HHHMMMMM, very strange it is!! PERU elects a Socialist President and they sell off 13%, and we in the US elect a Socialist President and we go to Da Stinking Moon!!! Funny stuff, AIN'T IT!!

What Are the Chances of a Rally?
We may be close to a capitulation bottom in the financials, which have led the market lower. Get my full take on the markets here. By Sam Collins, Chief Technical Analyst, InvestorPlace

Charts of the Day:  Click below to view video. 

  By Harry Boxer, www.TheTechTrader.com

 

JJG Grains ETN in Bullish Flag

By Mike Paulenoff, MPTrader.com

For three weeks now, the iPath DJ-UBS Grains TR Sub-Idx ETN (JJG) has been "coiling" atop its most recent upleg off of the May 12 pivot low at 49.77 to the May 19 high at 55.71. My work considers the coil a bull-flag type of pattern that should resolve itself to the upside and which will trigger upside continuation of the larger bullish coil pattern that has formed since the Feb 9 high at 58.25.

As long as near-term support between 53.90 and 53.00 contains any additional weakness, we will continue to be bullish JJG. 

See article and chart at

http://www.mptrader.com/middayminute/ 

Subject: Fw: test Sigh, another one of those "TEST" sites to make me feel Stoopid: Smartorstoopid or http://www.flashbynight.com/test/  Some WWII Iwo Jima photos not normally Found in today's "quick" history updates.  A tiny Island, apparently some amazing crosswinds and Quite possibly the volcanic grit did not make the Best surface for runway operations.             Here are some of the best WWII Pictures I have seen. Don't know where they came from.

http://picasaweb.google.com/7thfighter/IwoJima?authkey=Gv1sRgCIW06db_6oth&feat=email#slideshow/5299163150448181842

SUMBICH!
A filthy rich Florida man decided that he wanted to throw a party and invited all of his buddies and neighbors.

He also invited Leroy, the only Redneck in the neighborhood.
He held the party around the pool in the backyard of his mansion.

Leroy was having a good time drinking, dancing, eating shrimp, oysters and BBQ and flirting with all the women.

At the height of the party, the host said, 'I have a 10 foot man-eating gator in my pool and I'll give a million dollars to anyone who has the nerve to jump in.

The words were barely out of his mouth when there was a loud splash. Everyone turned around and saw Leroy in the pool!

Leroy was fighting the gator and kicking its rear! Leroy was jabbing it in the eyes with his thumbs, throwing punches, head butts and choke holds, biting the gator on the tail and flipping it through the air like some kind of Judo Instructor.

The water was churning and splashing everywhere. Both Leroy and the gator were screaming and raising heck.

Finally Leroy strangled the gator and let it float to the top like a dime store goldfish.

Leroy then slowly climbed out of the pool. Everybody was just staring at him in disbelief.

Finally the host says, 'Well, Leroy, I reckon I owe you a million dollars.'


 'No, that's okay. I don't want It,' said Leroy.

The rich man said, 'Man, I have to give you something You won the bet. How about half a million bucks then?'

No thanks, I don't want it,' answered Leroy.

The host said, 'Come on, I insist on giving you something. That was amazing. How about a new Porsche and a Rolex and some stock options?'
 Again Leroy said no.

Confused, the rich man asked, 'Well, Leroy, then what do  you want?'

Leroy said, 'I want the name of the sumbich who pushed me in the pool!'

Subject: FW: Sense of humour in Iraq

Looks like they can still maintain their sense of humour over there!!

I'm like, totally astonished, amazed and amused, and like, all at the same time.
Sigh, I lead such a sheltered life, this all comes, of course, because of my lack of attention to the markets during the "current" upheaval in my life, and, that "lack of attention" ALSO comes from my piss poor attitude regarding it's future prospects. After leafing through dozens of sites this weekend there's just to many people trying to "sell" me on the absolute baldder dash bull shit idea that we've entered the next generational 20+ year bull market for the ages, sigh, WAD EVER, GO FOR IT! I HOPE YOU MAKE FRICKING MILLIONS! I REALLY DO!

ANYWAY, after getting THAT off my chest, this all started because I did what I do every weekend, and check up on the best T and A site in the WackOshpere, Cobra, to see what's he's thinking on his weekend update, http://cobrasmarketview.blogspot.com/. This started off kind of sloooooooow, and it actually started off with the "amazed" part in that top line, that being because he was talking about the IWM, and the bearish engulfing bar on the weekly chart, and then he gave all the trading stat's on taking a short here, and the one that had the 100% WINNING RATE, and blah blah blah blah blah........ ANYWAY, the part that FIRST amazed me, was that he said we've only had 11 of them since 2000.........!!!???? He didn't actually use the word "ONLY" in his commentary, that comes from me, as I said to myself that has to be absolutely WRONG, we've had a LOT more than that, so, I did what I always do in this case, I went back and looked myself, and since I have no "testing" software any more (well, I DO, but it's on my Ninja charting platform, and I'm still working on the setup on that thing), I did it by HAND, and sure as shit, he's pretty close.
Now, first off (you notice how I cleverly jumped backwards, AND, forward here, hahahahahaha, I've looked at so many charts BEFORE I started writing, that I'm cross eyed AND tired, sigh), I wasn't very impressed with the "Bearish Engulfing" on the IWM, I mean, "technically" it is, BUT, it only broke last weeks low by 7 cents AND closed higher than that low by 12 cents, IE I would have been MORE impressed if it would have closed BELOW last weeks LOW.
Now (jumping, again), what I did was go through three year charts of the IWM on a weekly time frame, back to 1999, counting and marking and blah blah blah blah, and I get done and I'm kind of sitting there and I go,  well, what does the SPY look like, so I go "click", and...................
That's where the astonished part came in (actually, the AMUSED part as well), THAT'S PROBABLY THE SINGLE UUUUGGGGGIIIIILLLLLYYYYYIIISSSSTTTTTT LOOKING FRICKING CANDLE I'VE EVER SEEN!!!!!!!!!!!!!!!!!!! I wasn't astonished about the candle so much as how much it caught me by surprise, hahahahahaha, that goes back to my lack of interest, AND, the fact there's so many Bullish bull shit people I've been reading, I mean, my goodness gracious, I guess it caught me by surprise because I probably had it in the back of my mind that we had put on the complete OPPOSITE type of candle.....

ANYWAY, wrapping this up, the chart's are just a kind of public service thing, you can go through them your self and come to your own conclusions, all I did was save you the time of having to do them all your self, the top chart is the current three year period and it goes down to the bottom chart that goes back to 1996. The RED SLASH's above the candles are weekly Bearish engulfing candles that are "kind" of like the current one, although I'd be hard pressed to say there's very many of them as UGLY as the current one, there's more of them than what I have marked but I kind of just wanted to mark the ones that were in the same CONTEXT of the current one, IE in an UPTREND, and the RED and GREEN CIRCLES and vertical lines coming off the MACD are just kind of an idle little thingey I did, what I did was START with a RED vertical line at each point where the MACD made a negative, or Bearish cross of the MACD, and then the circles are drawn in, INSIDE of, and over to the point where we made a positive, or Bullish cross of the MACD, at the GREEN vertical lines. Now, the RED CIRCLES are where we had NEGATIVE price action after the bearish cross, and the GREEN circles are where we had POSITIVE price action after the Bearish cross, or, that's some times called a WHIP SAW, or WHIP LASH, price action. I also drew some red and green horizontal lines on the MACD to show positive and negative divergences, which is what I actually pay more attention to than the actual cross's and such, as indicator's are a LAGGING product and as such usually don't TEST OUT worth a damn, it's probably more important to use it as a GENERAL guide line type of thing.

CONCLUSIONS: Number one, there is nothing POSITIVE about that horrible stinking candle from last week, AND BY ALL RIGHTS, WE SHOULD GET ANOTHER FRICKING FLASH CRASH, LIKE LAST YEAR AT THIS TIME! With THAT said, number two, with the MASSIVE manipulation going on by the FED and Da Government, ANY THING, can happen, and, probably will, IE, on a personal basis, I COULD GIVE A SHIT LESS, AND I WON'T BE DOING A DAMN THING ABOUT IT, other than watch it with great interest, to see if the Shyster's win out.
Now, with THAT said, I actually, truthfully, MIGHT have some interest, but only on the DOWN side (hahahahaha, some thing new!), I don't care if James prediction of 20,000 comes through NEXT WEEK, I AIN'T BUYING IT! Ok, sigh, I, "MIGHT", but only above $135, I put a RED, GREEN, AND, YELLOW CIRCLE around the CURRENT price action because, naturally, we could go EITHER way, but if you look at what's going on, we have the beginnings of the infamous HEAD AND SHOULDERS formation, I wish I would have drawn it in, in fact, I may refresh myself for awhile and then post it under here, but the TOP of the shoulders are at $135, that's because of the high from February 14th and the high from last week are in that "area", which is where I would "consider" going LONG as we would "break" the pattern, the head of course is the BOF bar from five weeks ago, and the NECK LINE is the CLOSING LOW from March 14th at $127.76. If it set's up, and we break that low, the pattern measures out down to $118.96, which is a decent SHORT, and actually, you have almost the same RISK/REWARD scenario as what you would get going LONG, as most of the bull shit BULLISH commentor's I'm reading have a target above $140, like in the 1440 "area" on the main S and P's. Some thing that add's a little more interest to this idea is that the $120 "level" is just a HUGE "area", as that was where we stopped before the Flash Crash last year, it's a HUGE WHOLE NUMBER, and it was the breaking of it that led to the rally last fall after Labor Day.
Now, with all this said, keep in mind, HEAD AND SHOULDER'S HAVE NOT BEEN WORKING, especially when you start seeing every body and their brother's uncle talking about it on the WachOshpere, which includes ME of course, hahahahhaha, IE, the best example is the MASSIVE one that got magically taken out last August, with the after Labor Day fiasco "rally". The way to play "broken" H and S's is with the Tony Oz method, which I'll include on the chart, and that's by taking the short when we pop back up through the Neck Line, or, TEST the neck line and then go higher, you can get a low risk short off of a trend line drawn from the head down through the right shoulder, IE, it's a TIGHT stop, with the stop above the trend line.
Anyyyyyway, this whole long drawn out thing is just some thing I'm "looking" at, it could get my interest level a little higher.

Subject: FW: Interesting Stuff...

If you are right handed, you will tend to chew your food on the right side of your mouth. If you are left handed, you will tend to chew your food on the left side of your mouth.

 

To make half a kilo of honey, bees must collect nectar from over 2 million individual flowers.

 

Heroin is the brand name of morphine once marketed by 'Bayer'.

 

Tourists visiting Iceland should know that tipping at a restaurant is considered an insult!

 

People in nudist colonies play volleyball more than any other sport.

Albert Einstein was offered the presidency of Israel in 1952, but he declined.

 

Astronauts can't belch - there is no gravity to separate liquid from gas in their stomachs.

 

Ancient Roman, Chinese and German societies often used urine as mouthwash.

 

The Mona Lisa has no eyebrows. In the Renaissance era, it was fashion to shave them off!

 

Because of the speed at which Earth moves around the Sun, it is impossible for a solar eclipse to last more than 7 minutes and 58 seconds.

 

The night of January 20 is "Saint Agnes's Eve", which is regarded as a time when a young woman dreams of her future husband.

 

Google is actually the common name for a number with a million zeros.

 

It takes glass one million years to decompose, which means it never wears out and can be recycled an infinite amount of times!

 

Gold is the only metal that doesn't rust, even if it's buried in the ground for thousands of years.

 

Your tongue is the only muscle in your body that is attached at only one end.  

 

If you stop getting thirsty, you need to drink more water. When a human body is dehydrated, its thirst mechanism shuts off.

 

Each year 2,000,000 smokers either quit smoking or die of tobacco-related diseases.

 

Zero is the only number that cannot be represented by Roman numerals.

 

Kites were used in the American Civil War to deliver letters and newspapers.

 

The song, Auld Lang Syne, is sung at the stroke of midnight in almost every English-speaking country in the world to bring in the new year.

 

Drinking water after eating reduces the acid in your mouth by 61 percent.

 

Peanut oil is used for cooking in submarines because it doesn't smoke unless it's heated above 450�F.

 

The roar that we hear when we place a seashell next to our ear is not the ocean, but rather the sound of blood surging through the veins in the ear.

 

Nine out of every 10 living things live in the ocean.

 

The banana cannot reproduce itself. It can be propagated only by the hand of man.

 

Airports at higher altitudes require a longer airstrip due to lower air density.

 

The University of Alaska spans four time zones.

 

The tooth is the only part of the human body that cannot heal itself.

 

In ancient Greece, tossing an apple to a girl was a traditional proposal of marriage. Catching it meant she accepted.

 

Warner Communications paid $28 million for the copyright to the song Happy Birthday.

 

Intelligent people have more zinc and copper in their hair.

 

A comet's tail always points away from the sun.

 

The Swine Flu vaccine in 1976 caused more death and illness than the disease it was intended to prevent.

 

Caffeine increases the power of aspirin and other painkillers, that is why it is found in some medicines.

 

The military salute is a motion that evolved from medieval times, when knights in armor raised their visors to reveal their identity.

 

If you get into the bottom of a well or a tall chimney and look up, you can see stars, even in the middle of the day.

 

When a person dies, hearing is the last sense to go.  (How the hell do they know that?) The first sense lost is sight.

 

In ancient times strangers shook hands to show that they were unarmed.

 

Strawberries are the only fruits whose seeds grow on the outside.

 

Avocados have the highest calories of any fruit at 167 calories per hundred grams.

 

The moon moves about two inches away from the Earth each year.

 

The Earth gets 100 tons heavier every day due to falling space dust.

 

Due to earth's gravity it is impossible for mountains to be higher than 15,000 meters.

 

Mickey Mouse is known as "Topolino" in Italy.

 

Soldiers do not march in step when going across bridges because they could set up a vibration which could be sufficient to knock the bridge down.

 

Everything weighs one percent less at the equator.

 

For every extra kilogram carried on a space flight, 530 kg of excess fuel are needed at lift-off.

 

The letter "J" does not appear anywhere on the periodic table of the elements.

 

And last but not least : In 2011, July has 5 Fridays, 5 Saturdays, and 5 Sundays. Thisapparently happens once every 823 years! (Some controversy over this last one!  Seehttp://www.snopes.com/inboxer/trivia/fivedays.asp) it ain't true.

 

These are classified ads, which were actually placed in a U.K. newspaper:


 

FREE YORKSHIRE TERRIER.8 years old.
Hateful little bastard.
Bites!

FREE PUPPIES.1/2 Cocker Spaniel, 1/2 sneaky neighbour's dog.
FREE PUPPIES.Mother is a Kennel Club registered German Shepherd.
Father is a Super Dog, able to leap tall fences in a single bound.

COWS, CALVES: NEVER BRED.Also 1 gay bull for sale.

JOINING NUDIST COLONY!
Must sell washer and dryer £100.

WEDDING DRESS FOR SALE ..Worn once by mistake.
Call Stephanie.

And the WINNER is

FOR SALE BY OWNER.
Complete set of Encyclopaedia Britannica, 45 volumes.
Excellent condition, £200 or best offer. No longer needed, got married, wife knows everything. 

Statement of the CenturyThought from the Greatest Living Scottish Thinker--Billy Connolly.
"If women are so bloody perfect at multitasking, how come they can't have a headache and sex at the same time?"

 

If this isn't the damnest "market", we keep doing these weiiiiiiirrrrrrd things MAAANNNNNN! It makes me want to do my Eastwood impression and growl, GGRRRRRRR, hahahahaha, you can probably tell I watched "Grand Torino" on TNT this weekend, a couple of times actually, I think it's funnier than hell (I guess I'm a little warped).
The chart is to small, but I wanted to get the last year in to show how rare these patterns have been, in the last three weeks we've had, in the red circles, a BOF, a Break out Failure bar, that just missed being a Bearish Engulfing bar, and led to four days down in a row, and two, TWO, Island Reversals or Abandoned Baby formations, that led to three days down in a row followed by a green bar on a fourth day gap down, and now on Friday we get the infamous "Inverted Hammer" candle, in the green circle. I circled two other candles in green over the last year where "similar" candles appeared, in August and November of last year.
Stockcharts.com defines the Inverted Hammer as a "potentially" bullish reversal candle, http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks, you have to go down almost to the bottom of the page to see the pattern, and it's the exact same candle as the Bearish "Shooting Star", accept in the context of where it occurs in the price pattern, IH occurs AFTER a decline while the SS occurs AFTER a rise. The bullish confirmation of the Inverted Hammer comes with a following day gap up OR long white candle WITH heavy volume, IE, Da Boyz do what they are famous for and gap us higher Monday morning in the infamous low volume over night futures markets, where they play with our free TAX MONEY with reckless abandon.
A little bullish confirmation of this pattern comes from Quantifiable Edges, http://quantifiableedges.blogspot.com/, where he talks about how RARE it is for the SPY to have two big DOWN days to start the month, since it's inception this has only happened FIVE times, and the returns during the next two weeks averaged 9% in GAINS, hahahahaha, WOOOOOOO HOOOOOO, of course, five times is not much of a sample period, BUT, the implications seem pretty positive.

Speaking of BULL SHIT, eeeeeerrrrrrrrrr, aaaaaahhhhhhhhh, BULLISHNESS, I watched James Altucher make his case on BubbleVision yesterday for DOW 20,000, in the next 12 TO 18 MONTHS!!!!
Now, first off, HAHAHAHAHAHAHAHAHA.......................HAH!! What THAT means is, of course, you either BELIEVE, or you DON'T, I, OF COURSE, DON'T, but believe it or not, I've actually been WRONG before, and, again, HAHAHAHAHAHAHAHA................HAH!! meaning, of course, I've been wrong more than not.
I USED to like James (hidden inside that comment is the fact that it's probably the single most ACID, BITING comment I've ever made), but I don't like his shilling for BubbleVision, sigh, I guess he probably needs the money that much. To his credit though he lays out his ten reasons for this "forecast" all over the WackOshpere, this is in MarketWatch, http://www.marketwatch.com/story/next-stop-dow-20000-2011-06-02.
I'm going to digress here for a second (like THAT'S new!), but he was being interviewed by BubbleVisions greatest acquisition, Brian Sullivan, http://en.wikipedia.org/wiki/Brian_Sullivan_(news_anchor). I've followed Brian since he started on the ONLY "TRUE" business news channel, Bloomberg, as being a "former" commodities trader at a big firm he was always coming up with some interesting, little known market facts, and tended to challenge his guests with "Funnymental" facts about companies they were trying to pump, etc etc etc, it pissed me off to no end when he went to FBN, where they stifled him into only being able to shill what ever the FBN company line was, which was usually an advertisement for the FNC section. Anyway, Brian is MUCH more of an actual "EXPERT", than 99.99999% of those Udder things that BubbleVision advertises as their market "EXPERTS", it's just the damest thing that BubbleVision doesn't have a single REPORTER on their desk, just "MARKET EXPERTS", HAHAHAHAHAHAHA, yyeeeeeeaaaaa, rrriiiiggghttt, just like the two that broke out on their own a few years ago, and have come crawling back after finding out that trying to "play" the market with REAL money is just a little different than yakking about it on the tube, I won't mention their names, but their initials are HG and RI. Of course, I shouldn't pump Brian to much, because any time you start with the word "FORMER", as in "FORMER" trader, you usually mean "FAILED".
WAD EVER, sigh, I bring all that up because he started the interview with James off by saying that he agree's with almost ALL of his ten items, other than items number 1, 3, 4, 6, 8, 9 and 10, hahahahahahhaha, or some thing close to that. Now, I'm not going to bother going through the items, as I'm less of a Market "Expert" than Michille Cabbberraa Maannnerra Contrraaarerra, or wad ever her name is, but I, aahhhh, errrrr, I'm aaahhhh, going to aaaahhhh, eeerrrrrrr, GGRRRRRR, oh hell, I will:
1) I consider this the dumbest of the entire bunch, and therefore it INVALIDATES the other NINE, BUT, and correct me if I'm wrong, isn't the QE's the FED merely buying back Treasury Bonds???? How does that equate to "FEDERAL STIMULUS"???? All they're doing is saving their precious banks, and didn't we actually have "FEDERAL STIMULUS", in the form of almost a TRRRIIILLLION dollars that the Democraps spent on more Whore Houses for ACORN????? And as for it taking 6 to 18 months for that "FEDERAL STIMULUS" to work through the economy, aren't we in the time frame that QE1 should have been working??? And didn't we get a 5 print on the GDP like the first quarter AFTER it started, and hasn't the GDP done nothing but go DOWN HILL since then????
2) It took Bushie TWO administrations to completely DESTROY the country I love so dearly, and now we're giving him a THIRD CHANCE????????????????
3) I have NO IDEA where he came up with this ridiculous extrapolation, I suppose he has exact and comprehensive NUMBER's that's he's done decades of research on to back it up with.
4 and 5) Read John Hussman, PERIOD! He has ACTUAL NUMBERS that show this is BS.
6) They have TEMP WORKER's just so they can lay them off IMMEDIATELY!!
7) Slap a "Traditional" MARKET BOTTOM multiple on that of 7, and I get an S and P at 700, hahahahahahahahaha!!! Again, read John Hussman.
8 and 9) This is where the Pixie in James is showing up, as he's obviously winking at you with one eye, I mean, come on Jimmie, we're supposed to compare MSFT, INTC and CSCO to APPLE???????!!!!!!!!!! DOUBLE OR TRIPLES????????!!!!!! I mean, SCREW the DOW, buy MSFT, INTC and CSCO NOW, BEFORE IT'S TO LATE, WHY PICK UP A LOUSY 66% BUYING THE DOW OR S AND P WHEN YOU CAN GET A TRIPLE IN THEM???!!!!!!! One things for sure, if they had dumped those three OUT of the DOW, and put AAPL in there, it would be trading at 20,000, RIGHT NOW!! For the life of me, I can't figure out what in the hell they were thinking about when they put CSCO in there instead of AAPL, truly one of the great mysteries of our time.
10) I'm in the Harry Dent camp on this one, a MAJOR demographic change is going to happen, but ONLY after the Government finishes up what they are trying to do, and that's kill off the BIGGEST generation in History as fast as they can, us Baby Boomers! I read a recent article where it said that 58% of us say we will never, NEVER, put our money in the markets AGAIN! NEVER, EVER!!! HAHAHAHAHAHAHA....................HAH!! That is, we WON'T until we reach Jimmie's target of 20,000, AND THEN WE WILL BE PILING ALL IN, WOOOOOOO HOOOOOOO! Seriously, WE WILL!
Sigh, I agree with him about a demographic shift for the next 25 years, BUT, that shift is only going to happen AFTER Governments do what they do best, including our own, and that's when they can't solve their economic malaise they start waving the fricking flag, and send our little kids off to be butchered and chopped to pieces in WAR, I only fear the next one is going to be how we solve our Global over population problems as well, as they will probably try to get rid of about 3 Billion of us. They already tried to get rid of as many of us Boomer's as they could in NAM, but it didn't work YOU BASTARDS, WE STUCK AROUND LONG ENOUGH TO BECOME A BIGGER PROBLEM, HAHAHAHAHAHA!

This is all in fun of course, as I actually like and respect James, he gets my Kudo's for sticking his neck out and putting his ass on the line, for with an 18 month time frame even I might be around to see if he's right, and he BETTER be right, cause if he's not he's going to end up working full time for BubbleVision with those udder two has beens.

I SHIT YOU NOT!! I no sooner hit the send button on that last post, went in to get some more coffee, and the coffee maker light was OFF, hahahahahahahahha, STINKING TROUT!!!!!!
Anyway, I'm in serious trouble as it BLUE SCREENED me on this latest start up, so I'm shutting down for the day (I'M SERIOUS THIS TIME!!!), but since I'm flying off the handle I thought I'd do ONE MORE rag ass post, Bespoke just published an article about how "OVER SOLD" we are, http://www.bespokeinvest.com/, hahahahahaha..............HAH! Do those "indicators" on that chart look "OVER SOLD"?????? I mean, he's basing it on the standard deviation we are UNDER the 50 DMA, but I ask you, aren't those GREEN CIRCLES like a pretty good time to "invest"??? Hell, two of the STOCH's have just now triggered SELL signals, and the 60 period STOCH isn't EVEN CLOSE to triggering, even the RSI at the bottom is a loooooooong way from being, "OVER SOLD"!
Late side note: My MAIN GURU, Sysin, left a comment on the blog yesterday, or the day before, that he's starting to see a POSITIVE divergence on the 15 period TSV on the daily chart of the SPY, that's Time Segmented Volume, which is an indicator you only get with Worden Charts. This, "USED", to be one of my MAIN indicators, I say "USED" to, because with my life in an obvious UP ROAR this year, I didn't sign up for any services, none, ZERO, NADA, so I don't get it.
Wad ever, I thought I'd get one more obnoxious post in before I go back to bed, well, ACTUALLY, when I think about it, with all those TROUT crashing into the generator the fishing must be pretty good up in the Canyon, that sounds like a lot better idea, fishing, WOOOOO HOOOOO! Lator Gators!
Speaking of "Gators", in the big baseball event of the YEAR, the NCAA Women's Softball World Series, Florida looked pretty damn good yesterday, beating what I thought was a VERY strong Missouri team, the biggest game of the year will be tonight when they take on the Number one team in the nation, Arizona State, and I fully anticipate that the winner of that game will go on to be the National Champions.

Sigh, forget the prior post, I was a little, aaaaahhhhhhh, upset at my problems this morning, anyway, we did one of my most favorite, UNFAVORITE, things after the open, we went STRAIGHT UP! SIGH, Da Stinking BOYZ sell the shit out of it in the premarket, and then use it to squeeze the hell out of any retails that may have been dumb enough to short it before the open, this of course is the complete OPPOSITE of what true "investor's" do, 

AAAAARRRRRUUUUUGGGGHHHHHHHHH!!! I am, like, TOTALLY DONE, the stinking power went out again, this is like 45 minutes after I started writing the paragraph above, SHIT! I usually wait about a half hour after the power first comes back on, as they "usually" do about three fits and starts and they try to figure out what 5 amp fuse went out in our power station up in Beaver Canyon! With the most recent dump I have to think some thing serious is going on, like a Trout probably broke off one of the blades in the Generator!

Wad ever, this will have to be quick before we go out again, any way, "investors" "usually" can't wait to SELL after a dump in the premarket, as a lot of people can't sell until AFTER the open, this set's up what really is my "Favorite" pattern, which is the "Trap Door", where we dump in the premarket, open up and then CONTINUE dumping for like 3-5 bars on the five minute chart, and then magically find support and start inching higher, which gets all the shorts and the misguided "investor's" that sold scrambling to cover and buy back into the market. The open was the complete opposite of that so, naturally, I had nothing to do with it.

The Services ISM came in better than expected, which makes sense of course, as "they" got more work SERVICING our DEBT, since no one has a stinking job!!!!! Anyway, we probably found support at the "whole" number of $130, or 1300 on the Big S and P, we tried to back test that broken lower trend line, and FAIL, but we managed to push through it over the ISM report, so I consider us back in No Mam's land, and not worthy of consideration. In fact, I just checked and we are at $131.10, a full point above the open, sigh, wad ever, have fun with it while you can.

I stole this chart from Dshort, http://dshort.com/articles/Kimble/2011/0603-SPX-and-treasury-yields.html, it's actually from Chris Kimble, it's his "Ketch-Up" indicator, whereby the S and P has fallen about 15% each time the 10 year bond yield has broken major support, this since 2007, which is actually not enough of a time frame to lend any validity to it, BUT, it brings up MY point, which is......................

THE ABSOLUTE BALDDER DASH BULL SHIT THAT CNBC AND OTHERS KEEPING HARPING ON THAT IF INTEREST RATES ARE ALLOWED TO GO HIGHER THE ECONOMY WILL TANK!!!!!!!!!

This "theory", is the biggest crock of shit I've ever seen, in fact, I even watched Larry "Crudlow" last night and he brought it up again, that the current economy is on SOLID ground just BECAUSE INTEREST RATES are so LOW!!!! Which continues to amaze me, because Larry was actually working for the Administration that gave us the last great BULL market of the 20th Century, the Regan Administration, and he was part of the bunch that backed the greatest FED Chairman of all time, Paul Volker, when he RAISED Treasury rates to 15-18%!!!!!!!!! I did a whole series of articles a number of years ago with a bunch of charts that showed the "MARKETS" go HIGHER when interest rates rise, and LOWER when they go DOWN, IN FACT, just look at that chart above, did the "MARKETS" NOT go HIGHER while Interest Rates went HIGHER from 2003 to 2007, and did the "MARKETS" NOT go LOWER when Interest Rates went LOWER from 2007 to 2009, and did the "MARKETS" NOT go HIGHER when Interest Rates went HIGHER from 2009 to 2010, and BLAH BLAH BLAH BLAH BLAH!!!!!!!!!

Do these people, like, for instance, THE FED, NEVER LOOK AT STINKING CHARTS TO BACK THEIR THEORIES UP?????!!!!!!!!!! I mean, like I said back then, you could make 8% IN A STINKING MONEY MARKET ACCOUNT!!! YOU COULD MAKE MONEY WITH A MONKEY THROWING DARTS!!! THE REASON WE ARE SUCKING THE BIG ONE RIGHT NOW IS BECAUSE THE AVERAGE AMERICAN CAN'T SAVE ANY STINKING MONEY, IN FACT, IT "COST'S" THEM MONEY TO HAVE IT IN A SAVINGS ACCOUNT!!!! This SUPPRESS's investment in this country, as most NORMAL people use the EXTRA money they've saved as their INVESTMENT MONEY! NOT TO MENTION BUYING ALL THAT SHIT STUFF THAT WALL STREET'S PRECIOUS CORPORATIONS ARE TRYING TO SELL THEM (the SHITIESS being, of course, CLOUD COMPUTING, HAHAHAHAHAHA).

Anyway, this article really got me off, that is the perpetuation of this FRAUD that the Government, Wall Street, and Crudlow keep trying to SELL the public on, that we HAVE to keep rates at ZERO, TO SAVE US!! The only thing they are saving are the ZOMBIE banks, so they can borrow at ZERO rates and then lend it back to the people who have been shouldered with their debts, THAT BEING YOU!!!!!

Wad ever, I'm outta here before another Trout blows our station up, good luck to you and Ta Ta!

HAHAHAHA...........HAH!! I've had a pretty interesting morning, as is wont to happen in this one horse town a few times a year, the power went out this morning right after I got up, for a couple of hours. Number one, and I mention this every time it happens, is how close we are to the Stone age, for when the power goes off I realize how much I depend on all my little electronic gadgets, and how much business's depend on it, like, the grocery store has to shut down, the gas stations shut down, my phone is a cordless that has to have the station powered up, so I can't call 911 or the police station to find out if rioting has broken out down town, etc etc etc!!! One interesting thing I found out, that I hadn't realized, is that I have NEIGHBORS, hahahahahahahaha, as since I didn't have any thing to do, eeeeeeerrrrrrr, any thing I COULD DO, I went outside to drink my coffee, that is what little I had since the coffee maker shut off, and every one else was outside wandering around wondering what in the hell to do with themselves!
ANYWAY, the power comes on about 25 minutes after the payroll report, so I did what I NEVER do, and turn the tube on to CNBC, as I have to wait for my internet to reload and come on line, and the DOW's down 140 points, and of course the idiots on Bubblevision are in a panic, and I think, my god, we must have printed MINUS 400K or some thing, WOOOOOOO HOOOOOOOO! Geeze, the stinking number was POSITIVE, I mean, it was only 54K, but at least it was POSITIVE!! Anyway, CNBC actually had another "EXPERT" on there, besides all the "EXPERTS" they claim their reporters are, and this individual is talking about how atrocious the number is and how Da Government needs to do more, the FED needs to do more AKA QE3, State and Local governments need to do more, blah blah blah, and I'm screaming at the idiot trying to figure what kind of idiot this is and that it's NOT what the Government should be DOING but what they SHOULDN'T be doing, and sure as shit I find out they are one of our public "SERVANTS", hahahahahahahahaha, no shit gomer, of course you'd be saying that!!!!!!!!!!! One of the CNBC "Experts" actually had the gall to say that, gee, maybe the Government IS the PROBLEM, and the "guest" immediately went into defense mode and started rattling off about where would we be if "they" hadn't SAVED the auto industry (IE, the UAW, giving them to FOREIGN outfits, putting them through a BK that eliminated every thing BUT the problem that caused the BK), and SAVED all those public "SERVANT" jobs, and the FED hadn't pumped all that money into the ECONOMY (that's strange, I thought the FED was SAVING their precious BANKS and CORPORATIONS), and, and, and.................well, I'm stopping, I'm going right back into the main reason I stopped doing commentary on the blog, because I get so fricking upset at this bull shit, wad ever.......
Anyway, at 10am we get one of the MAIN reasons this country is in such deep shit, and that's the "SERVICES" ISM report, where we find out if it dips into recession readings of under 50, as MOST of the jobs in this country are related to employment of people to SERVICE our DEBT, SERVICE our GOVERNMENT, and SERVICE jobs that are related to SERVICING SALES of shit products to CONSUMERS, who DON'T HAVE A FRICKING JOB AND CAN'T AFFORD TO BUY THAT SHIT ANY WAY!!!!!!!!!!
Sigh, wad ever, that SP chart is PRETTY interesting, it's not the price action so much, but the MASSIVE LONG POSITION by the "DUMB" money, or some times called the retail, and the MASSIVE SHORT POSITION by the "SMART" money, or some times called the Commercials, hahahahahahahaha, WOOOOOOOO WEEEEEEEEEEE, you think maybe the retails will be RIGHT this time????!!!!!

Soooooooooo, they finally filled the first gap at $131.31, nice Yob Boyz! I circled that area over on the left, from 3/18-3/19, and put a question mark on it because I don't know if it's a "congestive" support "area", OR, an Air Pocket that would tend to provide no support until we reach the bottom of it. Wad ever, if you look inside that circle we had a HIGH on the 18th and a LOW on the 19th that comes in "around" $130.50, which also happens to coincide with the trend line running along the BOTTOM of the recent price action, so maybe that will be the next "support" "area". The .50's also act as WHOLE NUMBER support as well, so that kind of adds to it. We also, CURRENTLY, have a slight POSITIVE divergence on the MACD, which is trying to show up on the 30 minute chart as well, but NOT the 60 minute.
Wad ever, it would probably be logical to bounce from the gap fill, besides, the SPY is so "cheap" now value inwestor's will probably not be able to help themselves...................... HAHAHAHAHA.........HAH!

Basically a flat open this morning, the weekly NON-payrolls came in slightly better than "expected", BUT, still  above the 400K level which is not EVEN close to being "good".
ANYWAY, with the big down day you might "expect" a little consolidation, but we had a fairly decent "whip around" after the open, getting up to $132.24 before dumping to within 5, FIVE, cents of that $131.31 gap fill from April 19. We have a couple of gap fills waiting for us from March, that "SHOULD", act as a magnet, but in this massively manipulated market who fricking knows what evil lurks in the mind of Da Government. The main action should happen tomorrow after the payroll report.
On a personal basis, I won't EVEN remotely consider looking LONG on this thing, until we start getting some positive divergences on some of the indicators, like, I show the MACD on the chart, I'd like to see a LOWER LOW on the SPY with a HIGHER LOW on the MACD, you can use wad ever "indicator" you use as your favorite, like the RSI or wad ever, indicators don't mean diddly fricking squat udder dan a kind of guide post as to what's up.
It's been about 15 minutes since I took the picture on that chart and that dumb ass 5, FIVE, cents above the $131.31 gap fill has, quote, "HELD", hahahahahahaha, stinking roach's, this just means it's sitting there screaming to be filled, so I anticipate a lousy "Bear Flag" developing as they try and suck the retails into believing a "bottom" has been found.
Good luck to you.

A friend of mine is none to happy about his "Guard" Dog:

Subject: Anybody Want A Dog?

My house was broken into last night by two robbers who locked me in the bathroom, and proceeded to steal all they could carry.  My watchdog, "Killer", did not alert me, and for this reason I am giving him away. I no longer want a dog - I´m installing an electric fence and detection devices with alarms. They´re cheaper and more reliable.  For those interested in adopting the dog please send an e-mail urgently.
    A photo of "Killer" is attached

The madam opened the brothel door in Elko County, Nevada, and saw a rather dignified, well-dressed, good-looking man in his late forties or early fifties. 'May I help you sir?' she asked. 'I want to see Valerie,' the man replied. 'Sir, Valerie is one of our most expensive ladies. Perhaps you would prefer someone else,' said the madam. 'No, I must see Valerie,' he replied. Just then, Valerie appeared and announced to the man she charged $10,000 a visit. Without hesitation, the man pulled out ten thousand dollars and gave it to Valerie, and they went upstairs. After an hour, the man calmly left. The next night, the man appeared again, once more demanding to see Valerie. Valerie explained that no one had ever come back two nights in a row as she was so very expensive. There were no discounts and the price was still $10,000. The gentleman did not blink an eye. Again, he pulled out a wad of cash, gave it to Valerie, and they went upstairs...after an hour, he left. The following night the man was there yet again. Everyone was astounded that he had come for a third consecutive night, maybe a record in the history of brothels in Nevada, which date back into the early 1800's. But without hesitation he paid Valerie the ten grand and off they went upstairs. After their session, Valerie said to the man, 'No one has ever been with me three nights in a row. Where are you from?' The man replied, 'Billings, Montana.' 'Really,' she said. 'I have family in Billings.' 'I know.' the man said. 'I regret to tell you, but your sister died, and I am her attorney. She asked me to give you your $30,000 inheritance.' The moral of the story is that you can depend on three things in life: 1. Death 2. Taxes 3. Being screwed by a lawyer  An elderly man is stopped by the police around 1 am.  He is asked where he is going at this time of night. The man replies, "I am going to a lecture about alcohol abuse and the effects it has on the human body". The officer then asks, "Really? Who is giving that lecture at this time of night?" The man replies, "My wife

An excellent, EXCELLENT, article on the P/E ratio of the SP 500 on Dshorts site, http://dshort.com/articles/SP-Composite-pe-ratios.html, a MUST read, for me at least. It helped explain the wild readings we got in 09' when the S and P bottomed with about a 184 P/E. The article is NOT a, like, BEARISH argument or any thing, just some very good information about WHERE to FIND the "E" part of the P/E, which in my personal opinion has been VERY hard to find, for some reason it seem's like the powers that be like to hide as much of the "REAL" information as possible, hahahahahaha, if I was a conspiracy nut I might ask WHY WOULD THAT BE!!!! I was glad to see him touch on the topic of TTM, Trailing Twelve Month, VS the BS "PROJECTED" earnings that the salesmen employed by the crooks on Da Street like to use, as Hussman has shown time and time again, those salesmen, some times called "Analyst", consistently overstate, or more likely "GUESS", about 30% HIGHER than the "ACTUAL" earnings end up coming in twelve months down the road. Wad ever, either you believe or you don't.
Anyway, I was sitting on my asssss this morning waiting for the all important ISM number, and sure as shit, and continuing with the stuff I posted yesterday about the lousy economic numbers we've been getting, they were a sea of red again this morning, the miss by the ADP numbers was totally amazing, and the miss by the ISM was right in line with the lousy regional numbers I had been commenting on, that reading is now 3.5 points away from a RECESSIONARY reading of below 50.
The "markets" are getting ripped as we've completely reversed all the maaaaaaaaaaavelous "strength" that the yakking yelling screaming talking TV heads were trying to sell to the public yesterday, as the UP/DOWN volumes have completely reversed. That candle we put on yesterday was the infamous "Hanging Man" candle, but with the Government, Wall Street and the FED's doing every thing they can (IE, throw more FIAT money at the primary dealers on Da Street to hold us up), I was hesitant to mention it, as I would probably look more the fool than I usually do. Wad ever, we've now set up ANOTHER Island reversal, just like we did last week, and if we weren't so stinking manipulated, by all rights we "should" be crashing here, giving the "true" Bull's a chance to buy into the markets at MUCH lower levels.
One thing that I now see, is that the "LINE IN THE SAND" has moved up to $135, as shown by the horizontal red line on the SPY chart, rather than the previous $134 that was so important. As long as we stay above last week's LOWS the Bulls, which are the outfits that get all that FREE money thrown at them that we DON'T get, will probably stay in control, BUT, under that low and we could, and that's a BIG "COULD", be after the 200 MA down around $124. That's just my personal opinion of course, I imagine that with the way Da Government LIES about the unemployment in the country "THEY" will probably find a way to come up with some greeeaaaaatttt numbers for the report on Friday, despite the lousy weekly reports we've been getting, and manage a great Rollie Fingers, some times called a "SAVE", at the end of the week.
On a personal basis, I'm staying away, and glad of it, as I'm applying more Lipstick on my PIG house here, trying to sucker some one into buying it. If I ever do sell it, it's going to take me a week to gather up all those empty Lip Stick casings and haul them off to the dump. I seem to be having a hard time getting any offer's from the "walkers", as they always ask about what the empty casings are, and being the dumb ass I yam I tell them they are the empty .308 casings that I used up on the LAST walkers that made a bid UNDER my asking price, hahahahahahaha, sigh, maybe I should tone it down a little.