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To: ahhaha who wrote (20758)4/12/2012 2:47:55 PM
From: sixty2nds
of 24466
 
Proceed with extreme caution. eom

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To: sixty2nds who wrote (20759)4/12/2012 3:13:14 PM
From: ahhaha
of 24466
 
The DOW trannies are laying out a distributive top that double double tops the cycle and decade. I rate this as extremely bearish. It is possible for it to negate the structure but it has to negate it by advancing slowly through 5400 and then 5700. Meanwhile, what is it doing? On rallies it moves up unconvincingly to put in declining tops, in Feb, Mar, and maybe now. Given the ease of rise and the fact that the previous five days sell-off literally ripped away much of what was gained over the last 3 months, I'd say you have a situation of no conviction based on growing invisibility of earnings.

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To: ahhaha who wrote (20760)4/12/2012 3:23:11 PM
From: sixty2nds
of 24466
 
All true, but INTC is making multi year highs again. Nobody believes in nuttn.

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To: ahhaha who wrote (20760)4/12/2012 3:29:48 PM
From: ahhaha
of 24466
 
So far today the DOW has rallied up to its 50MA on putrid volume also in their presumed cover, the ETFs.

I notice all the pies, especially the Chinese ones, are flying high but their ET flows suck. Both the DOW and the pies aren't rising so much from short covering as they are from Lil Guy speculation. How do I know? I watch the direct flow(!) and monitor ET flow in real time, plus I've been doing this for ...Is it time to go short? No. The market is so weak that it can easily rise. Won't break without news.

Some guy is preaching the virtue of the banks on CNBC. ET flow doesn't agree. I held GS because flow was good but it reversed and I sold at the top. Thought it would merely correct but now it looks like a much more serious downside move is developing. Hard to believe from a visible fundamental perspective, but how much is invisible?

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To: sixty2nds who wrote (20761)4/12/2012 3:36:31 PM
From: ahhaha
of 24466
 
Valid critique but only up to the DOW trannies '07 -'08 top. INTC is at its '06 top. Its '03 top is 31.

The situation could go either way. INTC doesn't have much downside risk because it has underperformed for a decade. It's not hard to see how its '90s trend is much steeper.

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To: ahhaha who wrote (20763)4/12/2012 3:57:27 PM
From: cmg
of 24466
 
Markets don't usually repeat 2011 and 2012 but with taxes going up next year, election etc.............. it could be a rough 2nd half like last year..........Welcome back, ahhaha.......I missed your contributions. Hope all is well.

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To: cmg who wrote (20764)4/12/2012 4:19:30 PM
From: ahhaha
of 24466
 
Markets don't usually repeat 2011 and 2012

?

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To: sixty2nds who wrote (20761)4/12/2012 11:27:34 PM
From: frankw1900
of 24466
 
Nobody believes in nuttn.

Somebody believes sumpin. This has a PE of 70: ARMH



Maybe this weekend I'll have time to find what the story really is.

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From: Lhn54/12/2012 11:28:04 PM
of 24466
 
bloomberg.com

Fracking tied to earthquake activity? The new global warming?

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To: Lhn5 who wrote (20767)4/13/2012 10:30:01 AM
From: ahhaha
of 24466
 
The atmospheric pseudo scientists believe that the climate is finely balanced. A small perturbation could launch a cascading causal series of events that brings long term change to the climate.

Then, since you aren't even willing to pick up one piece of trash the earth hots up and burns down.

They reproduce this argument as a further argument to get you out of your car. Underground everything is finely balanced. An unnecessary explosion in order to look for fossil fuel could cause the fine balance to slip.

Then, the San Andreas swallows LA.

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