Sunday, June 7, 2009

THE DAILY NUMBERS for MONDAY

Why do we even care ....its a scam......oh well 924 for the bears....bulls need to blow out 950.......as usual I will go with the bears......anyway more serious news......watch for UNG to go to my 12.50....next couple of weeks I have a good position but will add at that level........also SLV ...looking for move to 20 or 21.........will sell on that B wave top.......and buy at C bottom......... also holding gld and gdx may lighten up tomorrow on gdx.........will also look at DXDBX...gl gang........

16 comments:

  1. i dont think slv is going to get to 20. jmo

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  2. Wow Kli...the market has really done damage to your confidence! You used to be so staunch in your opinions and now you sound like you simply are throwing a coin in the air.....

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  3. Kli,

    Do you own SLV right now?

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  4. Yup small position and I agree with eric......probably NOT gonna make it to 20....

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  5. Anon....the market has no effect on my confidence but P2 DOES hehehehehe....that is the nature and purpose of P2.....and it works...I predicted that my belief in the cyclical bear of bears would be questioned in P2 and it is..........not by me though just how to play it......leveraged etfs are being used as liquididty......

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  6. See Kli and you only thought it was me :) Good conversation between you and Red I'm getting the picture - Thanks

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  7. With all ya vultures gathering around, UNG will be to shy to drop her pants and capitulate. 5-10% daily moves in commodities are not too unusual, especially at these levels. A nice capitulation should push it south of 12, however if the S&P is stair stepping higher, you will probably get range bound trading between 13 and 17.5 for the next few weeks or longer as it continues to consolidate for a move higher later this summer. I don't have the stomach for day trading commodities, and will only play the longer term trends and occasional rips.

    My opinion is the US government will continue their reflation policy of stagflation by artificially leveraging up the value of banking shares and oil in an attempt to force all asset prices higher and forestall the day of deflation to years out.

    The S&P could drop to 910 and the strong uptrend would still be intact, however I doubt there will be respite for the bears and your 924 level will hold on any severe drop.

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  8. Kli & Immred,

    Why do you guys feel that NatGas prices will fall even lower? oil to gas price ratio is already 18, so you think it will go higher or will oil prices drop along with gas? It's just hard to believe that NatGas will fall below ~$3.50 range. Thanks

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  9. Forced Capitulation of Weak Long Hands so bigger players like GS and their clients can get bigger positions at lower prices. Plus sucker slow to the party shorts believing in $2 gas to form the rocket fuel for a squeeze towards the 200 dma.

    Only problem is a lot of the current accumulation is by very large players with strong hands and stomachs, along with utilities and marketers acquiring long term contracts greater than 1 year. Basically if you were were also a large independent consumer of natural gas and you saw the printing presses going full steam and the risk free treasury rate moving up, you would aggressively go out and try to hedge a larger portion of your natural gas supply for a couple years out.

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  10. It's all a game, I'm cashing out my chips and going to a casino. I make more money playing black jack.

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  11. Thanks Immred, good points. I'm personally accumulating a little at a time at dips, but I guess I better save some dry powder for a possible dip into the $12s. Honestly, I'm really tired of the scam these scummbagas are perpetrating. But I can't help but believe that if we buy NatGas in the $3s and are willing to wait long enough, we'll make money, well hopefully.

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  12. Sammy fwiw......ung should dip to 12 handle but not a guarantee as red is saying.......if they can keep pumpin P2 forget it.......it will see 20 to 30 first.....then wtfks

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  13. KLI... Look at what they did with the DOW today.

    8763.81 + .68

    It must have been fun for GS. They made all the money while knocking out stops.

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  14. KLI: Did you see that spike at the end of the day? Was this more market manipulation?

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  15. Market Participant Conditioning

    "A process of behavior modification by which a subject comes to associate a desired behavior with a previously unrelated stimulus."

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  16. close shows me distribution with the afore mentioned conditioning.........

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