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I had to wait to put out an update because I wanted to see if they
were going to eek out the "all-time" high on the S&P and they
did. Granted it was the "closing" high, as the intra day all time
high was somewhere
Same story, different day. They've gathered their wits about them
and they're pushing for that all-time high on the S&P. So, here
we are from down 100+, to down just 27 and the S&P is again
just 3 points shy of that stupid all time high. I
What did I tell you about low volume days being the easiest for
them to push around? Well we have lousy volume and guess what?
We're two points from the all time S&P high and the DOW is at
an all time high again. Go figure.
Wow, some day eh? They decided that every day depositors were on
the hook for Cyprus banks, and the world rejoiced because Cyprus
was "over". Then we hear from the lunatic in Brussels that Cyprus
is the blueprint for the rest of the EU countries. Well that
Yesterday we bought NUAN. We got in at the 19.60 cross, and it
roared to 20.15. Now today it opens and I'm immediately stopped out
at our entry price. How Rude. On a day where the market is up
across the board and we get
We've been all over the map here today. From almost flattish to
down 128 a couple times. Now at 3:10 we're down about 63.
The only thing I did was take 1000 NUAN as it crossed the 19.60
line and it is at 20.00
Like some doped up lemming I sat here and waited on the Fed
statement, which you could probably xerox from all the other
statements. They "said" by a margin of 11 to 1 that they're going
to hold things "as is" and blah blah blah. So obviously
Well they're doing their best to battle back from a low of 57 as
here at 3:15 we're down 28. As much as this is being propped up, if
we close red it will be the first 3 day losing streak in a long
The market has indeed shrugged off the headline news. While many
are quite happy about that, as they couldn't even let a one day dip
happen, you have to look at the big picture. No matter how much
they try and wave this off,
What a strange morning. We opened flat and then fell for 60
points. Sure you could name a dozen or more reasons for it, but
none of them are anything we didn't see or know yesterday, so
what's up with that?
Is this the