Wednesday, December 30, 2009

Wall Street Volcano ERUPTS!!!!!!!!!!!

Now, if the New York Times Posted that, I would be alot wealthier if you know what I mean...but dreams are hard to come by these days..but like most people I will never stop dreaming...Soooooooo, we have to be patient for our dreams to come true...We crossed a major resistance the other day at 1121 on the S/P.
So we now have downside resistance point that we must break to get the Party or Volcano started...even volcano's give signals (earthquakes, lots of them ) before it erupts.Newest Huffington post: http://www.huffingtonpost.com/  please watch MOVE YOUR MONEY,  So, we have some signals though our triangle is ending, we are gettting closer to the top, but we do not have to hit the top at around 1142, why?, we do not seem to have the strength to get there, the market is weakening every day, now granted we are in the Holiday slowdown, so do we pick up or do we do the Yearly cycle and have a downside move that happens almost every Jan?  Jan is a restructuring month for almost all business's, many have retired, and posts and positions must be filled with qualified or unqualified people, banks are not lending, credit has come to almost a virtual stop, Fannie and Freddie are being more strick on loans, so here we go again, housing should slow to a tortoise pace, and its Winter in the Northern Hemi and most of the people will have no $ because they owe it to the banks for X-Mas and mtg tax is due...Treasuries seem to be going Negative and last but not least off the tip of me brain...The psychological 50% Bear market retracement, we have alot of retired folks who rely on their investments, and they have made alot of $$ over the years, compounding alot of dividends to their advantages, but now their are hardly any good dividend trades left, so should I stay or should I go, that is the ? they are asking themselves...its a tuff decision, but they have lived thru 3 recessions now from the market 87', 2000', and now 07', personally I think we see alot of money withdrawn from stocks and mutual funds very soon. These Baby Boomers are tired and want to Play out their remaining days with $$ in their pockets. Another interesting fact that I ran into is the number of people who are investing in garranteed funds...now some of the figures where really shocking, more CD's have been open this past year than in previous Recessions, and they are moving into guarranteed mutual funds, so the likes of Goldman Sachs, are making out like mad hatters when people do this, it gives them a great basement floor of cash to minipulate the market, but this leads me back to a video that I have saved that took place way back in July 09"  can't get it to work so how about today's Cashin....http://www.cnbc.com/id/15840232?video=1372074761&play=1     Oh well, his old video was based on a 17.6 year cycle...I will get more info..but it was interesting...well, I started buying QID and SDS again yesterday...just a little to add to my shares that I have owned just before the Rally started...so hopefully we will see the Market topping in a few days like Art said...have a great day >L

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