Hello fellow plungers! It is time for us to get ready for the next downward PLUNGE. Today is starting the downward slope. Let's see if it breaks support levels.
Right now it is down 110 pts.... and falling. Is this another bear trap?
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Hello fellow plungers! It is time for us to get ready for the next downward PLUNGE. Today is starting the downward slope. Let's see if it breaks support levels.
Right now it is down 110 pts.... and falling. Is this another bear trap?
The bears have gotten their faces ripped off lately.
That's only because we got all our legs chopped off in the bear traps.Quote:
Originally Posted by optionT
The plunge protection team has been using our tax dollars against us.... keeping the market pumped. Will they keep it up or will they divert dollars to Treasury bonds?
We have to see the indexes drop below support levels and close there firmly before the market will turn around. There is ALWAYS a punch that comes into the market when these plunges begin. I noticed these starting about a year ago. My guess is the PPT has this rigged to keep people feeling secure.
When everybody is in the market.... watchout. Then they gotcha.
I am gla that yesterday I bought my Canadian fiat......like I said in that post "I can feel that something is going to happen", who knows.........if everything goes ok I will then get more.
Looks like it's stabilized... for now.
Due for a HUGE correction soon, though! ;)
That's exactly what will likely happen. When the Treasury auction start really crapping out, the Top will sell their stocks and buy Bonds. Round 2 of the fleecing of the middle class.Quote:
Originally Posted by Spectrism
This is options expiration week. Great news everywhere about businesses loading up their inventory to meet ANTICIPATED customer demand. There is more activity but the debt is unsustainable. With billions more being floated and going to unknown fatcats, and the tab put on the taxpayers' future, the can is being kicked down the road.... but the can is a mine ready to explode. The game of hot potato is running at the same time as musical chairs.
The VIX (volatility index) looks at the fear in the market. Very low. It is the lowest in about 2 years. This means the cost of distant future put options will be low. If there is going to be a devastating plunge and you want to use options, the time is getting good to select the targets and be ready.
When I looked at the drop in the VIX, it looked much like the edge of an ellipse. If my guess is right, we are close to the bottom there and in the next few weeks we will see this begin to turn around.
Right now we are seeing the DOW still climb (over 11,000) and move sideways.... still bullish. Many dynamics are playing into this complex mess. US borrowed money is spirited off to unknown players. The Obama regime wants to hide any appearance of depression. Treasury debt will exceed the world's hunger for "a safe harbor" and the federal reserve has vowed not to take on more. I don't trust them, so I expect unknown buyers to appear from the shadows.
What will be the trigger to start the whole shift? I gotta go find my monkey wrench.
Any strike recommendations for the long-dated put newbies?
The market is a wild mess of ponzi schemes. It seems that most options players are working off technical analysis- charting the next move, or insider information... on an hourly basis.Quote:
Originally Posted by jaybone
I was hoping we could get some interest in our Finance and Economics area...
http://gold-silver.us/forum/index.php?topic=637.0
Finding weak companies that are ready to fall when the market changes.... or even falling now as the market rises, is the goal. I don't have any good targets at the moment.
ed- some big resistance levels coming up in the DOW. Just looking at one of my lines, I think there could be some fireworks around 11,111. :imskerd:
:dunno
Nice move today. I got short a bit late... wanted to see it move first. Hopefully it will drop til next week...
It almost reached 11,111 on the miniDOW I track....
11004.91 -139.66 1.25%
No PPT today?
Hahaha!! You noticed too!! Maybe they gave up on it. The market must really need a correction here and they will let it go for a bit. Or, maybe they want to see the money sump into Treasuries for a while.Quote:
Originally Posted by MNeagle
maybe they just want to pump up the dollar a few points, to offset the dollar decline when they announce they just printed $1 Trillion.
too early, wait until about 2 o'clock EST. we'll close down only about 30, then monday, BAM! back up 50.Quote:
Originally Posted by Spectrism
They seem to be doing fine keeping it above 11K.
Oops, spoke too soon.
10979.37 -165.20 1.48%
Big change today: Goldman Sachs under investigation for fraud.
Hmmmm.... PPT was using GS to pump the market. Maybe they shut down the pump and said, "How dare you investigate us!"
Too big to fail is also too big to punish.
Notice the volume. Most we have had in 2 months.
Sinclair was right?! April 16.
If we see it close south of that channel, the show is on. If the PPT kicks it back up, we could see the bull continue a little further.
I expect that in the next few minutes- around 1330 EDT- that the action will kick back in. Volume should be higher than previous weeks- back to first week of Feb.
there it goes, right on cue. 2:00 EST. up to 107 already. ::)
so it looks like the PPT goes out to lunch, then comes back to the office & starts buying Dow stocks & S&P stocks & NASDAQ stocks.Quote:
Originally Posted by chad
what a job.
I wish there was a way to know how much money the govt has in the stock market. My feeling is that the market will stampede over the herders if the wind turns just right. The bulls have to be sacred before that happens.
VIX is still pretty low.... no fear.
Just think of how many herders it takes to control one dumb herd.
it is interesting how a high VIX (volatility) correlates to a falling market... How come a rising market isn't associated with high volatility?
some definitions-Quote:
Originally Posted by Neuro
VIX. An index designed to track market volatility as an independent entity. The Market Volatility Index is calculated based on option activity and is used as an indicator of investor sentiment, with high values implying pessimism and low values implying optimism. There are three volatility indexes in the Chicago Board Options Exchange which track the three main stock indexes: the VIX is the most widely used, tracking the S&P 500, but there also is the VXN which tracks the Nasdaq and the VXD which tracks the Dow Jones Industrial Average.
Created in 1993 by the Chicago Board Options Exchange (CBOE) the Market Volatility Index (VIX) measures the volatility of the market and is used to determine risk. Traders use the VIX as a general inverse indicator of market volatility and sentiment. The VIX is the implied volatility on the S&P 100 (OEX) option, calculated from both calls and puts that are near the money. Normally the VIX has an inverse relationship to the market, which means that a rising stock market carries less risk and a declining stock market carries more risk.
The first VIX Index was introduced by the CBOE in 1993 and was a weighted measure of the implied volatility of eight S&P 100 at-themoney put and call options. In 2003, it was expanded to use options that were based on a broader index, the S&P 500 Index, which provides a more accurate picture of investors' expectations of future market volatility. VIX values that are greater than 30 generally are associated with a large amount of volatility as well as greater investor fear and uncertainty. VIX values below 20 generally signal less volatile times for the market.
Although none of the definitions come right out and say it, my guess is that there is a ratio of puts to calls (at same strike prices) in that calculation. Higher puts means higher ratio==> higher VIX
Are we ready for a plunge beast to start making tracks, or is the bull scaring the monster away? We seem to be hitting a resistance level. If this holds and we close lower today, this weakness could push us lower.... or just bounce around in the channel.
I don't think we're done with the reflation theme.
It seems there's enough money to bail out all the too bigs and line their pockets in the process. TPTB print fiat money, I don't think there's a limit to that. With taxes and fiat money machines - what more could you ask for? Nominal asset prices should rise prior to general prices in an inflationary theme.
could today be a good day to plunge?
11,027.28 -97.64 (-0.88%)
Real-time: 9:41AM EDT
This game is being played by the Goldman Sachs thieves. The chop up and down allows them to profit on every trade.Quote:
Originally Posted by gunny highway
I have to wonder how much taxpayer-funded money is in the market right now.
i think the only way the market has gone up is because of taxpayer money. i just wonder how long they will maintain control. sooner or later the point of no return will be reached and we will see a plunge. what really gets me though is that we are dealing in fiction, fictional money, fictional interest and fictional debt. it was all just made up from nothing. the laws of nature say that it's impossible to create something from nothing. yet, here we are on the precipice of financial ruin because of something we just made up. worse yet most Americans are so lazy, ignorant and distracted by pointless sensationalism (as i was for a long time) that they don't even know what they should really be worried about, or what they should be downright upset about. it drives me crazy.
sometimes i can relate to Cypher in the matrix, "ignorance is bliss". then i come to my senses, of course. :)
http://www.youtube.com/watch?v=Z7BuQFUhsRM
my, what a huge surprise, it is recovering nicely. haven't seen that before, at all, no sirree.
We are due for a huge drop. I don't play the markets at all and don't follow them much because I have no money. IT just ridiculous to me that the DOW and other indexes are so high 11,000 + DOW?!?!? Thats complete BS and not a reflection of reality.
I should post this in anecdotal economic field reports, but it fits here to. I have talked to a few people who are on unemployment and rather than find a job, they use the money to "day trade." My ex just got fired today from a large bank ( :D ) and her new boyfriend has also been unemployed for 6 months, he uses the money to "day trade" he among others. The ironic thing is that they will both be making more on unemployment than I am working, go figure ???
and we're 14 points, what a shocka!!!
The casino can have more chips than you can have resolve.
I know, the true one, by RMK, "The market can remain irrational longer than you can remain solvent."
Seriouly, I would recommend investing in honest money, it's at least ... honest.
a little plunging action today:
11078.29 --126.74 1.13%
Goldman Sachs related?
-213.95 -1.91%Quote:
Originally Posted by MNeagle
Thank you. I thought we lost all the plungers at this site!!
Not sure if we will ever see the good ole days like 2008. I was prepared to cut my short positions until I had the dream Friday night. Monday came and I almost stopped out of my bigger positions. But I thought about the dream and held-
http://gold-silver.us/forum/index.php?topic=2940.0
This whole game is a house of cards resting on faith in a greater fool to come along and pay a higher price. When we get days like today- and put a couple or three together, the greater fool increasingly looks like the mug in the mirror. Panic could make this thing shake down.
The volatility is so bad that you cannot effectively use stop-loss limits. If I had set them, I would have been stopped out 3 times today. I think the market sentiment is over the top now, so any bad news will make the people jump out. I will hold my positions for another day.
Interesting interview with Harry S. Dent on GoldSeek radio.
http://www.radio.goldseek.com/player...er04.28.10.php
He is calling for the stock market to continue the rally - perhaps after a small correction... and then in July/August a major crash. DOW down to the 3000 level.
When he starts talking 2018 and 2020, I call BS as it won't go that far. Guessing what is coming 5 years out is a bit much.
We are getting plenty of volatility and a little fear creeping into the market. We dropped the previous day's gains. We could be in the closing leg of a head & shoulders formation.
If we see the white line broken and close below it, we have an interesting technical situation. Gotta get to the 1180 range.