You've been pooh-poohing my calls for some time now...
Did you listen on Tuesday when I said to watch out for the Nasdaq based on that last hour VOLUME DUMP?
Nasdaq dropped 150 points.
Or were you just watching the SPX ?
Posted 02 December 2016 - 12:10 PM
You've been pooh-poohing my calls for some time now...
Did you listen on Tuesday when I said to watch out for the Nasdaq based on that last hour VOLUME DUMP?
Nasdaq dropped 150 points.
Or were you just watching the SPX ?
Posted 02 December 2016 - 12:11 PM
Did you hear me WEEKS AGO when I said to expect a GANN TURN in Gold on 12/2?
What am I? just the luck-sack of the World??
Posted 02 December 2016 - 12:17 PM
Were you here in 2006 and 2007 when I said CDOs were going to be a BIG PROBLEM?
Did you read this post from June 2008, well ahead of the September crash in the markets?
Looking to get aggressively short over the next few weeks
Art Cashin said it best...That the lows we experienced during this winter's credit crisis would be followed up by new lows later in the year based on the economy. Just when you think the news is awful, it's going to get worse. The plight of the consumer is only one aspect. The next big calamity will be serious unemployment. I am expecting 7 to 8% here in California by this time next year. I think a lot of us on this board are traders who aren't in touch with the guts of the companies underlying the stock issues we trade every day. I am not one of them. I have my hand on the pulse of the economy in the work that I do. Without being too specific for now, I would stay clear of electronics, communications and semiconductors. We all know that the banks and brokers are bankrupt. Now the effects of all the weakness in these sectors along with the severe penalty the consumer is paying with this inflation are about to come home to roost. It's going to be a long hot summer. I recommend to everyone to take precautions. Make sure you have that emergency cache of water, food, firearms or whatever you might need prepared... The way this is unveiling is a little at a time. It's a giant game of Texas Hold'em and virtually EVERYONE is bluffing... First a Bear Stearns, then a Lehman, by September there will be an avalanche of firms in trouble and not just the banks and brokers, as if that wasn't bad enough, and they will not be rescued as the F'ed really can't save any of them but only delay the inevitable. So be ready for anything, there is not a single person alive that can help us. The F'eds and your government can do nothing to stop this, and that's exactly what they are doing. As citizens though we can band together and get much done though, and that's what it's going to take... Be Prepared !!
Posted 02 December 2016 - 12:20 PM
Posted 02 December 2016 - 12:21 PM
Posted 02 December 2016 - 12:29 PM
Semi, I am not pooh poohing your calls, just trying to understand what you are saying before I pooh pooh them. Your descriptive terms of stock movement are much different than mine. Nice call on the Gann gold turn so far...if this is real there is a lot more to go than a day trade.
Posted 02 December 2016 - 12:43 PM
You know, you only "paper-over" problems for so long... Get out and see some more of the World... the literally TENS OF THOUSANDS OF BRAND NEW GIANT BUILDINGS 30-40 Stories high that are DONE and EMPTY with THOUSANDS MORE being built... they built them and guess what.. NOBODY IS COMING and NOBODY IS HOME - and when that happens, who is going to service the loans and pay the property taxes? NO BODY... And who's on the hook for those investments? MOSTLY - THE BANKS - SPECIFICALLY THE EUROPEAN BANKS.
We are living on borrowed time, it's been fun while it lasted, but now the market has had enough of this charade... Interest rates are going UP, despite the banker and government measures to try to stop it. And THEY SURE AS HELL KNOW IT TOO...
Edited by SemiBizz, 02 December 2016 - 12:45 PM.
Posted 02 December 2016 - 04:05 PM
You know, you only "paper-over" problems for so long... Get out and see some more of the World... the literally TENS OF THOUSANDS OF BRAND NEW GIANT BUILDINGS 30-40 Stories high that are DONE and EMPTY with THOUSANDS MORE being built... they built them and guess what.. NOBODY IS COMING and NOBODY IS HOME - and when that happens, who is going to service the loans and pay the property taxes? NO BODY... And who's on the hook for those investments? MOSTLY - THE BANKS - SPECIFICALLY THE EUROPEAN BANKS.
We are living on borrowed time, it's been fun while it lasted, but now the market has had enough of this charade... Interest rates are going UP, despite the banker and government measures to try to stop it. And THEY SURE AS HELL KNOW IT TOO...
+1
Posted 03 December 2016 - 05:48 AM
You know, you only "paper-over" problems for so long... Get out and see some more of the World... the literally TENS OF THOUSANDS OF BRAND NEW GIANT BUILDINGS 30-40 Stories high that are DONE and EMPTY with THOUSANDS MORE being built... they built them and guess what.. NOBODY IS COMING and NOBODY IS HOME - and when that happens, who is going to service the loans and pay the property taxes? NO BODY... And who's on the hook for those investments? MOSTLY - THE BANKS - SPECIFICALLY THE EUROPEAN BANKS.
We are living on borrowed time, it's been fun while it lasted, but now the market has had enough of this charade... Interest rates are going UP, despite the banker and government measures to try to stop it. And THEY SURE AS HELL KNOW IT TOO...
Semi, I am assuming based on what you described so far that S&P500 and Dow Jones Industrial Average is artificially held up. If that is so, what are you looking for for these 2 indices to actually go down substantially? I recall you were looking for several hundred S&P points lower pre-Brexit though it never materialised. I remember you said it was due to a lack of volume. Couldn't the same thing occur here that hold up these two indices (and financials in particular).
Posted 03 December 2016 - 09:59 AM
I have one more gold low cycle in 5-6 weeks, after 2 weeks up.
I have seen it can bridge over the next low if this is very strong for two weeks.
There are two broad cycle lows pending, if very strong this two weeks it can lock them
in. The last time this happened it did not drop but paused with the second cycle low, is
where I loaded all the paper gold that I have now in 401k. I have been loading more paper gold
for a couple weeks on divergence when $gold went down and paper gold funds did not.
In the next cycle pivot in 5-6 weeks should be the last time to buy gold at any price for several years.
Also a chance of good stock low there in 5-6 weeks. I will return to capitalizing the trading account for
stocks in 5-6 weeks but for now the trading account is mostly gold stuff.
The other thing to watch for in stocks in the trump trust buster sea chang.e is the old leaders are left for dead and
new leadership rotates in, making it a time to clear out the account completely and rotate to the new relative strength
whatever that will be in 5-6 weeks.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan