Monday, February 14, 2011

Grid Iron

This current mkt condition to me is at a serious point.  Both sides are fighting hard if you ask me, the bulls are still in control but the real data is starting to surface... but Uncle Ben and China are the controllers of it all if you ask me. The questions that are stirring in my mind is how bad is the Job situation in China? Is there a Bubble in their own Housing mkt. ?  China is low on food, water, and commodities in general... or are they?  could this be another run  that they are creating these false bubbles on purpose to make trillions of dollars back that the U.S. gov owes them, but can not pay? China is buying gold as I have stated before.. outbuying India.. and recently the British gov't in now considering the same flight... to gold... whats up with the precious metals??? flight from their own dollars???  I stated many yrs ago to buy as much silver as possible.. and if you did it is paying off... buttttttt  silver and gold could take a major drop in price again  and if it does... I really feel that it is another buying opportunity if you have the extra $$$  because I am looking at $100 on silver on the next round... inflation or deflationary situations this time... I feel that the precious metals will go up higher and higher.....  
Back to the Market..... again we need a nice correction and our friends at CNBC has been having alot of their buddies on saying a correction is wayyyyyyyyy over due.. well, yes but the 2yr time window is coming in March... and Uncle Mchugh has a bradley turn date on the 17th,, buttt his Phi mate turn date in TODAY.... we are overbought and have overextended this rally and it has been to wipe out all the bears and to get all their money... while getting others to overextend themselves to the long side and get more out of their pockets(yours and mine)...bens magic and 600 billion are still at work... pooffffffffff!!!!!!  Have a Nice Valentines day!   

Wednesday, February 2, 2011

Near and Far

Ahhhh, now some of you are extremely lucky. Living in what I would consider Paradise at the moment, sunshine, maybe a bit of rain, but at least the temperatures are warm, not Icy like the mid-west is at the moment.
Now I am lucky that tonight, because of Mother Nature, I get to do an update that I should have already done over the wkend.  Sorry, again. We have just been cloobered by Old man winter this yr. It feels like winter is never going to end. So to some of you out there, just thank your lucky stars you do not have 3 inches of ice hanging on your roof, to others who might frequent this site and you live in Snow,ice and Fear, well sorry your feeling the winter blues too!!

To my update:  Momentum and Near Term lines in my opinion are BULLISH.. Overbought conditions do persist though long term... some may not agree, that is fine I do understand your stance on that... but for you we still have room to the upside...  I am looking now at the 1310-17 area in the $SPX.  There is of course the possibility of it going higher but lets go for that for now... 1350 is not out of the ?   I got caught on this one to the downside.. so I am a little pissed to say the least.. Mon. was not a good day for the Flipper... oh well we live and learn... have a good day..>L