Free money for everyone again!

G-7 is now behind Japan, it looks like the trigger finger bears got fried and served with chips again. So, now the world central banks and their taxpayers on their payroll vs the bears + 250B POMOs remaining? Who's gonna win? huh? Who's gonna win?

Total speculation, but I won't be surprised if that entire nuclear power plant news was overstated as well, they did need the best short squeeze of all times. It looks like "March 19th California earthquake" is bears' only hope left! Once a squeeze starts, it seems like it will never stop!

Fed did not loose control of the markets, but I was getting mixed signals after this disaster as the growth lagged today, but one step at a time. I still have the opinion that the new highs are ahead after the lows are somewhat tested over the next 2 weeks. Nevertheless, this looks like a milder version of the May 2010 decline, I remember the trillion dollar plan and the markets declined lower anyway until the breadth divergence developed...

I wish RUT and growth showed a little better leadership today, I would've been still holding long, flat and watching...

Well, at least I traded long from 1250 till 1270s, congrats to dc, wavetimer and a few who boldly went long...

G-7 is now behind Japan, it looks like the trigger finger bears got fried and served with chips again. So, now the world central banks and their taxpayers on their payroll vs the bears + 250B POMOs remaining? Who's gonna win? huh? Who's gonna win?

Total speculation, but I won't be surprised if that entire nuclear power plant news was overstated as well, they did need the best short squeeze of all times. It looks like "March 19th California earthquake" is bears' only hope left! Once a squeeze starts, it seems like it will never stop!

Fed did not loose control of the markets, but I was getting mixed signals after this disaster as the growth lagged today, but one step at a time. I still have the opinion that the new highs are ahead after the lows are somewhat tested over the next 2 weeks. Nevertheless, this looks like a milder version of the May 2010 decline, I remember the trillion dollar plan and the markets declined lower anyway until the breadth divergence developed...

I wish RUT and growth showed a little better leadership today, I would've been still holding long, flat and watching...

Well, at least I traded long from 1250 till 1270s, congrats to dc, wavetimer and a few who boldly went long...

Arby, thou i respect your the only thing which i fail to understand is your daily different comments from your mixed signals....

I think we should be waiting for the trend to turn to short yen

Short Squeeze. Most shorts covered. Unless there was a whole Bunch that shorted today.

your daily different comments from your mixed signals

Let me clarify,

For spring: higher until May at least...
For the next 2 weeks: lower or sideways until the breadth momentum turns, you will know.
Until Tuesday or so: most likely higher.
For tomorrow: most likely a high open, drop and then a higher close.

Emotional and largely news driven market, the cycle lows are happening for the next 2 weeks and we should hammer the lows over the next 2 weeks, so if it was so easy to call, I would've made it more so.

But my analysis and my IT decisions should be obvious by now. The next 3-5 hours, it can be anything in this highly news driven market... Why? The breadth made new highs, it is the promise you need that the prices will go back there even if the breadth doesn't, it is a promise...

Edited by arbman, 17 March 2011 - 10:09 PM.

Short Squeeze. Most shorts covered. Unless there was a whole
Bunch that shorted today.

Look at equity p/c ratio today. That may answer your question.

You know I keep hearing about all this POMO stuff...

Looks to me like whatever effect it had has worn off...

They need to find some new drugs here...


We're well into a downtrend here...

All these desperation moves...

Too many moving parts...


This market is like the Fukushima Power Plant..

Just when they think the fire at Reactor #2 is out and the problem is on it's way to being solved... smoke starts up anew.

Then they get it fixed temporarily and Reactor #4 starts smoking...

And all this money from the BOJ, G7 and anyone else who wants to helicopter drop their cash to be PI$$ED AWAY in the wind, Come on Down.


And while we're at it, why not drop a little ordnance on Libya and see $Billions of military hardware go up in smoke along with their human counterparts...

Then they can proclaim... BUY ON THE CANNONS...

Whatever it takes to keep this Ponzi Scheme Alive...



http://bigcharts.mar...&mocktick=1.gif

I guess at some point, it's going to be like the "stimulus"... they will realize no amount of money, even created out of thin air is going to change the outcome... and they will go away.

Hopefully for another 20 years.

You'll be at 1234 by Wednsday-bank it.

Edited by thespookyone, 17 March 2011 - 11:07 PM.

It is a Ponzi scheme, but most people are still employed and they are willing to be on their payroll...

The markets will collapse when all short sellers are gone, that might take some time.

You know we never run out of bad news!!!

You'll be at 1234 by Wednsday-bank it.

Maybe, I still see it as an IT bottoming process though, not a multi-month down trend yet. Then we should be back to the long term topping process into spring..

Edited by arbman, 17 March 2011 - 11:14 PM.

TF and NQ are lagging tonight, we will have another low.

I see a wave 4 here and the final low should come in around 1220 for this downleg sometime in the next few weeks, maybe sooner... I think 1290ish is tough resistance and will be looking to short around there...

Edited by MikeyG, 18 March 2011 - 06:23 AM.