Morning Audibles 7.6.10 - About Face?

Posted by CV on Tuesday, July 6, 2010 /
Futures were pointing towards about a 20 handle drop at the open, but obviously TPTB have decided overnight that it's really just too scary for markets ever to go down...


That ought to make one feel very secure in holding longs (for the long term) right?


So the markets have done an about face... Latest quote sees futures opening in GREEN territory (up about 4 handles - which was about a 24 handle reverse while you were in "beddie bye")...


Here's what it basically looks like...


Little did anyone know that "Hope" & "Change" meant that you hoped your 401K wouldn't go down, but if it did, you'd have a pals in the right places to look the other way while their masters actively "changed" every outcome to their own benefit...


Interested in seeing how it's done in REAL TIME?


Or... Nowadays apparently NOT...



Obama admin bans press from filming BP oil spill areas in the Gulf



That's CONTROL YOU CAN BELIEVE IN!

218 comments:

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mcHAPPY said...

Wow, Nic. That is impressive.

July 6, 2010 at 3:24 PM
McFearless said...

"This is not money that is waiting to be spent. It is a stack of IOUs"

I've been saying this like a damn robot since last March, there was NO NEW MONEY created during any of this...it is ALL CREDIT! they swapped old "shitty" credit for new "shitty" credit, these corps are sitting on shiny new piles of shit.

"there are a trillion dollars in cash on corporate balance sheets" makes for some compelling rationalizing on the MSM though.

July 6, 2010 at 3:24 PM
karen said...

Fitch Downgrades GMAC Commercial Mortgage Securities 2001-C1; Assigns Outlooks & LS Ratings
3:19 PM ET 7/6/10 | BusinessWire

July 6, 2010 at 3:25 PM
McFearless said...

test...again

July 6, 2010 at 3:25 PM
McFearless said...

oh forget this bullshit.

July 6, 2010 at 3:25 PM
18 said...

Maybe you'll think this is some trick with numbers, I don't know. I've followed this for years now, but, not really sure how to implement it into a trading system other than using it for possible support/resistance levels.

Lately, you'll notice we sometimes gravitate back towards 1044, which happens to be a key level number. Remember "what's his name" 1097, well 1098 is a key level number. To me, it really seems like some of these numbers are magnetic.

18 Key Levels are every 3rd 18 multiple.

54
108
162
216
288
342
396
450
504
558
612
666
720
774
828
882
936
990
1044
1098
1152
1206
1260
1314
1368
1422
1476
1530
1584
1638

May-10 HIGH = 1205.13 within 0.87 points of 1206 Key Level
Apr-10 HIGH = 1219.80 within 13.80 points of 1206 Key Level
Mar-09 LOW = 666.79 within 0.79 points of 666 Key Level
Oct-07 HIGH = 1576.09 within 7.91 points of 1584 Key Level
Oct-02 LOW = 768.63 within 5.37 points of 774 Key Level
Jul-02 LOW = 775.68 within 1.68 points from 774 Key Level
Sep-00 HIGH = 1530.09 within 0.09 points from 1530 Key Level
Mar-00 HIGH = 1552.87 within 22.87 points of 1530 Key Level
Oct-02 LOW = 768.63 within 5.37 points of 774 Key Level
Oct-87 LOW = 216.46 within 0.46 points of 216 Key Level
Aug-87 HIGH = 337.89 within 4.11 points of 342 Key Level

All in all, I just find this very interesting how some of these turning points seem to be so close.

18

July 6, 2010 at 3:30 PM
72bat said...

sweeet! bot spxu this a.m. @38.11, just sold @40.80.

July 6, 2010 at 3:40 PM
AmenRa said...

Will the PPT be place in front of a firing squad again? Inquiring mind want to know.

July 6, 2010 at 3:40 PM
AmenRa said...

test

blogger still acting up

July 6, 2010 at 3:41 PM
Anonymous said...

test

July 6, 2010 at 3:44 PM
Anonymous said...

test

July 6, 2010 at 3:45 PM
AmenRa said...

Blogger is acting up when market manipulation kicks in. Figures.

July 6, 2010 at 3:47 PM
72bat said...

nic -
from the urban dictionary for us not-so-with-it types, we'll go with the first entry
wolly
"Jovial term for someone who says or does something silly"
'cos none of these in the second entry even remotely would apply to you
1) complete Waste Of Life
2) lacking the intelligence to accomplish any goal without the assistance of another
3) the living definition of a hypocrite
4) actual evidence as to the discontinuance of procreation
5) possesses the uncanny ability to eliminate any humor in any situation at any given time
a) Jared
b) anyone you truly dislike

July 6, 2010 at 3:48 PM
karen said...

Is this UFB, or what? and can't even post... manic market is a total crap shoot..

July 6, 2010 at 3:49 PM
72bat said...

crap! blogger is constipated again!

July 6, 2010 at 3:52 PM
CV said...

if anybody can read this...
New thread up

July 6, 2010 at 3:56 PM
Anonymous said...

test

July 6, 2010 at 3:57 PM
72bat said...

apparently epicureandealmaker's last blog entry. hope not. his prose and elliptic humor was of the caliber of, and often topped, the best of macro-man. would be sad to hear no more from him.

July 6, 2010 at 4:00 PM
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