im naked short and i will sleep well this weekend. its a simple downward channel that i discovered a few days ago. everything else i read and digest is as clear as mud compared to this chart dissection. keep it simple.

http://social.stocktock.com/photo/spx-feb-13?context=latest

im naked short and i will sleep well this weekend.

http://social.stocktock.com/photo/spx-feb-13?context=latest

I am not at all convinced of investing ‘long term’ in this market, this gov’t, or this banking system at this time. The downfall last Fall was a ‘sign’ of the corruption and incompetance. Nothing has changed. There is a reason for it, and it is due to the goals of the NWO/Central Banking system. Learn more about THEM and you can put it all together their cause of wealth, and the destruction of it too, and WHY.

But we are playing on their court, and the ref’s are a bit blind to some calls.
I think it best to keep in mind exactly WHAT can be changed; there are MANY things. And all of them will make the market zoom, one way or another.

-restoration of the uptick rule on short-selling (I don’t want that!) lol
–restoration of Glass-Steagal Act (I WANT that) and better believe market will ZOOM…up, up if/when that happens. Don’t think it isn’t part of their arsenal. I will go FAS/QLD/double up QQQQ, etc, etc…when/if they do this. It MIGHT be the ‘big one’ they are holding now.
–uhhh,,,impeach most of Congress, and 5 of 9 of the Supreme Court. (I am in favor of this; probably won’t happen)
–legalize smokin’ pot. lol. That will put Mexican gangs outta business,,for a litlle while. Tax it/regulate it. Just decriminalize it.
–teach me enough to be able to make a lot of money in the limited time we might have, in order to buy that land, build my mudhit, and have enough money to trade and make a living, and just live in peace. HooYaaaa!!! (lol)

Oh I went to my bookmarks to get Denniger’s site; looks like he is talking Glass-Steagal too,,,3 articles down. In the article ‘to the republicans”

–By being able to ‘short’ IRA/Pension accounts w/QID, etc, is an advantage that we didn’t have in 2000, to 2003,,,(at least I was unaware of it, if so) Oh good lord, the things they CAN change. In the past, all you could do w/an IRA was go long.

http://market-ticker.denninger.net/

This guy is GOOD; we might need him on the Cabinet. He has 18 things listed. Here is a partial;

“Here’s the prescription to fix it now and forward – your platform on economics:

1. Reinstate Glass-Steagall. No more “Chinese Wall” nonsense. If you’re a commercial, government-backed bank that accepts customer funds (e.g. anything with an FDIC guarantee) you may not offer investment products of any sort (including insurance-style products such as annuities) nor may you have cross-ownership or control with a firm that does. Period. Banking – the fractional reserving of depositor funds and issued debt for the purpose of issuing loans – is a utility function and its plenty profitable (if a bit stodgy) when operated as one.
2. Drop the 10% deposit concentration cap to 5%, and give existing banks that are over the 5% limit three years to get under it by splitting off or selling off assets. This applies to fewer than 25 institutions, and it needs to happen right now to control systemic risk. Bluntly, if you’re too big to fail you’re too dangerous to the banking system as a whole. See #1 above – commercial/retail banking is a utility function and should be regulated as same.
3. Repeal the “Bankruptcy Reform” law. Consumers must have the same right to go bankrupt and discharge debts that corporations have. Banks and others who grant loans must have this Sword of Damocles over their head – you make a bad loan and the borrower can file Chapter 7 and stick you with it, without exception. This will immediately collapse the outrageously overpriced bubbles that remain and are credit-driven, including post-secondary education.
4. Remove the obscure little change made in the EESA/TARP legislation that allows Bernanke to set the reserve ratio to ZERO for banks, and set it statutorily to 8%. Enhance the law by declaring that ALL funds taken in by a bank irrespective of their source are subject to the 8% reserve requirement (thereby removing the “sweeps” exemption that started this mess.) This will force leverage in the regulated banking system to no more than approximately 12:1.
5. Set the lawful leverage limit to 12:1 for all investment banks and other entities including hedge funds. Any firm that wishes to be domiciled or operate in the United States must comply. Period. I know what the counter-argument is – “they’ll go somewhere else.” Fine! Go blow up some other nation’s economy. We’ve had enough of it.
6. Said 12:1 leverage limits must apply to all assets. Yes, even US Treasuries. If you hold it at most (for the safest assets) you can gear it at 12:1. Period.
7. Ban all off-balance-sheet vehicles; no exceptions of any sort. If you have control of it or are responsible for it in any form or fashion you must consolidate it on your balance sheet. “Shell corporations” set up to evade this requirement that have no capital or assets of their own are deemed a fraudulent shell company. Close the SIV loopholes.
8. No more Level 3 anything may count as “assets” and all model-marked assets in Level 2 must be disclosed specifically along with their pricing models and the inputs for same in quarterly and annual reports. The proper disinfectant for chicanery and fraud is sunlight. If a regulated or public company wishes to hold an “asset” without marking it to a market price they’re free to do so – what

And let me tell you, look at my intraday chart….I knew it was gonna turn…waves were compressed ready to explode.”

I really want to understand how you saw it coming, but I don’t. First, which of your charts is the “intraday chart”. To me that is a chart showing the details of A DAY. I don’t see such a chart. Second, what waves are you looking at. I don’t see any compression on any of them. I’m really not a dummy, I have a few engineering degrees myself, but I sure feel like one. Any help would be appreciated. Thanks.

Your tax money at work, and it should be illegal.

changed the chart… by george i think i’ve NAILED IT

http://social.stocktock.com/photo/photo/show?id=2348194%3APhoto%3A16221

this fits with S135s view of the markets. with this chart .. no chance for 900