nnuut's Account Talk

[nnuut]

Is that an Inverse Head and Shoulders forming? The last two didn't work, but you never know.
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Edit No. 1!:embarrest:

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[jpcavin]

Edit No. 1!:embarrest:

View attachment 15196
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Ok, looking at this picture, can I assume that we are expecting a small pullback to create the other shoulder and then it's off to the moon?

 

[nnuut]

Yes but not exactly.

Inverse Head And Shoulders

What Does Inverse Head And Shoulders Mean?
A chart pattern used in technical analysis to predict the reversal of a current downtrend. This pattern is identified when the price action of a security meets the following characteristics:

1. The price falls to a trough and then rises.
2. The price falls below the former trough and then rises again.
3. Finally, the price falls again, but not as far as the second trough.

Once the final trough is made, the price heads upward toward the resistance found near the top of the previous troughs. Investors typically enter into a long position when the price rises above the resistance of the neckline. The first and third trough are considered shoulders, and the second peak forms the head.

Read more: http://www.investopedia.com/terms/i/inverseheadandshoulders.asp#ixzz1WkoLstRv

 

[Bquat]

The distance from the neckline to the tip of the head will be the hight of the breakout, but it could restart the bull by getting above the 200 dma.

We can only hope it happens.

 

[jpcavin]

Thanks guys!

 

[nnuut]

"Gee" WIZ this is so boring.

I'm headed for the pool, and I will partake in a drink or two!

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[nnuut]

Well well, it appears that the Plunge Protection Team [PPT] is alive and well!:suspicious:

 

[RealMoneyIssues]

Well well, it appears that the Plunge Protection Team [PPT] is alive and well!:suspicious:

Yeah, but who are they... Is the Fed buying equities...

There must have been nearly a $1T going into the market buying equities in the last hour... who the heck has that kind of cash???

 

[nnuut]

Wisps in the night, nobody sees them, nobody claims them.

Executive Order 12631–Working Group on Financial Markets March 1st, 2011

Iron Man

This executive order was put in place in response to the 1987 market event. The working group on financial markets are also referred to by some as the ppt, or, plunge protection team.

It seems the group has been working overtime lately as the market is currently at levels not seen since late 07, early 2008. Back then, everyone had a job, the economy was booming and home values were at their peak. I kept asking myself how these markets could sustain these levels even though there is a vast difference in the economic situation. Then wallah!
Here is the executive order in it’s entirety. It lists who is assigned what responsibilities, and what they are responsible for.
Feel free to leave your comments and/or opinions
Executive Order 12631–Working Group on Financial Markets

http://preciousmetalnews.com/2011/03/01/executive-order-12631-working-group-on-financial-markets/

 

[RealMoneyIssues]

Wisps in the night, nobody sees them, nobody claims them.

Executive Order 12631–Working Group on Financial Markets March 1st, 2011

Iron Man
http://preciousmetalnews.com/2011/03/01/executive-order-12631-working-group-on-financial-markets/

Didn't see any authority to purchase anything, just make legislative recommendations.

Hmmm, BB doing some equity buying to shore up the fed bank???

 

[nnuut]

There is always that possibility.

 

[nnuut]

The Market is STILL
NNUUTS
I'm glad I'm still "G"ing it!
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[nnuut]

Markets should be heading UP, UP, UP today. Europe lookin' good, GDP lookin' GOOD, Jobless Claims DOWN!

ENJOY!
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[RealMoneyIssues]

Markets should be heading UP, UP, UP today. Europe lookin' good, GDP lookin' GOOD, Jobless Claims DOWN!

ENJOY!

It's all a smoke screen... ​

 

[nnuut]

It's all a smoke screen... ​

It's got to where I don't trust anything!
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[Frixxxx]

It's all a smoke screen... ​

Germany passed expanded bailout program for EU...(GREECE)...We're really global now!

 

[nnuut]

Yep that's one reason why Europe is UP today, now we're helping them higher! When's the BREAKOUT?

 

[RealMoneyIssues]

Germany passed expanded bailout program for EU...(GREECE)...We're really global now!

We have TARP, yes we do, WE have TARP, HOW ABOUT YOU???

Sad isn't it. I guess they couldn't find a better way to save Greece... like, let it default and pick up the pieces...

 

[nnuut]

This may cool it off a little?

Market Update

[TD="align: right"][/TD]

10:05 am : Stocks have eased off of their early session highs, but continue to boast big gains. Just released, pending home sales data for August showed a 1.2% month-over-month decline. Following the 1.3% monthly drop of July, economists polled by Briefing.com had generally expected a 1.5% decline. Shares of homebuilders continue to generally trade in step with the broad market in the wake of the data --
http://finance.yahoo.com/marketupdate/overview?u

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[nnuut]

It's got to where I don't trust anything!
View attachment 15513​

See what I mean!
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