As If Bear Has Not Been Screwed Enough - Now They Want To Castrate Him!

Just amazing how this market trades flat or up, also amazing to see how hard its trying to sell off today but keeps on coming back just like yesterday.

 

Bullsh*t.

That was a blow off top. Distribute into the new high.

Ran up yesterday on no volume. Spiked again this am on no volume now the sell programs are crushing it gentle lower.

Planned distribution. By the time everyone figures it out the distribution will be nicely completed and then the gauge as to whether more money is on the way.

Kospi overnight did the same exact thing.

 

Ok, we'll see. The problem is that standard technical analysis no longer works with a rigged market.

So far it looks pretty good.

 

I hear you. But buying a dip up here in nosebleed land. Better be hedged.

 

We've been in nosebleed land for quite some time and it's worked.

 

Hmmmmmmm.......

So someone who caught a few hundred percent in a few stocks here and there since March 2009 low or even someone who invested at the end of 2009 and still made 10%, 20% maybe even 30% should still be holding on, someone needs to wake up and realize its time to take most, if not all profits off the table.


Why Selling This Market Makes 'Very Little Sense': Nomura Research
Published: Friday, 12 Mar 2010 | 11:14 AM ET
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By: JeeYeon Park
CNBC News Associate

The current market "is very much based on fundamentals," said Paul Schulte, head of multi-strategy research at Nomura International. He told CNBC what he's watching "as we move into Monday."

“The world is awash with liquidity,” Schulte told CNBC.

“I think selling here makes very little sense, when equity markets are built on credit markets.”

The credit markets are telling us that there’s more to go on the equity markets, he added. He told investors to watch the following four points ahead of next week’s trading:

1. Sovereign credit default swaps "are rallying like crazy—they’ve come down tremendously in the last week or so," he said.

2. Investment grade and high-yield credits—"Some of them are getting to year lows," said Schulte. "The rally’s amazing."

3. Emerging market credit defaults swaps in the sovereign and the corporates are also "rallying like crazy...Some of these are reaching all-time lows in terms of rallying, so all time high prices in terms of credits."

4. Liquidity—"That TED spread that everyone thought would never go below 1 percent just hit 10 basis points yesterday," he noted.

 

Depends what timeframe, of course.

And yes it has been quite a rally.

There's a lot of money sloshing around that's for sure.

A few markets I look at are running into serious resistance at this level. I doubt armageddon is coming but a pullback over the summer is highly likely.

 

Liquidity is once again the deciding factor for the markets, liquidity is what drove the markets to highs in 2007, seems its the only way to push markets up.

 

http://finance.yahoo.com/tech-ticke...ood-as-wall-street-says"-437941.html?tickers=^DJI,^GSPC,xlf,uup,tbt,FAZ,FAS

 

EXACTLY as described. We ran past 1150 without volume...

We are now tethering 1150 and it needs to hold as support.

Other assets sold off in relative terms