IMF may need billions in extra funding...

http://www.telegraph.co.uk/finance/financialcrisis/8788223/Christine-Lagarde-IMF-may-need-billions-in-extra-funding.html

I luv the british tabloids, if you need the real news go there... here's http://www.telegraph.co.uk/finance/financevideo/8785741/George-Osborne-weve-got-weeks-not-months-for-the-Eurozone-to-take-action.html       and I think that Maria had this guy on not too long ago.. http://www.telegraph.co.uk/finance/financialcrisis/8782351/World-Banks-Robert-Zoellick-the-world-is-in-a-danger-zone.html     Geee whizzzzzzzz is that enough... Protesters in NYPD land ....spraying pepper sray and arresting those sacrificial lambs off of the Wall street!!!!!!! what  all of that in just a few days... hummm wonder what is next?????   the old wall of worry is getting thick and people all over the world are about to panick... civil unrest could occur at anytime...

Upside potential is whaning a good fight from what I see tonight... it is getting closer and we should turn  down from what I see either tomorrow or Wed.  but Clorox could be the buy of the yr in just a few days...
so keep your eyes on that ... but still looking for the 1070 ish area... same turning area that you have RR...oct 4th give or take a few days... the top should be in tomorrow and bottom by the 4th..... goodnight>L

Futures up....but Greece is still the best Movie....

Ok, Asia is lower,  Michael Vicks breaks his arm, Obama is campaigning already,  and Merkell is trying to save a dying Greece.  If Greece goes who is next?   Foreclosures in the U.S. where up again in the mo. of August. http://www.worldpropertychannel.com/us-markets/residential-real-estate-1/realtytrac-us-foreclosure-market-report-home-foreclosure-report-default-notices-nod-lis-foreclosure-filings-distressed-home-sales-bank-reo-sales-4774.php                                                                                              

OK, we have alot to cover tonight...http://www.livecharts.co.uk/Members/display_stock_pivots.php  this gives all the Pivots for almost anything covered or smotherd on wall street.  

So, now you know fib pivots, and cam levels... it makes it easier to set yourself up for the next few days...

From what I see at the moment we are at a very close bottom of this wave... but we could have a very quick A/B/C move that could last just a few days... so Tues is very important in my opinion and the 1150ish area is very important... we could go up (futures are indicating that already) but I am looking for this to just be a quick move, and down we go again.... EW is calling for further downside movement too... broad range targets between 1050-1070.  Well, we have to look at the possibility that we are very oversold too... so Upside potential from what I see... is 1170... and if we go higher than 1180, well, the bulls are back in town.

I am watching the Colts vs. Pitts game... Rothisberger has gotten slower....and is getting sacked alot tonight.... Colts look good... but never drive in Indy after a game is let out... they are all drunk behind the wheel ... bad really bad there..... and can anyone tell me whats UP with the Long Hair in FOOTBALL.... its awonder their brains have not been pulled out from under those Helments...LOL!  ....... Have a good day trading tomorrow... Later.L

Krugman

http://www.nytimes.com/2011/09/12/opinion/an-impeccable-disaster.html?src=me&ref=general

China CPI Very important for tomorrow's trading.... and then their is OBAMA...

You need to Pass this right away..... pass what... tax cuts... the American Jobs Act... You need to pass this right away... thats about all I hear at this moment.... they could have just given all of us a million dollars each and this would all go away... instead they just keep spending Trillions... I think this President stands Neutral with me... he reminds me of Ronald Reagan... great speaker...good actor... good man inside... but his Congress and Senate are not even clapping... Oh.... the times are a changing..... OK  enough of the Obama plan...

China CPI..... this # tomorrow will be important....  very.... important... http://www.businessinsider.com/china-august-inflation-2011-09        

The weather is a changing too.... http://www.noaanews.noaa.gov/stories2011/20110908_lanina.html       OK, I gotta run... but his speech is nothing new....boring... later>L

LABOR DAY!!!!!!!!!!!!!!!!!!!!

The jobs report was just perfect for the start of a possible wave 3 down.... Bernanke will be coming to the rescue soon, but he will be forced to do it...He does not want to do anymore stimulus;  he knows what it will do to the people and to the debt of the U.S..  The goverment, if you can call it that, is finally beginning to wake up a bit... huuuummm.... and they are realizing that the Big Corporate Paychecks that they have recieved from the lobbyist's have been a bribe for yrs, as they now realize that they(the Corporations) have taken over the Country and pretty much control it.  Goverment  and Wall STreet are controlled by big business, the BIG Corporate buy backs on stock, has only giiven a few CEO's HUGE  PAYCHECKS!, and left the stock holders with nothing. Even my Co's CEO Scott Davis got a wopper of a raise!!!!!  while most of the new hire's(those unfortunate few) got screwed by having to work their A's off  for pennies on the dollar!  

If most of you have not figured it out by now Slavery has never ended!!!!     We the People, have been, and will continue to be at the mercy of Corporations and Goverment  for our lives before this is over with.  I know some of you think I am welll........ Nuts at times..... but you have got to wake up... this is not a bad dream People!!!!!!  Reality is you have NO $$$$$ to pay for Gas.... $3.48 yesterday morning, by 5oclock pm  it had jumped to $3.75.....  How can the poor get to work and feed their children on $8.00 an hour? and still have $$ to put a roof over their heads, get the car fixed ????   They walk, ride a bike, they go to second hand stores for almost everything, and they climb into dumpsters for food.

We snarl in digust when we see this... we feel sorry for them... but now even the what we called rich, wealthy and upper lower middle class are on the streets just trying to live...survive.  They have sold everything for pennies on the dollar... last wkend I saw a guy pull up with a very very expensive SUV, at the flea mkt get out and put all his high dollar toys on a table... stereo's, shoes, shirts, jewlery... now had he lost his  job, or was he addicted to coke... who knows... all I can tell you he looked lost, desperate, and had no idea what he had got himself into... You could tell, that the flea's where going to eat him up... thats a flea mkt for you... he needed cash now...sad.....

This could be you next.... prepare..   THE PROTEST IS ON>>>  Its Labor Day wkend... we all need to PROTEST in the streets   OUR JOBS are in Tokyo, and Bejing, Bangladesh and Thailand... we need them back... they belong here where they once where.

Have a great Labor DAY wkend.... jobs are what its all about....