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11-15-2012 06:45 AM
to the top, from half mast.
Presented sans political commentary- 200 dma cleared in all the major indices with nothing but a puny retest effort so far. In Elliott terms, a third of a third down lies ahead as the best count.
Probably won't be good for grains or livestock when it occurs.
11-15-2012 08:22 AM
TXN is laying of a huge percentage of their workforce....
DD and DOW started down that road a month ago........
APPL is still humming but great sales are turning into OK sales and its showing cracks.......
This thing has been building for awhile.........
Throw in some Europe for spice......
A middle east that is bubbling.......
And a fiscal cliff with a lame duck administration and congress.......
Sentiment is sour.........
This market wants to believe, but after so much and starring into the abiss..........when she finally gives up it will be nasty.......
As mentioned.......TAKE NOTES........next 12 months will be telling.........
So the burning question I have is.......who will bobblehead blame this time........
11-15-2012 10:20 AM
I can't sell the bobblehead we have in office.....
Big difference noxy..........you been hanging with krafty too long.........don't become a tin can.....
11-15-2012 11:33 AM - edited 11-15-2012 12:19 PM
ok, MT, i would've been stoped out on ES on breakdown of ledge 745 am cent...waiting for another entry
however, i am looking for traction near here
11-15-2012 12:43 PM
Let's face it, there have been a million calls for crashes after the 'big one and the record shows they've been a cries of 'wolf'. And part of the blame game.
11-15-2012 03:00 PM
There aer crashes and then there are crashes.
'29 or '08 style, probably not yet.
'11 debt celing or '10 flash crash types, sure. And they had a big impact on commodities in the near term.