Quacky you could see this coming. They had to do the shakey shakey and take the pig down again so they could move it up. Now they have to hold it up for 16 days to repair the mess.
You really are not too bright are you. It means that the INDEXES are being held up by a few stocks that have to be used to hold them up. It means that the stocks that have been decimated will not recover because it is not economically viable to try to get control. The only way a stock can run freely is if the supply is controlled. It means that too many bridges have been burned and the client base is shrinking. It has nothing to do with room to run or not. It simply means what I said. Stock Indexes mean nothing.
Stocks in general have actually been decimated. Sure there are some that have recovered and blasted to all time highs, but if you look at the STRUCTURE of the COMPOSITES it is easy to see how bad the destruction has been,
I would suggest downloading the composites in the nasdaq and the nyse and then taking a hard look at what the mean price is.
The stock indexes really mean absolutely nothing. 30 stocks in the dow. 100 in the qqq and 500 in the spy.
It is not a stock market, it is a market of stocks and there are many stocks that are simply not ever coming back.
You do not have to seek a pattern, You simply have to understand how scam street operates because they do understand what patterns the pattern seeking primates seek.
Scamstreet is the chart painter and they have the money to trick the pattern seeking primates to respond. Like anything, they have to control the stocks when they paint the chart and make it look like there are blue skies above, so if you do not buy it you may miss out. And like most things in life, when the chart looks "perfect" is when the johnny come lately longs come in or the johnny come lately shorts come in when it looks like it can never go back up.
Think about it. If someone wants to sell their house they make it look perfect. The used car gets patched up and made to look perfect and it could be a lemon.
This is the game that scam street plays. And you can tell when it is happening because people like whatamarket start yakking that their is TOP IMMUNITY.
GOOG was a great example. The day it made yet another all time high the chart look PERFECT. Not a reason in the world to sell that stock. And boom, it came in after all the suckers bought in over 1086. And whatamarket was screaming louder than ever about GOOG and how 2000 in the cards as I recall.
Now of course that same sucker will try to justify the purchase above 1087 and say "it's only down a little".
That is the true game.
When the 2009 low was in that chart looked so bad that there was NO WAY it could ever recover......and scam street bought everything they could knowing that there would be a massive bailout but they sure were out there saying the world was ending. Cramer said DO NOT BUY EQUITIES for 5 years.......during the crash.
SO yes pud, most of the masses have no clue what is going in. But all you have to do is look for a perfect chart that looks like it can NEVER GO DOWN or NEVER GO UP and the suckers will show up. Then you simply DTO.......do the opposite.
Not true. QQQ did not make an all time high in 2013. The all time high is 120.50. So the truth is that the QQQ has not really shown you that there is a retrace only. Getting past 70.13 very important because that is the mid point from the all time high to the all time low and of course many components have come and gone with in that.
About 45 % of the components have changed. So the truth is that 55 % of them pretty much stink.
The upside to the qqq is probably limited. But it will not go up to make a new 2013 or 2014 high unless the price stays above 86.40's other wise its done.
When GOOG hit the recent top the chart could not have looked better. And it got sold. You may want to embrace that concept as well.
They actually buy the rolling vwaps. If they get dumped on then they sell it and try to buy a lower vwap.
The 1 day rolling vwap did not support price at 1809. SO they dumped. No buyers The 2 day rolling vwap topped out at 1806.50 and DID NOT SUPPORT price........so they dumped.
The 3 day vwap is now 1801.25.......and they tried to buy that. The next cluster of vwaps is all the way down at 1798.75. This is how the pumptards actually work and they actually know where every vwap is all the way down to the 252 day vwap.
the incest is the relationship of government with the banks. Just who is really buying worthless gov debt that can not be paid back ever?
Dunrunnin loves to look at the text book definitions of things and so he is not wrong. However, anyone with a brain knows that the real story is the debt to GDP ratio as well as the tax revenue to debt ratio. So the indexes have been somewhat rigged with a few companies that are not immune to this but maybe quasi insulated.
So is there really growth? No. How can there be. What is the rate of change of the GDP year over year and what is the rate of change of DEBT that can not be paid back.
When the interest on the debt can not be serviced then probably game over. Now if they actually have to sell debt to raise the money to pay the interest on the debt well then it's really game over anyway.
It probably is happening because why would there be deficits? If tax revenues due to economic growth covered everything then there would be no need to run deficits. This will matter but it takes time.
Of course I expect the thumbs downs all over the place but if you understand how the losses of GM and various banks were transferred back to the tax payers then you know that these losses were not really ever properly accounted for to start with and simply covered up via QE.
Simple. The little DOW scammo started again on Sept 23. It's about 50 days old.......
Are you really that lost? The NK is a disaster. Not only has the YEN taken a massive haircut but the Nikkei 225 has NEVER REGAINED its MIDPOINT based on its all time high to its all time low.
So why on earth are you even bringing up the NK futures. You discredit yourself completely by doing that.
So until the NK breaks above its midpoint of say........20k plus....its a dead index. That is a fact. If you call yourself a trader then you know that the MIDPOINT is really important.
And, no matter what, the debt to gdp ratio in Japan is 210%. You really think that is a good thing? I think not.
I love it when the phrase "the market" is used. All stocks are not up. In fact many are dead and going nowhere. There are a few stocks that are "up" because it was necessary to pump the stock indexes again. That is an even better reason to like SDS. Scammystreet uses debt to create asset bubbles. This is nothing different now except we have a new subprime creditor knows as Uncle Sam.
Why do you think that this is as good as it gets? Do you think that there are really enough longs in the market yet? See I think that as long as there are so few RETAIL LONGS in the market there is every reason for it to not be top heavy. There are still stocks that are 100 % owned by institutions that can easily be pushed as well.
I do think that XLF is struggling but it may not really be enough to hold things down.
If you were really a good trader then you would have bought 84.81 today with a stop at 84.73. That was the trade that the professionals engaged in. Pros do not buy a high looking for a higher level.