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DOW Watch January 22, 2009 – It’s Alive! It’s Alive!
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[quote:Anonymous Coward 551666:MV83MTA5NDhfMTA4OTYwNzhfN0NDMDUzQTA=] Getting closer to 200 The PPT is such a joke right now.They come in about 1:30pm and agian at 3pm or so. The market turns on a dime.Usually never finishing anywhere near the low of the day. Usually on these down days the high/low is about noon thats whe I exit. Been doing this same thing for the last 6 weeks and only held twice till the end only to get wiped out profit wise. Wait till they kill off all the short ETFs and then re-enter. there is no reason I can think of for a 150pt swing back twords positive other than The FED/GOV. Thats why I'm out by noon. The public awaits GOOGLE results after the bell .I'm sure they will be OK since the market tomorrow rides on their rusults. Google is the temperature of the outside world for the market. JOBS--BAD HOUSING- WORSE Yet the market must always stay at 8150--SP cannot close below 820 for more than 48hrs Hopefully today they let it sink-fukkers. [/quote]
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The PPT that is!
Well I am humbly 0-2 this week and about to send myself to the bench. What have I learned the past two days? That the PPT is alive and well!
I challenge anyone to produce a single piece of good economic news. Long and short there is none. HSBC rises in Europe based on ‘pledge’ of ‘an expanded and prolonged role stabilizing banks’. What a load of garbage! Yet Europe’s stocks are up.
Folks let me repeat the quote by Treasury Secretary Nominee Geithner, ‘an expanded and prolonged role stabilizing banks’. Read between the lines. Expanded and prolonged sounds an awful lot like another way of saying Nationalize the banks. This site often discusses the theory of one global currency. If Banks globally are nationalized then the theory is just one step away from actuality. Frankly, I am very concerned about where this is headed.
End of the day call.
If unemployment numbers top 550K then -245
If unemployment numbers under 550K – 95
If unemployment numbers under 500K +35
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