Hi everyone, I remain open to the possibility of the MOASS this coming week...

Hi everyone, IMVHO, this past Friday under the cover of a down INDU (Dow-30) the techs including AAPL, QQQs, AMZN, and GOOG were raised sharply while the media harped on the down INDU as usual. The PTB wanted to get key techs higher before they stage the ultimate jam job and take out the buy stops of the shorts at the highest possible price. GLTA! Bob-C

Hi everyone, IMVHO, this past Friday under the cover of a down INDU (Dow-30) the techs including AAPL, QQQs, AMZN, and GOOG were raised sharply while the media harped on the down INDU as usual. The PTB wanted to get key techs higher before they stage the ultimate jam job and take out the buy stops of the shorts at the highest possible price.

GLTA!

Bob-C

I am looking at the same prospect bob; it will be one hell of a squeeze !

Bob is most likely correct. Many are under the false impression that if a budget deal is not reached by Monday, the federal government automatically goes in to default. The truth is that $190+ Billion comes into US Treasury every month. That is sufficient to service every dime of interest on US debt + all Social Security checks + Medicare + Medicaid + Military paychecks + money left over for essential & critical services. All that needs to happen is furlough non-critical workers from IRS, Post Office, Dept of Education, Dept of Energy, Dept of commerce, Dept of Health & Education, ICE, Parks & Recreation, etc. until the debt limit issue is resolved and passed into law.

Hi everyone, IMVHO, this past Friday under the cover of a down INDU (Dow-30) the techs including AAPL, QQQs, AMZN, and GOOG were raised sharply while the media harped on the down INDU as usual. The PTB wanted to get key techs higher before they stage the ultimate jam job and take out the buy stops of the shorts at the highest possible price.

GLTA!

Bob-C

I am looking at the same prospect bob; it will be one hell of a squeeze !

Hi punter, nice to hear from you, thanks for your comments and insights.

Best,

Bob

Bob is most likely correct. Many are under the false impression that if a budget deal is not reached by Monday, the federal government automatically goes in to default. The truth is that $190+ Billion comes into US Treasury every month. That is sufficient to service every dime of interest on US debt + all Social Security checks + Medicare + Medicaid + Military paychecks + money left over for essential & critical services.

All that needs to happen is furlough non-critical workers from IRS, Post Office, Dept of Education, Dept of Energy, Dept of commerce, Dept of Health & Education, ICE, Parks & Recreation, etc. until the debt limit issue is resolved and passed into law.

Hi Roberto, good to hear from you, thanks for your comments and your well-stated insights and analysis.

Best,

Bob

Hi everyone, IMVHO, this past Friday under the cover of a down INDU (Dow-30) the techs including AAPL, QQQs, AMZN, and GOOG were raised sharply while the media harped on the down INDU as usual. The PTB wanted to get key techs higher before they stage the ultimate jam job and take out the buy stops of the shorts at the highest possible price.

GLTA!

Bob-C

There is something wrong in my opinion with this interpretation.........as a short squeeze needs a large number of retailers holding short positions which is what I guess is probably missing here given that retailers are always late and being late here means being long and bullish if you look at where the market is i.e. the upper band of a trading range lasting since february. My two cents........I hope fib won' t be offended by my personal interpretation and won' t begin sending me his usual love and peace replies.
Best to you Bob

what if this coming week or the following one......is instead a ''buy the rumour sell the new'' type of event ? What if they're waiting for the announcement that an agreement to raise the deficit budget has been found and the markets begin going down instead of up as anyone would be waiting for ?

Hi everyone, IMVHO, this past Friday under the cover of a down INDU (Dow-30) the techs including AAPL, QQQs, AMZN, and GOOG were raised sharply while the media harped on the down INDU as usual. The PTB wanted to get key techs higher before they stage the ultimate jam job and take out the buy stops of the shorts at the highest possible price.

GLTA!

Bob-C

There is something wrong in my opinion with this interpretation.........as a short squeeze needs a large number of retailers holding short positions which is what I guess is probably missing here given that retailers are always late and being late here means being long and bullish if you look at where the market is i.e. the upper band of a trading range lasting since february. My two cents........I hope fib won' t be offended by my personal interpretation and won' t begin sending me his usual love and peace replies.
Best to you Bob

Hi andr99,, nice to hear from you, thanks very much for sharing your well-stated analysis and insights. Please see the following VIX daily chart:

http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=3&dy=0&i=p83340707313&r=2948.png






Note, the VIX Full and Fast STOs have both inflected concave downward and crossed negatively below their signal lines. The VIX MACD has turned negative and the VIX 5 DMA has crossed negatively below its 8 DMA. VIX has crossed below the BB 20 DMA into the lower half of its BB and IMHO, is headed towards the bottom of its BB which suggests the possibility of higher prices to come for the market. Yes, the VIX is a volatility indicator but it has generally had an inverse relationship with the SPX. See the SPX daily chart below which depicts the inverse relationship between the SPX and VIX and shows the positive and rising SPX MACD and the positive and rising SPX Full STO.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p86073080445&r=2930.png

Please also note, the daily QQQ P/C ratio closed at a VST very high bullish ratio of 3.60 despite the sharp rise in the QQQs and the NDX and COMPX on Friday. The QQQ OI (Open Interest) P/C ratio closed at a bullish high ratio of 1.75. IMHO, all of the above points of information and charts that I have presented above add weight to the evidence in favor of the case for a possible short squeeze and higher prices to come this coming week.

Best,

Bob

IMHO, all of the above points of information and charts that I have presented above add weight to the evidence in favor of the case for a possible short squeeze and higher prices to come this coming week.

Best,

Bob

I do not follow the vix, but it looks to me like starting to trend up as soon as it touches 16. It looks like it has formed a divergence with the market's general sideways action having been trending slightly up since april. I' m not saying you are wrong and a spike up could be possible for the sp, but imo ......it's unprobable a substained rally from here. Just my two cents Bob, not aiming at contractdicting you but just pointing to underline the other possible different solution for this lateral action lasting months. You might well be right but I wouldn' t feel comfortable opening a long position here

http://www.upload3r..../1311503986.png

Edited by andr99, 24 July 2011 - 06:01 AM.

The "news" has been bought all week, and now a celebratory moon shot on the US ability to go further into debt? What are we, a buncha Greeks?

Edited by selecto, 24 July 2011 - 07:33 AM.