350zCommtech's Account Talk

[350zCommTech]

exactly... for a international bailout to occur the big players in Germany and the US wanted firesale prices, they got 'em.... stopped and whipsawed several that had stops in.

Somebody just stole a ton of money.

 

[350zCommTech]

The yellow arrow points to when the Dow was down almost 1000 points. The red circle is where it's trading at the moment.

I'm not going to speculate about it here on this MB. The futures are up 2 points right now.

View attachment 9328

 

[Warrenlm]

Ref the P&G trade at $39 (vs $60 now): some gent being interviewed (think from NYSE), said the trade stands. CNBC had duelling exchanges interviews this am. Is this part of the "theft" suggested above?

 

[350zCommTech]

Ref the P&G trade at $39 (vs $60 now): some gent being interviewed (think from NYSE), said the trade stands. CNBC had duelling exchanges interviews this am. Is this part of the "theft" suggested above?

Yes.

DAX update: Trend line broken.

View attachment 9334

 

[350zCommTech]

FTSE broke through the 200 but bounced of support.

View attachment 9335

 

[350zCommTech]

Greece fire.

Hold G.

 

[350zCommTech]

Does not look like a bottom here. Not even oversold yet.

Also, the dollar fell in the afternoon but it didn't even help. And it's not even that far from the "fat finger" level.

View attachment 9345

 

[Frixxxx]

So, PPP was a little early?:worried:

 

[350zCommTech]

So, PPP was a little early?:worried:

Yeah, they were too early. It needs to happen in the last hour or half hour.

If the Greece fire gets worst over the weekend, oh boy....


Look at the VIX, right back to were it was when the DOW was down 1000. If the VIX gets to 70-80, I will have to jump in.

 

[350zCommTech]

USM up 4% and Euro and Pound are starting to roll over. With Europe up so much, I don't see much chance of a +FV tonight. Japan's bounce last night was modest.

Anybody thinking that the I fund could be a no-brainer play for tomorrow? If the Euro rolls over, there might be a -FV?

 

[fedgolfer]

USM up 4% and Euro and Pound are starting to roll over. With Europe up so much, I don't see much chance of a +FV tonight. Japan's bounce last night was modest.

Anybody thinking that the I fund could be a no-brainer play for tomorrow? If the Euro rolls over, there might be a -FV?

You asking that question, is like Spartacus asking his troops how to handle a sword

 

[FAB1]

If todays action had been predictable I would be heavy in stocks today. But it seems this buying frenzy isnt just based on the price being lower, no its b/c the news of the IMF Bailing out EU and our Fed joining in has caused it. Seems its then we can control the market with the news cycles. Barnum would be proud of the hokum this market is based on suckers born every nanosecond. ugh.

 

[350zCommTech]

You asking that question, is like Spartacus asking his troops how to handle a sword

I'm looking for opinions but trying not to influence them.

 

[FAB1]

Todays news coul have been unfavorable and would there be a buying surge. thats my point is case it wasnt clear.

 

[350zCommTech]

If todays action had been predictable I would be heavy in stocks today. But it seems this buying frenzy isnt just based on the price being lower, no its b/c the news of the IMF Bailing out EU and our Fed joining in has caused it. Seems its then we can control the market with the news cycles. Barnum would be proud of the hokum this market is based on suckers born every nanosecond. ugh.

Know that this is basically a transfers of money(or promise of) to the bankers, not a bailout of Greece or any country. The bankers control the .govs. The only way to stop this is for people to riot and overthrow governments. Perhaps this will happen in Greece first as they don't want anything to do with the EU/IMF austerity measures(debt slavery).

 

[fedgolfer]

I'm looking for opinions but trying not to influence them.

when TARP and ARRA went through, there was volatility and it wasn't straight up until march '09. BUT, EU & ECB didn't just give the market a number to stew on, they're supposedly acting immediately with swaps.

UDN is putting in the V in an inverted H&S, it could double bottom though, but i doubt it:

http://stockcharts.com/h-sc/ui?s=UDN&p=D&b=5&g=0&id=p79474558676

i see it going up to $26.91, then pulling back to test the upper part of the red cloud in early June. JMHO

 

[FAB1]

Know that this is basically a transfers of money(or promise of) to the bankers, not a bailout of Greece or any country. The bankers control the .govs. The only way to stop this is for people to riot and overthrow governments. Perhaps this will happen in Greece first as they don't want anything to do with the EU/IMF austerity measures(debt slavery).

aye laddie. greeks are putting up a good scrap. doubt if it s going to change the world arena tho.

 

[350zCommTech]

aye laddie. greeks are putting up a good scrap. doubt if it s going to change the world arena tho.

True. Bankers will buy any new government.

How about we just kill all bankers?

 

[Silverbird]

True. Bankers will buy any new government.

How about we just kill all bankers?

We already tried that one, though it was kill all the banks. 1930's. No guaranteed deposits = bank runs.

 

[350zCommTech]

F fund taking a pounding today, down 7 cents. I don't feel like chasing. I would like to see a little pullback first. I think all the good news is out.