Thursday, June 14, 2012

WE'RE GONNA NEED A BIGGER BOAT!

It's hard to tune out the noise when they shove it right in your face during the final hour of trading......but you have to in this market. Things are getting desperate when the cabal plants these type of stories in the middle of trading. Shades of 2008, but they are in no position to respond with anything but massive printing when they run out of rumor time....and they indeed are running out of rumor time. This kind of sledding is end game stuff for many hedges. They're leveraged and they're trying to maintain their clients in the BEAR of all bear markets and they're drowning. Maintaining a problem created by extreme leverage by adding leverage is suicide so if you are the Cabal.........you know that you are in the ultimate game of chicken. They know and they also know how they are going to try to end this game. Ultimately there will be a day of reckoning......they will survive.....many of us won't. Unless you are prepared this will hit you right between the eyes and expect it to land on you like a thunderclap.....out of the sky blue and out of nowhere.The rumors and statements from the central bankers virtually guarantee a major announcement within a week. If they disappoint Monday will be bloody but they've already told you they are coming. You know the rest of the drill. Hope you all enjoy tomorrow....I'll be watching.


43 comments:

  1. I'm sorry but that CGR chart had me laughing out loud. Reminds me of one time when I was fishing in the Gulf of Mexico as a teenager.

    Caught some kind of monster with my drag nearly set to maximum. The 50 pound test line was nearly smoking as it made the bzzzzz sound. Just as I was ready to give my rod the mother of all yanks, everything went silent. The fish got it all.... even the stainless steel leader.

    OK back to reality. The HL chart is impressive. I'm going to do some charting myself tomorrow morning. Even us gamblers(traders) need to have some longs in the back pocket.

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    1. just noticed that jay.......we have several nicknames for that pattern

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  2. Expecting more nothing today... I freaking HATE Opex weeks. Weekly options have only made this worse too.

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    1. Hubz, I hate expiration weeks too. In fact, I try not to even look at them on Thurs and Fri.

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    2. Anytime I've traded on them I've always lived to regret it. I have NEVER had a good week when I've tried to trade on an opex week. Best to take a break, but difficult to :)

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  3. stopped out GENE...
    the boys are in the bio space playing around heavy right now..
    ISR was driven down to .84 yesterday and now is filling in, back at .95...dd required...Joe was playing with this one..scalp wise

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  4. Gold is up nicely...

    1,630.80
    11.20
    +0.69%

    But miners are not...

    Golden Minerals Company (AUMN)
    4.99 Down 0.07(1.38%) 10:54AM EDT - Nasdaq Real Time Price

    Hecla Mining Co. (HL) 4.71 Down 0.07(1.46%) 10:56AM EDT - Nasdaq Real Time Price

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  5. sold half position in OSIR...hit target of P@F chart...hoping for pullback to reload...

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    1. Osiris Therapeutics, Inc. (OSIR)
      -NasdaqGM

      8.98 Up 0.91(11.28%) 11:04AM EDT - Nasdaq Real Time Price

      Cha Ching!

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    2. really liking the accumulation in DCTH...they have europe hospitals using their product to rave reviews and should see revenue acceleration from her on out...

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  6. Take a look at KGC. Had a great day yesterday, and is green today. Weekly RSI still has plenty of room to run.

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  7. Overall market action so odd today. Just goes to show (in best Cramer voice) WE KNOW NOTHING!!!! ;)

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  8. Ex-Goldmanite Rajat Gupta Convicted Of Insider Trading....are you not proud of the SEC?

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    Replies
    1. He must have stepped on someones toes. Goldman never cares about the thousands of other inside trades emanating from their organization.

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    2. Until Corzine goes down I won't be impressed. :)

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  9. Corzine? not likely. He's special. It is ok to commit criminal acts if yer sPeciAL.

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  10. an inside day candle on some fav's....to remain not mentioned.

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  11. So today Obama is putting 800,000 illegals into a job pool of 17,000,000 Americans out of work.

    Politics have never been so slimy in this country. He cares more about illegal votes than the unemployed citizens.

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    Replies
    1. He care's as much for them as he does the unemployed, just pandering for votes, all part of the show!!!!! He does not have the authority under the Constitution to do this but laws and regulations are only for pleeb's like us cause were not sPeciAL....... hehehehehe

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    2. http://www.zerohedge.com/news/obama-addresses-americas-illegal-aliens-bypasses-congress

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  12. Lots of miners on Amex most active, biggest gainers AND biggest losers list, lol. Take out those stops!

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    Replies
    1. howdy all....remember nancy.....they don't want you on their wagon

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  13. Just bought a little SVM at 6.27. SVM has been selling off all day and now right on the 20 day ema. Hopefully that will be support.

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  14. I have 6.27 as support doc. I just read somewhere (sorry don't remember where) that silver has seasonal bottom in late June.

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  15. KGC picking up steam again!!

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  16. Hahahaha wow! AUQ is gonna put in a nice Hammer. Whatta game! ;)

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  17. GBG is on the move today too with good volume. Needs to get over .77.....

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    1. Well they smashed it back down fast...... no love

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    2. Hahaha same with the others... they are jacking with EVERYONE today :)

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    3. Heavy volume into the close both ways I noticed.

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    4. The volume for the day doubled in the last 15 mins.

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  18. Samething with KGC. Volume really spiked the last 20 mins. Trying to shake everyone out, both ways. I'm better off not watching anymore.

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  19. KGC daily looks very good now with moving solidly over 50RSI and great volume confirmation today.....i like it

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  20. Wow just looked at a bunch of random miner charts like AUQ, TRX, AZK and probably others. But volume exploded and all these were smashed down hard suddenly at the close. I keep looking and thinking the volume numbers have to be misprints but I guess not if it's on multiple stocks. VERY strange... wonder why this happened and who is responsible.

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    Replies
    1. Looks like we got our answer... Greece.

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  21. I saw that doubled the volume of the day in the last 5 minutes and after hours... I would say moving large of shares from the left hand to the right hand as the shares were soaked right up. Bullish?

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    Replies
    1. Maybe a fund or ETF or something along those lines re balancing or something. But just don't remember seeing something like that before, maybe they fat fingered ;)

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  22. pm's gappy on the open. prolly get shot down by mornin.

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  23. ha, did not last 15 minutes....40 cent gap all gone.

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  24. Wonder if Greece will be able to beat Spain's 40 minute bounce on Monday. Guess everybody is starting to get it, last one to the printing press trough gets left holding the bag. The irony is if the CONfidence games in Europe were actually succeeding gold would be popping short term due to inflationary pressures.

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