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Dollar index filled the gap from late February and we have a 13 buy on the 60m DX. INtraday, I look for a bounce in the dollar but >4hr I look for a continued selling.

~699.. This move basically neutralizes the over-extended selling from the 13 momo count. It was merely coincidental that the 13 momo count came so close to a round number. A higher high after 2 would be huge. As mentioned by LC we could easily hit 720 and that's where ALL the fun is...

Here is the daily..

724-736 will be The ES Gettysburg... 240m and under it is a buy. We need a close above 703 to confirm a buy on 480m and a close above 733 on the daily.

Look closely at all Multi-Level-Marketing business and you'll understand. The big wigs who make it try their hardest to change the game to make it tougher for anyone else to get there. Bottom line is that they are sell outs. No ifs ands or buts about it. They try to break down the system...

This war is waged by government and the Anglosphere. We aren't even pawns on the chess board. The real transfer of wealth has yet to begin--the great inflation. If you raise taxes the local Tropical Smoothie will reduce head count by 1-2 people, Citigroup will reduce headcount by 10-20k...

If anything large corporations should be taxed less simply because THEY EMPLOY MORE PEOPLE. If you increase taxes on big corporations they will be forced to increase prices and cut labor [jobs]. The entire capitalist system is being manipulated by the bailing out of failed business...

The reason the gov't had a surplus back in the late 90s was b/c of the Nasdaq parabolic move (coupled with Clinton raiding Social Security). The bubble popped and they were forced to create another bubble to cover the gap in tax revenue. The gov't ramped up its size to spend the surplus...

3:15 rally--nice.

SDD? Bottom at 3:15, hold to 3:45, sell off to close?

"If you pick up a starving dog and make him prosperous, he will not bite you. This is the principle difference between a dog and a man." -Mark Twain-

Huh? So 1.47 Eur? 1.62 cable?

Non-event.

You sold naked vola, with a 50 VIX, on a company who has to pay $2.2MM upfront to insure $10MM? Suicidal...

You're insane to hold short gold overnight, as, we are 1 major bk away from a spike over 1200.

Which is why this economy will not bottom until a major portion of American workers transfer into the manufacturing sector. The US will be an economic wasteland until this happens. The markets will continue to go lower as the gov't continues to subsidize service sector jobs.

Bro, don't get giddy over a 7 handle pop in ES.

A death spiral... I'm not disagreeing there, but this will only create more busts, everytime the bubble bursts, it gets worse.

If the gov't stands back and allows the market do its thing, yes, I agree. Consumer spending shouldn't be seen as a sign of the contraction ending. We have a phony economy with 60% of our GDP based on consumer spending. Sure we can buy all these shitty Chinese goods and reduced automobiles...

The real contraction is far from done, as, the gov't still has trillions more of stimulus packages to pass. The gov't will try to implement price controls in frozen markets. Price controls will create shortages, shortages will create more panic, this is just the beginning.