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Post by cosmic on May 26, 2010 10:47:48 GMT -5
Clem, are you using Freestockcharts?
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Post by brosin on May 26, 2010 10:49:25 GMT -5
I think you got your stock market crash for this month year decade ?
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Post by clemsontygr on May 26, 2010 10:53:37 GMT -5
Bros: You haven't seen the big move yet....
Cos: Nope, was fiddlin with my Strategy Desk charts.... tried to save and post but it wouldn't load....
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Post by cosmic on May 26, 2010 10:58:31 GMT -5
I've used SD in the past, so should work. Assuming you have a .jpg or .png or some format like that, and have the file on your desktop somewhere... check out this thread: fastopia.proboards.com/index.cgi?action=display&board=info&thread=123&page=1#830If you were trying to do an attachment, could be it's too large (there is a limit on attachment size.) If it's a really big graphic (either dimensions or file size) try the thumbnail code for fastest load times. |
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Post by timber on May 26, 2010 11:22:32 GMT -5
ok lets see what you got
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Post by cosmic on May 26, 2010 11:39:42 GMT -5
Thanks Clem! I made a small change ;D
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Post by rocknroll on May 26, 2010 14:32:20 GMT -5
Why do you feel things will be getting so bad over the next week?
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Post by jack on May 26, 2010 15:36:14 GMT -5
It's not next week, its next month... 1. Katla 2. Greece 3. N.korea 4. 13 Trill debt 5. up 76% since bottom 6. Fears of domestic terror ... 7. Panicy investors remember 2008 all too well... 8. Insolvent banking system. (Mark to Insanity) 9. QE/ FED liquidity dried up shall i continue? Katla wtf(?) yes I know its the volcano Go ahead Clem - let it all out - not good to hold that kinda stuff in! LOL! |
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Post by puurfectten on May 26, 2010 21:28:11 GMT -5
lol..good to see ya clem..  ;)like the brokers say...don't worry...we're ok....lmao.... |
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Post by clemsontygr on Jun 2, 2010 17:58:28 GMT -5
OK kids, the time is soon aproacheth..
This next sell off is going to be deep, deep, DEEP Red...
So you can either:
1. Profit from it, ie. DRV, TZA or FAZ
2. Sideline cash
3. Protect yourself via options.
Me, I'm putting some real coin on this one.
Tza 6.99 avg.
FAZ 14.89 avg.
2/3 in, will add as appropriate thursday and friday (ie. any green days for the markets).
This is a the buy of the year. imho.
As an added bonus, I'll tell you when not sell, and when to sell and flip. Who? will have the courage required to make the serious coinage ?? You ?
This is not advice to buy or trade any particular stock/ETF.
Just letting you's in on my trade setup. And what I see in the stars....
The fun begins early next week.... (Hint: I wouldn't be long over the weekend)
Regards,
CT
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Post by cosmic on Jun 2, 2010 18:14:54 GMT -5
I would appreciate some methodology here to base such doomish positioning on.
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Post by brosin on Jun 2, 2010 18:49:30 GMT -5
Especially if we're going to be so bold as to make this a sticky.
Can I make an Official "MOON" Sticky?
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Post by cosmic on Jun 2, 2010 18:51:50 GMT -5
Well, now, if someone entitles something "Official" and "Sticky" I think the least we can do - based on the topic of course - is make it an official sticky!
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Post by clemsontygr on Jun 2, 2010 19:23:12 GMT -5
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Post by cosmic on Jun 2, 2010 20:46:13 GMT -5
PS: Once this move takes place. I will expect to be promoted to "Moderator" status. Bwahahahahaha ok we'll talk but that's like requesting OT and asking to not get paid ;D Or we could just put a bold red "Called Crash of the Year" under your name like the contest winners get. |
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Post by bullorbearnopigs on Jun 2, 2010 22:51:08 GMT -5
well, fwiw, and imho ..... there have been days when this thread was spot on. i'd say about half the days over the past several weeks - its just that the other half of the days negated the CRash!!! a skizoid market is, in many way (again, imho) more dangerous than a run away bear (especially around 3x bull/bear etf's ) Ok - now i feel better. the only thing still bothering me is that Clem has been right (deadly accurate kinda right!) much more often than not  |
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Post by benvestor on Jun 4, 2010 15:47:42 GMT -5
whether you know it or not, that is what the waves predict.. bubble bubble bubble,..., ...pop wave wave wave ... yes that is my T/A fundamentals.. Banks are going to be regulated.. and everything else www.youtube.com/watch?v=t_xvoKHPv0g (Regulators) |
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Post by benvestor on Jun 4, 2010 15:50:13 GMT -5
and as a half joke.. the 12 is the next full moon.. if we fall next week, then rise the week after, well that makes a H/S of wave one completion.. and then a freefall until the next new moon.. mwhaahhhaa
ok end my raving for today..
Have a good weekend everyone
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Post by ask2lern on Jun 7, 2010 12:39:01 GMT -5
From optionmonster.com
DRJ: Theories behind the 'flash crash'
June 7, 2010 Mon 8:45 AM CT
It's been a month since the May 6 "flash crash," and we still have no official reason for what happened. But here are three possible, some might even say plausible, scenarios.
1. A very possible explanation
A firm, presumably a hedge fund, executed the trade that was the catalyst for the crash. The only reasonable reason that a fund would do such a thing was that they thought they could manipulate the market. (Remember that Goldman Sachs said last spring that the high-frequency algorithms stolen from them could be "used to manipulate the markets in a bad way.") And prior to that manipulation the firm purchased a significant amount of put options.
2. Perhaps the most likely scenario
A firm that clears hedge funds (we'll call it Firm A), also known as a prime broker, has a fund that was bleeding. That becomes the prime broker's problem when the firm in question has nearly depleted its capital. At such time the broker freezes the hedge fund's accounts and takes measures to limit its exposure. After analyzing the firm's positions, the broker decides how many futures it must sell.
Just before executing the futures hedge, an unscrupulous member of the team executing the trade tells a friend at a rival prime broker or hedge fund (Firm B) that they are about to hit the market with $300 million in futures. The message could be something as innocuous as, "Can't join you for lunch today, got a big meeting at 3."
The person on the receiving end of the email knows they just have moments to hit the market with $300 million sale (also known as program trade), executing a portfolio of stocks that make up the bulk of the S&P futures that are about to be sold. The problem is that, instead of selling $300 million, an extra digit--not a "B" as in billions versus "M" as in millions--hits far more stock that is bid for in that millisecond.
Then as the futures trade from Firm A hits, the algos choke do what they are programmed to: shut down. The pressure is too great and as each bid falls, every subsequent bid also falls, creating the proverbial snowball that gets bigger as it gains speed downhill.
3: Probably the least plausible reason
A firm that has not properly set fail-safe systems in its algo trading programs picks up a bad price for a millisecond and generates a program trade, selling million of shares in the blink of an eye. Other than the obvious issue that the trade was triggered by bad data, the program is executed as other large trades come in and basically freezes as it was built to do when an obvious error occurs.
There would be a freakishly small chance that all these events could occur at the same time. I always say there are no coincidences on Wall Street, and this would fall squarely in the coincidence category.
What happened on May 6 remains a very severe problem on so many levels. The regulators are clearly overmatched in intelligence, resources, and political clout. Absent some dramatic changes that curb the fractionalization of our financial markets, letting firms skirt the rules and affirmative obligations that market makers have on the CME, CBOE, NYSE, and Nasdaq, I think the results the next time could be disastrous.
(A version of this article appeared in optionMONSTER's Open Order newsletter of May 19.)
By: Jon "DRJ" Najarian
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Post by timber on Jun 12, 2010 6:44:17 GMT -5
PS: Once this move takes place. I will expect to be promoted to "Moderator" status. If it doesn't materialize..... Well, uhmm, I'll just continue to be a pee-on ...ie. me. :-) lol you want to be a moderator as reward.....that should be the punishment if you lose ;D ;D |
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Post by timber on Jun 12, 2010 6:45:10 GMT -5
im thinking we run the whole summer and crash again in sept
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Post by cosmic on Jun 12, 2010 22:09:15 GMT -5
Clem, gutsy call and quite profitably correct - touching 1040's was a pretty nice dip. However, i wouldn't give up just yet, I agree we need some higher closes here to confirm. Hang on, it's opex.
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Post by blueskies on Jun 12, 2010 22:18:21 GMT -5
okay, i'll get murdered for this and razzed and all else....
two astrologers I like to read have called for a huge dig in the market starting with a powerful lunar eclipse on June 26. They are saying between then and august 14 huge tank.
I do believe and I don't believe in astrology... BUT... it can be eerie and spookily correct at times. so I am interested to watch if this prediction unfolds.
i wouldn't trade in my charts for it... but I do find it interesting that more than one astrologer has specifically mentioned this.
blue
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Post by Rich on Jun 12, 2010 22:25:43 GMT -5
I have an open mind.
I'll give anything a chance.
One of my favorite sayings is "Anything's possible".
But....Blue? Astrology?
Say it ain't so!
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Post by blueskies on Jun 12, 2010 22:31:35 GMT -5
I know Rich, but I just found it so interesting that both these people have specifically mentioned this. They have never mentioned the stock market before. I'll do your chart  I do dabble... blue |
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Post by blueskies on Jun 29, 2010 11:08:05 GMT -5
okay, i'll get murdered for this and razzed and all else.... two astrologers I like to read have called for a huge dig in the market starting with a powerful lunar eclipse on June 26. They are saying between then and august 14 huge tank. I do believe and I don't believe in astrology... BUT... it can be eerie and spookily correct at times. so I am interested to watch if this prediction unfolds. i wouldn't trade in my charts for it... but I do find it interesting that more than one astrologer has specifically mentioned this. blue LOL. maybe they were RIGHT!!! |
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Post by jack on Jun 30, 2010 8:19:40 GMT -5
Update: Bearish Markets persist. Take a look at this attachment from my boy Manfred: img580.imageshack.us/img580/2236/httpwwwamanita.pngNotice how the bearish constellations hit in early Feb and May/June. Weird how the astrology can give you these pretty precise indications eh... ? We have a triple wammy coming up in July/August... How ugly will it get ? I don't really know. (750-850 ?) And then another in Sept. (Double bottom ??) Not to state the obvious here, but the market trend is down, although I'm anticipating some sort of bounce here into early July, will it materialize ? Dunno ... But get ready for the NASTY tho in mid July - Early Aug. Regards, CT Bunk...the astrology part that is... |
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Post by blueskies on Jun 30, 2010 17:32:59 GMT -5
oh YEAH? LOL... guess those two astrologists I like had some inside trading info or something.! just makes me giggle cuz they were right. they are saying until August 14th though... |
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Post by cosmic on Jul 4, 2010 9:22:01 GMT -5
Agreed. I don't think Bradley or Manfred are looking to the heavens to figure out their turns. I mean, I suppose they could be. But why be so complex?
All you have to do is look at when Direxion reverse splits it's various products. When bear ETF's reverse split, we go bullish. When the bull ETF's reverse split, we go bearish.
So, when do the Direxion bear funds reverse split again? (I made a post a while ago on the next date ;D )
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Post by timber on Jul 4, 2010 9:48:50 GMT -5
INTERESTING ABOUT THE DIREXION FUNDS
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;)like the brokers say...don't worry...we're ok....lmao....
I do dabble...