5 worries on Wall Street

[what_a_disasta]

Agreed! I was just yanking your chain.

[Anonymous]

Good job getting me to mildly bark, sir!

[Anonymous]

Good job getting me to mildly bark, sir!

[Chris Scoreboard Johnston]

Confirmed Hindenburg Omen, what is the world is that supposed to mean? Define that for us. I also like the qualifer to that, which way is it a crash or not, get off the fence. Who is wikepedia.com?

[Chris Scoreboard Johnston]

Confirmed Hindenburg Omen, what is the world is that supposed to mean? Define that for us. I also like the qualifer to that, which way is it a crash or not, get off the fence. Who is wikepedia.com?

[patientrenter]

Chris,

w_a_d is just having a little fun at yours and jg’s expense. I’d say there are some people out there who think the technical analysis you’re using is equivalent to astrology. I’ll stay neutral in my ringside seat as the chains get yanked in the ring!

Patient renter in OC

[patientrenter]

Chris,

w_a_d is just having a little fun at yours and jg’s expense. I’d say there are some people out there who think the technical analysis you’re using is equivalent to astrology. I’ll stay neutral in my ringside seat as the chains get yanked in the ring!

Patient renter in OC

[kewp]

Heh, I thought it was a joke as well. Turns out its the real deal (at least, the concept exists).

http://en.wikipedia.org/wiki/Hindenburg_omen

This is the kicker however:

“On the other hand there has never been a significant stock market decline in history, that was not preceded by a confirmed Hindenburg Omen.”

Kind of like shooting an arrow at the side of a barn and then drawing the bullseye around it.

[kewp]

Heh, I thought it was a joke as well. Turns out its the real deal (at least, the concept exists).

http://en.wikipedia.org/wiki/Hindenburg_omen

This is the kicker however:

“On the other hand there has never been a significant stock market decline in history, that was not preceded by a confirmed Hindenburg Omen.”

Kind of like shooting an arrow at the side of a barn and then drawing the bullseye around it.

[Anonymous]

Consumer confidence below expectations; new home sales (which is a major driver of GDP, unlike sales of resale homes) below expectations:

http://www.marketwatch.com/news/economy/economic_calendar.asp?siteId=

Which means, in these ‘Alice in Wonderland’ times, that the market should go up one-to-two percent.

[Anonymous]

Consumer confidence below expectations; new home sales (which is a major driver of GDP, unlike sales of resale homes) below expectations:

http://www.marketwatch.com/news/economy/economic_calendar.asp?siteId=

Which means, in these ‘Alice in Wonderland’ times, that the market should go up one-to-two percent.

[Anonymous]

I’m shocked. The market did NOT end 100 points UP on the bad news.

Looks like folks are getting sanguine to the economic and financial risks:

— VIX is up to 18.8.
— Folks must be buying SDS (double inverse of the S&P 500); the S&P 500 was down 0.3%, but SDS was up 2.0%.

Yep, look at that SDS volume at the bottom:
http://finance.yahoo.com/charts#chart1:symbol=sds;range=1d;indicator=volume;charttype=line;crosshair=on;logscale=on;source=undefined

The sheeple are getting nervous. C’mon meltdown!

[Anonymous]

I’m shocked. The market did NOT end 100 points UP on the bad news.

Looks like folks are getting sanguine to the economic and financial risks:

— VIX is up to 18.8.
— Folks must be buying SDS (double inverse of the S&P 500); the S&P 500 was down 0.3%, but SDS was up 2.0%.

Yep, look at that SDS volume at the bottom:
http://finance.yahoo.com/charts#chart1:symbol=sds;range=1d;indicator=volume;charttype=line;crosshair=on;logscale=on;source=undefined

The sheeple are getting nervous. C’mon meltdown!

[PD]

I had thought that gold would do well in a meltdown but now I’m not sure. I’m starting to think that many overleveraged entities are being forced to liquidate their gold. Am I off base here? Chris, can you tell us what your program is saying about gold right now?

[PD]

I had thought that gold would do well in a meltdown but now I’m not sure. I’m starting to think that many overleveraged entities are being forced to liquidate their gold. Am I off base here? Chris, can you tell us what your program is saying about gold right now?

[Author]

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