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.
That is where you are so wrong. Most people have no clue what is going on.
But, so many people in this country actaully DO give a #$%$ about Dancing with the stars and the voice and all this reality garbage. And now with the TWEETING you too can matter and have your little tweets posted on the television. It is another form of dumbing down America.
And not only that, it gets people to talk about this crud while the Gov and Banks extract more and more from the country.
The enitre idea is to get the average person looking at things that simply do not matter and get them talking about it. And if you really want to see where we are headed, just take a look at every one sitting there with their phones texting all day long. You know it has become pervasive, almost like a sickness when you go out and you see EVERYONE HAS A PHONE and they are constantly checking for a tweet or a text.
I do not have a cell phone intentionally. I tell everyone the same thing. You want to contact me? Call and leave a message if I do not answer.
Prop traders can get as high #$%$ to 1 over night and there are places that will give a retail account 7 to 1 over night if you have 1 million or above. That should be telling you quite a bit about the agenda.
You really are not seeing it are you. This is going to be one of the biggest problems ever. There will be no way to grow out of this mess.
Since you are using math to justify your posts, how do you propose that all the Federal Debt which has piled up will be handled?
Tax Revenue does not cover it and even if you use the projections that are found there is still a projected deficit going forward.
You are simply delusional thinking that QE has somehow made some new math model that works.
IF QE was truly effective then the economy would grow in such a manner that the tax revenues were so large that deficit spending was not required. That is the proof that QE would have been effective.
That is the QE math model.
If it was really a true bull market then all stocks would be rising and not just a select few.
The composites comprise at least 6000 stocks if not more........how many with in those composites have taken out new all time highs and how many are dead. That is the real story.
So with that in mind.......did you notice that XLF still has NOT GOTTEN PAST ITS 50 % retrace from its all time high to its all time low which is 22.01.
If that happens then I would assume that the indexes will move up as well.
The nas 100 financials have really done well compared to the XLF. So I guess we will see what happens.
I was looking for 3997.53 to be a big factor today in the COMPX (nas). But once again, not every nas stock is in orbit....just a few.
I would also say that the true terror lies with in the Social Security trust fund. It was looted and has been filled with IOU;s....scary.