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