5 years ago
Tuesday, October 12, 2010
Update
3C 1 min is negative on the DIA, SPY and QQQQ. This seems like an obvious trap. I'll elaborate more once I put all the information together, but the key is Yellin front running the release of the minutes.
9 comments:
Front running?
I thought you said 3C was negative going into the FED minutes news?
"All 3 averages are in the negative on the 1 minute going into the release of the Fed minutes."
Another weak close.
Weak, but higher... and all these going higher moves add up over the days and weeks...
especially when all the 3C signs pointed to this being a good down day. It's getting way way way too many things wrong...
... and we'll have POMO back soon.
I think what Brandt is trying say is that retail is buying the hype on TV and going into the Shark Infested Market with out the life guards on duty!!! All of this, while in the background you have little bits of information being leaked here and there indicating the FED is rethinking the whole QE2. If the FED indicates it really doesn't think it is needed now or to a much smaller degree (regardless if it is or not, it won't work and is a waste of tax payer money and is going to further intensify inflationary pressures) the market is going to drop like a brick sucking with it all the retail and mutual fund advisors who wanted to play in the water. At least this is my theory of the days to come. I sure hope it happens soon, as I won't be able to follow the market soon for about a week. If I do get service it is going to be sporadic at the top of a mountian and I may not be able to trade.
Brandt,
It would be great if you could run the major stocks reporting earnings through 3C prior to earnings being released. For example, Intel is now reporting.
Jack,
There's no way retail are in this market. I said it at DOW 10500, and i'm saying it at 11,000.
Only the FED is in the market along with HFT. The 'stick-saves' we see should show you that. You think that it's retail buying that is turning the market around 180 degrees when the market is falling fast?
So, what went wrong with the 3C 5minute SPY chart Brandt? It's had a bad leading negative divergence since last Thursday.
Well, we finished at SPY $117.0
I told you when we were at the supposed reversal point of SPY $113, why wouldn't they take it to $114, or $115, or $116... well we are now at SPY $117, and theres no reason to think they won't take it higher.
They have perfect control of the market, they can take it wherever they want with or without POMO money.
There is no downside volume, because there is no one in the market to sell, so they have little opposition to pumping the market.
Still think the SPY 'broke' on the 23rd of September Brandt? Nearly 3 weeks ago now and we are roughly 45 points higher on the SPY now?
One thing is for sure, i don't feel like a wolf when i am being sheered daily.
I bet your 'high roller' is glad to be out, right Brandt?
After hours getting a bit of a goosing on earnings releases.
Seriously this is bad:
3C said accumulation in the dollar, yet it's gone through the floor.
3C said distribution in equities, yet they have gone through the roof.
3C said accumulation in VIX, and yet VIX is now at 5 month lows.
3C said silver looked ugly, and yet it has gone up over 12% since.
3C said 'is this the top' in gold? and yet has gone up over $100 an ounce since!
Seriously, this is bad. No two ways about it.
What is going on here Brandt?
Can you post that 3C 5 minute chart you've been posting since last Thursday please Brandt, i'd like to see if/how it's changed with regard to todays market 15 point swing.
Post a Comment