation of the Yuan able to cut off inflation concerns. Timothy Geithner claims this will be good for the U.S. Hu claims it would be bad for China. They are both liars. Ultimately, inflation will be used by China as the excuse to drop the dollar completely, which is what they have been planning to do since at least 2005. The private Federal Reserve and our government will announce victory and a “managed” devaluation of the dollar, only to have the treasury bubble snap and bury us in hyperinflation, which is what they wanted all along, for many reasons, but most importantly to allow for the birth of the IMF’s SDR as the new global currency (amply supported by the new improved Yuan)....'

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  #117 (permalink)
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Zondor View Post
It's not that the value of everything (including stocks) is going up, it's that the value of the dollar is going down:

.Guest Post: Disinformation Fog Intensifies As Economic Turmoil Develops | zero hedge

"...China must shrink its forex and T-bill reserves in order to drive an appreciation of the Yuan able to cut off inflation concerns. Timothy Geithner claims this will be good for the U.S. Hu claims it would be bad for China. They are both liars. Ultimately, inflation will be used by China as the excuse to drop the dollar completely, which is what they have been planning to do since at least 2005. The private Federal Reserve and our government will announce victory and a “managed” devaluation of the dollar, only to have the treasury bubble snap and bury us in hyperinflation, which is what they wanted all along, for many reasons, but most importantly to allow for the birth of the IMF’s SDR as the new global currency (amply supported by the new improved Yuan)....'

Excellent article and validates everything I've been pounding the table on. This is becoming scary in so many ways.

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  #118 (permalink)
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Breaking 1259 spells trouble for the ES

Potential signs of a top may be forming for the ES.
Breaking 1271 on a close puts the uptrend in danger of being broken.
Closing below 1259 paves the way for a retracement to at least the 1198 level.

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  #119 (permalink)
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aquarian1 View Post
Potential signs of a top may be forming for the ES.
Breaking 1271 on a close puts the uptrend in danger of being broken.
Closing below 1259 paves the way for a retracement to at least the 1198 level.

I guess I look at charts differently but a break of 1271 IMO, appears to be nothing more than a pullback. That's barely below the 10 day MA which is a major average CTA's observe. A close below the 30 day MA would get me a little more excited. But don't get me wrong, this market (equities) is as real as Santa Claus. I've scaled out of most of my long positions in anticipation for a reversal... Just waiting for the market to tell us when. Who knows, maybe we get another flash crash... Maybe no tail this time... Stay at the lows in a limit down...

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  #120 (permalink)
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In a shocking turn of events, equities actually sold off today. It's been so long since we've seen such a day. Most notably, TF had a very interesting day reaching psychological levels of 2007 right when the market started to melt down. This is a level where people are starting to realize they've "made their money back" and decide to get out. This could just be a long over due pullback in the ever going Fed pump of course. TF is sitting right on the 30 day MA. If we get a close below this, we could potentially see some fireworks and truly a sign of capitulation which will bleed into other equity markets. Stay nimble.

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